MY DEAR FRIENDS,
WE HAVE MADE A LONG JOURNEY WITH OUR FORMIDABLE EFFORTS FROM TIME TO TIME, TO MAKE POWERS-THAT-BE TO UNDERSTAND AND REALISE THE INJUSTITCE METED OUT AT THE BANK RETIREES IN GENERAL AND THOSE OF PRE-2002 RETIREES IN PARTICULAR FOR OVER THREE LONG DECADES!
IN THE PROCESS, WE HAD TO FIGHT OUT WITH THE MANAGEMENT AUTHORITIES AS ALSO THE LEADERSHIP OF THE WORKING UNIONS (UFBU) WHO HAVE BEEN PAYING DEAF EAR TO OUR CRYINGS FOR ALL ALONG THESE 30 LONG YEARS !
AS A CONSEQUENCE OF OUR CONSISTENT EFFORTS, FINALLY WE COULD "TURN THE TABLES" IN OUR FAVOUR WITH THE COMMITTED INVOLVEMENT OF CERTAIN INDIVIDUALS FROM "BEHIND THE SCREEN" .
AT THIS JUNCTURE, I WOULD LIKE TO RECALL THE COMMENDABLE EFFORTS OF OUR SENIOR LEARNED FRIEND -VIZ; SRI UMESH SHARMAJI (Retd.DGM-SBI) WHO WAS SUCCESSFUL FOR HIS EXCLUSIVE PERSONAL INTERVIEWS BOTH WITH OUR HON'BLE PM AND FM, FOLLOWED BY VIDEO CONFERENCE TO BRIEF THE DIGNITARIES WITH FACTS & FIGURES.
THIS IS POSSIBLE ONLY BECAUSE OF HIS CLOSE PROXIMITY TO THE POWER CIRCLES.
I PROFUSELY THANK SHRI SHARMAJI FOR HIS ENDEAVOURS FOR THE CAUSE OF THE RETIREE FRATERNITY.
THIS HAS ULTIMAELY RESULTED IN THE DIRECT INTERVENTION OF OUR HON'BLE FINANCE MINISTER - SMT. NIRMALA SITHARAMANJI WITH HER COMMITMENT TO RESOLVE OUR LONG CHERISHED PENSION REVISION.
TO UNMIST THE FALSE PROJECTIONS MADE IN THE PAST, WE ALSO BROUGHT TO THE NOTICE OF THE AUTHORITIES, THE ACTUAL COST BURDEN TO MEET THE PENSION REVISION ON RBI LINES:
Year DA. Merger @ factor for Revision
1. Pre-1992 1148 600 0.67
2. 1992 -98 1684 1148 0.35 1.61
3. 1998-02 2288 1684 0.24 1.49
4. 2002-07 2836 2288 0.18 1.37
5. 2007-12 4440 2836 0.15 1.76
6. 2012-17 6352 4440 0.10 1.62
BPS STAGE-WISE MULTIPLYING FACTORS FOR PENSION REVISION ON RBI LINES - WITH MERGER @ 6352 POINTS IS WORKED OUT AS FOLLOWS :
01. pre 1992 .. 2.11 x 9.41 =19.85
02. 1992-1998 ..1.61 x 5.85 = 9.41
03. 1998-2002 ..1.49 x 3.93 = 5.85
04. 2002-2007 ..1.37 x 2.85 = 3.93
05. 2007-2012 ..1.76 x 1.62 = 2.85
06. 2012-2017 =1.62
TOTAL PENSIONERS IN PUBLIC SECTOR BANKS- BPS STAGE-WISE REVISION LOAD( Estimated in ₹ crore )
Year. Number of Load per
Retirees Month
-------------------------------------------------------
PRE 1992 7980 ₹ 19.95
1992-1998 15864 ₹ 36.48
1998-2002 76919 ₹153.38
2002-2007 22074 ₹ 37.52
2007-2012 70256 ₹ 59.17
2012-2017 80347 ₹ 36.15
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TOTAL 273440 ₹342.70
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SUMMERY - ESTIMATED AGGREGATE COST OF PENSION REVISION ON RBI LINES …….
(Estimated in ₹ crore)
Retirees Monthly Yearly
PSB 2,73,440 ₹342 ₹4112
SBI 1,30,620 ₹126 ₹1652
--------------------------------------------------
Total:4,04,060 ₹468 ₹5764
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THE ABOVE CALCULATIONS ARE BASED ON THE FOLLOWING
AIBPARC (AIBOC):
https://drive.google.com/file/d/15LF8M6v0OD9tLqDtk1YD_neEkLvFIdHv/view?usp=drivesdk
ABRWS: (ALLHABAD BANK RETIREES' WELFARE SOCIETY)
https://drive.google.com/file/d/15MuSjTKUdUYL1Y0VfjalPJ3xJSr4GtRK/view?usp=sharing
https://drive.google.com/file/d/1ykd5DIJwU60g6FqnsZWjk8SQWqAqjk9S/view?usp=drivesdk
BASED ON THE DATA, THE POINTS RAISED IN THE ABOVE COMMUNICATIONS ARE INDEED WORTH NOTING TO PROJECT THE REAL PICTURE.
IN THE ABOVE BACKDROP, IT'S NOW RELIABLY LEARNT THAT AS PER THE DIRECTIONS FROM MOF/DFS, THE IBA'S SUB.COMMITTEE - COMPRISING OF ITS CHAIRMAN (CEO:PNB), VICE-CHAIRMAN (CEO-CBI) HAVE WORKED OUT ON THE MODALITIES TO GIVE A FINAL SHAPE TO THE LONG AWAITED PENSION REVISION.
WE ARE VERY MUCH THANKFUL TO ALL THOSE WHO COMMITTED THEMSELVES FOR OUR COLLECTIVE CAUSE WITH HEAD AND HEART.
FRIENDS ! THEREFORE, I CAN CONFIDENTLY SAY THAT. ...
SURMOUNTING ALL THE HURDLES, THINGS ARE MOVING IN PROPER DIRECTION AS ENVISAGED.
THEREFORE, LET US BE CONFIDENT ENOUGH TO SECURE OUR LONG AWAITED PENSION UPDATION AT THE EARLIEST...
WITH THE DIVINE BLESSINGS OF MATHA KANAKA DURGA ...ABODE इन्द्रकीलाद्रि - विजयवाद INDRAKEELADRI- VIJAYAWADA.
“|| यतो धर्मस्ततो जयः ||”IS THE ULTIMATE. .....
I remain - Yours ,
దేవులపల్లిశ్రీనివాసమూర్తి /
Devulapalli Srinivasa Murti .
APRIL 20, 2021
VIJAYAWADA 521108
devulapallimurti@gmail.com
9989318300
ACKNOWLEDGEMENTS
https://drive.google.com/file/d/1rq3T1E_o8IqhbJnBx-wJmzLllKT92wCc/view?usp=drivesdk
I THANKFULLY ACKNOWLEDGE AND CONGRATULATE ALL MY COMMITTED COLLEAGUES NUMBERING 17,235 - WHO SIGNED THE PETITION AS ON 24 APRIL 2021 (as @12:22p.m) ECHOING THEIR VOICE IN LETTER AND SPIRIT TO MAKE POWERS-THAT BE TO RESPOND POSITIVELY SOON.... "DEEDS SPEAK LOUDER THAN VOICE"