PETITION UPDATE Petition to Prime Minister of India BANK RETIREES/PENSIONERS – AWAKE & FIGHT FOR UPDATION OF PENSION The Petition was started by (1) Jayaprakash. N, (2) Jayaraman. N, (3) Jayaram. V, (4) H S N Murthy, (5) H.S. Vasudeva Rao, (6) Vijayalakshmi S Rao, and submitted the same on 16.12.2016 on the online portal and hard copy submitted by Speed Post to Shri Narendra Modi, PM & Shri. Arun Jaitley, FM, requesting for reinstatement without any prejudice, the self-respect & dignity of Bank Retirees & Pensioners in respect of their genuine grievances: (1) Periodical Updation of their monthly pension and (2) Family pension (3) 100% DA neutralization (4) Out of their own contributed and accumulated Pension Corpus Fund, No burden to exchequer & No budget required (5) Supreme Court Judgement reiterates (6) Litigation should not be perpetuated. Notwithstanding, the relationship between banks and retirees, Responsibility of the government has been dealt and touched upon in various judgements of Hon’ble Courts. 1. The bench has authoritatively ruled that Pension is a right and the payment of it does not depend upon the discretion of the employer/ government. 2. The judgment has recognized that the revision of pension and revision of pay scales are INSEPARABLE. 3. The bench has reiterated that on revision the Basic Pension cannot be less than 50% of the Basic Pension in the minimum of Pay Band in the revised Scale corresponding to the pre-revised Scale. 4. The government CANNOT take a plea of financial burden to deny legitimate dues of the pensioners. 5. The government should AVOID unwarranted litigation and not to encourage any litigation for the sake of litigation 6. When Pension is upheld to be a right and NOT A BOUNTY, as a corollary to the averment that revision of pension and revision of pay scales are INSEPARABLE, upgradation of pension is also a RIGHT AND NOT A BOUNTY. Retirees Associations like AIBRF & CBPRO separately filed their dispute with ALC/CLC for redressal of their grievances making AIBEA, AIBOC & IBA as parties to it. Now the said meeting is postponed to 28.02.2017 for further discussion. At least now, let AIBEA & AIBOC participate actively in the next CLC meeting and ensure that the basic rights of the Retirees are protected and their grievances are redressed at the earliest. Sincere Thank s one & all. Though, many people are posting their likes and comments in Face Book, till now, only 2900 have supported the cause. In order to maximize the support base for the achievement of the desired results, all friends and their well-wishers are once again requested to log in to www.change.org and in search, type JAYAPRAKASH, main petition will populate, where your support can be franchised till Retirees genuine grievances reaches to the knowledge of beloved PM/FM for early accomplishment.