NEGITIATION COMMITTEE MEET ON 5th DEC'19

[PM]

FOR INFORMATION:

Next meeting of Negotitation Committee on wage revision will be held on 5th Dec'19 instead of 3rd Dec as scheduled earlier.

[PM]

Copy of IBA letter to UFBU on 5th meet attached for information

[PM]

For Information:

BRIEF HISTORY OF BPS to UNDERSTAND THE FACTS

7th BPS
In 7th BPS for the period 01.11.1997 to 31.10.2002,

(a) the DA upto 1664 points was merged with the Basic Pay
(b) But for the purpose of payment of pension, merger upto 1616 point was
considered,which resulted in lower basic for the purpose of pension calculation.
The pension of the employees retired from 01.11.1997 till the date of settlement
(11.03.1999) was reduced from 50% to 41% due to above illegal settlement.

All the employees who retired during 01.11.1997 till the date of settlement
were paid the revised pension from the date of settlement. ie 2000
They were denied the arrears of revised pension. They were forced to give
undertaking that revised pension will be paid if they agree not to claim the
arrears of pension and revised commutation.

8th BPS
The 8th BPS for the period 01.11.2002 to 31.10.2007
8th BPS was signed in 02.06.2005.
The employees retired during 01.11. 2002 til the date of signing of
settlement ( i.e. upto July 2005) were denied the arrears of pension and
commutation as happened in 7th BPS.

7th 8th & 9th BPS
UFBU agreed to share the incremental cost of pension since
7th BPS total 16.5% ( 8.25% from employees + 8.25% from Management)
8th BPS Total 18.5% ( 9.25% from employees + 9.25% from Management )
9th BPS Total 26% ( 13% from employees + 13% From Management )

DO YOU KNOW THAT THIS INCREMENTAL COST WAS RECOVERED FROM THE EMPLOYEES AND SAME AMOUNT FROM THE MANAGEMENT BUT MANAGEMENT SHARE HAS NOT BEEN DEPOSITED IN THE PENSION FUND TRUST.

The Some Bank management stopped depositing 10% of basic pay
each month in the pension fund as per pension regulation. They are
manipulating the Actuarial valuation report and accordingly depositing there
share (lower amount) on quarterly/ half yearly/ yearly basis.

It is the responsibility of the Unions to ensure that the incremental cost of
pension, so agreed, has been deposited in the pension fund, but leaders are not
interested to care the retirees FUND

The Bank not deposited 10% statutory contribution every month as on 31.03.2010. As per annual report from the website.
In fact Bank withdrew Rs 57 cr from pension fund to boost the profit to 3058 crore in March 2010.
The bank has deposited employer contribution to pension
Rs 472 crore during 2008-09
Rs 365 crore during 2007-08
Rs NIL during 2009-10
How the employer contribution can be Nil during 2009-10.?

The list of PSB not deposited the statutory share in pension fund is very long which includes SBI + Groups and PSB, United Bank, UCO Bank, Central Bank Union Bank. Central..................

It is diversion / loot of employees retirement funds to boost the profits. The amount involved is more than one lac crores which has been laundered since 01.11.1997.

RBI allow amortization of pension cost/fund to boost the banks profit and used 19611.57 coroe from the banks pension fund and returned in 5 Installments.
Why the banks have not deposited this 19611.57 cr in one installment.
Is it not a loss to the pension fund?.
The 9% average return on pension cost of Rs 19611.57 will add to pension kitty
by 1765.04 cr per year.). Loss of interest of Rs 1765.04 cr to
pension fund is equal to 40% of wage rise offered .

***The interest loss to the Pension Funds for retirees due to the amortisation of Pension cost of banks over 5 years in the IXth BPS, high loss of interest to pension fund.
It is an act of --misappropriation of pension funds at the corporate level .***
Other words we can say Maha LOOT on Pension Fund.

10th BPS

10th settlement signed with IBA, UFBU has agreed that DA upto 4440 index
point i.e.60.15% will be merged and Basic plus 60.15% plus 2% amouting Rs
597 cr will be used to construct the scale, meaning thereby 102% of Basic plus
60.15% DA will be new basic.( 102% of old Basic + 60.15% of DA )

The remaining 13% they utilized as grade pay / spl.pay.
The grade pay /spl.pay ie near about 13% NOT COUNTED or ADD FOR THE PENSION PURPOSE,
GREAT GREAT 13% LOSS TO THE PENSIONER WHO RETIRED ON OR AFTER 01-11-2012 .

Friends, In Banking GM becomes ED, he is no longer a bank employees
but a Govt. nominee on the Board. He is not governed by Bank employees
Pension Regulation. In fact he has to resign but his resignation is treated as
retirement and his retirement dues are paid. He is entitled to gratuity/ pension
leave encashment PF and other retirement benefits.
GM becoming ED is entitled for pension on his resignation but normal
employees resigning after -20- years is denied the pension.
So ED gets salary fixed by Govt. plus monthly pension.
Do you know that now ED/ CMD are getting -2- pensions. One pension from
parent Bank from where he was GM and 2nd pension of Chairman/ Executive
Director from the Bank he retired as CMD/ED.
Your pension fund is paying pension of ED/CMD and he has never contributed
incremental cost or 10% to the fund.

