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.
43 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.1000 of the Rs……………………...
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 Rs….…………….. (C) 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 D. Total basic pension Rs…………………. (D) = (B)+(C) x Number of years of qualifying service (Maximum of 33 Years) --------------------------------------------- 33 E. Basic pension as on 01.11.1993, Rs…………………(E) (Rounded 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 10lh 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.
44 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 80.40 per cent of pension cadre calculated at A above
(b) Employees in clerical staff cadre 67 per cent of pension drawing pension upto 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.
757-796 508.00 797-804 534.00 805-824 540.00 825-844 553.00 845-864 567.00 865-884 58000 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
(d) Employees in officer cadre shall be eligible for dearness relief as under:
(i) For those drawing basic 66 per cent of the amount of pension upto Rs.765/- pension calculated at A above per month; subject to a maximum of Rs.500/-
(ii) For those drawing basic Rs.500/- pension from Rs.766/- to Rs.1165/- per month;
45
(iii) For those drawing basic 42.90 per cent of amount of pension of Rs.1166/- per pension calculated as at A month or above; 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 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 Rs.
month/s during the last 10 months of qualifying service.
(2) Total of dearness allowance actually drawn or Rs.
dearness allowance at 1148 points, whichever is less, for each month of pay calculated at ( 1 ) above.
(3) Total of pay drawn as per ( 1 ) above plus total of Rs.
dearness allowance drawn as per (2) above.
(4) Total of pay drawn as per revised scales of pay Rs.
for the month/s during the last 10 months of qualifying service including the month in which the employee retired.
(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
(8) Basic Pension Rs.
(Rounded off to next higher rupee)
3. In respect of workmen who have retired on or after the 1 st 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 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:
46
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 may be, corresponding to the pre-revised 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 1sl 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 Ail India Consumer Price Index for Industrial Workers in the series 1960=100 .
47 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 1sl 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
(1) The rate of dearness relief as a percentage of basic pension
(2)
(i) Up to Rs.1250 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 1 s t day of November, 1992; and in the case of employees who are in the officers' cadre and who retire on or after 1 st 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 48 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)
(i) Upto Rs.2400 0.35 per cent
(ii) Rs.2401 to Rs.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 percent 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.
(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 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)
(i) Upto Rs.3380 0.25 per cent
(ii) Rs.3381 to Rs.5420 0.25 per cent of Rs.3380 plus 0.21 per cent basic pension in excess of Rs.3380
(iii) Rs.5421 to Rs.5770
0.25 per cent of Rs.3380 plus 0.21 per cent of the difference between Rs.5420 and Rs.3380 plus 0.12 per cent of basic pension in excess of Rs.5420 49 Scale of basic pension per month
(1) The rate of dearness relief as a percentage of basic pension
(2)
(iv) Above Rs.5770 0.25 per cent of Rs.3380 plus 0.21 per cent of the difference between Rs.5420 and Rs.3380 plus 0.12 per cent of the difference between Rs.5770 and Rs.5420 plus 0.06 per cent of basic pension in excess of Rs.5770.
Provided that on or from 1st day of May 2005 in the case of employees who retire on or after 1st day of April 1998 but on or before 31st October 2002, dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every 4 points over 1684 points in the quarterly average of the All India Average Consumer Price Index for Industrial Workers in the series 1960=100. Such increase or dearness relief for every said 4 points shall be calculated in the manner given below:
Upto Rs.3550 0.24% Rs.3551 to Rs.5650 0.24% of Rs.3550 + 0.20% basic pension in excess of Rs.3550 Rs.5651 to Rs.6010 0.24% of Rs.3550 + 0.20% of the difference between Rs.5650 & Rs.3550 + 0.12% of basic pension in excess of Rs.5650 Above Rs.6010 0.24% of Rs.3550 + 0.20% of the difference between Rs.5650 & Rs.3550 + 0.12% of the difference between Rs.6010 & Rs.5650 + 0.06% of basic pension in excess of Rs.6010
(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 31sl day of January on the quarterly average of the index figures published for the months of April, May and June of the same year.
