In case of doubt, in the matter of application of these regulations, regard may be had to the corresponding provisions of Central Civil Services Rules, 1972 or Central Civil Services (Commutation of Pension) Rules, 1981 applicable for Central Government employees with such exceptions and modifications as the Bank, with the previous sanction of the Central Government, may from time to time, determine.
44 Appendix – I [See Regulation 35]
(1) The formula of updating basic pension and additional pension, in respect of employees who retired between the 1.1.1986 to 31.10.1987 shall be as under :
A. (a) 50 per cent of first Rs.1000 Rs...............................
of the average emoluments reckonable for pension.
(b) 45 per cent of next Rs.500 Rs...............................
(c) 40 per cent of the average Rs...............................
emoluments reckonable for Pension exceeding Rs.1500 Total of (a + b+ c) Rs............................(A) B. 50 per cent of the average monthly Rs............................(B) emoluments for the last 10 months in service prior to retirement.
C. Dearness Relief at index number 600 in Rs............................(C) the All India Average Consumer Price Index for Industrial Workers in the series 1960=100, on basic pension calculated at (A) above, as per Table given below.
D. Total increased basic pension Rs............................(D) = (B) + (C) X Number of years of qualifying service (Maximum 33 years) -------------------------------------------- 33 E. Basic Pension as on 1.11.1993 (Rounded Rs............................(E) off to the next higher rupee)
(2) Special allowances to the extent of the amount ranking for making contributions to the Provident Fund in terms of the Bipartite Settlement dated 10th April, 1989 or Officers= Service Regulations, as the case may be, corresponding to the special allowances drawn at the time of retirement shall be reckoned for the purpose of additional pension.
45 TABLE Rates of dearness relief worked out at index number 600 in the All India Average Consumer Price Index for Industrial Workers in the series 1960=100 for all classes of employees who retired during the period 01.01.1986 to 31.10.1987:
_______________________________________________________________________ a) Employees of subordinate staff cadre 80.40 percent of pension cadre calculated at A above b) Employees in clerical staff cadre 67 percent of pension calculated drawing pension upto Rs.756/= per month at A above c) Employees in clerical staff cadre drawing pension of Rs.757/= per month and above will be eligible for dearness relief as under:
Amount of basic pension The amount of dearness relief drawn per month admissible Rs. Rs.
757 - 796 508.00 797 - 804 534.00 805 - 824 540.00 825 - 844 553.00 845 - 864 567.00 865 - 884 580.00 885 - 904 593.00 905 - 924 607.00 925 - 944 620.00 945 - 964 634.00 965 - 984 647.00 985 - 1004 660.00 1005 - 1024 674.00 1025 - 1044 687.00 1045 - 1064 701.00 1065 - 1084 714.00 1085 & above 727.00 46
(d) Employees in Officer Cadre shall be eligible for dearness relief as under:
(i) For those drawing basic pension 66 per cent of the amount of pension upto Rs.765/= per month; calculated as at A above subject to a maximum of Rs.500/=
(ii) For those drawing basic pension Rs.500/= from Rs.766/= to Rs.1165/= per month;
(iii) For those drawing basic pension 42.90 per cent of amount of pension of Rs.1166/= per month or above; calculated as at A above subject to a maximum of Rs.715/=
2. The formula for updating basic pension in respect of workmen who have retired on or after the 1st day of November, 1992 but before the 1st day of September, 1993 and in respect of Officers who have retired on or after the 1st day of July, 1993 but before the 1st day of May, 1994 shall be as under:
(1) Total of pay drawn as per the old scales for the month/s during the last 10 months of qualifying service : Rs.
(2) Total of dearness allowance actually drawn or dearness allowance at 1148 points, whichever is less, for each month of pay calculated at (1) above : Rs.
(3) Total of pay drawn as per (1) above plus total of dearness allowance drawn as per (2) above : Rs.
(4) Total of pay drawn as per revised scales of pay for the month/s during the last 10 months of qualifying service including the month in which the employee retired : Rs.
(5) Total of columns(3) and (4) : Rs.
(6) Average emoluments for the purpose of pension : Rs.
i.e. Total as per (5) above --------------------------------- 10
(7) Updated basic pension : Rs.
50% of (6) above X Number of years of qualifying service(Max.33 years) ------------------------------------------------------------------------- 33 47
(8) Basic pension(rounded off to next higher ruppe) : Rs.
3. In respect of workmen who have retired on or after the 1st day of November, 1992 but before the 1st day of November, 1994 and in respect of officers who have retired on or after the 1st day of July, 1993 but before the 1st day of November, 1994 the amount of special allowances in terms of Bipartite Settlement dated 14th February, 1995 or the Officers= Service Regulations, as the case may be, corresponding to the special allowances actually drawn at the time of retirement shall be reckoned for the purpose of computation of additional pension w.e.f. 1st November, 1994
Provided that for the period from 1st day of November, 1992 or from the date of retirement, whichever is later, till te 31st day of October, 1994 the amount ranking for provident fund at pre-revised rates shall be reckoned for the purpose of computation of additional pension.
4. In respect of employees who have retired on or after the 1st day of November, 1994 and have drawn special allowance both at the pre-revised and revised rates during the last 10 months of service before retirement, the amount of special allowance in terms of the Bipartite Settlement dated 14th February, 1995 or the Officers= Service Regulations, as the case maybe, corresponding to the prerevised special allowance actually drawn at the time of retirement shall be reckoned for the purpose of computation of additional pension.
Note: The amount of revised special allowance drawn on or after the 1st day of November, 1994 shall be reckoned for computation of basic pension.
