Re:

[Debasish Mukherjee]

In the original Pension agreement between AIBEA & IBA dt.29.10.1993 there is provision for updation of pension as and when updation is granted to RBI pensioners vide Regulation 12 of the original agreement which I had uploaded in this blog several times (AIBEA, the only union recognised and enjoyed sole bargaining power in the Banking industry that time - UFBU was not formed that time). But this provision was mysteriously removed when the IBA forwarded to the Banks for adopting by the individual Banks Boards and for implementation of Pension scheme in the Banks. I have a copy of original Pension agreement dt.29.10.1993 between the AIBEA & IBA forwarded to me by the present AIBEA President.

Debasish Mukherjee.

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From: dayananda kamath <daya...@gmail.com>
Sent: Fri, 27 May 2022 18:16:14 GMT+0530
To: "Dr.Dhananjaya Bhupathi" <doctordh...@gmail.com>
Subject: Re:

It is not AIBEA it was AIBOA which pioneered the Pension in Banking. AIBOA is the only union which did not signed the settlement agreement as it did not contain the pension provision in earlier settlement. And in next settlement AIBEA also subscribed to the Idea reluctantly. Hence it allowed the high jacking of Pension option by other unions. Which were humiliated by Pension scheme introduction even without their approval. This one upmanship amongst union leaders without considering the benefits of members led to the failure of the Pension Scheme. Updation was there in draft agreement but was missing in final notification as far as I know. As that was the clause we were propagating to convince comrades to opt for pension..The so called educated bank employees could not understand the misguided campaign that the pension scheme is more beneficial to those who are retired and retiring shortly will be beneficial to them when they retire. It is once again proved when 2nd option is given then also those opted even after sharing unethical pension cost received more amount than what they paid.

On Fri, 27 May 2022, 17:49 Dr.Dhananjaya Bhupathi, <doctordh...@gmail.com> wrote:

---------- Forwarded message ---------
From: jagat niwas Shukla <jagat.n...@gmail.com>
Date: Fri, May 27, 2022 at 7:27 AM
Subject:
To: satish arora <skar...@gmail.com>, bank officers
<aibo...@gmail.com>, Siddalingappa A K <sid_...@yahoo.co.uk>, Madan
Ji Upadhyay - UPBEU, Allahabad <madanup...@yahoo.com>, Deep Kr.
Bajpai - VP, UPBEU <absa...@gmail.com>, A.K. Kool - Faizabad
<koolar...@gmail.com>, ab_lal2004 <ab_la...@yahoo.co.in>, Rakesh
Verma - Jt. Secy. UPBEU, Hathras <abrk...@gmail.com>, ALL INDIA BANK
OFFICERS Confederation <aiboc...@gmail.com>, Dr.Dhananjaya Bhupathi
<doctordh...@gmail.com>, <bhagwa...@sansad.nic.in>, K R
BUNKAR <k.r.bun...@gmail.com>, Banwari Lal Maheshwari
<jagdish...@gmail.com>, Lal Chand - Federal Bank
<lalch...@gmail.com>, Pradip Biswas <pradi...@yahoo.co.in>,
federal bank employees union aluva <fbe...@gmail.com>, harish chandra
<harishcha...@gmail.com>, <dbc2...@gmail.com>, Danendra Jain
<dkjai...@gmail.com>, Faujdar Dubey <faujda...@gmail.com>, Dau
Dayal Varshney <varsh...@gmail.com>, <ed....@bankofbaroda.com>,
<tks.el...@sansad.nic.in>, <fbo...@gmail.com>, Kedar Shah -
Farrukhabad <kedar...@gmail.com>, Nagabushana Rao Gurram
<gnbr...@gmail.com>, madan lal Gupta <mlge...@gmail.com>, yadvinder
gupta <sbpa...@yahoo.com>, <gsnob...@gmail.com>, Rana Pratap Singh
- GS, ABEU (U.P.) <ranaps...@gmail.com>, <sa...@iba.org.in>,
harinarayana sarma nandivada <nhns...@aol.com>, Prabhakar Hebbar
<prabs...@gmail.com>, <hasmu...@gmail.com>, Prashant Sharma -
Meerut <ibeum...@gmail.com>, LakshmanRao Kantamsetti
<contac...@gmail.com>, K.N. Kaushik - Lalitpur
<k.n.ka...@gmail.com>, VISHWANATH NAIK Kedoor <kevi...@gmail.com>,
K.K. Tiwari <kktiwa...@rediffmail.com>, lalitajoshi03
<lalita...@gmail.com>, llguptasaurabh <llgupta...@gmail.com>,
Manohar lal Arora <mlaro...@gmail.com>, <leo...@gmail.com>, Thomas
Franco <ngcf...@gmail.com>, Sunil Ojha <soj...@gmail.com>, Y P
Singh - President, AIABECC <yps...@gmail.com>, singh raminder
<raminder...@gmail.com>, <rssha...@gmail.com>,
<tks.e...@sansad.nic.in>, Thani Kachalam <tkac...@gmail.com>,
UPENDRA KUMAR <upendr...@gmail.com>, <saran...@gmail.com>,
Vedavyasa Acharya <acharyav...@gmail.com>, YVS Rao
<yellamr...@gmail.com>, <sgupta...@gmail.com>,
<sguru...@gmail.com>, V.K. Singh Canara Bank - Lucknow
<upbeul...@gmail.com>, K.N. Upadhyay - Ballia
<upadhyayk...@gmail.com>, ALL KERALA BANK RETIREES FORUM KERALA
<akbrf...@gmail.com>, Davinder Sodhi <davin...@gmail.com>, Siva
Das <pvsiv...@gmail.com>, dayananda kamath <daya...@gmail.com>,
Gangadhar Salimath <gsg.sa...@gmail.com>


