CONFUSION IN CARRYING OUT REVISION AS PER CDA CIRCULAR 631

CONFUSION  ON CDA CIRCULAR 631 –TABLE.

The pension of Pre-2006 retired Hony.Nb.Subs  is to be  revised  as Regular Nb.Sub's pension with effect from 01-01-2006  as per  MOD letter dated 21-02-2020.  Subsequently, CDA Circular 631 is issued.

 In that circular, a Table- Annexure- A is attached, where the Rate of pension of Hony.Nb/Sub  at different period is given 

 like as on 01-01-2006,  01-07-2009  and 24-09-2012.

Now, what is the Rate  as on 01-07-2014 and 01-01-2016

This is not given.

Some Bank s are raising the doubt, what is  the Rate from 01-07-2014 and  01-01-2016.   Whether , we can revise  the pension

  up to 24-09-2012 only  or  we have to wait for  one more circular for the  other TWO periods.. 

IT IS  AN UTTER CONFUSION PREVAILING  AMONG THE Banks  for effecting the Revision  .

Our MOD  and CDA  may think over this matter and issue  one more Table  or instruct the Banks to take the Rates as per  OROP ( Cir -555) Tables  for 01-07-2014 and  multiplying by 2.57 factor from 1-1-2016. So that  Banks can easily revise the pension

All our ESM Associations are requested to take up the issue with appropriate authorities.  .