PARITY OF PENSION TO RETIRED FAMILY PENSIONERS OF PUBLIC SECTOR BANKS

PARITY OF PENSION TO RETIRED FAMILY PENSIONERS OF PUBLIC SECTOR BANKS.

--------------------------------------------------------------------

shown in the chart below, is the reason why the Pension of retirees of Public Sector Banks be reviewed and paid in accordance with corresponding revised scales for the rank they once belonged to at the time of their retirement.

From the chart below, it is clear that those who have retired from the services of the Bank prior to November 1992, the spouse, who is family pension holder in such cases, if alive, are getting a meagre amount of Rs.1250/- per month, i.e. near about Rs.42 per day, with which he or she, could not afford even two cups of tea per day.

Not much difference in the cases of post November '92 pensioners and family pensioners.

Interestingly, such pension amount is not to be given curtailing part of Banks revenue or income, but from his own PF kitty, which retired bankers handed over to employer for repayment at subsequent monthly intervals, and that to for his living. 

I hope, learned members,  would like to throw light on the subject.