*फोरम आफ बैंक पेंशनर एक्टिविस्टस्
Forum of Bank Pensioner Acहोतीivists
PRAYAGRAJ
न त्वहं कामये राज्यं  न स्वर्गं नापुनर्भवम्।
कामये दुःखतप्तानां प्रणिनामार्तिनाशनम्॥
हिमालयं समारभ्य, यावत्  इंदु सरोवरम्।
तं देवनिर्मितं देशं, हिन्दुस्तानं प्रचक्षते।।

                                   important
                            Hindi version later

TO ALL ACTIVISTS:

Bank pension scheme is the most controversial and discussed topic
today, undoubtedly most for wrong reasons. We don't think the banking
fraternity has ever examined any settlement as deeply as they are
examining pension policy. One reason for this is that it has never
been updated since its implementation from 1.1.1986. We know, if this
updating is done, then people will not take long to consider it a
blessing. In this article, we have tried to understand various aspects
as they were/are. If feaders found useful, take a print out from the
cyber-cafe and keep it with your pensionary papers.

(J. N. SHUKLA)
27.05.2022
9559748834

●●●●●●●


PENSION BACKGROUND IN BRIEF:

The Reserve Bank of India was established on April 1, 1935. It is the
Central Bank of our Country. It is wholly owned by the Government of
India. There was no pension policy for the employees/officers here. On
July 1, 1955, the Government of India acquired the Imperial Bank of
India and established the State Bank of India. Since the Imperial Bank
had a pension policy, this policy continued after the formation of the
State Bank of India. There was also a provision in the name of pension
in Allahabad Bank, but it was very weak, so after the formation of
Pension Regulations, 1995, people left the old pension and opted for
the new pension. State Bank's pension remained with CPF benefit. There
is pension and also CPF in SBI. This is the unique position of State
Bank, which despite all the hindrances not only retained it, but also
augmented it from time to time. This is a unique position that the
Reserve Bank personnel could not achieve.

The demand for pension arose in the Reserve Bank around 1985 and it
gradually turned into a movement. Regarding other banks, A.I.B.E.A.
also raised this demand and here also it turned into a movement. There
were many more unions here. There was also a union of State Bank,
where pension was already there. Here the situation was not as clear
as in the Reserve Bank. So the biggest hurdle regarding pension was to
get it as the third benefit. All the opposing unions were unanimous on
this point. State Bank feared that if the pension came in lieu of CPF,
it might lose the CPF. In such a situation, its entire thrust was to
get the pension as the third benefit, which was impossible. By 1990,
this issue was agreed upon in the Reserve Bank. Pension fixed as
second benefit. The people were given the option to continue with the
CPF or leave it and opt for the pension. In 1992, a policy like
Reserve Bank was also made in NABARD. Now A.I.B.E.A. way was clear to
take a decision and follow the path of the Reserve Bank. Other unions
especially NCBE those who had some influence in other banks other than
the State Bank and certain independent unions of some banks came out
against it, calling the pension policy completely unprofitable.
Various calculations were circulated. Posters were put up against the
AIBEA leaders calling them corrupt, character assassination was done.
Regardless of all this, A.I.B.E.A. entered into a stand-alone
agreement with IBA on 29.10.1993 thus paving the way for Pension
Regulations, 1995. Later all the unions endorsed it. BEFI was the last
organization which signed the pension policy due to IBA's precondition
that IBA made to allow it's participation in  negotiations as UFBU
constituent.


