DELAY IN RELEASING FAMILY PENSION BY BANKS

UN DUE DELAY IN RELEASING THE FAMILY PENSION BY BANKS

Following the Centralization of pension payments by individual banks, the Pensioners have lost the link between the Pension paying Branch and the Pensioner.  Any discrepancy in the pension payment, any problem faced by the pensioner is not attended by the Branches.  Instead, the pensioners are asked to contact the respective CPPCs, which are situated in State Capitals.

The situation becomes worse for getting family pension released after the death of the pensioner.

·        The eligible family pension is not released promptly even if the PPO for family pension is available with the CPPC.

·        In come cases, the CPPCs continue to credit pension even after intimation of the death of the pensioner to the bank with death certificate.  This allows the dependents of the pensioner to withdraw money through ATMs even after the death of the pensioner, thus causing many legal problems.

·        The deceased pensioner’s account is not closed promptly and balanced paid to the Nominee/Legal heirs, wherever the discretionary powers of the branch managers could be used.

·        Generally the bank staff’s dealing with the deceased pensioner’s accounts and the live pension accounts are not sensitive to the problems of the pensioners.

The Banks must attend the grievances of the pensioners in a single window with a trained staff.

The writer feels that most of the problems on deceased pension account can be eliminated if the Nomination to a SB A/c / is made compulsory.

Will the Government / RBI take initiative in this issue?

All Defence Pensioners must keep their pension accounts jointly on E or S  basis.

If it is not possible to keep joint account, please give nomination to your account immediately.

உங்கள் பென்ஷன் சேமிப்பு கணக்குக்கு வாரிசுதாரரை உடனே நியமிக்கவும்

அல்லது உங்கள் கணக்கை ஜாயின்ட் கணக்காக மாற்றவும்.  இது முக்கியம்.

தேவை இல்லாமல் வங்கியில் இருந்து பணத்தை எடுக்காதிர்கள்.  கையில் எடுத்தால் உடனே செலவாகிவிடும்.  சிக்கனமும், சேமிப்பும் மிகவும் அவசியம்  என்பதை நினைவில் கொள்ளுங்கள்.

நீங்கள் நல்ல ஆரோக்கியமுடன் வாழ நாங்கள் இறைவனை வேண்டுகிறோம்.

ANAMOLY IN REVISING THE DISABILITYPENSION

ANAMOLY IN FIXING MINIMUM PENSION/FAMILY PENSION

The consolidation of revised pension as per para 4 of MOD letter dt.11.11.08, enhances the minimum pension of Rs.1,275 to Rs.2883. However, the Commission was gracious enough to ignore the formula and fixed the minimum pension/family pension toall as Rs.3500/-. The Commission had added Rs.617 to the consolidated amount of Rs.2883 and fixed the minimum pension/family pension as Rs.3500/. But at the same time it had not allowed the addition of Rs.617 uniformly to all range of pensioners.

While the pre-revised minimum pension of Rs.1275 can be equated to Rs.3500, then the pre-revised pension of Rs.1548 should be equate4d to Rs.4117 and not 3500 as given in the Table Annexure I.

The consolidation formule failed to provide adequate increase in the revised pension and therefore the commission recommended the minimum pension to be Rs.3500. The same amount of addition of Rs.617 should have been given throughout the range of pensioners.

ANAMOLY IN REVISING THE DISABILITY PENSION

When a defence pensioner, say for example a Sepoy is said to be drawing Rs.1275 as service element and Rs.310 as (20%) disability element. Now while revising the pension, the Banks are adopting the most disadvantageous method. They add Rs.1275 and 310 and arrive at 1585 and they refer Annexure I to find out the revised pension equal to 1585 which is Rs.3583.

On the other hand, if the revision is done separately for service element and disability element then the revised pension will become as follows:-

The service element 1275 will fetch Rs.3500 and the disability element Rs.310 will fetch Rs.700 thereby a total of Rs.4200 will be his revised pension. Now find out the difference in the revised pension between the two methods. The difference is Rs.617.

The beneficial methods should always be applied. The MOD should give specific instructions to all PDAs in this regard.

If the consolidation is done separately for service element and disability element, the revised pension will be as under:-

Pre-revised pension 1275 will be revised to .. .. Rs.3500

Pre-revised 20% disability of 310 if consolidated

Separately as per para 4.1 of MOD letter dt.11.11.08

Then the revised disability for the pre-revised 310 will be Rs. 700

Total revised pension will be Rs.4200

D.R. @ 22% will be Rs. 924

Total pension .. .. .. .. .. Rs.5124

Instead if it is consolidated by adding the pre-revised service element of Rs.1275 with the pre-revised disability element of Rs.310 together to 1585 and the referring Annexure 1 it will fetch Rs.3583. Now look at the difference in the revised pension in both methods

By separate consolidationmethod ..Rs.4200

By adding together ..Rs.3583

Reduction in monthly pension ..Rs. 617

The total reduction in the monthly pension from 1.1.06 to 31.3.09

For 39 months including D.R. Rs.26,141.

The reduction in themonthly pension will be same for all ranks as shown above. Therefore all pensioners who are drawing disabilitypension are requested to verify that they are paid the following rates of disability pension w.e.f. 1.1.06 with D.R. calculated separately.

100% Disability .. Rs.3500

90% .. Rs.3150

80% .. Rs.2800

70% .. Rs.2450

60% .. Rs.2100

50% .. Rs.1750

40% .. .. Rs.1400

30% .. .. .. Rs.1050

20% .. .. .. Rs. 700

……oOo…….