Home

DEARNESS ALLOWANCE TO RETIRED PENSIONERS OF BANKS

GOVERNMENT OF INDIA / MINISTRY OF FINANCE / LOK SABHA
UNSTARRED     QUESTION NO    4871
ANSWERED ON      02.09.2011

DEARNESS ALLOWANCE TO RETIRED PENSIONERS OF BANKS

4871 .    Shri KAPIL MUNI KARWARIYA
Will the Minister of FINANCE   –  be pleased to state:-

(a)    whether the Government proposes to provide neutralization of Dearness Allowance hundred per cent to the pensioners of the Public Sector Banks retired prior to November, 2002;
(b)    if so, the details thereof along with the time by which such neutralization of D.A. is likely to be provided such retired employees of the said banks; and
(c)    if not, the reasons therefor ?


ANSWER
The Minister of State in the Ministry of Finance (Shri Namo Narain Meena)
(a):    There is no proposal for neutralization of Dearness Relief to 100% to the pensioners of Public Sector Banks retired prior to November, 2002.
(b):    Do not arise.
(c):    Pension to Bank employees are paid in terms of the Provision of Bank Employees Pension Regulations framed/amended based on settlement / joint note, which do not provide 100% neutralization of Dearness relief to those retired prior to November, 2002.

COMMENTS

WORDPRESS: 0