Petition to Hon'ble Prime Minister of India Reg: Updation of Pension & 100% DA neutralisation to pre-2002 to Bank Retirees & Pensioners. UPDATE 25.01.2017. IBA is not a Public Authority and negotiating & signing settlement on behalf of employer without any responsibility & Accountability is proved from their own statement submitted before CLC. AIBRF & CBPRO separately raised the dispute before CLC making Workmen Union, AIBOC & IBA as parties for denial of neutralization of DA for pre 2002 pensioners, as "arbitrary, discriminatory, illegal and bad in law. Assistant Labour Commissioner (Central) Mumbai had called the conciliation meeting on 24.01.2017. AIBOC vide their written statement dated 07.01.2017 submitted that the issue of 100% neutralization of DA to pre 2002 retirees was one of the issues in our Charter of Demands for the 10th Bipartite Settlement and the same along with other unresolved issues of the retirees is recorded in the ‘Record Note’ signed by the IBA and the UFBU constituents on 25.05.2015. It was also brought to the notice of the Presiding Officer that since subsequent to the signing of the Record Note there was no response from the IBA. IBA and the Workmen Union did not attend the yesterday’s proceedings. However, IBA has filed their comments where in they have stated that IBA is an independent and voluntary organization and discusses / negotiates with Workmen Unions / Officers Associations on behalf of its member banks on the basis of mandate given by these banks and that IBA is not employer of Workmen / Officers of these banks and thus, they are not a direct party to any industrial dispute including that of the case of Retirees' organisation who have raised the issue. The Presiding Officer decided to conciliate in common and adjourned the case to 28.02.2017." Members of Retirees/Pensioners Assn. are requested to negotiate directly with Central Government. being Employer as per the Petition submitted to PM by one of the Pensioners. Please log on to www.Change.Org & submit your support till our issues are favorable considered by our beloved PM as applicable to pensioners of Central gov./ Defense/ Law makers etc.