Re: Digest for bankpensioner@googlegroups.com - 15 updates in 6 topics

243 views
Skip to first unread message

vaidya nathan

unread,
Jan 4, 2024, 11:14:38 PM1/4/24
to bankpe...@googlegroups.com
Insufficient salary and Pension.

Ex SBI Chairman has expressed his difficulty to manage his  home during service and also after retirement.   28  lacs is insufficient to run a family on comparing with  other Private Bank  CEOs .  Comparision always causes pain and Disappointment.  A pension of 1 lac is insufficient to get a home after retirement. What an ambition in life at 60 onward.  Perhaps he has not come across people living in  huts and roads, and also Happy.  Happiness does not come from Outside, But from Within.   Surprised  to read such an expression from a Top Brass.

On Thu, Jan 4, 2024, 4:28 PM <bankpe...@googlegroups.com> wrote:
PM <moha...@gmail.com>: Jan 03 05:11AM -0800

Dear Friends,
 
Sri.Prasadji, has given a befitting reply in detail to owner of referred
youtube channel,on baseless comments made on views of Shatayu, supported
as usual by factual/legal position.Good thing.
Unfortunately it is fact that,social media around us(most of them) are
misleading retirees with baseless information,just to increase their
channels viewership and earnings.
In fact such channels are exposing their ignorance in matters where they do
not have any basic understanding!
On Wednesday 3 January 2024 at 09:52:30 UTC+5:30 SBMPC Blore wrote:
 
Rama Prasanna <mkrpr...@gmail.com>: Jan 03 10:01PM +0530

Is it possible for any one to produce documents having retired under 202
volunteer retirement scheme.what about.cumpulsory retirement and FIRs filed
with Indira Nagar police station Bengaluru
 
Satyanarayana Rao <karna...@yahoo.co.in>: Jan 03 08:10AM

This gentleman is always given wrong interpretation of issues and projecting himself as authorised spokesman of  bank retirees. You have suitably countered his misinformation. with all details involved in pension updation vice versa implications of court verdicts and constitutional issues under article 14 and 16.
 
Sent from Yahoo Mail on Android

On Wed, 3 Jan 2024 at 9:52, SBMPC Blore<sbmpen...@gmail.com> wrote: Dear Shri Amiya Kumar Mishra,
We are attaching a copy of the letter addressed to you.  This is in response to comments you have made in your YouTube Channel regarding what was published therein.
In case you need any more information, please feel free to contact us.  But, please stop posting videos, many of which are promoting falsified information.  We do understand that you are also a Bank Pensioner.  Instead of making efforts to increase subscribers of your channel, thereby enhancing monetary benefits, out of such an endeavor does not bring credibility. 
Thanking you,
With regards,Prasad CN
 
--
Visit our blog site http:://bankpensioner.blogspot.com
---
You received this message because you are subscribed to the Google Groups "bankpensioner" group.
To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com.
To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CALXgLCFUL8XNbvVaOTXHkt3YZ0od9RKyNSan7%3D3dDpdmeyTjeA%40mail.gmail.com.
Niranjan Cn <niran...@gmail.com>: Jan 03 06:55PM +0530

Sirs
 
Unfortunately the YouTubers are unchecked and speaking all non-sense
without any basis. To increase viewership blame UFBU, IBA, etc.
 
I have also sent series of questions to Mr Mishra who has not dared to
answer even one.
 
Niranjan
 
JSOMA SHEKARA <jsomase...@gmail.com>: Jan 03 07:11PM +0530

There are a number of such youtube channels other than one pertaining to
Amiya Mishra. These youtube channels are there only to make money
exploiting the eagerness of pensioners to get some status about our issues
as authenticated news is not shared by UFBU/IBA.
I doubt whether some of the owners of these channels belong to the
Banking Industry.
They attract viewers by caption GOOD NEWS FOR BANK PENSIONERS
But their content is nothing but reproducing circulars issued by
UFBU/AIBRF/AIBPARC.
Most of these channels are copying messages posted in this forum and
publishing it as their own.
 
Niranjan Cn <niran...@gmail.com>: Jan 04 10:53AM +0530

Sirs,
 
Not only that - without understanding - they pass irrelevant /unfounded
comments. One Agenda of these channels is clear - Blame UFBU, IBA, etc and
make Pensioners happy further instigate the pensioners by they have been
cheated again and again. Many of our fellow pensioners believe that You
Tubers are right and well wishers of Pensioners.
 
Niranjan
 
On Thu, Jan 4, 2024 at 10:01 AM JSOMA SHEKARA <jsomase...@gmail.com>
wrote:
 
mohan p <moha...@gmail.com>: Jan 04 11:22AM +0530

Dear Friends
 
It seems the word ‘OROP' is dearer to bank retirees (at least for few)
while they speak out on Updation of Pension or even on proposed Ex-gratia!
 
Earlier we found that,the above word’OROP’was attributed in the name of
Hon.Finance Minister,Nirmala Sitaraman.
 
