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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Saturday, August 8, 2020

Proposed Increase in Family Pension as per 11th bipartite see details

 

Proposed Increase in Family Pension

 AIBEA has issued a circular regarding improvement in Family Pension.

Copy of circular and a table of calculation related 10th BPS, and formula for Family Pension is attached here for your reference.


In the table it is stated that Family Pension, for clerk at maximum scale of pay

 i.e.Rs.42020, will increase from Rs.11087 to Rs.22174.

A 100% increase.


According to my calculation it is only 48%.


Let me explain how it is.

As per table new Family Pension amount on Basic Pay of Rs.42020 will be Rs.22174.

Yes, I accept it.

30% of 42020 =12606

D.A for July 2020 at 75.9%= 9568

Total=22174 

O.K


What about present Family Pension?

They have taken 15 % on entire amount of 42020 as basic pension.

That is Rs.6303 

D.A. will be @75.9%=4784

Total=Rs.11087


Here, I differ.

The % of 30%,20%,15% on basic pay should be calculated on slab system as per formula and not on straight line method.


If calculated on slab system, result will be 

Up to 11000@30%=3300

Next 11200@20%=2240

Remaining 19820@15%=2973

Total Basic Pension=8513

D.A @75.9%=6461

Total=Rs.14974


Present family pension of 14974 will become 22174.

Increase will be 48% only.


(This 48% will increase for those whose Basic Pay was more than 42020, particularly officers, as excess amount will fall in 15%slab and that amount will be increased to 30% now) .


Those who are drawing Family Pension may check my calculation and reply.


Purpose of my writing about this calculation is, we should not give false hope to Family Pensioners.


If my calculations are proved wrong, I am ready to accept and correct my understanding.

Image may contain: text that says 'PENSION+ DURING DA FOR THEFAMILY ECEASED JANUARY JULY RETIRED/DIED PAYSCALE) SUBSTAFF PENSION+D PENSION NCREASEIN JULY2020 OFFICER OFFICER SCALE SCALE OEEICER OFFICER OFFICER 23111 FAMILY PENSION PENSION+ THEMIL DURING EXAMPESTAKEN PAYSCALE) JULY SUBSTAFF MARCH TIRED/DIED PENSION+ 92/JULY PROPOSED PENSION OFFICER OFFICER OFFICER 16929 SCALE OFFICER OFFICER 24955 DA FOR MONTH THEFAMILY OFECEASED JULY (EXAMPL PAYSCALE) SUBSTAFF TIRED/DIED PENSION+ PROPOSED PENSION INCREASE OFFICER OFFICER SCALE OFFICER OFFICER OFFICER 20921 24907'

Image may contain: text that says 'FAMILY PENSION DA FOR MONTH OFECEASED JULY (EXAMPLEA PAYSCALE) SUBSTAFF PRESENT PENSION+DA SCALE PROPOSEDFAMILY PENSION OFFICER INCREASEIN OFFICER OFFICER OFFICER 24149 PENSION+ DECEASED (EXAMPESTAKEN RETIRED/DIED PENSION+ PROPOSEDFAMILY SCALE INCREASEI 11631 OFFICER OFFICER OFFICER 23098 DURING 10TH BPS (EXAMPLES TMAX.OF PAYSCALE) SUBSTAFF PRESENT FAMILY PENSION+ PROPOSED FAMILY PENSION INCREASEIN OFFICER OFFICER 11087 OFFICER OFFICER VENKATACHALAM GENERAL SECRETARY'

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