In case of doubt, in the matter of application of these Regulations, regard may be had to the corresponding provisions of Central Civil Service 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.
*************************** 47 Appendix – I (See Regulation 35)
1. The formula for updating basic pension and additional pension in respect of employees who retired during the period 1.1.1986 to 31.10.1987 shall be as under:-
(1) A.
(a) 50 percent of first Rs.1000 of the average Rs. __________ emoluments reckonable for pension.
(b) 45 percent of next Rs.500 Rs. __________
(c) 40 per cent of the average emoluments Rs. __________ reckonable for pension exceeding Rs.1500 Total of (a +b+ c) Rs. __________ (A) B. 50 per cent of the average monthly emoluments for the last 10 months in Rs.___________ (B) 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 = (B) +(c) X Number of years of qualifying Rs. ___________ (D) service (Max. 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 Regulation, 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.
48 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 1.1.1986 to 31.10.1987:
(a) Employees in subordinate 80.40 percent of pension Staff Cadre calculated at A above
(b) Employees in clerical staff 67 per cent of pension cadre drawing pension upto calculated at A above Rs.756/- 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 The amount of dearness Drawn per month relief admissible 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
(d) Employees in officer cadre shall be eligible for dearness relief as under:
(i) For those drawing basic 66 per cent of the pension amount pension upto Rs.765/- calculated as at A above, per month subject to a maximum of Rs.500.
(ii) For those drawing basic pension from Rs.766/- to Rs.500/- Rs.1165/- per month;
49
(iii) For those drawing basic 42.90 per cent of amount of pension of Rs.1166/- per pension calculated month or above; as at A above, subject to a max. 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 of May, 1994 shall be as under:
(1) Total of pay drawn as per the old scales for Rs. _________ the 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 as (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 Rs. _________ pension i.e. Total as per (5) above / 10
(7) Updating basic pension Rs. _________ 50% of (6) above X Number of years of qualifying service (Max. 33 years) / 33
(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 Bipartite Settlement dated 14th February, 1995 or the OfficersRs. 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:
50
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