Home India Indian Bank In exercise of the powers conferred by sub section...
Date: 11-Oct-2023 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section

Issued by Indian Bank · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The notification pertains to amendments to the Indian Bank (Employees’) Pension Regulations, 1995. These amendments are made by the Board of Directors of Indian Bank, after consulting with the Reserve Bank of India and with the prior approval of the Central Government.
  • The amendments address various aspects of pension calculations and family pension eligibility, particularly focusing on permanent part-time employees and those who retired on or after November 1, 2012.

Key Changes

  • Qualifying Service for Part-Time Employees: Effective from November 1, 2012, the pension calculation for permanent part-time employees will be based on their actual service instead of pro-rata calculation. The actual or qualifying service will be counted from the date of recruitment as a permanent part-time employee or from September 1, 1978, whichever is later.
  • Minimum Pension: A minimum pension of ₹2,785 per month is specified for employees retiring on or after November 1, 2012, with specific amounts defined for part-time employees based on their scale of wages: ₹932 for 1/3 scale, ₹1,397 for 1/2 scale, and ₹2,096 for 3/4 scale.
  • Family Pension Eligibility: Family pension for sons/daughters is discontinued if their monthly income from employment or self-employment exceeds ₹10,000. Similarly, family pension for parents is discontinued if the income of either parent or the combined income of both parents exceeds ₹10,000 per month.
  • Revised Family Pension Amount: For employees who retired or died on or after November 1, 2012, the family pension amount is revised to ₹18,568 per month for both officers and workmen. A separate amount of ₹9,284 is specified elsewhere in the notification.
  • Dearness Relief: For employees retiring on or after November 1, 2012, dearness relief is payable or recoverable for every 4-point change above 4440 points in the quarterly average of the All India Average Consumer Price Index for Industrial Workers (1960=100 series), calculated at 0.10% of the basic pension per 4 points.
  • Family Pension Calculation: The method for calculating the amount of monthly family pension is detailed, linking it to the employee's salary and allowances. It specifies different percentages based on salary slabs, with minimum and maximum limits.
  • The changes are given retrospective effect based on agreements between the Indian Banks’ Association and unions, ensuring no adverse impact on individual interests.

Impact Analysis

Employees and Pensioners

  • Negative Impact: Sons, daughters, and parents receiving family pension need to ensure their income remains below ₹10,000 per month to continue eligibility. This may require adjustments in employment or self-employment income.

Indian Bank

  • Compliance Impact: Ensure compliance with the amended regulations and proper communication to employees and pensioners.

Government

  • Policy Alignment: The amendments reflect the government's broader policy objectives related to social security and employee welfare in the banking sector.

Action Items

  • Indian Bank: Ensure compliance with the amended regulations.