Dear Friends as you know that neither the bank Managements represented by the IBA nor the unions represented by UFBU have been serious to resolve our burning issues despite our hue and cry through various forums. In fact, they both have gone to the extent of saying that – we the retires cease to have any relationship with the employers and have no contractual obligations whatsoever and refused to have any dialogue with the organisations representing us for the redress of our legitimate grievances stated supra, vide their “Record Note” dated 25th May, 2015, which reminds us of the historical “Magnacarta” signed by themselves , to leave our fates to destiny forever.


DEAR FRIENDS,

All above are facts based on past experience, the IBA and UFBU may cheat again so be careful and watchful. We think and feel that we are required to give a BIG BIG serious thought .
All above are for your information and knowledge under our knowledge sharing prog. 2018
JAGO FRIENDS

-IB.News.2.12.19

[OM PRAKASH SHARMA]

Dear PM Sir.

I opted for VRS in Jan 2001 and LATER opted for pension in the year 2010. Kindly advise if 2nd pension optees are also eligible for difference of DA ,as applicable to retirees of period 1998-2002.

I shall be grateful , if you can guide me on this issue.

Kind regards,

O.P.SHARMA 

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[Shrinivas Parkar]

Dear Omprakashji, since you have not received any Pension during the period 1998 to 2002, you are not eligible for DA Difference pertaining to period between 1998 to 2002. I agree that this is injustice. This point has been explained number of times in this Blog. 

However,  you will be eligible for 100% DA benefit for pre-2002 Retirees, if & when it is approved and that also from the date of your receiving Pension.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAPbAY6jSeYeVsq4o9e4mcsp58X%2BiG%3DfNGQ7YrHht4_i78v9%3DzQ%40mail.gmail.com.

[Srinivasa Murti Devulapalli]

Devulapalli Srinivasa Murti

VIJAYAWADA, AP, India

3 DEC 2019 — 

 

BETREYAL BY THE LEADERSHIP  – A PERENNIAL  SIN FOR  THE BANK   RETIREES

MY DEAR FRIENDS,

In the back drop of the on going  wage negotiations  (BPS-XI) scheduled on 5th. December, 2019,  lot of apprehensions are  looming large  in the minds of our  retiree-fraternity  - as to whether a  raw-deal  repeats again - to our dismay..??    The Answer  is – “A MILLION DOLLAR QUESTION “ !!  

Till the final settlement is signed  in black and white,  we are not in a position to believe the words and utterances of the leadership , - Owing to their betrayals already  meted out against us many a time in the past:

 
BETREYAL  01.  

– D A  PATTERN -  COMPENSATION AGAINST INFLATION:

My Dear friends !

The leadership of AIBEA along with other major trade  unions of the country are solely responsible for the non revision of consumer price index since 1960 which is still in force as base to decide our DA pattern- which is obsolete to the present living conditions. It is unfortunate that these unions representing the major workforce in the country could not clinch a revision for nearly SIXTY LONG YEARS !!!.

This is despite the fact,  that an upward revision to the base level index of 1980 was already recommended to the then Government by a committee which was constituted at the very insistence of these “so called central Trade  unions “ by  themselves for this specific purpose - very long ago !

This is an utter failure on the part of these unions representing the working class. Please click the following link for the details in vivid.

 https://drive.google.com/open?id=1zzwVC5LQQlsPC__QiS9E32lwuwj2x6sT

 

BETREYAL 02. –

REMOVAL OF UPDATION CLASUE  FROM THE   PENSION  REGULATIONS:

  My dear friends,

You are quite aware that ,  for the first time in the Banking Industry, Pension Scheme  for the employees of the Reserve Bank of India,  was introduced  in year 1990 with the initiative of  the Government and the same was intended to be introduced in  all the banks in the public  sector.

With this intention,   A DRAFT COPY OF THE PENSION SCHEME  (as adopted in RBI ) was sent to the CMDs of all the PSBs to expedite necessary formalities  for its introduction by taking the consent of all the unions for its smooth introduction.  

That’s how an MOU was signed between the Bank managements and unions representing  both the Workmen employees  as also Officer-employees,  in  the year 1993,  WITH THE PRIOR CONSENT OF THE RESPECTIVE BOARDS OF THE BANKS WHICH PLEASE NOTE. 

( From 1993, the effective date was further stretched to 1986 for unknown reasons)

 All the above  mandated statutory  formalities  ,  has ultimately paved the CLEAR  WAY  to sign  the settlement in 1995 under the ID Act.  Ultimately  -   BUT…..BY DELIBERATELY OMITTING  THE PENSION UPDATION CLAUSE  (that was very much present in the signed MOU which is the genesis of this settlement)

 IN VIEW OF THE ABOVE ,  IT IS AN INDISPUTABLE  LOGIC  THAT THE  MOU SIGNED  IN THE YEAR 1993 IS  CERTAINLY , A  SOURCE OF STRENGTH  TO THE PENSION REGULATIONS  SIGNED  SUBSEQUENTLY  UNDER THE ID ACT IN THE YEAR 1995.

BETREYAL 03.
NEGATIVE ROLE BY  AIBOC:

The present confusing situation created by the leadership aptly reminds me of the legend poet laureate of renaissance era - "William Shakespeare's famous

soliloquy - "TO BE OR NOT TO BE ..!" ...

LET US NOT REPEAT ANOTHER HISTORICAL BLUNDER.....

