You may recall that on 23rd Feb 2015 M.O.U was signed stating that loading on Basic Pay
will be limited to 2%.
Further you may remember that a week before signing M.O.U, General Secretaries of AIBEA and AIBOA (without accompanied by other UFBU constituents) met Finance Minister accompanied by D. Raja M.P.(mediator?).
Till such time the loading matter is not leaked and kept secretly.
After that discussions carried out for where to load the increase if not in Basic Pay.
Again on 25.05.2015 it is announced that a new head “Special Allowance” will be introduced and this will not be taken for Retirement Benefits.
Therefore, no need to pass on the benefits to them.
Yes, we know, that the aged parents are being admitted in “Old age Homes” only.
Everybody is concentrating on their life and interest only.
I decided to put an end to this subject by posting a table which shows how much amount a retiree lost in real terms out of this decision of denying Special Allowance for retirement Benefit.
2. Arrears of Salary for the period served.
3. Arrears for encashment P.L on retirement and on availing LFC.
4. Arrears on Gratuity.
5. Arrears on Incremental Commutation.
6. Revised fixation of monthly Pension.