FACTUAL DETAILS:


1. BEPR,1995 Subordinate legislation:

The Bank Employees Pension Regulations, 1995, a Subordinate
Legislation created under the powers vested in the Boards of Banks
under the Banking Companies (Acquisition and Transfer of Undertakings)
Act, 1970/80, contains all the terms and conditions of the Agreement
dated 29.10.1993. The Regulations, 1995 is the same as the Reserve
Bank of India Pension Regulations, 1990 is. There is no room for any
kind of confusion about this.


2. Baseless Rumours:

There are all kinds of baseless talk about the absence of pension
'updating' clause in the Pension Regulations, 1995. The basic thing is
that in the Agreement dated 29.10.1993 it is written that all the
terms and conditions including updating will be like Reserve Bank
Pension Regulations. So, when RBI did not have or has any updating
clause in it's Pension Regulations, how would it have happened in case
of other banks? Hence, our Pension Regulations, 1995 did not have/have
updating clause.


3. Neither Removed Nor Dropped:

The entitlement of pension, subject to certain conditions, took place
from 1.1.1986, as it had happened before us in the Reserve Bank,
NABARD also. Some people allege that the updating clause was removed
or dropped from Regulations, in lieu of making the pension effective
from 1.1.1986. When & where was this clause that was removed/ dropped?
The existence or not of any condition was linked to the pension policy
of the Reserve Bank. Cl. 12 clearly states it.


4. Updating For Specific Period:

In Pension Regulations, 1995, pension updating was done for a brief
periods from  1.1.1986 to 31.10.1987 as was done in RBI. The scope of
the concerned Cl.35 in this regard was for the time mentioned as
above. It only establishes that the spirit of updating was embedded in
the Regulations. However, this does not automatically vest updating/
revision right. (See Clause 35 read with appendix-I).


5. BEPR is Independent Regulation:

 The Pension Regulations, 1995, is an independent service Regulations
separate from the wage Settlements. Notable fact is that it was
raised, agitated, discussed & settled through exclusive processes,
totally de-linked from wage revision settlements. In RBI it happened
similar way. In RBI, it has been continued to be separate issue till
now. But, in our case, IBA had very cleverly dragged Pension in wage
revision settlements, immediately after Regulations, 1995 coming in
force, from 7th Settlement itself, obviously for pernicious purposes.

There are independent provisions in the Regulations, 1995 for the
arrangement of its implementation, fundings etc. But, there is no such
provision in the Regulations as to have pension fundings from
sanctioned wage loads, (see Clause 7- a to h). See, how IBA cheated
working Bank employees/ officers with tacit support of Unions to
misappropriate certain amounts from wage loads right from 7th
Settlements.

6. IBA Dragged Pension in BS, a great
    Wrong that Unions allowed it.

IBA cleverly managed to link pension funding to the wage load during
the 7th Wage Agreement negotiations. The unions not only agreed to
this, but also agreed to make two pay scales at 1616/1684 indices, to
prevent/ cut the increase in pension due to wage revision. This is
where a new source of pension funding emerges from wage loads. It was
from here that the 'additional contributions' to Pension Fund started
being adjusted from the sanctioned wage load. There is no such
provision for pension funding from pay load in the Pension
Regulations, 1995 till date ( see Clause 7 ( a to h). The provision of
1616/1684 indices scales was actually the first step of UFBU to
reduce/cut pension. Second, the union's consent on adjustment of a
large amount in the name of pension load from the sanctioned wage load
had an adverse effect on wage revision of employees and officers on
pay role. Pensions decreased and salary increase also decreased. This
double whammy was suffered by retirees and serving people. This
sequence continues from the 7th to the 11th agreement. This has led to
weakening of wage growth, reducing pensions from 50%.


