Common use of AIBEA Clause in Contracts

AIBEA. In respect of employees who retire on or after 1.5.2005, dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every four points over 2288 points n the quarterly average of the All India Average Consumer Price Index for Industrial Workers in the series 1960=100, at the rate of 0.18 per cent of basic pension.

AIBEA. In respect On and from 1.5.2005, in the case of employees who retire on or after 1.5.2005retired during the period 1.4.1998 to 31.10.2002, dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every four 4 points over 2288 1684 points n in the quarterly average of the All India Average Consumer Price Index for Industrial Workers in the series 1960=100, at . Such increase or decrease in dearness relief for every said four points shall be calculated in the rate of 0.18 per cent of basic pension.manner given below: