Pension updation -
A Birds eye view -
(without any false hopes)
By and large, the indications are clear that the much awaited
Pension Upation would be done by merging at 6352 points besides simultaneously setting right the anomoly of 100% DA Nuetralisation for pre-2002 retirees.. BUT NOT ON THE RBI PATTERN AS ALREADY INDICATED BY THE IBA/UFBU ...
In the above backdrop, only a marginal increase can therefore be expected with the following permitations & combinations as per the above indications ranging in between ₹1000/ & ₹9000/- only with the highest for beneficiaries upto 7th BPS and relatively much lesser proportion for others from 8th to 10th BPS:
PENSION UPDATION - PROBABLE MULTIPLYING FACTORS WITH PERMITATIONS & COMBINATIONS (AS ENVISAGED BY IBA) - CALICULATIONS MADE WITH PROBABLE MULTIPLYING FACTORS -(MF) BY:
COM. METLAPALLI SARMA (Synd. Bk. Retiree SVRS 2001from Gudiwada --Andhra Pradesh)
Contact # 98485 87298
✴️ 1. As per RBI formula moving from stage to stage or from one bipartite to the other the LFs with 10% notional increase in basic pension the anticipated Multiplying Factors are:
5th BPS- 19.90
6th BPS- 9.43
7TH BPS- 5.83
8TH BPS - 3.91
9TH BPS- 2.85
10TH BPS- 1.62
NOW THAT POSSIBILITY SEEMS REMOTE.
✴️ 2. SIMPLE MERGER OF DA AT 6352 POINTS FOR PRE- 2002, RETIREES FOR THE 5TH, 6TH AND 7TH BPS RETIREES IS WORKED OUT ON TWO METHODS.
✴️ A. FIRST METHOD: MOVING/ REVISING FROM BPS TO NEXT BPS – THE MFs ARE AS SHOWN BELOW ( WITH DA MERGER AT 6352 POINTS )
Multiplying Factors are:
5TH BPS- 11.32
6TH BPS – 5.90
7TH BPS- 4.02
8TH BPS 2.95
9TH BPS 2.36
10TH BPS 1.48
✴️B . SECOND METHOD :
A SIMPLE MERGER OF DA UPTO 6352 POINTS:
Multiplying Factors are:
5TH BPS 10.20
6TH BPS 5.42
7TH BPS 3.80
8TH BPS 2.83
9TH BPS 2.31
10TH BPS 1.48
✴️ C. AN OVER ALL 5% NOTIONAL INCREASE IN BASIC PENSION, THE MFS ARE AS UNDER :
IN METHOD A
Multiplying Factors are:
5TH BPS 11.89
6TH BPS 6.195
7TH BPS 4.221
✴️ D. AN OVER ALL 5% NOTIONAL INCREASE IN BASIC PENSION, THE MFS ARE AS UNDER:
IN METHOD B
Multiplying Factors are:
5TH BPS - 10.71
6TH BPS - 5.69
7TH BPS - 4.08
✴️✴️✴️✴️✴️✴️✴️✴️✴️
NOW, LET US TAKE AN EXAMPLE FOR A BASIC PENSION OF ₹75OO, IN THE 7TH BPS - THE REVISED BASIC PAY WOULD BE AS UNDER
As per RBI Pattern (Remote chances ) UNIFORM DA AT THE RATE 36.82% IS WORKED OUT
7500 × 5.82 ₹43650
+DR@36.82% ₹16072
Gross ₹59722
✴️ ✴️ ✴️ ✴️
A. (method)
7500×4.02 ₹30150
+DA@36.82% ₹11101
Gross ₹41151
✴️ ✴️ ✴️ ✴️
B. (method)
7500×3.80 ₹28500
+DA@ 36.82% ₹10494
Gross ₹38994
✴️ ✴️ ✴️ ✴️
C. (method)
7500×4.221 ₹31658
+DA@ 36.82% ₹11656
Gross ₹43314
✴️ ✴️ ✴️ ✴️
D.(method)
7500×4.079 ₹30953
+DA@36.82% ₹11397
Gross ₹42350
( UNIFORM DA AT @ 36.82% IS WORKED OUT )
✴️✴️✴️✴️✴️✴️✴️✴️✴️✴️✴️✴️