7. Aberration Prevailed 4/98 -4/05,
    Wrong that Unions allowed.

In the 8th Settlement, 1616/1684 was corrected, but from 1.5.2005
onwards, terming it as aberration. This left out the affected retirees
between April 1998 and April 2005. The Oxford Dictionary defines
aberration as "a fact, an action or a way of behaving that is not
typical, and that may be unacceptable."  If it was so, an unwarranted
& unacceptable act, why it was not removed from the day this occurred?
 Thousands of people suffered heavy losses due to this aberration and
had to go to the Supreme Court for justice. The unions neither helped
nor interfered. Even the IBA/Banks created many hurdles in
implementing the Supreme Court's decision, but the unions did not help
such people at any level. This vindictive attitude of unions to their
former members was inhumane and reprehensible, but never caused any
embarrassment to any union or its leader.


8. Second Option at Sellers Terms,
Old Pension Scheme doled out on
Golden plater, Wrong that Unions did:

In the 9th settlement, second option of pension was given at a high
cost. For this the unions first agreed to abondon the old pension
policy agreeing to NPS. Secondly, the IBA unilaterally framed the new
conditions for the second option, ignoring what's existed in the
Pension Regulations, 1995. For example, in the Regulations, 1995,
pension eligibility was given to retirees from 1.1.1986 to before
1.11.1993.  The banks' PF contribution with interest which was
received by the pensioners on retirement, was to be returned with 6%
simple interest and the pension was effected from the next month of
retirement. In the second option it was reversed. For second option,
pensioners had to return the huge amount in lump sum along with the
Bank's PF contribution and interest and they got the pension from
September, 2009 i.e. not from the next month of their retirement. Thus
each optionee had to forfeit the pension for his retired months/years
prior to September, 2009. Apart from this, a lump sum amount for the
second option was also collected from the other optioners who were
still in service, which can be said to be unique in itself. Nothing
like this was charged with the earlier option of pension in 1995. Who
was responsible for this situation? People had turned down the pension
option in 1995, at whose behest? It was their own unions and their own
leaders, who at that time were campaigning to boycott the pension and
calling the pension a sinking policy. UFBU unions are responsible for
this shameful situation and shoddy deal. The old pension was under a
legal agreement, which was handed over to the IBA by the unions
decorated in a gold plate. Getting NPS was a compulsion for IBA and
for Unions to get second option. IBA got its demand for free and
charged a heavy price for the demand of Unions.

9. Pension Cut iteration From backdoor,
    By introduction of Spl Allowance,
    Blunder that Unions perpetrated

In the 10th Settlement we find a backdoor iteration of the 7th
Settlement's pension cut policy. In order to avoid or cause least
increase of pension due to wage increase, Special Allowance was made
by deducting Basic Pay between  7.75% to 11.5%  with effect from
1.11.2012, which was excluded from the pension calculation. It
happened suddenly & surreptitiously. This was the hidden agenda of the
IBA on the hidden consent of some unions. There was an uproar, but
once the agreement is reached, who can reverse it, especially if there
is consent of the big unions. Said, will be fine in the next deal.
People also fell in love. Thought, just like 1616/1684 was removed, in
the same way this Special Allowance will also be merged in the basic
pay in the 11th settlement. But, nothing of the sort happened.


10. Special Allowance Instead merger
       in BP, pegged at 16.4%, more
       pen sion Cut, Unions betray

In the Charter of Demands for the 11th Settlement, a demand was made
to merge the Special Allowances with the Basic Pay. People were
absolutely sure that the Special Allowance would be merged with the
Basic Pay. In the last round of talks, again suddenly &
surreptitiously the talk of Special Allowance merger became a hoax.
The unions clashed over a 20% Special Allowance increase demand, as
the official unions agreed to raise it to 16.40%. Everyone knew, this
adversely affects the pension, but the biggest unions of employees
went barefoot and went on a confrontation on making it 20% Special
Allowance, however it could not materialize. Thus pension reduced from
50% to 41.80% w.e.f. 1.11.2017 by agreeing to 16.4% SA.