This reminds of the similar confusing situation created by the then leadership of AIBOC during which period I was also the Office-bearer of Syndicate Bank Officers Association (SBOA-) representing AP State.  In fact, SBOA has been one of the strong affiliates AIBOC. -

Let me go further into the details......

When it was mooted to introduce the Pension Scheme in the Banking Industry, barring AIBOC, all the remaining organisations had welcomed the move , as a social security measure.

The then leadership of AIBOC who was also heading their affiliate organisation in State Bank Of India, had opposed the scheme on the pretext that he would get the pension scheme as third benefit akin to the one prevailing in SBI .

That's how AIBOC remained as an Odd-Man-Out by prevailing on its membership not to opt . Arithmetical calculations were also shown in support of their stance which was popularly marketed among the membership at large in support of their stance.

Owing to the fact that a major junk of the Officers Community had not opted for Pension, the very viability of the scheme itself had posed a big question among all the rest.

The Pension Scheme as prevailed in SBI is in fact by virtue of a statutory provision and has no comparison with other Banks , and therefore, it was impossible to achieve as 3rd.benefit, owing to insufficient corpus even to maintain the break-even for smooth servicing of the scheme as envisaged which was a ground reality.

The above stance of AIBOC had created a lot of confusion among the officer- employees in general and much in particular the office-bearers of its own affiliates even.

In fact, in one of the Executive Committee Meetings, I opposed the stance taken by the leadership and preferred  to tender my resignation as an office-bearer of  SBOA / AIBOC as it was even coming in the way of my choice for the Pension Scheme.

However my leadership prevailed upon me not to take that extreme step merely on this count alone and rejected my proposal –

That's how relaxation was given to the officers/office-bearers whosoever wanted to opt for the scheme.

Later , It has been  well within the knowledge of everybody that all the affiliates of the Nationalised Banks had formed as a separate entity (logo) within the AIBOC itself to exert pressure on their leadership and to fall in line with all the other organisations who had to struggle for the 2nd option with prospective effect and that too after paying a "HEAVY PRICE " of refunding the PF amount by the retirees together with interest there on ! -IT'S INDEED ! A HEAVY PRICE PAID BY THE INNOCENT RETIREES AS PENALTY FOR THE HISTORICAL BLUNDER COMMITTED BY THEIR OWN LEADERSHIP. 

THE IRONY PART OF IT IS --  RECOVERY  WAS MADE RETROSPECTIVELY (together with interest )….

 BUT  PENSION WAS PAID WITH  PROSPECTIVE EFFECT !

https://drive.google.com/file/d/1h0-0-uKTJaPwtZok85fkqp31O1tTvGhq/view?usp=sharing

BETREYAL 04.
DISCOURAGING  THE REAL FIGHTERS ON THE LEGAL FRONT:

It is well known to every one that ,  blatant violation of pension regulations by the managements/unions,  has been the root cause for the retirees to take legal recourse for justice  -

be it  for restoration of 5-year notional service ,  1616-1684 DA anomaly while fixation of Basic Pension  ,  or 100% DA Nuetralization for the pre-2002 retires,  updation of Pension/family pension,  one more option for the left overs etc.

In  all these legal fights, by and large,   only a few  activists  have taken the lead role  since  as way back as 2001.  Barring a few retiree organizations from Chennai, Bangaluru, Kolkotta, Kerala, Delhi  ,Chanbdighar etc.  Ex: Com.G. Palani (BOB),  SBM Commune , Bangaluru lead  by Com. C N Prasad garu & his team,  CCK of Kerala lead by Com. C N Venugopalan garu,  Com. M S Sidhu  garu of OBC, Late Dr. B. Ramji garu of IOBRA , etc., Com. Kasturi Rangan garu, (Cnaara); Com.Debeshji (UBIRWA)

There has been no  organizational  support virtually.    Even In certain cases though  some organistion/s  have impleaded  themselves voluntarily  at the apex level proceedings,  the cases were not properly handeled – ie.  lack of effective counters to the opponents moves  has  resulted  in  losing the case/s at the Supreme Court level  - ex: 100% DA case  caveat petition/s  was/were not filed  against the Kolkotta judgments.  It’s one of the major contributing factors to lose the case.

Since then, we have been making all out efforts to see that a Curative Petition is filed and registered  in Supreme Court for the justice ultimately,  unmindful of the discouragement  and very much against the  displeasure of the vested interests  who were bent upon to thwart our efforts by  hook or crook .  

At this juncture,  I fondly and respectfully  acknowledge the pains taking efforts made by  the Late Legend Leader Com.Dr.B.Ramji garu , the then Genl.Secy.of  IOBRA, whith whom I had a long personal interaction  at his residence in Chennai  in the month of February this year itself  ( the same month when the Curative Petition # 243/2019 filed on 15 02 2019 is now pending  before the full bench of the Supreme Court headed by the Chief Justice of India.) 

