27 JAN 2017 — Petition to Hon'ble Prime Minister of India: Petition lodged in PM online portal & hard copy submitted by Speed post to PM & FM. Reg: Updation of Pension to Bank Retirees/Pensioners - out of their own Pension corpus Fund. This petition was started a month back by (1) Jayaprakash.N, (2) Jayaraman.N, (3) Jayaram.V, (4) HSN Murthy, (5) HS Vasudeva Rao, (6) Vijayalakshmi. Congratulations!!! Sincere thanks & gratitude for overwhelming support from one & all. Supporters to this petition crossed 2701. Periodical pension updation is regularly accorded incurring burden on budgetary allocation of the exchequer to: * Retirees of central / State Government being direct Employer through Pay Commission? * Retirees of Armed forces under OROP? * Retirees of similar Boards/ Corporations of Government? * MLAs & MPs in addition to 100 per cent increase in their emoluments are also getting sanctioned perodical pension updation for just less than five years of their service? * All others have to serve for 20 years to eligible for pension? Whereas, demand for updation of pension to Retirees of Banks from their own contributed & accumulated corpus fund has been denied repeatedly. Central Government being Employer & Custidian of social security of Bank Retirees, Retirees Pension updation is bound to be negotiated directly with Government like any other similar pay commission. IBA is not a public authority under RTI Act as confirmed by CIC. IBA is a voluntary Association formed by CEOs of the member Banks funded by such member banks. IBA is not established by Govt, not funded by Govt, not appointed under any notification, not even NGO, but as an unregistered agency is negotiating the wage settlement on behalf of the govt with the Representatives of Bank Employees without any responsibility, accountability and cannot be dragged to litigation. - Our demand is for updation of Pension from our own accumulated corpus fund, - no burden on exchequer through budget. - Supreme Court Judgments reiterates - Litigation should not be perpetuated. * Strike call by Association during Feb & Mar against demonetisation & NPA is irrelevant & diversion. * Associations! please Participate in atleast next CLC meeting on28.07.2017 and also highlight the issue of periodical Pension updation & Family pension in addition to listed issue restricting only to 100℅ DA neutralisation * Represebtatives! Please call for strike to clinch legitimate revision in wages & legitimate periodical updation of pension to Retirees. * Representatives! Please try to negotiate directly with Govt being Employer and avoid Agency like IBA which has no responsibility, accountability & cannot be litigant in any disputes. * Is not a fact that our beloved PM has recognised & appreciated the services of Employees & Retirees of Banks during the demonetisation drive? * Then why this shabby & inhuman treatment to Bank Retirees who have served their respective banks for 30-40 years and are suffering at the fag end of their life? Please log in to www.change.org, in search, type Jayaprakash, to get the details of this petition & submit your support to this petition till it reaches our beloved PM / FM and other decision makers for favorable consideration.