Bharat Pensioners Samaj (BPS) established in 1955, is an all India Federation of Pensioners' Associations. It functions as a nodal point for pensioners supported by central and state governments and quasi-governmental organizations. It highlights the difficulties faced by Pensioners and other Senior Citizens at various forums and strives to resolve the grievances of its members by negotiating with appropriate authorities..
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Expected IDA from January 2014 for PSU
Expected IDA Increase From January 2014 for PSU Employees
The Expected IDA w.e.f. 01-January-2014 may increased by 4.5% to 5.8% i.e upto from 90.0% to 91.3% depends upon the Average All India Consumer Price Index Number (Industrial Worker) of the months September-2013, October-2013 & November-2013.
The AICPI of the months Sep'13, Oct'13 &Nov'13 will be declared on 31-October-2013 & 29-November-13 &31-December-2013 respectively. The AICPI of the months Sep'13 & Oct'13 are 238 & 241 as it is declared on 31-October-2013 & 29-November-2013 respectively. Even if there is no increase in AICPI , there will be IDA Increase by 4.5%. The actual IDA will be declared on 31-December-2013.
AICPI of Oct'13: 241 Top 10 Projections:
Source : www.idapsu.blogspot.in [http://idapsu.blogspot.in/ |
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Item
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HEARD BY
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PETITION NO. & YEAR
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LEAD PETITIONER
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NEXT
DATE FIXED FOR HEARING |
REMARKS IN BRIEF
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1
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CAT-PB
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OA 1165 / 2011
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Pratap Narain & Ors Vs.
MOP/DOP
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19.12.13
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Case
is for modified parity plus full pension on
20 years of service w.e.f. 1.1.2006. Govt. submitted its Counter on
11.07.12. Copy of Counter received on 17.12.12 and four weeks time was
allowed for submission of Rejoinder.
In the meanwhile, MOP,DOP&PW vide OM No. 38 /37 / 08-P&PW(A) dated
28.01.13 has unilaterally issued orders accepting fixation of revised pension
at 50% of sum of minimum of the pay in the pay band corresponding to the
Table from which a pensioner had retired but prospectively i. e. from
24.09.12. Two issues are still remaining to be settled, namely, arrears from
1.1.06 and full pension at 20 years of
service as per Cabinet approved Resolution dated 29.08.08. On
12.7.13 Petitioners Advocate received
suplimentary Counter Affidavit from
GOI. Rejoinder to this by Petitioners Advocate was submitted on 24.7.13.However,
Sitting of Court didnot take place on 25.7.13 and next date of hearing was
fixed as 17.9.13..
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2
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CAT-PB
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OA 2165 / 2011
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KR Srinivasan & Ors Vs.
MOP/flOP
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19.12.13
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Same as for item 1 above.
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3
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CAT-PB
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OA 247 of 2012
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17 Petitioners
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19.12.13
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Same as for item 1 above.
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4
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Ser.Ben.203 / 2010
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s29 UP Officers
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No further listing
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The
case is for modified parity i.e.
revision of pension at 50% of sum of minimum of the pay in the pay band plus
the grade pay corresponding to the pre revised pay scale from which a
pensioner had retired, in terms of
Resolution dated 29.08.08, effective 1.1.2006. Petitioners are pre
2006 Pensioners belonging All
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5
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WP(C)3359/
2010
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Ex.Para Military (s29,s26)
Association Vs UOI
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14.02.14
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The
case is for modified parity i.e.