Key Entities Referenced

Indian Bank: The primary entity responsible for implementing the amended pension regulations. The Board of Directors approved the changes. Reserve Bank of India (RBI): Consulted by Indian Bank before making the amendments. Central Government: Provided prior sanction for the amendments to the pension regulations. Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970: The Act under which the powers to amend the pension regulations are conferred to the Board of Directors of Indian Bank. Indian Bank (Employees’) Pension Regulations, 1995: The principal regulations being amended by this notification. Indian Banks’ Association: Represented member banks in agreements related to these changes.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-टी.एन.-अ.-12102023-249329 xxxGIDHxxx CG-TN-E-12102023-249329 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 701] नई कदल्ली, बुधवार, अक्त बू र 11, 2023/आजिन 19, 1945 No. 701] NEW DELHI, WEDNESDAY, OCTOBER 11, 2023/ASVINA 19, 1945 इंजडयन बकैं (मानव ससं ाधन जवभाग) (प्रधान कायाला य: चन्ने )ै अजधसचू ना चेन्नै, 6 अक्त ूबर, 2023 फा. स.ं पिें न/01/2023(ई).—बैंककारी कंपनी (उपक्रमों का अिान और अंतरण) अजधजनयम, 1970 (1970 का 5) की धारा 19 की उपधारा (2) के खंड (एफ़) द्वारा प्रदत्त िजियों का प्रयोग करत े हुए इंजडयन बैंक के जनदेिक मडं ल, भारतीय ररज़वा बैंक के साथ परामिा करके और केन्द्र सरकार की पूवा मंिूरी से, इंजडयन बकैं (कमाचारी) पेंिन जवजनयम 1995 में संिोधन कर एतदद्वारा जनम्नजलजखत जवजनयम बनाता ह,ै अथाात ् :- 1. सजं िप्त नाम और प्रारंभ- (1) य ेजवजनयम इंजडयन बैंक (कमाचारी) पेंिन (संिोधन) जवजनयम 2023 कहलाएंगे। (2) इन जवजनयमों में अन्द्यथा स्ट्पष्टतया उपलब्ध को छोड़कर, ये सरकारी रािपत्र म ें अपने प्रकािन की तारीख स े लाग ूहोंगे। 2. इंजडयन बैंक (कमाचारी) पेंिन जवजनयम, 1995 में (इसके बाद उक्त जवजनयमों के रूप में संदर्भात),जवजनयम 27, नोट के स्ट्थान पर, जनम्नजलजखत नोट को प्रजतस्ट्थाजपत ककया िाए, अथाात् :- "नोट 1: नवंबर 2012 के प्रथम कदवस से, पेंिन योिना के अंतगात आन े वाले स्ट्थायी अंिकाजलक वेतनमान के कमाचाररयों के पेंिन राजि की गणना के जलए उनके वास्ट्तजवक सेवा की जगनती, यथानुपात के बिाय उनके अहका सेवा के अनुसार की िाएगी।“ 6463 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] नोट 2: वास्ट्तजवक सेवा या अहका सेवा की गणना, स्ट्थायी अिं काजलक वेतनमान कमाचारी के रूप म ें भती या जनयजु ि की तारीख से या 1 जसतंबर, 1978 से, िो भी बाद म ेंहो, की िाएगी।"। 3. उक्त जवजनयमों के जवजनयम 36 में, खंड (ई) के बाद, जनम्नजलजखत खंड सजममजलत ककए िाएगं े, अथाात ् : - “(एफ) अंिकाजलक कमाचारी को छोड़कर, िहां एक कमाचारी 1 नवंबर 2012 को या उसके बाद सेवाजनवृत्त हुए, उसे दो हिार सात सौ पचासी रुपय े प्रजत माह, िहां अंिकाजलक कमाचारी 1 नवंबर 2012 को या उसके बाद सेवाजनवृत्त हुआ हो, वहााँ वेतन का 1/3 वेतनमान लेन े वाल े अिं काजलक कमाचारी को प्रजत माह नौ सौ बत्तीस रुपये, 1/2 वेतनमान प्राप्त करने वाले अंिकाजलक कमाचारी को प्रजत माह एक हिार तीन सौ सत्तानवे रुपये, वेतन का ¾ वेतनमान लेन े वाले अंिकाजलक कमाचारी को प्रजत माह दो हिार जछयानव ेरुपये।” 4. उक् त जवजनयमों के जवजनयम 40 म,ें- (ए) उप-जवजनयम (1) में, - (i) खंड (बी) में, प्रथम परंतुक के स्ट्थान पर, जनम्नजलजखत परंतकु प्रजतस्ट्थाजपत ककया िाएगा, अथाात:् - “परंत ु िब पात्र पुत्र या पुत्री, सरकारी या जनिी िेत्र म ें रोिगार या स्ट्वरोिगार, आकद से प्रजत माह दस हिार रुपये स ेअजधक की राजि अर्िात करने लगता ह,ैं तो पुत्र या पुत्री (जवधवा या तलाकिुदा सजहत) को देय कुटुंब पेंिन बंद कर दी िाएगी या देय नहीं होगी”; (ii) खंड (सी) के जलए, जनम्नजलजखत खंड प्रजतस्ट्थाजपत ककया िाएगा, अथाता ्:- “(सी) माता-जपता की जस्ट्थजत म,ें यकद माता-जपता म ेंसे ककसी एक की आय या माता-जपता दोनों की कुल आय सरकारी या जनिी ित्रे में रोिगार या स्ट्वरोिगार, आकद स े प्रजत माह दस हिार रुपये से अजधक हो िाती ह,ै तो कुटुंब पिें न बंद कर दी िाएगी या देय नहीं होगी।”