[mcj...@hotmail.com]

Is their many progress in revision of pensions for the retirees of before 2002.

MCJain

Sent from App for Gmail

[ALERTA DE CORREO]

[murthy jsn]

            We ,bank pensioners are not having any alternative except we have to approach  either High court or Supreme court with the help of RBI pattern Pension rules.

[sekhar G.]

For information of canara bank retirees :

19.02.2021

Dear Friends,

Reg: i) Payment of Wage Revision Arrears to those retired on or after 01.11.2017 and 31.01.2021 

Ii)Revision in Pension & Payment of Difference in Pension and Gratuity.

       --------------------------

In continuation to our message  posted yesterday,  we may further inform that  on our request, Mr B S Shinde, GS CBROA, Mumbai and Treasurer of our  Federatiion visited Retiral Benefit Deptt as well as Salary Deptt to collect latest developments on the above mentioned  matters. The information passed on by him is shared here below :

1. The Salary Revision arrears on account of 11th Bipartite settlement  to those retired between 01.11.2017 to 31.01.2021   shall be paid on 26/02/2021.

2. The revised reduced monthly pension(effective for Feb 2021) shall be paid to such retirees on 1st March, 2021.

3. Arrears of revised Gratuity, LFC and Commutation etc. will be paid after 1st March 2021 along with recovery of reduction in pension will be adjusted from arrears of Commutation amount.

4. The Terminal Deptt will also issue the recovery of pension certificate for income tax purpose. 

Regards, 

NK Pareek GS AICBROF

[sekhar G.]

For information of canara bank retirees : 

Dear Sirs, 

We are informed by our HO that the Pension for February 2021 will be disbursed on 26th in view of 4th Saturday & Sunday on 27th & 28th respectively. All the Pensioners will get revised DA wef Feb. 2021.

Retirees upto Dec. 2020 will get old Basic Pension & Retirees from 1st January 2021 are getting revised Pension as per 11th BPS from January onwards. 

Regards 

A N Krishna Murthy 

CBROA 

Bengaluru

[JSOMA SHEKARA]

Some news about pension updation

IBA statement on updation

as appeared in Facebook

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[Shrinivas Parkar]

It is surprising that Respected IBA Chairman shows his concern for Higher Provisions required by PSU Banks for Upgradation of Pension. I wish to bring to the attention of Respected IBA Chairman that for NPAs, Banks make Provision without demur, because it is direction of RBI. When 2 years back, due to higher Provisions for NPAs, PSU Bank came into problem, the Finance Ministry poured 2,40,000 Crores of Rupees in these PSU Bank. Respected IBA Chairman need not bother for Higher Provisions required for Pension  Updation, because Finance Ministry may provide Funds to PSU Banks, if required, since Pension Updation Instruction is given directly by Hon'ble Finance Minister Respected Nirmalaji Madam to IBA. 

Also without disclosing exact cost of Updation, excuse taken by Respected IBA Chairman is nothing but Crocodile Tears. 

It is surprise that Respected IBA Chairman hinted Pension Updation in phased manner, to avoid higher Provisions. I am not as intelligent as Respected IBA Chairman, but I am surprised that how an intelligent Person like IBA Chairman is not aware of making Provisions in phased manner over a period of say 15 years, which is allowed as per Accounting Standards. 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW2aEpQ5fmPfpnAUzQenm6CWBYcf6cp84YGOtqrck8pr0w%40mail.gmail.com.

[mamillapalli venkateswarlu]

Dear friends, Good Morning 

As part of AIBRF followup action plan, Shri K Srinivasan, Chairman AIBRF along with representatives of AKBRF met Ms.Nirmala Sitaraman, Hon'ble Finance Minister at Cochin on 28.02.2021 and submitted memorandum on pension related issues of Bank Retirees of the country.

Shri Srinivasan explained the problems of retirees for which the FM have a patient hearing and assured that she will definitely look into the matter and quipped - “Otherwise what will happen to my assurances?” Hope good days are ahead.

Let us continue our efforts with Unity to achieve our Justified and Rightful demands.

Thanks and Regards 

Nsn Reddy 

GS ABREA

[sekhar G.]

A message recd in whatsapp :

"AIBRF DELEGATION MEETING IBA CHAIRMAN SHRI RAJ KIRAN ROY THIRD TIME IN LUCKNOW ON 20.2.21

AIBRF delegation from U.P State Committee led by Shri R.K. Agrawal met IBA Chairman in Lucknow on 20.02.2021. This was the third occasion when AIBRF delegation met and submitted memorandum to IBA Chairman on pending issues of retirees THIRD TIME in last 3 months. Report received from U.P. State Committee is as under.

he MD was very frank & forthright in his discussions. he informed that though an amount of ₹20,000 crores was the burden on family pension, he had recommended the same to ministry, where a note had also been prepared & moving forward.

On pension updation issue, he himself said that it brought tears looking to the pathetic condition of pre- 2002 retirees who were not even getting 100% DA neutralization. he said he would try to give this benefit & also trying to update pension. He was studying various options including RBI formula, according to him. He informed that the cost of pension updation had gone up considerably as interest rates were coming down. he said actuary in his own bank had pegged the pension cost provision to be around ₹1000 crores. he referred to 2018 report. he also referred to a recent report obtained where the updation cost was substantially higher. he said he was trying to obtain another report from some other actuary where the pension cost could be lesser."....appreciate the positive attitude of IBA!

[Shrinivas Parkar]

Respected IBA Chairman stated to AIBRF Delegation that "Cost of Pension Updation is gone up since Interest Rates are lowering. So Higher Provision may be required." Most humbly I feel that AIBRF could reply/ clarify as follows:- 

Provision for Pension Payment is made for Pension Payment to be made in future number of years. Reduction in Rate of Interest is Temporary Phase and the Rates may go up in near future. We have to take Average Rate of Interest, which is more or less same, if the Period is long. It may be incorrect to assume that the same Rate of Interest may continue in future also. 

Further, since Rate of Interest on Deposits have come down drastically, Profitability of Banks is going to increase Substantially. Banks may not find much difficulty in making Provision/ Payment from this increased savings. Rate of Interest on Advances are not that much reduced, because demand for Bank Loan is mostly inelastic to Rate of Interest. 

The Updation Cost to be worked on the above assumptions and the necessary note, of course Positive, may be written while forwarding Updation Proposal to Finance Ministry. 

Even higher Provision is made now, it can be reversed after the Interest Rate actually rise. For example, in the year 2018, PNB reversed Rs.2,000/- Crores from Pension Fund being excess Provision and came into profit which was otherwise in loss for Rs.1,500/- Crores.

Also the Provision may be amortized to be spread in the future number of years. This is allowed as per Accounting Standards. 

The instruction to Update Pension is come directly from Hon'ble Finance Minister Respected Nirmalaji Madam. So Hon'ble  Finance Minister may take care of Cost Burden. 2-3 years back, when almost all PSU Banks came into acute financial difficulties due to NPA Problem created by Dishonest Bank Borrowers, Finance Ministry poured Rs.2,40,000/- Crores in PSU Banks. When PSU IDBI Bank came in problems few years back, Finance Ministry asked the Government owned LIC to put 50% Capital in IDBI Bank. Even when a Private Sector Yes Bank came into problem due to acts of some fraudsters, Finance Ministry asked State owned SBI to put Funds in Yes Bank. When a Private Sector 'Global Trust Bank' lost trust, Finance Ministry asked PSU 'Oriental Bank' to take over this troubled Bank. So, Respected IBA Chairman need not worry much about Financial Burden arising out by helping Honest Bank Retirees, who have played a Major Role in Nation Building. Only thing Respected IBA Chairman has to do is to work out Updation Cost honestly and promptly submit the Proposal with Positive Note, to Finance Ministry fir approval. It is the Hon'ble Finance Minister, who is going to take final decision. 

Respected IBA Chairman may be aware that PSU Banks have faced many challenges in the past and have come with the flying colours. I am confident that PSU Bank are capable of bearing any Burden. I expect Respected IBA Chairman also may have such high level of confidence in PSU Banks. 

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[Sarangapani Rao]

Congrats Shri Shrinivas Parkar👍

Excellent, cogent , pertinent , sound justifications  in response to Respected IBA Chairman's apprehensions to effect pension updation, ostensibly to prolong its implementation.!  

Let this be brought to his conscious knowledge. 

Sarangapani  

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKiUu2UfF72FD1i7HQ1A9v%3Dj60M7THO6qZwZcjSFQ1dWkmz-4g%40mail.gmail.com.

[JSOMA SHEKARA]

Irrespective of what IBA chairman said and whether it is true,  or it is logical, the fact that meeting iBA chairman for three times itself is a great achievement and we pensioners should be proud that we met IBA chairman in person.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKiUu2UfF72FD1i7HQ1A9v%3Dj60M7THO6qZwZcjSFQ1dWkmz-4g%40mail.gmail.com.

[Raghavan s]

Despite various requests, clarifications and instructions from none other than FM, for updation of pension  , IBA is still adamant. Why?

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKiUu2UfF72FD1i7HQ1A9v%3Dj60M7THO6qZwZcjSFQ1dWkmz-4g%40mail.gmail.com.

[Shrinivas Parkar]

In addition to the points stated by me, the following point also may be brought to the kind notice of Respected IBA Chairman, which I forgot to mention.

Respected IBA Chairman has shown sympathy for pre-2002 Retirees. The financial position of the Retirees have very much deteriorated, since, as stated by Respected IBA Chairman, Interest Rates have drastically come down. Retirees are getting very meager interest on their Fixed Deposit. The Financial position of Retirees is therefore become critical. In view of the above, Pension Updation must be considered on priority basis or at least some advance payment may be considered, if the sympathy of Respected IBA Chairman are not Crocodile Tears. 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAGJJNEXETdRN-GnLoV%3DevRu88bSAx%3Db-kAShvOUAR80_0bATKw%40mail.gmail.com.

[Shrinivas Parkar]

Thank you Shri Sarangpani Sir. I will be happy if the message reaches to Respected IBA Chairman. 

On Fri, 5 Mar 2021, 09:44 Sarangapani Rao, <sak...@gmail.com> wrote:

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAGJJNEXETdRN-GnLoV%3DevRu88bSAx%3Db-kAShvOUAR80_0bATKw%40mail.gmail.com.

[ganpat dhond]

I doubt all these genuine , noteworthy  solutions  for retirees specially Pre Nov 2002  retirees discussed in this forum reach IBA Chairman or other concerned authorities.  How to ensure that Concerned authorities including Chairman IBA , Finance Ministry Officials Banks CMDs   receive them and more importantly get them ATTENDED.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKiUu2Vzrh%3DzjTXaxWVG_MgGG9_1mAVmr_HY_aiZwwpgFSLBBw%40mail.gmail.com.

[Dilip Deshpande]

This Change of Attitude of IBA towards Retirees has become possible,  but for the intervention of Hon'ble Finance Minister Respected Nirmalaji Madam. 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKiUu2VoSsm5EZUTY0fANrBRQCSd0%3DeG3OGR0z%3DD1P%2BuUarrWQ%40mail.gmail.com.

[Shrinivas Parkar]

Respected IBA Chairman is unnecessarily making Pension Updation a Big Issue. Most humbly I wish to state that , PSU Banks may never come into financial problem, just by allowing Pension Updation as per Direction of Hon'ble Finance Minister. This is proved in many instances, where intentions were honest. 

The Government directed PSU Banks to implement the following Honest Government Policies:-

1. To open number of Branches in Remote Rural Areas. 

2. To give targeted loans to Priority Sector.

3. To implement various uneconomic Schemes such as IRDP, Antyodaya etc

3. To give loan at Concessional Rate of interest of 4% under DRI Scheme.

4. To give loans to Educated Unemployed without security and without third party guarantee.

5. To accept NRNR ( Non Resident Non Repatriable)  Deposits at exhaurbitant Rate of Interest @24% p.a. in the year 1992.

6. To give loan at concessional rate of interest @6.50% p.a. to all Exporters in the year 1992 onwards.

7. Etc Etc

The Banks never faced Profitability problem while implementing above and other Honest Policies of the Government. 

Also, Banks did not face Profitability problem while (1) introducing Pension Scheme

in the year 1993, (2) giving second Pension Option in 2009, (3) allowing 100% DA to Post-2002 Retirees, (4) giving 5 years benefit to VRS Optees as per Court Order (5) giving 1616-1684 DA Benefit as per Court Order and most importantly (6) Enhancing Salary of working staff at regular interval of 5 years.