Subsequently, our other  Learned Senior comrades –viz:  G. Palani garu (BOB) , Com. Debesh Bhattacharya garu (UBIRWA),  Com. Kasturi Rangan garu (Canara Bank) have also filed Curative petitions  with the active support from many senior comrades- like Com. N Sankara Subramanian (Indian Bank); Dr. L. S. Raman garu (UCO BANK) ;  V B Ramesh (Indian Bank); Katari Satyanaraytana (Indian Bank); TDN Raghavan (Canara Bank); RSR Prasad (Syndicate Bank) Com. J Somasekhara (Canara Bank).....(I may please be excused for my short memory if any body else left out. to be mentioned...)

https://drive.google.com/file/d/1vrGoLnvBL4Q7Cpd52waiRkxNaLuklNcg/view?usp=sharing

 

BETREYAL 05.
LEADERSHIP IS DRAGING  THEIR  FEET:

In  view of the foregoing,  it is abundantly clear that the leadership of UFBU has been dragging their feet towards the burning issues of  the retiree-fraternity.   

There is no unity among the constituents in UFBU itself. IBA is taking full advantage of  the disunity  among the constituents of UFBU.

This is in total contrast to their counterparts in RBI  who  established  cohesive line of approach -  both the working  and retiree organizations  who fought  organizationally as also  legally simultaneously to restore Pension Updation  for their retiree comrades.  

 https://drive.google.com/file/d/1iBZU30gjkl1EKtLGXavRCzhfwrlWIuVx/view?usp=sharing

 

Finally , I only pray the Almighty to let some wisdom be dawn on the Leadership of UFBU  in the sole interest of justice and fair play and to bring some solace to the lamenting lot of the retiree fraternity.

https://www.youtube.com/watch?v=6GFnTDb4Ew8&t=13s  

With Greetings and Regards,

 

“|| यतो धर्मस्ततो जयः ||” IS THE ULTIMATE......

I remain -Yours, 

 
దేవులపల్లి శ్రీనివాస మూర్తి/         
DEVULAPALLI SRINIVASA MURTI

Ramavarappadu (PO)
VIJAYAWADA 521108

DEC. 03, , 2019
0866-2953298 / 998931830

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAPbAY6jSeYeVsq4o9e4mcsp58X%2BiG%3DfNGQ7YrHht4_i78v9%3DzQ%40mail.gmail.com.

--

d s murti

[JSOMA SHEKARA]

Unions have reported that to days meeting may take some decisive turn in concluding XI BPS. Let us hope UFBU will take up following issues for discussion to day.

1. Merging of DA index level @6352 for all pensioners.

2. Updation

3. Family pension

UFBU has already dropped 100% DA issue. So there is no hope of any discussion on that.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKUBVvdsNAX%2BX2Jh0XokQ4T4eCCq_E267GVjAyft_MKpqz_ycA%40mail.gmail.com.

[Jasbir Jolly]

Nothing happened in today's meeting. Tea party over.
JS Jolly UCO bank.

[JSOMA SHEKARA]

Proceedings of To days BPS talks attached.

The talks could have been done by video call within 5 minutes. Nothing is decided. UFBU must stop reporting retirees issues discussed. Is this discussion? IBA repeating same thing since last 5 years. Now since last two three meetings a new drama of actuary has started. "I will suggest manes or you suggest names of actuary"

BPS has reduced to the status of high school students meeting.

It is foolish on our part to trust these leaders and expect anything.

[Mohan Revathi]

S.  U r also eligible if at all 100% DA neutralisation is implemented.  It will be applicable for all pre 2002 retirees regardless of pension option for first time or second time.

R. Mohan

CB retiree

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW0DTk3qCW0%2B6UOC2tSUWDJoJr6uxgBodEx4-fFFBhAKEw%40mail.gmail.com.

[Gopalakrishnan Ramachandran]

If updation is not possible the merger of DA with pension can be considered. UFBU may be requested to pursue the same seriously if proposal for updation is rejected by IBA.

G Ramachandran

CB-SVRS.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW0DTk3qCW0%2B6UOC2tSUWDJoJr6uxgBodEx4-fFFBhAKEw%40mail.gmail.com.

[Narasaiah Chintalapudi]

Sirs,

The UFBU and IBA MEETING LOOKS LIKE TO SIT AND CHIT CHAT BY TAKING DRY FRUITS AND CONSUMING LIQUID ONLY No use of this meeting. These people are not giving correct picture. Unions are also prolongOMG  it and so that they will get more funds if they delay settlement.

Ch v Narasaiah

Sent from my iPhone

On 06-Dec-2019, at 9:34 AM, Gopalakrishnan Ramachandran <chandra...@gmail.com> wrote:



If updation is not possible the merger of DA with pension can be considered. UFBU may be requested to pursue the same seriously if proposal for updation is rejected by IBA.

G Ramachandran

CB-SVRS.

On Thu, 5 Dec 2019 15:50 JSOMA SHEKARA <jsomase...@gmail.com wrote:

Unions have reported that to days meeting may take some decisive turn in concluding XI BPS. Let us hope UFBU will take up following issues for discussion to day.

1. Merging of DA index level @6352 for all pensioners.

2. Updation

3. Family pension

UFBU has already dropped 100% DA issue. So there is no hope of any discussion on that.

On Thu, Dec 5, 2019 at 9:56 AM Srinivasa Murti Devulapalli <devulapa...@gmail.com> wrote:

<unnamed.gif>

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAE0--GyNVq0jp2QarpcbiVhBN7LL%2BA4_SLEUqE5G0xpN7HNLWA%40mail.gmail.com.