revision of pension at 50% of sum of minimum of the pay in the pay band plus
the grade pay corresponding to the pre revised pay scale from which a pension
had retired, in terms of Resolution
dated 29.08.08, effective 1.1.2006. MOP,DOP&PW vide OM No. 38 /37 /
08-P&PW(A) dated 28.01.13 has unilaterally issued orders accepting
fixation of revised pension at 50% of sum of minimum of the pay in the pay
band plus grade pay corresponding to the Table concerning to pre revised pay
scale from which pensioner had retired effective 24.9.12..Issue remains to be
settled is for arrears from 1.1.06 as per Cabinet approved Resolution dated
29.08.08. Petioners submitted an application which was heard on 16.07.13. UOI
wanted time to file reply which was given. Heard on 1.10.13 and Order passed by Delhi HC Bench comparising
of J. Ms Gita Mittal and Ms Deepa
Sharma on 1.10.2013 : C.M. No. 10237 / 2013. "We are informed by
Mr.Rohit Kr. Singh that the a Special Leave Petitioner assailing the judgment
dated 29th April, 2013 passed by this court in W.P.(C) 1535 / 2012
has also been dismissed on 29th July, 2013. It is stated that
contempt proceedings have been initiated by the petitioner in that
writ petition against the respondents for non-compliance. Ms. Saahila Lamba,
counsel for the respondent seeks further time to ascertain the
position with regard to the applicability of the said pronouncement and its
implementation. Last opportunity is granted to her.
List on 29th October, 2013 on the request of the
respondent." Case heard on 29.10.13 when Govt. Counsel again pleaded
that a number of Central Govt. SLPs on same issue are coming up for hearing
on 1.11.13 in Supreme Court and sought time to wait for the same, which was
granted.
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6
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Supreme Court
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Contempt Petition (Civil)
64/2009
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SPS Vains, Major General &
Ors.
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10.02.14
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This
case is for grant of Modified Parity in terms of MOP,DOP Resolution dated
29.8.2008, after including the same in Special Instructions. Petitioners are
pre 2006 retirees Major Generals. MOD vide letter No. 1(11)/2012-D(Pen
Policy) dated 17.01.13 has already
stepped their revised pension at
50% of sum of minimum of the pay in the pay band 4 plus grade pay and
MSP, all corresponding table of pre revised pay scale from which they
retired but w.e.f. 24.9.2012 and NOT
1.1.2006. Issue remains to be
settled is for arrears from 1.1.06, the date of
implementation of SCPC Report.On 17.10.13,during hearing UOI sought time again and got
it till 11.11.13.
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7
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Supreme Court
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Civil Appeal
2966 / 2011 |
U0I Vs SPS Vains Mj. General
& Ors
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10.02.14
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This
case is same as CP(C) No.64 of 2009 except that in this case Petitioners are UOI &
Ors. and Respondents are Pensioners. Issue
remains to be settled is for arrears from 1.1.06, the date of
implementation of SCPC Report. Both
cases are being heard together by the
hon.ble Supreme Court. On 17.10.13, during
hearing UOI sought time again and got it till 11.11.13.
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8
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Supreme Court
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Civil Appeal 8875-8876 of
2011.
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U0I & Ors.Vs. Vinod Kumar
Jain & Ors
(Avtar Singh)
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04.02.14
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The
case is for modified parity i.e.
revision of pension at 50% of sum of minimum of the pay in the pay band plus
the grade pay corresponding to the pre revised pay scale from which a pension
had retired, in terms of Resolution
dated 29.08.08, effective 1.1.2006. AFT has given Judgment in favour of
Pensioners but UOI has gone in appeal to Supreme Court. In the meanwhile, MOD
vide letter No. 1(11)/2012-D(Pen Policy) dated 17.01.13 has unilaterally
issued orders accepting fixation of revised pension at 50% of sum of minimum
of the pay in the pay band corresponding to the Table but prospectively i.e.
from 24.09.12. Issue remains to be settled
is for arrears from 1.1.06, the
date of implementation of SCPC Report.Hearing couldnot take place on 16.8.13
and 27.9.13. Case clubbed with SLPC 18339-341. Heard
on 1.11.13. Delinked from SLPC 18339-341 and case adjourned for
02.02.
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9
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Supreme Court
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Civil
Appeal 5367 -5368 Of 2005
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Principal
Secretary, Govt. Finance and Planning
Deptt., Andhra Pradesh Vs. A.P. Pensioners
Samaj.