5. In respect of subordinate staff who have retired on or after the 1st day of November, 1992 and have drawn pre-revised special allowance as also those who have retired on or after the 1st day of November, 1994 and have drawn special allowance both at the pre-revised and revised rates during the last ten months of service before retirement, the amount of special allowance actually drawn at the pre-revised rates shall be reckoned for the purpose of computation of basic pension and shall draw dearness relief at the rates for every rise or fall of 4 points over 600 points in the quarterly average of All India Consumer Price Index for Industrial Workers in the series 1960-100.
48 Appendix – II (See Regulation 37) Dearness Relief of basic pension shall be as under :-
(1) In the case of employees who were in the workmen cadre and who retired on or after 1st day of January, 1986, but before the 1st day of November, 1992; and in the case of employees who were in the officers= cadre and who retired on or after 1st day of January, 1986 but before the 1st day of July, 1993, dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every 4 points over 600 points in the quarterly average of the All India Average Consumer Price Index for Industrial Workers in the series 1960=100.
Such increase or decrease in dearness relief for every said four points shall be calculated in the manner given below:- Scale of basic pension per month The rate of dearness relief as a percentage of basic pension
(1) (2)
(i) Upto Rs.1250/= 0.67 per cent
(ii) Rs.1251/= to 2000/= 0.67 per cent of Rs.1250/= plus 0.55 per cent of basic pension in excess of Rs.1250/=
(iii) Rs.2001/= to Rs.2130/= 0.67 per cent of Rs.1250/= plus 0.55 per cent of the difference between Rs.2000/= and Rs.1250/= plus 0.33 per cent of basic pension in excess of Rs.2000/=
(iv) above Rs.2130/= 0.67 per cent of Rs.1250/= plus 0.55 per cent of the difference between Rs.2000/= and Rs.1250/= plus 0.33 per cent of the difference between Rs.2130/= and Rs.2000/= plus 0.17 per cent of basic pension in excess of Rs.2130/= 49
(2) In the case of employees who are in workmen cadre and who retire on or after the 1st day of November, 1992; and in the case of employees who are in the officers= cadre and who retire on or after 1st day of July, 1993, dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every 4 points over 1148 points in the quarterly average of the All India Average Consumer Price Index for Industrial Workers in the series 1960=100.
Such increase or decrease in dearness relief for every said four points shall be calculated in the manner given below:- Scale of basic pension per month The rate of dearness relief as a percentage of basic pension
(1) (2)
(i) Upto Rs.2400/= 0.35 per cent
(ii) Rs.2401/= to 3850/= 0.35 per cent of Rs.2400/= plus 0.29 per cent of basic pension in excess of Rs.2400/=
(iii) Rs.3851/= to Rs.4100/= 0.35 per cent of Rs.2400/= plus 0.29 per cent of the difference between Rs.3850/= and Rs.2400/= plus 0.17 per cent of basic pension in excess of Rs.3850/=
(iv) above Rs.4100/= 0.35 per cent of Rs.2400/= plus 0.29 per cent of the difference between Rs.3850/= and Rs.2400/= plus 0.17 per cent of the difference between Rs.4100/= and Rs.3850/= plus 0.09 per cent of basic pension in excess of Rs.4100/= 50 3) In the case of employees who retire on or after the 1st day of April, 1998, dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every 4 points over 1616 points in the quarterly average of the All India Average Consumer Price Index for Industrial Workers in the series 1960=100. Such increase or decrease in dearness relief for every said four points shall be calculated in the manner given below:
Scale of basic pension per month (1) The rate of dearness relief as a percentage of basic pension
(2) Upto ₹3380 0.25% ₹3381 to ₹5420 0.25% of ₹3380 + 0.21% of basic pension in excess of ₹3880 ₹ 5421 to ₹ 5770 0.25% of ₹3380 + 0.21% of the difference between ₹5420 & ₹3380 + 0.12% of basic pension in excess of ₹5420 Above ₹5770 0.25% of ₹3380 + 0.21% of the difference between ₹5420 & ₹3380 + 0.12% of the difference between ₹5770 & ₹5420 + 0.06% of basic pension in excess of ₹5770
(4) Dearness relief shall be payable for the half year commencing from the 1st day of February and ending with 31st day of July on the quarterly average of the index figures published for the months of October, November and December of the previous year and for the half year commencing from the 1st day of August and ending with the 31st day of Janurry on the quarterly average of the index figures published for the months of April, May and June of the same year.
(5) In the case of family pension, invalid pension and compassionate allowance, dearness relief shall be payable in accordance with the rates mentioned above.
(6) Dearness relief will be allowed on full basic pension even after commutation.
(7) Dearness relief is not payable on additional pension.
(8) Pensioner whose basic pension is less than minimum pension but the aggregate of basic pension and additional pension is more than the minimum pension shall draw dearness relief as applicable to minimum pension.
51 Appendix – III (See Regulation 39) The ordinary rates of family pension shall be as under:
(a) In respect of employees other than part-time employees, where the employees was in the workmen cadre and retired before 1.11.1992 or where the employee who was in the officers= cadre and retired before 01.07.1993.
Scale of pay per month Amount of monthly Family Pension
(1) (2) Upto Rs.1500/= 30 per cent of the >Pay= shall be the basic family pension plus 30 per cent of allowances which are counted for making contributions to Provident Fund but not for dearness allowance shall be the additional family pension. The aggregate of basic and additional family pension shall not be less than Rs.375/= per month.
Rs.1501/= to Rs.3000/= 20 per cent of the >Pay= shall be the basic family pension p