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.
APPENDIX – I (See Regulation 35)
1. The formula for updating basic pension and additional pension in respect of employees who retired during the period 01.01.1986 to 31.10.1987 shall be as under:
(1) A (a) 50 per cent of first Rs.1 000 of the average emoluments reckonable for pension Rs.
(b) 45 per cent of next Rs.500 Rs.
(c) 40 per cent of the average emoluments reckonable for pension exceeding Rs.1500 Rs.
Total of (a+b+c) Rs. (A) B 50 per cent of the average monthly emoluments for the last 10 months in service prior to retirement Rs. (B) C Dearness Relief at index number 600 in 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 Rs. (C) D Total basic pension = (B) + (C) x Number of years of qualifying service (Maximum of 33 years) 33 Rs. (D) E Basic pension as on 01.11.1993 (Rounded off to the next higher rupee) Rs. (E)
(2) Special allowances to the extent of the amount ranking for making contributions to the Provident Fund in terms of the Bi-partite 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.
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 in subordinate staff cadre 80.40 per cent of pension calculated at A above.
(b) Employees in clerical staff cadre 67 per cent of pension drawing pension drawing pension up to Rs.756/- calculated at A above.
per month
(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 drawn per month Rs.
The amount of dearness relief admissible Rs.
757 - 796 508 797 – 804 534 805 – 824 540 825 – 844 553 845 – 864 567 865 – 884 580 885 – 904 593 905 – 924 607 925 – 944 620 945 – 964 634 965 – 984 647 985 – 1004 660 1005 – 1024 674 1025 – 1044 687 1045 – 1064 701 1065 – 1084 714 1085 & above 727
(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 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 of 42.90 per cent of amount of pension 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 Rs.
last 10 months of qualifying service
(2) Total dearness allowance actually drawn or dearness allowance at Rs.
1148 points, whichever is less, for each month of pay calculated at (1) above.
(3) Total pay drawn as per (1) above plus total of dearness allowance Rs.
drawn as per (2) above.
(4) Total of pay drawn as per revised scales of pay for the month/s Rs.
during the last 10 months of qualifying service including the month in which the employee retired.
(5) Total 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)
(8) Basic Pension (Rounded off to next higher rupee) 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 Bi-partite 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 the 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 Bi-partite Settlement dated 14th February, 1995 or the Officers' Service Regulations, as the case may be, 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.
Appendix II (See regulation 37) Dearness relief on 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
(i) Upto Rs1250/- 0.67 per cent
(ii) Rs.1251 to Rs.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.
(2) In the case of employees who are in workmen cadre and who retire on or after 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 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
(i) Upto