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DEARNESS ALLOWANCE TO RETIRED PENSIONERS OF BANKS

GOVERNMENT OF INDIA / MINISTRY OF FINANCE / LOK SABHA

UNSTARRED QUESTION NO 4871
ANSWERED ON 02.09.2011

DEARNESS ALLOWANCE TO RETIRED PENSIONERS OF BANKS

4871 . Shri KAPIL MUNI KARWARIYA

Will the Minister of FINANCE - be pleased to state:-


(a) whether the Government proposes to provide neutralization of Dearness Allowance hundred per cent to the pensioners of the Public Sector Banks retired prior to November, 2002;

(b) if so, the details thereof along with the time by which such neutralization of D.A. is likely to be provided such retired employees of the said banks; and

(c) if not, the reasons therefor ?

ANSWER

The Minister of State in the Ministry of Finance (Shri Namo Narain Meena)

(a): There is no proposal for neutralization of Dearness Relief to 100% to the pensioners of Public Sector Banks retired prior to November, 2002.

(b): Do not arise.

(c): Pension to Bank employees are paid in terms of the Provision of Bank Employees Pension Regulations framed/amended based on settlement / joint note, which do not provide 100% nuteralization of Dearness relief to those retired prior to November, 2002.

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