11. Resignees Ignored, sheer neglect:

In case of resignation, dismissal, removal or termination of service,
the pension was forfeited under clause 22 of Regulations, 1995.
However, in a specific removal case of a specific bank, the Hon'ble
Supreme Court held the removal wrong. IBA considered the above
decision and advised all banks to pass on the benefit of the judgment
to all such similarly placed cases. Not only removal, but also
dismissal, termination and CRS cases were given thre benefit of the
Supreme Court's decision, as in the eyes of the IBA, the Supreme
Court's decision was with respect to Clause 22. If the decision was
regarding Clause 22, then there are also 'resignees' people in Clause
22 itself, why were they not given same treatment? Look at the
arbitrariness of the IBA, where it has been lenient, giving pension
benefits to all tainted people who were apparently kicked out of banks
for some of their misconduct, but not to a handful of 'resignees'
cases, who might have fesigned the job under certain circumstances
beyond their control.The unions have been a conspicuous silence and
the IBA has been adamant.

12 Discrimination in Compensation,
     It's unlawful & unethical instrument
     of denial of fair compensation.

It's unique feature in an industry, like Banking, where huge
discrimination prevails. Look, DA is a compensation of price rise.
Pre-2002 retirees are not given 100% neutralization of DA similar to
else pensioners and working bankmen. For working DA is increased or
decreased on quarterly average of CPI, but in case of Pensioners it is
done on six monthly basis. It is against the judgement of highest
court of the land that in one establishment/ institution there can't
be different rules for compensation. Pre-2002 Retirees lost 100% DA
case in SCI, because their advocate couldn't appear. Now, IBA, UFBU
hold this plea to their chest. It's sorry state of affairs in Banking
where so-called powerful unions exist.


13-Updating means, recaste

Updating implied meaning is upgrading basic pension at certain period
Basic Pay Scale. Updating means, comprehensive view of all terms and
conditions of Pension Scheme and rejig them up to CCSR level of date.
Updating includes 100% DA compensation to all.


14- 1998 - 2022: Pension Distortions,
       Shameful serial:

The period from 1998 till now was to reduce, dilute, weaken the basic
right of 50% pension through nefarious modus operandis and get another
option of pension at an exorbitant high cost. By putting the demand
for pension revision in the COD, the unions made it a tool to
blackmail the IBA, which proved fruitless. IBA didn't mind. IBA kept
on getting the settlements they wanted. Don't know what the unions got
in lieu of not giving pressure on pension revision! There is no answer
as to how and why the General Secretary of AIBEA in 2013 or the
General Secretary of AIBOC in 2018 announced not to sign the 10th and
11th agreements respectively without pension revision! Both were
rhetoric and befooled bankmen, because when the pension revision was
not done in RBI, there was no question of other banks getting revised.
Both were bluffing. These are exposed when, despite RBI's pension
revision in March, 2019, all unions go into silence, somehow deciding
to come out of the narrow lane by compromising on wages. These are the
 black pages of banking unions who pretend to be trend setters. This
is a living example of cheating, bluffing, hoaxing the pensioners who
are the builders of the unions. Lakhs of bank pensioners are suffering
from financial poverty due to non-revision of pension. Thousands have
died.

15-In End, all is not well:

What to say of pension revision, they did not like two words of
sympathy towards the pensioners. The Finance Minister had known that
the unions were going to slip away by compromising the wages, leaving
the bank pensioners on their plight. Despite the matter being
bilateral, the Finance Minister showed courage, intervened. This
intervention was a slap on the cheeks of the unions, which got the
unions stunned as soon as it happened. Can anyone know from the
unions, what wrong did the Finance Minister do? What was the crime of
the pensioners? How can their contribution be forgotten? How can they
be left on their own terms? How can they be denied their entitlement
to pension revision? How can unions be ruthless to their former
members who created & built unions? How can the leader be the bastard?
Bank pensioners have been waiting for justice for years by hanging
such questions on their chest. (End)

[Kalyanasundaram Subramaniam]

It was not agreement. It was Memorandum of Understanding. 

And hence it does not have any binding legal effect. This is how court has decided. 

