Dearness Relief payable to Pensioners for the period February to July, 2016
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No. CIRTHR&IR/D/G2/2015-16/2013
January 30, 2016
January 30, 2016
Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension
which are parties to the Bipartite Settlement on Pension
Dear Sirs,
Dearness Relief payable to Pensioners for the period February to July, 2016
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December, 2015 are as follows:-
Oct 2015 6140.17
Nov 2015 6162.99
Dec 2015 6140.17
Nov 2015 6162.99
Dec 2015 6140.17
In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.
Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 2016 to July 2016 as per Annexure.
Yours faithfully,
K S Chauhan
Senior Vice President
Senior Vice President
Encl.
Continuation sheet
Indian Banks Association
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