Sunday, December 20, 2020

Bank Employees Federation of India


53 Radha Bazar Lane, 

Kolkata – 700 001


Circular No.86/2020     

20th Dec 2020

To all Units, Affiliates, Office Bearers, CC & GC Members

Dear Comrade,

Enhancement of family pension for bank retirees 

The Department of Financial Services, Govt. of India accorded necessary approval, addressing a letter to the Chief Executive, Indian Banks’ Association for implementation of 11th Bipartite Settlement/Joint Note signed on 11.11.2020 and consequential benefits pending amendments to relevant regulations as per laid down procedure.

In the said letter, the DFS advised IBA to submit financial implications/liabilities in respect of family pension and employer’s contribution under the new pension scheme. The IBA since last one year had been informing that the matter has been referred to Govt. of India. Now, given the DFS letter we understand that more time will be required for its approval. In addition, different amounts are being mentioned as cost requirement for enhancement of family pension to 30 percent without ceiling spanning from Rs 9000 crore to Rs 20000 crore. The IBA never shared the details with UFBU officially. As the amount will be provided from individual bank’s balance sheet, we feel that all the stake holders including the Unions/Associations have right to be informed regarding exact requirement.

We addressed a letter to the Secretary, DFS, Ministry of Finance today, text of which is appended.

With greetings,

Yours comradely,

(Debasish Basu Chaudhury)

General Secretary



Quote: “We have come across a communication of Shri S. R. Mehar, Director, Govt. of India, MoF, DFS addressed to the Chief Executive, Indian Banks' Association bearing No. F No 4/2/2/2/2015-IR dated 18.12.2020 in response to IBA Letter No HR&IR/KSC/Govt/665/9308 & 9309 dated 11.11.2020 on 11th Bipartite Settlement and Joint Note.

In the said communication, the understandings reached between IBA and Unions/Associations  have been approved for implementation. In the matter of Family Pension, in principally agreed by IBA almost a year ago, the DFS communication advised IBA to submit detailed proposal along with financial implications/liabilities. You  will please appreciate that the spouses of the deceased bank retirees, drawing a paltry amount of family pension, are waiting eagerly with desperate need of increase in the amount. We feel that approval for enhancement brooks no further delay. We like to draw your attention that during the wage negotiation, the IBA, though confirmed that actuarial calculation has been undertaken in this regard, but did not share the same with the negotiating unions/associations. We suggest to share the actuarial calculations with unions/associations as several amounts are referred as  required costing in different medium.

Moreover, the banking fraternity have been demanding for revision/updation of pension since quite a long time as it was never revised since introduction of the scheme in 1995 with effect from 1st Jan 1986. During the negotiation for 11th Bipartite Settlement, the issue was discussed on several occasions but, we feel, IBA was never positive to take it forward. The Ministry of Finance approved pension updation for retirees of Reserve Bank of India last year which created lots of hope in the minds of other bank retirees. The Hon'ble Union Minister of Finance recently acknowledged that this  legitimate issue of bank employees are pending since long. Hence, pension of bank retirees formulated as per RBI pension scheme requires to be revised as per RBI pattern implemented last year. We urge upon you to take necessary initiatives for revision/updation of pension in RBI pattern.

Your needful action is solicited.” Unquote

Online memorandum by pensioners





Eastern India




KOLKATA- 700 001 Mobile: 9674188524, E-mail:

Circular no 119--20

Date: 19.12.20.

For circulation among members of the Governing Council, State Secretaries, Special Invitees and Advisors.

Dear Comrade,

Sub: On--line memorandum to be signed by members for submission to the Secretary, DFS, MOF, GOl and The Chairman, IBA on various long pending demands of Retirees.

In pursuance of the decision taken in the 2nd Virtual meeting of the Governing Council of AlBPARC, an On--line memorandum has been prepared on various demands of Retirees. It is to be signed by members by way of giving their concurrence in the designed format. The process to be followed is described hereunder 

1.Members are first to open our website 

Just above the words "Welcome to our site", there is an underlined insertion "Memorandum for long pending issues of Bank Retirees". It is to be clicked.

2.A page will open up containing a letter dated 20.12.20 addressed to the Secretary, DOFS, MOF, GOI and The Chairman, 1BA on various demands of Retirees.

3.At the bottom of the letter, each member will type his full name, mobile number and email id in the specific box given and then he/she will record his/her concurrence by clicking on the box named "CONFIRM". The mail will automatically go to the two addressees and a return mail will come to the Member concerned.

4.All our Affiliates are earnestly requested to employ their fullest endeavour to obtain the signatures of maximum possible numbers in the above manner and make the Authorities convinced about the urgency of settlement of the lssues of Retirees.

5.The campaign will remain open for 15 days ie upto 4 th January 2021.We expect an astounding success with the help and co--oprrarion of all concerned.

With best wishes and regards,



Friday, December 18, 2020

Govt. approved officers settlement and allow for ad-hoc arrears and new salary. 

However it seems  new rate of NPS contribution by employer and family pension issues will take some time.


F. No. 4/2/2/2015-IR

Government of India

Ministry of Finance

Department of Financial Services

Jeevandeep Building, 

3rd floor

Sansad Marg, 

New Delhi - 110 001

Dated 18th December 2020


Chief Executive

Indian Banks' Association

World Trade Centre Complex

Centre 1. 6th floor, 

Cuffe Parade

Mumbai - 400 005

Subject: 11th Bipartite Settlement and Joint Note dated 11.11.2020, on wage revision


1. Reference is invited to Indian Banks' Association's letters no. HR&IR/KSC/

Govt/665/9308 and 9309, dated 11.11.2020, on the above subject.

2. In this connection, the undersigned is directed to convey to Indian Banks'

Association (IBA)-

(a) 'no objection of the Government for advising Public Sector Banks to pay ad-hoc amount of arrears, revised salary, allowances to serving officers, and revised pension and arrears to existing pension optees who have retired, with effect from 1.11.2017, as per agreed provisions of the 11th bipartite settlement, pending amendments to relevant regulations as per procedure laid down under

relevant enactments, subject to adjustment of ad-hoc amount already released;


(b) that it may submit a detailed proposal, along with financial implications/

liabilities in respect of family pension and employer's contribution under the new pension scheme, at IBA proposed rates.

Yours faithfully,


(S. R. Mehar)


Tele: 011-23362133


Thursday, December 3, 2020

 I have updated my blog according to 11th BPS.

Those who are interested may visit the title ( on the top)

 Service conditions Clerk/ Substaff ,D.A History, Leave rules, NPS etc.,

 This is a calculation about revised pension after 11 th BPS, in the recent circular issued by AIBEA .

(Applicable to those who retired from 01.11.2017 to 31.10.2020)
I have already explained how the loading of 2.5% only on Basic Pay affects the post retirement benefits.
No need to elaborate here again.
This caculation is to cover up their failure in achieving higher load on Basic Pay and merging of Spl.Allowance with Basic Pay.
There are two options:
Option A:
These union leaders think employees are ...... and does not know basic mathematics.
Option B:
These union leaders themselves are ...... and does not know basic mathematics.
You select any one.

 When the arrears will be disbursed?

10 th BPS signed on 25.05.2015.
New Salary implemented in June 2015.
Arrears for both in service and retired employees paid in the first week of August 2015.(after 70 days).
For retired during 01.11.2012 to 25.05.2015, arrears on pension/commutation/encashment of P.L./gratuity paid in first week of Oct 2015 and Nov.2015.
(After 4 and 5 months)
Revised Pension from Oct 2015.
(May vary from bank to bank)
Let us wait and see, how it is paid this time.