MY DEAR FRIENDS,
SCHEDULED CLC PROCEEDINGS AT MUMBAI ON 28 02 2023
THIS IS IN THE BACKDROP OF THE BP NEGOTIATIONS ON RESUDUAL ISSUES BETWEEN IBA & UFBU PRECEDING THE SCHUDELD CLC PROCEEDINGS AT MUMBAI ON 28 02 2023
THE PROPOSAL OF PHASED UPDATION IS CERTAINLY AN ILL-CONCEIVED MOVE ON THE PART OF IBA-UFBU NEXUS.
IT'S DETRIMENTAL TO THE INTERESTS OF ALL INCLUDUNG PRE-2002 RETIREES.
AS PER IBA's CIRCULAR COMMUICATION VIDE Ref.No. PD/CIR/76/G(ii)/1905 March 31,1994 ADDRESSED TO ALL IT'S MEMBER BANKS, IT'S ALREADY AGREED UPON MUTUALLY BY UFBU & IBA FOR RBI PATTERN OF PENSION UPDATION.
WE SHOULD THEREFORE, DEMAND PENSION UPDATION FOR ALL UNDER RBI PATTERN AS ALREADY AGREED UPON & IN TERMS OF THE EXISTING AMMENDED PENSION REGULATION 35(1)
THE SAID AMENDEMENT TO PR # 35(1) WAS PASSED THE PARLIAMENT ONLY AFTER IT'S CLEARENCE BY THE LAW MINISTRY.
AIBPARC THROUGH IT'S AFFILIATE ARISE OF IOB HAS ALREADY IMPLEADED IN THE PENSION UPDATION CASE PENDING AT THE SUPREME COURT FILED BY LATE COM. MC SINGLA & OTHERS. AS IMPLEADERS, THEY HAVE ALREADY FILED THEIR COUNTER AFFIDAVIT TO THAT OF IBA'S WHICH IS DUE FOR ARGUMENTS PENDING DISPOSAL OF THE MOTION HEARING.
FOR BETTER CLARITY, COM. S.B.C KARUNAKARAN OF ARISE-IOB/ AIBPARC HAS RIGHTLY PUT IT STRAIGHT THE ISSUE, AS ANNEXED HERE WITH:
✴️QUOTE✴️
Regulation 35(1) and Pension Updation
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You must have by now watched the video of the speech given by the retired SC judge about Reg 35(1) and so it is not about rate of pension but is very much about updation of pension.
FURTHER, TO SAY THAT WE SHALL START WITH UPTO 2002, IS OF NO USE.
IF IT IS PHASED UPTO 2002, THEN IT CAN BE UPDATED ONLY UPTO 2007 AND NOT BEYOND.
2002 PENSION CANNOT BE UPDATED TO 2017 WITHOUT UPDATING 2007 & 2012 RETIREES.
JUST GETTING UPDATED TO 2007 WAGE REVISION IS OF NO USE AT THIS LATE STAGE.
FURTHER, ONCE YOU NEGOTIATE PHASED UPDATION, YOU GIVE UP YOUR STATUTORY RIGHT IN Reg. 35(1) AND WILL BE AT THE MERCY OF IBA & UFBU FOR THE NEXT PHASE TO BE IMPLEMENTED.
WHEN UFBU LEADERS WILL BE ALL UNDER NPS, WHY SHOULD THEY WORRY IN FUTURE ABOUT THE SECIND PHASE?
BUT IF WE INSIST ON Reg. 35(1) AND IT'S IMPLEMENTATION, UPDATION WILL BE PERIODICAL WITHOUT HAVING TO BE AT THE MERCY OF ANYNODY.
s.b.c.karunakaran
(AIBPARC) 07 02 2023
✴️UNQUOTE✴️
FRIENDS, IN ADDITION TO THE ABOVE, PRESSURE IS ALSO BEING MOUNTED ON IBA/UFBU/DFS-MOF AS A CONSEQUENCE THE CRIMINAL PROCEEDINGS BEING INITIATED BY THE METRO POLITAN MAGISTRATE COURT OF KOLHAPUR IN THE CRIMINAL COMPLAINT FILED BY COM. VASANTH VANKUDRE, OUR VALIENT CRUSADER.
CONSIDERING THE ABOVE, WE CAN EXPECT FOR AN EARLY REDREDSAL OF OUR GRIEVANCES SOON.
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 ||
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