PENSION REVISION ISSUE - GOVT. TO BALANCE BETWEEN JUDICIARY & LEGISLATURE IN THE WAKE OF THE PENDING CALL ATTENTION MOTION.
THIS IS IN FURTHER CONTINUATION OF THE CONTENTS IN THE ABOVE LINK WHERE THE DETAILS OF OUR EFFORTS - BOTH ON LEGAL & LEGISLATURE FRONTS HAVE BEEN EXPLAINED IN DETAIL.
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QUOTE:
From
Metlapalli Sarma (Syndicate Bank retiree, GUDIWADA )
DEAR FRIENDS,
A PRAGMATIC AND RATIONAL COMMENT ON PENSION UPDATION ISSUE FOR BANK RETIREES .
A FEW MINUTES EARLIER I HAD A DISCUSSION WITH SRI DS MURTY GARU ON THE ABOVE ISSUE.
IN FACT TO EVALUATE THE AUTHENTICITY OF THE INFORMATION , WITH THE BACKDROP OF THE DISCUSSIONS I HAD WITH SRI DS MURTY GARU AND VENTURE ON THE PROBABAILTY FOR REALISING THE DREAM OF THE PENSIONERS CAN RATIONALLY BE WORKED OUT WITH A SANE MIND AS BELOW .
FAVOURABLE DEVELOPMENTS FOR PENSION UPDATION
**1. OUR HON'BLE FM SMT. NIRMALA SITARAMANJI’S SYMPATHIES AND COMMITMENT TO THE CAUSE OF PENSIONERS. THIS IS FOLLOWED BY HER REITERATIONS A COUPLE OF TIME BEFOE VARIOUS DELEGATIONS*
**2. CONSTITUTION OF A EIGHT-MEMBER IBA COMMITTEE TO SUBMIT A REPORT ON THE ISSUE BFORE THE END OF THE YEAR AND WILLINGNESS TO TAKE IMMEDIATE ACTION. IN FACT, THE TERM OF OFFICE OF SRI MALLIKARJUN RAO WHO IS HEADING THE ABOVE TEAM IS FURTHER EXTENDED FROM SEPTEMBER 2021 TO 31st. JANUARY 2022 TILL HIS SUPERANNUATION DESPITE HIS RETIREMENT AS CEO OF PNB (17 09 2021) EXCLUSIVELY FOR THIS PURPOSE
**3 CONSTITUTION OF PARLIAMENTARY COMMITTEE ON GOVERNMENT ASSURANCES WHO CONDUCTED A STUDY TOUR JOINTLY WHERE IBA IS ALSO REPRESENTED & PARTICIPATED IN THE DELEBERATIONS AT BHUBANESHWAR & KOLKOTTA AND SUBMITTED A REPORT
**4. A RECENT STATEMENT FROM THE NEW CHAIRMAN OF THE IBA SAYING THAT ‘THE PENSION UPDATION IS A BURNING ISSUE AND WOULD BE FINALISED BY MARCH ‘22 .
**5. THE 2 COURT CASES PENDING WITH SUPREME COURT FIXING THE DEADLINE FOR SUBMISSION OF REPORTS FROM DFS GOI AND IBA BEFORE 17/01/2022 .
**6. A PENDING TABLED CALL ATTENTION MOTION ON THE ISSUE RAISED BY SRI RAVIKUMAR MEMBER OF LOKSABHA WHICH NEEDS A STATEMENT BY THE FM DURING THE CURRENT SESSION OF PARLIAMENT. ( AS PER THE BUSINESS RULES OF THE PARLIAMENT)
**7. THE IMPENDING ELECTIONS TO DIFFERENT STATES TO TAKE PLACE FROM FEB, MARCH ’22 AND,
**8. THE MORE LOGICAL REASON BEHIND THE DEFERRED PRIVATISATION BILL OF 2 PSBS IS NOT THE FEAR OF TRADE UNIONS UNREST BUT THE INSISTENCE FROM TAKERS OF THOSE TWO PSBS TO INCLUDE THE FUTURE LIABILITIES ON ACCOUNT OF PENSION REVISION IF ANY TO BE COMPLETELY REFLECTED IN BOOKS OF ACCOUNTS AND INCLUDED IN THE FINAL FINANCIAL STATEMENTS BEFORE DECIDING ON THE PRICE OF TAKEOVER.
