Tag Pension updation
The All-India RBI OERS Pensioners Forum (AIRBIOPF) has been actively pushing for enhanced pension for RBI Pensioners who are 80 years old and above. On January 19, 2025, we submitted a comprehensive request to the Hon’ble Finance Minister, Smt. Nirmala… Continue Reading →
In the backdrop of an increasingly competitive banking sector, the delay in wage settlement at the Reserve Bank of India (RBI) has become a growing concern. The United Forum of Reserve Bank Officers & Employees recently highlighted this issue during… Continue Reading →
The concept of granting additional pensions to Central Government Pensioners, as being circulated in the media reports, is not new, and numerous eligible pensioners are already benefiting from this provision.
Following our update on the Unified Pension Scheme, we present a comparison chart below detailing the differences between the Old Pension Scheme (OPS), National Pension System (NPS), and Unified Pension Scheme (UPS).: Feature Old Pension Scheme (OPS) National Pension System… Continue Reading →
Notably, the RBI transferred a surplus of Rs 9,75,118 crores to the Government of India between 2011/12 and 2023/24, a remarkable achievement.
New DA Calculation introduced Before the 12th Bipartite settlement was implemented, the Dearness Allowance (DA) for Bank employees was calculated based on the quarterly average of the All-India Consumer Price Index Numbers (AICPIN) for Industrial Workers Base 2016=100. The quarterly… Continue Reading →
As we enter 2024, let us carry the spirit of resilience and unwavering determination.
Here’s to a brighter future, filled with hope, prosperity, and a well-deserved recognition of the valuable contributions retirees have made to the banking sector.
It is the first MOU that has been signed within 14 months of the expiry of the previous settlement. There is a positive development for pensioners, as all pensioners as on 31st October 22 will now receive a long-awaited “ex gratia” amount.
With effect from 1st March 2019, the family pension payable to the spouse of a deceased employee of RBI shall be at the rate of 30% of pay uniformly subject to minimum of ₹9,000 per month, and a maximum of 30% of the highest pay per month in the Bank.
DR increase Calculator Aug23 to Jan 24