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Dear Friends,
01.As stated often,in my earlier posts,under this column,we retirees have left with only two options before us to resolve our major issues:
- either through negotiation with IBA through UFBU.
OR
- through seeking legal remedy in judicial system.
02.Under legal front we have lost in cases involved the major issues :
-100% DA before Apex Court, and
-Revision of Pension Case before Punjab and Haryana High Court, Chandigarh,which is now pending before Apex Court.We cannot expect much from Apex Court in this case.
02.So once IBA submit a report on Revision of Pension of bank pensioners, to MOF there is possibility of resolving one of our major issues,which may also resolve our DA related issues too.
03.In this regard MOF has made it clear their stand on the subject.
Pl.see:
RAJYA SABHA
UNSTARRED QUESTION NO. 216 dated 20 JULY, 2021,on Revision of Pension of retired bank employees,by, DR. L.Hanumanthaiah. M.P.
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
DR. BHAGWAT KARAD, answered as follows:
“Retired nationalised banks employees have sought revision and improvement in pension from time to time. In view of pension being a funded scheme introduced on the basis of consensus arrived at between employee unions/associations and IBA, requests for revision and improvement in pension are considered by the Government after taking into account the views or any proposal or recommendations of IBA in this regard."
04.Thus,UFBU and IBA has to discuss and arrive on consensus on formula and modalities of revision of pension as on lines of RBI pensioners,and submit a proposal/recommendations to MOF for their approval.
05.Further meet with IBA on discussions, of Revision of Pension, included under Residual issues by UFBU is yet to be taken place.
Meantime, next BPS/Joint Note is due from 1st Nov 2022.
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8. It has been strenuously argued on behalf of the appellants that the learned Single Judge has not correctly appreciated Clause 12 of the settlement where-under it was agreed between the employees association and IBA that updation in pension would be allowed on the lines as are in force in Reserve Bank of India; and Clause 56 of the pension scheme providing for bringing in corresponding provisions in Central Civil Services Pension Rules, 1972 wherever the pension scheme of the banks is lacking or is ambiguous. According to the learned counsel for the appellants failure of the respondents to allow updation in pension of the appellants has resulted into a very anomalous situation because various employees of the banks who had been occupying lower posts as compared to the ones held by the appellants, but retired later than the appellants, are drawing pension much more than what the appellants are getting which is contrary to the dictum of the judgments V. Kasturi v. Managing Director, State Bank of India, Bombay, 1998 (4) S.C.T. 662: (1998) 8 SCC 30 that invoked the decision of the Constitutional Bench of the Hon'ble Supreme Court in D.S. Nakara v. Union of India-(1983) 1 SCC 305 and Union of India v. SPS Vains (Retd.), 2008 (4) S.C.T. 453: (2008) 9 SCC 125. By referring to the minutes of the meeting of Small Committee on Pension held on March 26, 1994 wherein it was, inter alia agreed that ‘formula for updation of pension should be on the lines of same given in Reserve Bank Pension Scheme. Any change therein should be introduced only after mutual agreement’, it has been argued that inspite of acceptance of the said formula the respondents have failed to honour it even though such a settlement is binding on the parties under Section 18 of the Industrial Disputes Act, 1947.
25. Ad finem, a word about minutes of meeting dated March 26, 1994 of the Small Committee on Pension whereby it is said to have been accepted that formula for updating pension should be on the lines of same given in Reserve Bank's Pension Scheme. Discussions held and agreements reached in this meeting, in our view, are nothing more than parleys preliminary to the final decision which came in the form of pension scheme of 1995. Therefore, the minutes cannot vest the appellants with a right to claim parity with employees of Reserve Bank of India. It may be hastily added here that it is the specific stand of the respondents in the written statement that even Reserve Bank of India has withdrawn the order of updation of pension and the matter is pending adjudication before Bombay High Court. This assertion has not been disputed by the appellants by filing a replication to the written statement.
