Payment of arrears for 5 year addtion.

[karuna]

Dear Friends,

Some body was complaining that they have not been paid arrears for
the 5 year addition permitted as per Sec.29(5) of Pension
regulations. I wish to state that Indian bank has paid me arrears of
Rs.1,46,363-10 ( Pension arrears - 93,494-10 + Commutation arrears -
Rs.52,869-00)
during August 2009 itself.

karunakaran - dk...@rediffmail.com

[Sumati M]

Dear all

wow  You are really lucky. May I know how much service you had put in?

When Indian Bank has paid, why cant other Banks  also pay us our arrears.

Sumati

SBM SVRS

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SUMATI M

[ashwani dabra]

dear all i am from sbi retired under exit option 2006 ,sbi has
not paid arrears as well as revision of basic pension for 5 years
addition . total service was 28 years .why? ASHWANI KUMAR DABRA

[karunakaran duraisamy]

Madam,

As I have written in the mail, the arrear was paid during August 2009
itself. But as you have mentioned, I feel that I was not lucky, in as
much as the amount paid was legally due to me and it has been paid
after a prolonged battle in the court and without any interest, after
a lapse of 8 years.

As a banker , you may well aware that the amount paid attracts
reasonable interest say 12%p.a. prevailing at that time of my
retirement. As it is a monthly payment as for as pension arrears and
Fixed payment as regards to commutation arrears, I have lost almost
Rs.1,50,000/- for the 8 year lapse.

Considering the incapacity of our associations, and the inhumane
nature of bank management, we feel that we are lucky even if a legally
due amount is paid after a tussle. If the present trend of the IBA and
UFBU continue, the day may not be far off that we may consider lucky
even if our pension is paid monthly.

If any bank is not paying, it is a contempt court.

karunakaran IBSVRS 2001 - dk...@rediffmail.com

[nishikant bandivadekar]

Bank of india too had paid to all eligible ex-employees arrears within three months of the Supreme Court judgement in the matter.

 

boi.bandivadekar

On Fri, Sep 23, 2011 at 7:10 PM, Sumati M <c.su...@gmail.com> wrote:

[venkat rao]

Dear Ashwani Dabra,
This is the case in Associate banks of SBI also.They too have not recd.The pensioners union of some of the asst banks have taken up the matter in High Courts.We have to wait for positive results.What about your union?
Prepare for the worst,Hope for the best.
Venkatrao.H
SBM Mysore

--- On Sat, 24/9/11, ashwani dabra <ashuda...@gmail.com> wrote:

[lakshmanan shankarnaraynan]

Dear Friends,

 

Many Banks paid the benefit of 5years notional addition. In the case of Indian Bank, the Madras High Court directed the payment to all eligible retirees.

 

S.Lakshmanan(IB-SVRS2001).

From: nishikant bandivadekar <boi.band...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Saturday, September 24, 2011 1:55 PM
Subject: Re: bankpensioner Payment of arrears for 5 year addtion.

[Chinnagourishankar]

United bank  of India has paid immediately after supreme court judgement

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