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LATEST CENTRAL GOVERNMENT EMPLYOEES NEWS
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LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
Revised Rate 34% DR Order for Central Government Pensioners and Family Pensioners from 1.1.2022
Annual Increment Due on 1st July to the Employees Retiring on 30th June
Notional Increment on the Day of Superannuation
FR 56(j) of CCS (Pension) Rules age of 50 years or on Completion of 30 years of Service
Coverage under CCS (Pension) Rules CG employees appointment before and after 01-01-2004

Dearness Relief for Bank Pensioners 7.7% increase from February 2021 to July 2021

February 2, 2021

Bank Pensioners – An increase of 77 Slabs for the half year February to July 2021

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No. CIR / HR& IR / D/G2 / 2020-21 / 9589 February 1, 2021

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 February 2021 to July 2021

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2020 are as follows:-

Month Index nos.
base 2016=100
(X)
Index nos
base 2001=100
(X* 2.88)
Index nos
base 1960=100
(X*2.88*4.63*4.93)
October 2020 119.5 344.16 7855.76
November 2020 119.9 345.31 7882.07
December 2020 118.8 342.14 7809.74

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.

Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 2021 to July 202 las per Annexure.

Yours faithfully,

SD/-

S K Kakkar
Senior Advisor (HR & IR)

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Also Read: Bank Employees Dearness Allowance Payable from 1st February 2021 to 30th April 2021

I) Based on the quarterly average of 7848, the increase in DR Rate effective for the half year February 21 to July 21 comes to 77 slabs (7.7% increase) and total DR works out to 85.2% of Basic Pension for the pensioners, (other than family Pensioners), who are being paid Dearness relief on CPI = 4440,

II) The Dearness Relief in respect of all family pensioners who are being paid DR based on CPI = 2836 will be 187.95% of Family Pension.

Rate of Dearness Relief in respect of ex-gratia recipients: 1214.04 %

III) The in service employees will get 33 slabs more.

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  4. Indian Banks Association – Dearness Relief payable to Pensioners for the period February to July, 2016
  5. IBA – Dearness Relief payable for the period February to July, 2016 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
  6. Bank Employees DA from August 2020
  7. Bank Employees DA from Nov 2020 to Jan 2021
  8. Dearness Relief payable to Pensioners for the period August 2018 to January 2019
  9. DA for Bank Employees from February 2020
  10. DA For Bank Employees From May 2020

ALLOWANCE NEWS

5th CPC Dearness Relief Order for CPF Beneficiaries from 01.01.2022

32% DR to Central Freedom Fighter Pensioners from 01.01.2022

203% DA to CPSE Employees CDA Pattern from 1.1.2022 as per 6th CPC Pay Scales

Dress Allowance for Defence Personnel Joining Service After 1st July – MHA Order

34% DA to CPSE Employees CDA Pattern from 1.1.2022 as per 7th CPC Pay Scales

GDS Latest News

34 Percent DA Order to GDS Employees wef 1.1.2022

April 12, 2022 By admin Leave a Comment

Revised GDS Online Engagement Process wef 4th Week of January 2022

January 24, 2022 By admin Leave a Comment

Enhancement of Rs. 20,000/- to Rs. 50,000/- to GDS Employees Suffering from COVID-19

November 25, 2021 By admin Leave a Comment

Review of Security Amount to be Furnished by the Gramin Dak Sevaks (GDS)

November 22, 2021 By admin Leave a Comment

Revised 31% DA Order to GDS Employees wef 01.07.2021

November 9, 2021 By admin Leave a Comment

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