My Dear Friends,
UPDATION/REVISION OF PENSION .....
AT WHOSE BEHEST, IBA/ UFBU COMBINE (MUCH IN PARTICULAR AIBEA) HAVE BEEN RESORTING TO MISLEAD EVERYONE ..??
ANY CLANDESTINE DEAL IS STILL BEING COCKED UP..??
TO BETRAY THE RETIREE FRATERNITY..... ?? THINK IT OVER...!
THE ABOVE APREHENSIONS ARE NOT BASELESS....
IN THE BACK DROP OF THE JOINT NOTE SIGNED BY FOUR OFFICERS ORGANISATIONS ON 04 01 2021 WHO MADE THEIR UNCONCERNED ATTITUDE "CRISTAL CLEAR"
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:
IBA /UFBU SEEM TO HAVE BEEN STILL WORKING OUT TO DILUTE THE SPIRIT OF PENSION REVISION / UPDATION ON RBI LINES.
IN THIS CONNECTION, I ANNEX HERE THE INSTANT REACTION OF AIBEA WHO MADE THEIR MIND VERY CLEAR ON THE ISSUE VIDE THEIR OWN COMMUNICATION IN 2019 ITSELF:( Ref.28/126/2019/10 DATED 18-4-2019 )
THE EXTRACT OF MY COMMUNICATION DATED 20 04 2019 IS ALSO ANNEXED HERE FOR YOUR PERUSAL:
QUOTE:
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https://drive.google.com/file/d/1hNCjTcGdXyv3xd0aL7WEFxhHVCZ2EIgE/view?usp=sharing
There seems to be lot of variations in the multiplying factors as communicated by AIBEA in its letter ref.No. No. 28/126/2019/10 18-4-2019
AS PER THE RBI COMMUNICATION THE ENHANCEMENT IN BASIC FOR ALL THE RETIREES WOULD BE FAR MORE THAN THE CALCULATIONS AS WORKED OUT BY AIBEA.....
Click the following link for full details:
https://drive.google.com/file/d/1HPXitZoxUWT3XRBPY9u_uTQfAwjt0GPR/view?usp=sharing
The above details are as communicated by Reserve Bank of India, vide their letter ref.No.CO.HRMD No.G.84/18491/21.01.00/2018-2019 dated March 07, 2019.
IN TERMS OF THE ABOVE, THERE ARE LOT OF VARIATIONS IN THE MULTIPLYING FACTORS AS PER THE AIBEA COMMUNICATION WHICH IS TOTALLY MISLEADING AND CONFUSING.....AND IS VERY MUCH AGAINST THE GOVERNMENT GUIDELINES.
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UNQUOTE:
IT'S UNFORTUNATE TO NOTE THAT EVEN AIBRF ALSO HAS BEEN TOEING IN LINE WITH UFBU/AIBEA IN THIS REGARD WHICH NEED TO BE CONDEMNED WITHOUT ANY HESITATION.
మీ ఇంటిల్లిపాదికి భోగి మకర సంక్రాంతి శుభాకాంక్షలు .
With Greetings to you all on the eve of Makarasankranthi / gudipadwa /bhogi / pongal /Lohri
దేవులపల్లి శ్రీనివాస మూర్తి /
Devulapalli Srinivasa Murti January 14, 2021
Ramavarappadu ( po)
Vijayawada 521108
9989318300