Saturday, February 6, 2021

 Read the following circular on opting / not opting for incremental commutation on revised Pension after 11 th BPS.

One simple question:

Why this option was not given at the time of 7th BPS, 8th BPS, and 9th BPS?

Answer to this question itself will explain the failure of UFBU and weakness in bargaining capacity and the anti employee/ retirees attitude of IBA/Govt.

Lesser percentage increase in Basic and introduction of Spl.Allow. (not taken for Retirement benefits) are the  reasons for this situation.

Employees retired after 01.11.2012 will be the losers.


Whether to opt for incremental commutation or not?

My view is..

All employees should opt for incremental commutation.

Don't take risk.

Let signatories of settlement , union officer bearers, committee members, and employees who blindly support unions decision on spl.allow,. forgo incremental commutation and get meagre  increased pension.

1 comment:

Unknown said...

[19/02, 2:29 PM] jaganathan T C: Just had a chance to look into the salary arrears calculation sheet. From Nov 17 to Jul 18 for 9 months new BP plus new DA less than old BP plus old DA. This looks odd because a portion of old DA was added to old BP and then increased by 2.5% which surely means new BP plus new DA should show increase. But then there's a decrease. I have not come across such a thing in previous BPS.
anyone know reasons
[19/02, 2:37 PM] jaganathan T C: This may cause lower payment of gratuity ie recovery for those retired between Nov 17 and Jul 18