REMINDER BY AIBRF TO IBA ON ADVANCE PENSION.

[PM]

Dear Friends,

Copy of letter of AIBRF to IBA reminding on advance pension under the back drop of COVID-19

[harinarayana sarma nandivada]

While I thank you for sharing this circular, I feel that unwarranted agenda is surfacing on this blog which will defeat the very purpose of this blog.  I am afraid, we are deviating from our main agenda of getting our long pending issues resolved.

I hope the architects of this agenda will desist from crafting trivial things and concentrate only on our main issues.

Regards,

N.Harinarayana Sarma

On Monday, 6 April, 2020, 02:45:32 pm IST, PM <moha...@gmail.com> wrote:

Dear Friends,

     

    Copy of letter of AIBRF to IBA reminding on advance pension under the back drop of COVID-19

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[Sanjay J]

The parties directly or indirectly concerned to “our long pending issues” are IBA, UFBU, Respective Bank’s Retiree outfits, AIBRF etc.

It is gladdening to note that Mr.PM has access to correspondence/notifications between and among the parties mentioned above and promptly sharing them with us.

Mr.PM is providing us an opportunity to know what is going on between them. “What is going on between them” may be or may not be in the best interest of the pensioners community. Mr.PM is not responsible for that.

His reproducing the communications, in my opinion, is to let us know “this is what happening”.

It is better to be in the know of things, rather than completely ignorant about the ways and mindsets of the parties concerned on whom we pinned our hopes to solve our “long pending issues” in vain for all these years.

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[natarajan pv]

But the correspondence is one sided. 

IBA never replies to  AIBRF.

Even UFBU/ AIBEA never replies.

What sort of relationship is this ? 

THANKS AND REGARDS,

P.V.NATARAJAN.‌
9445021712.

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[Vvns Varaprasadrao]

AIBRF is trying to prove through these letters that it is working for retirees.

That's all.

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[JSOMA SHEKARA]

It is immaterial one  month pension advance is required or not. The main point here is how Unions are treating retirees demands/issues. Unions submit letter to IBA if iBA says cost is high or interest loss they report the same to us and drop issue. AIBEA should ask IBA to give exact data of how much interest loss will be there if one month advance pension is granted, then discuss the issue and take decision. But as soon as a demand is raised regarding retirees issues IBA without providing any data dismisses it saying cost is high and issue is dropped.

If UFBU/IBA go on like this no demands of retirees will be resolved for another 10 years.

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[Narayanan Kasthurirengan]

It is astonishing that banks are talking about cost involved in releasing one month advance pension.  As posted by a member earlier, many of us do not worry about this advance pension.  The banks which delayed implementation of SC order on 1616/1684 DA merger for 2002 - 2005 retirees and ended up paying hefty interest did not care about cost involved because Pension Fund is our money and they simply debited the Pension Fund (might be it would have run into crores).  This is what I highlighted yesterday.  At some level we should have made a legal compulsion for the banks to pay this interest from its revenue and not to debit Pension Fund and this would have had a telling effect on the bankers' attitude.  They would have vied with each other to disburse the arrears at the earliest.  We should keep learning lessons from the past and strategize ourselves for the future.  We need to have lot of exposure to legal actions.  There is no use expecting anything from AIBEA, the main union that leads the settlement process because they have proved their intentions more than once (1) 1616/1684 DA merger issue (2) Delinking Special Allowance for Pension in last BPS (3) Notoriously allowing the banks to insert 41(6)
in Pension Regulations effective from 01 07 2003 (but quoting this for period prior to 01 07 2003 also) to have a legally untenable interpretation for retrospective reduction of commuted portion of Basic Pension - when they copied this clause from Central Civil Pension Rules knowing very well that Reg 56 makes Central Civil Pension Rules (CCPR) as our mandatory guide, they deliberately forgot to insert other relevant Commutation clauses from the CCPR which read as under

 

6. Commutation of pension to become absolute -

(1)(b)

in the case of an applicant who is drawing pension from a branch of a nationalized bank, the reduction in the amount of pension on account of commutation shall be operative from the date on which the commuted value of pension is credited by the bank to the applicant's account to which pension is credited  .   15 3 b (1)(e) where the payment of commuted value of pension has not been made within the first month after the date of retirement and the delay is not attributable to the pensioner, the Accounts Officer shall issue an authority to the Head of Office for the payment of the difference of monthly pension for the period between the day following the date of retirement and the date preceding the date on which the Commuted Value of pension is deemed to have been paid in terms of Rule 49 of the Central Government Accounts (Receipts and Payments) Rules, 1983. The intention is to protect the bankers from any penal action for their continued misdeeds

On Monday, 6 April 2020 14:45:23 UTC+5:30, PM wrote:

[Narayanan Kasthurirengan]

dear comrades,

yesterday I posted a msge regarding IBA letter addressed to Mr Sreenivasan of Kochi. Yesterday  I raised a complaint in GOI portal for Pensioners Grievance and to day they have forwarded the same to Finance Ministry.  I have been making hectic efforts to compel IBA/banks to acknowledge that  reduction of commuted portion retrospectively is illegal.  I have marked copies of all my RTI applications, emails to the banks and also complaints to the SYNDICATE BANK PENSIONERS AND RETIREES ASSN. Till date there is not even acknowledgement from them.  Probably if things take a positive shape, then they may shoot a letter to management to impress upon the membership that they are on the job????

This Is what they have been doing in every case.  Please see the attachments.

k narayanan

9894887958

On Monday, 6 April 2020 14:45:23 UTC+5:30, PM wrote:

[pradeep deepu]

Dear Sir,

With refer to the above Subject , My father was a Exservicemen and after retiring from army he was working in SbM in Arsikere Branch and after 9 1/2 yeras service he was missing and was not traceable from 1999 . Regarding this we have submitted number of letters to SBM and he was removed from the service even after getting the bank intimated and also compassionate appointment was also denied to us as there was no provision from 2004 . 

After that we had a writ petition in High court of karnataka and recently on 9th October 2018 we have receive the verdict stating Compassionate appointment will not be provided But Compassionate Allowances and all other entitlements has to be provided by the bank. we had a housing loan which we have already cleared it .

But till now even after approaching bank officials it is been delayed to make us the settlement and i also want to know if Compassionate appointment not given will we get the exgratia Amount as per the IBA Circular ... And what will the amount we will getting ..

Awaiting your valuable response sir ... Also even after clearing the housing loan till now  after 8 months also we have not received the property document from the bank .. Kindly suggest and help us sir...

Thanks & Regards

  Pradeep. S

  

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[Prasad C N]

Dear Sir,

It is unfortunate that you have not brought this to our notice.  We have already got all terminal benefits and pension arrears in similar case.  Please come and meet us in our Office, after resumption of normalcy.

Thanks, a Million. 

With regards,

Prasad C N

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