DISAPPOINTING PENSION SETTLEMENT FOR FAMILY PENSIONERS!

Here is a live case, (which I have guided for quite some time)

which shows how the spouse of  Expired  employees are cheated.

Average Basic Pay:                                 Rs. 6252 (in 2002 when employee died))

Amount payable at 156%  :                      Rs.249212

Family Pension Payable per month:          Rs. 2958

Pension arrears payable upto Sep 2010:   Rs.31682

Now the spouse has shell out Rs.217530 (249212-31682) and get pension of Rs.2958 per month.

When the spouse will get back her principal?

WHAT SHOULD BE THE DATE OF COMMENCEMENT OF PENSION FOR NEW PENSION OPTEES?

Article received through email from ashok goel <ashokgoel47@gmail.com>
Bank Employees Pension Scheme.

“AN ARBITRARY DATE INVENTED BY THE PARTIES TO THE SETTLEMENT FOR PAYMENT OF PENSION/FAMILY PENSION IN RECENTLY PENNED DOCUMENT ON 27 APRIL, 2010.”

Dear Friends,

Though the Bank employees are fighting against the recently written document signed on 27.4.2010 over the extension of one more option to Pension Scheme, to them, who could not opt when it was offered, due to the presence of an illegal clause in the Pension Regulations, 1995 vides Regulation 22(4) (b).

The Selection of the Pension/ Family Pension payment date as 27.11.2009 is totally illegal, arbitrary and against all the basics of the legal values established, by placing brick by brick, by the humble and honorable courts of the country. It was advised by the courts more than several thousand times that each action of the State and or any of the Authority should be free from arbitrariness and bias.