Pension to RRB employees Updates - 4

Yesterday (4.6.2012), AIRRBEA informed about the expected Govt. order on Pension parity. The 
Copy of the Govt. order is yet to be received. AIRRBEA is very much concerned about the following two areas.

1) GOI is expected to direct that the RRBs having accumulated loss will not be allowed to
extend the benefit of pension parity till the respective RRB would wipe out the entire
accumulated loss. Pension would be due to all the RRB staff irrespective of profit and loss
from the same date but immediate cash out flow from such RRBs for pension payment would not be allowed in the following RRBs.

Sl. No.	Name of the RRBs	Amount of accumulate loss (in lakh)
1	Arunachal Pradesh Rural Bank	4284.97
2	Langpai Dehangi Gramin Bank	123.50
3	Bihar Kshetriya Gramin Bank	2414.86
4	Samastipur Kshetriya Gramin Bank	1629.00
5	Ellaquai Dehati Bank	14030.00
6	Jammu & Kashmir Grameen Bank	3235.00
7	Vananchal Gramin Bank	3401.97
8	Jhabua Dhar Kshetriya Gramin Bank	605.41
9	Mahakaushal Kshetriay Gramin Bank	3829.00
10	Maharashtra Gramin Bank	2591.56
11	Wainganga Krishna Gramin Bank	2231.66
12	Manipur Rural Bank	4115.95
13	Nagaland Rural Bank	660.46
14	Baitarani Gramya Bank	2042.30
15	Kalinga Gramya Bank	29866.00
16	Utkal Gramya Bank	13198.38
17	Mewar Aanchalik Gramin Bank	900.92
18	Tripura Gramin Bank	330.83
19	Kshetriya Kisan Gramin Bank.Mainpuri	3345.42
20	Bangiya Gramin Vikash Bank	29299.00
21	Paschim Banga Gramin Bank	12170.00
22	Uttarbanga Kshetriya Gramin Bank	519.00

2) Sharing of Pension Fund of the respective RRB by the employees and officers of the RRB
In the Govt. order it is also expected that employees and officers of the respective RRB will
have to share 30% of the burden of Pension Fund. Say, Aryabarta RRB would require 100 crore
for its total Net Pension Fund. In that case all the regular staff members of the RRBs who
have joined the respective RRB before 1st April, 2010 will have to pay 30 (thirty) crore to
the respective RRB as employees share of Pension Fund as per 9th Bipartite Settlement.

Urgent meeting of the Working Committee (i.e. Office Bearers and State Secretaries) of
AIRRBEA would be held at Kolkata on 8th July, 2012 to review the entire scenario.