DEARNESS ALLOWANCE TO RETIRED PENSIONERS OF BANKS

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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. Share and Care

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