There are around 10 lakh serving employees in Banking Industry backed by UFBU hand in hand with IBA & UFM as their negotiating team to fulfill aspirations of the serving employees either adequately, partially or fully.

Whereas with 5 lakh Retirees affiliated to many mushrooming unorganized retirees associations without any recognition & lack of negotiating powers are totally ignored, neglected by UFBU, IBA & UFU. None of them are responding to the owes of the hapless retirees. Recent victories on pension to CRS employees, 1616- 1684 DA arrears & Five years seniority benefits for specialised officers are due to the continued efforts of some individuals made in various courts.

Coming to profitability of the Banks capacity to either for payment of Salary or Pensions, it is absurd to accept the theory as the Bank's are owned by the government. Banks have contributed rich dividends to the government since 1969 despite periodical write-off of NPAs & majority are to Corporate defaulters for which Bank Workforce at lower level are not responsible but the creamy level at managements & the government.

What is the contribution of profit, income or gain from the sections and departments of government organisations and how the salaries & Pensions of their serving & pensioners are paid by the exchequer from tax payers money need to be debated & understood.

Whereas in Banks, salaries & Pensions are paid from income to serving and pension from own contributory funds of the retirees without drain on exchequer.

When all the Retirees of governments are getting pension updation in every wage revision of pay commission at the cost of exchequer & despite there is a provision in Bank Employees Pension Regulations, 1995 for updating of pension in every wage revision at par with Provisions laid down in CCS Act, 1972, there is lack of commitment on the part of the authors of the Pension Regulations to impress upon the decision making authority that cost of updating is paid from their own accumulated funds without drain on exchequer.

Unless, Retirees are joined together having a strong 50% strength of serving force & fight unitedly, Retirees issues will not be resolved. But without losing hopes, some individual stalwarts like Sri. C N Venugopal & others are relentlessly pursuing the issues thru intervention of Courts which is the only avenue available at the present juncture.

Let us extend our moral & financial support to such crusaders to achieve the goals of the Retirees.*

      **Bank Retirees get united**                    ** Bank Retirees Zindabad**