Question : DEARNESS ALLOWANCE TO RETIRED PENSIONERS OF BANKS



(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 alongwith 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 given by the minister


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.