Srinivasa Murti Devulapalli <devulapallimurti@gmail.com>
2 June 2021 at 22:05
To: All my Friends on the mailing list.
MY DEAR FRIENDS,
RE: REVISION OF PENSION / FAMILY PENSION
It's well within the knowledge of every one that but for playing to the gallery, the working organisations (UFBU) and their retiree outfits have not been evincing any serious concern for the plight of the retirees . We have been literally ditched for over three decades on some pretext or the other. .
With the concerted efforts of a few committed comrades, Our Hon'ble Finance Minister Smt. Nirmala Sitharaman ji took initiative for our cause .
Since then, lot of follow-up efforts have been done - by a few - organisationally / individually.
In this regard, I annex here a copy of the letter addressed by AIBRAF (# 304/21) dated 01 06 2021 addressed to Smt. Nirmala Sitharaman ji, our Hon'ble Finance Minister. The contents are self-explicit.
With greetings and regards,
“|| यतो धर्मस्ततो जयः ||” IS THE ULTIMATE......
I remain – Yours,
దేవులపల్లి శ్రీనివాస మూర్తి
DEVULAPALLI SRINIVASA MURTI
devulapallimurti@gmail.com
02 06 2021
Ramavarappadu (PO) :: VIJAYAWADA 521108
9989318300
QUOTE:
============
ALL INDIA BANK RETIREES ACTION FORUM
(Regn No. 1539/2019 Delhi)
Executive and Correspondence Address: G-11/1, MALVIYA NAGAR , NEW DELHI-110017
MOB NO. 91-9899466615, 8851229803, 7903207172, 9915394750 e-mail: aibr.action.forum@gmail.com
Ref No. AIBRAF/304/21
Date 01st June, 2021.
Hon’ble Smt. Nirmala Sitharaman ji, Union Minister of Finance, Government of India, Ministry of Finance, North Block, Central Secretariat,
NEW DELHI-110001,
Hon’ble Respected Madam,
Sub : REVISION / UPDATION OF PENSION & FAMILY PENSION IN BANKING INDUSTRY.
Ref : Our letters addressed to you:
AIBRAF/28/19 dated 29.03.2019 - AIBRAF/42/19 dated 03.06.2019 AIBRAF/50/19 dated 06.06.2019 - AIBRAF/51/2019 dated 06.06.2019 AIBRAF/67/19 dated 05.08.2019 - AIBRAF/128/20 dated 25.01.2020 AIBRAF/161/20 dated 07.09.2020 - AIBRAF/172/20 dated 10.10.2020 AIBRAF/182/20 dated 03.11.2020 - AIBRAF/189/20 dated 09.11.2020 AIBRAF/191/20 dated 20.11.2020 - AIBRAF/198/20 dated 09.12.2020 AIBRAF/201/20 dated 14.12.2020 - AIBRAF/208/20 dated 31.12.2020 AIBRAF/226/21 dated 25.01.2021 - AIBRAF/236/21 dated 08.02.2021
We wish to invite your kind attention towards your concern which was expressed by your good-self during an interview in "Business Line" and again in the General Body MEETING of Indian Banks Association which is a mediator between Finance ministry, Banks and Bank Unions represented by UFBU recognised as the Negotiating team for the periodical Wage Revision as well as Pension Revision in Banks.
Your statement aroused hope amongst the Bank Retirees community for a good news of Revision of Pension which is pending from the last over twenty five years.
The Bank Retirees have been looking forward to all the three parties, i.e Finance Ministry, IBA and UFBU but even after a lapse of seven months, we are desperate to find no progress in the matter. We are surprised as to how your concern about this issue is being ignore by IBA and UFBU and has not moved even a single inch.
We can very well understand the priority of the Government to deal with the Corona pandemic but even then, it is a fact, that the government is taking decisions in the vital issues concerning public and passed some bills in the Parliament. The issue of Pension Revision in the Banks is being underestimated and found in no priority of the Government inspite of the fact that it is as old as over twenty five years and over four lacs Retirees and their families are affected and suffering financially as well as medically due to Non Revision of their Pension and Family Pension
It has also been observed that the statement given by Finance Ministry to few questions placed in the Parliament by Hon'ble Members of Parliament are far away from the fact.