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| Revision as per RBI formula for Scale IV Officer | |||
| 9th BPS | 10th BPS | 11th BPS | |
| Basic Pay | 36200 | 59170 | 89890 |
| Basic Pension (50% of Basic Pay ) | 18100 | 29585 | 44945 |
| 10% loading for each BPS (20% for 9th BPS & 10% for 10th BPS) | 3620 | 2958 | |
| Basic Pension after loading | 21720 | 32543 | |
| Dearness Relief upto 6352 points | 28638 | 15556 | |
| Revised Basic Pension | 50358 | 48099 | 44945 |
| Revision as per RBI formula for a Scale IV Officer |
Dear Shri N Sankara Subramanian,This is the exact reason I decided to share my thoughts. Unfortunately, in an axiety to get the benefit, we tried to 'invent' gounds, but try not to 'discover' grounds.We have the habit of reading in bits and pieces, like we quote Regulation 35(1). Even ignoring the procedure to be followed to make a 'settlement', a binding agreement and even if we consider the minutes as 'binding settlement', does it help us ? I am extracting from the minutes :‘formula for updation of pension should be on the lines of same given in Reserve Bank Pension Scheme. Any change therein should be introduced only after mutual agreement’Reseve Bank of India formula cannot be introduced ipso facto, as it results in those who retired earlier getting more pension than those who retired later. If so, what is the formula, one needs to adopt ? Will IBA and UFBU agree with Reserve Bank of India formula, ipso facto ? They cannot agree. If so, what is the option open ? Is it not 'mutual discussion', if we accept your argument ? We need to understand full implication, before we make a case before a Court. Do we know the consequences of an adverse Judgment ? Needs to read Judgments line by line and word by word.The aspect of 'Minutes' is considered by the Division Bench and the following portions of the Judgment, which are relevant to what you have stated is extracted :I am attaching both the Judgments, for your immediate reference. Please read the Judgments, which have quoted even Nakara. Even the concept of Pension Fund is also discussed in Nakara, which is also extracted in the Judgment. We shall stop misleading Pensioners, with half information.8. It has been strenuously argued on behalf of the appellants that the learned Single Judge has not correctly appreciated Clause 12 of the settlement where-under it was agreed between the employees association and IBA that updation in pension would be allowed on the lines as are in force in Reserve Bank of India; and Clause 56 of the pension scheme providing for bringing in corresponding provisions in Central Civil Services Pension Rules, 1972 wherever the pension scheme of the banks is lacking or is ambiguous. According to the learned counsel for the appellants failure of the respondents to allow updation in pension of the appellants has resulted into a very anomalous situation because various employees of the banks who had been occupying lower posts as compared to the ones held by the appellants, but retired later than the appellants, are drawing pension much more than what the appellants are getting which is contrary to the dictum of the judgments V. Kasturi v. Managing Director, State Bank of India, Bombay, 1998 (4) S.C.T. 662: (1998) 8 SCC 30 that invoked the decision of the Constitutional Bench of the Hon'ble Supreme Court in D.S. Nakara v. Union of India-(1983) 1 SCC 305 and Union of India v. SPS Vains (Retd.), 2008 (4) S.C.T. 453: (2008) 9 SCC 125. By referring to the minutes of the meeting of Small Committee on Pension held on March 26, 1994 wherein it was, inter alia agreed that ‘formula for updation of pension should be on the lines of same given in Reserve Bank Pension Scheme. Any change therein should be introduced only after mutual agreement’, it has been argued that inspite of acceptance of the said formula the respondents have failed to honour it even though such a settlement is binding on the parties under Section 18 of the Industrial Disputes Act, 1947.
25. Ad finem, a word about minutes of meeting dated March 26, 1994 of the Small Committee on Pension whereby it is said to have been accepted that formula for updating pension should be on the lines of same given in Reserve Bank's Pension Scheme. Discussions held and agreements reached in this meeting, in our view, are nothing more than parleys preliminary to the final decision which came in the form of pension scheme of 1995. Therefore, the minutes cannot vest the appellants with a right to claim parity with employees of Reserve Bank of India. It may be hastily added here that it is the specific stand of the respondents in the written statement that even Reserve Bank of India has withdrawn the order of updation of pension and the matter is pending adjudication before Bombay High Court. This assertion has not been disputed by the appellants by filing a replication to the written statement.
Thanks, a Million.With regards,Prasad C N
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FOR INFORMATION:
As we observe, the Verdicts in court cases may be favourable or otherwise to petitioners.
As a layman's understanding, Apex Court's verdict is final under judiciary system in our country.
However we also observe that,the petitioners often file applications, before Apex Court as Miscellaneous Applications, for modification/clarification after a final judgment has been pronounced.
Apex court has already came against this trend in one of the the verdicts in: MA 1572/2021 re.Super Tech Ltd. vs Emerald Court Owner Resident .Welfare Assn & ors.on 4 October, 2021 Before Bench of: Hon'Ble Dr. Chandrachud, & Hon'Ble B.V. Nagaratna.in SC.
It is interesting to go through the relevant part of it.
QUOTE;
"12 The hallmark of a judicial pronouncement is its stability and finality. Judicial verdicts are not like sand dunes which are subject to the vagaries of wind and weather. A disturbing trend has emerged in this court of repeated applications, styled as Miscellaneous Applications, being filed after a final judgment has been pronounced. Such a practice has no legal foundation and must be firmly discouraged. It reduces litigation to a gambit. Miscellaneous Applications are becoming a preferred course to those with resources to pursue strategies to avoid compliance with judicial decisions. A judicial pronouncement cannot be subject to modification once the judgment has been pronounced, by filing a miscellaneous application. Filing of a miscellaneous application seeking modification/clarification of a judgment is not envisaged in law. Further, it is a settled legal principle that one cannot do indirectly what one cannot do directly [“Quando aliquid prohibetur ex directo, prohibetur et per obliquum)”
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