Malakpet 

Hyderabad 

Date 02.03.26

The Hon Prime Minister 

Hon Finance Minister 

Government of India 

Hon Chief Justice of India 

Respected Honourable Sir / Madam 

I submit the following few lines on the captioned subject for your kind consideration and favourable decession in the interest of around, 8 lakhs Bank Pensioners eagerly awaiting for Pension updation on 12.03.26 Hon SC hearing in the case of Sri MC Singla (Late) on pension updation.

With the latest amendment in the year  to Regulation 35.1 Bank (Employees)Pension regulations 1995,

it becomes mandatory obligation on all the concerned for its implementation as it bears the stamp of approval of Parliament.

Amendment is as under
"Basic pension and additional pension wherever applicable SHALL be updated as per the formula given in Appendix -1.'

The updation of basic pension which was confined to employees retired between 1.1.86 and 31.10.87 was THUS EXTENDED TO EMPLOYEES RETIRING AT ANY POINT OF TIMR WITH AN EMPHASIS"SHALL BE PERMISSIBLE WITH THE SPECIFIC SANCTION OF THE GOVERNMENT ".

As per Regulations 56 establishes that the Pension Scheme is one and the same for bank employees/Central Government Employees. This makes it imperative that Pension in Banks ought to be revised with each Bipartite Settlement in the same way Central Civil Pension is revised with implementation of each Pay Commission.

For any clarification it can persued Regulation 56 Central Civil Pension guidelines for implementation.

For the last 30 years No updation of pension to Bank retriees 
Whereas
Working staff salaries are revised for every 5 years periodical intervals.

Thereby working staff salary increases upwards for every 5 years whereas Bank retirees pension Stagnated horizontally line only graphically is evident.

In between 5 years there will be increment to working staff but increment do not apply to Retirees.

On the same point. 
Hon Judge raised a queery too on stagnated pension.

The issue is Basic pension but not Basic Pay 
Annual increments are for working staff
There is no element of annual increments in Pensioners case

The demand of Pensioners is for
Periodic updation alongwith wage revision to be done in 5 years.

The basic pension fixed at the time of retirement from 01.01.1986 till date has remained same stagnated.

MC Singla case is about updating of basic  pension with every wage revisions to working staff at periodical intervals
.
For the last 30 years around 2.5 lakh pensioners died without getting the right of pension updation and around 7,80,000 current pensioners are living in financial poverty for want of pension updation with a hope that they will see pension updation before they reach abode.

Government has introduced NPS wef 01.08.2010 and the updation of pension to those only who opted for pension only.

Because of wage revisions to working staff for every 5 years the latest retiree will get more pension and the same cadre retired earlier years draws less pension needs to be addressed by updation of pension to have dignity of respect of bank retirees pensioners.

Pensioners form a homogeneous class.
Date of retirement cannot create arbitrary discrimination.
Pension is not a bounty.
(DS Nakra case Hon SC held.)

Pension is paid from Pension funds not from Govt Treasury.

Pension Funds are to be invested in approved Government Securities as Trustees thereby Pension funds position should be strong.

It appears IBA observed pensioners demand for pension updation felt necessity
Though not demanded by Pensioners 
IBA had introduced Ex-gratia payment in the year 2022 subject to Annual review pending pension updation in the Court of Law.

No enhancement in ex-gratia though subject to Annual review for betterment.  
This also violated by IBA 

As per available information under RTI Act 2005 as on 31.03.2023
Total pensioners 606564
(Age 60-70.  20041
61-70.          377236
71-80.         181160
81-90.            26242
Above 90.       1885
Besides
Family pensioners.

Pension corpus and updation impact

Approximately 
Corpus  ,4,28,000 crores 
Annual interest 30000 crores
Current yearly payment 27,600 Crores

As per Rules Book Pension updation is a right which respondents in MC Singla case are not doing arbitrarily. 

The issue is regarding Pension updation on RBI lines as mentioned in the Pension Settlement, Small Committee Decession BEPR 1995 updation under clause 35(1) admitted status of periodic pension updation along with wage revisions, which was implemented at the time of implementation of Pension, but not with subsequent wage revisions settlement. 
Despite pension updation in RBI the Banks party to the pension settlement dated 29.10.93 did not do pension updation so far.

Prayer
(a) Direct the IBA Banks Govt to update pension for bank retirees as per the formula given in
 Appendix 1 as per
Regulation 35(1) with ammendment 2003 rules 
Pension revison linked to wage revisions .

2003 amendment done on Central Government instructions.
Notified in the Gazette of India 
Laid before both Houses of Parliament.

Regulations 56 gives Statutory strength to the pensioners the legal force

Updation of basic pension is defferent from Dearness relief which is only inflation relief (CPI linked). DR can not replace updation.

(b) Grant of other relief as may be deemed fit and proper in the interest of Bank retirees pensioners including Family pensioners.
Family pensioners will draw 30% of his spouse pension only and in present days of cost of living survival is very difficult keep aside riding cost of medical treatment as age passes need for medical treatment increased in general.

We are confident 
Regulation 35(1) provides updation 

Regulation 56 strengthen statutory force

The Hon SC is also stated that Pension to be paid as per Regulations in force 
If not paying has to pay view also expressed in the last hearing.

Hope for the best at the earliest with Hon SC and Govt empathetic consideration.

With regards 

Yours sincerely 

B Venkata Papaiah 
SBI Pensioner
Mob 8500312128
venkatap1961@gmail.com