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My Dear Friends,
THIS IS IN CONTINUATION TO MY EARLIER COMMUNICATION:
THE AMENDEMENT TO
PR # 35(1) WAS PASSED THE PARLIAMENT ONLY AFTER IT'S CLEARENCE BY THE LAW MINISTRY.
ALSO PLEASE LISTEN TO THE FOLLOWING AUDIO LINK BEFORE YOU FURTHER PROCEED TO READ THE CONTENTS:
https://drive.google.com/file/d/1uk7hsMRLz3I0g9vsQm3mzSTkiZ1Tk9ur/view?usp=drivesdk
దేవులపల్లి శ్రీనివాస మూర్తి
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C N Prasad
Gen. Secy. SBM COMMUNE:
[23/01, 07:07]
Dear friends,
One of the Bank Retirees’ Apex Organisation in its letter dated 20.01.2023 has written a letter to both IBA and CLC. No one knows, including the authors whether the intention is to help Bank Retirees or create hurdles. Unfortunately, the leaders of this organisations also represented an Officers’ Association and negotiated its behalf. It is stated in the letter that :
It is beyond common comprehension as to what is the aim and purpose of the negotiation on Updation of Pension when there is a clear pre-existing provision to update the pension as per amended Regulation 35(1)? Is it to re- write and distort a settled issue as per the BEPR (1995)? OR it is to fragment the Bank Retirees into old, somewhat old and very old groups and so on
Now, we have following questions. We are aware that these inconvenient questions will not be answered by the leaders of the organisation, but also by Shri C N Venugopalan, Shri D Srinivasa Murthy, Shri Katari Sathyanarayana, etc.
We have been asking a question, what is the formula provided in Regulation 35(1). But, without answering the question, this organisation has stated that
For information of both the sides, we would like to put on record that Regulation 35(1) - Appendix - I has clearly spelt out the modalities of Updation of Pension. In the said Appendix, there is a mention that the process of calculation would be made applicable for the Retirees between 01.01.86 and 31.12.87 since that particular group of Retirees alone was relevant and eligible at the time of implementation of Bank Employees Pension Regulations (1995). It was implemented and eligible pensioners were given the benefit of updation. But it is being denied during subsequent wage revisions. It may be appreciated that updation is not a onetime dispensation; it is rather a continual process on every wage revision.
It is stated that ‘Appendix – I has clearly spelt out modalities of Updation of pension’. Now it is pertinent to see what is there in Appendix – I, which helps us. It was not only Regulation 35(1), but also Appendix – I was amended in 2003. This is the much celebrated Gazette Notification. Appendix – I covers following categories of pensioners :
a. Those who retired retired during the period 01.01.1986 to 31.10.1987 in Para 1 (DA merger upto 600 points)
b. Workmen who have retired on or after the 1st day of November, 1992 but before the 1st day of September, 1993 and in respect of officers who have retired on or after the 1st of July, 1993 but before the 1st day of May, 1994 in para 2 (DA merger upto 1148 points)
c. In respect of workmen who have retired on or after the 1st day of November, 1992 but before the 1st day of November, 1994 and in respect of officers who have retired on or after the 1st day of July, 1993 but before the 1st day of November, 1994 in para 3 (Clarification regarding reckoning of Special Allowance) in para 4
d. Again, it is In respect of subordinate staff who have retired on or after the 1st day of November, 1992 and have drawn pre-revised special allowance as also those who have retired on or after the 1st day of November, 1994 in para 5.
By reading the Appendix – I, one can infer that the computation of Basic Pension is either by adding DA upto a point or restricting the quantum of Special Allowance. But, this organisation has claimed that the formula is clearly spelt out modalities of updation in Appendix – I. What are the formulas this organisation is referring to ? Is it adding Dearness Allowance/Relief upto 6352 points is the formula applicable as per Appendix – I ? Otherwise, what is the other formula, which this organisation is basing on ?
More dangerous is that this organisation is questioning everything UFBU, including its own organisation AIBOC, doing ? It has started preaching even UFBU. Can this organisation get our pension updated as per Regulation 35(1) ? What is the fate of Bank Pensioners, if IBA accepts their suggestion ? We will leave it to your wisdom
Thanks, a Million.
With regards,
Prasad C N
(REPLY TO THE ABOVE)
[23/01, 16:41]
Ind. Bk. VJA.
కటారి సత్యనారాయణ:
Let similar formula for updation of Basic Pension as could be sanctioned by GOI on 05 03 2019 and being implemented w.e.f. 01 03 2019 in RBI be provided by the Boards of PS Banks in Appendix I of Regulation 35(1) by following due procedure laid for the purpose under the provisions of the Act 5 of 1970/1980 and the Pension Regulations notified on 29 09 1995 with due 100% Neutralisation of DA for all those retired prior to 01 11 2002 as was implemented by RBI w.e.f. 01 02 2005 , in fulfilment of their undertaking in clauses 6 and 12 of said Pension Settlement dated 29 10 1993 binding them under ID Act.
Accordingly, in case there is further improvement in the pension scheme of RBI after implementation of said updation formula with prospective effect from 01 03 2019 , let the Boards consult with RBI as required under the provisions of Section 19(1) of the said Act to initiate necessary steps to get those improvements also duly adopted through amendment to Pension Regulations notified on 29 09 1995 in due course .
Yes Boards are supposed to be in consultation with RBI on matters relating to finalisation of Industrial level relations/ Service Conditions and or framing up of Statutory Regulations under Subordinate Legislation as required by the Executive in obedience to the provisions of the Parent Legislations made for bringing out the Boards into existence.
In case they are required to consult mutually with UFBU along with the IBA officials that are recognised by the GOI for that purpose as per the directive of MOF (it becomes a law), then only the Boards shall accord a mandate to the IBA for that specific purpose .
What is needed at least is a statutory / official recognition for the formation of such an Association or Body by the RBI and or by the GOI itself as the case may be.
In general IBA forwards the Joint Notes and Settlements it had entered into with UFBU to RBI for its approval after due verification of the consistency of their contents with that of the corresponding provisions of the Parent Act of the Boards and the Subordinate Legislation thereto.
Only after approval of the RBI, the MOF accords due prior sanction for the proposed Subordinate Legislation and or acceptance for implementation of the terms of the said Settlement / Joint Notes by the Boards .
In any event it is obviously necessary for the application of its mind by the RBI on such proposals duly submitted for its approval in order to determine their objective consistency with the provisions of the Act and the Subordinate Legislation .
All the Best.TAT SAT.
Katari Satyanarayana
Indian Bk. Retiree
Vijayawada AP
23 01 2023
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