50 In respect of employees who retire on or after 01.05.2005, dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every 4 points over 2288 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 4points shall be calculated at the rate of 0.18% of basic pension.
Provided that on and from 1st day of May 2005, in respect of employees who retired on or after 1st day of November 2002 but on or before 30th day of April 2005, dearness relief shall be payable in terms of this clause.
Provided that in respect of employees who retired on or after 1st day of November 2007, Dearness Relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every 4 points over 2836 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 4 points shall be calculated at the rate of 0.15% of basic pension.
(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 employee was in the workmen cadre and retired before 1.11.1992 or where the employee was in the officers' cadre and retired before 1.7.1993:
Scale of pay per month
(1) Amount of monthly Family pension
(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 fami ly pension plus 20 percent of allowances which are counted for making contributions to Provident Fund but not dearness allowance shall be the additional family pension. The aggregate of basic and additional family pension shall not be less than Rs.450 per month.
Above Rs.3000 15 per cent of the 'pay' shall be the basic family pension plus 15 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.600 per month and not more than Rs.1250 per month.
(b) In respect of employees other than part-time employees, where the employee was in the workmen cadre and retired on or after 1.11.1992 or 52 where the employee was in the officers' cadre and retired on or after
1.7.1993:
Scale of pay per month
(1) Amount of monthly Family pension
(2) Upto Rs.2870 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 be subject to a minimum of Rs.720 per month.
Rs.2871 to Rs.5740 20 per cent of the 'Pay` shall be the basic family pension plus 20 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 be subject to a minimum of Rs.860 per month.
Above Rs.5740 15 per cent of the `Pay` shall be the basic family pension plus 15 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 be subject to a minimum of Rs.1150 per month and a maximum of Rs.2400 per month.
53
(c) In respect of employees (both officers and workmen) other than part time employees retiring on or after 1.4.1998:
Scale of pay month
(1) Amount of monthly Family pension
(2) Upto Rs.4040 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 be subject to a minimum of Rs. 1 015 per month.
Rs.4041 to Rs.8080 20 per cent of the 'Pay' shall be the basic family pension plus 20 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 be subject to a minimum of Rs.1212 per month.
Above Rs. 8080 15 per cent of the 'Pay' shall be the basic family pension plus 15 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 be subject to a minimum of Rs.1616 per month and a maximum of Rs.3378 per month.
Provided that on and from 1st day of May 2005 in respect of the employees (both officers and workmen), other than part time employees, who retired on or after 1st day of the April 1998 but on or before but on or before 31st October 2002, the ordinary rate of family pension shall be as under:- 54 Up to Rs.4210 30% of the `Pay’ shall be the basic family pension plus 30% 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 be subject to a minimum of Rs.1056 p.m.
Rs.4211 to Rs.8420 20% of the `Pay’ shall be the basic family pension plus 20% 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 be subject to a minimum of Rs.1262p.m.
Above Rs.8420 15% of the `Pay’ shall be the basic family pension plus 15% 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 be subject to a minimum of Rs.1687 p.m. and a maximum of Rs.3521 p.m.
(D) In respect of employees (both officers and workmen) other than part-time employees retiring on or after 1st day of the May 2005:
Upto Rs.5721 30% of the `Pay’ shall be the basic family pension plus 30% of allowance which are counted for making contribution to Provident Fund but not for dearness allowance, shall be the additional family pension. The aggregate of basic and additional family pension shall be subject to a minimum of Rs.1435 p.m.
55 Rs.5721 to Rs.11440 20% of the `Pay’ shall be basic family pension plus 20% of allowance 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 Above ₹11440 15% of the `Pay’ shall be the basic family pension plus 15% of allowances which are counted for making contributions to Provident Fund but not for the dearness allowance, shall be the additional family pension. The aggregate of basic and additional family pension shall be subject to a minimum of ₹2292 p.m. and maximum of ₹4784 p.m.
Provided that on and from 1st day of May 2005, in respect of employees who retired on or after 1st day of November 2002 but on or before 30th April 2005, ordinary rates of family pension shall be in terms of this clause (E) In respect of employees (both officers and workmen) other than part-time employees retiring on or after 1st day of November 2007:
Upto ₹7090 30% of the `Pay’ shall be the basic family pension plus 30% of allowance which are counted for making contribution to Provident Fund but not for dearness allowance, shall be the additional family pension. The aggregate of basic and additional family pension shall be subject to a minimum of ₹1779 p.m.
