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Dearness Relief to Bank Pensioners from Aug 2024 to Jan 2025 after DR Neutralization: IBA Order

By
igeadmin
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Dearness Relief to Bank Pensioners from Aug 2024 to Jan 2025 after DR Neutralization: IBA Order

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2024-25/1320
August 7, 2024

Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension

Dear Sir/ Madam,

Dearness Relief payable to Pensioners for the period August 2024 to January 2025

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers for the quarter ended June 2024 are as follows:-

Month & Year1960 = 100 series2016 = 100 series
April 20249163.96139.4
May 20249196.83139.9
June 20249295.44141.4
CPI Average92 18.74140.23

In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.

Further, we draw your attention to our circular HR&IR/MBR/G2/0533 dated 16.10.2023, wherein we have communicated about DR neutralization for pre 01.11.2002 retirees and family pensioners. The amount of ex-gratia to be paid, to a group of pensioners, was also mentioned therein.

Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period August 2024 to January 2025 as per Annexure.

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

Annexure

PART-I
Dearness Relief to pensioners who retired on or after 1st day of January,1986, but before the 1st day of November,1992/1st July, 1993
Average Index (CPI) for quarter ended June 2024 9218.74
No. of Slabs 2154
Rate of dearness relief on pension for the months August 2024 to January 2025 1443.18% of basic pension
(iqnore decimals from 3rd place onwards)
PART-II
Dearness Relief to pensioners who retired on or after 1st day of November,1992/1st July, 1993
Average Index (CPI) for quarter ended June 2024 9218.74
No. of Slabs 2017
Rate of dearness relief on pension for the months August 2024 to January 2025 705.95% of basic pension
 (ignore decimals from 3rd place onwards)

 

 
PART-III
Dearness Relief to pensioners who retired on or after 1st day of April,1998.
Average Index (CPI) for quarter ended June 2024 9218.74
No. of Slabs 1883
Rate of dearness relief on pension for the months August 2024 to January 2025 451.92% of basic pension
(ignore decimals from 3rd place onwards)

 

 
PART-IV
Dearness Relief to pensioners who retired on or after 1st day of November, 2002.
Average Index (CPI) for quarter ended June 2024 9218.74
No. of Slabs 1732
Rate of dearness relief on pension for the months August 2024 to January 2025 311.76% of basic pension
(iqnore decimals from 3rd place onwards)

 

PART-V
Dearness Relief to pensioners who retired on or after 1st day of November,2007 .
Average Index (CPI) for quarter ended June 2024 9218.74
No. of Slabs 1595
Rate of dearness relief on pension for the months August  2024 to Januarv 2025 239.25% of basic pension
(iqnore decimals from 3rd place onwards)

 

PART-VI
Dearness Relief to pensioners who retired on or after 1st day of November,2012 .
Average Index (CPI) for quarter ended June 2024 9218.74
No. of Slabs 1194
Rate of dearness relief on pension for the months August 2024 to January 2025 119.40 % of basic pension
(ignore decimals from 3rd place onwards)

 

PART-VII
Dearness Relief to pensioners who retired on or after 1st day of November, 2017.
Average Index (CPI) for quarter ended June 2024 9218.74
No. of Slabs 716
Rate of dearness relief on pension for the months August   2024 to January 2025 50.12 % of basic pension
(ignore decimals from 3rd place onwards)

 

PART-VIII
Dearness Relief to pensioners who retired on or after 1st day of November, 2022
Average Index (CPI) for quarter ended June 2024 140.23
No.of Points 17.20
Rate of dearness relief on pension for the months August   2024 to January 2025 17.20% of basic pension
(ignore decimals from 3rd place onwards)

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Dearness Relief from Aug 2024 to Jan 2025 to surviving pre 1.1.1986 retirees of banks

By
igeadmin
-

Dearness Relief from Aug 2024 to Jan 2025 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2024-25/1321
August 7, 2024

Designated Officers of all Nationalised Banks and State Bank of India

Dear Sir/Madam,

Dearness Relief payable for the period August 2024 to January 2025 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Economic Affairs (Banking Division) letter F.No.11/2/2012-IR dated 17.12.2013, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period August 2024 to January 2025 on Ex-gratia will be as under:

Applicable CPI Average   Amount of Ex-gratia per month Rates of Dearness Relief Amount of Dearness Relief per month Total Ex-gratia amount including Dearness Relief per month
9122.33 Pre 1.1.86 Retirees 350 1443.18 5051.13 5401.13
Surviving spouses of pre1.1.86 retirees 175 1443.18 2525.57 2700.57

2. However, you may be guided by IBA circular HR&IR/MBR/743/2022-23/11722 dated February 7, 2023, wherein we have sent an advisory to Banks, to consider additional ex-gratia payment over and above the amount being paid as per DFS guidelines so as to ensure that the surviving pre 1986 retired employee / surviving spouse of pre 1986 retired employee get a minimum of Rs.10000/- per month as Ex-gratia.

