Bank Retirees Confederation demands pension updating

[MOHAN P]

AIBPARC view on following points related to updation of pension are not correct.

1.Regulation 35(1)

2.Existing pension fund is sufficient.

Read below:

https://www.thehansindia.com/andhra-pradesh/bank-retirees-confederation-demands-pension-updating-979312 

[JSOMA SHEKARA]

This is the fate of Bank pensioners and we are called white collared employees.

There is absolutely no unity among Bank pensioners associations.

Even after 30 years of Pension regulation and even after few courts have rejected 35/1 theory and pension fund adequate theory Retiree associations repeating the same.

Of Course there are few Issues outstanding  1. Updation 2. Merger of DA 3. Shifting base year for DA calculation 4. Pension on special allowance. 5. Enhancement of EX Gratia. 6, Resignee pensioners issues.

But Pensioners associations like AIBRF, AIBPARC, have no clarity on which issue should be taken on priority, what shall be the associations stand on the issue.

Today AIBRF will submit a representation to DFS listing 7 demands. Tomorrow AIBPARC will submit another representation listing  8 demands. Day after another association will   submit another representation.

Can DFS get clarity on what pensioners actually want and will they take these representations seriously?

DFS is well aware that a case is pending and IBA has filed an affidavit making it stand clear on updation.

IBA has rejected AIBPARC claims of 35/1 and adequate pension funds. Will DFS overlook the IBA stand?       If all retiree associations along with BMS submit a single representation demanding Updation first and follow it  up regularly something can be achieved. IBA, UFBU. DFS all taking advantage of disunity among retiree associations

Now at least BMS is taking initiatives to unite retiree associations. But there seems to be some road blocks.

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[Veera Reddy]

Dear Shri Girish Chandra Arya Ji!

Greetings of the Day.

Gone through your letter addressing Sri K V Acharya Ji and the other Comrade.

While appreciating the needful unified efforts for the cause of bank Retirees, we would like to put forth the concerns of private sector banks' Retirees. A class within the class is being created as ex Gratia to private sector banks' pensioners is not uniformly agreed and implemented at par with those of PSU banks whereas pension regulations and bipartite settlements are uniform all through.

We fear that this may lead to further deterioration if not arrested and rectified right now.

We request for your kind intervention at the appropriate level so as to ensure the justice to the private sector banks' pensioners.

With Great Regards 🙏

Veera Reddy P 

Working President 

Kotak Mahindra Bank Pensioners Welfare Association.

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[Rajender Sharma]

Sir,

You are absolutely correct.All the retiree organizations are playing different

tunes and there is lack of coordination among them.

Perhaps they are afraid of losing their power positions if they come on a 

common platform.But the fact is that the retirees are losing in this fruitless

struggle.The United Forum a lso playing games and paying only lip service to the

demands of retirees, knowing well that they will also reach superannuation today

or tomorrow.Then they will feel the pinch.

R.K.Sharma

[Veera Reddy]

Dear Girish Chandra Arya Ji,

Pranam!

Monsoon season of Parliament commenced.

We feel that this is the appropriate time to put forth the Bank Pensioners' desire for pension updation while impressing upon the justice prayed for private sector banks Retirees to extend Ex Gratia and another option for pension to resignees by utilising your proximity with the leaders and officers in the Government.

This is our appeal as a private sector bank Retiree and on behalf of them.

Regards 

Veera Reddy P 🙏 

Working President 

Kotak Mahindra Bank Pensioners' Welfare Association.

Mobile:9666680390