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Sunday, July 30, 2017

Chitra Rajesh Brindha Raghavan

Pension is valuable...
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It was last week in one of my Face book groups comprising Bank employees  there was a mention about our need to educate our spouse  or inform children etc about the  existence  of Family pension for those who get Pension after retirement from Government service… Bank,etc, They had  also enclosed copies of formats to be submitted by the wife or husband to the Banks along with Aadhar/Pan identification and proof of date of birth from SSLC Book etc.  I got print outs of the formats etc and explained to my wife about the existence of Family Pension for Bank Pensioners. In short it allows Family pension to the spouse of the deceased for life time and to children any up to 25 years age. The pension amount may be just a third of what the Pensioner gets…and as seen Pensioners..Employees are fighting with IBA...or Governments to to increase Family pensions

It was in this connection I was reminded of my father…He served in Kerala state or some statutory Board…Hindu Religious and Charitable Endowments Dept Cochin and retired as the Commissioner…the highest post in the Dept. . .Probably the age of retirement was 55 in Kerala and when he retired many of us his children were stills studying in schools. We are a large family of 13 children and I was the eleventh….He had taken care all of us from his salary income and for a large period from pensions as he had got pension over 30 years after retirement.Of Course the amount of pension  when compared to same today was less..That is another subject of Economics…fall in value of money..Inflation…deflation etc. BUT HIS PENSION  was a permanent  source of income to bring up the children…and I may state all the children got good education...job etc…More than 20 of his children/grandchildren are in USA….5 of them are Physicians, 5 of them Chartered Accountants, more than five of them Engineers..Computer people etc and others a few Bankers, a few Law graduates..Etc.except cricket players and cinema actors and politicians all types of people are there..Of course he did not allow our mother to get any family pension as she passed away earlier. So my point is his Pension was the sole supporter in bringing up a large family and hence Pension is something which is valuable in service.
I too get pension after retirement...being credited on last day of the month..enough for us to survive. And pay the Income Tax thereon..Whenever I get SMS credit for pension I remember the institution the Bank which gives me pension after retirement.

I read in some Malayalam news somewhere recently they had advertised for posts of LDC in Kerala..there were many applicants who were post graduates some of them in Engineering etc..the reason being they need a Government job with assured service conditions and Pension, Family pension etc  etc.
So pension is a valuable source of income after we retire and the family too gets it…

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