If the Banks did not face any Financial Crisis in above cases, then how Respected IBA Chairman thinks that only with Pension Updation, Banks may come in financial problem? 

Indian Banking System is not that much weak that it may tumble with Pension Updation. This much confidence in Indian Banking System is expected from Respected IBA Chairman. 

[Debasish Mukherjee]

From: "psubpf" <psu...@rediffmail.com>
Sent: Mon, 08 Mar 2021 13:26:02
To: "Nsitharaman" <n.sith...@gmail.com>
Cc: "appointmentfm" <appoint...@gov.in>
Subject: No Subject
 

Fw: MISSION OF SAB KA SATH SAB KA VIKASH SAB KA VISHWAS HAS BECOME MEANINGLESS-HON'BLE PRIME MINISTER PSU BANKS RETIREES CONTINUE TO FACE EXTREME FINANCIAL CRISIS & DEVASTATED.

From: psubpf <psu...@rediffmail.com> on Mon, 08 Mar 2021 13:05:11 Add to address bookTo: 2 recipients | See Details

 

From: "psubpf"<psu...@rediffmail.com>
Sent: Mon, 08 Mar 2021 12:57:24
To: "narendramodi1234"<narendra...@gmail.com>
Subject: MISSION OF SAB KA SATH SAB KA VIKASH SAB KA VISHWAS HAS BECOME MEANINGLESS-HON'BLE PRIME MINISTER PSU BANKS RETIREES CONTINUE TO FACE EXTREME FINANCIAL CRISIS & DEVASTATED.

                                          PSU BANKS  PENSIONERS  FORUM
                                                     (Regd.under T.U.Act)
                          616,Mahamayatala Road, Basundhara C-102, Kolkata-700084.
                                   Mob.No.9330723581, E.mail-psu...@rediffmail.com  

By E.mail & Speed post.                                                                                08.03.2021.

Kind Personal Attn. of Hon'ble Prime Minister.

Sri Narendra Modi,
Hon'ble Prime Minister of India.

Respected Prime Minister Modiji,
                             RE: PSU BANKS RETIREES CONTINUE TO LIVE UNDER SEVERE 
                                    FINANCIAL DISTRESS IN SPITE OF THE GOVT.& FINANCE 
                                    MINISTER'S ASSURANCES IN PUBLIC FORUMS. YOUR MISSION
                                    SAB KA SATH SABKA VIKASH SABKA VISHWAS HAS BECOME
                                    MEANINGLESS AND DEFEATED.
                                    ----------------------------------------------------------------------------------------------
                                    We like to bring to your kind information that in spite of the Finance minister expressing concern for the financial distress the PSU Banks retirees are facing for more than 25 years due to non revision/updation of pension and her assurance to solve the problem in number of public forums since the last week of October,2020 nothing positive has noticed yet though more than four months time have passed and the retirees continue to face extreme financial crisis particularly the Pre Nov.2002 retirees who have been discriminated and denied from the benefit of 100% D.A. neutralisation the benefit that even enjoyed by the retired senior Cabinet secretaries also but denied only to the pre Nov.2002 Bank retirees out of sheer revenge against this segment of retirees by the combine of Indian Banks Association officials and the politically affiliated Banks union leaders since about 95% of the retirees from this segment belonged to VRS optees of 2001 who had opted voluntary retirement w.e.from 31.3.2001 as per a Bill was introduced in the Parliament by the then NDA Govt. in Dec.2000 to reduce man power of PSU Banks. In spite of only the unblemished employees were granted VRS w.e.from 31.3.2001 in terms of the Bill introduced in the Parliament why then this segment of retirees will continue to suffer and face financial discrimination and crisis in today's sky rocketing market price? Our humble submission before Hon'ble Prime Minister to kindly instruct the Indian Banks Association and the Banks to ensure updation of retirees pension without delay and also to PAY LEGITIMATE 100% D.A. TO THE PRE NOV.2002 BANK RETIREES SINCE THIS D.A. IS PAID TO ALL OTHERS INCLUDING THE RETIRED SENIOR CABINET SECRETARIES.
                                Beside, the Indian Banks Association in spite of commitments did not solve the retiress Medical Insurance scheme and the retirees are still forced to pay exorbitant premiums from their meagre amount of pension.
                                 Hon'ble Prime Minister, you will kindly agree that in today's technology advanced era particularly when the Banks are equipped with advanced technologies collection of datas and compilation works merely for 6 lacs retirees and one lac family pensioners cannot take more than a months time but the Indian Banks Association officials true to their malafide intention continue to intentional delay citing flimsy reasons of collection of Actuary report or compilation works etc. HON'BLE PRIME MINISTER THE RETIREES BECAME JOYOUS AND SAW A RAY OF HOPE AFTER ABOUT 25 YEARS OF NEGLECT WHEN THE FINANCE MINISTER MADE HER STATEMENTS IN PUBLIC FORUMS EXPRESSING CONCERN OF THE GOVT. FOR THE BANK RETIREES' DISTRESS AND HER DESIRE TO RESOLVE THIS LONG PENDING ISSUE OF THE RETIREES BUT INORDINATE DELAY ON THE PART OF INDIAN BANKS ASSOCIATION HAS TOTALLY FRAUSTRATED THE RETIREES AND UNLESS A STRICT INSTRUCTION FROM HON'BLE PRIME MINISTER IS ISSUED THE IBA & OFFICIALS OF FINANCE MINISTRY MAY NOT TAKE REQUIRED INITIATIVE TO SOLVE THE PSU BANKS RETIREES LONG PENDING UPDATION & OTHER ISSUES AND IN SUCH EVENTUALITY WE THE PSU BANKS RETIREES WILL GET TOTALLY DEVASTATED.
HON'BLE PRIME MINISTER KINDLY TAKE NECESSARY STEPS AND SAVE US THE DISTRESSED BANK RETIREES.

With regards.

D.Mukherjee,
       &     
M.N.Venkataraman,
 Joint Convenors.

Copies endorsed to 1)Smt. Nirmala Sitharaman, Hon'ble Finance Minister.
2) Mr. Raj Kiran Rai G, Chairman, Indian Banks Association.
3) Members, Bank Pensioner Google Groups Blog.
4) AIBRF 
5)CBPRO.
6) mumb...@rediffmail.com

[Shrinivas Parkar]

Shri Kalyansunderam Sir reported in this Blog that as per reply to his RTI Application, Indian Bank is not having Actuaries Report for last 3 years. I wish to inform that in the year 2018, PNB had reversed Rs.2,000 Crores from Pension Fund, being excess Provision as per Actuaries Report. With this Rs.2000 Crores, PNB showed Profit of Rs.500 crores, which was otherwise in loss for Rs.1,500 crores. This is mentioned in the Audit Report annexed to Balance Sheet of PNB for the year ended 31st March 2018.

This is a proof that PNB is having Actuaries Report at least for the year 2018. Can we ask copy of this Actuaries Report from PNB under RTI?

[Kalyanasundaram Subramaniam]

Now  I have lodged another application under RTI to Indian Bank as follows: 

"As per Chapter III Clause 11 of INDIAN BANK (EMPLOYEES) PENSION REGULATIONS, 1995

 Actuarial investigation of the Fund The Bank shall cause an investigation to be made by an Actuary into the financial condition of the Fund every financial year, on the 31st day of March, and make such additional annual contributions to the Fund as may be required to secure payment of the benefits under these regulations:

 Provided that the Bank shall cause an investigation to be made by an Actuary into the financial condition of the Fund, as on the 31st day of March immediately following the financial year in which the Fund is constituted.

Please let me have copy of the first Actuary investigation report (for the financial year immediately following the year of constitution of the Fund) and also report of subsequent years to the extent available."

You may please file an application to PNB. Let us see what we get. 

Regards.

S Kalyanasundaram  

[JSOMA SHEKARA]

very good

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[Pradip Chakraborty]

On Tue, 9 Mar 2021 at 4:38 PM, Shrinivas Parkar <sppar...@gmail.com> wrote:

Shri Kalyansunderam Sir reported in this Blog that as per reply to his RTI Application, Indian Bank is not having Actuaries Report for last 3 years. I wish to inform that in the year 2018, PNB had reversed Rs.2,000 Crores from Pension Fund, being excess Provision as per Actuaries Report. With this Rs.2000 Crores, PNB showed Profit of Rs.500 crores, which was otherwise in loss for Rs.1,500 crores. This is mentioned in the Audit Report annexed to Balance Sheet of PNB for the year ended 31st March 2018.

This is a proof that PNB is having Actuaries Report at least for the year 2018. Can we ask copy of this Actuaries Report from PNB under RTI?

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Pradip Chakraborty 

Mortgage and Insurance Adviser

Director
MoneySaver Mortgage Services Ltd
15 Redmount Place, Red Hill, Papakura, Auckland 2110
Phone: +649 299 9811,  Mob: +6421 294 7829

LinkedIn Home   http://au.linkedin.com/pub/pradip-chakraborty/1a/975/a33/

[Pradip Chakraborty]

On Tue, 9 Mar 2021 at 4:38 PM, Shrinivas Parkar <sppar...@gmail.com> wrote:

Shri Kalyansunderam Sir reported in this Blog that as per reply to his RTI Application, Indian Bank is not having Actuaries Report for last 3 years. I wish to inform that in the year 2018, PNB had reversed Rs.2,000 Crores from Pension Fund, being excess Provision as per Actuaries Report. With this Rs.2000 Crores, PNB showed Profit of Rs.500 crores, which was otherwise in loss for Rs.1,500 crores. This is mentioned in the Audit Report annexed to Balance Sheet of PNB for the year ended 31st March 2018.

This is a proof that PNB is having Actuaries Report at least for the year 2018. Can we ask copy of this Actuaries Report from PNB under RTI?

Hi Members 

This is an excellent expression while exposing the frustration of the retired pensioners as a whole.  I like your view.

Unfortunately, I am a Resignee employee currently live outside India, in New Zealand and still is able to earn regularly as a self employed professional with my banking knowledge.Let you know I don’t get any pension though I was qualified as completed more than 20 years service in UCO Bank.

But, regularly I read all the mails to connect with your valuable feedback which indicates IBA and UFBU all are just white elephants, obsolete, useless, incompetent and have 

no relevance for the retired employees. They can’t deliver any thing except falsehood. 

Just to let you know I was a active member and found those corrupt leaders around us in all entities.

I would only say, you are in the right direction to establish contact with Finance minister and the Central Government to draw your attention for the solution. 

Expose IBA, UFBA or anyone comes across to your way stop you. You have nothing to loose, only to win. I wish your success. 

Feel free to call me on +64 21 294 7829 if you wish.

Regards 

Pradip Chakraborty 

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CAKiUu2XNNoykAGOmgQUfp64JSgKyMKJ2YsAJwu-OZWtMy7tvbg%40mail.gmail.com.

[Sridhar Mandyam]

Our pension is defined pension plan. It is not linked to the amount in pension fund. If at all we wish to link it to balance in pension fund, our pension will be maximum half of what we are getting now, considering banks contribution to pension fund,  which we foregone at time of retirement. Actuary should only determine bank's capacity to pay,which is nothing to do balance in pension fund 

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[JSOMA SHEKARA]

Imagine what their pension would be.

Everybody deserves better life except bank pensioners thanks to IBA and UFBU.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAOsXEAVRTwi5xogTO4xKC-9bLD9dmdzS85H-TDOfqtjsf8O_5Q%40mail.gmail.com.

[KUNAL SINGH KHARAYAT]

No

 

Sent from Mail for Windows 10

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEVYxa-dZzAu9kvbcpvyRPP4RmiisJRtj4DmCp4SJ-iuM7xjDw%40mail.gmail.com.

 

[Sanjay J]

OMG !!!

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW3BGd%2BG2pvXJhCT4znLxoEuh_%2B5gy6H9X_tip5SwvstEQ%40mail.gmail.com.

