Dearness Relief for Bank Pensioners from August 2015 to January 2016

Dearness Relief for Bank Pensioners from August 2015 to January 2016

Dearness Relief payable to Pensioners for the period August 2015 to January 2016

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2015-16/1161

August 3, 2015

Designated Officers of all Member Banks which are parties to the Bipartite Settlement on Pension

Dear Sirs,

Dearness Relief payable to Pensioners for the period August 2015 to January 2016

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June, 2015 are as follows:- ·

April 2015  – 5843.43
May 2015   – 5889.08
June 2015  – 5957.56

In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.

Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period August 2015 to January 2016 as per Annexure.

Yours faithfully,
sd/-
K.S.Chauhan
Sr. Vice President

Authority : www.iba.org.in