My Dear Friends,
01. MY PREAMBLE
MY ACKNOWLEDGEMENTS
AT THE OUTSET, I FEEL IT AS MY BOUNDEN DUTY TO EXPRESS MY DEEP SENCE OF GRATITUDE TO THE FOLLOWING EMINENT PERSONALITIES:
01. LIVING LEGED MANYASRI L K ADVANI GARU
02. MANYASRI NARENDRA DAMODAR DAS MODI GARU
03. MANYASRI SMT. NIRMALA SITARAMAN GARU
O4. MANYA SRI JP NADHA GARU, PRESIDENT OF BJP
AND LAST...BUT NOT THE LEAST...
O5. COM. UMESH SHARMA GARU, Retd. DGM, SBI NEW DELHI, WHO PLAYED THE SHEET ANCHOR ROLE INITIALLY TO BRING THE PLIGHT OF THE LAMENTING BANK PENSIONERS TO THE NOTICE OF THE ABOVE DIGNITARIES DIRECTLY IN PERSON FACE-TO-FACE & BESIDES THROUGH AN EXCLUSUE VIDEO CONFERENCE CALL AT THE INITIATIVE OF MADAM NIRMALA SITHARAMANJI TO SUCCESSFULLY CONVINCE THEM TO RESPOND THROUGH THEIR FOLLOW-UP ACTIONS "PROACTIVELY" ...
https://drive.google.com/file/d/1yF4ni-5xgU7ImtFP2e5A--AA8X1oKZDQ/view?usp=drivesdk
-OR-
CLICK THE ABOVE AUDIO LINK FOR THE REAL STORY BEHIND THE CURTAINS THAT PAYED THE WAY FOR PUBLICLY ACKNOWLEDGING THE SERVICES OF THE BANK RETIREES BY SMT. NIRMALA SITHARAMAN GARU FOLLOWED BY CONSTITUTING THE 19- MEMBER NAVANEETHA KRISHNAN'S P PARLIAMENTARY CIMMITTEE EXCLUSIVELY ON PENSION UPDATION ISSUE UNDER THE RAJYASABHA ACT VIDE NOTIFICATION AS APPENDED HERE UNDER:
https://drive.google.com/file/d/1lsQ1lMdGPz9yO2HhDMjq80KYn3kinAYc/view?usp=drivesdk
SINCE THEN ALONE OUR SO CALLED SELF-STYLED GREAT LEADERS OF "UFBU - USELESS FORUM OF BANK UNIONS" & THEIR "TAIL-PIECE" RETIREE OUTFITS DID WAKE UP FROM THEIR "DEEP SLUMBER"!!!:
02. CURRENT SCENARIO :
PENSION UPDATION - WHAT'S IN STORE???
This is in contunuation to my earlier following post
PROCEEDINGS AT DELHIGH COURT
Referring to the above, please go through the observations made by by the DHC in its following ORDER:
✴️ QUOTE✴️
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DELHI HIGH COURT ORDERS
"...The communication dated 31.07.2023 records that the Committee had met on 07.07.2023 and 26.07.2023 and in the meeting it was decided that the Indian Bank’s Association (IBA) should submit their views with approval of its Management Committee.
The IBA has informed the Committee that the matter is being placed before the Management Committee in its meeting to be held on the third week of August, 2023.
Eight weeks’ time has been sought from this Court to examine the representation of the petitioner and to submit the report.
Re-notify on 06th October, 2023.
- DELHI HIGH COURT
*********************************
✴️UNQUOTE✴️
ACCORDINGLY NOW, IBA SHOULD FILE ITS COMPLIANCE REPORT AS GOING TO BE FINALISED IN ITS MANAGINGING COMMITTE MEETING SCHEDULED TO BE HELD AT MUMBAI ON 18 08 2023 ( _"..The IBA has informed the Committee that the matter is being placed before the Management Committee in its meeting to be held on the third week of August, 2023...."_ ) CONVEYING ITS RECOMMENDATION IN CLEAR TERMS TO ENABLE THE GOVERNMENT IN TURN, TO FILE BEFORE THE DELHI HIGH COURT BEFORE 06 10 2023 AS ALREADY ORDERED ABOVE
https://drive.google.com/file/d/1qJlMjslr8ePjTJ_H9VddWMjImVVLuFhM/view?usp=drivesdk
THUS HAVING ALREADY BEEN COMMITTED , QUITE OBVIOUSLY THE ONUS OF RESPONSIBILTY LIES ON BOTH THE GOVERNMENT & IBA TO FILE A SIMILAR COMPLIANCE REPORT BEFORE THE SUPREME COURT ALSO IN THE PENDING LATE MC SINGLA'S CASE ON 05 09 2023 IN VIEW OF THE COMMON TWIN ISSUES CONCERNING PSB PENSIONERS - ie.100% DA OF PRE- 01 11 2002 RETIREES BESIDES PENSION UPDATION TO ALL.