[ganpat dhond]

----- Forwarded message -----

From: ganpat dhond <gjd...@yahoo.com>

To: Suprita Sarkar <suprita...@gmail.com>; Sharbat Jain <sharb...@rediffmail.com>; Acharya CBPRO Convenor <acharyave...@gmail.com>; ALL INDIA BANK PENSIONERS & RETIREES CONFEDERATION <aib...@gmail.com>; Allamaraju RameshBabu Allamaraju <babu...@gmail.com>; C. H. VENKATACHALAM <chv....@gmail.com>

Sent: Wednesday, 10 March, 2021, 11:02:52 am IST

Subject: Fw: bankpensioner Fw:

Anguish of  Retirees Specially Pre Nov 2002  RETIREES  well expressed.  Such retirees expect such actions from your end to mitigate their hardships without delay

Regards

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW0WLMv1v0eoid%2BRD5dYTYZ8ZbyVyqM51bgDzE%2BuDwbKtQ%40mail.gmail.com.

[Sureshbhat M]

 Now GOVT is adopting  the mission   for all general people  --

 SAB KA SATH SAB KA VIKASH

But for Bank Retirees -

BANK PENSIONERS VINASH

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW0WLMv1v0eoid%2BRD5dYTYZ8ZbyVyqM51bgDzE%2BuDwbKtQ%40mail.gmail.com.

[Shrinivas Parkar]

Sorry Sir, it is not Duty of Actuaries to determine 'Bank's capacity to Pay'. Duty of Actuaries is to determine Life Expectancy and based on the input provided by the Bank, to work out cost of Pension Updation, as per Updation Formula advised by the Bank. It is Bank's duty to provide input such as Present Pension drawn by various Retirees, Proposed Pension Increase, Estimate of Future Return on Pension Fund, Estimates of future inflation rate etc. As per latest Census, Life Expectancy in India is 66 years. Pension will be upgraded after 5 years. This means, on an Average, there will be only One Pension Updation for One Year. If Actuaries proposes diferent Life Expectancy, he has to justify the same. Final Authority to decide about 'Bank's Capacity to Pay' is Hon'ble Finance Minister and not 'Actuaries ', as inadvertently  stated by Shri Sridhar Sir. Our Present Hon'ble Finance Minister Respected Nirmalaji Madam has already shown her keenness to Upgrade Pension of Bank Retirees. Respected Nirmalaji Madam is not an Ordinary Politician. She is Highly Qualified and Intelligent. She is handling the Finance Ministry since long. Respected Nirmalaji Madam is fully aware of the Capacity of the Banks to Pay. Only thing required is that IBA Chairman has to work out the Updation  Proposal honestly and put up the same for the Approval of Hon'ble Finance Minister, as early as possible. 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEVYxa-dZzAu9kvbcpvyRPP4RmiisJRtj4DmCp4SJ-iuM7xjDw%40mail.gmail.com.

[Ramarao Velagapudi]

very good sir. Then sue the bank for failing to honour the commitment to follow RBI model pension updation

[Anantharaman Tg]

Very well said Mr.Suresh Bhat!

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAJjVXgx%2B8vhZHdjwQmRaFzP4LSkrtJHE7OvPtMNxpc7ygWMMkA%40mail.gmail.com.

[Ramarao Velagapudi]

It's simple window dressing exercise sir. Banks routinely window dress weekly reports to RBI. It's known to all bank officers. Now they are rigging the audited balance sheets of banks also. OMG. After SBI had certified crony loan application for Rs.9,000 cr  to Mallya's Kingfisher airlines which was NOT eligible for Rs.1 lakhs loan. Neither RBI Nor Govt of India have put SBI chairman and all their loyal dogs of that period. This is failure of rule and also protecting the guilty.

Regards,

Ramarao

Hyderabad

11-03-2021

On Tue, Mar 9, 2021 at 9:08 AM Shrinivas Parkar <sppar...@gmail.com> wrote:

Shri Kalyansunderam Sir reported in this Blog that as per reply to his RTI Application, Indian Bank is not having Actuaries Report for last 3 years. I wish to inform that in the year 2018, PNB had reversed Rs.2,000 Crores from Pension Fund, being excess Provision as per Actuaries Report. With this Rs.2000 Crores, PNB showed Profit of Rs.500 crores, which was otherwise in loss for Rs.1,500 crores. This is mentioned in the Audit Report annexed to Balance Sheet of PNB for the year ended 31st March 2018.

This is a proof that PNB is having Actuaries Report at least for the year 2018. Can we ask copy of this Actuaries Report from PNB under RTI?

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[Ramarao Velagapudi]

sir,

Please realise that this Govt has let us down from the high expectations of no-corruption and transparent governance. Govt doesn't think it is necessary to discuss the bills in the House before voting on them! Is this democracy? BJP is in bed with perhaps the most corrupt and shamelessly partisan YCP Govt. What can you expect from this?

Take Vizag steel project privatisation - How's disinvestment done? Vajpayee Govt did so with Arun Shourie heading the ministry with distinction. But now, POSCO just walks in!!!  It's not going to happen that way. Invite RFI from interested parties, screen them transparently and let it be done under judicial scrutiny, if Govt is really honest.

Coming to pension updation, do not believe any 'news' or 'scoops' floating around, they are false baloons let loose by BJP  only. Our goal will be fulfilled only by court verdict. 

So please work on this way forward. You are all seasoned pensioners. You know the deal.

Regards,

Ramarao

Hyderabad

10-03-2021

On Mon, Mar 8, 2021 at 3:37 PM 'Debasish Mukherjee' via bankpensioner <bankpe...@googlegroups.com> wrote:

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[Debasish Mukherjee]

Well said Mr.Suresh Bhat M actual inner meaning of Prime minister's mission is SAB KA SATH SAB KA VIKAS BUT BANK PENSIONERS VINASH. When even after several months of the Finance minister's assurance in several public forums neither updation for the Bank retirees nor removed discrepancy in payment of 100% D.A. to the pre Nov.2002 retirees materialized and the F.M. and MOS finance made untrue and false statements on the floor of Rajya Sabha and Lok sabha it has only proved that the P.M. and F.M. are no exception and they are in same boat as other political leaders who have dupedr the common and innocent people as present P.M. and F.M. have fooled the Bank retirees. F.M. Smt.Sitharaman has simply shed crocodile tears for distress of the Bank retirees and she is not at all sincere for solving the retirees sufferings.

Debasish Mukherjee,

mumb...@rediffmail.com

Sent from RediffmailNG on Android

From: Sureshbhat M <sures...@gmail.com>
Sent: Wed, 10 Mar 2021 16:15:39 GMT+0530
To: bankpe...@googlegroups.com
Subject: Re: bankpensioner

 Now GOVT is adopting  the mission   for all general people  --

 SAB KA SATH SAB KA VIKASH

But for Bank Retirees -

BANK PENSIONERS VINASH

On Tue, Mar 9, 2021 at 3:48 PM JSOMA SHEKARA <jsomase...@gmail.com> wrote:

very good

To view this discussion on the web visit https:roups.google.com/d/msgid/bankpensioner/1615190162.S.19074.14114....@webmail.rediffmail.com.

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[Anantharaman Tg]

As per news, the Govt.implemented a scheme named

Arunodoi under which Rs.830 per month is being transferred

to Bank accounts of 22 lakhs of disadvantaged families across 

the state (Assam, tea garden workers) since November.

The sympathetic FM can emulate this in case of  Bankpensioners

too by another Arunodoi! This will not only show her resolve

to end the problem of updation to pensioners, but can work out

for early settlement of the issue. 

[Shrinivas Parkar]

Yes Respected Shri Pradip Chakraborty Sir. I am convinced that a great injustice has been caused to Bank Resignees. I honestly feel that whether you call one as Resignee or Retiree, he must be entitled to Pension after rendering qualified years of service. For example, if you call him 'God Ganpati' or 'God Gajanan', it denotes one and  same God. Resignee & Retiree are only technical terms. Thus, just by technically distinguishing them, Resignees may not be barred from the Pension Option. 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAOsXEAV_ST9da3y%3D-JMgpFB5Oj3q6%2Bb8YOjPfZe1MDUy0ODHVw%40mail.gmail.com.

[T R Kartik]

Sir,

election has been declared in Assam. so this scheme now I guess.

Thanking You,

Yours,

Kartik

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[Sridhar Mandyam]

Are we comparing ourselves to Assam Tea garden workers who are BPL

Mandyam Sridhar

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM-eYm4-s8tri4_Soupk-CUDBn5tBCL-W06U%3DMHtN0kEe2fkyw%40mail.gmail.com.

[Shrinivas Parkar]

During the meeting with AKBRF in Cochin some days ago, Hon'ble Finance Minister Respected Nirmalaji Madam has assured to again take up the matter with IBA. Respected Nirmalaji Madam quipped 'OTHERWISE what will happen to my Assurance'. So, Hon'ble Finance Minister may call her PA in her Cabin and ask him to convey message of Hon'ble Finance Minister to IBA Chairman in suitable words. PA calls IBA Chairman and talks,"Bank Pension Updation is a Policy Decision of the Government. Hon'ble  Finance Minister wants this Decision to be implemented within One Month." Only 2 sentences and that is all.  Without giving an Opportunity to IBA Chairman to speak anything, PA cuts the Phone. Then see  the Result. This may be normal system.

[Shrinivas Parkar]

Pension Updation is a Policy Decision of the Government. If UFBU tries to come in way, the Government may scrap BPS System and replacing the same by Pay Commission or something like that. Somewhere in 1966, the Award System for Bank Salary Revisions, was abolished and replaced by BPS. The Government may take U-Turn and abolish BPS, now. In that case the Shops of UFBU Leaders may be closed. This is the operation of 'Theory of Karna', advocated by some Member, few months ago. 

[JSOMA SHEKARA]

On July 22, 2020 then IBA chairman declared IBA has agreed for improvement in Family pension. Then he tweeted and congratulated FM etc. Union leaders and retiree associations also congratulated FM.

But for mysterious reason proposal was kept pending til Nov 2020 and was sent to DFS after that. Later on Dec 18th, DFS directed IBA to send revised poroposal.

IBA sent revised proposal on 25th Jan 2021, just before few days of Budget session. Due to Budget presentation and session it is certain proposal of IBA would not get attention of FM. Spokesmen of IBA claims note is pending for clearance.

Now elections are declared. Will DFS take decision before final declaration of results on May 2nd?

On Sat, Mar 13, 2021 at 5:23 PM T R Kartik <karti...@gmail.com> wrote:

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM-eYm4-s8tri4_Soupk-CUDBn5tBCL-W06U%3DMHtN0kEe2fkyw%40mail.gmail.com.

[Narendra Khutate]

Every one is under  BPL compared to UFB/UAIBEA leadership.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW1mrGJTOc%3D9byC0mf76zTvoUGuiLMhunRe5hSzPNRRnKA%40mail.gmail.com.

[Nagaraju Kakani]

Sairam, For this to happen only, Govt may be waiting

Let's wait and see what is in store. 

Nagaraju Kakani 

Nallagandla Hyderabad 500019

On Mon, Mar 15, 2021, 09:47 Shrinivas Parkar <sppar...@gmail.com> wrote:

Pension Updation is a Policy Decision of the Government. If UFBU tries to come in way, the Government may scrap BPS System and replacing the same by Pay Commission or something like that. Somewhere in 1966, the Award System for Bank Salary Revisions, was abolished and replaced by BPS. The Government may take U-Turn and abolish BPS, now. In that case the Shops of UFBU Leaders may be closed. This is the operation of 'Theory of Karna', advocated by some Member, few months ago. 

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[Anantharaman Tg]

Sri Sridhar Mandyam,

I do not know whether they are below or above poverty level

But the Govt. decided to pay them by DBT. 

If they can do that, then let them follow the same 

in Bank pensioners case also, many of them suffering

by discrimination for long. Hence my observation.

If they do it, then there will be an urge to finish of the

updation matter without anymore delay.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEVYxa9vD%2BrDo0wyA5MWBefaErNZ02TbyHzQwr_tztjTso-6HQ%40mail.gmail.com.

[Shrinivas Parkar]

I request and appeal to Mumbai Units of Retirees Association to visit IBA Office located in South Mumbai and discuss the matter with IBA Chief Executive and/ or the IBA Officer, dealing with Updation Matter. Many Members have given good information/ suggestions in this Blog, which may be useful in clearing doubts of IBA People. Also, further follow up may be made to track the Developments in the matter. If IBA Chief Executive refuses to give appointment, assistance of South Mumbai MLA Respected Arvindji Ganpat Sawant may be taken. Respected Arvindji is right hand of Maharashtra Chief Minister Respected Uddhavji Thakare. Respected Arvindji is Chief of Bhartiya Kamgar Sena. Respected Arvindji is brother of Bank of India Union Ex-Leader late Sharad Ganpat Sawant. Respected Arvindji is a Dynamic Leader and was instrumental in getting Pension for MTNL (Mahanagar Telephone Nigam Ltd) Retirees. 

[Shrinivas Parkar]

In continuation of my mail, I wish to caution that Respected Arvindji Sawant is Leader of Shivsena. Previously, BJP & Shivsena were having alliance. However, now BJP & Shivsena are enemies of each other. So assistance of Arvindji may be taken cautiously. 

[Sridhar Mandyam]

The contention is the government has paid some amount to Tea Garden Workers by direct bank credit. Hence  bank pensioners to be paid same way

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAGpzJrC60J-wNsuFi%3D4D8Si8TXKMHnGC2Htm%2BGsp4Pu37FCrJA%40mail.gmail.com.

[JSOMA SHEKARA]

 

Babus in DFS are giving cut and paste replies to RTI queries without application of mind.

I had requested copies of certain documents submitted by IBA to DFS under RTI Act.

DFS just replied since it is third party information they have sought concurrence of IBA to provide such information. After 15 days they replied "IBA has advised us not to provide copies of documents requested" hence we are unable to provide information requested.

They did not elaborate which rule under RTI prohibits providing such information.

The Funny thing is they advised me to approach IBA directly to get such information.

When even the Central govt needs permission of IBA to provide such information how I can get such information directly from IBA.

Any guess who is controlling whom?

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKxG0JVp%2BTGqAc%2BBg-B_6gZHHhP3o9E7qe96_4TaHdQ4GQQwKg%40mail.gmail.com.

[JSOMA SHEKARA]

Like my above experience these Babus also prepare cut and paste replies for FM to read in Parliament in reply to questions of MPs on Updation issue.

[Ramarao Velagapudi]

wrong, sir. Pension updation is a Right, sir.

Ram

On Mon, Mar 15, 2021 at 9:47 AM Shrinivas Parkar <sppar...@gmail.com> wrote:

Pension Updation is a Policy Decision of the Government. If UFBU tries to come in way, the Government may scrap BPS System and replacing the same by Pay Commission or something like that. Somewhere in 1966, the Award System for Bank Salary Revisions, was abolished and replaced by BPS. The Government may take U-Turn and abolish BPS, now. In that case the Shops of UFBU Leaders may be closed. This is the operation of 'Theory of Karna', advocated by some Member, few months ago. 

--

[Ramarao Velagapudi]

That was a clever ploy by Govt to lead pensioners into a stupor that Govt will order updation.

Well, sir, like fuel price reduction, our pension updation is also a false promise

On Mon, Mar 15, 2021 at 9:45 AM Shrinivas Parkar <sppar...@gmail.com> wrote:

During the meeting with AKBRF in Cochin some days ago, Hon'ble Finance Minister Respected Nirmalaji Madam has assured to again take up the matter with IBA. Respected Nirmalaji Madam quipped 'OTHERWISE what will happen to my Assurance'. So, Hon'ble Finance Minister may call her PA in her Cabin and ask him to convey message of Hon'ble Finance Minister to IBA Chairman in suitable words. PA calls IBA Chairman and talks,"Bank Pension Updation is a Policy Decision of the Government. Hon'ble  Finance Minister wants this Decision to be implemented within One Month." Only 2 sentences and that is all.  Without giving an Opportunity to IBA Chairman to speak anything, PA cuts the Phone. Then see  the Result. This may be normal system.

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[KUNAL SINGH KHARAYAT]

Govt.  never said anything  for updation they only  sympathised. There was no order. 

 

Sent from Mail for Windows 10

 

From: Ramarao Velagapudi
Sent: 16 March 2021 16:01
To: bankpe...@googlegroups.com

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAK_UXCiix98VhSk0e2k0ycqpF77Mb9WAA9i-Ln92TkNXu3wNxw%40mail.gmail.com.

 

[Debasish Mukherjee]

This generally may be the practice of the ministers towards other bueaurocrats but to IBA Chairman the F.M. will never behave that way since it was the Finance ministry that allowed diversion of pension corpus and the F.M. will restrain herself from becoming rude on the IBA chairman, officials and even to the UFBU leaders.

Debasish Mukherjee,

mumb...@rediffmail.com

Sent from RediffmailNG on Android

From: Ramarao Velagapudi <ramvela...@gmail.com>
Sent: Tue, 16 Mar 2021 16:01:37 GMT+0530
To: bankpe...@googlegroups.com
Subject: Re: bankpensioner Awake Pensioners Awake

That was a clever ploy by Govt to lead pensioners into a stupor that Govt will order updation.

Well, sir, like fuel price reduction, our pension updation is also a false promise

On Mon, Mar 15, 2021 at 9:45 AM Shrinivas Parkar <sppar...@gmail.com> wrote:

During the meeting with AKBRF in Cochin some days ago, Hon'ble Finance Minister Respected Nirmalaji Madam has assured to again take up the matter with IBA. Respected Nirmalaji Madam quipped 'OTHERWISE what will happen to my Assurance'. So, Hon'ble Finance Minister may call her PA in her Cabin and ask him to convey message of Hon'ble Finance Minister to IBA Chairman in suitable words. PA calls IBA Chairman and talks,"Bank Pension Updation is a Policy Decision of the Government. Hon'ble  Finance Minister wants this Decision to be implemented within One Month." Only 2 sentences and that is all.  Without giving an Opportunity to IBA Chairman to speak anything, PA cuts the Phone. Then see  the Result. This may be normal system.

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[Imamshah Jahangeer]

PA to FM speaking to the IBA Chairman as imagined by Mr.Parkar may happen in daydreaming only. Please speak reality as to what's to be done and how it should be done. It is a wild imagination to hope falsely that whatever we are putting here reaches the power center be it IBA or MOF or PM. 

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[Shrinivas Parkar]

Even after 6 months, IBA Chairman has not forwarded Pension Updation Proposal to Finance Ministry, for Approval, despite instruction of Hon'ble Finance Minister Respected Nirmalaji Madam. Does IBA Chairman thinks himself more Intelligent than his Boss, i.e. Hon'ble Finance Minister of India? Respected Nirmalaji Madam is Finance Minister of India, having responsibility of entire Indian Economy. IBA Chairman is Chairman of only One PSU Bank. It is the Finance  Ministry that has appointed the Union Bank Chairman to implement Policies of the Government. It is the Government of India that takes care of Banking Sector. For example, in 2018, when PSU Banks could not cope up with NPA Problem, it is the Finance Ministry that poured Rs.2,40,000 Crores in PSU Banks. The Finance Ministry has assisted other Private Sector Banks also. Respected Nirmalaji Madam is Finance Minister of entire India for a long time. She is highly qualified and intelligent. Respected Nirmalaji Madam is fully aware of the financial capacity of Banks in India to bear Pension Updation Cost. Respected IBA Chairman is requested not to try to supersede Hon'ble Finance Minister of India. Otherwise we may not have option, but to approach Hon'ble Home Minister Respected Amitji Shah, who is in charge of CBI, ED, NIA etc. Respected Amitji is very dedicated Minister. Respected IBA Chairman is humbly requested not to compel us. 

[JSOMA SHEKARA]

Whatever we write as long as IBA and BPS exists pensioners will not get a dime.

Go through history of BPS since 2001. In every BPS from VI BPS to XI

 BPS benefits were systematically snatched away from pensioners on  one side and on the other side crores of Rupees was flowing to coffers of unions.

During last 20 years only second pension option was achieved that too by collecting penalty and leaving some groups out of benefit

IBA and BPS combination will sure send more pensioners to ICU in future also.

 

On Wed, 17 Mar, 2021, 11:36 AM Shrinivas Parkar, <sppar...@gmail.com> wrote:

Even after 6 months, IBA Chairman has not forwarded Pension Updation Proposal to Finance Ministry, for Approval, despite instruction of Hon'ble Finance Minister Respected Nirmalaji Madam. Does IBA Chairman thinks himself more Intelligent than his Boss, i.e. Hon'ble Finance Minister of India? Respected Nirmalaji Madam is Finance Minister of India, having responsibility of entire Indian Economy. IBA Chairman is Chairman of only One PSU Bank. It is the Finance  Ministry that has appointed the Union Bank Chairman to implement Policies of the Government. It is the Government of India that takes care of Banking Sector. For example, in 2018, when PSU Banks could not cope up with NPA Problem, it is the Finance Ministry that poured Rs.2,40,000 Crores in PSU Banks. The Finance Ministry has assisted other Private Sector Banks also. Respected Nirmalaji Madam is Finance Minister of entire India for a long time. She is highly qualified and intelligent. Respected Nirmalaji Madam is fully aware of the financial capacity of Banks in India to bear Pension Updation Cost. Respected IBA Chairman is requested not to try to supersede Hon'ble Finance Minister of India. Otherwise we may not have option, but to approach Hon'ble Home Minister Respected Amitji Shah, who is in charge of CBI, ED, NIA etc. Respected Amitji is very dedicated Minister. Respected IBA Chairman is humbly requested not to compel us. 

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[Shrinivas Parkar]

It may happen in reality. One of my friend, after his Retirement from the Bank, was working as Banking Consultant with a Company. The Loan Account of that Company had become NPA with one particular  Bank. The Borrower Company was trying to settle the Account. However, the concerned DGM of the Bank was humiliating the Borrower. My friend's Job was to negotiate with the Bank DGM for amicable settlement. My friend visited Bank's DGM at Bank' Office, but experienced huge humiliation from Bank's DGM. The Borrower remembered that his Childhood friend was Senior Leader of then Ruling Political Party and the Chief Adviser to the then Power Centre. Along with my Friend, the Company Owner visited Office of the Leader. The Leader was happy to meet his childhood friend. The Leader asked the purpose of visit. The Company Owner narrated the entire Episode. The Leader was having 4 IAS Officers as his Personal Assistants. The Leader asked who was handling that Particular Bank. One PA came forward. The Leader asked his PA to call Chairman of that Bank. The Leader talked only 2 sentences,"XXX is my Account. I want this Account to be settled." Without giving opportunity to the Chairman to talk, the Phone was disconnected. Next day, when my Friend visited the Office of the DGM of the Bank, the DGM himself came out of his Cabin to welcome my friend and offered Cup of Coffee. Needless to say the Account was settled amicably within 15 days.

[KUNAL SINGH KHARAYAT]

I think there is no updation now.

 

Sent from Mail for Windows 10

 

--

[Imamshah Jahangeer]

We would be only too glad if things move as you have narrated.

--

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[Nagaraju Kakani]

Sairam, I think our group is small when compared to tghe total retirees and pensioners of around 6 lakhs,

but all are vocal,intelligent,straight forward and leaders in their own field and especially in banking. is there any system are group

to take care of the messages and discussions to reach the concerned authorities. If not what we discuss will be a futile excercise of time passing

grievance expression.

Hope some body is monitoring on daily basis and reporting to the concerned through various media means.on weekly basis.

let our problems percolate to all our retirees and inservice employees for their support and to the public in large for their support.

with regards,

nagaraju kakani

nallagandla,Hyyderabad 500019 

On Wed, Mar 17, 2021 at 11:36 AM Shrinivas Parkar <sppar...@gmail.com> wrote:

Even after 6 months, IBA Chairman has not forwarded Pension Updation Proposal to Finance Ministry, for Approval, despite instruction of Hon'ble Finance Minister Respected Nirmalaji Madam. Does IBA Chairman thinks himself more Intelligent than his Boss, i.e. Hon'ble Finance Minister of India? Respected Nirmalaji Madam is Finance Minister of India, having responsibility of entire Indian Economy. IBA Chairman is Chairman of only One PSU Bank. It is the Finance  Ministry that has appointed the Union Bank Chairman to implement Policies of the Government. It is the Government of India that takes care of Banking Sector. For example, in 2018, when PSU Banks could not cope up with NPA Problem, it is the Finance Ministry that poured Rs.2,40,000 Crores in PSU Banks. The Finance Ministry has assisted other Private Sector Banks also. Respected Nirmalaji Madam is Finance Minister of entire India for a long time. She is highly qualified and intelligent. Respected Nirmalaji Madam is fully aware of the financial capacity of Banks in India to bear Pension Updation Cost. Respected IBA Chairman is requested not to try to supersede Hon'ble Finance Minister of India. Otherwise we may not have option, but to approach Hon'ble Home Minister Respected Amitji Shah, who is in charge of CBI, ED, NIA etc. Respected Amitji is very dedicated Minister. Respected IBA Chairman is humbly requested not to compel us. 

