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Friday, November 13, 2015

To the satisfaction of Shri K. Vijayaprasad


Shri K Madan Mohan Rao is right. This is how the IBA addressed the problem. The pension received now by a bank retiree-Scale II Officer- after revision is about Rs. 3000/- less than the pension drawn by him before revision. He retired on 31-03-2013, five months after pay revision from 1st November, 2012 retrospectively.The Leader ABC, when contacted yesterday said to look at the positive side. He may be right that the loss is made up by the enhanced commuted amount received. This may be a soothing factor for the reduced pension that Shri K. Vijayaprasad may get after revision, (almost) as per detailed calculations given by him today. He has also said (confirmed) that his (assumed ) calculations are based on the previous settlement situation. Good. LIC will go by the spirit of the IBA lette
r.
 
Para. 3.2 of GOI letter OM FNo.38/37/08- P&PW(A) dated 02-09-2008 is reproduced below.

" Where pension/ family pension/ gratuity / commutation of pension etc.has already been sanctioned in cases occurring on or after 1-1-2006, the same shall be revised in terms of these orders.

In cases, where pension has been finally sanctioned on the pre revised orders and if it happens to be more beneficial than the pension being due under these orders, the pension already sanctioned shall not be revised to the disadvantage of pensioners in terms of the Rule 70 of the CCS( Pension) Rules, 1972. "

The above mentioned position in GOI, may be addressed by the leaders of in - service employees.

Congrats and thanks to well informed Shri KMMRao.

SN.