Jayaprakash NBangalore, India
Nov 13, 2017
The Bank Retirees have been deprived of following legitimate rights in each and every wage revision ever since introduction of Bank Pension Regulations, 1995. The Unions/Associations knowingly or unknowingly in connivance with the unregistered organization IBA who have no responsibility or accountability have killed mercilessly all the hopes of the Bank Retirees. Even when lawful Regulations are violated blatantly by the IBA, the Unions/Associations have become party to such recurring violations instead of moving highest courts for justice in the capacity of major organizational force which clearly shows their deliberate wrongdoings. 01. Periodical updation in pension 02. 100% DA Neutralisation 03. Improvement in Family Pension 04. Second option of Pension to CRS, Resignees, left over VRS Retirees 05. Sections 19.1 & 4 of the Act prohibit any amendment that prejudice what is done earlier under a regulation 06. Total waivement of Income Tax on Pension as Pension is a deferred payment and not an income We, the TEAM: Jayaprakash, Jayaraman, Jayaram, HS Vasudeva Rao, HSN Murthy & Vijayalakshmi have petitioned on 16.12.2016 to Hon’ble PM / FM seeking his personal intervention in the matter of injustice continued to be done to helpless Bank Retirees followed by more than 20 reminders lodged in pgportal which were closed by the respective Secretaries of Finance Dept., in connivance with IBA without assigning proper justification. When the expected Organizational efforts were lacking deliberately even after 22 years signing four bipartite settlements during such period, many proponents and retirees even in their advanced age viz Sri. S. Ramachandran, Retd. GM, Sri. Sitarama Rao, Dr. Dhanjaya Bhupathy, Sri. Devulapalli Srinivasa Murthy, Sri. Jayaprakash .N and Sri. C. N. Venugopal, Ex-ED of Bank of Travancore, and many other individual proponents have individually approached all the appropriate forums and even Courts seeking natural Justice for the overall benefit of all Retirees. One can understand the financial constraint & other limitations for individuals to fight and at this juncture, the organisations responsible for present sorry state of affairs should at least now introspect, realize and make sincere efforts to rectify the logjam judiciously. Even the distressing, pathetic, doleful & woeful position of Bank Retirees were raised in the Parliament, the parliamentarians are more ingenuous for themselves to get their emoluments increased exorbitantly just serving for a single term of five years and other Central Govt Pensioners are getting updation at every Pay Revisions against budgetary allocation costing the exchequer. Whereas, the Bank Pension Fund is constituted out of our their own funds with further mandatory contributions from Banks after yearly actuaries and the accumulated funds with periodical interest earned is self-sufficient to meet the legitimate rights of the Retirees without costing to exchequer. We fail to understand why the IBA is resorting to dubious & unconstitutional approach and why it is deliberately failed to apprise the Finance Ministry the reality of the Pension fund position vis a vis plight of the hapless Retirees & the injustice meted to them. In the latest effort on obtaining direction from Kerala High Court on a Writ of Mandamus filed by Sri. C. N Venugopal, Former Director (GOI Nominee), State Bank of Travancore & Ex Manager Union Bank of India, “Nandanam” Kesari Junction, North Paravur, Kerala -683 513, Mob: 9447747994, E – Mail: ceeyenvee@gmail.com has written three letters to the appropriate authorities for clarification for redressal of Retirees grievances. I have also submitted the same three letters changing the “From” address simultaneously lodging the same in the http://pgportal.gov.in and also in Change.Org. At a time when there is no hope from Unions/Associations, they being party to all such misconducts all these days are not doing justice, it is our fundamental duty & reasonability to support the cause endeavored by above individuals for overall benefit of the Retirees. Our endeavor initiated in Change.org already received 7800 supporters. While profusely thanking each and every one for such support, we request other Retirees and citizens to support to strengthen our mission by login to change.org, search: Jayaprakash to find the original petition and franchise your support. Thanking you once again.
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