(IJ The trust shall allow every employee governed.by. these regulations .to..mak;~'a nominatf9ll co'rtfen-ing ou' on~ or .mot~ perf;omr the right to ..r~ceive.-the' a~riount,of pensiQ.dary bel'ieflts under these .regulations. in the. event of:his death before that amount IJecomes l~£l:y~bl~'()~,having.h~.~~rP..~pa:y3,15)~,..~asil~t bee~.p'aid. Sueh ~6niinatjo~ shall be . in'ade' lI1".Stich.form ·48'rri:ay:he.sQ~Gffieciby th6J3aru£JT.om titnlHd' tinie. .
! : ' " ! -,-: '-" ,',',-. ··:..t··-·~··'- "~: ":" ". ;'" ~.:-.--. .'. ' .
.(2)qr any employeg· npmlnat~mpie' than G1n~'p ersem llilder 'sub':'regulatipn '( 1), he· Shall, ..in his nelhjl'l_itnon.sp~clfy ;the' aJhDurit:~r:sh¥.e;payable to eadi.·'pf the ri~:mrliees .in stich a~.
111al1lier'asto~co.ver Ithe:y.rhoI¢ ofJl1e ~Qti~t'-Df tP~pepsionii.fy·be1f~fits t11flt r~1ay.be ·pay.able in the evehCofhiG .d~ath:· ,i ,". t/;: : ..'~ ~:
. . . ", '. ,' ....: l~.:"' ~ '. _ . ) ::..."f . -\. _. ':. . . '. .
(3) A nori1inatio~ made py an erriployee: may, at any tl.in~;';!1\nl1OIJjfied or revoked by him 'a~te{"glvl£lfa. '~vHtf~nn'o;tie'e t8 .th~:trust' Q.i;'~lisirit~¥{ion Qf Q<?fllg"SO. i.1.<suoh form' as the Bank 'ma)lfrorntinieto tiih~specify. 'i:':" . .. ., ".::--. '~:" ..;... .
(4) A i1o'lnll1~tibh Ol'its reyocatibh. :01: its·· A·,:pdifl9atiol1.sl~alrtqkeeffect to the exttin-r iff.,is .'
valid on the date on whioh it is r~ceive(rby(~he Trust. ',"\ . -"..
~." t ,_ ,'.
,',- ":', . ,_ . ," .
----.~.l±a;f:.e::fE&1fr::1Ych-1e-lpp:~;r.si~~11'J.:eSo-p_a:~t~-e::-€t_)=:g.x;~epbi~rh~ase-o'.G1I1.~mpl~yee to whom the provi:siorla of ref{tilalion>~2 'a~~cy.reguia.tibI145 apply;>a' jjel~siqn other th8D . .family pension· shall b.ecome. payable 'JJ'(~lil the date' following Lhe dale ·.o;~whic1! i'ln .
employee retir~s dr thenotified: date, whichever is Iatt;!L. ... , ...:..
(2) Family j)enBi~n,shall becolnf? payable' f~;i}n}the' dale fbU6.wing.l:hy d(lte ofcleaLh ofthc employee or th~ ;P511si(:)l1eror the no.tifiecl:.c1~te; wl1iGhive'l' is')"ater. .. .
(J)" Pei'lsion including family pen8:i~n shall·be payable.Jor the 'daY-;))1 which its veGlpienl dies., .' ,.
52. Currellcy in ::lygic1t .peI!J~rOll is lluya'!lle, Ali. p~ilSiolJ.s mln1issibJe 'lll1~ler these·· regulations sh0:11be payable in rLlpe~s in'rildi~ onLy .
. 53.1YIamfer· of p.HYJn·ent of J?er;~ion.·;_ A pe •.1sion fixecrata monthly rate shal'l be paY~lbJe .monthly 01"1 or af~eHhe ftrslday of .the rulh~;N.ii-lg rttotltil: .
~.. . .. ' ..
Sil ...F o1ver 'to .1s'~ue~llisti-i.lct~o:l18'_:;The. ChB.inq(\rt f:lnd.M8,nag~lgp.irectoJ.' of t(Ie BarlIe may from time to time lssue: Ip.stlT~ctiO.1JSas, l~iay'b~, ~ons·ide~·ednecessary 01''expec1i~l~t'for the irriIrlernentatloJl·of ih~se.regulaj:jcibs: . \ "',, ' ~".' .' .' . .'. .:' . '.
