Thursday, February 14, 2013

COMMUNICATE BY EMAIL

Members may kindly note to communicate with the RBREA secretary by email rbiretireestvm@gmail.com or with the blogger via comments option (available on the blog below each post) for any queries and suggestions. Thanks.

Tuesday, February 12, 2013

GOOD NEWS AGAIN

DEARNESS RELIEF

The rates of Dearness Relief in respect of pensioners who retired before November 01, 2007, and of family pensioners are as below:

Pension/Family Pension            Rates for February to July 2013

Pay scale w.e.f. 01.11.2002       120.96%   (CPI = 2288)
Pay scale w.e.f. 01.11.1997       197.52%   (CPI = 1684)
Pay scale w.e.f. 01.11.1992       334.95%   (CPI = 1148)
Pay scale w.e.f. 01.11.1987       732.98%   (CPI =   600)

The rate of Dearness Relief on pay scales effective from November 01, 2007 is 80.25% of the Basic Pension.
 

ANNUAL GENERAL BODY

The Annual General Body of the RBREA met on February 09, 2013. The meeting was presided over by Shri K Ramachandran Nair.  The previous GB minutes, the secretary's report and the audited accounts for the year ended December 31, 2012 were passed. The annual rate of subscription was enhanced and the number of committee members increased. Election of officebearers for 2013 - 2014 was held. While Shri K R Krishna Kumar was elected new president, the existing secretary and the treasurer were re-elected. The Regional Director Shri Salim Gangadharan also addressed the audience on the occasion.

A front view of the General Body
RD Shri Salim Gangadharan addresses
President Shri K Ramachandran Nair speaks

Friday, February 1, 2013

FLASH, FLASH !!!

FAMILY PENSION etc:

Our longstanding demand for updating the Family Pension has since been met. A Government Notification to this effect was published in the Gazette on January 13, 2013. The salient features are as indicated below:

NOTE : As against the present Slab System, the family pension will be paid at the uniform rate of 30% of the pay of the deceased employee.

No.
Item Considered and Granted

Earlier

Now

1
Minimum Family Pension
Rs.720
Rs.3,500
2
Minimum Compassionate Allowance
Rs.720
Rs.3,500
3
Maximum Amount of Family Pension
Rs.3,500
Rs.24,495
4
Minimum Qualifying Service for Pension
33 Years
20 Years



MAF SCHEME - ANNUAL HEALTH CHECK-UP :

The Bank has decided to enhance the amount for Annual Health Check-up for self/spouse as shown below:

No.
Cadre

Earlier

Now

1
Class IV
Rs.1,600
Rs.3,000
2
Class III  
Rs.2,000
Rs.3,500
3
Class I (A, B & C)
Rs.2,400
Rs.4,500
4
Class I (D, E & F)
Rs.2,800
Rs.5,000


NOTE : As the new rates are applicable with effect from 2012-13, the differential amount will be credited to the account of the retired employee/spouse concerned.