AISBOPEF CIRCULAR NO. 02/2014

Enhancement in Ex Gratia Pension to Pre-1986 Retirees/surviving spouses

 Units are aware that as per the Government scheme, those who had retired from the Bank’s service prior to 1-1-1986 are being paid an Ex Gratia Pension of Rs. 300 + DA per month.  Similarly, the surviving spouse of these retirees are being paid a lump sum ExGratia of Rs. 1000 per month (without DA).  From AIBEA we have been taking up the issue with the IBA and Government for improving this ExGratia  amount.  We are happy that the Government has recently agreed and accordingly advised IBA for improvement in the ExGratia as under:

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