My Dear Friends,
PENSION UPDATION - COST NO MORE CONSTRAINT
PENSION UPDATION & ITS COST FACTOR ON THE PSBs... AN ANALYSIS AS WORKED OUT ( BASING ON THE INPUT DATA ) IS ANNEXED HERE FOR THE BENEFIT OF OUR PENSIONER FRIENDS ( RETRIEVED FROM MY DATA BACE.. Courtesy: AIBPARC )
https://drive.google.com/file/d/1bDKfBWFIGdjgOLEGAs003P9vFeDjQhOu/view?usp=drivesdk
By the way, I annex here my Audio link with. Com. Subramani of Indian Bank Chennai clarifyng the ambiguity among our friends in general:
https://drive.google.com/file/d/12NxsfdRPxH9EgJMU7RgGt_E7ra9NWu1B/view?usp=drivesdk
With greetings & Regards
దేవులపల్లి శ్రీనివాస మూర్తి
✴️QUOTE ✴️
[08/07/2022, 21:01] DEVULAPALLI MURTI:
My Dear Friends,
AS AGAINST THE INCONSISTENT PENSION REVISION COST AS EXORBITANTLY PROJTED BY THE IBA-UFBU COMBINE MANY A TIME IN THE PAST ( repeating the same old story again & even showing the same again as an elibi in their recent joint note...."SIGNED PURPORTEDLY"on 01 07 2022 as released by UFBU ), A BIRD'S EYE-VIEW OF THE AGGREGATE COST INVOLVED IS NOW ANNEXED HERE ( Courtesy AIBPARC ) WHICH ALREADY STOOD SUBMITTED TO ALL THE CONCERNED IN THE PAST. CONTENTS ARE SELF-EXPLICIT:
ESTIMATED AGGREGATE COST OF PENSION REVISION ON RBI LINES (A last year's re-post just for information)
( STAGE-WISE ) Year & DA. Merger @ factor Updation
Pre-1992 1148 600 0.67 2.11
1992-98 1684 1148 0.35 1.61
1998-02 2288 1684 0.24 1.49
2002-07 2836 2288 0.18 1.37
2007-12 4440 2836 0.15 1.76
2012-17 6352 4440 0.10 1.62
STAGE-WISE MULTIPLYING FACTORS FOR PENSION REVISION ON RBI LINES - WITH MERGER @ 6352 POINTS IS WORKED OUT AS FOLLOWS :
pre 1992 .. 2.11 x 9.41 =19.85
1992-1998 ..1.61 x 5.85 = 9.41
1998-2002 ..1.49 x 3.93 = 5.85
2002-2007 ..1.37 x 2.85 = 3.93
2007-2012 ..1.76 x 1.62 = 2.85
2012-2017 =1.62
TOTAL PENSIONERS IN PUBLIC SECTOR BANKS & STAGE-WISE REVISION LOAD
( Estimated in ₹ crore)
Year.
No. of Retires
ACCORDINGLY LOAD PER MONTH IS WORKED OUT AS HEREUNDER:
-------------------------------- year No. of Retires ₹cr.
PRE 1992 7980 ₹ 19.95
1992-1998 15864 ₹ 36.48
1998-2002 76919 ₹153.38
2002-2007 22074 ₹ 37.52
2007-2012 70256 ₹ 59.17
2012-2017 80347 ₹ 36.15
-------------------------------- Total 273440 ₹342.70
--------------------------------
ESTIMATED AGGREGATE COST OF PENSION REVISION ON RBI LINES ( Estimated in ₹ crore)
No.of Retirees Monthly& Yearly
PSB 2,73,440 ₹342 ₹4112
SBI 1,30,620 ₹126 ₹1652
----------------------------------
Total : 4,04,060 ₹468 ₹5764
----------------------------------------
UN-UNITED FORUM OF BANK UNIONS "UUFBU " LEADERSHIP EGOISTIC TEMPERMENT ALONE, LET THE HOUSE DIVIDED
Friends ,
Figures speak by themselves No masala need to add.
THE CAT WILL BE OUT OF THE BAG ON 15 07 2022
सत्यमेवजयते
|| यतो धर्मस्ततो जयः||
IS THE ULTIMATE
D S MURTI
HYD. 08 07 2022
[ 30/07/2022, 21:04 ]
DEVULAPALLI MURTI:
STAGE-WISE MULTIPLYING FACTORS FOR PENSION REVISION ON RBI LINES - WITH MERGER @ 6352 POINTS IS WORKED OUT AS FOLLOWS :
pre 1992 .. 2.11 x 9.41 = 19.85
*1992-1998* ..1.61 x 5.85 = *9.41*
*1998-2002* ..1.49 x 3.93 = *5.85*
*2002-2007* ..1.37 x 2.85 = *3.93*
*2007-2012* ..1.76 x 1.62 = *2.85*
*2012-2017* = *1.
USING THE SAME METHODOLOGY WITH RELATED DA/DR MERGER POINTS, THE FACTORS FOR THE OTHER BATCHES SHALL BE AS UNDER:
2) FOR TAKING RETIREES TO 1998 SETTLEMENT FROM 1992 :
(Batch 2) = 1.616
3) FOR TAKING RETIREES TO 2002 SETTLEMENT FROM 1997 :
(Batch 3) =1.49
4) FOR TAKING RETIREES TO 2007 SETTLEMENT FROM 2002 :
(Batch 4) = 1.37
5) FOR TAKING RETIREES TO 2012 SETTLEMENT FROM 2007 :
(Batch 5) = 1.76
6) FOR TAKING RETIREES TO 2017 SETTLEMENT FROM 2012 :
(Batch 6) = 1.62
******************
USING THE ABOVE RESULTS, THE FACTORS FOR PENSION* *UPDATION @6352 POINTS ON THE BASIS OF RBI FORMULAE ARE WORKED OUT AS UNDER:
1.1987 BATCH 12.2*1.62 = 19.76
2.1992 BATCH 5.78*1.62 = 9.36
3.1998 BATCH 3.59*1.62 = 5.82
4.2002 BATCH 2.41*1.62 = 4.39
5.2007 BATCH 1.76*1.62 = 2.85
6.2012 BATCH = 1.62
Source:
AIBPARC Cir
https://drive.google.com/file/d/1bDKfBWFIGdjgOLEGAs003P9vFeDjQhOu/view?usp=drivesdk_
[ 01/11/2022, 17:17] DEVULAPALLI MURTI:
How to work out DR rates for wage revisions from 1.8.1997 and onwards ..
� *Aug1997-July2002* .. 4/1740 .. equals to 0.229 .. fixed to 0.23 cent percent neutralization
� *Aug2002-July2007* .. 4/2328 .. 0.1718 fixed to 0.18 resulted to 105 % neutralisation
� *Aug2007-July2012* ... 4/2944. .. 0.1358 fixed to 0.15 resulted to 110% neutralization
� *Aug2012-July2017* .. 4/4708 .. 0.8496 fixed to 0.10 resulted to 118% neutralization
� *Aug2017-July2022* . .. 4/6352 .. 0.06297 fixed to 0.08 resulted to 127% neutralization
For those Before 1997 we were demanding �% neutralization in DA. Now it has reached to 127% neutralization. DA per slab amounts increased much from Wage revisions from August 2012 and onwards.
✴️UNQUOTE✴️