We know that,she never spoke that word in her speech or interview while
expressing her concern on resolving bank retirees long pending
issues.Still many have found repeated the word in messages and letters
sent to MOF etc!
 
Once again the word has emerged through the reported dialogues of Convenor
of UFBU!
 
*“The formula and quantum will be finalized in coming days, It may be
decided as per the OROP basis.”**
 
(*Reply given by Convenor,UFBU,while meeting AIBRF delegation on 1.1.24)
 
What is OROP?
 
Under Armed Forces, One Rank One Pension implies that uniform pension be
paid to the Personnel retiring in the same rank with the same length of
service regardless of their date of retirement. Thus, OROP implies bridging
the gap between the rate of pension of the current pensioners and the past
pensioners at periodic intervals.
 
In bank pensioners case, Updation of Pension has not happened so far.MOU
signed by IBA-UFBU on 7th Dec'23 is on allowing Ex-gratia to all retirees.
 
The reply of Convenor may be taken only as general in nature.
 
In the absence of Updation of Pension with any formula,it may not be
possible to bring parity with pensioners under 12th BPS/JN period .Forget
about OROP!
 
Let us exam live examples:
 
If pension of a person retired under 5th /7th BPS period has to be
brought under 11th BPS level if he/she continued in same scale it may be as
follows:
 
Current Pension
 
5th BPS. 7th BPS. 11th BPS.
 
BP. 2600. 7880. 41335.
 
DR. 36059. 34023. 18287
 
______ ______ _______
 
Total.₹*38659.₹41903. ₹59622.*
 
For Parity.Diff/Gap.5/7th ₹ *20963/₹17719*
 
From the above it can be seen that only under Updation of Pension with a
formula all pensioners can be brought on same level.As discussed earlier,
even for payment of Ex gratia a single uniform platform is required and so
merger of CPI at 8088 points too may have to happen.
 
Though there cannot/may not be a parity,in pension, at least if the
proposed Ex-gratia is based on a principle where more compensation( at
least 50% of above shown gap) is allowed to 5th ,6th,7th &8th and lesser to
9th & 10thBPS pensioners same may be to certain extend reduce the gap in
parity.( Here if we take corresponding BP,under 9th /10th BPS)the actual
difference in pension may come around ₹5000 and ₹2000 and naturally Ex
gratia may too become less for that category )
 
Let us wait for final version on Ex gratia which may be in black and white
shortly.
Ramani Konnayar <knra...@gmail.com>: Jan 04 12:12PM +0530

I think, by OROP basis, the convenor might have meant that the ex-gratia
would be at the maximum rate (on basic pension) for the 5th BPS retirees
and gradually taper down to the minimum rate for the 11th BPS group. As
pointed out by you, if the ex-gratia narrows down the gap between each
group and the 12th BPS group to an extent of, at least, 40 to 50%, it would
give reasonable satisfaction to the pensioners for the present.
 
The original line of thinking of UFBU was to take up the case of 5th, 6th
and 7th BPS groups for updation first as they had suffered for many years
due to non-updation as well as tapered DA and their remaining life span is
much less than the latter groups. They felt, those under 8 to 11 BPS groups
could wait for some more years. However, UFBU was forced to change its
stance and demanded updation for all and this led to the concept of
ex-gratia.
 
 
mohan p <moha...@gmail.com>: Jan 03 05:15PM +0530

For Information:
 
The case No.SLP 5561/2016 filed by late M C Singla & Ors v/s Union of India
& Ors before Apex Court on updation of pension is :
Tentatively case may be listed on *(likely to be listed on)* 01-03-2024
(Computer Generated)
JSOMA SHEKARA <jsomase...@gmail.com>: Jan 03 10:07PM +0530

SBI Ex-Chairman says Bank Employees get so less salary that they can’t
even purchase home
 
In a podcast interview, former SBI Chairman Rajnish Kumar said that he
received Rs.28 lac as Chairman of SBI. This salary is very less when
compared to the salary recived by private sector banks MDs and CEOs.
 
The CEOs of private banks received approximate salary of Rs.10 crore per
year while the Chairman of India’s largest Public Sector Bank recieved
salary of Rs.28 lacs per year.
 
*Mr. Rajnish Kumar said that not only the salary but the pension is also
very less. He gets around Rs.1 lac as pension and it is very difficult to
afford the lifestyle that he is used to while being the Chairman of SBI.*
 
*It is so less that it’s not possible to purchase home with this much
pension amount. He also said that the employees in private sector earn a
lot of money and can even earn in crores while working for only one hour.*
 
He said that the amont of pressure in banking is severe and is increasing
day by day but the salary is very less. He said that he got a lot of
allowances while being Chairman of SBI such as grand bungalow in Malabar
Hills, Car worth Rs.30/40 lacs and many more.
 
 
 
 
Anantharaman Tg <tganant...@gmail.com>: Jan 04 01:20PM +0530

It seems now the ex-SBI Chief realise the facts!
 
There is a saying that one knows the pain only
when he too gets it!
 