[JSOMA SHEKARA]

All discussions on updations are fake. UFBU has already agreed to drop Updation and 100% DA demands. In return  IBA offered small increase in Family Pension. During AIBRF conference IBA chairman has said updation is not possible and improvement in Family pension is being considered. At that time discussions on retirees demands was not even started. During that time itself a deal has been made.

Now IBA and UFBU are trying hard to collect evidence to prove that Updation is impossible. Actuaries report is one of them. If IBA give input to actuaries that updation will be done every 5 years actuaries will calculate cost like that. This is one of ways to project huge cost of Updation.

Till final agreement of BPS is signed UFBU/IBA will pretend that they are discussing retirees issues and after that they will sign RECORD NOTE.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAE0--GyNVq0jp2QarpcbiVhBN7LL%2BA4_SLEUqE5G0xpN7HNLWA%40mail.gmail.com.

[Chellappa Renganathan]

It seems Nothing will be beneficial for serving Staff as well as retirees from the Bipartite settlements.Ministry of Finance should therefore I BA -UFBU Bi-Partte and appoint either Banking Service commision or give permission for Bankwise settlements forSeving Staff and Pensioners.

[OM PRAKASH SHARMA]

we should be positive at this moment and hoping that something will be done on retirees issues soon. Case for Family pension is almost agreed by IBA and on pension updation, the cost is just 10000 crores and pension funds are enormous in meeting this cost of updation.

Let us wait and watch for the best 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAE0--GyNVq0jp2QarpcbiVhBN7LL%2BA4_SLEUqE5G0xpN7HNLWA%40mail.gmail.com.

[Asok Bhaumik]

AIBOC must be happy for their first demand i.e. mandate issue resolved as reported. So they can forget other demands.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW2pCQyJy7VNKb_G51eBsD7odW9RcfKuNziY_i-e0_kNjg%40mail.gmail.com.

[Velayudhan Nair]

And succesfully cheated the bank retirees by creating a doubt on
actury relating to corpus fund..excellent.

>>>> *Devulapalli Srinivasa Murti*
>>>>
>>>> *VIJAYAWADA, AP, India*
>>>>
>>>> *3 DEC 2019 — *
>>>>
>>>>
>>>>
>>>> *BETREYAL BY THE LEADERSHIP – A PERENNIAL SIN FOR THE BANK
>>>> RETIREES*
>>>>
>>>> *MY DEAR FRIENDS,*
>>>>
>>>> *In the back drop of the on going wage negotiations (BPS-XI)

>>>> scheduled
>>>> on 5th. December, 2019, lot of apprehensions are looming large in
>>>> the
>>>> minds of our retiree-fraternity - as to whether a raw-deal repeats
>>>> again - to our dismay..?? The Answer is – “A MILLION DOLLAR QUESTION
>>>> “

>>>> !! *
>>>>
>>>> *Till the final settlement is signed in black and white, we are not

>>>> in
>>>> a position to believe the words and utterances of the leadership , -
>>>> Owing
>>>> to their betrayals already meted out against us many a time in the

>>>> past:*
>>>>
>>>>
>>>> * BETREYAL 01. *
>>>>
>>>> *– D A PATTERN - COMPENSATION AGAINST INFLATION:*
>>>>
>>>> *My Dear friends !*
>>>>
>>>> *The leadership of AIBEA along with other major trade unions of the

>>>> country are solely responsible for the non revision of consumer price
>>>> index
>>>> since 1960 which is still in force as base to decide our DA pattern-
>>>> which
>>>> is obsolete to the present living conditions. It is unfortunate that
>>>> these
>>>> unions representing the major workforce in the country could not clinch
>>>> a

>>>> revision for nearly SIXTY LONG YEARS !!!.*
>>>>
>>>> *This is despite the fact, that an upward revision to the base level

>>>> index of 1980 was already recommended to the then Government by a
>>>> committee
>>>> which was constituted at the very insistence of these “so called
>>>> central
>>>> Trade unions “ by themselves for this specific purpose - very long ago

>>>> !*
>>>>
>>>> *This is an utter failure on the part of these unions representing the

>>>> working class. Please click the following link for the details in

>>>> vivid.*
>>>>
>>>> * https://drive.google.com/open?id=1zzwVC5LQQlsPC__QiS9E32lwuwj2x6sT
>>>> <https://drive.google.com/open?id=1zzwVC5LQQlsPC__QiS9E32lwuwj2x6sT>*
>>>>
>>>>
>>>>
>>>> *BETREYAL 02. –*
>>>>
>>>> *REMOVAL OF UPDATION CLASUE FROM THE PENSION REGULATIONS:*
>>>>
>>>> * My dear friends,*
>>>>
>>>> *You are quite aware that , for the first time in the Banking

>>>> Industry,
>>>> Pension Scheme for the employees of the Reserve Bank of India, was
>>>> introduced in year 1990 with the initiative of the Government and the
>>>> same was intended to be introduced in all the banks in the public

>>>> sector.*
>>>>
>>>> *With this intention, A DRAFT COPY OF THE PENSION SCHEME (as adopted

>>>> in RBI ) was sent to the CMDs of all the PSBs to expedite necessary
>>>> formalities for its introduction by taking the consent of all the
>>>> unions

>>>> for its smooth introduction. *
>>>>
>>>> *That’s how an MOU was signed between the Bank managements and unions

>>>> representing both the Workmen employees as also Officer-employees,
>>>> in
>>>> the year 1993, WITH THE PRIOR CONSENT OF THE RESPECTIVE BOARDS OF THE

>>>> BANKS WHICH PLEASE NOTE. *
>>>>
>>>> *( From 1993, the effective date was further stretched to 1986 for
>>>> unknown reasons)*
>>>>
>>>> * All the above mandated statutory formalities , has ultimately

>>>> paved the CLEAR WAY to sign the settlement in 1995 under the ID Act.

