DIGNIFIED LAST RITES TO AIR VETERANS

DIGNIFIED LAST RITES TO AIR VETERANS

DETAILED CIRCULAR FOR INFORMATION

IMPROVED WELFARE SCHEMES FOR SPECIAL CHILDREN

 IAF BENEVOLENT ASSOCIATION HAS IMPROVED WELFARE SCHEMES FOR 

SPECIAL CHILDREN.

HERE IS THE LATEST CIRCULAR ON THE SUBJECT.

HOW TO CALCULATE AND CLAIM INTEREST?

HOW TO CALCULATE DELAYED INTEREST?

Reserve Bank of India has issued circular to pay compensation for the delay in payment of Improved Pension arrears w.e.f. 24.09.2012 to the Defence pensioners and family pensioners without any application from the pensioners.

But, it seems that the banks are not following the RBI instructions on the subject.  Therefore now each and every pensioner should calculate the Interest and submit an application to the pension paying banks for payment.  The RBI Circular, the specimen of the application and the method of calculating interest with the help of  Internet Recurring Deposit calculator is given below.

Link for other RBI Letter one.  RBI letter Two.

How to calculate interest?

Every pensioner should find out what is the monthly increase in pension with applicable Dearness Relief as on 24.09.2012.  Take down the figure.  This is the amount which should have been paid by the Bank by Feb 2013, but was not paid.  Now the bank is required to pay compensation at the Recurring Deposit type of Deposit of the amount of increase in monthly pension with bank and pay interest.

There are  a number of Recurring Deposit Interest Calculator in the web.  Go to the following link and fill up as follows:-

Recurring Deposit Amount (The amount of monthly increase with DA 72%) …………..

Interest Rate      …..      ………                                     ……                 8%

Period of Deposit from Oct 2012 to Mar 2013 (6 months)         …      6

Frequency of Deposit…            …        ..          ..          ..          ..          Monthly

Interest type       …        …        …        …        …        …        …        Compounded quarterly.

After feeding the above data, now click Calculate, you will get Interest Receivable.  Fill up this amount in the application and submit it to your Branch Manager along with RBI letter.  You will be paid within one month if not write to “Banking Ombudsman”, Reserve Bank of India, Chennai-1 immediately.

The Indian Ex-servicemen Movement Pension Cell taken all out efforts to get the RBI Circular.  Therefore every pensioner should apply and get the compensation.  Thanks to IESM Pension Cell.  If every pensioner is aware of their entitlement and other rules on pension payments, the banks will pay promptly in future.

Dear readers, 

Please take some pain to download all RBI circulars and application form.  You will get a satisfaction once you get the interest from the Bank.  It is not the amout of interest that  matters here, it is the awareness that every pensioner should show to the bank, so that in future such delays will be avoided.  Please inform and educate your friends also.  It is very important. Please give your feedback and comments.

Thank you,

With Best wishes.

WHY THERE IS DELAY IN PAYMENT OF ARREARS ?

WHY  THERE  IS DELAY IN THE PAYMENT OF IMPROVED PENSION AND ARREARS TO THE DEFENCE PENSIONERS ?

Government issued orders on 17.01.2013 to revise the pensions of Defence pensioners and Family pensioners w.e.f. 24.09.2012 with instructions to pay immediately.

Now it is more than 3 months passed, most of the Banks have not revised the pension and paid any arrears.  The poor defence pensioners are very eagerly waiting.  But the banks are silent on the issue.  This attitude of the Banks is totally unacceptable.  A delay of one month or two months can be accepted, but not more than three months.  Whatever may be the reason, the Banks cannot justify the delay without paying legitimate compensation to the pensioners as per RBI guidelines on the subject.

In the circumstances, it will be proper for the Banks to pay delayed interest/Compensation as per RBI and CDA (P) Allahabad instructions.  As a matter of fact, the delayed interest is to be paid by the Banks without any request or claim from the pensioners.  Will the Banks pay ?  If not, the RBI (Banking Ombudsman ) should take up the matter for payment of compensation.

For the information of the pensioners, we have calculated the minimum amount of Interest payable by the Banks for various ranks from Oct 2012 to Mar 2013 for 6 months at Recurring Deposit rate of interest @ 8% p.m.

A Sepoy of Y Group with 15 years service will have to be paid Rs.121 interest.

A Naik of Y Group with 17 years service will have to be paid Rs.128 interest.

A Havildar of Y Group with 20 years service will have to be paid Rs.186 interest.

A Hon. Lt. with 28 years of service will have to be paid Rs.476 interest.

A Hon. Capt. With 28 years of service will have to be paid Rs.556 interest.

The Defence Family Pensioners should be paid the following rates of interest.

A widow of Hav. 20 yrs. Y Group will have to be paid Rs.90 interest.

A widow of Nb.Sub 20 yrs. Y Group will have to be paid Rs.84 interest.

A widow of Subedar 24 Yrs. Y Group. Will have to be paid Rs.426 interest.

A widow of Sub. Maj. 28 yrs. Y Group will have to be paid Rs.615 interest.

A widow of Hon.Lt. 28 yrs. Will have to be paid Rs.286 interest.

A widow of Hon. Capt. 28 yrs. Will have to be paid Rs.334 interest.

Suppose if the Bank is not paying, every pensioner should submit an application to the Pension Paying Branch to pay Interest.  A SPECIMEN OFTHE APPLICATION IS GIVEN.  PLEASE CLICKHERE.

