• Skip to content
  • Skip to primary sidebar
  • Skip to footer
  • Bonus
  • DA
  • DR
  • LTC
  • MACP
  • DOPT
  • OROP
  • 7th Pay Commission
  • Free e-mail Update
  • Expected DA Jan 2019

CENTRAL GOVERNMENT EMPLOYEES NEWS UPDATED

Latest Central Government Employees News,Latest 7th Pay Commission News,Latest OROP News,Expected DA


Bank retirees seek their own kind of OROP

August 30, 2015 By admin Leave a Comment

Bank retirees seek their own kind of OROP

Chennai: The brave pensioners of the Indian armed forces are not the only ones to be affected by the passage of time eroding the real value of pensions and the prevailing system throwing up any number of anomalies.

While the necessity for an OROP has been presented very well, bank pensioners around the country are hoping their grievances over old retirees being hit the hardest in pension schemes would also be highlighted for presentation to the authorities concerned.

It is being pointed out that the pension scheme of 1995 for bank employees, modelled after the government scheme, has not been revised in two decades although the salary for current employees has been revised four times in that period.

An anomaly pointed out by Dr B. Ramji; vice president, All India Bank Retirees’ Federation, is that of a General Manager retiring in 1987 drawing Rs 5,000 less than a clerk who may have retired in June 2015. A GM retiring now would get nearly twice as much as a retiring clerk.

Dr Ramji also said that while Dearness Relief neutralisation is at 100% for serving bank employees, those who retired before November 2002 get a far lesser percentage on the count of neutralisation.

The loss in real terms for such retirees could be as much as Rs 10,500 per month. He also said that persons who retired between April 1998 and November 2002 have suffered from at least Rs 5 lakh by way of reduced pension and commutation.

Among other grievances that retired bank staff have is family pension is paid at a much lower rate and lower ceilings than to government and RBI employees. The difference in these cases could be almost 50%, Dr Ramji said. An inferior medical scheme as compared to serving employees is also a problem being faced by pensioners.

Read more at http://www.deccanchronicle.com/

Related posts:

  1. Dearness Relief payable for the period August 2018 to January 2019 to surviving pre 1.1.1986 retirees of banks
  2. CGHS Empanelled Hospital in Jaipur 2018
  3. CGHS Empanelled Hospital in Delhi/NCR 2018
  4. CGHS Empanelled Hospital in Jabalpur

Filed Under: Bank Employees News

HOT NEWS

Latest 7th Pay Commission 

E Mail update click here

7th CPC Pay Calculator

Allowance 7th CPC 

Expected DA Calculator 

Latest OROP News 

Salary chart GDS Employees

State Govt DA

Railway Board Order 

Latest DOPT Order 

 

GET FREE EMAIL UPDATES

Sign up to receive email updates daily and to hear what's going on with us!




Recent Posts

  • PCDA Circular No. 617 – Revision of pension of pre-01.01.2016 pensioners/ family pensioners in implementation of Govt. decision on the recommendations of the 7th Central Pay Commission on notional pay fixation method
  • 7th Pay Commission Facilities to Children of Martyrs
  • PFRDA – Guaranteed Pension to the Central Government Employees governed under NPS
  • Defence Order – Relaxation of Rules for Medical Claims in excess of approved rates under ECHS
  • CGHS Circular – Areas covered under CGHS Wellness Centre Dwarka Sector-23

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

   

 

 

HOT NEWS

   
 
 

GET FREE EMAIL UPDATES

Sign up to receive email updates daily and to hear what's going on with us!

Pay Matrix Level – 1

Pay Matrix Level – 9

Pay Matrix Level – 2

Pay Matrix Level – 10

Pay Matrix Level – 3

Pay Matrix Level – 11

Pay Matrix Level – 4

Pay Matrix Level – 12

Pay Matrix Level – 5

Pay Matrix Level – 13

Pay Matrix Level – 6

Pay Matrix Level – 13A

Pay Matrix Level – 7

Pay Matrix Level – 14

Pay Matrix Level – 8

Pay Matrix Level – 15

Disclaimer

The content of Geod.in is for general information purposes only and does not constitute ......

Footer




Web
Analytics


Archives

Copyright © 2019     www.geod.in