>>>> Ultimately - BUT…..**BY **DELIBERATELY** OMITTING THE PENSION

>>>> UPDATION CLAUSE (that was very much present in the signed MOU which is
>>>> the

>>>> genesis of this settlement)*
>>>>
>>>> * IN VIEW OF THE ABOVE , IT IS AN **INDISPUTABLE** LOGIC THAT THE

>>>> MOU SIGNED IN THE YEAR 1993 IS CERTAINLY , A SOURCE OF STRENGTH TO
>>>> THE
>>>> PENSION REGULATIONS SIGNED SUBSEQUENTLY UNDER THE ID ACT IN THE YEAR

>>>> 1995.*
>>>>
>>>>
>>>>
>>>> *BETREYAL 03.NEGATIVE ROLE BY AIBOC:*
>>>>
>>>> *The present confusing situation created by the leadership aptly

>>>> reminds
>>>> me of the legend poet laureate of renaissance era - "William
>>>> Shakespeare's

>>>> famous*
>>>>
>>>> *soliloquy - "TO BE OR NOT TO BE ..!" ...*
>>>>
>>>> *LET US NOT REPEAT ANOTHER HISTORICAL BLUNDER.....*
>>>>
>>>> *This reminds of the similar confusing situation created by the then

>>>> leadership of AIBOC during which period I was also the Office-bearer of
>>>> Syndicate Bank Officers Association (SBOA-) representing AP State. In

>>>> fact, SBOA has been one of the strong affiliates AIBOC. -*
>>>>
>>>> *Let me go further into the details......*
>>>>
>>>> *When it was mooted to introduce the Pension Scheme in the Banking

>>>> Industry, barring AIBOC, all the remaining organisations had welcomed
>>>> the

>>>> move , as a social security measure.*
>>>>
>>>> *The then leadership of AIBOC who was also heading their affiliate

>>>> organisation in State Bank Of India, had opposed the scheme on the
>>>> pretext
>>>> that he would get the pension scheme as third benefit akin to the one

>>>> prevailing in SBI .*
>>>>
>>>> *That's how AIBOC remained as an Odd-Man-Out by prevailing on its

>>>> membership not to opt . Arithmetical calculations were also shown in
>>>> support of their stance which was popularly marketed among the
>>>> membership

>>>> at large in support of their stance.*
>>>>
>>>> *Owing to the fact that a major junk of the Officers Community had not

>>>> opted for Pension, the very viability of the scheme itself had posed a
>>>> big

>>>> question among all the rest.*
>>>>
>>>> *The Pension Scheme as prevailed in SBI is in fact by virtue of a

>>>> statutory provision and has no comparison with other Banks , and
>>>> therefore,
>>>> it was impossible to achieve as 3rd.benefit, owing to insufficient
>>>> corpus
>>>> even to maintain the break-even for smooth servicing of the scheme as

>>>> envisaged which was a ground reality.*
>>>>
>>>> *The above stance of AIBOC had created a lot of confusion among the

>>>> officer- employees in general and much in particular the office-bearers
>>>> of

>>>> its own affiliates even.*
>>>>
>>>> *In fact, in one of the Executive Committee Meetings, I opposed the

>>>> stance taken by the leadership and preferred to tender my resignation
>>>> as
>>>> an office-bearer of SBOA / AIBOC as it was even coming in the way of
>>>> my

>>>> choice for the Pension Scheme.*
>>>>
>>>> *However my leadership prevailed upon me not to take that extreme step
>>>> merely on this count alone and rejected my proposal –*
>>>>
>>>> *That's how relaxation was given to the officers/office-bearers
>>>> whosoever wanted to opt for the scheme.*
>>>>
>>>> *Later , It has been well within the knowledge of everybody that all

>>>> the affiliates of the Nationalised Banks had formed as a separate
>>>> entity
>>>> (logo) within the AIBOC itself to exert pressure on their leadership and
>>>> to
>>>> fall in line with all the other organisations who had to struggle for
>>>> the
>>>> 2nd option with prospective effect and that too after paying a "HEAVY
>>>> PRICE
>>>> " of refunding the PF amount by the retirees together with interest
>>>> there
>>>> on ! -IT'S INDEED ! A HEAVY PRICE PAID BY THE INNOCENT RETIREES AS
>>>> PENALTY

>>>> FOR THE HISTORICAL BLUNDER COMMITTED BY THEIR OWN LEADERSHIP. *
>>>>
>>>> *THE IRONY PART OF IT IS -- RECOVERY WAS MADE RETROSPECTIVELY
>>>> (together with interest )….*
>>>>
>>>> * BUT PENSION WAS PAID WITH PROSPECTIVE EFFECT !*
>>>>
>>>> *https://drive.google.com/file/d/1h0-0-uKTJaPwtZok85fkqp31O1tTvGhq/view?usp=sharing
>>>> <https://drive.google.com/file/d/1h0-0-uKTJaPwtZok85fkqp31O1tTvGhq/view?usp=sharing>*
>>>>
>>>>
>>>>
>>>>
>>>> *BETREYAL 04.DISCOURAGING THE REAL FIGHTERS ON THE LEGAL FRONT:*
>>>>
>>>> *It is well known to every one that , blatant violation of pension