S Kalyanasundaram 

[vrsivaram...@yahoo.in]

PENSION is a  deferred wage and we retirees also employees as long as the bank pays pension. There are many judgements in Supreme Court that when ever wages are revised pension should be revised automatically even if  there is no updation clause in our PENSION scheme. Is there any clause about second option of PENSION in our PENSION scheme. The union leader who is participating in negotiations said that PENSION funds are misused to pay VRS optees in 2001.No body is there to question ❓ the bank . Union leaders concentrated only on second option of PENSION but not on updation of PENSION. Many  UNIONS came to existence blaming eachother but now all UNIONS are functioning under one umbrella ☔.

and under one leadership. 

MARCH ON  MARCH ON. ❓❓❓❓❓❓❓❓❓

We are ashamed to say that we are retired 😂😂 from 🏧 BANK

On 27-May-2022 7:23 PM, "Dr.Dhananjaya Bhupathi" <doctordh...@gmail.com> wrote:

yes, 100% true.

[Debasish Mukherjee]

I fully endorse your views that after demise of Tarakeshwar Chakrobarty AIBEA lost its matured trade union activities and the present AIBEA leaders are spineless, corrupt and have connived with the Banks unscrupulous authorities for the leaders personal gains. All the leaders have amassed crores of rupees through unfair means using political platform as AIBEA's CHV used corrupt Congress leader P.C. Why we criticise only the AIBEA, AIBOA & AIBOC? It is also the leaders of two major retiree Associations, AIBRF & CBPRO who also played spoiling games for the retirees issues. I have evidence how Mr.S.C.Jain of AIBRF and Mr.K.V.Acharya of CBPRO duped the retirees on several issues in connivance with the UFBU/AIBEA and IBA. Certainly it is time to teach tough lessons to these unscrupulous elements so that these people are totally eliminated from their activities detrimental to the healthy and productve trade uninism. 

Debasish Mukherjee.