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[Anantharaman Tg]

Unfortunately there may not be any good samaritan like

that in our case.

Let the pensioners/retirees of Banks in the Capital join together

and make it a point to press the FM's office to make the FM's

wish to action without any delay.

As one of the members here expressed today, it is possible that

the DFS itself can simply give orders to Banks for updation of

pension as done in the case of RBI, NABARD etc.  Let them

also realise that it is after all the "contagion effect" which they

themselves predicted long back and should follow suit now.

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[Nagaraju Kakani]

Sairam, Is there God father for us also like you mentioned.

We retirees are 6 lakhs Kuchelas  and no Krishna for us.

Let us search for Him.

May Bhagawan bless all of us.

with greetings,

nagaraju kakani

nallagandla hyderabad 500019

On Wed, Mar 17, 2021 at 3:41 PM Shrinivas Parkar <sppar...@gmail.com> wrote:

--

[Raghavan s]

FM has no control over IBA

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/5283442A-2B39-40D8-B8DA-CBCCB8AF2511%40hxcore.ol.

[Sridhar Mandyam]

While we need Krishna, we are certianly not Kuchelas. As Bankers, We had a privileged life in society. We got loan to have own shelter when it was diffjcult tk get even 5000 rupees loan. We are getting pension while 90 percent struggle till end for living. Let us thank God for what He has given us

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKxG0JU2miK%2BJqLObCrDjhhf%3DG21uibraFarKR6paUAgxk9kTg%40mail.gmail.com.

[Harish Midha]

Suggest that some resourceful amongst affected pensioners/ Retiree association fix a meeting with Resp  FM through her office in Delhi and the date time and venue may be communicated on this blog with an appeal to all affected pensioners in and around Delhi to be there and request her/ impress upon her to issue necessary instructions to concerned IBA official to recommend pension up ration/ revision within a time frame.

....

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKxG0JU2miK%2BJqLObCrDjhhf%3DG21uibraFarKR6paUAgxk9kTg%40mail.gmail.com.

[Shrinivas Parkar]

OK, let us assume that Hon'ble FM has no control over IBA. But, IBA Chairman is Chairman of one PSU Bank and Hon'ble FM has full control over Chairmans of all PSU Banks. Further,  CBI, ED, CVC etc are having Control over Chairmans of all Banks and the Government is having full control over CBI, ED, CVC etc.

 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAAyDSeJnm-1NF%3DgR6aRZNVmuaAUJL4bZK%3Dr_OUm-ZPgWw3gYCw%40mail.gmail.com.

[Shrinivas Parkar]

Yes. There is Godfather for us and he is none other than our Beloved  Hon'ble Prime Minister Respected Narendra Modiji Sir. I heard that one of our colleague Shri Varma Sir is close Family Friend of Great Leader of BJP, Respected Shri Lal Krishna Advani Sir. Somewhere in October 2020, Shri Varma Sir narrated Bank Pension Updation matter to Respected Advani Sir. After hearing the facts, Respected Advani Sir telephoned to our beloved Hon'ble Prime Minister Respected Narendra Modiji Sir. Convinced about genuineness of the Bank Pension Updation Matter, Hon'ble  Prime Minister Respected Modiji telephoned to Hon'ble Finance Minister and asked her to do the needful. The Interview of Hon'ble Finance Minister Respected Nirmalaji Madam to Business Line in October 2020 and her subsequent direct advise to IBA at the time of IBA Anniversary, are the outcome of the Telephonic Instruction of our Beloved Hon'ble Prime Minister Respected Narendra Modiji Sir to Hon'ble Finance Minister Respected Nirmalaji Madam. Such major Decision of Pension Updation cannot be taken by Hon'ble Finance Minister, independently.

I appeal to Retirees Associations, their Units, other Groups, including 'We Bankers' to followup  Aggresively, repeat Aggresively with IBA & DFS to get Pension Updation for all of us. The necessary Teeth & Nails are given to us by Hon'ble Finance Minister and our beloved Hon'ble Prime Minister. 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKxG0JU2miK%2BJqLObCrDjhhf%3DG21uibraFarKR6paUAgxk9kTg%40mail.gmail.com.

[mamillapalli venkateswarlu]

Pension updation

Dear friends,

Pension updation will not materialize. This is reality. UFBU, specifically AIBEA is not only not interested in pension updation but also they are against for it. UFBU don't request for updation, IBA has no intention to recommend and like that MOF

absolutely no inclination to sanction. In this scenario, how we get pension updation? Most of our colleagues knew it pretty well.

But one of our learned colleagues affirmed that he spoke to Modiji and convinced him. But nothing happened. Now he is telling that pension updation is not going to be sanctioned; but Family Pension revision will be done. 

Pension updation is a dream only but not reality. Reality overcomes desires and daydreams. Better we accept reality for the sake of health.

M.Venkateswarlu

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAGpzJrDkG_pUDziRLbikz4YhAb6R%2BHZ6DraRmgDntswJO20JaA%40mail.gmail.com.

[Shrinivas Parkar]

This is a good suggestion. However, I find that the mails in this Blog can also be read by non-members through Google, by typing key word "Bank pensioner google group". I guess that some Persons from concerned Authorities may be reading the mails posted in this Blog. Therefore some stooges have been planted in this Blog by the Concerned to defend/ Advocate for themselves or to discourage/ demoralise the Genuine Members of this Blog. We may ignore such Stooges and  continue posting our mails in this Blog, without keeping any doubt in mind. 

However, the suggestion of Shri Nagaraju Sir may be implemented by some knowledgeable Member, who may be well versed with the Present System of Communication. All Retirees may remain grateful to such Member. 

On Thu, 18 Mar 2021, 09:33 Nagaraju Kakani, <rajag...@gmail.com> wrote:

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKxG0JXYgbdziMjzDSL_fdQUkw0wiuy45nVQAF-NM-ZaZKMkrg%40mail.gmail.com.

[Srirama Murti]

thank you Shri Mamillapalli venkateswarlu for opening the eyes of all pensioners.

Let us live in reality. 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKfTLUn-Dv-Bcx6Ki3u_UmVFQS8efgKmBfjPVcuX6-YzRt%2BJrg%40mail.gmail.com.

[Srirama Murti]

I also appeal to Delhi based retirees to meet FM and others representing the grievances.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKHz0FxVQLRi%2BJ5DMCmcFkmNBOp1FEv9iE8BNqaK60eFFNcXhg%40mail.gmail.com.

[Anantharaman Tg]

IBA is the creation by the Banks.

The DFS of the Finance Ministry has control over Banks.

Then why FM has no control over the IBA?

Simply giving instruction to Banks themselves

can work. this is my humble opinion. 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAAyDSeJnm-1NF%3DgR6aRZNVmuaAUJL4bZK%3Dr_OUm-ZPgWw3gYCw%40mail.gmail.com.

[Shrinivas Parkar]

In the year 2013, our Present Beloved Prime Minister Respected Narendra Modiji Sir was Chief Minister of Gujarat and was declared as BJP Candidate for the Post of Prime Minister in the forthcoming General Election of 2014. At that time, Respected  Modiji had visited Army Staff at the Border and declared that he would introduce OROP for Army Staff, if he is elected as Prime Minister. Really in the year 2014, Respected Modiji became Prime Minister of India. But OROP was not introduced. The Army Staff reminded Hon'ble  Prime Minister Respected Modiji of his assurance. In 'Man Ki Bat', Respected Modiji stated that he was not aware of the complicated nature of OROP, when he had given the assurance. This excuse was acceptable since a Chief Minister of one state cannot be expected to know the implications of OROP to Central Army Staff. However,  Subsequently, Hon'ble Prime Minister had to follow his words and OROP was implemented for Army Staff.  But, when Respected  Nirmalaji Madam Publicly declared that she is committed to give Pension Updation to Bank Retirees, she was Finance Minister of India. Finance Minister of India is supposed to know the present as well as expected Financial Position and Capacity of Banks. If Hon'ble Finance Minister Respected  Nirmalaji Madam now says that she was not aware of the financial position of Banks, wrong message about knowledge and capacity of Finance Minister of Present Government, may be spread. The image of entire present Government may be spoiled. I confidently trust that our Beloved Hon'ble Prime Minister may not allow this to happen.

[JSOMA SHEKARA]

It is crystal clear that as long as IBA  and BPS exists pensioners will get nothing,

 A private club which can calculate arrears of 10 Lakh Bank employees in 15 days needs 10 years to collect data and calculate updation cost and still collecting data.

This private club which is getting crores of Rupees to conduct BPS and have all infrastructure available in the world intentionally delays BPS for 40 months so that another private group can get 400 crores levy.

In turn this private group agrees for status quo in wage revision increase and forego updation and other benefits.

It is mutual understanding.

Then this private group unleash its supporters who will blame Adani, Ambani, Trump etc for non revision of pension.. But Even Adani, Ambani could not prevent extracting 400 crores levy.

During the last one year or so a number of MPs , EX PM and present cabinet ministers are taking up our updation issue with DFS but no union leader  has time to meet fM and present representation.

Neither these leaders have sent reminders to BA to expedite the pension revision process.

But this union within 2 hours of FM budget speech could make arrangements and chalkout strike call neglecting the 20 years old updation issue.

When they have blocked updation how they will take up the issue with IBA.

Unless DFS separates retirees issues from BPS and out of clutches of traders nothing positive will emerge.

This govt has taken some out of box decisions. So it can do this . This is only our solution.

How BPS is working for us

1. 6th BPS gratuity anomaly

2. 7th BPS- 5 year benefit, 1616-1684 animalies

3. 8th BPS denial of 100% DA

4. 9th BPS - excluding CRS  and other retirees from second Pension option

5. 10 and 11th BPS denying Pension on special alloawnce.

6. Recovering Commutation from DOR though it is paid 10-15 years after it is due.

7. Not implementing even SC orders as directed.

By this time both private club and Private group are in the drawing room to devise plans as to which benefit they can snatch from 12th PS retirees.

This has been going on for the last 20 years. And will continue till the last pensioner die.

All retiree associations are afraid of these leaders. They have no guts to ask these leaders why they are silent and not taking up the issue with IBA when the updation issue is pending since the last 4 months with IBA.

Traders exchange benefits for money

Trade Union(RBI) secure benefits for all.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/209498123.305628.1616081051978%40mail.yahoo.com.

[Atul Mangla]

श्रीमान शेखर जी आपका लेख बहुत सटीक है। आजकल हर एक बात के लिए अपनी कमियों को अनदेखा कर अडानी ग्रुप व अम्बानी ग्रुप का नाम जोड़ना एक फ़ैशन बन गया है।

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW107D%3D-aZnVP-t-BRBeXVKBWD%2B1VLqiXbbZiB-yJ4b8TA%40mail.gmail.com.

[saradindu basu]

The ex-servicemen claimed that the full OROP granted by the NDA government in November 2015 was not implemented . According to them,  OROP had several anomalies . Moreover, they said that the OROP, which was due for revision from 1 July 2019, was challenged by Comptroller General of Defence Accounts  by their letter to the Ministry of Defence , which says that  revision was not necessary. The Indian Ex-Servicemen Movement  had filed a case in the Supreme Court . The apex court  advised the government to talk to the ex-Army men and resolve the issue. .  Maj. Gen. Satbir Singh, Chairman of the Indian Ex-Servicemen Movement said that the approved definition as announced by the MoS Defence on 2 December 2014 and as given in the MoD letter subsequently  amended in such a way that may affect “the very soul of OROP”.