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25.10.13.
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Three
Judge Bench Matter.
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10
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WPC No. 4572 of 2012
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All
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DOJ
19.8.13.
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Full
parity case wherein writ, order or direction
sought are : (a) setting aside the
impugned judgment dated 6th March, 2012 passed by the Hon’ble
Central Administrative Tribunal, Principal Bench, New Delhi in O.A. No.937 of
2010; (b) calling for the records of the case from the Respondent
Authorities; (c ) granting the reliefs prayed for by the Petitioners in their
Original Application No.937 of 2010 filed before the Hon’ble Central
Administrative Tribunal, Principal Bench, New Delhi; and Judgment thereof..
DHC has obsrved in operating paras : we set
aside the impugned decision(s) dated March 06, 2012 and
simultaneously we restore OA No.937/2010 and OA No.2101/2010
for fresh adjudication on merits by the Tribunal on the claim of
the petitioners for full parity. The decision shall be rendered after
giving full opportunity of hearing to the petitioners and the
decision dated November 01, 2011 passed by the Tribunal in the
case of S-29 scale retirees shall not be treated as binding upon it by the
Tribunal for the reasons on the subject of full parity the said
decision was pronounced notwithstanding
said retirees giving up the claim for full parity. The matter would be
decided in remand as early as possible and preferably within
three months from today. Parties shall appear through their counsel before
the Registrar of the Tribunal in the two original applications on
September 09, 2013 on which date OA No.937/2010 and OA No.2101/2010 shall be
listed before the Registrar.
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11
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CAT-PB/Delhi
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Contempt Petition No.158 of 2012
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CG SAG (S29) Pensioners
Association, Shri Satish Verma, Rtd.CE Vs. Shri RC Mishra, Sec. DOP, MOP,GOI.
and Shri Sumit Bose, Sec.DOE,MOF,GOI.
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18.12.13
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This
Petition is against non-compliance of orders passed by CAT-PB while giving
Judgment in case of OA 0655/2010 with
other OAs. In view of IR granted by
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12
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Supreme Court
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SLP (Civil) 19784 of 2013 with
SLP(C)CC
12122,12366,12373,13325 & 14816.
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Haryana Viduat Prasaran
Nigam Ltd & Ors Vs R K Agarwal and
Ors
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DOJ
28.10.13
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This SLP is againsst Punjab and Haryana High Court Judgment in
case of CWP No. 19641 of 2009 R K Agarwal &Ors. Vs. HVPN Ltd & Ors.
dated 21.12.2012. Hearing took place wheein Haryana Advocate pleaded about
Haryana Regulations for Pensioners and about financial implications which
Respondents Advocate opposed. Court
was not impressed but allowed them to put up their arguments in writing for
orders before next hearing which was fixed for 28.10.2013.SLPs Dismissed. No
further information.
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13
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Supreme Court
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SLP (C) 23055
of
2013
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UOI & Ors
Vs CGSAG Pensioners Assoc.& Ors.
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DOJ 29.07.13
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UOI has filed this SLP against the Delhi High
Court Judgment dated 29.4.13 in case
of WP(C) 1535 of 2012. This case was
heard by Hon.ble Supreme Court on 29.07.2013 with SLP(C) CC No.13280 of 2013,
UOI Vs Atma Singh (arising out of
P&H HC Judgment)
and issued following Orders of Dismissal : "We
are not inclined to interfere with the order
passed by the High
Court. Consequently, the
special leave petitions are dismissed.
However, the petitioners are at liberty to raise all points before the Tribunal as and when the
appeal, including the contempt petition is preferred."
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14
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CAT-PB
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OA No. 937 of 2010 and OA No.
2101 of 2010 (DHC order for Fresh Adjudication)
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All
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No further listing.