*Ie. IT'S A PRE CONDITION PUT FORTH BY THE PROSPECTIVE TAKERS -THAT ALL THE LIABILITIES ARISING OUT PENSION REVISION SHOULD BE ABSORBED (DEBITED TO THE CURRENT P&L A/Cs AS ON 31 03 2022) BEFORE OFFERING FOR PRIVATISATION ( as per the media reports)
THEREFORE, THE ISSUE OF PRIVATISATION IS DEFERRED BY THE GOVERNMENT DURING THIS FINANCIAL YEAR.
IN THE LIGHT OF THE ABOVE DEVELOPMENTS A SUDDEN RUMOUR THAT 100% DA NEUTRALISATION FROM JAN’22 FOR PRE- 2002 RETIREES SEEMS TO BE HALF BAKED.
UPDATION IS THE CURRENT BURNING ISSUE FOR ALL THE PRE 11TH BIPARTITE BANK RETIREES AS THE RETIREES COVERED UNDER 11TH BIPARTITE ENJOY UPDATED PENSION.
UPDATION PRESUPPOSES 100% DA NEUTRALISATION ONLY TO THE PRE2002 RETIREES AND WILL LEAVE THE RETIREES DURING THE 8TH , 9TH AND 10TH BIPARTITE PERIODS UNTOUCHED.
THE ISSUE TO BE ADDRESSED IS UPADATION OF PENSION FOR ALL BANK RETIREES UPTO THE 10 TH BIPARTITE. ON THIS SCORE THE POST SEEMS AN INCOMPLETE INFORMATION .
EITHER IT CAN BE UPDATION FOR ALL ALONG WITH 100% DA NEUTRLISATION OF DA FOR PRE2002 RETIRREES OR IT CAN BE ONE MORE PRANK ON THE LANGUISHED RETIREE FRATERNITY.
THE PROBABILITIES OF PENSION UPDATION ARE HIGH .
BUT THE QUESTION ON THE MODALITIES AND ON THE DATES OF ANNOUCEMENT OF SUCH DECISION AND IMPLEMENTATION ALLUDE RATIONALITY.
*T CAN BE BEFORE DECEMBER’21, BEFORE JAN’22 OR BEFORE ‘ MARCH’22.
WE WISH OUR DREAMS FRUCTIFY SOON AND OUR ASPIRATIONS IN NO CASE CAN BE IN COLD STORAGE ANY FURTHER..
METLAPALLI SARMA
SYNDBK RETIREE
GUDIWADA
ANDHRA PRADESH
18 12 2021
UNQUOTE:
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FRIENDS,
AT LAST & OF LATE.... AFTER A LONG PAUSE OF OVER TWO DECADES ,FOLLOWED BY THE HON'BLE FM's RECENT INTERVENTION AND SURMOUNTING ALL THE HURDLES WITH OUR CONSISTENT FOLLOW UP ACTIONS - BOTH LEGAL & LEGISLATURE, THINGS HAVE NOW STARTED MOVING IN OUR FAVOUR.
INDICATIONS OF THE RESULTS ARE WITHIN OUR VISIBLE VICINITY AS ON THE DATE.
THEREFORE, FRIENDS, I CAN CONFIDENTLY SAY THAT....
With the Divine blessings of Matha Kanaka Durga abode इन्द्रकीलाद्रि - विजयवाद Indrakeeladri- Vijayawada, we eagerly look forward to bring solace to the grief-stricken hearts of the bank retirees in general and the SUPER SENIORS IN PARTICULAR.
ONCE AGAIN MY HEARTY GREETINGS TO YOU ALL ON THE EVE OF PENSIONERS' DAY -Ie. 17th. DECEMBER..
“|| यतो धर्मस्ततो जयः ||”
IS THE ULTIMATE ......
I remain – Yours Honour,
దేవులపల్లి శ్రీనివాస మూర్తి
DEVULAPALLI SRINIVASA MURTI
Flat # 102 "Sai Kunj " Lakshminarasimhapuram Colony , Hastinapur North - Hydearbad 500079 DECEMBER 19, 2021