. ',.. :. .' ~.,., . . ,- I 55,.]{esiduary.prQVJSJons. ,,:,,'111'cs<se" ,:,Lddubt, in the'~trErtt~l" oJ appLtcatlpn::o[ these regulations, regard: may :be'hac~ tb"tlle 'Cd1T~,;~pol1d1rigprclvisfoli.q· :qf Central C[vll Sel:yi"ces Rules; 1972 or Central Civli".Services (C011:t:nutat~0!1·ofPension) Rul~s, 1981,' nppiicabLe to 'the Central Governi'nent employees WWi':?uch excejJtipns. and.ll1ocllHcations ~s the B.ank;
. \·Vilh the rirev J6Lis sai1ctioll.of the Cet tlal ,G6:VerbI1JEmt, ill aY"fro.'rn thne· k) time:, deteriTlll'le.. . .' . . .' '.; .. ~ '.
:.\ .. ' .. ,:.. , " ._:r:: · •... 1-:;0; '/', . ,:: " •. :.. ' ... ": : ," :,' - ... ;.~;-: ; ..
. . / .
. _, ,_ :... .,..... . ,' ' __ . :r.o.
0" Q)' ~!
I Ir ~.
. f '. I j . . i' I " ....• t.' APPENDIX r .
).1' "rSe~'re~llatio7134). -. , , :}; .
(a}The formula of(lpdatillg basi9 peld~n'itr 'est"c~';'/e",ploy~.~ Who retired during tl,e . period 09.07.l9&8td3O::6}l9Q;3 ~ha~lb~~uilder_-'- .. '.
. .... . ,",: ..
Pay (wid,' r<terence I." lll{)rge.r of qOllflJess' allowance "P to ,600 pob;its) plus,dearne~s; o'ver 600 points. . ".
(b) The [omi"l aJ;Qr 'updalJng, tIAe il~ib peusjr'll. mrespect qf ofliqew Wlt9 h~)'.:retireel au Or 'after,F' day of ] lilY,· 1993lhutb,~fbrei" day of 1\4y; 1994:sh.lJJbe as nlldoG: .. .
. .
t.
.' ::~ U) ,r"t[ll ~f p~y dca"", \!,;.J/ef 'ti!" BId ·~o.I~ fOI' ti,e .
.mOn lb{". during' lbe lJ~( J 0 mO"ihl! ..of qllalltYJng . . . ~ ", . :", .service.
(2) .~i': Rs:
. . .,-;.
T9ta'l of c1earl1(:!ss a)lQw?11ce ?ctiJEtily dtawn or dearness alJowai~ce. a~ 1148' points~ \vl1icb~yeris 1~3$)"[-Dr ~.a6h.rl1qIit]1ofpay ealclllEdhI at (1) gbove, ' : ':. ' .. .
"----- .(3) T~;~r"[pay draWl! as. peT (1) ab ;0',iipius:t"taj of . dearness ~dlowauce drawn a~1N~r(2) 'above ..
B.s .. ----------.,-
(4) '.1'0 ~?I-of ,iJGly dnnvll. ~$ per' lb.e j'evj s'~:a86a1(3' ~fpay rot thct Il1\?111h/s: --duili}g ..the.,:)asf to :rn~.ntb:s 'of q tl; IIfyin g se1'\!ige iticJbdiiill' ilie l'lJonO( hi 'WIuct.'
the euif:l1 0yee reU;:e_ci. . : . . .
,.Rs-. -'-~- .... '. '. . .. " .(5) 'rotal, of col. (3) ai)(l, (4) aho ve;
R~.
(n) Average ernoluntent.'! for th6 l)urp.o;;~ of pensJcin . TUlal as.pt:r {5] aiJOY(I . . .'L e" --.,~. --.". ~_ :
.. Rs ......
) . .(7) . UJ)(Ja led bl)sie jJellsio~~..' . •. . .....
i e l~ of.l~4~e. (U1J2LQaQl!fS 0Ull!f!\~:dg 33 ...... ---~- Rs.
(8) :.Basic perislo1;l .(Xollilt1ed oIft?' next)1igher ;'uPe:e)-' . Rs.
