Petition updateUpdation of Pension to Bank Retirees/Pensioners - out of their own Pension corpus Fund -Petition to Hon'ble PM / FM - Hon'ble Chief Justice of India, Supreme Court.
Jayaprakash NBangalore, India
Apr 25, 2018
My sincere request to all Bank Retirees/Pensioners to submit similar letter individually as many as possible to awake the Decision makers. Following letter since already submitted by Sri. C N Venugopal. ---------------------------------------------- From: C N Venugopal Former Director of State Bank of Travancore, Kerala To: HIS LORDSHIP S/SHRI DIPAK MISRA, HONOURABLE CHIEF JUSTICE OF INDIA, SUPREME COURT, NEW DELHI – 110 001 Most Venerable  Chief Justice, SUB : NEGLECT OF RULING OF SUPREME COURT –PROMOTION OF LITIGATION -EXECUTIVE  DEFIES LEGISLATURE - MINISTRY OF FINANCE OVERRULES PARLIAMENT - CONSTITUTION GETS FOSSILIZED -ORGANS OF DEMOCRACY VIZ. EXECUTIVE DESTROY EQUILIBRIUM IN EXERCISE OF AUTHORITY - DEMOCRACY IN CATASTROPHE – SENIOR CITIZENS LOOTED OF THEIR PROPERTY BY PUBLIC SECTOR BANKS – COURT LOSES ITS PRECIOUS TIME – ANARCHY IN REIGN TO BE ADDRESSED APPROPRIATELY In order dated 13.02.2018 in Civil Appeal No.5525 of 2012 viz. Bank of Baroda & AnrVs. G Palani & Ors., Hon’ble Supreme Court ruled that Pension Regulations of 1995 of bank employees are binding, having been framed in exercise of authority conferred bide section 19(2) (f) of Act 1970 and that the Joint Note dated 14.12.1999 has no statutory backing. Neglecting the above ruling, MoF, GoI is remaining mute in respect of a similar Joint Note dated 27.04.2010 when the order dated 13.02.2010 is squarely applicable to it. Various decisions cited in the landmark judgment are rendered by the Hon’ble Supreme Court under circumstances where pension brings in cost to the government. But in the case of pension to bank employees, it brings in no cost either to the banks or to the government as it is paid out of the Pension Funds comprising the deferred wages of employees, rendering the denial of pension atrocious. Public Sector Banks are detaining in their Pension Funds the property of the pensioners { the ruling of the Hon’ble Supreme Court alludes to Article 19(1) (f) and 31 (1) of the Constitution } causing misery to the hapless bank retirees through loot of their ‘property’ and the only right to live in the December of their lives. The order dated 13.02.2018 establishes unambiguously that the contributions ( 2.8 times revised pay for November, 2007 in the case of serving employees and 56 percent of CPF paid on retirement in the case of retired employees to the Pension Fund of banks ) and denial of pension from the date of retirement to an arbitrary date of 27.04.2009 are unlawful and are to be released to those concerned and the failure to do so is sheer contempt of the ruling of the Hon’ble Supreme Court. We the following bank retirees, senior citizens and super senior citizens make a fervent appeal to your Lordship to kindly intervene in the matter for a logical resolution in the interest of justice with a direction to the government of India, Ministry of Finance to undo the wrongs done for mitigating our hardship and to prevent the huge influx of writ petitions in various High Courts that are strangling with bundles of petition
Copy link
WhatsApp
Facebook
Nextdoor
Email
X