>>>> regulations by the managements/unions, has been the root cause for the

>>>> retirees to take legal recourse for justice -*
>>>>
>>>>
>>>>
>>>> *be it for restoration of 5-year notional service , 1616-1684 DA

>>>> anomaly while fixation of Basic Pension , or 100% DA Nuetralization
>>>> for
>>>> the pre-2002 retires, updation of Pension/family pension, one more
>>>> option

>>>> for the left overs etc.In all these legal fights, by and large, only

>>>> a
>>>> few activists have taken the lead role since as way back as 2001.
>>>> Barring a few retiree organizations from Chennai, Bangaluru, Kolkotta,
>>>> Kerala, Delhi ,Chanbdighar etc. Ex: Com.G. Palani (BOB), SBM Commune
>>>> ,
>>>> Bangaluru lead by Com. C N Prasad garu & his team, CCK of Kerala lead
>>>> by
>>>> Com. C N Venugopalan garu, Com. M S Sidhu garu of OBC, Late Dr. B.
>>>> Ramji
>>>> garu of IOBRA , etc., Com. Kasturi Rangan garu, (Cnaara); Com.Debeshji

>>>> (UBIRWA)*
>>>>
>>>> *There has been no organizational support virtually. Even In

>>>> certain cases though some organistion/s have impleaded themselves
>>>> voluntarily at the apex level proceedings, the cases were not
>>>> properly
>>>> handeled – ie. lack of effective counters to the opponents moves has
>>>> resulted in losing the case/s at the Supreme Court level - ex: 100%
>>>> DA
>>>> case caveat petition/s was/were not filed against the Kolkotta
>>>> judgments. It’s one of the major contributing factors to lose the

>>>> case.*
>>>>
>>>> *Since then, we have been making all out efforts to see that a Curative

>>>> Petition is filed and registered in Supreme Court for the justice
>>>> ultimately, unmindful of the discouragement and very much against the
>>>> displeasure of the vested interests who were bent upon to thwart our

>>>> efforts by hook or crook . *
>>>>
>>>> *At this juncture, I fondly and respectfully acknowledge the pains

>>>> taking efforts made by the Late Legend Leader Com.Dr.B.Ramji garu ,
>>>> the
>>>> then Genl.Secy.of IOBRA, whith whom I had a long personal interaction
>>>> at
>>>> his residence in Chennai in the month of February this year itself (
>>>> the
>>>> same month when the Curative Petition # 243/2019 filed on 15 02 2019 is
>>>> now
>>>> pending before the full bench of the Supreme Court headed by the Chief

>>>> Justice of India.) *
>>>>
>>>> *Subsequently, our other Learned Senior comrades –viz: G. Palani garu

>>>> (BOB) , Com. Debesh Bhattacharya garu (UBIRWA), Com. Kasturi Rangan
>>>> garu
>>>> (Canara Bank) have also filed Curative petitions with the active
>>>> support
>>>> from many senior comrades- like Com. N Sankara Subramanian (Indian
>>>> Bank);
>>>> Dr. L. S. Raman garu (UCO BANK) ; V B Ramesh (Indian Bank); Katari
>>>> Satyanaraytana (Indian Bank); TDN Raghavan (Canara Bank); RSR Prasad
>>>> (Syndicate Bank) Com. J Somasekhara (Canara Bank).....(I may please be
>>>> excused for my short memory if any body else left out. to be

>>>> mentioned...)*
>>>>
>>>> *https://drive.google.com/file/d/1vrGoLnvBL4Q7Cpd52waiRkxNaLuklNcg/view?usp=sharing
>>>> <https://drive.google.com/file/d/1vrGoLnvBL4Q7Cpd52waiRkxNaLuklNcg/view?usp=sharing>*
>>>>
>>>>
>>>>
>>>>
>>>>
>>>> *BETREYAL 05.LEADERSHIP IS DRAGING THEIR FEET:*
>>>>
>>>> *In view of the foregoing, it is abundantly clear that the leadership

>>>> of UFBU has been dragging their feet towards the burning issues of the

>>>> retiree-fraternity. *
>>>>
>>>>
>>>>
>>>> *There is no unity among the constituents in UFBU itself. IBA is taking
>>>> full advantage of the disunity among the constituents of UFBU.This is

>>>> in
>>>> total contrast to their counterparts in RBI who established cohesive
>>>> line of approach - both the working and retiree organizations who
>>>> fought organizationally as also legally simultaneously to restore
>>>> Pension

>>>> Updation for their retiree comrades. *
>>>>
>>>> *
>>>> https://drive.google.com/file/d/1iBZU30gjkl1EKtLGXavRCzhfwrlWIuVx/view?usp=sharing
>>>> <https://drive.google.com/file/d/1iBZU30gjkl1EKtLGXavRCzhfwrlWIuVx/view?usp=sharing>*
>>>>
>>>>
>>>>
>>>> *Finally , **I only pray the Almighty to let some wisdom be dawn on the

