LEGAL RECOURSE SEEMS TO BE IMMINENT....
WHY DID IBA DELIBERATELY AVOID ANY DISCUSSION ON THE ISSUE OF PENSION UPDATION DURING THE CLC PROCEEDINGS ON 01 07 2022 ????
YOU WILL FIND THE ANSWER WITH SOUND LOGIC HERE...
✴️ QUOTE ✴️
[19/11, 10:30]
Indian. Bk. VJA.
కటారి సత్యనారాయణ:
It seems updation of pension is a non issue for undertaking any negotiation because the IBA can not pretend ignorance of the Amendment to Pension Regulation 35(1) brought in 2003 before ALC.
- కటారి సత్యనారాయణ
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THE ABOVE INFERERENCE DRAWN BY OUR LEARNED FRIEND COM. KATARI SATYSNARAYANA GARU HOLDS WATER IN VIEW OF THE FACT THAT THE AMMENDMENT AS ALREADY CARRIED OUT IN 2003 TO PR# 35(1) OF THE EXISTING PENSION SCHEME SUPPORTED BY THE GAZZETTE NOTIFICATION ISSUED BY THE PARLIAMENT.
THIS IS IN TUNE WITH THE SETTILEMENT DATED 29 10 1993 SUPPORTED BY THE MINUTES OF THE SMALL COMMITTEE THERETO DATED 26 03 1994 SIGNED BETWEEN IBA & ALL THE CONSTITUENT UNIONS OF UFBU.
✴️QUOTE✴️
Minutes of the meeting of the
small committee on Pension
held on 26th March 1994
Pursuant to the Settlement/Joint Note on Pension signed by IBA with the workmen unions /officers organisations on 29th October 1993 .The Draft circulated was mutually accepted by the parties.The following points were further discussed and accepted :
Page#20. Item#2...
1.....
2. Formula for Up-dating pension should be on the lines of the same given in the Reserve Bank Pension Scheme. Any Change therein should be introduced only after mutual agreement"
✴️UNQUOTE✴️
CONSPECUOUSLY, AS ON DATE, ALL OTHER ISSUES COVERED THEREIN STAND RESOLVED, BUT FOR THE ONLY LEFT OUT ITEM#2 OF PAGE #20 Ie. THE ISSUE OF PENSION UPDATION ON RBI LINES - "THE ONLY ODD MAN OUT" SINCE THREE DECADES!!
THAT APART, IN IT'S LATEST JUDGEMENTS, THE SUPREME COURT HAS REITERATED SAYING..
"PENSION RULES MUST BE INTERPRETED IN FAVOUR OF EMPLOYEE WHEN MORE THAN ONE INTERPRETATION IS POSSIBLE: "SUPREME COURT"
....When Pension Rules are capable of more interpretations than one, the Courts should lean towards that interpretation which goes in favour of the employee ....
FURTHER, THE SUPREME COURT HAS ORDERED FOR THE RESTORATION OF PENSION UPDATION IN RBI. IN FACT, IN THE SWORN AFFIDAVIT FILED BY THE DFS/MOF IN THE SUPREME COURT (VIDE THEIR OWN OFFICE NOTES AS OBTAINED BY COM. KATARI SATYSNARAYANA THROUGH RTI) HAS CATEGORICALLY AFFIRMED AS TO THE CONTAGIAN EFFECT ON PSBS - A RECORDED EVIDENCE.
EVEN THE KERALA HIGHCOURT TOO, HAS REITERATED IN IT'S LATEST JUDGMENT.
UFBU HAS ALREADY BARTERED AWAY IT'S BARGAINING POWER INSOFAR AS THE RETIREES ARE CONCERNED BY SIGNING THE NOTORIOUS "MAGNACARTA " IN THE FORM OF RECORD NOTE.
IN VIEW OF THE FOREGOING, LET US NOT EXPECT ANY FAVOURALE OUTCOME ORGANISATIONALLY- TOTALLY RULED OUT.
Listen to my following audio link
https://drive.google.com/file/d/1_uGwRS1Iwejaa6ruwV4pyyaYaiyzpa8M/view?usp=drivesdk
LEGAL BATTLE IS THRUST ON US
WE HAVE GOT TO EXPEDITE OUR EFFORTS FOR THE INEVITABLE LEGAL RECOURCE OWING TO THE FACT THAT THE MOTION HEARING IN LATE MC SINGLA'S CASE IS POSTED TO 02 01 2023
DESPITE ALL THE HURDLES CREATED BY THE AIBEA LEADERSHIP BY HIJACKING THEIR OWN UFBU CONSTITUENTS.....
With the Divine blessings of Matha Kanaka Durga abode इन्द्रकीलाद्रि - विजयवाद Indrakeeladri- Vijayawada, let us hope 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.
With Greetings & Regards,
|| यतो धर्मस्ततो जयः ||
I remain – Yours,
దేవులపల్లి శ్రీనివాస మూర్తి
DEVULAPALLI SRINIVASA MURTI Hydearbad
Cell : 9989318300
21 11 2022