---

From: bankpe...@googlegroups.com <bankpe...@googlegroups.com> on behalf of Shrinivas Parkar <sppar...@gmail.com>
Sent: Friday, March 19, 2021 11:15 AM
To: bankpe...@googlegroups.com <bankpe...@googlegroups.com>

Subject: bankpensioner Awake Pensioners Awake

In the year 2013, our Present Beloved Prime Minister Respected Narendra Modiji Sir was Chief Minister of Gujarat and was declared as BJP Candidate for the Post of Prime Minister in the forthcoming General Election of 2014. At that time, Respected  Modiji had visited Army Staff at the Border and declared that he would introduce OROP for Army Staff, if he is elected as Prime Minister. Really in the year 2014, Respected Modiji became Prime Minister of India. But OROP was not introduced. The Army Staff reminded Hon'ble  Prime Minister Respected Modiji of his assurance. In 'Man Ki Bat', Respected Modiji stated that he was not aware of the complicated nature of OROP, when he had given the assurance. This excuse was acceptable since a Chief Minister of one state cannot be expected to know the implications of OROP to Central Army Staff. However,  Subsequently, Hon'ble Prime Minister had to follow his words and OROP was implemented for Army Staff.  But, when Respected  Nirmalaji Madam Publicly declared that she is committed to give Pension Updation to Bank Retirees, she was Finance Minister of India. Finance Minister of India is supposed to know the present as well as expected Financial Position and Capacity of Banks. If Hon'ble Finance Minister Respected  Nirmalaji Madam now says that she was not aware of the financial position of Banks, wrong message about knowledge and capacity of Finance Minister of Present Government, may be spread. The image of entire present Government may be spoiled. I confidently trust that our Beloved Hon'ble Prime Minister may not allow this to happen.

--

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[Shrinivas Parkar]

Dear Mr. Venkatswaralu Sir. you have perfectly said about the notorious trio namely  UFBU/ AIBEA, IBA & DFS. However, you have not talked about Hon'ble Finance Minister, who is competent to supersede all the above entities. Hon'ble Finance Minister has given us hope. We have to try hard to translate the words of Hon'ble  Finance Minister into reality. If this only and last hope does not materialise, despite our hard work, then we have to forget Pension Updation and live happily, as suggested by you. 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKfTLUn-Dv-Bcx6Ki3u_UmVFQS8efgKmBfjPVcuX6-YzRt%2BJrg%40mail.gmail.com.

[Ramarao Velagapudi]

This, sir, is the reality

On Wed, Mar 17, 2021 at 3:41 PM Shrinivas Parkar <sppar...@gmail.com> wrote:

--

[Ramarao Velagapudi]

Parker ji,

What can we, the pensioners do? We are not even part of the employee unions with a seat at the negotiating table.

It's actually legally incorrect to fix pension without consulting pensioners. Has this NOT been realised by our advocates?

On Wed, Mar 17, 2021 at 11:36 AM Shrinivas Parkar <sppar...@gmail.com> wrote:

Even after 6 months, IBA Chairman has not forwarded Pension Updation Proposal to Finance Ministry, for Approval, despite instruction of Hon'ble Finance Minister Respected Nirmalaji Madam. Does IBA Chairman thinks himself more Intelligent than his Boss, i.e. Hon'ble Finance Minister of India? Respected Nirmalaji Madam is Finance Minister of India, having responsibility of entire Indian Economy. IBA Chairman is Chairman of only One PSU Bank. It is the Finance  Ministry that has appointed the Union Bank Chairman to implement Policies of the Government. It is the Government of India that takes care of Banking Sector. For example, in 2018, when PSU Banks could not cope up with NPA Problem, it is the Finance Ministry that poured Rs.2,40,000 Crores in PSU Banks. The Finance Ministry has assisted other Private Sector Banks also. Respected Nirmalaji Madam is Finance Minister of entire India for a long time. She is highly qualified and intelligent. Respected Nirmalaji Madam is fully aware of the financial capacity of Banks in India to bear Pension Updation Cost. Respected IBA Chairman is requested not to try to supersede Hon'ble Finance Minister of India. Otherwise we may not have option, but to approach Hon'ble Home Minister Respected Amitji Shah, who is in charge of CBI, ED, NIA etc. Respected Amitji is very dedicated Minister. Respected IBA Chairman is humbly requested not to compel us. 

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[Shrinivas Parkar]

Somewhere in the year 1998 to 2000, Respected Shri Kathuria Sir was Chairman of Bank of India. At the time of his Retirement, Respected Shri Kathuria Sir pronounced that he was having such Confidence in capacity of Bank of India that he will be investing his entire Terminal Dues in Shares of Bank of India. Similar Confidence is expected to be shown by IBA Chairman while forwarding Pension Updation Proposal to DFS. Respected IBA Chairman is expected to recommend Pension Updation Proposal with simple remark about his confidence in capacity of PSU Banks to bear burden of Pension Updation. With this, he can recommend Pension Updation Proposal to DFS giving reason that Bank Pension Scheme being based on RBI Pension Scheme, it is necessary to consider Pension Updation Scheme for PSU Banks also. If at all, unfortunately, the Confidence of Respected IBA Chairman fails, ( which possibility is rare), Hon'ble Finance Minister may definitely help PSU Banks to cope up the problem. In the year 2018, when PSU Banks could not cope up with Financial Crisis arisen due to NPA Problem created by Dishonest Borrowers, it was Finance Ministry that poured Rs.2,40,000/- Crores in PSU Banks. Instruction to implement Pension Updation for Bank Pensioners is come from Hon'ble Finance Minister Respected Nirmalaji Madam only, so any financial crisis, if at all, is faced by the Banks, Hon'ble Finance Minister may definitely take care of the same. Respected IBA Chairman need not worry much. 

[Shrinivas Parkar]

Privatisation of PSU Bank is a big threat especially to Retirees of that Bank. After Privatisation, the Bank may stop:-

1. Additional 1% interest to Ex-Staff.

2. Medical Scheme

3. Holiday Home Facility 

4. Waiver of charges on certain services. 

5. Etc etc

It is learnt that in the year 2018, one PSU Bank invested Pension Funds in Non-convertible Bonds of its NPA Borrower and recovered NPA. Similar or bigger exercise may be done by a Private Bank. Private Bank may stop Pension or at least DA thereon by giving some bogus excuse and ask Retirees to go to Court upto Supreme Court level. When  PSU Banks have refused legitimate Rights of Retirees such as 5 years service, 1616-1684 DA, etc and compelled Retirees to fight upto Supreme Court for 15-20 years, a Private Sector Bank may be more cruel than PSU Banks for Retired Staff. By the time Court Verdict come after 15-20 years, almost all Retirees would have left this world. Does our Beloved Hon'ble Pradhan Sevak wants to throw us before Wolfs?

[KUNAL SINGH KHARAYAT]

Privatisation is in national interest.

 

Sent from Mail for Windows 10

 

From: Shrinivas Parkar
Sent: 25 March 2021 16:07
To: bankpe...@googlegroups.com
Subject: bankpensioner Awake Pensioners Awake

 

Privatisation of PSU Bank is a big threat especially to Retirees of that Bank. After Privatisation, the Bank may stop:-

--

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[Shrinivas Parkar]

Shri Prasad Sir informs that IBA, Bank Executives, UFBU Leaders, Retirees  Association concur and agree that Pension need to be improved. Still there is delay. Shri Prasad Sir has explained the reason for this delay that Posts, writings of Retirees against the above God like Persons, are responsible for this Delay. I appeal to all Members to keep Photos of IBA Chairman, UFBU Tallest Leader, Bank Executives in our House Temple and daily worship the same, for one month. Videos of our worship of these God like Persons may be posted in this Blog and also mailed to the above God Like Persons. Any of our Member is Poet, then he may compose Chalisa, like Hanuman Chalisa, of these God Like  Persons. Then see the Miracle. Within one month, we will hear good news that our Pension is upgraded.

The excuse given by Bank Executives for Delay is a false Excuse and their Sympathy is Crocodile Tears. Our only friend, at present, is Hon'ble Finance Minister Respected Nirmalaji Madam, who came in our support, without bothering for Praise or Blame. If Hon'ble Finance Minister uses Whip, then and then only Pension Updation as per RBI Formula is possible. Otherwise the above Authorities may give Peanuts in the name of Pension IMPROVEMENT (word used by Shri Prasad Sir), but not Pension UPDATION as per RBI Formula.

On Sun, 28 Mar 2021, 11:02 Prasad C N, <cn_pr...@yahoo.com> wrote:

Dear Shri.Parkar,

Best support members of this group can offer is stop writing non-sense.  Most of our time is being spent on undoing the damage caused by the correspondence, views and actions of bank retirees.  Many of them do not even have the minimum understanding of the situation, why there is delay in pension improvement, why our pension is not updated, etc.  No one is bothered to know also.  We only know to accuse everyone, but for themselves.  Writing non-sense in this group does not help in pension improvement.

Including Finance Minister, IBA, Bank Executives, UFBU leaders, leaders of Retirees Associations, etc., every one of them concur and agree that Bank pension needs to be improved.  Still, it is not happening.  Why ?

Do you expect the support of Bank executives in our pension improvement, when we accuse them of embezzlement.  Can they embezzle ?  If there is delay in pension improvement, views, writings, postings of bank pensioners, many of them are non-sensical are responsible.   Will you help someone who accuses you of everything ?  By offering/writing such views, writings, postings, day in and day out, we are adding enemies, not friends.  Whom we have left out ?  Please rewind, recollect and remember your past.  What we did, how we thought, what was our opinion, etc.

Many Executives, leaders have expressed their displeasure on this count, when we had interactions. 

I am posting messages, with courage and conviction.  Not promoting myself or expecting any financial assistance.  There is no need for me to call names of everyone else to become a hero.   I do not suffer from identity crises.  Only intention is to provide other views.  Please remember medicine is bitter and sugar is sweet. 

My words may be harsh.  But, pardon me, if it is.

Thanks, a Million. 

With regards,

Prasad C N

On Sunday, 28 March, 2021, 10:00:49 am IST, Shrinivas Parkar <sppar...@gmail.com> wrote:

Many Members, including me, have high Regards for Respected Shri Prasad Sir for his Knowledge and Dedication for the cause of Bank Retirees. I, most humbly, request Respected Shri Prasad Sir not to waste his valuable time in Unfruitful Controversies. Instead Respected Shri Prasad Sir may take some action for translating talks of Hon'ble Finance Minister Respected Nirmalaji Madam into Reality. We are ready to give whatever Financial or other Support required by Respected Shri Prasad Sir, for this purpose, immediately after hearing from him. If Respected Shri Prasad Sir has already initiated any action in this direction, we would be glad to hear the Developments.

On Sat, 27 Mar 2021, 10:46 'Debasish Mukherjee' via bankpensioner, <bankpe...@googlegroups.com> wrote:

Mr.Prasad, I didn't say anything different except that I was not aware of that the employees of SBI Associate Banks were also covered under same PSU Banks pension scheme not as per SBI pension the third retirement benefit. Second option of pension was offered in 2010 only to those employees who were in service as on 29th july 1995 for PSU Banks and 26th March 1996 for SBI Associate Banks and retired thereafter but before 27.4.2010. In the settlement dt.27.4.2010 also clearly stated the employees thus opted pension under second option have to refund to the Banks share of CPF they received at the time of retirement along with interest thereon. In addition optees under second pension option also had to share and pay to the Banks 30% of funding gap of app.Rs.850crores. Hence, after collecting funds in the Pension corpus from the employees and retirees in case under second option retirees can legitimately claim pension corpus of the Banks was built by the employees. Pls.also note that those opted pension in 1995 apart from surrendering their balace in CPF as on 29.6.1995 they had also to surrender their all future share of CPF after 29.6.1995 till their retirement. Actually Banks pension is a contributory pension scheme we can say. Funding has been made by both the parties not by Banks alone. Banks have not made any charity or favour to the pension optees. After collecting a robust pension contributions from the employees the Banks should have generated handsome surplus by deploying the fund prudently in high yielding investments avoiding speculative investments as stipulated in the original agreement. But if returns did not yield as per expectetion from this fund because of speculative investments and value erosion had taken place or any misapropriation had taken place entire responsibility will be on the Banks authorities and Finance Ministry. Employees or retirees are no way responsible. Banks are bound to meet its obligations to the retirees in meeting due updation. I request you to pls.go through Rajya Sabha M.P. Mr.L.Hanumanthya's letter dt.25th March,2021 to the F.M. Smt.Sitharaman wherein Hon'ble M.P. has also urged upon the F.M. to immediately instruct the IBA to implement pension updation in view of robust pension fund of about Rs.3 lacs crores returns from which can easily meet the cost of updation and revision of family pension. It is now certain there have been embazzlement of pension fund with the consent of the Finance ministry and the UFBU leaders and for some confidential understanding the UFBU/AIBEA remain mum and did not raise any objection on this illegal diversion. This also clear from the statement of AIBEA G.S. Mr.Venkatachalam who being as if a spokesperson of the IBA & Finance ministry stated because of adverse 

fund position of the Banks updation will be made in a phased manner starting from the retirement upto 1998, in the second phase retirement upto 31.10.2002 and in third phase rest upto 31.10.2012. The same have been echoed by the Chairman of IBA. But after past several years bitter experience on several issues retirees cannot and should not believe the IBA nor even to the UFBU who only duped the retirees in every matter.

