Re: Digest for bankpensioner@googlegroups.com - 4 updates in 2 topics

[vaidya nathan]

If only 50 percentage had accepted Pension at first instance,and balance had accepted in 2010 around, what prevented AIBEA to negotiate and implement Updation for First Batch of Pensioners in 2000 itself.. That would have been much easier and less burdon to Banks. So finding an excuse is Not Fair. 

VAIDYANATHAN 

On Wed, Jul 15, 2026, 5:25 PM <bankpe...@googlegroups.com> wrote:

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• DFS Letter - 3 Updates
• Extension of benefits which are extended to pensioners of the Central Government to Bank Pensioners – Communication dated 20.05.2026. - 1 Update

DFS Letter

Niranjan Cn <niran...@gmail.com>: Jul 14 05:13PM +0530 Somashekar Sir,   You mean to say - we got pension because of AIBEA only. Unfortunately, nearly 50% of our friends did't follow the suggestions of of AIBEA - to opt for pension. Had everyone opted then itself (1995)- the present day problem would not have cropped at all. Whom to blame sir ??   Niranjan   On Tue, Jul 14, 2026 at 9:48 AM JSOMA SHEKARA <jsomase...@gmail.com> wrote:

JSOMA SHEKARA <jsomase...@gmail.com>: Jul 15 11:06AM +0530 The 1993 agreement was signed by AIBEA and IBA. Clause No. 17 also states that any doubt will be resolved by consulting AIBEA. Banks also accepted in High Court that Clause No. 12 provides for updation subject to future negotiations. As DFS is admitting now it was also agreed in the 1993 agreement that our pension scheme is modelled on RBI pension structure. Unfortunately these clauses were not included in Final regulations. Taking advantage of clause No 17 AIBEA could have rectified this anomaly in 1995, soon after the draft regulations were provided to AIBEA. As the signatory to the 1993 agreement, it is AIBEA's moral and legal obligation to ensure that the agreement's provisions are not manipulated. When Banks/IBA admitted that clause no 12 provides for updation subject to future negotiations how can they later claim there is no provision for pension updation, Various retiree organizations and individual pensioners are raising questions about the non-inclusion of provisions from the 1993 agreement in the final regulations. As a signatory to the 1993 agreement it is incumbent upon AIBEA to clarify doubts. Silence is not golden here; it raises more doubts.

Ramani Konnayar <knra...@gmail.com>: Jul 15 10:07AM +0530 When pension scheme was introduced, the interest rates on deposits were very high and even nationalised banks were offering as high as 15% p.a. Some reputed and long standing private sector industrial houses were offering even 18% through their NBFCs. This made many employees opt to continue under CPF scheme. The option was intentionally given in order to divide the employees. Why it was not made compulsory as done in the case of Government employees is not known.   In my view, this decision by many to not opt for pension, is however, not the main reason for Pensioners not getting any benefit after retirement, updation in particular. Rather, the replacement of the BEPR by NPS for all new entrants from 1/4/2010 divided the employees further and Unions had to naturally take care of the interests of the majority of their membership under NPS resulting in their not only not showing any adequate interest in revision of pension but even accepting curtailment of the existing benefits through introduction of Special Allowance and increasing its share steadily in each wage revision.   K N RAMANI

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Extension of benefits which are extended to pensioners of the Central Government to Bank Pensioners – Communication dated 20.05.2026.

Narayanan Venkateshwaran <seevi...@gmail.com>: Jul 14 04:15PM +0530 Dear sri Ramaniji It would have been sensible to seek parity with CG pensioners if all Banks had 100% equity from govt. Unfortunately our unions were mute spectators when govt did Divestment without an iota of concern for the it's Ill effects on employees which we are witnessing now. C V Narayanan

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[Sridhar Mandyam]

Why, in 1995 whe pension scheme was introduced, pre 1986 retirees were excluded?

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[Prasad C N]

Dear Sir,

There would not have been extension of pension option to remaining 52% and it was more than 75% during 2010.  It is surprising to note that it Officers Association which signed Joint Note on 14.12.1999 inserting 1616-1684 problem and BPS was signed on 27.03.2000.

Those who promoted PF are responsible, because of this 52% PF optees, pension updation was never a demand till 2015.

Shri Ramaniji, has quoted higher rate of interest for Deposits.  It is unfortunate that as Bankers we did not appreciate the fact that interest rates are linked to inflation and inflation at that time was more than 14%.  We also did not consider the fact that higher inflation rate means higher amount of Dearness Relief, which means higher amount of pension.

Thanking you,

With regards,

Prasad C N

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[Niranjan Cn]

Vaidyanathanji,

All the problem was because AIBEA got us the pension.  Had the pension not come - no 1616 case, no 100% DR case, no 5 years case, no uniform DR case, No updation case, No Singlas case. We have to squarely blame AIBEA for bringing in Pension and creating all the problems.  AIBOC/officers unions/associations were intelligent and they didnot contribute in pension scheme formulation - only to realise later their foolishness and misguiding fellow pensioners.

Blame AIBEA - for all issues - by bringing in Pension Scheme.  Had no  Pension Scheme - No problems would have come.

Niranjan

Ex Canara

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