IT'S IN THIS CONTEXT ALONE, THE SAME ATTORNEY GENERAL WHO REPRESENTED THE GOVERNMENT IN DHC, WILL ALSO BE APPEARING BEFORE THE SUPREME COURT IN LATE MC SINGLA'S CASE ALSO REPRESENTING THE GOVERNMENT ON 06 09 2023 IN A BID TO RESOLVE THE ISSUES SUMULTANIOUSLY.
IN THE ABOVE BACK DROP, ALMOST A CLER PICTURE SEEM TO HAVE ALREADY BEEN EMERGED CONCERNING THE ABOVE TWIN ISSUES -
100% DA (TO PRE 01 11 2002) & PENSION UPDATION.
(As per the informed sources - subject to confirmatiomn)
FOLLOWING IS THE EXPTED PROBABLES :
✴️CORRIGENDUM✴️
/ˌkɒrɪˈdʒɛndəm,ˌkɒrɪˈɡɛndəm/
(To my earlier communication)
"EXPECTED PROBABLES"
Sri ER Iyyer garu (BOI-Chennai)
https://drive.google.com/file/d/1xyda0WMRU1BBjxgFCKXcFZhM1GBsBU-y/view?usp=drivesdk
IF THE UPDATION IS GOING TO BE ACCORDING TO THE TERMS IN THE REFERRED MESSAGE, THE MULTIPLYING FACTORS WOULD LIKELY TO BE AS UNDER:
BIPARTITE SETTLEMENT- WISE:--
5th.BPS 11.70
6th.BPS 6.4642
7th.BPS 4.5624
8th.BPS 3.3946
9th.BPS 2.5503
10th. BPS 1.5519
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ADDITIONAL PENSION ( A New Consept likely to be introduced)
1. 15% for those above 70yrs.
2. 20% for those above 80yrs.
3. 25% for those above 90yrs.
*******************************
Uniform Dearness Relief @ 44.24% thereon For all the retirees w.e.f August 2023.
==========================
Accordingly by taking an example of a retiree of 7th BPS with a Basic Pension of ₹7,500 is worked out as hereunder on the above lines :
7500 × 15%= 1125
(7500+1125)= 8625 8625×4.5624
GROSS BASIC: ₹39350
+ DR @44.25%) ₹17,412
Gross Pension ₹ 56,762
====
ANOTHER METHOD: (As suggested by Com.Balakrishna Rao garu from Synd.Bk.VIJAWADA)
https://drive.google.com/file/d/1gEoQRg2AQIa6otoc0n5tOFQYmn8naZJ2/view?usp=drivesdk
7500×4.5624 = ₹34,218 +Addl.Pen.@ 15%thereon = ₹5,903
REVISED BP ₹40,121
DR@44.25% ₹17,754 GROSS REVISED ₹57,875
==========================
I owe my immense thanks to Com. VRK Murthy garu of Palakkad & Com. Balakrishna Rso garu who corrected me so as to make me to come out with my revised calculation in the form of "A CORRIGENDUM "as above.
https://drive.google.com/file/d/14ry89jnN1FBeG--nAXMn3sqwe-TIelil/view?usp=drivesdk
My Dear Friends, kindly take note of the above correction to be made while calculating the Revised Basic Pension as stated above AT YOUR END ALSO.
My thanks to Com. VRK Murthy garu for correcting me in the matter.
In view of the foregoing, we are now at the threshold of success to hear the good news very 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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