Debasish Mukherjee.

Sent from RediffmailNG on Android




From: "'Prasad C N' via bankpensioner" <bankpe...@googlegroups.com>
Sent: Fri, 26 Mar 2021 15:56:36 GMT+0530
To: "bankpe...@googlegroups.com" <bankpe...@googlegroups.com>
Subject: Re: bankpensioner PSU BANKS PENSION FUND WAS BUILT BY THE EMPLOYEES & RETIREES DURING THEIR SERVICE TENURES SURRENDERING THEIR SHARES IN CPF. HENCE FINANCE MINISTER'S STATEMENT PENSION FUND IS A FUNDED SCHEME BY THE BANKS IS NOT TRUE.

Dear Sir,

Erstwhile Associate Banks of State Bank of India are also covered under Pension Settlement dated 29.10.1993.  I am attaching a copy of the Settlement dated 27.4.2010, where it is provided explicitly.

Thanks, a Million. 

With regards,

Prasad C N

On Friday, 26 March, 2021, 10:01:52 am IST, Chandrasekaran V <vchandras...@gmail.com> wrote:

Issues are -

(1) OTHER THAN SBI (and Associate Banks), Pension Corpus in other public sector banks came from the 'contribution' of employees, either by way of transfer OR the employer contributing IN LIEU OF Employers' Contribution to CPF

(2) OTHER THAN SBI (AND Associate Banks), employees of other public sector banks are NOT ENTITLED TO Pension as Third Benefit, but only as a SECOND BENEFIT.

(3) Behind the demand of 'other Public Sector Bank employees', the SBI/Associate Bank employees/pensioners ARE ALSO DEMANDING 'updation' of pension AND HENCE THE CONFUSION CREATED IN THE MINDS OF THE FINANCE MINISTRY OFFICIALS by the Union leaders and IBA for reasons unknown.

On Thu, Mar 25, 2021 at 4:07 PM Anantharaman Tg <tganant...@gmail.com> wrote:

Is not the similar layers, I mean , in our issues also ,

delays the settlement? Particularly when those affected

are senior/super senior citizens.

The Department should, if not suo moto, at least on the

basis of Minister's positive attitude and the numerous 

appeals by the pensioners, extend the benefit earlier

extended to RBI, NABARD etc.

So many had been deprived of their benefits because of

delays from all sides. The one relating to Family Pension

is a typical one!

 

On Thu, 25 Mar 2021 at 09:46, JSOMA SHEKARA <jsomase...@gmail.com> wrote:

Cut approval layers for faster privatisat ..

Read more at:
http://timesofindia.indiatimes.com/articleshow/81661564.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

On Wed, Mar 24, 2021 at 3:44 PM Ramarao Velagapudi <ramvela...@gmail.com> wrote:

absolutely right in respect of all PSBs, except SBI

On Wed, Mar 24, 2021 at 9:29 AM 'Debasish Mukherjee' via bankpensioner <bankpe...@googlegroups.com> wrote:

Sent from RediffmailNG on Android




From: "psubpf" <psu...@rediffmail.com>
Sent: Tue, 23 Mar 2021 14:29:18 GMT+0530
To: "Nsitharaman" <nsith...@gmail.com>
Subject: PSU BANKS PENSION FUND WAS BUILT BY THE EMPLOYEES & RETIREES DURING THEIR SERVICE TENURES SURRENDERING THEIR SHARES IN CPF. HENCE FINANCE MINISTER'S STATEMENT PENSION FUND IS A FUNDED SCHEME BY THE BANKS IS NOT TRUE.

                                   PSU  BANKS  PENSIONERS  FORUM
                                            (Regd.Under T.U. Act)
                   616,Mahamayatala Road, Basundhara C-102,Kolkata-700084.
                           Mob.No.93307235...@rediffmail.com 

By E.mail & Speed post.                                                                                  23.3.2021.

For Kind Attn.Smt.Nirmala Sitharaman.

To,
Smt.Nirmala Sitharaman,
Hon'ble Minister of Finance,
Govt.of India.

Respected Finance Minister, 
                    RE: PSU BANKS RETIREES PENSION UPDATION-- PENSION FUND OF 
                           THE PSU BANKS WAS ACTUALLY BUILT BY THE RETIREES DURING
                           THEIR SERVICE TENURES AFTER SURRENDERING THEIR SHARES
                           IN CONTRIBUTORY PROFIDENT FUND GIVING AN AUTHORISATION IN
                           WRITING TO THE BANK AUTHORITIES TO TRANSFER TO PENSION 
                           FUND.
                           ----------------------------------------------------------------------------------------------------
    
                       Hon'ble Finance Minister kindly be informed that the PSU Banks Pension fund was actually built by the employees & retirees during their service tenures surrendering their shares in Contributory Provident Fund A/Cs giving the Banks authorisation in writing to transfer their share in CPF to Pension Fund and this is well known to the Indian Banks Association who had advised the Banks to obtain above stated written documents from the employees opting for Pension scheme in lieu of contributory provident fund in 1995. Unlike in State Bank of India and its Associate Banks where pension scheme was in force as third retirement benefit much before 1995 and as such the employees of SBI & Associate Banks need not had to surrender their shares of CPF as had to surrender by the PSU Banks pension optees when pension scheme was introduced in 1995.
                      Hon'ble Minister, under above stated fact you will kindly agree that in spite of contributing to built the Pension fund which fund should have accumulated balance around Rs.3 lacs crores by now, retirees of the PSU Banks remain deprived from their legitimate updation of pension for more than 25 years. This is a gross injustice towards the PSU Banks retirees and in spite of your assurances and after passing of five months nothing has been done in the matter of updation of pension and the retirees have become extreme impatient particularly most affected retirees of pre 2002 who receive meagre amount of pension and have been discriminated and denied from 100% D.A. nutralisation benefit.
                      Even after contributing to build the Pension fund and remaining deprived from legitimate  pension updation when the retirees come across UNTRUE statements from the IBA, and even from Finance Minister either scarcity of Banks fund to meet the cost of updation or the Banks Pension scheme is a funded scheme by the Banks the retirees get upset and demoralised  with suspicion to believe that a conspiracy has been planned to dupe the retirees and deny their legitimate pension updation. Further, another news of EMBAZZLEMENT OF ROBUST PENSION FUND HAVE BEEN PUBLISHED BY A SECTION OF MEDIAS. IF THE NEWS IS INDEED TRUE THEN WHY THE FINANCE MINISTRY DID NOT INSTITUTE ENQUIRY ON THIS SERIOUS MATTER RAISING AND  STRENGTHENING OF FURTHER SUSPICION ABOUT INVOLVEMENT OF THE BANKS TOP MANAGEMENT WITHOUT CONSENT OF THE FINANCE MINISTRY.
Hon'ble Finance Minister,we the poor and helpless Bank retirees only request your early reply in clear terms if the retirees pension updation will at all take place as you announced in a number of public meetings and if at all takes place by which date the retirees can expect since in today's technology advanced era collection of data and compilation works cannot take more than one month's time particularly when the Banks are equipped with advanced technologies.

Thanking you,
D.Mukherjee,
        &  
M.N.Venkatraman,
 Joint Convenors.
                              
                         
                                           

 

[Shrinivas Parkar]

I think that Units of Retirees Association at Mumbai are passive in the matter of translating words of Hon'ble Finance Minister Respected Nirmalaji Madam into reality. In fact, IBA's Main Office is situated in Mumbai. Retirees Association Units at Mumbai can do many jobs in the above stated matter. However, I have not heard anything in this respect. 

[Anantharaman Tg]

The main problem is that those who can or are expected to

do, are not active, at all levels.

That is the bane of the pensioners. 

Only very few of us are pouring our feelings and again

that is not palatable to others!

On Wed, 31 Mar 2021 at 16:03, Shrinivas Parkar <sppar...@gmail.com> wrote:

I think that Units of Retirees Association at Mumbai are passive in the matter of translating words of Hon'ble Finance Minister Respected Nirmalaji Madam into reality. In fact, IBA's Main Office is situated in Mumbai. Retirees Association Units at Mumbai can do many jobs in the above stated matter. However, I have not heard anything in this respect. 

--

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[Shrinivas Parkar]

On 31st March 2021, Hon'ble Finance Minister declared Decision of reducing Interest Rates on PPF, Senior Citizens Savings Scheme etc, mostly affecting Senior Citizens. This Decision was massly criticised through Social Media. Within one day i.e. on 1st April 2021, Hon'ble Finance Minister had to restore the Interest Rates. This is a Power of Social Media. I appeal to Members, who are expert in Social Media, to spread our Grievances through Social Media. 

[Nagaraju Kakani]

Sairam,When our own colleagues of 4 lakh retirees are not coming boldly and openly in the social media to support their our grievances and our bank friends of 10 lakhs serving employees not showing a single gesture of support to our cause,can we expect to create a hype of of support through the social media.

It is a sorry state of affair for the retirees looking at the moon and wishing to land on it or just to capture it.

No body will support our cause in Indian except few of our retirees in the group and few executives, politicians,and judiciary.

Let us see the incoming Chief Justice of India who is for the poor and social justice and a staunch devotee of Sri Sathya Sai Baba will react to our cause.

We have to impress with our own method of developing contacts with all those who are supporting our cause by sending greetings,birthday wishes,and a  gentle reminder about our problems with new developments and material to take up at appropriate level.

Even with the Bar associations also we can develop contacts to support our cause.

Let us enlist support with all the central and state level pensioners associations seeking their support with request to send their suuport  to our cause to their pension paying Govt in turn it will reach the DFS and FM.

We can enlist the support of Lead Bank Managers in this respect as they have good contacts with the state Govt officials,RBI and NABARD executives.

It needs lot of energy ,financially and manually to do the things.Better we form a small committee with like minded people to seek mass support and plan meticulously to execute without blaming XYZ with a positive approach to our cause and problems.

Can't we spend some thing for an appeal in the papers all over India daily in one paper presenting our problems and request to the Finance Minister.

Let us do it.I will support.

With regards,

Nagaraju Kakani

Nallagandla, Hyderabad

500019

9177538847

rajag...@yahoo.com

On Fri, 2 Apr 2021, 10:12 Shrinivas Parkar, <sppar...@gmail.com> wrote:

On 31st March 2021, Hon'ble Finance Minister declared Decision of reducing Interest Rates on PPF, Senior Citizens Savings Scheme etc, mostly affecting Senior Citizens. This Decision was massly criticised through Social Media. Within one day i.e. on 1st April 2021, Hon'ble Finance Minister had to restore the Interest Rates. This is a Power of Social Media. I appeal to Members, who are expert in Social Media, to spread our Grievances through Social Media. 

--

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[Shrinivas Parkar]

Two days back on 31st March 2021, Finance Ministry poured Rs.15,000 Crores Capital in 4 PSU Banks. During last 4 years, Finance Ministry poured nearly 4,00,000 Crores in PSU Banks to cope up with NPA Problem created by Dishonest Borrowers. When Public Sector IDBI Bank came into problem due to fraud by Kingfisher, Finance Ministry asked State Owned LIC to contribute 50% Capital in IDBI Bank. When Private Sector Global Trust Bank lost Trust due to reckless loan policy, Finance Ministry asked Public Sector Oriental Bank to take over that Bank. Recently when Private Sector Yes Bank came into problem due to some frauds by Management, Finance Ministry asked State owned SBI to infuse Capital in Yes Bank. IBA did nothing in all the above cases. It was Finance Ministry that came to rescue of the Banks and Banking Sector. So Respected IBA Chairman need not worry much whether the Banks are capable of bearing  cost of Pension Updation of Honest Bank Retirees. Hon'ble Finance Minister Respected Nirmalaji Madam is highly qualified and intelligent. She is fully aware of the capacity of Banking Sector. Respected IBA Chairman has to forward the Updation Proposal to Finance Ministry. It is the Hon'ble Finance Minister who will decide whether the Pension Updation to be granted or not. Under such circumstances, delay from Respected IBA Chairman to forward the Updation Proposal to Finance Ministry is not justified. 