Sent from RediffmailNG on Android

From: "Dr.Dhananjaya Bhupathi" <doctordh...@gmail.com>
Sent: Sat, 28 May 2022 20:35:49 GMT+0530
To: Debasish Mukherjee <mumb...@rediffmail.com>, bainkatesh mishra <bainkates...@gmail.com>, INDRAJIT SANYAL <indrajit...@gmail.com>, Sushil Kumar <Kumars8...@gmail.com>, Manish Pranami <manish...@gmail.com>, mastan vali <mastan...@gmail.com>, mrs...@ymail.com, "n.srinivasan N SRINIVASAN" <nsri...@gmail.com>, pravin biswas <pravin...@gmail.com>, venky iyer <venkyra...@gmail.com>, 1993sou...@gmail.com, aib...@gmail.com, ajayjhi...@gmail.com, allbankin...@gmail.com, anoop...@gmail.com, arnab...@gmail.com, asam...@gmail.com, auravku...@gmail.com, b2sh...@gmail.com, balaji...@yahoo.com, bankpe...@googlegroups.com, daya...@gmail.com, Gk65...@gmail.com, hail...@yahoo.co.in, Kamal Patni <kamal...@gmail.com>, Karwasr...@gmail.com, CHAKRAPANI K IYER <kcpi...@gmail.com>, mohandas bhandary <kmbhand...@gmail.com>, ma...@iba.org.in, mani...@gmail.com, moha...@gmail.com, Nareshk...@gmail.com, nmk...@gmail.com, pkmak...@gmail.com, Prateek...@gmail.com, Ramachandran Menon <ramachan...@gmail.com>, raman...@gmail.com, roy.shy...@gmail.com, Sabyasachi Sanyal <sabyasac...@gmail.com>, RAJENDRA BABU <shyam...@yahoo.co.in>, "S.S. Garg" <shyamga...@gmail.com>, skar...@gmail.com, sks...@gmail.com, Somya...@yahoo.com, Shyam sunder Baral <ssba...@gmail.com>, ush...@gmail.com, vanita...@gmail.com, ved...@gmail.com, Venkat...@gmail.com, vijaybab...@gmail.com, Vinay Kumar Khanna <vkkhan...@gmail.com>, vrsivaram...@yahoo.in, "A.RAMASAMY" <zdkay...@gmail.com>, Acharya CBPRO convenor <acharyave...@gmail.com>, AIBRF <martisf...@gmail.com>, AIBRF <sharb...@rediffmail.com>, AIBRF Niranjan <niranjan....@gmail.com>, ALL INDIA BANK OFFICERS Confederation <aiboc...@gmail.com>, "ALL INDIA BANK PENSIONERS & RETIREES CONFEDERATION" <aib...@gmail.com>, Allamaraju RameshBabu Allamaraju <babu...@gmail.com>, bankhelpline <ca...@bankershelpline.com>, Bhagwa Poosukuri <ddre...@gmail.com>, Bhagwan Pooskuri <bhagwan...@gmail.com>, "C.Gangadhar Yadav" <cgangad...@yahoo.co.in>, "Chhapia, Dena Bank" <hsch...@gmail.com>, Chittor Venkata Appaswamy <appu...@gmail.com>, "CNPrasad, SBM" <cn_pr...@yahoo.com>, COMMUNIST PARTY <c...@cpim.org>, Deshpande <dilip...@gmail.com>, Deubey <faujda...@gmail.com>, "Deval Mishra, WEBANKERS." <Sharewe...@gmail.com>, Girish Chandra Khare <girishc...@gmail.com>, Gunasekharan <ind...@gmail.com>, Hema <hemap...@gmail.com>, Indian Banks Association <c...@iba.org.in>, Indian Banks Assoociation <d...@iba.org.in>, "J.Srinivas Baba" <jsba...@gmail.com>, jAIKISHAN <jamb...@yahoo.co.in>, Jayaprakash Nagaraja Rao <njayapr...@gmail.com>, KASIGARI SAMUEL <KASIGAR...@gmail.com>, KL Rao <contac...@gmail.com>, Krishna Shivachaitanya <krishnashi...@gmail.com>, Manmohan Siingh Siddhu <obcretire...@gmail.com>, MK Rama Prasanna <mkrpr...@gmail.com>, Mohan Bhat <pmbha...@gmail.com>, monagupta <loyal...@gmail.com>, "Mrs.Vinutharao" <vinuthara...@gmail.com>, MS Tandon <madhusud...@gmail.com>, Nataraj Pulluru <nataraj...@gmail.com>, Neelakantam <neelak...@yahoo.com>, "R.K.Sharma sbpra" <raj.kr...@yahoo.in>, "RADHAKRISHNAN.V Viswanathan" <dhanu...@gmail.com>, rajamallaiah uppuleti <rajamallai...@gmail.com>, Rajesh Mittu Ludhiana sb <rajesh...@gmail.com>, Rajiv Sharma <rajivsha...@gmail.com>, Ram Kumar Gupta <rkgup...@hotmail.com>, rama krishna Adepu <ade...@gmail.com>, Rama Mohan Rao <drcr...@gmail.com>, RAMACHANDRAN S RAMACHANDRAN S <raman...@gmail.com>, Rampal Trivedi <trivedi...@gmail.com>, RS Sharma <rssha...@gmail.com>, Samuel Kasigari <roopak...@gmail.com>, Sunagar <dksun...@gmail.com>, Suresh Babu Karru <sureshba...@yahoo.co.in>, Thomas Franco <ngcf...@gmail.com>, "V.Nagaprasad, Syndicate Bank" <nagasy...@gmail.com>, Vasant <vasan...@gmail.com>, Vasigala Ramesh <vbvr...@rediffmail.com>, Venugopal Cheriyachanaseril Venugopal Cheriyachanaseril <ceey...@gmail.com>, "Victor Man Mohan Syndicate Bank." <victorm...@gmail.com>
Subject: Re:

GE Debasis Mukherjee garu,
AIBEA lost with Tarak Dada'S DEMISE..  It is dead-force with
intelligent  but corrupt CHV. CHV + THE BRAINLESS AIBOC, AIBOA  +
OTHER UFBU  AFFILIATES ARE IRRELEVANT.
when iba declared that PENSION IS NOT A RIGHT & IBA HAS NO OBLIGATION
TO PAY PENSION, THESE MULES [UFBU LED BY CHV] SIGNED BLINDLY. WHAT
HAPPENED TO THE EMPLOYEES + RETIREES PF COTRIBUTIONS WORTH RS.3
TRLLION TO PESION FUND? IT'S, ALLEGEDLY,  LOOTED BY PC & HIS BOSS.
PLEASE, ENLIGHTEN US WITH YOUR CONTRIBUTIONS TO  OFFICERS CAUSE/AIBOC.
U R VERY  SMART + INTELLLIGENT BY BEFOOLING OTHERS