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Hon.ble
Delhi High Court, in WP(C) 4572 of 2012 in case of All India S30 Pensioners
Association Vs. UOI has, by order dated
19.8.2013, has restored these two OAs for fresh adjudication on merits
on the claim of full parity, giving full opportunity of hearing the petitioners, without binding
decision
given
on 1.11.2011 in case of OA No. 655 of 2010. Delhi HC has furtehr ordered
that the matter would be decided in
remand preferably within three months from 19.8.2013 and case be listed for
hearing by on 9.9.2013, when both parties
would appear before Registrar of CAT-PB.Not heard on 25.9.13.
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15
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Supreme Court
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Contempt Petition (Civil) No.
328 of 2013
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N.K. Nair & Anr. Vs Shashikant Sharma & Ors.
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10.01.14
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While
implementing 4th CPC Report pay of Army , Navy and AF Officers upto Brigadier
level and equivalent, was fixed without adding Rank Pay. Hon.le Supreme Couart vide Judgment dated 4.9.12
had directed for refixation of their pay after adding the Rank Pay and
arrears paid accordingly. MOD issued
orders on 27.12.12 for implementation of the said Judgment. CP(C) 328 of 2013
has been preferred in Supreme Court with
plea that (1) Judgment should be implemented w.e.f. 1.1.1986 and not
as on 1.1.1986,(2) Minimum of Pay in
Integrated Pay Scale for each Rank of officers given in SAI 1/S/87 for Amy
and equivaalent officers in Navy and
AF should also be raised,(3) Maximum of Integratred Pay scale i.e. 5,100 should also be raised and (4) Refixation of
revised pay on 1.1.1996 (5th
CPC) and 1.1.2006 (6th CPC) should be
done again on the basis of law set by
the above mentioned Judgment of the Apex Court, now, meaning
thereby, that, the revised pay should be
refixed by adding into existing pay the admissible component of Rank Pay or MSP, as the case may be and,payment of
arrears be made,accordingly. Further, it is learnt that the Attorney General for
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16
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Supreme Court
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SLP(C)CC No.18339 -341
of 2013
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UOI Vs DL Vhora & Ors.
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04.02.14
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These SLPs (along with
applications for condoning delay) have been filed by UOI against
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17
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Supreme Court
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SLP(C) 19784
SLP
(C) CC 12122, 12366, 12373, 13325, 14816, all of 2013.
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H V P N L
Vs. R K Agarwal and Other 5
Respondents
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DOJ 28.10.13
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These SLPs (along with
applications for condoning the delay) are against P&H High Court
Judgments granting Modified Parity to
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18
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Supreme Court
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Review Petition(Civil)No.
2492 of 2013.
31861
of 2013
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UOI Ors.
Vs s29 SAG Pensioners
Association
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DOJ
12.11.13
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This
Review Petition(Civil) has been filed on 4.10.13 and is under scrutiny. This
is against Judgment of dismissal given by hon.ble Supreme Court in case of
UOI Vs. s29 Pen. Assoc. SLP(C) No. 23055 on 23.07.13.The
RP was taken up in Chamber by the hon.ble Supreme Court and following order
were passed on 12.11.13 : Delay condoned. Oral hearing rejected. No merit in
case. RP dismissed.
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19
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Supreme Court
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SLP(C) 33864 of 2013
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U.O.I,SECRETARY,MIN OF COMMUNICATION&ORS Vs RAM KISHAN
PANIPAT
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DOJ
28.10.13
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Heard on 28.10.13. Hon.ble Supreme Court passed following order : We are
not inclined to interfere with the order passed by the High
Court.Consequently,the special leave petition is
dismissed. However, the petitioners are at liberty to raise all
points before the Tribunal as and when the appeal, including the
contempt petition is preferred.