. ?LI1,,~_*~:,;:
--'--..,..._--- ---'-- DeHrnes~ !,eiief on bas! ~ pellsiol1 si'lall ·he' fiS.llnfler:
( I) II1Hm cbse oHm p Ioyeo, who r.tjl'~d'on G) H]!e~th: ~di daz of .ia,?, in8, bl,t . . l,oto!'6.tIle 1" day of Novem bey, l'D9J; d.om ."telIef SllllJl. be pay. hJ" ,~or everyrise .
or be recoverable .for every faIl, as t)1e c#~,'~may be, of eve1Y 4 pEiiht;; .over 1500 . ". . . ~. . .'
. . . 1.'
APPENDXX ;,-'II (.s'ee'ieegu/Ptfon 36)' .
;.
':, THE GAZETI1IOF n~v..::EXTRAOHDiNARY.
. ' . [p;~iln:Ill--;-,f:3Ee. 41' ,L . points iri.th~ qlladerfy a~erage'of th0' 'j\J}" 111dia AYetage CO~;ls:Un1et"~dG~ 'Index for Industrial \Vdrl<:'ers·il1.i:he 8~ries lSi60'';'' 100. Sucli incn~as~ 6r decf,ease'in de~1l:ne.'3s relie.tforev~Tys~idf6ur:p~iiitS sh~ll be ca:lcul:at~d in them.al1h~r gi'Ven.beiaw:.
_ • .' ". • •••••• 4" • Scale :.of Ba.sic p~.tlsion· p.er T]i~ ~ate 'pf: d~i;uJies§ relier as month . . . basic pensit>h" . .
.. ' ':~ (l)'" .'
a per~entage of . '';''.
~. .' ~.
, :<i)',6Tper c~i)t ci{r~s;12SQ::plus o.S:S·Pf.t cent.
.....of Hie cUfletence '~befween' Rs.2000 '~1I1c1 .. \~iR.s..12iQ·plqs b:ri; .pei·':~erit;-.bfthe·;~lfffererili:e.
,;:betweet~ R~:?iJo· anrl. Rs ,'20'0 P "ph;s 0.'1i pel' . .__.___,._:_;___. ·.~~ent. of.b!lsi~;PJlnB~~'i~~~2C§e~~ot)3~~:~tl30: __ ~ .... - '; ..; ' _ _._,__ • .:_.-.: .~--. ~..=...:. --.-' : ,", '" .---;- ••• ~. ~.:=- .' .... .....• "; . . s( '.' .'. . '. ~'.. : '., . "
(2) In the case, of emplqyee~ who:'rc.ti:!,;e on 6.r f:lfteI·,the '1 clay of }'-lovembcr, 19'93, ' deaiTi.ess re1iefsli~l1.he'p·ayabl~.fOl'·~:very'ri's~ or,be.JJ~~d\l6n\ble·:for ev~i:Y·falj; as'the .
case may be, of.every· 4·pqhtts. aver i!48 pohi!:s'in the 'quarterly. average of 'lie All India t"verage Consurrt({r Price Inc.,:x [01' IndustrIal Worker~. in··the series .1960 = ) 00. S (,2h increase or clecr~'ase in ci'~~~lrncssrelief for ever:y said ·fourpoints shall be caiel.dated in the mapl:i.er given belo,,"!: .
'j' >
(1) ."tlpto Rs.1250 '.
, ... ' " . :', ..:
(ii) Rs:1251 to.·Rs:.2.o,O,~·': " " .',
(iij)t~."s.2001 to,Rs.2130 ~. . .' .--'--' ---'----'-- , C.67 .pet c~fifJ...
_."0.67 'p~r '~e~t..ofRs.'f25b:· i7i;'lis:.Q·;SS: pe~:cel)'t .
~.:.:.Q:h:Ja;tc~p~jj~1~n:'i'l1'exceSs,Qilt9:';t2irO'...... , ·~9.(j7pel' cent of RsJ:z5(J .1~i~;:0·..J5 Ij~r cent.
.:·~):f·:Q.\e.. dl!ferenc'e . 'l:ie:lYv'eep~;:~:;Rs·.?OOP:.:.~I:d ';:RB. 1256' pfllS' 0·.33 pei: Gelit.:':qf:b~sk· pension' \in excess of' its.200n.: . . .. .
