MY DEAR FRIENDS,
" IPSO-FACTO RBI FORMULA" - A NEW "MARKETING TAGLINE" - TO DITCH THE RETIREES "sans(sænz)" RBI PATTERN..?? ??
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What is the literal meaning of "ipso facto?" (A Latin phrase)
“by the fact itself"
Ipso facto is a Latin phrase that means “by the fact itself.” Ipso facto can be used the same way you'd use the phrase “because of that fact…”.
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LET US NOT SHOWER ENCOMIUMS ON WORTHLESS LEADERS LIKE PSYCHOPHANTS
MAY THE WORTH- LESS LEADERS DITCH US .. NAY THE FIGURES...
https://drive.google.com/file/d/1Loc9TGt_xVyKqFMBMvPv4HRuDYuLsILx/view?usp=drivesdk
DOES THE NEW TAGLINE "IPSO-FACTO" RBI FORMULA - IS GOING TO BE AN ULTIMATE FAIT-ACCOMPLI???(మసి పూసి మారేడు కాయ చేయడమంటే ఇదే - A Proverb in Telugu) turns out to be an ultimate "FAIT- ACCOMPLI" for all the retirees
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AS ALREADY ANTICIPATED, THE 12th.BPS ULTIMATELY LEAVES A RAW DEAL TO THE PENSIONERS IN GENERAL & PRE- 2002 RETIREES IN PARTICULAR WHEREBY A PIECE OF "BREAD CRUM" IS THROWN AT ALL OF US IN THE FORM OF "SOME IMPROVEMENT IN PENSION" (The so-called "IPSO-FACTO" RBI FORMULA - A NEW TAG LINE GIVEN BY SOME RETIREE ORGANISATION IN ITS RECENT COMMUNCATION ADDRESSED TO THE AIBEA'S "CHIEF" ) PRECISELY HINTING/ INDICATING ALL OF US TO FORGET ABOUT RBI PATTERN ONCE FOR ALL
THE FOLLOWING CONTENT VOUCHSAFE MY ABOVE INFERENCE UNDOUBTEDLY
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QUOTE:
PENSION UPDATION ISSUE - WHAT IS IN STORE..??.. "sans(sænz)" RBI PATTERN..??
(Please listen to the following audio link)
https://youtu.be/6FsNy-ST65w?si=UT7Wx2HWDu_SrGqb
AIBEA Cir.No.21/051/2023 /75 dated 10 11 2023 regarding the Bipartite Discussions between UFBU & IBA held at Mumbai on 09 11 2023
https://drive.google.com/file/d/1bomI8WQtv1Fzfb1ajo1jpu6Ox4qHAZnf/view?usp=drivesdk
::QUOTE::
"...Regarding Updation of pension, IBA explained the cost implications of the same but indicated that they are trying to workout some "POSSIBLE SOLUTION" to improve the pension of all past retirees: Post 01 01 1986 TILL 31 10 2022. THIS ISSUE NEEDS TO BE FURTHER DISCUSSED...."
https://drive.google.com/file/d/1bomI8WQtv1Fzfb1ajo1jpu6Ox4qHAZnf/view?usp=drivesdk
::UNQUOTE::
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I REPEAT....
IS THE SO CALLED "IPSO-FACTO" RBI FORMULA - GOING TO BE AN ULTIMATE FAIT-ACCOMPLI???
MAY THE WORTH- LESS LEADERS DITCH US .. NAY THE FIGURES...
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EXAMPLE OF A PRE-2002 RETIREE OF 7th.BPS WITH A BASIC PENSION OF ₹7500 (including 100% DA):
EXISTING:
Basic Pen. ₹7,500
DR. ₹32,382
Gross. ₹39,882
PROPOSED IPSO-FACTO formula :
( for a Basic Pension of ₹7,500/- of 7th BPS Period with corresponding Basic Pension of 11th BPS of ₹40,950)
As per the above
Basic Pen. ₹40,950
DR @.44.24% ₹18,116
Gross. ₹59,066
Net Ipso-Benefit :
( ₹59,066- ₹39,882)= ₹20,184
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RBI PATTERN:
BPS-WISE Revised Multiplying Factors as per RBI formula Consequent upon the DA merger @ 8088 pts. during 12th BPS as against the corresponding previous 6352 pts. during 11th.BPS (as on 31 10 2022) difference being 1.43
1987- BPS 5 :
19.76 ×1.43 = 28.25
1992- BPS 6:
9.36×1.43= 13.38
1998-.BPS 7:
5.82×1.43= 8.32
2002-BPS 8:
4.39×1.43= 6.27
2007-BPS 9:
2.85×1.43= 4.07
2012-BPS.10:
1.62×1.43= 2.31
2017-BPS 11: 1.43
Accordingly the multiplying factor for a 7th.BPS Retiree would be as under: 5.82×1.43=. 8.32
Revised Basic
7500 × 8.32 = ₹62,400
+DR@10.89% ₹ 6,796
Gross: ₹69,196
SUMMARY BENEFIT - RBI PATTERN Vis-a-Vis IPSO-FACTO RBI
RBI. PATTERN ₹69,196
IPSO.FACTO. ₹59,066
IPSO NET LOSS: ₹10,130.
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LEADERS ALWAYS DITCH.....BUT NOT THE ABOVE FIGURES
LET US NOT SHOWER ENCOMIUMS ON THESE WORTHLESS LEADERS LIKE PSYCHOPHANTS
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In the meantime,IBA is playing it's game by keeping it's "cards close to the chest"
The UFBU Convenor expects _SOME IMPROVEMENT IN PENSION VERY SOON.. BUT NOT VERY SURE ABOUT UPDATION ON RBI PATTERN_ This is at Bhopal on 26.11.2023. ( Click the following video link) :
https://drive.google.com/file/d/1NAmCSAri5WXv2hEaYzb28PARfNpy4bCJ/view?usp=drivesdk
In the meantime,IBA is playing it's game by keeping it's " _cards close to the chest"
I too got the information a couple of day ago having already been sent the draft copy of the proposed settlement for the " GOVT.'s NOD " before the formal signing of the settlement. It's an " Open Secret " among all the union circles. Most likely mid-December will be "INKED IN BLACK& WHITE INCLUDING OUR "IPSO-FACTO" PENSION IMPROVEMENT
దేవులపల్లి శ్రీనివాస మూర్తి
29 11 2023
Hyderabad