Yours faithfully,

(Brajeshwar Sharma)
Senior Advisor (HR&IR)

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Dearness Relief to Bank Pensioners from Aug 2024 to Jan 2025 – DR neutralization for pre-November 2002 retirees

By
igeadmin
-

Dearness Relief to Bank Pensioners from Aug 2024 to Jan 2025 – DR neutralization for pre-November 2002 retirees

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2024-25/ 1322
August 7, 2024

Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension

Dear Sir/ Madam,

Dearness Relief payable to Pensioners for the period August 2024 to January 2025

Please refer to our Circular No.CIR/HR&IR/D/G2/2024-25/1320 dated 7.08.2024, wherein we had provided the rates at which Dearness Relief payable to Pensioners / family pensioners, for the period of August 2024 to January 2025, after implementation of DR neutralization for pre-November 2002 retirees / family pensioners.

2.To facilitate those who are yet to implement our letter HR& IR/MBR/02 /0533 dated 16.10.2023, in addition to the contents of our above mentioned circular dated 07.08.2024, they may pay on ad hoc basis (Pending amendments to Pension Regulations), the Dearness Relief payable to pensioners for the period August 2024 to January 2025 as per Annexure-I

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

Annexure I

PART- I
Dearness Relief to pensioners who retired on or after 1st day of January ,1986, but before the 1st day of November,1992/1st July, 1993
BASIC PENSION Dearness relief for the months August 2024 to January 2025 Slabs
2154
Average Index 9218.74
 (i)  Upto Rs.1250  1443.18 per cent.+ Rs. 800/-
(ii) Rs.1251 to Rs.2000 1184.70 per cent.+ Rs. 450/-
(iii) Rs.2001 to Rs.2130 710.82 per cent.
(iv) Above Rs.2130 366.18 per cent.
PART- II
Dearness Relief to pensioners who retired on or after 1st day of November,1992/1st July, 1993
BASIC PENSION Dearness relief for the months August 2024 to January 2025 Slabs
2017
Average Index 9218.74
 (i)  Upto Rs.2400  705.95 per cent + Rs. 800/-
(ii) Rs.2401 to Rs.3850 584.93 per cent + Rs. 450/-
(iii) Rs.3851 to Rs.4100 342.89 per cent
(iv) Above Rs.4100 181.53 per cent

 

 PART- III
 Dearness Relief to pensioners who retired on or after 1st day of April,1998.
BASIC PENSION Dearness relief for the months August 2024 to January 2025 Slabs
1883
Average Index 9218.74
(i) Upto Rs.3550 451 .92 per cent. + Rs. 800/-
(ii) Rs.3551 to Rs.5650 376.60 percent + Rs. 450/-
(iii) Rs.5651to Rs.6010 225.96 percent
(iv) Above Rs.6010

112.98 percent

 

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DA for Bank Employees from Aug 2024 to Oct 2024 as per 12th BPS– IBA ORDER

By
igeadmin
-

DA for Bank Employees from Aug 2024 to Oct 2024 as per 12th BPS– IBA ORDER

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2024-25/1318
August 7, 2024

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September and October 2024 under XII BPS/ 9TH Joint Note dated 08.03.2024

The confirmed All India Average Consumer Price Index for Industrial Workers (Base 2016 =100) for the quarter ended June 2024 are as follows:-

April 2024 – 139.4
May 2024 – 139.9
June 2024 – 141.4

The average CPI of the above is 140.23 and accordingly the number of points over 123.03 are 17.20 (140.23 – 123.03) The last average quarterly CPI was 139. Hence, there is an increase of 1.23 points for August, September & October 2024.

Also check : DA Calculator for Bank Employees

In terms of clause 13 of the 12th Bipartite Settlement dated 08.03.2024 and clause 2 (i) of the Joint Note dated 08.03.2024, the rate of Dearness Allowance payable to Workmen and Officer employees for the months of August, September & October 2024 shall be 17.20% of ‘pay’ (0.01% change in DA on ‘pay’ for change in every second decimal place of CPI 2016 over 123.03 points)

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

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Financial Assistance to Families of Soldiers: Proposal under consideration for division of Family Pension between spouse and parents

By
igeadmin
-

Financial Assistance to Families of Soldiers: Proposal under consideration for division of Family Pension between spouse and parents Proposal under consideration

GOVERNMENT OF INDIA
MINISTRY OF DEFENCE
DEPARTMENT OF MILITARY AFFAIRS

LOK SABHA
UNSTARRED QUESTION NO. 3207
TO BE ANSWERED ON 09th August, 2024

FINANCIAL ASSISTANCE TO FAMILIES OF SOLDIERS

3207 SHRI IMRAN MASOOD:

Will the Minister of DEFENCE be pleased to state:

(a) whether it is a fact that parents of soldiers have demanded for amendment to the law made for financial assistance for the members of their families in case of death of soldiers;

(b) if so, the action taken by the Government thereon;

(c) whether the Government proposes to amend laws made for financial assistance; and

(d) if so, the details thereof and if not, the reasons therefor?

