PENSION UPDATION AND 100% DA - DO NOT GET DISHEARTENED
===========================================
In today’s hearing, The Supreme Court has given 3 months’ time. The IBA has to report by that time. If the finalization of the report is not completed by then, the IBA should submit an interim report.
Reliable sources indicate that, at least, the 100% DA matter may be announced before 31/03/2022. The number of cases of pre-2002 retirees are less in numbers and the cost load for this will not be high. Hence this matter may well be resolved. Please remember the conversation of the New IBA Chairman a few weeks before when he said that “the Pension Updation matters will be done by 31/03/2022.”
As this year the Public Section Banks are doing well as far as profitability is concerned. Hence the capacity to take care of the Cost Load will be good. Hence by 31st March 2022 the announcement on Pension Updation is also high.
No comments:
Post a Comment