PENSION & FAMILY PENSION REVISION IMPACT OF COST BURDEN
Srinivasa Murti Devulapalli <devulapallimurti@gmail.com> January 10, 2021 @ 17:56
TO: All my friends on the mailing list.
My Dear Friends,
Referring to the above , I invite your attention to the Item # 2 of the joint note dated January, 04, 2021 signed by UFBU (FOUR OFFICERS ORGANISATION):
QUOTE: “ It was categorically expressed by IBA in the meeting in Dec’18 that impact analysis is required to understand the load factor in the individual Banks. Hence appointment of two actuaries, as was done in 2009 , should be carried out within a defined time frame”- UNQUOTE:
Four officers associations are more eager than FM and IBA to appoint actuary. And they also want actuary report with huge estimates so that they can claim the cost is huge and avoid updation
Received the enclosed pensioner details data sheet through WhatsApp today for your kind information and perusal
It apprantly shows how the powers that be are befooling pensioners in respect of updation / revision.
LET UFBU EXERT PRESSURE ON THE IBA TO COME OUT WITH THEIR COST-FACTOR DATA FOR OUR COMPARITIVE STUDY . THIS IS A LITMUS TEST TO THEIR SINCERITY / INTEGRITY & CREDIBILITY.
THE DETAILS OF THE DATA : (Link annexed)
https://drive.google.com/file/d/1PlBg7xnWzDZhIc4mOGDnYBOjkwr177qk/view?usp=sharing
We are immensely thankful to our Learned Friend - Sri S.K.Mishraji , B.Tech (electrical)–Pensioner of erstwhile Allahabad Bank (since merged with Indian Bank), Bhopal for his commendable job in compiling the following data:
01. Pay Revision Wise Number of Retired Employees, Survived Pensioners’ & Family Pensioners’ with amounts of Funds for them as on 31.3.2019 and Amounts of Pension paid to these Pensioners’ & Family Pensioners during the financial year 2018-19 (Amounts in Rs. Crores
02. Bank wise & Pay Revision Wise Number of Retired Employees, Survived Pensioners’ & Family Pensioners’ with amounts of Funds for them as on 31.3.2019 With Amounts of Pension paid to these Pensioners’ & Family Pensioners during the financial year 2018-19 (Amounts in Rs. Crores)
03. Multiplying Factors Derived for Pension Revisions Calculations of Impact of Increases given in Pay Revisions after merger of DA at Different Levels of CPI Points
04. Calculations of Times Increase of CPI Points Levels at Different Pay Revisions & Total Impact as Multiplying Factor Derived
05. Estimated Increase of Pension Payments by Pension Revisions & Improvement in Family Pensions (Rs Crores)
06. Estimated Additional Funds Required for Pension Revisions & Improvement in Family Pension ( Rs Crores)
We do not want mere Pension Updation as being propagated by IBA /UFBU.
We demand REVISION OF PENSION ON RBI LINES.
The reasons are more fully explained in the following link for more clarity:
https://drive.google.com/file/d/1T8JsORTVG2KYvPU8d5NfZTrmvJcrClHm/view?usp=sharing
Several MPs irrespective of party affiliations and including our Hon’ble Ex.Prime Minister Sri Manmohansingh ji also have taken up our justified cause with the Government.
WE ARE ALSO THANKFUL TO OUR COMMITTED RETIREE COMRADES STATIONED AT DELHI, FOR THEIR SUCCESSFUL EFFORTS IN SECURING THE DIRECT APPOINTMENTS WITH HON'BLE PM & FM AND CONVINCED THEM OF THE IMPENDING NECESSITY TO RESPOND POSITIVELY TO OUR EARNEST APPEALS...
Ultimately Friends,
Let us hope that all our collective efforts would ultimately culminate into success in the sole interest of justice and fair play …..WITH THE DEVINE BLESSINGS OF MATHA KANAKA DURGA ... ABODE इन्द्रकीलाद्रि - विजयवाद INDRAKEELADRI - VIJAYAWADA.
“|| यतो धर्मस्ततो जयः ||”IS THE ULTIMATE ......
With New year greetings and Regards ,
I remain - yours ,
దేవులపల్లి శ్రీనివాస మూర్తి / Devulapalli Srinivasa Murti JANUARY 10, 2021 Ramavarappadu ( po) Vijayawada 521108
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