: 1 -,', .!
-_._-._._._--_. __ .._-_ ..._---------_._-_.-._._._-------.-.-.--.~- ..--.
til on th Scale of basic. pension per The rate' of clearness relief 8S a percentage of l)asic pension . ,,·(2'l·\ ,'. :" '. . .
'. =.L...._' _,'_._'.-.!.. . ,_._. __ .•(1)--_;'-'----~-- .•.-----.-, q) ,Ur to P,s: ,24:00 .
(ii)' Rs,2401 .to:Rs.3850
0.35 Jfer cent.
. 0.35 per cdrt.. of Rs.24GO ,pLus 0)..9' pel: ·ceM.
of basic perlSl0i:l, In.exce~.'l·o·p{~:2400 ....' ....• .'. ; U.3S per ce~1t: ofRs.2466,.1;J~ls 0.2,.9·pel; t~n~.
~:: of ·.the difference·. helwe.en: :·:RS-.3:850. ·:,i:\.nd ::; R~.24bo'plLl:S '0!17 'per .c~JlI~;':;r b~~i·c.·1?·ei'lsI6~· I in excess 01Rs:3850. .
'.!' O.3S·percent. of 1<..3.2[100plus 0.29 jjer cent.
of . the': dfffei.-ence· 1)etween Rs.3.850 and, ,i ~E.s"i·40·O plus ~O.p per cent of the cljfferen~e, ;' o<:.lween,',R.s._4100 and.Rs:38S0 plu's.O.09·pel:
__ ___:.~__;___;_'----'.... --,-'..~eli.t.ofbaElio .peii.$i6h· in· excess 0:(:.Rs.4100.
(3) Deafness relief shall be payable fo;: ;he'h~lfyear ~(jJ~inenciri.g ·I:roni the '1sl' day' of, FebrLi~!:y @nd ei1ding .wltlJ· j j sL c12lv 'of )l_lly Qn-.tb~ qllarterly averag·c. of,.tbe:;lncl~x "'.,,'.:
figures Pl'lbfi!;hed for the" l11?-ntlj5, Of OctOb~r~N~verj\ber arid: D~?e.inbeF ~r't:JK;":' >;~~ ,a.'
(ii i) Rs.3851 to Rs:Lkl 00 ~, . , '
(iv) Above RsA'lOO .:.; :: '."" __'_"_' "":'r :,..:.. _._ .
.. ~}-:, . ..
l,·,,:· ':"".," ,'·',0;'0'.,'"' C' '~T ~'. ,. ",z'",:~~~,"~,~~.:_iJ..-_ ..-_ .•.... -_ _ .
f ) ..N. _... u "'0".'
I1 ' I ' " I I ( • -I' '. • . ' ••• I: :; ~ • J 'wr IJ(~\Q~';S"4 J . '. 'i~f~-riem ;ti~q?f 1~iIm1{l'[.tlJ" . 65.
,. .; .. ~ '. ~.- ,"~ .,' :·tc~.' ..': :",:. . '. " ... ' . pre" iou$, ye",. and ;fur Ihe ha1~),ea,r.~oW6.~~"ir:t,¥.ft.??LtJl'::!."i(l ay. ~{A(~gl\~t ?n1.' , '.. endllJ~· wIth. ,·he. 31-~,I'-dqrof' }Ii!:Quaiy ,qp .th~ ..qllar(erlY:.l:!,yefage~~kth(:\).ncJex:_'.fig1Jt~s:: .
. . : pl.~bJisliec1 for"the .l110nths:. \)f.APl:il,)vXay ai]cl)une' o{tlj.e ..,s~e yea~; ..'. .~ .'.
' .' ' .. '. .:.:, :.. .. . ";.:'/:::':" ~.:" .: :': .:~;..
. (",I,)In, the ..case...~riamlIy-p~.q§ioll, ;invalid .pepsip.n. and: .compgs~jonat~ a11~wanGe .. L: .... ·;: )4~a.i~1~·esst~)i~:r.shajtb~. pay4bfe. in_"~CCOTd~'~'le"\;"itirt¥.e 1:~t~·;"1~eAd5be~(abovf}..':' ....
..::: .• /.:.