; (बी) उप-जवजनयम (4) म,ें- (i) खंड (ए) म,ें उप-खंड (v) के बाद, जनम्नजलजखत उप-खंड िाजमल ककया िाएगा, अथाात:् - “(vi) नवंबर 2012 के प्रथम कदवस को या उसके बाद सेवाजनवृत्त हुए या मृत कमाचाररयों के संबंध में, दोनों अजधकाररयों और कामगारों के जलए, प्रजत माह अठारह हिार पांच सौ अड़सठ रुपये”; (ii) खंड (बी) म,ें उप-खंड (v) के बाद, जनम्नजलजखत उप-खडं िाजमल ककया िाएगा, अथाात:् - “(vi) नवंबर 2012 के प्रथम कदवस को या उसके बाद सेवाजनवृत्त हुए या मृत कमाचाररयों के संबंध में, दोनों अजधकाररयों और कामगारों के जलए, प्रजत माह अठारह हिार पांच सौ अड़सठ रुपय”े ; (iii) खंड (सी) में, उप-खंड (v) के बाद, जनम्नजलजखत उप-खडं िाजमल ककया िाएगा, अथाात:् - “(vi) नवंबर, 2012 के प्रथम कदवस को या उसके बाद सेवाजनवृत हुए या मृत कमाचाररयों के संबंध में, दोनों अजधकाररयों और कामगारों के जलए, प्रजत माह नौ हिार दो सौ चौरासी रुपए”। 5. उक् त जवजनयमों के पररजिष्ट II म,ें खंड (4) म,ें जद्वतीय परंतुक के पश्चात, जनम्नजलजखत परंतुक रखा िाएगा, अथाात्:- "परंत ु यह और कक कमाचाररयों के संबंध म ें जिन्द्होंन े नवंबर 2012 के प्रथम कदवस को या उस कदनांक से सेवाजनवृत्त हुए, उन्द्ह ें महगं ाई राहत िृंखला 1960=100 में औद्योजगक कामगारों के जलए अजखल भारतीय औसत उपभोिा मूल्य सूचकांक के जतमाही औसत में 4440 अंकों के ऊपर प्रत्यके 4 अंकों की, यथाजस्ट्थजत, प्रत्येक वृजि के जलए देय होगी या प्रत्येक जगरावट के जलए वसूली योग्य होगी और ऐस े प्रत्येक 4 अंकों की महगं ाई राहत म ें इस तरह की वृजि या जगरावट मलू पिें न के 0.10 प्रजतित की दर से पररकजलत की िाएगी।” 6. उक् त जवजनयमों के पररजिष्ट III म,ें खंड (ई) के बाद, जनम्नजलजखत खडं िोड़ा िाएगा, अथाात:् - "(एफ) नवंबर 2012 के प्रथम कदवस को या उसके पश्चात सेवाजनवृत्त होने वाले अंिकाजलक कमाचाररयों को छोड़कर कमाचाररयों (अजधकारी और कामगारों दोनों) के संबंध में:[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 वते नमान माजसक कुटुंब पिें न की राजि प्रजत माह (1) (2) रु.11,100 तक ‘वेतन’ का 30 प्रजतित मलू कुटुंब पेंिन तथा (+) भत्तों का 30 प्रजतित, जिनकी गणना भजवष्य जनजध में अंिदान के जलए की िाती ह ै परंतु महगं ाई भत्ते के जलए नहीं, अजतररि कुटुंब पेंिन होगी। परंत ु मूल तथा अजतररि कुटुंब पेंिन का योग न्द्यूनतम रु.2785/- प्रजत माह के अधीन होंगे। रु.11,101 से रु.22,200 ‘वेतन’ का 20 प्रजतित मलू कुटुंब पेंिन तथा (+) भत्तों का 20 प्रजतित, जिनकी गणना भजवष्य तक जनजध में अंिदान के जलए की िाती ह ै परंतु महगं ाई भत्ते के जलए नहीं, अजतररि कुटुंब पेंिन होगी। परंत ु मूल तथा अजतररि कुटुंब पेंिन का योग न्द्यूनतम रु.3422/- प्रजत माह के अधीन होंगे। रु.22,200 से अजधक ‘वेतन’ का 15 प्रजतित मलू कुटुंब पेंिन तथा (+) भत्तों का 15 प्रजतित, जिनकी गणना भजवष्य जनजध में अंिदान के जलए की िाती ह ै परंतु महगं ाई भत्ते के जलए नहीं, अजतररि कुटुंब पेंिन होगी। परंत ु मलू तथा अजतररि कुटुंब पेंिन का योग न्द्यूनतम रु.4448/- प्रजत माह तथा अजधकतम रु.9284/- प्रजत माह के अधीन होंगे। व्याख्यात्मक ज्ञापन पूवाव्यापी प्रभाव से कदए गए उक्त जवजनयमों को संयुि नोटों और जनपटान के जलए सहमत जनयमों व ितों के अनुसार, इस संबंध में संबंजधत बैंकों द्वारा कदए गए जविेष अजधदेि के आधार पर सदस्ट्य बैंकों की ओर से भारतीय बैंक संघ और बैंकों के िीषा स्ट्तर के कामगार संघों तथा अजधकारी सघं ों के बीच हस्ट्तािररत ह।ै इसजलए, इस तरह के पूवाव्यापी प्रभाव से ककसी व्यजि के जहतों पर प्रजतकूल प्रभाव नहीं पड़गे ा। टी. धनराि, मुख्य महाप्रबंधक [जवज्ञापन-III/4/असा./483/2023-24] नोट: प्रमुख जवजनयम भारत के रािपत्र म ें अजधसूचना संख्या एसआरसी/पिें न/223, कदनांककत 29 जसतंबर, 1995 के माध्यम स े प्रकाजित ककए गए थे और अजधसूचना संख्या पने /1/17, कदनांककत 15 जसतंबर, 2017 के माध्यम स े अंजतम रूप स े संिोजधत ककया गया जिस े भारत के रािपत्र के भाग III खंड 4 म ें 11 िनवरी, 2018 को प्रकाजित ककया गया था। INDIAN BANK (Human Resources Department) (Head Office: Chennai) NOTIFICATION Chennai, the 6th October, 2023 F. No. Pen/01/2023(E).