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Filling Gaps the Gaps
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By Dipak K. Mondal
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TIPS TO LOWER FINANCIAL STRESS WHEN YOUR PARENTS ARE ABOUT TO RETIRE
IT MIGHT have passed as a non-event, for you were preoccupied with life, career and family. Retirement of parents can come quietly, without stirring your finances. Or, it may throw up many questions with a long-term bearing on your budget, investments and sundry other financial matters. Your parents ended their working years with a big fund, a home and dream of living comfortably. Life, though, can be cruel. Old age comes with its share of problems— diseases, faster-than-expected erosion of wealth, children fighting for financial legacy, etc. These can be a drain on your finances too if you do not plan in advance. Taking care of parents in their old age is not just a financial but also an emotional issue. You can’t ignore either. Lastly, how you deal with your parents’ retirement will be a learning experience that you can use to plan your own retirement. As we talked about the possibility of parents’ retirement throwing up tough questions, here are a few questions whose answers may help you plan your finances in a better way.
HAVE THEY SAVED ENOUGH?
A lot depends upon the answer to this question. If you have access to the internet and patience to look for a retirement fund calculator, it’s easy to see if your parents have saved enough to last their post-retirement life.
Find out if they have saved enough. If not, see if they have time to reach the goal. Is yes, increase savings, if necessary, and invest a part of the funds in risky instruments such as equities that can give higher returns. You also need to brace yourself for extra savings to support your parents in later stages of their life.
DO THEY HAVE HEALTH COVER?
Health could be your parents’ biggest expense after retirement. Given the sharp rise in health costs (15-20 per cent a year), it is likely that a lot of money will go towards medical expenses as your parents age. If your parents have health insurance, they have saved you and themselves many hassles. This is because few insurers are happy to cover people after they cross the age of 50. “Each insurance company goes by its underwriting principles and uses discretion to accept or reject a particular risk. Generally, insurers reject applications when they find that the applicant’s health is adverse with respect to their underwriting guidelines,” says Antony Jacob, chief executive officer, Apollo Munich Health Insurance.
But can you include them in your family floater policy? Yes, but doing so will increase costs substantially, as premiums for family floater plans are based on the age of the oldest family member. Besides, many insurers do not cover parents who are more than 65 years old in family floater plans.
But there is a way out. Many health insurance companies have special plans for senior citizens. These usually provide cover for life, but are very expensive. “If your parents do not have health insurance, they can buy a policy for senior citizens. It may be expensive but will be worth it,” says Suresh Sadagopan, a certified financial planner and founder, Ladder7 Financial Advisors. For senior citizens, the cover should be on the higher side. So, buy each parent an individual cover of `3-5 lakh and add a top-up cover of up to `10 lakh. A cover of `5 lakh for a 60-yearold will cost between `17,000 and `29,000 a year.
You can claim income tax deduction up to `20,000 if you are paying premium for your parents’ (if they are above 60) health insurance. This is besides the `15,000 deduction for premium paid to cover self, wife and children. This means you can claim tax deduction up to `35,000 every year on account of health insurance alone.
You must also build an emergency fund to take care of your parents’ medical needs.
ARE THEY INVESTING WISELY?
The two factors that must decide where the retirement money is invested are regular income and safety. Also, it makes sense to ensure that the tax outgo is reduced as much as possible.
Monthly income scheme/plans: If your parents’ pension does not cover their expenses, they can invest a part of the retirement fund in monthly income schemes (MIS) of banks and post offices. These offer guaranteed monthly income, unlike mutual funds’ monthly income plans (MIPs), which do not guarantee regular monthly dividends. The post office MIS is offering 8.4% interest at present.
“The immediate impact of retirement is on monthly income. Analyse whether parents’ expenses can be met by their existing investment plans, pension plans and assets. If not, you can look at MIPs or post office MIS,” says Mahesh Tadepalli, financial adviser and head of research, Arthayantra.
Life insurance annuity products: These give regular income. You invest a lump sum with an insurer, which pays you according to the existing rate of return. The payment frequency can be monthly, quarterly or yearly. The rates are benchmarked to medium- to long-term government bonds.
