My Dear Friends,
BANK EMPLOYYES PENSION CORPUS IS SOUND ENOUGH TO TAKE THE EXTRA LOAD OF THE PROPOSED PENSION REVISION ON RBI LINES!!
I am happy to share with you all the recent AIBPARC's communication dated 04 09 2022 addressed to the Convenor of UFBU Com. Sanjeev K. Bandlish referring to his recently
addressesed " BANK PENSIONERS' CONCLAVE " AT AHMEDABAD HIGHLIGHTING THE IMPENDING URGENCY FOR PENSION REVISION ON RBI LINES among other issues.
************************************** DETAILS AS TO THE RELAVENCE OF THE AMMENDMENT EFFECTED TO THE PENSION REGULATION CLAUSE 35(1)
****************************************
✴️QUOTE✴️
"...We have been sharing our viewpoints with you and providing the necessary inputs to help you clinch the issues of 100 percent uniform rate of DA to Pre-November 2002 retirees and Updation of Pension for all eligible Pensioners.
In this connection we wish to submit the following:
No Apex Organization of Bank Pensioners and Retirees had gone to the Court on issues concerning the Retirees. Only individual Pensioners have approached the courts when their Grievances not redressed in the past or such Grievances still now not resolved like Pension Updation, Pension to Resignees, Gratuity entitlements etc.
It is indeed heartening to note that in all such cases like Reckoning of maximum upto five years of service for calculating Basic Pension to Special VRS optees, Pension to Compulsorily retired employees, Reduction in Basic Pension due to 7th Bipartite Settlement were all won by those individual Petitioners and IBA passed on the benefits to similarly placed persons......
It may be appreciated that the Updation of Pension is available both in the Reserve Bank and in the Government to all eligible pensioners. It is evident that in the case of PSBs, the Pension Regulations have a pre-existing Regulation 35(1) explicitly providing for Updation of Pension and hence it cannot be construed a fresh/additional demand.
Under such circumstances not granting the benefit of updation in Banks is not only Arbitrary but also Discriminatory. It amounts to violation of the provisions of Article 14 (Equality before the law) of the Constitution of India.
In view of such an unambiguous provision for updation, the Bank Pensioners have been demanding updation of Pension for all the Pensioners from respective dates of their eligibility for the updation. But after the Government granted the benefit of Updation of Pension for the employees of RBI, Bank Pensioners have rationalised their demand by requesting for grant of RBI Pensioners Updation Formula for all the banks and with the same date of effect i.e. 01.03.2019 as the Pension Scheme in Banks is on the same lines as in RBI.
We give below the details of our working of the RBI updation formulae to be used for Updation of Pension in PSBs, SBI and other member banks in Private Sector, who are covered by the Pension Settlements at Industry
level:
https://drive.google.com/file/d/1bDKfBWFIGdjgOLEGAs003P9vFeDjQhOu/view?usp=drivesdk
✴️UNQUOTE✴️
Further, Also Click the following link for full details as saught by Late Com.MC Singla of OBC Through RTI in the process his committed efforts seeking a legal recourse which contains the following information
a) Memorandum of clarifications on some of the provisions in the pension Regulations
(Annexure-I)
b) Draft of the Trust Deed for forming the pension Fund (Annexure-II)
c) Minutes of the meeting of Small Committee on pension held with Unions /Officers Associations on26th March,1994(Annexure III and IV).
https://drive.google.com/file/d/1VWv8Dutgudjv_-6fQQO3pLKurVCXHlN4/view?usp=drivesdk
AND
https://drive.google.com/file/d/10zkOPPWNalsqCMIXq9R8ixuschnL2Deg/view?usp=drivesdk
IBA's Communucation vide its letter ref. No. PD/CIR/76/ G(ii)/1905 dated March 31,1994 addessed to all Chief Executives of Member Banks Which are parties to the Bipartite Settlement/Discussions is also annexed together with the enclousers thereon, for your information & knowledge.
I am thankful to my learned friend Com. N Sankara Subramanian of Indian Bank, Erode for sharing with me.
FINALLY, I HEARTLY CONGRATULATE AIBPARC LEADERSHIP FOR PLACING ALL THE RELAVENT DETAILS REINFORCED WITH FACTS & FIGURES TO ESTABLISH BEYOND ANY DOUBT THAT.... THE BANK EMPLOEES PENSION CORPUS IS NO MORE A "MYTH" AND IS QUITE CAPABLE OF ABSORBING THE EXTRA LOAD ARAISING OUT OF THE PROPOSED PENSION REVISION ON RBI LINES!!
With the Divine blessings of Matha Kanaka Durga abode इन्द्रकीलाद्रि - विजयवाद Indrakeeladri- Vijayawada, to bring solace to the grief-stricken hearts of the bank retirees in general and the SUPER SENIORS IN PARTICULAR only in the sole interest of justice & fair play.
|| यतो धर्मस्ततो जयः ||
I remain – Yours ,
దేవులపల్లి శ్రీనివాస మూర్తి
DEVULAPALLI SRINIVASA MURTI Flat # 102 "Sai Kunj " Lakshminarasimhapuram Colony ,Hasthinapuram North - Hydearbad 9989318300,
SEPTEMBER 04, 2022