[LakshmanRao Kantamsetti]

No. 

Stinivas ji

Govt does not bother for public opinion. 

Reducing rates will have adverse effect on elections , which point was ignored earlier, later they realised and rectified. 

On Fri, Apr 2, 2021, 10:12 Shrinivas Parkar <sppar...@gmail.com> wrote:

On 31st March 2021, Hon'ble Finance Minister declared Decision of reducing Interest Rates on PPF, Senior Citizens Savings Scheme etc, mostly affecting Senior Citizens. This Decision was massly criticised through Social Media. Within one day i.e. on 1st April 2021, Hon'ble Finance Minister had to restore the Interest Rates. This is a Power of Social Media. I appeal to Members, who are expert in Social Media, to spread our Grievances through Social Media. 

--

[Nagaraju Kakani]

Sairam  Sri Srinivas,  What you expect from all of us to do,  so that we can follow if it is going to help our cause of 100% DA Neutralisation with arrears and Pension Updation as did for RBI and NABARD.

So let us now start something concrete as the time is running out. 

May Bhagawan bless you all and all of us. 

With regards, 

Nagaraju Kakani 

Nallagandla, Hyderabad 

BOI 2000 SVRS / 2009 Pensioner. 

On Fri, Apr 2, 2021, 15:16 Shrinivas Parkar <sppar...@gmail.com> wrote:

Two days back on 31st March 2021, Finance Ministry poured Rs.15,000 Crores Capital in 4 PSU Banks. During last 4 years, Finance Ministry poured nearly 4,00,000 Crores in PSU Banks to cope up with NPA Problem created by Dishonest Borrowers. When Public Sector IDBI Bank came into problem due to fraud by Kingfisher, Finance Ministry asked State Owned LIC to contribute 50% Capital in IDBI Bank. When Private Sector Global Trust Bank lost Trust due to reckless loan policy, Finance Ministry asked Public Sector Oriental Bank to take over that Bank. Recently when Private Sector Yes Bank came into problem due to some frauds by Management, Finance Ministry asked State owned SBI to infuse Capital in Yes Bank. IBA did nothing in all the above cases. It was Finance Ministry that came to rescue of the Banks and Banking Sector. So Respected IBA Chairman need not worry much whether the Banks are capable of bearing  cost of Pension Updation of Honest Bank Retirees. Hon'ble Finance Minister Respected Nirmalaji Madam is highly qualified and intelligent. She is fully aware of the capacity of Banking Sector. Respected IBA Chairman has to forward the Updation Proposal to Finance Ministry. It is the Hon'ble Finance Minister who will decide whether the Pension Updation to be granted or not. Under such circumstances, delay from Respected IBA Chairman to forward the Updation Proposal to Finance Ministry is not justified. 

--

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[Shrinivas Parkar]

Thanks Shri Nagaraju Sir. The Present Situation, as observed by me, is as follows. IBA is not forwarding Updation Proposal to Finance  Ministry despite instruction of Hon'ble  Finance Minister to SBI Chairman and IBA Chairman. Hon'ble Finance Minister Respected Nirmalaji Madam has already shown her willingness to consider Pension Updation for Bank Retirees.

One of my Friend is a Leader of Retirees Association at Mumbai. I requested him to take up the above matter with IBA. He asked me to take whatever Pension I am receiving and keep quiet. I request Members to pressurise other Leaders of Retirees Association to aggressively, repeat aggressively, take up the matter with IBA. If our Leaders are unable to be aggressive, we can take assistance of Local Political Leaders at Mumbai. Choice is between (1) Respected Shri Arvind Ganpat Sawant, Shivsena MP, who is right hand of Maharashtra Chief Minister and is Chief of Bhartiya Kamgar Sena. Shri  Arvindji has been instrumental in getting Pension Option for MTNL Staff in Mumbai. (2) Respected Shri Kirit Somaiya, BJP's Dynamic Leader (3) Respected Shri Raj Thakare, an Aggressive Chief of MNS. Few years back, new recruits of Jet Airways were suddenly removed from the service. These Employees approached Respected Shri Raj Thakare. On TV, Respected Raj Thakare threatened to Jet Airways that he will not allow a single plane of Jet Airways to fly from Mumbai. Within 2 hours, Chairman of Jet Airways appeared on TV and announced to take back the Retrenched Staff, immediately. Our Retirees Association has to take assistance of any of the above to represent us aggressively with IBA, so that IBA forward the Updation Proposal to Finance Ministry. For this, we have to pressurise our Leaders. 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKxG0JWU%3DXtdRKM_gsFe7AcD6H_%2Bx_Nah_c5NBm_p8C5gM1KFQ%40mail.gmail.com.

[Shrinivas Parkar]

Now March 2021 year ending is over. IBA Chairman may now get some time to process the Pension Updation Proposal. 

[JSOMA SHEKARA]

It is futile to search for solution out side banking industry as key for updation is with IBA and BPS and they have locked it and refuse to open.

Finance Ministry has given powers to UFBU and IBA to discuss retirees issues and send recommendation to DFS for approval. In case of Family pension  DFS has recognized agreement between IBA and UFBU and said it is under consideration of  govt. If IBA and UFBU agree and send proposal for updation  govt will consider it. But UFBU and IBA have been  blocking it for last 20 years.

Role of IBA and UFBU in updation is discussing issue arrive at an agreement and send proposal to DFS for approval. Neither IBA nor UFBU is decision making authorities. Final decision depends rests with govt.

IBA

IBA inspite of repeating same sentence cost is high one thousand times, never disclosed actual  cost data of updation,which is necessary for meaningful discussion of updation thereby killing issue without discussion.

UFBU

As recognized trade union UFBU leaders have wide powers to demand cost data from IBA and insist IBA to convene special meeting to discuss updation issue.

1. UFBU constituents themselves have no clarity or consensus on updation which proves they are not interested in the issue.

2. UFBU could have discussed and not suceeded is total lie and mischievous propganda spread by UFBU to sideline issue.

IF IBA is not cooperating UFBU has lot of other options to pursue updation issue.

1. They can take  joint delegation  of officers and workmen representatives  to FM , discuss issue and submit representation and then follow up matter.

2. Call for one or two days strike.

3. Insist that updation should be finalized before conclusion of BPS.

4. Refusing to take part in BPS if updation issue is not on agenda.

5. Approach judiciary if all above efforts fails.

But unfortunately reality is UFBU has not taken any of these steps to achieve updation.  

They have taken up issue of farmers and also took up issue with DFS when Central govt employees DA was put on hold for few months, though neither farmers nor central govt employees were paying subscription to unions.

But reason given for not taking up their own pensioners issue is they are not paying subscription.

Unless UFBU shed their ego, hypocrisy  and take up updation issue  seriously IBA will not send proposal and Updation issue will be  kept in abeyance for ever.                             

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKiUu2Vp4DioG91hTO8R_%2BhNy4K87B7X9SppC6Ny1j9u6fadpw%40mail.gmail.com.

[JSOMA SHEKARA]

 WP NO. 48905/2018 FILED IN KARNATAKA HIGH COURT FOR UPDATION  BY CANARA BANK RETIREES OFFICERS ASSOCIATION

 WAS DISMISSED ON 26.03.2021

However judgment copy is yet to be uploaded. So reasons for Dismissal not known.

***********

[JSOMA SHEKARA]

WP 48905/2018 FILED AT KARNATAKA HIGH COURT BENGALURU BENCH DISMISSED ON 26.03.2021

We could not understand mystery behind this case

This case was filed by E.Sampath Raj an officer bearer of Canara Bank Retired Officers Association against

The Secretary Ministry of Finance Union of India

Indian Banks Association

Managing Director Canara Bank

Union of India and IBA did not attend the case.

Case registered during 2018

1.  19.03.2019                           One week time is granted to comply with    

                                                  office objections.

2.   11.11.2020                          Respondent number 3 seeks 10 days time for filing   

                                                  objections. List the matter on 02.12.2020.

3.   02.12.2020                         

Learned counsel appearing for the petitioner submits that he would not press the application i.e., filed seeking for an injunction against, negotiating unions to enter into a settlement with the Bank with regard to pension and also submits that he would make his submission in the main petition itself. Placing the said submission on record, the interlocutory application filed is dismissed as not pressed.

Learned counsel for the respondent-Bank seeks a week’s time to file the statement of objections, yet again.

Finally, a week’s time is granted to file the statement of objections. List the matter on 18.12.2020.

******************

😡 When case filed by its vice president is pending and CB advocate seeking time again and again to file counter Canara Bank Retired officers Association met Canara Bank MD during Dec 2020 and presented memorandum for updation.

They have also requested financial help for retirees. MD was positive and on the spot advised GM and DGM to credit RS.3000 to all retirees accounts before 31 Dec 2020. However this was not done and Canara Bank announced a regular medical reimbursement scheme of Rs,3000.

A REPORT BY PETIONER E. SAMPATHRAJ

 

The writ petition was listed and heard for the interim petition and final disposal on 11.11.20 and after hearing our CE bank Advocate and our bank Advocate had not filed the counter and Honble judge of Karnataka High court adjourned

 

to file counter and posted for hearing on today 2.12.20.

 

Today the case came for hearing in the morning

 

1) Our Advocates Mr Manohar and Mr Varun argued our case for final disposal for more than one hour.

 

2) Our bank Advocate came personally for arguments but failed to file the counter again today and simply informed the  the court regarding funds position  in relation   to considering updation

 ********************************

3) Our Advocates objected and also pleaded for disposal since already time has given for counter

 

4) After hearing the arguments the Honble judge has posted for FINAL DISPOSAL ON 18th December 2020 and direct counter reply to our lawyers two days before 18th Dec 2020 and to High court accordingly

 

We hope that we will be getting justice to SUFFERINGS of thousands of pensioners on that day

   $$$$$$$$$$$$$$$$$$$$$$$$$         

 

23.12.2020

Due to festival on 25.12.2020 petitioner E.Sampath Raj requested court for adjournment and accordingly the case was scheduled on 08.01.2021.

Again it was adjourned to 11.01.21

Again Listed on 13.01.2021.

In the meanwhile petitioner informed the court that due to COVID he is unable to attend the court and will attend court when things become normal.

But suddenly the hearing was held on 26.03.2021 and the case was dismissed.

A satisfactory note is the actual hearing started in this case on 11.11.2020 and within 4 months court completed the process and passed the order.

Since the Dec case is witnessing downward trend and is confusing when case was argued, evidence submitted etc.

 

                                             

[Dorai Krishnamurthy]

Sir

Nothing may happen unless and until Com. CHV thinks to solve the retirees issues. He himself a retiree.

K. Dorai

Sent from my iPad

On Apr 5, 2021, at 9:51 AM, Shrinivas Parkar <sppar...@gmail.com> wrote:



Now March 2021 year ending is over. IBA Chairman may now get some time to process the Pension Updation Proposal. 

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[Parvatam Veera Bhadra Swamy]

Dear shri Somsekhara ji, you have perfectly analysed the present scenario of retirees updation issue and we fully agree with your comments. 

Pvbswamy 

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[JSOMA SHEKARA]

It seems Hon Judge Mr.Nagaprasanna who presided WP45918/2018 case in Karnataka High Court is the same Mr.Prasanna who successfully fought 1616-1684 case of SBM commune.

It was also reported that petition for updation in above case was full of holes as it gave wrong information about Reg.35/1 and availability of Pension funds. It is possible and there is no argument on that aspect.

 Sri. P. Muthanna advocate of petioners was an ex officer in IR Section of Canara Bank. Having experience as Officer in IR section he must be well aware of correct legal status of Reg.35/1 and Pension funds.

It is surprising  having such wide knowledge of pension Regulations as an officer in IR section, how he approved a petition full of holes containing wrong claims about Reg 35/1 and Pension funds leading to dismissal of case.

However once judgment copy is available exact reasons will be known.

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