What is 100% DA Neutralization ?**How much will be the benefit of retiree ?*

*What is 100% DA Neutralization ?*

*On whom will it apply, on whom not ?*

*How much will be the benefit ?*

Friends are asking many different questions again and again. Recently a call from a retired friend that भाई धर्म, nowadays there is a lot of emphasis on 100% DA Neutralization, how much will the retirees of 2017 benefit ? Most of the retirees are wel aware, yet some friends are unaware with the 100% DA theory.

Today, on the चाय पर चर्चा , let's discuss in detail on *100% DA Neutralization*.......

Based on consumer price index CPI = 100 point of 1960, a formula according to which inflation increases or decreases Under this, dearness allowance is approved for retirees and working employees by making a slab.

After years of struggle, an agreement was reached between IBA and UFBU in 2005, according to which all the retirees after 1-11-2002 will get 100% DA but before 2002, the retirees will get DA according to the old calculation i.e. basic pension. . Once again the retirees were cheated and discriminated against.

The retirees were divided into two parts. *Retirees before 2002 and retirees after 2002*, so that the retirees are divided among themselves. All this was done under a definite plan and conspiracy. This program is still running today.

Retirees' unions have been demanding a uniform DA rate on the entire basic pension, which is known as 100 per cent DA neutralisation.

Therefore it is important to understand the 100% DA case completely.

*Which are the retirees at present who are getting 100% dearness allowance?*

*(1)* All categories of employees who are in the service of the Bank.

*(2)* All retirees who retired from the Bank's service on or after November 1, 2002.

*(3)* Pensioners who retired between *01.01.1986 and 31.10.1992* and get basic pension up to *1250/- Rs.

*(4)* Pensioners who retired between *01.11.92 and 31.03.1998* and draw basic pension up to *Rs.2400/-*.

*(5)* Pensioners who retired between *01.04.1998 and 31.10.2002* and get Basic Pension up to *Rs3550/-*

*(6)* Virtually all family pensioners.

*Retirees who do not get 100% DA neutralization*

--The following three categories of retirees currently do not get 100 per cent dearness allowance

*(1)* who retired between *01.01.1986 and 31.10.1992* and get basic pension more than *1250/-* -

*(2)* who retired between *01.11.1992 and 31.03.1998* and get basic pension more than *2400/-*

*(3)* who retired between *01.04.1998 and 31.10.2002* and draw basic pension more than *3550/-*.

Now the picture is clear in front of you of which retirees before 2002 get what % of DA.

IBA circular dated 1-2-2023 for DA February- September:--

*DA upto July 92* @ *1357.42%*

Pension Upto 1250 *100%*

1251 to 2000 @ *93.28%*

2001 to 2130 *90.60%*

Above 2130 *84.25%*

*DA 1992 to 1998* @ *661.15%*

Pension upto 2400 *100%*

2401 to 3850 *93.54%*

3851 to 4100 *90.80%*

Above 4100 *86.36%*

*DA 1998 to 2002* @ *421.20%*

Pension upto 3550 *100%*

3551 to 5650 *93.80%.*

5651 to 6010 *91.18%*

Above 6010 *85.63%*

*2002-2007* @ *288.72%* *100%*

*2007-2012* @ *220.05%* *100%*

*2012-2017* @ *106.06%* *100%*

*2017 onward @ *42.06%* *100%*

Such pensioners who do not get 100% DA Neutralization are about 15%to 20% of the total retirees before 2002. Because earlier the ratio of officers and award staff was high (1 officer: 3 or 4 clerks and peons).In this way, according to the basic pension, all types of clerks and sub-staff 100% DA Neutralization is being achieved. Even then, for the most senior clerk, the maximum benefit from 100% DA Neutralization will be around Rs.600/-, but such retirees are also very less. For example...In officers Cadre- Scale 3 retirees are likely to get a benefit of around Rs.3500/-.

*चलते चलते*

100% DA Neutralization is being given to all the retirees after 1.11.2002. Only and only before 31.10.2002 the retirees are waiting to get their lost rights. Means the retirees of 80 years and above, who are left in number are around 30 to 35 thousand, In view of the present polluted environment, our retirees are called the backbone of the banking industry. *Struggle in their heart and still keep a smiling face,* With 100%DA neutralization and pension updation frustrations are slowly reducing.

Friends, one thing is certain that *pension updation is not possible without 100% DA neutralization solution.* Some leaders who have opposing and negative thinking for pensioners, apart from the RBI formula for pension updation, other options like *pension updation with 6352 DA Merger and DA Neutralization are being chanted, which will prove to be very harmful.*

Will discuss how much loss/ harmful in detail next time with the *चाय की चुसकी.....*

Be healthy, Be positive, Be alert and Be hopeful...