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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, July 24, 2021

A staff retired on 1969 with a basic pension Rs 275/ but till not revisef

A FLASHBACK:
I joined my bank on 22.09.1969  in area III of an 'A'-Class Bank. The starting basic pay for a non-graduate clerk was just Rs.132/-, as per the 1st Bipartite. Area II staff got two advance increments compared with Area III people. [Later on, in further Settlements the concept of HRA, CCA came into effect and the advance increment practice dropped].

During the 2nd Bipartite Settlement signed on 12.10.1970, the classification of Centers like the area I to III dropped with a uniform pay came into effect. The revised starting basic pay for a non-graduate revised to Rs.170/-. It contained 20 increments. Nothing like a Stagnation Increment at that time. 

Now, in the 11the Bipartite, it is Rs.17,900/- for a non-graduate clerk. It now contains 20 increments plus 9 stagnation increments.
 
HOWEVER, FOR RETIRED STAFF, THE BASIC PENSION REMAINS THE SAME, UNTIL UPDATING OF PENSION DEMAND IS FULFILLED

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