PDA

View Full Version : Min Pension Pre-2006



Vijendra Kumar
01-03-2010, 10:18 PM
Minimum Pension amount for Pre-2006 Pensioners

As per Clause 4.2 of GOI Memo Number 38/37/08-P&PW(A) dated 1st Sep 2008, the fixation of pension in respect of Pre-2006 Pensioners will be subject to the provision that the revised pension, in no case, shall be lower than fifty percent of the minimum of the pay in the pay band plus the grade pay corresponding to the pre-revised pay scale from which the pensioners had retired.

The revised pay of a entry level Dy General Manager in pre-revised scale number S-21 (Rs 12000 - 375 -16500) with grade pay of Rs 7600 is Rs29500.

As per the above mentioned clause, the pension of a pre-2006 pensioner in S-21 grade of Dy General Manager should never be less than 50% of Rs29500.

However, the bank is not agreeing to apply this rule for fixation of the pension. Can someone elaborate the application of clause 4.2 mentioned above and give some cases where this rule has been applied.