GOOD NEWS FOR THE SPOUSES OF THE EXSM RE-EMPLOYED IN SBI

GOOD NEWS FOR THE SPOUSES OF THE EX-SERVICEMEN

RE-EMPLOYED IN STATE BANK OF INDIA

FAMILY  PENSION TO SPOUSES OF EX-SERVICEMEN EMPLOYEES OF STATE BANK OF INDIA IN ADDITION TO FAMILY PENSION FROM GOVERNMENT

State Bank’s e-Circular P&HRD Sl.No.1206/2012 13 dated 4^th March 2013 conveying its instructions to the Branches of the Bank on granting family pension under SBI Pension Scheme in addition to the family pension from the Government.

The eligible spouses are requested to apply for the sanction of family pension through their pension paying home Branches with the necessary documents.

The e-Circular

   “THE SBI EMPLOYEES’ PENSION FUND RULES PAYMENT OF FAMILY PENSION TO THE FAMILY PENSIONERS OF THE DECEASED EX-SERVICEMEN EMPLOYEE PENSIONERS.

   Please refer our Circular No.CDO/PM/16/CIR/68 dated the 17^th November, 1999 in terms of which it was advised that the family pensioners of the deceased ex-servicemen employees/pensioners of the Bank, who are eligible for drawing family pension from the Bank as well as from the Government are required to submit their option for drawing family pension either from the Government or from the Bank.  In cases the ex-servicemen family pensioners desire to draw family pension from the Government and wish to forgo family penskion from the Bank in favour of Military family pension, necessary noting is to be made.  Accordingly, option is called for from the family pensioners to draw family pension either from our Bank or from Military establishment as eligibility for family pension is from one source only.

2.           In this connection, the Government of India, Ministry of Defence vide their letter No.01/(05)/2010-D(Pen/Policy) dated 17.01.2013 have circulated revised instructions vide which families of Armed Forces Pensioners who get re-employment in Central Civil departments or State Govt./PSUs/Autonomous bodies/Local Funds of Central/State Governments after getting retired/discharged from military service and were in receipt of military pension till death would be entitled to draw two family pensions i.e. the Family Pension from Military side in addition to the Family Pension, if any, authorized by the re-employer for re-employmed civil service subject to fulfillment of other prescribed conditions as hitherto fore.  The revised provisions will be effective from 24^th September, 2012 or thereafter.  Further, the benefit of these provisions shall also be allowed in past cases however the financial benefit shall be granted from 24^th September, 2012 only.

3.           Pursuant to the above modification of instructions by the Government of India, it has been decided to withdraw the existing provision of calling for the option for drawing family pension either from the Government or from the Bank.  Accordingly, family pension will be paid to the deceased ex-servicemen employees/ pensioners of the Bank who are also drawing family pension from the Government.  The revised instructions will be effective from 24^th September, 2012 or thereafter.  Further, the benefit of these provisions shall also be allowed in past cases, however the financial benefit shall be granted from 24^th September, 2012 only.

4.           Please arrange to bring the contents of this Circular to the knowledge of all concerned.

   Yours faithfully,

   For Dy. Managing Director &

   Corporate Development Officer”

Source: “SBI Elders Voice”  Thanks to the SBI Pensioners’ Association (Chennai Circle) for having taken up the case on top priority with SBI management for the issue of this e-circular.

Note: If any assistance is required in this regard, the spouses are advised to contact :

SBI Pensioners’ Association (Chennai Circle), (State Bank of India Main Branch), No.84 Rajaji Salai, Chennai 600001.  Phone: 04425243617.  E-mail: pencare2003@yahoo.com

Also contact: “Exwel Trust,” No.15G, Military Lines, Samathanapuram, Tirunelveli 627002.  Phone: 0462-2575380.  E-mail: esmwelfare@yahoo.in

DUAL FAMILY PENSION

दो पारिवारिक पेंशन

हमारी ज़ायज़ माँग को सारकार ने स्वीकार किया, दो पारिवारिक पेंशन को नकारना किसी भी तरह से ज़ायज़ नहीं है| ऐसे कानून को किसी राजनैतिक ने नहीं बलकी उन्होंने बनाया है जो अधिकारी वर्ग हैं| इसका असर उनपर नहीं पडा| आदि से अंत तक अधिकार करते इनको लाचार लोगों का दुख: नज़र नहीँ आता|

इस देश के श्रेष्ठ वैज्ञानिक, प्रसिद्ध चिकित्सक, समाजसेवक, व्यापारी जैसों को ना मिलने वाला इज़्ज़त इन अधिकारी वर्ग को मिल रहा है, यह हमारा दुर्भाग्य है|

    बेबस सैनिकों के पेंशन विधी में एक पंक्ति जोडकर हजारों विध्वाओं के पेट पर लात मार दिया| दो सरकारी नौकरी करने वाले सैनिकों को दो पेंशन पाने का अधिकार है| तो फ़िर विध्वाओं को यह क्यों नकारा गया है! ऐसा करने से ज्यादा नुकसान तो, उन विध्वाओं को है जो कम पेंशन पा रहीं हैं|

समय बदला, शिक्षा से जागृती हुई| न्याय के लिये आवाज उठाया गया| तब जाकर इन अधिकारियों की बुरी चाल सामने आई|

24.09.2012 से दो पेंशन अमल में लाया गया| न्यायालय में कई मुकदमों का सुनवाई ना होने का कारण ये अधिकारी वर्ग ही हैं, इस बात से सरकार को अनजान नहीं होना चाहिए| युद्ध के स्थर पर इसका सुधार होना चाहिए| इसमे देर करना देश के लिए उचित नहीं है| हमें जागृक रहना चाहिए| न्याय के लिए लडना चाहिए|

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