—In exercise of the powers conferred by sub-section (1) and clause (f) of sub-section (2) of section 19 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), the Board of Directors of the Indian Bank, after consultation with Reserve Bank of India and with the previous sanction of the Central Government, hereby makes the following regulations further to amend the Indian Bank (Employees’) Pension Regulations, 1995, namely:— 1. Short title and commencement.—(1) These regulations may be called the Indian Bank (Employees’) Pension (Amendment) Regulations, 2023. (2) Save as otherwise expressly provided in these regulations, they shall come into force on the date of their publication in the Official Gazette. 2. In the Indian Bank (Employees’) Pension Regulations, 1995 (hereinafter referred to as the said regulations), in regulation 27, for the note, the following note shall be substituted, namely:—4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] “Note 1: With effect from 1st November 2012, for the purpose of calculating the amount of pension in respect of permanent part-time employees in scale wages who are covered by the Pension Scheme, their actual service shall be reckoned for qualifying service and not pro-rata. Note 2: The actual service or qualifying service shall be calculated from the date of recruitment or appointment as permanent part-time employee in scale wages or from 1st September, 1978, whichever is later.”. 3. In regulation 36 of the said regulations, after clause (e), the following clause shall be inserted, namely:— “(f) rupees two thousand seven hundred and eighty-five per month in respect of an employee, other than a part- time employee, where the employee retired on or after 1st day of November 2012, rupees nine hundred and thirty two per month in respect of a part-time employee drawing 1/3 scale of wages, rupees one thousand three hundred and ninety-seven per month in respect of part-time employee drawing ½ scale wages, and rupees two thousand and ninety-six per month in respect of a part-time employee drawing ¾ scale wages, where the part- time employee retired on or after the 1st day of November 2012.”. 4. In regulation 40 of the said regulations,— (a) in sub-regulation (1),— (i) in clause (b), for the first proviso, the following proviso shall be substituted, namely:— “Provided that the family pension payable to son or daughter (including widowed or divorced) shall be discontinued or not be admissible when the eligible son or daughter starts earning a sum in excess of rupees ten thousand per month from employment in Government or private sector or self-employment, etc.”; (ii) for clause (c), the following clause shall be substituted, namely:— “(c) in the case of parents, the family pension shall be discontinued or not be admissible if the income of one of the parents or the aggregate income of both the parents from employment in Government or private sector or self-employment, etc. exceeds rupees ten thousand per month.”; (b) in sub-regulation (4),— (i) in clause (a), after sub-clause (v), the following sub-clause shall be inserted, namely:— “(vi) eighteen thousand five hundred and sixty-eight rupees per mensem only in respect of employees, both officers and workmen, who retired or died on or after 1st day of November 2012.”; (ii) in clause (b), after sub-clause (v), the following sub-clause shall be inserted, namely:— “(vi) eighteen thousand five hundred and sixty-eight rupees per mensem only in respect of employees, both officers and workmen, who retired or died on or after 1st day of November 2012.”; (iii) in clause (c), after the sub-clause (v), following sub-clause shall be inserted, namely:— “(vi) nine thousand two hundred and eighty-four rupees per mensem only in respect of employees, both officers and workmen, who retired or died on or after 1st day of November 2012.”