A N S W E R

MINISTER OF STATE (SHRI SANJAY SETH) IN THE MINISTRY OF DEFENCE

(a) to (d): Yes, Sir. A proposal for division of family pension between the spouse and parents has been received, which is under consideration.

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18 Month DA Arrears Not Feasible: Government Decision Explained [Rajya Sabha QA]

By
igeadmin
-

18 Month DA Arrears Not Feasible: Government Decision Explained [Rajya Sabha QA]

Government of India
Ministry of Finance
Department of Expenditure

Rajya Sabha
Unstarred Question No. 1685
To be answered on Tuesday, 6th August, 2024
Shraavana 15, 1946 (Saka)

Release of 18 months DA withheld during COVID

1685: Shri Javed Ali Khan
Shri Ram Ji Lal Suman:

Question
Will the Minister of Finance be pleased to state:

(a) whether the Government is actively considering to release 18 months Dearness Allowance/Relief of Central Government Employees/Pensioners which was withheld during Covid outbreak;

(b) if so, the details thereof;

(c) if not, the reasons for not releasing the same when the economy is third largest in the world;

(d) the details of representations received in this regard during 2024 till date and the action taken thereon, representation-wise?

Answer
Minister of State in the Ministry of Finance .
(Shri Pankaj Chaudhary)

(a) No.

(b) Does not arise.

(c)&(d) The decision to freeze three installments of Dearness Allowance {(DA)/Dearness Relief (DR) to Central Government employees/pensioners due from 01.01.2020, 01.07.2020 & 01.01.2021 was taken in the context of COVID-19, which caused economic disruption, so as to ease pressure on Government finances. Representations have been received during 2024 from Government employees’ associations including the National Council of Joint Consultative Machinery (NCJCM). As the adverse financial impact of pandemic in 2020 and the financing of welfare measures taken by Government had a fiscal spill over beyond FY 2020-21, arrears of DA/DR were not considered feasible.

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AICPIN for June 2024 Released: 3% DA Hike Expected from July 2024

By
igeadmin
-

AICPIN for June 2024 Released: 3% DA Hike Expected from July 2024

Consumer Price Index for Industrial Workers (2016=100) – June, 2024

The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index for the months of June, 2024 is being released in this press release.

The All-India CPI-IW for June, 2024 increased by 1.5 point and stood at 141.4 (one hundred forty one point four).

Also Check

DA Calculator from Jan 2024

DA Calculation Sheet

Year-on-year inflation for the month of June, 2024 moderated to 3.67% as compared to 5.57% in June, 2023.

Y-o-Y Inflation based on CPI-IW (General)

All-India Group-wise CPI-IW for May, 2024 and June, 2024:

Sr. No.Groups     May, 2024June, 2024
IFood & Beverages145.2148.7
IIPan, Supari, Tobacco & Intoxicants161.2161.6
IIIClothing & Footwear143.6144.2
IVHousing128.4128.4
VFuel & Light149.5148.8
VIMiscellaneous136.1136.3
 General Index139.9141.4

CPI-IW: Groups Indices

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Restoration of OPS – Representations for OPS Restoration Submitted to pension review Committee: Lok Sabha QA

By
igeadmin
-

Restoration of OPS – Representations for OPS Restoration Submitted to pension review Committee

Ministry of Finance
Department of Expenditure
LOK SABHA
UNSTARRED QUESTION NO.2072
TO BE ANSWERED ON MONDAY, AUGUST 5, 2024/ /14 SHRAVANA, 1946 (SAKA)

RESTORATION OF OPS

QUESTION

2072: Shri Raja A:
Shri S Venkatesan:
Shri Anand Bhadauria:

Will the Minister of FINANCE be pleased to state:

(a) whether a Committee was set up under the chairmanship of Shri Somanathan, Secretary Finance to study the issues related to National Pension Scheme and suggest improvements;

(b) if so, the details thereof and if not, the reasons for delay along with the current status of the said committee;

(c) whether the report has been submitted by the Committee;

(d) whether the Government Employees Associations have been struggling and also demanding restoration of Old Pension Scheme instead of contributory pension scheme and if so, the response of the Government thereto;

(e) whether it is a fact that some State Governments have also restored OPS for their employees and if so, the details thereof; and

(f) whether the Government is not in favour of restoring OPS to its Government servants and if so, the reasons therefor?