₹7091 to ₹14180 20% of the `Pay’ shall be basic family pension plus 20% of allowance 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 be subject to minimum of ₹2186 p.m.
56 Above ₹14180 15% of the `Pay’ shall be the basic family pension plus 15% of allowances which are counted for making contributions to Provident Fund but not for the dearness allowance, shall be the additional family pension. The aggregate of basic and additional family pension shall be subject to a minimum of ₹2841 p.m. and maximum of ₹5930 p.m.
Notes:
(1) Dearness relief is not payable on additional family pension.
(2) Scale of pay for the purpose of calculation of family pension as above shall be the aggregate of 'Pay’ as defined in sub-clause (s) of regulation 2 and "allowances" as defined in the explanation to sub-regulation (3) of regulation
35.
(3) In the case of a part-time employee, the minimum amount of family pension and maximum amount of family pension shall be in proportion to the rate of scale wages drawn by the employee.
(4) In case the aggregate of basic family pension and additional family pension falls short of minimum pension, the pensioner may be given minimum family pension and dearness relief may be paid on such minimum family pension. However, no additional family pension shall be payable over and above the minimum family pension.
57 Appendix – IV (See regulation 27) Actual service on scale wages rendered Length of corresponding qualifying on permanent per-time basis in one service for each year of service week rendered on permanent part-time basis for calculating the amount of pension.
(1) (2) six hours or more but upto 13 hours; one third of a year.
more than 13 hours but upto 19 hours; one half of a year.
more than 19 hours but upto 29 hours; three forth of a year more than 29 hours one year 58 Appendix V (See Regulation 39) The formula for computing basic family pension and additional family pension in respect of employees who were in the service of the Bank on or after the 1st day of January, 1986 and had died while in service on or before the 31st day of October, 1987 or had retired on or before the 31st day of October, 1987 but died shall be as under:
(1) Basic Family Pension (A) pay drawn by the deceased employee at the lime of Rs.
death / retirement (B) Basic family pension at the ordinary rate as per Table Rs.
given below (C) Dearness Relief at index 6OO in the All India Average Rs.
Consumer Price Index for Industrial Workers in the series 1960=100 as per Table I given in Appendix – I on basic family pension calculated at (B) above.
(D) Updated basic family pension i.e., (B) + (C) Rs.
(E) Updated basic family pension as per (D) above Rs.
(rounded off to next higher rupee) (F) Basic family pension at one and half times or twice the Rs.
updated basic family pension as the case may be of (D) above (rounded off to next higher rupee)
(2) Additional Family Pension Special allowance to the extent of the amount ranking for making contributions to the Provident Fund in terms of the Bipartite Settlement dt.10.4.1989 / Officers' Service Regulations corresponding to the special allowance drawn before retirement/death shall be reckoned for the purpose of additional family pension.
Note:
(1) Dearness relief is not payable on additional family pension.
(2) In case the aggregate of updated basic family pension and updated additional family pension falls short of Rs.375, the pensioner may be paid Rs.375 with dearness relief thereon in which case no updated additional family pension shall be payable.
59 Table Pay Range Amount of family pension Below Rs.664/- 30 per cent of 'pay` shall be the basic family pension plus 30 per cent of the allowances which counted for making contributions to Provident Fund but not for dearness allowance shall be the additional family pension with a minimum of Rs.100 and maximum of Rs.166/- Rs 664/- and above but below Rs. 1992/- 15 per cent of 'pay' shall be the basic family pension plus 15 per cent of the allowances which counted for making contributions to Provident Fund but not for dearness allowance shall be the additional family pension with a minimum of Rs.166/- and maximum of Rs. 266/- Rs.1992/- and above 12 per cent of 'pay` shall be the basic family pension plus 12 per cent of the allowances which counted for making contributions to Provident Fund but not for dearness allowance shall be the additional family pension with a minimum of Rs.266/- and maximum of Rs 415/-