The fact is that the pension was implemented in Banks retrospectively in 1993 w.e.f 1986. The Pension Regulation was constructed in 1993 by a Small Committee consisting of Unions and Indian Bank Association as agreed on the basis of the Pension Regulations of Reserve bank of India and Central Government Employees. As per Pension Regulations, the Pension & Family Pension is to be Revised alongwith every Wage Revision. Several judgements and direction for the justification of periodical Revision of Pension and the Constitutional justification has been given by our Hon’ble Supreme Court but being ignored till date. We have given all details and explained the clauses of the Pension Regulation 1993 in our several above noted letters which are self explanatory and do not feel any reason or necessity to be re-explained time and again.
The most significant aspect of the issue is that the Revision will not be a financial burden on the Banks Profitability as in the case of burden on exchequer of the Central Government due to Pension Revision of the Central Government Employees. There are adequate funds lying in the Pension Trust Accounts created by the surrender of Employer's share of Provident Fund of every Bank which is above ₹2.50 lacs Crores and the income generated on its investment in Government securities can bear the burden of revision. So, there is no reason to delay the Pension Revision contending that the Banks are in financial difficulties. It is to be submitted here that the Negotiating team for the periodical Wage Revision as well as Pension Revision in Banks. Your statement aroused hope amongst the Bank Retirees community for a good news of Revision of Pension which is pending from the last over twenty five years. The Bank Retirees have been looking forward to all the three parties, i.e Finance Ministry, IBA and UFBU but even after a lapse of seven months, we are desperate to find no progress in the matter. We are surprised as to how your concern about this issue is being ignore by IBA and UFBU and has not moved even a single inch. We can very well understand the priority of the Government to deal with the Corona pandemic but even then, it is a fact, that the government is taking decisions in the vital issues concerning public and passed some bills in the Parliament. The issue of Pension Revision in the Banks is being underestimated and found in no priority of the Government inspite of the fact that it is as old as over twenty five years and over four lacs Retirees and their families are affected and suffering financially as well as medically due to Non Revision of their Pension and Family Pension It has also been observed that the statement given by Finance Ministry to few questions placed in the Parliament by Hon'ble Members of Parliament are far away from the fact. The fact is that the pension was implemented in Banks retrospectively in 1993 w.e.f 1986. The Pension Regulation was constructed in 1993 by a Small Committee consisting of Unions and Indian Bank Association as agreed on the basis of the Pension Regulations of Reserve bank of India and Central Government Employees. As per Pension Regulations, the Pension & Family Pension is to be Revised alongwith every Wage Revision. Several judgements and direction for the justification of periodical Revision of Pension and the Constitutional justification has been given by our Hon’ble Supreme Court but being ignored till date. We have given all details and explained the clauses of the Pension Regulation 1993 in our several above noted letters which are self explanatory and do not feel any reason or necessity to be re-explained time and again. The most significant aspect of the issue is that the Revision will not be a financial burden on the Banks Profitability as in the case of burden on exchequer of the Central Government due to Pension Revision of the Central Government Employees. There are adequate funds lying in the Pension Trust Accounts created by the surrender of Employer's share of Provident Fund of every Bank which is above ₹ 2.50 lacs Crores and the income generated on its investment in Government securities can bear the burden of revision. So, there is no reason to delay the Pension Revision contending that the Banks are in financial difficulties. It is to be submitted here that the Pension Revision has been implemented in Reserve Bank of India and NABARD which are governed by the similar Pension Regulations. In view of the foregoing and the fact that over four lacs Bank Pensioners & Family Pensioners are deprived of their legitimate right of Revision in Pension & Family Pension and over two lacs pensioners have died due to old age, age related diseases and now with Corona.
We hope that a serious note of this issue will be taken considering it as significant as other issues and necessary directions will be given to the Indian Bank Association to hold a meeting with representatives of the Ministry of Finance to decide the matter without any further delay.
I hope to hear from you at the earliest.
Yours faithfully,
Jugal Kishore Julka
General secretary
All India Bank Retirees Action Forum
UNQUOTE:
CLICK THE FOLLOWING LINK FOR THE MEMBERS' FEEDBACK :
I CONGRATULATE ALL MY FRIENDS WHO REGISTERED THEIR FEEDBACK TO ENABLE THE AUTHORITIES CONCERNED TO TAKE NOTE OF THE SAME AND TO ACT SWIFTLY TO UNDO THE DAMAGE CAUSED TO THE INNOCENT RETIREES FOR OVER THREE DECADES !!!
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d s murti
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d s murti