Dearness Relief payable to Pensioners for the period August 2021 to January 2022
Indian Bank’s Association
HR & INDUSTRIAL RELATIONS
HR&IR/MBR/D/G2/10196
August 2, 2021
Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension
Dear Sir/ Madam,
Dearness Relief payable to Pensioners for the period August 2021 to January 2022
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2021 are as follows:-
| April | 2021 | 7895.20 |
| May | 2021 | 7828.07 |
| June | 2021 | 8000.39 |
In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995, Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.
| PART- II | ||||
| Dearness Relief to pensioners who retired on or after 1st day of November,1992/1st July, 1993 | ||||
| Dearness relief for the months | Slabs | |||
| BASIC PENSION | August 2021 to January 2022 | 1698 | ||
| Average Index | 7941 | |||
| (i) | Upto Rs.2400 | 594.30 per cent. | ||
| (ii) | Rs.2401 to Rs.3850 | Rs. 14263.20 plus 492.42
of basic pension in excess of Rs.2400.00 |
percent | |
| (iii) | Rs.3851 to Rs.4100 | Rs. 21403.29 plus 288.66
of basic pension in excess of Rs.3850.00 |
percent | |
| (iv) | Above Rs.4100 | Rs. 22124.94 plus 152.82
of basic pension in excess of Rs.4100.00 |
percent | |
|
PART- III |
|||
| Dearness Relief to pensioners who retired on or after 1st day of April,1998. | |||
| Dearness relief for the months Slabs | |||
| BASIC PENSION August 2021 to January 2022 | 1564 | ||
| Average Index 7941 | |||
| (i) | Upto Rs.3550 | 375.36 per cent. | |
| (ii) | Rs.3551 to Rs.5650 | Rs. 13325.28 plus 312.80 percent of basic pension in excess of Rs.3550.00 | |
| (iii) | Rs.5651 to Rs.6010 | Rs. 19894.08 plus 187.68 percent of basic pension in excess of Rs.5650.00 | |
| (iv) | Above Rs.6010 | Rs. 20569.72 plus 93.84 percent of basic pension in excess of Rs.6010.00 | |
|
PART-IV |
|||
| Dearness Relief to pensioners who retired on or after 1st day of November, 2002. | |||
| Average Index (CPI) for quarter ended June 2021 7941 | |||
| No. of Slabs | 1413 | ||
| Rate of dearness relief on pension for the months August 254.34 % of basic pension 2021 to January 2022 | |||
| (ignore decimals from 3rd place onwards) | |||
| PART-V | ||
| Dearness Relief to pensioners who retired on or after 1st day of November, 2007. | ||
| Average Index (CPI) for quarter ended June 2021 | 7941 | |
| No. of Slabs | 1276 | |
| Rate of dearness relief on pension for the months August 2021 to January 2022 | 191.40 % of basic pension | |
| (ignore decimals from 3rd place onwards) | ||
| PART-VI | ||
| Dearness Relief to pensioners who retired on or after 1st day of November, 2012. | ||
| Average Index (CPI) for quarter ended June 2021 | 7941 | |
| No. of Slabs | 875 | |
| Rate of dearness relief on pension for the months August 2021 to January 2022 | 87.50 % of basic pension | |
| (ignore decimals from 3rd place onwards) | ||
|
PART-VII |
||
| Dearness Relief to pensioners who retired on or after 1st day of November, 2017. | ||
| Average Index (CPI) for quarter ended June 2021 | 7941 | |
| No. of Slabs | 397 | |
| Rate of dearness relief on pension for the months August 2021 to January 2022 | 27.79 % of basic pension | |
| (ignore decimals from 3rd place onwards) | ||
COMMENTS