>>>> Leadership of UFBU in the sole interest of justice and fair play and
>>>> to

>>>> bring some solace to the lamenting lot of the retiree fraternity.*
>>>>
>>>> *https://www.youtube.com/watch?v=6GFnTDb4Ew8&t=13s
>>>> <https://www.youtube.com/watch?v=6GFnTDb4Ew8&t=13s> *
>>>>
>>>>
>>>> *With Greetings and Regards,*
>>>>
>>>>
>>>>
>>>> *“|| **यतो धर्मस्ततो जयः** ||” IS THE ULTIMATE......*
>>>>
>>>> *I remain -Yours,*
>>>>
>>>>
>>>> *దేవులపల్లి* *శ్రీనివాస* *మూర్తి**/ *
>>>> *DEVULAPALLI SRINIVASA MURTI*
>>>>
>>>> *Ramavarappadu (PO)*
>>>> *VIJAYAWADA 521108*
>>>>
>>>> *DEC. 03, , 2019*
>>>> *0866-2953298 / 998931830*

>>>>> https://groups.google.com/d/msgid/bankpensioner/CAPbAY6jSeYeVsq4o9e4mcsp58X%2BiG%3DfNGQ7YrHht4_i78v9%3DzQ%40mail.gmail.com
>>>>> <https://groups.google.com/d/msgid/bankpensioner/CAPbAY6jSeYeVsq4o9e4mcsp58X%2BiG%3DfNGQ7YrHht4_i78v9%3DzQ%40mail.gmail.com?utm_medium=email&utm_source=footer>
>>>>> .
>>>>>
>>>>
>>>>
>>>> --
>>>>
>>>> *d s murti*

>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>> --
>>>> Visit our blog site http:://bankpensioner.blogspot.com
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>>>> <https://groups.google.com/d/msgid/bankpensioner/CAKUBVvdsNAX%2BX2Jh0XokQ4T4eCCq_E267GVjAyft_MKpqz_ycA%40mail.gmail.com?utm_medium=email&utm_source=footer>
>>>> .

>>>>
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>

[JSOMA SHEKARA]

Everything they are reporting in circulars are not actual facts. Wage revision and other c\service conditions of employees are already been settled.Updation and 100% DA issues have been surrendered in lieu of paltry increase in Family pension. Shortly they will fix a date to sign BPS.

Unions will issue circular claiming that actuaries appointment process is going on and updation issue will be taken up after getting report from actuaries.

AIBRF and AIBPARC will issue circular appreciating Unions for their efforts in appointing actuaries.

UFBU and Retiree org leaders will go on vacation.

We will be left with no other alternative than approaching courts.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAHyS6NyTbsS2Wf-G2d3j%2BoKEVrc_WWyUv25AB2LUWH53-ox9ig%40mail.gmail.com.

[Ramachandran Menon]

I retired in 1995 from Ucobank.  There no relief to my batch until updating is announced and implemented.  Please elucidate.

Ramachandran Menon.

Sent from my iPad

On 05-Dec-2019, at 9:26 PM, Gopalakrishnan Ramachandran <chandra...@gmail.com> wrote:

If updation is not possible the merger of DA with pension can be considered. UFBU may be requested to pursue the same seriously if proposal for updation is rejected by IBA.

G Ramachandran

CB-SVRS.

On Thu, 5 Dec 2019 15:50 JSOMA SHEKARA <jsomase...@gmail.com wrote:

Unions have reported that to days meeting may take some decisive turn in concluding XI BPS. Let us hope UFBU will take up following issues for discussion to day.

1. Merging of DA index level @6352 for all pensioners.

2. Updation

3. Family pension

UFBU has already dropped 100% DA issue. So there is no hope of any discussion on that.

On Thu, Dec 5, 2019 at 9:56 AM Srinivasa Murti Devulapalli <devulapa...@gmail.com> wrote:

<unnamed.gif>

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAE0--GyNVq0jp2QarpcbiVhBN7LL%2BA4_SLEUqE5G0xpN7HNLWA%40mail.gmail.com.

[Ramachandran Menon]

The curative petition filed in Supreme Court on 100%DA issue was said to have come up for hearing today, 10Dec19. Let us hope some favorable decision will come.

Ramachandran menon

Sent from my iPad

On 05-Dec-2019, at 6:46 PM, Mohan Revathi <r.mohan...@gmail.com> wrote:

S.  U r also eligible if at all 100% DA neutralisation is implemented.  It will be applicable for all pre 2002 retirees regardless of pension option for first time or second time.

R. Mohan

CB retiree

On Thu 5 Dec, 2019, 15:50 JSOMA SHEKARA, <jsomase...@gmail.com> wrote:

Unions have reported that to days meeting may take some decisive turn in concluding XI BPS. Let us hope UFBU will take up following issues for discussion to day.

1. Merging of DA index level @6352 for all pensioners.

2. Updation

3. Family pension

UFBU has already dropped 100% DA issue. So there is no hope of any discussion on that.

On Thu, Dec 5, 2019 at 9:56 AM Srinivasa Murti Devulapalli <devulapa...@gmail.com> wrote:

<unnamed.gif>

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAH2Wbibgq5ZjUL3hmvzACMTGWEOTXhj_7POJP%2BdSwdQhGOCuYg%40mail.gmail.com.