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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*********

Sunday, November 1, 2020

11th BPS wef 01-11-2017* Details for workman

*11th BPS wef 01-11-2017*

* Cost:
Payslip component (2017): 52655 Cr. 15% increase: 7898 (Officers:4513 + Award:3385)
Basic+DA in 52655: 46187
Load in basic 2.50%: 1155 Cr

* Basic: DA merger at 47.80%  (6352 points, 478/516 Merged slabs, 01-11-2016) + Load 2.5% of 46.90% (DA in Mar-2017). 
Effect: 1.515 times increase in Basic.
In 10th BPS, only 2% load in basic.

* Old DA:
01-11-2017: 516 Slabs * 0.10 paise per slab = 51.60%
01-11-2020: 818 Slabs * 0.10 = 81.80%

New DA: 
01-11-2017: 516 - 478 = 38 Slabs * 0.07 = 2.66%
01-11-2020: 818 - 478 = 340 Slabs * 0.07 = 23.80%

* SA (Spl Allowance): 16.40 % Award (from present 7.75%) +  Transport Allowance with DA --> Effect: 18% SA

SA: 16.40% I to III (from present 7.75%)

SA: 19% IV & V (from present 10%).

SA: 20% VI & VI (from present 11%)

* One additional stagnation increment for Substaff, Clerical, Officers (some scale) as it will lead to higher basic --> higher pension.

* One addl Saturday holiday (5th Sat) (To be approved by Govt)

* 1.515 times of PQP, FPP, Spl Pay (with increased passing powers)
HRA: 11% for all centres, all India
CCA: Same % with higher CCA Max cap

* New Area Allowance for Non-CCA posting to encourage/compensate.

* New PL Encash: Calendar year: 5 or 7 (Age:55+) days

* Non-NPS: Bank PF:(10% of basic 66070 = 6607) + Bank Pension: (10% of  66070 = 6607) = 20% of basic 66070 = 13,214

NPS: Bank 14% of (Basic 66070 + DA: 81.80% 54045 =) 120115 = 16816

* Employee: (No change) PF: 10% & NPS 10% (Basic+DA)

* Medical Cert Basis (Award): 12000 from present 8000

* Substaff Basic:
14500 - 500/4 - 615/5 - 740/4 - 870/3 - 1000/3 - 28145

* Award Basic: (9 Stagnation increment, Uniform periodicity 2 yrs) 17900 - 1000/3 - 1230/3 - 1490/4
(1730/7 - 3270/1 - 1990/1 - 47920)

* Officer Basic: 36000 to 129000

 * PLI (Performance Linked Incentive) Days: 0/5/10/15

* Family Pension Updation: 30% of Last Basic Salary

* Pension updation: like RBI before 30-12-2020 / 30-04-2021

* Why Pension Updation:
After 15 yrs, at age:75, Top level staff pension will be less than present Substaff pension.
Eg. DGM Basic pension in 1986: Rs.2500 (No revision for 35 yrs)

GM pension (1992-1997): 7125, (1997-2002):10650

Substaff pension (2007-2012): 7075, (2012-2017): 11893

* Pension Fund:  Needed till 2090 as XXX joined at Age:20 in Jan-2008 will retire at Age:60 in 2048... has to get pension till Age:100 in 2088.

5 comments:

Krishan said...

What about DA on Special allowance

Unknown said...

What will be medical aid?? As of now it's only 2200/-

Anonymous said...

When everything is fixed, y joint note is not getting signed. I think till court cases are resolved, nothing will happen.

Aniruddha Mukherjee said...

Shall we receive d. A. On special allowance? There are some doubt as not explain clearly.

Unknown said...

Language is very much unclear.I think spl.all.16.4+da on transport all.reflect 18 means no da on spl.allowance.

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