Senior Citizen Savings Scheme (SCSS): It is for people who are at least 55 years old. It can be another source of regular income, though interest payments are quarterly. The present rate of return is 9.2 per cent. It keeps changing according to the interest rates in the broader market. The maximum amount that can be invested in the SCSS is `15 lakh. The tenure is five years, extendable up to three years. While life insurance annuities and the SCSS offer tax deduction benefits under Section 80C, their returns are not tax-free.
INVESTING SAFELY
The remaining funds can be invested in safe instruments such as bank fixed deposits, public provident fund, tax-free bonds and debt funds. Life insurance: If your parents have life insurance plans, get rid of them. They do not need life cover as they don’t have big financial liabilities at this stage. “Parents usually have no financial responsibilities and have sufficient money to take care of their post-retirement needs in the form of pension or a big corpus. If this is the case, they should get rid of their life insurance policies. Instead, they should increase the medical cover,” says Shilpi Jain, a certified financial planner.
You must also ensure that they do not invest their retirement funds in life insurance products due to reasons mentioned earlier. This is because investments in insurance products are illiquid and have long tenures. In fact, if you have to support your parents after retirement, you will have to factor in that cost. This necessarily means increasing your life
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| View live speeches of diganataries click URL : https://www.youtube.com/channel/UCtDf-8yLzZ6SoIddpksudvg  |
| Chandramowli Secy C.G. & postal & DAN Sarma MCM |
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| D.N.Chapke President AISCCON |
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| President AIRROA Secunderabad |
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| S.C.Maheshwari Secy Genl. BPS |
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| M.Somasekhara Rao. VP (SZ) BPS |
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| Shankar Rao Genl. Secy. SCRMU |
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| Bimalandu Ckakraborty Secy (RLY) BPS |
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| R.N.Dutta VP.(E.Z) BPS |
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| M.K.Kapse Genl Secy NRPA C.Rly -Ajni receiving award |
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| Prakash yende Secy EPS 95 BPS |
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| Vasandhrajan Representing NFRPA Palghat |
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| Karlekar Genl Secy AICGPA Pune |
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| Prakash yende Secy EPS 95 BPS |
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| Ratnam Genl. Secy. AP State Federation |
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| Sridhara AIFPA Chennai Delegate |
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| Sudhakaran NFRP Palghat Delegate |
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| Prof. Bala Agreed to give free office accomodation at Hyd |
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| SV.Deshpandey Secy. BSNL BPS |
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| Harchandan Singh Secy. (NZ) BPS |
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| R.N.Tripathi Wkg President BPS |
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| R.N.Tripathi Wkg President BPS |
| View Live speeches of dignitaries https://www.youtube.com/channel/UCtDf-8yLzZ6SoIddpksudvg  |
| Dr K.R.Gangadharan.Chief Guest arriving at venue |
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| Dr .K.R.Gangadharan being garlendin |
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| S.G.Mishra Genl Secy AIRF arriving at the venue |
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S.C.Maheshwari Secy. Genl. BPS greeting S.G.Mishra Genl Secy AIRF |
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| Chief Guest Dr.K.R.Gangadharan president IFA relesing Souvenir |
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| DR Gangadharan praising Souvinir while addressing the audience at 58th BPS AGM |
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| S.G.Mishra being presented BPs Plaque |
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| Genl. Secy AIRF addressing 58th BPS AGM |
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| S.G.Mishra Genl. Secy AIRF awarding Daya Maheshwari Memorial Trophy to SEC.Rly Pensioners Association Nagpur |
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| DR. Gangadharan President IFA awarding S.P.Vatta memorial Trophy to C.G.Pensioners Association Mizoram |
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| S.C.Maheshwari garlending S.G.Mishra |
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| Dias of 58th BPS AGM |
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| D.N.Chapke President AISCCON being garlended by DAN Sarma |
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| Singing of Vande Matram |
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| Singing Vande Matram |
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| A section of Audience |
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| Another section of Audience |
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| President AIRROA being honored by Secy. Genl. BPS |