 
 
 
On Thu, 4 Jan 2024 at 10:03, JSOMA SHEKARA <jsomase...@gmail.com>
wrote:
 
kds nair <sasidhar...@gmail.com>: Jan 04 10:26AM +0530

Where is Mr Rajnish Kumar now?After retirement,he joined in Reliance with
high perks.A good house in a decent locality of Mumbai costs more than 20
crores .How an ordinary bank retiree can purchase such a facility?What for
Rajnish Kumar is brought into our chats?
 
On Thu, 4 Jan, 2024, 10:03 am JSOMA SHEKARA, <jsomase...@gmail.com>
wrote:
 
Rajender Sharma <rajender...@gmail.com>: Jan 03 05:58AM -0800

Sir,
Pending decision in the M C Singla case by the Supreme Court, our retiree
organizations must strive and impress upon the United Forum to decide
the formula for calculation of Ex-gratia on the same terms as applied to
RBI retirees in granting updation .They should also keep their options
open to take legal recourse if the case is decided by the court in favour
of the retirees,.
R.K.Sharma
 
On Wednesday, January 3, 2024 at 9:52:29 AM UTC+5:30 Ramani Konnayar wrote:
 
mohan p <moha...@gmail.com>: Jan 04 06:18AM +0530

As per information available:
 
​Dated 03.01.2024 :
 
It is reported that the next negotiating committee meeting with the
representatives of UFBU will be on the Thursday 11th January 2024 .
The meeting will be held in their Mumbai office .
​
In the previous meeting held on 7th , December 2023 , IBA and UBFU had
inked a Memorandum of Understanding ( MOU ) for a pay hike of 17 % .And
on payment of Ex gratia to all pensioners.
mohan p <moha...@gmail.com>: Jan 03 05:30PM +0530

<https://airbiopf.org/>
 
 
RBI RETIREES:
 
As we bid farewell to 2023 and step into the new year, a wave of mixed
emotions washes over us. For retirees from both the Reserve Bank of India
and other banks across the nation, it’s been a year marked by loss of many
dedicated and reliable leaders and workers in the industry, our colleagues
and bank retirees. Nevertheless, we witnessed significant victories with
renewed hope for the bank retirees in the future.
 
*Paying Homage to Retirees from RBI and Other Banks in India*
First and foremost, we must pay our deepest respects to those dear members
and retirees who have left us for their heavenly abode. Their absence
leaves a void, but their memories shine on, a testament to the lives they
lived and the contributions they made to our community. Their contributions
to the banking industry will always be remembered. Let us carry their
legacy forward with pride and continue the fight for the rights and
well-being of all Bank retirees.
*An Eventful Year for RBI Retirees*
Looking back, 2023 has been a year of achievements for RBI retirees. The
revision of pension, effective June 2023 <https://wp.me/p2GNlL-12e>, stands
tall as a milestone. After months of dedicated efforts by our associations
and groups, and with the positive support of the top management, we finally
witnessed the implementation of updated pensions, an event previously
delayed much. This wouldn’t have been possible without the collective
perseverance and unity of our community.
We express our heartfelt gratitude to everyone involved in making this
dream a reality.
*Revised Family Pension*
Moreover, Family Pensioners received a long-awaited revision, extending its
benefits to families of those who passed away while in service pre-1997. This
revision, effective June 2023 <https://bit.ly/3NPCWmf>, also addressed the
shortcomings of the 2012 pension update, resulting in significantly
improved increases for our families. These changes bring immense
satisfaction and financial security to our loved ones, a well-deserved
recognition of their sacrifices and contributions.
This is a matter of satisfaction for the family pensioners as their
increase estimates now varies from 25% and above.
*Updating of Pension in Other Banks.*
Bank retirees agitating for their demands
 
As we step into 2024, our gaze is firmly fixed on the horizon, filled with
anticipation for progress in other banks. The upcoming culmination of the
updating process for other banks, as agreed upon in December 2023, offers a
beacon of hope <https://bit.ly/4aBF7nv>. We fervently await this critical
development, confident that it will bring much-needed relief and financial
stability to Bank retirees across the nation.
*Updated Pension for RBI Pensioners*
Within RBI, the anticipation for updated pensions and family pensions posts
the expected new wage settlement (November 2017-22) fuels our optimism. We
expect these revisions to come into effect by June 2024, further
solidifying our financial security and social well-being.
*Conclusion*
Overall, 2023 has been a year of significant strides for Bank retirees. We
witnessed the power of collective action, secured major victories, and laid
the groundwork for further progress in the coming year. As we enter 2024,
let us carry the spirit of resilience and unwavering determination.
Here’s to a brighter future, filled with hope, prosperity, and a
well-deserved recognition of the valuable contributions retirees have made
to the banking sector.
Wishing you all a Happy New Year, filled with good health, happiness, and
financial abundance!
And wishing a new era for bank pensioners!
 
-AIRBIOPF
You received this digest because you're subscribed to updates for this group. You can change your settings on the group membership page.
To unsubscribe from this group and stop receiving emails from it send an email to bankpensione...@googlegroups.com.
Reply all
Reply to author
Forward
0 new messages