THEIR PENSION IS BEING RE_FIXED ON THEIR LAST DRAWN
ACTUAL BASIC PAY ON 40%/50% BASIS. SO, THEY ARE GETTING
ARREARS w.e.f. 1.5.2005.
1. In COURT case of SBI Pensioners Federation, WPC 1875 / 2013, Govt
had appointed a Committee whose recommendations have been
approved by Govt./RBI
2.A copy of Govt letter is attached.
3. 5th Bipertite Pay Settlement (Jan 87 to Oct 92),
6th BPS (Nov 92 to March 98), and 7th BPS (April, 98 to Oct 2002), are MAIN
BENEFICIARIES OF RECOMMENDATIONS. Increase ranges ROUGHLY between Rs.1500 to Rs.2500
per month (based on April, 2017
4. Pensioners Federation had approached Bank for AD HOC release of 90% of arrears which
has been accepted by Bank.
5. Arrears are being credited to Pension Account in a phased manner on DAILY BASIS as
large number of 40,000 beneficiaries are there.
So, WAIT FOR YOUR CREDIT PATIENTLY.
6. A chart showing approx amount of arrears is attached,
(Based on peace meal information available.)
E. & O. E.
PLEASE ADVICE WHEN YOU RECEIVE CREDIT,
WITH YOUR SCALE, DATE OF RETIREMENT AND AMOUNT
FOR THE BENEFIT OF OTHERS