MY DEAR FRIENDS, 

 "TO BE OR NOT TO BE"..CURATIVE PETITION IN 100% DA CASE.. LITMUS TEST TO THE LEADERSHIP.... 

The present confusing situation created by the leadership aptly reminds me of the legend poet laureate of renaissance era  - "William Shakespeare's famous soliloquy -  "TO BE OR NOT TO BE ..!" ...

LET US NOT REPEAT ANOTHER HISTORICAL BLUNDER.....

This reminds of the similar confusing situation created by the then leadership of AIBOC during which period I was also the Office-bearer of Syndicate Bank Officers Association (SBOA-) representing AP State. In fact, SBOA has been one of the strong affiliates AIBOC. -

Let me go further into the details......

When it was mooted to introduce the Pension Scheme in the Banking Industry, barring AIBOC, all the remaining organisations had welcomed the move , as a social security measure.

The then leadership of AIBOC who was also heading their affiliate organisation in State Bank Of India, had opposed the scheme on the pretext that he would get the pension scheme as third benefit akin to the one prevailing in SBI .

That's how AIBOC remained as an Odd-Man-Out by prevailing on its membership not to opt . Arithmetical calculations were also shown in support of their stance which was popularly marketed among the membership at large in support of their stance.

Owing to the fact that a major junk of the Officers Community had not opted for Pension, the very viability of the scheme itself had posed a big question among all the rest. The Pension Scheme as prevailed in SBI is in fact by virtue of a statutory provision and has no comparison with other Banks , and therefore, it was impossible to achieve as 3rd.benefit, owing to insufficient corpus even to maintain the break-even for smooth servicing of the scheme as envisaged which was  a ground reality.

The above stance of AIBOC had created a lot of confusion among the officer-employees in general and much in particular the office-bearers of its own affiliates even.

In fact, in one of the Executive Committee Meetings, I opposed the stance taken by the leadership and prepared to tender my resignation as office-bearer as it was even coming in the way of my choice  for the Pension Scheme. However my leadership prevailed upon me not to take that extreme step merely on this count alone and rejected my proposal - That's how relaxation was given to the officers/office-bearers whosoever wanted to opt for the scheme.

Later It is well within the knowledge of everybody that all the affiliates of the Nationalised Banks had formed as a separate entity (logo) within the AIBOC itself to exert pressure on their leadership and to fall in line with all the  other organisations who had to struggle for the 2nd option with prospective effect and that too after paying a "HEAVY PRICE " of refunding the PF amount by the retirees together with interest there on  ! -IT'S INDEED ! A HEAVY PRICE PAID BY THE INNOCENT RETIREES AS PENALTY FOR THE HISTORICAL BLUNDER COMMITTED BY THEIR OWN LEADERSHIP.

In the above context , I urge upon the Leadership of AIBRF to have a thorough introspection considering the following  points thoroughly: 

01. CAN THE LEADERSHIP BE AFFORD TO TAKE DECISION NOT TO PURSUE CURATIVE PETITION ONLY ON MERE ASSUMPTIONS ?

02. WHEN A LOGICAL CONCLUSION IS READILY AVAILABLE - Ie. WITHIN 2-3 MONTHS TIME FRAME OF FILING CURATIVE PETITION, IS IT A PRUDENT PROPOSITION TO WAIT FOR A NEGOTIATED SETTLEMENT WHICH IS NOT IN SITE IN NEAR FUTURE ? :
                      Delay in All the Bipartite Settlements       

   BP No.   Dt. of Effect    Dt. of Settlement      Delay in days
       01.      01 01 1966       19 10 1966                  291  Days
       02.      01 01 1970       12 10 1970                  284  Days
       03.      01 09 1978       01 08 1979                  334  Days     
       04.      01 07 1984       17 09 1984                  078  Days
       05.      01 11 1987       10 04 1989                  526  Days
       06.      01 11 1992       14 02 1995                  835  Days
       07.      01 11 1997       01 01 2000                  791  Days
       08.      01 11 2002       01 06 2005                  943  Days
       09.      01 11 2007       07 04 2010                  908  Days
       10.      01 11 2012       25 05 2015                  935  Days
       11.      01 11 2017          ??  ??                       ??  ?? 
03. CONSIDERING THE STRENUOUS EFFORTS ALREADY PUT IN BY THE LEADERS ON THE FORE FRONT OF THE LEGAL BATTLE/S - CAN WE NOW OFFERED THEM TO LET DOWN ?...  MUCH DETRIMENTAL TO THE LONG AWAITED JUSTICE FOR THE SENIORS?

04. ARE THERE ANY STRONG CREDENTIALS FOR THE CERTAINTY OF A NEGOTIATED SETTLEMENT MUCH BEFORE THE LEGAL REMEDY ?

05. ARE WE NOT THROWING AWAY THE WEAPON IN HAND (CURATIVE PETITION) FOR TOTAL SURRENDERING  TO BE AT THE MERCY OF THE IBA/UFBU  ULTIMATELY, WHICH WE HAVE ALREADY BEEN EXPERIENCING FOR THE PAST SEVERAL SETTLEMENTS- DESPITE THEIR MANIFESTATION  IN BLACK AND WHITE THROUGH  THEIR FAMOUS "MAGNACARTA" (RECORD NOTE)...??

LET US NOT LEAVE THE ROPE IN HAND LOOKING AT THE WATER IN THE MIRAGE.....

.. LET US NOT BE A LAMB TO FOLLOW THE BUTCHER. 

Please go through the contents in the following links for more clarity and better understanding:

https://drive.google.com/file/d/1SE1zeWqZLMk74I6mwAF2afI4rYsCyRRZ/view?usp=sharing

https://drive.google.com/file/d/19GfeRIPrV8RMovoAq0HPV_X11D8CT6oz/view?usp=sharing

https://drive.google.com/file/d/1sS0JKYvCVEbOnOuRlJMoifiRnSukNfIx/view?usp=sharing
https://drive.google.com/file/d/1Gk7Az94zlTgxGd2YnX25hdadhlDOIQjx/view?usp=sharing

https://drive.google.com/file/d/17zN0ySanlDZxYn86Ffou-QNeZQV6eTgX/view?usp=sharing

Let us raise the curtain to welcome  this new year on a happy note......

With Regards and Greetings, 

I remain - Yours,  

దేవులపల్లి శ్రీనివాస మూర్తి 
DEVULAPALLI SRINIVASA MURTI