On Sat, May 28, 2022 at 12:10 AM Debasish Mukherjee
<mumb...@rediffmail.com> wrote:
>
> What you are telling Dr.Bhupathi? AIBOA being the officers wing of AIBEA also was a part of Pension agreement in the Banking industry. Though agreement was signed between AIBEA & IBA on 29.10.1993 and so far I can recollect the then AIBEA G.S. Mr.Tarakeshwar Chakraborty who is regarded the pioneer for introduction of pension scheme in the Banking industry had discussed with all other Banks Employees and Offcers unions as also series of meetings were organised in different places to obtain opinions of general members of the Banks before signing the final agreement on 29.10.1993 since only the AIBEA enjoyed sole bargaining power in the Banking industry that time and UFBU was not formed.

>
> Debasish Mukherjee.
>
> Sent from RediffmailNG on Android
>
>
>
>

> >> *फोरदreg; आफ बैंक पेंशनर एक्टिविस्टस्

> >> Forum of Bank Pensioner Acहोतीivists
> >> PRAYAGRAJ

> >> न त्वहं कादreg;ये राज्यं  न स्वर्गं नापुनर्भवदreg;्।
> >> कादreg;ये दुःखतप्तानां प्रणिनादreg;ार्तिनाशनदreg;्॥
> >> हिदreg;ालयं सदreg;ारभ्य, यावत्  इंदु सरोवरदreg;्।
> >> तं देवनिर्दreg;ितं देशं, हिन्दुस्तानं प्रचक्षते।।

[Raj Venkat]

Why don’t you write to CBI?

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[K Balasubramanian]

VRS 2001 scheme was introduced to tide over the crisis .it is always the policy of communists to oppose any government policy  which results in reduction of man power .

Inspire of this the govt was under pressure to reduce the manpower at any cost  .the scheme is entirely voluntary and nearly one lakh people opted for it due to their own family reasons and health grounds.

They saved the bank balance sheet going rec.

Policy makers decision should not be opposed for the sake of opposition because it is not synchronizing with their political parties ideology.

If it is compulsory retirement or retrenchment by force they should have vehemently opposed  

VRS optees  really lost lakhs of rupees that would have accrued to them if they continued .

Only monetary compulsion by the banks made IBA govt combine to make a favorable VRS scheme.If they tailored the scheme with less monetary package the scheme might have been a flop .in that imaginary event they might have taken some other decision to fulfill the norms and save the banks credibility.

So VRS optees are the soldiers who stood in front of the warfront and received the bullets and injuries to save the banks  .they should be treated merotoriously and not thar they are being treated as of now since 2001.

So many high profile and sympathetic executives are there in govt mof dfs banks and IBA.except the political affiliated communist union under the banner of communists  all other human hearted persons know these facts very well.

Under the present regime everything is going as per govt thinking only ignoring the unions policy views.

So all right minded persons should come forward and take steps to erase the injustice done to them atleat now with prospective effect.

All were expected human treatment and anticipating  routine revisions opted for VRS.

No one imagined that vengeance and venomous attitude  will fall on their head .

I am a VRS optee suffering from the anticipated calculations not materialized  in a routine manner .like me nearly a lakh of wou ded soldiers are suffering .

It is a golden opportunity for all the persons  who took wrong decisions to rectify and sanction full neutralization of DA .

Pension updation to be done for all as it is a policy matter pending .

Non sanction  of full  neutralization is arising out of vengeance and vendetta which can be cleared by an executive order  by mom after getting a recommendation from iba based on the notorious record note of 2005 .even while drafting that some good hearted soul inserted the 100 percent DA sanction on humanitarian grounds  .humanitarian ground pending for last 17 years sucked the life of 1000 s of retirees and still sucking on a daily basis .

If God almighty is really there HE would have sanctioned the da by this time  .

The evil forces preventing this are more powerful than God and lord mahavishnu should take a new avatar to ask these evil minds to give way for remaining souls atleast to get the benefit of DA. 

Will the Almighty take note of our plea.only HE should answer 

Poorly yours 

K balasubramanian   VRS 2001

Loosing 5000  pm byway of 100percent DA which is 15  percent of my total pension at present .

[Velayudhan Nair]