Government approves 100% DA for pre-November 2002 pensioners: MoU signed between IBA and UFBU
Government approves 100% DA for pre-November, 2002 pensioners as per the MoU signed by UFBU with IBA on 28-7-2023. It will be effective from 1st October, 2023.
Unions are aware that as compared to the earlier DA scheme with ceilings and tapered percentage, UFBU achieved 100% DA compensation without any ceiling under the 8th Bipartite Settlement i.e. from 1-11-2002. Unions had demanding that this benefit may be extended to pensioners who had retired from the Banks prior to November, 2002.
Unfortunately, the issue was dragged into litigation. During the signing of 10th Bipartite Settlement in May, 2015, Unions signed the Record Note in which demanded extension of 100% DA for pre-November, 2002 pensioners. IBA did not agree to this demand on the plea that the issue was sub-judice. Later, Supreme Court declined to accept this demand and hence there was a set back to the demand.
IBA took a positive view and UFBU signed the MoU on 28-7-2023 by which IBA agreed to the demand and to implement it after approval from the Government as under:
| For all pensioners and family pensioners relating to period prior to 1st November, 2002 | DA rates will be on uniform basis of 100% neutralization as in the case of employees/ officers/ pensioners’/ family pensioners of period on and from 1st November, 2002 as provided herein below For those pensioners’/family pensioners of period 1-1-1986 to 31-10-1992/30-6-1993, DA shall be at the uniform rate of 0.67% per slab over 600 points. For those pensioners’/family pensioners of period 1-11-1992/1-7-1993 to 31-3-1998, DA shall be at the uniform rate of 0.35% per slab over 1148 points. For those pensioners’/family pensioners of period 1-4-1998 to 31-10-2002, DA shall be at the uniform rate of0.24% per slab over 1684 points. |
| For Pensioners/Family Pensioners of the period from 01.01.1986 to 31.10.1992/30.06.1993 For Basic Pension/Family Pension upto Rs. 1250/- For Basic Pension/Family Pension from Rs. 1251/- and upto Rs. 2000/- |
Ex gratia of Rs. 800/- per month Ex gratia of Rs. 450/- per month |
| For Pensioners/Family Pensioners of the period from 01.11.1992/01.07.1993 to 31.03.1998 For Basic Pension/Family Pension upto Rs. 2400/- For Basic Pension/Family Pension from Rs. 2401/- and upto Rs. 3850/- |
Ex gratia of Rs. 800/- per month Ex gratia of Rs. 450/- per month |
| For Pensioners/Family Pensioners of the period from 01.04.1998 to 31.10.2002 For Basic Pension/Family Pension upto Rs. 3550/- For Basic Pension/Family Pension from Rs. 3551/- and upto Rs. 5650/ |
Ex gratia of Rs. 800/- per month Ex gratia of Rs. 450/- per month |
The Government, the Dept. of Financial Service, Ministry of Finance has given its approval to implement the above benefit with effect from 1st October, 2023.
This would benefit about 1,80,000 pensioners who retired from the Banks including from SBI prior to 1-11-2002.
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