ANSWER
MINISTER OF STATE FOR FINANCE
(SHRI PANKAJ CHOUDHARY)

(a), (b) & (f): Yes. In pursuance of the announcement made by the Finance Minister in the Lok Sabha on 24.03.2023, the Central Government has constituted a Committee being chaired by the Finance Secretary. The composition and Terms of Reference of the Committee are as under:

Composition:

i. Finance Secretary & Secretary (Expenditure) : Chairman
ii. Secretary, Department of Personnel & Training, Ministry of Personnel, Public Grievances and Pensions : Member
iii. Additional Secretary (Pers), Department of Expenditure, Ministry of Finance : Member
iv. Chairman, Pension Fund Regulatory & Development Authority (PFRDA) : Member

Terms of Reference

i. Whether in the light of the existing framework and structure of the National Pension System, as applicable to Government employees, any changes therein are warranted;

ii. If so, to suggest such measures as are appropriate to modify the same with a view to improving upon the pensionary benefits of Government employees covered under the National Pension System, keeping in view the fiscal implications and impact on overall budgetary space, so that fiscal prudence is maintained to protect the common citizens.

(c) The Committee has made considerable progress in its work but has not submitted its final report.

(d) Representations have been received from time to time to restore OPS. The same are placed before the Committee constituted to review the pension system.

(e) State Governments of Rajasthan, Chhatisgarh, Jharkhand, Punjab and Himachal Pradesh have informed the Central Government/PFRDA about their decision to restart Old Pension Scheme (OPS) for their State Government employees. However, Government of Punjab continues to make contributions to the National Pension System.

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Irregular Drawal of Transport Allowance by Level-14 and Above Officers: Dept of Posts O.M

By
igeadmin
-

Irregular Drawal of Transport Allowance by Level-14 and Above Officers

PP-161112021-PAP-DOP
Government of India
Ministry of Communications
Department of Posts
(Establishment Division)
P.A.P. Section

Dak Bhawan, Sansad Marg.
New Delhi-110001
Date 31st July, 2024.

Office Memorandum

Sub: Instructions on drawl of Transport Allowance in lieu of staff car facility for officers of the Level-14 and above of the pay matrix – regarding.

The attention of all concerned is drawn towards the instructions contained in Department of Expenditure O. M. No. 21/5/2017-E.II(B) dated 07.07.2017, which. inter-alia. provide that the officers drawing pay in Level 14 and above in the Pay Matrix. who are entitled to use of official car in terms of DoE’s O. M. No. 20(5)- E.1(A)/93 dated 28.01.1994 [read with O.M. No. 18(23).E.Coord/2021 dated 01.09.2022] have an option to draw the Transport Allowance after the same has been examined by the Administrative Ministry and their entitlement to the use of official car is certified by the competent authority.

2 . It has. however. been noticed that some of the officers of the Department in the Level-14 of Pay Matrix and above. who are entitled to use of official car start drawing the Transport Allowance without their options being examined by the Administrative Ministry (Directorate) and later. these cases are forwarded to the Directorate for ex post facto approval. The drawl of the transport allowance, pending the approval of the competent authority, is completely irregular and should be avoided.

3. It is. therefore. enjoined upon theDDOs concerned to ensure that no irregular drawl of transport allowance, in the manner mentioned above, is made to the officers concerned pending approval of the competent authority. All the officers of the Department in level 14 of Pay Matrix and above are also to ensure that they do not draw transport allowance in lieu of staff car facility till their options are examined by the Directorate and their entitlement to this effect is certified by the competent authority in accordance with extant instructions on the subject.

This issues with the approval of Member (P).

Signed by
Ravi Pahwa
Assistant Director General (GDS/PCC/PAP)

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Participation of the Government Servants in RSSS activities: DOPT O.M

By
igeadmin
-

Participation of the Government Servants in RSSS activities: DOPT O.M

F.No. 3401311(S)/2016-Estt (B)
Government of India
Ministry of Personnel , Public Grievances and Pension
Department of Personnel and Training

New Delhi the 9th July,2024

OFFICE MEMORANDUM

Subject: Participation of the Government servants in the activities of RSSS – regarding

The undersigned is directed to refer to the OM.No.3/10(S)/66-Estt.(B) dated 30.11.1966, OM No. 7/4/70-Est.(B) dated 25.07.1970 and OM No. 15014/3(S)/80- Estt.(B) dated 28.10.1980 on the above subject.

2. The aforesaid instructions have been reviewed and it has been decided to remove the mention of Rashtriya Swayam Sewak Sangh (R.S.S.S) from the impugned OMs dated 30.11.1966, 25.07.1970 and 28.10.1980.

3. This issues with the approval of Competent Authority.

(Vimal)
Deputy Secretary to the Government of India

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