Regulation 35(1) and Pension Updation

[Narayanan Venkateshwaran]

It is a futile exercise to cling on to the subject regulation

The title to that para of PR is Rate Of Pension and not updation of pension

The directive is a formula to rise 86/87 retirees' pension to perceptible level at the time of pension implementation WE cannot befool the judiciary with the bloomers  PR carries in wording in that segment

PR cannot have a set formula for Updation

It is at the behest of MOF

Even bipartite is negotiation done  for updation  every 4 years with agreement arrived at.

It is true that negotiating Unions /associations have failed us in the past.

It is unfortunate that AIBPARC is creating road block for updation to start with pre 2002 retirees .Everything otherwise nothing is illogical

Pre 2002 retirees are worst affected lot

Denial of 100% Da neutralisation is deepest cut for them

As somebody said the loss is nearly 8 lacs

All of them are in the evenings of life and the average remnant life span will be another 3 years

Full fledged updation to them will not cover the loss they have suffered and the extra amount they get over the next batch (post 2002) will be illusory.

Beginning with pre 2002 will be laying a road map .,Otherwise there is risk of road remaining rugged never navigable

Let us not try to upset the APPLE CART

Republic Day Greetings to one and all

C V Narayanan

25th jan 2023

 

[bhaskara sarma]

P R means Pension Revision. 

With regards,

Yours faithfully, 

P Bhaskara Sarma. 

25 జన, 2023, బుధ 3:38 PMకి, Narayanan Venkateshwaran <seevi...@gmail.com> ఇలా రాశారు:

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[Sanjay Velankar]

Very true !

[Sridhar Mandyam]

Denial of 100 percent DA is because of PR 1995 not due to agreement in 2005

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[Narayanan Venkateshwaran]

Da for pre 2002 pensioners continues  in structured pattern as formulated in 1995.What is meant to be said is that even in the matter of da for this section of pensioners partiality is shown .Da in 1995 was uniform pattern both for serving employees and pensioners. The unsound argument is increase in load to pension account

Does it not add on to the load on account of  post 2002 retirees  with increased  DA and consequent increased  basic for pension as and when they retired/retire

[Niranjan Cn]

Mr. K V Acharya - AIBPARC President was one of the signatories in 2005 settlement.  Had they mentioned one line that DA will be made 100% (neutralisation) it would have been easier .  But now - he is blaming everyone for all the problems.

Niranjan

On Friday, January 27, 2023 at 3:26:19 PM UTC+5:30 sridhar mandyam wrote:

[Sridhar Mandyam]

DA for pensioners depends on the DA structure they were drawing at the time of retirement. Since pre 2002 retirees were drawing tapered DA, their DA after retirement is tapered. Post 2002 retirees were getting 100 percent DA. So they are getting 100 percent DA. This is as per PR 1995. Where is the ambiguity?

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[Sarangapani Rao]

Whether  ambiguity is there or not  but ,there is certainly blatantly conspicuous culpable distinct, discernible, deplorable, deprecable  discrimination which is untenable, militating against principles of equity. 

Sarangapani. 

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[Metlapalli Sharma]

Dear sridhar,

please don't make statements or observations without knowing facts. The 8th bipartite retirees who retired before 1.05.2005 too were drawing a tapered rate of DA at the time of their retirement . But in the 9th bipartite settlement  all the retirees  retired under 8th bipartite were accommodated for a flat rate of DA from 1.05.2005. Thus a division is made between the preNov,2002. retirees and the post  Nov 2002 ones. 

Thus it is not the PR 1995 but the 9th bipartite that has ruined and discriminated against the pre Nov. 2002 retirees. Please sympathise with the discrimination that this section

 of retirees suffered for near  18 years. Further please don't make observations that rub salt into their wounds. Hope you acknowledge the agony of pre Nov.2002, retirees more specially of the pre 1986 and 7th BPS retirees.

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[JSOMA SHEKARA]

Mr.Sridhar 100% DA was introduced from 02.05.2005,. Prior to that all including employees were drawing Tapered DA.  However same was implemented for all employees and for pensioners post 2002.  There is discrimination. But SC ruled that it is management's descrition.

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[MOHANDAS RAO]

Dear Friends,

The tapered DA Formula changed to 100% DA for the working staff and staff retired from 2005 as per the 8th Bipartite Period Settlement. The Pension Regulations of the PSBs get amended as per the periodical Bipartite Settlements and Joint Notes. A copy of the Settlement and the relevant extract on Page 10 is attached.

The 100% DA can now be extended to the pre-2002 retirees if a Bipartite Settlement is arrived at. The Pension Regulations of each bank get amended after some time.  But, who cares?

K. MOHANDAS RAO

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[Sridhar Mandyam]

It was not seperately introduced for pensioners. It was only introduced to workmen. So workmen getting 100 percent DA during service, continue to get 100 percent DA after retirement. No discrimination in that between pre and post 2002 retirees.

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[bhaskara sarma]

Everything is  as per certain  formula. Them why  we should have all union's, bps, etc.

We may close all these and relax.

With  regards, 

P Bhaskara Sarma. 

29 జన, 2023, ఆది 8:35 PMకి, Sridhar Mandyam <mandy...@gmail.com> ఇలా రాశారు:

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[Sridhar Mandyam]

It is the union and bps who have created the formula

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[bhaskara sarma]

If they created the formula,they can change it also.

With regards, 

P Bhaskara Sarma. 

31 జన, 2023, మంగళ 9:32 AMకి, Sridhar Mandyam <mandy...@gmail.com> ఇలా రాశారు:

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[Sridhar Mandyam]

Yes. But that is not happening 

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[vrsivaram...@yahoo.in]

In one BPS  IBA has offered Rs. 1288 crores as a  wage revision settlement instead of percentage and asked the unions to revise the salary within the ammount offered by IBA. So our leaders adjusted the amount by  introducing the tapering in wage revision settlement. Now the leaders are not opening their mouth. When retirees approached the court in one court retirees got favourable orders but in the bench they lost the case. One judge said DA is paid according to settlement and another judge said it is additional burden to the bank., and in Supreme court the same judgement was confirmed. Our shameless leaders are not interested in rectifying their mistakes. Because of this few lakhs of retirees are not getting 100%DA.Pensioners retired before 2002  loose nearly Rs 10000/ per month. This is because of  union LEADERS 

We bank employees retired   ashamed to say that we are retired from bank.

Credit goes to our Union leaders 

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[vrsivaram...@yahoo.in]

Tapering system of DA was introduced in banks by bank UNIONS only. UNIONS in bank are waste Wages are revised by 30%  automatically once in 10 years to Government employees but in banks by 13%once in 5 years. Our leaders are retired employees they don't know the problems of employees and these people are negotiating for employees.

Poor Bank Employees 🙄😞🙄😞 Leaders want in the good looks of the management and they want to continue as leaders permanently. Retired employees are the leaders of the union. They want to retain. their post at the cost of employees. 

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