. 5. In Appendix II to the said regulations, in clause (4), after the second proviso, the following proviso shall be inserted, namely:— “Provided also that in respect of employees who retired on or after 1st day of November 2012, dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every 4 points over 4440 points in the quarterly average of the All India Average Consumer Price Index for Industrial Workers in the series 1960=100 and such increase or decrease in dearness relief for every said 4 points shall be calculated at the rate of 0.10 per cent.of basic pension.”. 6. In Appendix III to the said regulations, after clause (e), the following clause shall be inserted, namely:— “(f) In respect of employees (both officers and workmen) other than part-time employees retiring on or after 1st day of November 2012: Scale of pay per month Amount of monthly family pension (1) (2) Upto Rs.11,100 30 per cent. of the pay shall be the basic family pension and additional 30 per cent. of allowances which are counted for making contribution to Provident Fund but not for dearness allowance, shall be the additional family pension: Provided that the aggregate of basic and additional family pension shall be subject to a[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 5 minimum of Rs.2785 per month. Rs.11,101 to 20 per cent. of the pay shall be basic family pension and additional 20 per cent. of Rs. 22,200 allowances which are counted for making contributions to Provident Fund but not for dearness allowance, shall be the additional family pension: Provided that the aggregate of basic and additional family pension shall be subject to minimum of Rs.3422 per month. Above Rs.22,200 15 per cent. of the pay shall be the basic family pension and additional 15 per cent. of allowances which are counted for making contributions to Provident Fund but not for the dearness allowance, shall be the additional family pension: Provided that the aggregate of basic and additional family pension shall be subject to a minimum of Rs.4448 per month and maximum of Rs.9284 per month.”. Explanatory Memorandum The regulations which have been given retrospective effect are as per the agreed terms and conditions of the settlement and Joint Note signed between the Indian Banks’ Association on behalf of member banks on the basis of specific mandate given by the respective banks in this regard and apex level workmen unions and officers’ associations of the Banks. Therefore, interests of no person shall be adversely affected by such retrospective effect. T. DHANARAJ, (Chief General Manager) [ADVT.-III/4/Exty./483/2023-24] Note: The principal regulations were published in the Gazette of India, vide notification number SRC/Pension/223, dated the 29th September,1995 and lastly amended, vide notification number Pen/1/17, dated the 15th September, 2017 published in Part III, Section 4 of the Gazette of India, dated the 11th January, 2018. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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