AIBRF WRITE TO CHAIRMAN IBA ON 100% DA NEUTRALISATION ISSUE

[PM]

Dear Friends,

                                   After the meeting of General Secretary and Office Bearers of All India Bank Retirees Federation(AIBRF) with Chairman IBA,on 25th May 2015, on the day of signing 10th BPS, and as follow up measures of submission of Memorandum on that day,

GS,AIBRF has written further letter to IBA on 100% DA neutralization issue of pre 2002 retirees  vide Office Ref:2015/192,dated 02.06.2015,the copy of which is reproduced here under for information of all: 

 

 

 

Shri T.M.Bhasin

Chairman. Indian Bank Association ( IBA )

Mumbai.

 

 

Dear Sir

 

                 RE: OUR MEMORANDUM DATED 25.05.2015

 

We convey our sincere thanks for giving opportunity to AIBRF delegation to meet you and for receiving our memorandum dated 25.05.2015.

 

2. We are also thankful to the Chief Executive Officer Shri M.V.Tanksale for giving  hearing to the submissions made by the members of the delegation on retiree issues and his assurance to meet our representatives for further discussion.

 

3. In this regard we also refer to the Record Note dated 25.05.2015 issued by IBA under joint signatures of IBA and union representatives giving status on the various demands/ issues of retirees listed  therein.

 

4. One of the issues covered in this document is pending demand of 100 percent dearness allowance to the pensioners retired before November, 2002.

 

DEMAND OF RETIREES

 

As you know, concept of uniform dearness allowance to all categories of employees and pensioners was introduced under 8^th Bipartite Settlement effective from 1.05.2005. However, this benefit was not extended to those pensioners who retired from the bank service before November, 2002. Since then pensioners belonging to  this category have been persistently demanding the benefit of 100 percent dearness allowance as given to the post-November 2002 pensioners to remove discriminatory practice being meted out to them. However this demand remains pending and unresolved in last 10 years despite several representations submitted by AIBRF as well as by affected individuals. Unions under the banner of UFBU have also been raising the issues at different forums in support of the retirees.

 

 

 

IBA STAND ON THIS ISSUE AS PER THE RECORD NOTE DATED 25.05.2015

 

We find from the above document that IBA has come out first time with its stand officially on the issue of 100 percent  dearness allowance to the pensioners retired before November-2002  providing some basis to take this issue forward  for early amicable settlement through discussion.

 

In the Record Note, IBA has come out with the following stand on this issue.

 

1. “Firstly, the matter is sub- judice as certain cases on this issue are pending for a decision with the Supreme Court. As such IBA cannot take a decision on this issue at this stage.”

2. “From a humanitarian point of view, IBA may examine feasibility of providing 100 percent dearness relief neutralization to pre-November 2002 retirees based on a detailed costing exercise.”

    

   OUR SUBMISSION ON IBA STAND ON THE ISSUE

    

1. From the above, we are happy to note that IBA is ready to consider 100 percent dearness relief to pre-November 2002 on humanitarian ground.

    

2. As you know that this issue is pending for last 10 years. Those who are affected, they retired more than 13 years back. You will kindly agree that this period is fairly long. Inflation during this period has soared at phenomenal rate of 4000 percent affecting pensioners from this group adversely due to lower rate of compensation. Almost 40000 pensioners have left this world in the hope of receiving the justice on this issue. Remaining are financially suffering immensely. It is also pertinent to note that in RBI and government sector, genuine difficulty of the pensioners of this group affecting human value on this count was realised and appreciated by the authorities and since then this issue is resolved fully in these sectors. In case of the government, this benefit was made available under 6^th Pay Commission and in RBI in the year 2008 with retrospective effect from 2005. In view of this, we feel that it is the most befitting case to resolve the issue on humanitarian ground without loss of time.

    

3. Having accepted to resolve the issue, IBA has stated in the Record Note that it is unable to take decision in the matter in view of legal cases pending in the Supreme Court. In this regard our submission that once IBA has come out with the stand that the demand can be considered favourably at least on humanitarian ground and the petitioners are also fighting legal battle for grant of 100 percent DA only. Therefore after issuance of Record Note, both the parties are now on the same page. Retirees including petitioners are demanding 100 percent DA and IBA is ready to consider on humanitarian ground. However, if IBA feels that  some  specific issues need to be discussed and resolved to remove bottlenecks, AIBRF is ready for discussion with IBA. Some sort of settlement through discussion will be the best solution.

    

4. It will not be out of place to mention that in the past IBA approved and sanctioned some benefits to the retirees through wage settlement despite legal cases on these issues were pending in the court of law. One example of this nature is fixation of basic pension on index of 1684 instead of 1616 in the 8^th settlement to those retired between 1998 to 2002. Therefore we are of the view that the pending court cases on 100 percent DA should not come in the way of approving by way of settlement through discussion.

    

5. In Record Note, IBA has stated that detailed costing exercise is to be carried out to take final view on it. We appeal to IBA to carry out this exercise if needed expeditiously within fixed time. It should not be difficult in the present environment of technology were availability of data is not issue. Here we would also like to draw your kind attention that as per the communications issued by UFBU after rounds of negotiations with IBA, IBA had recommended to the government for approval of 100 percent DA in March 2014 itself. We believe that such recommendations must have been based on costing exercise only. If UFBU communications are correct , we do not think any fresh costing exercise in the matter is needed at  this stage. However if you feel that it is again required, we request you to  please complete it within targeted time.

    

6. We have certain data/ information regarding costing etc on this issue which we would like to share with IBA when we get opportunity to meet you .

    

   We now request you to hold discussion on this issue at the earliest as assured during our meeting of 25^th May 2015. We will be submitting separate memorandum on other issues of retirees mentioned in the Record Note for your consideration and discussion.

    

    

    

                     With Respectful Regards 

    

    

                                                              Yours Sincerely

    

    

                                                                ( S.C.JAIN ) 

                                                        GENERAL SECRETARY

                                                     

          

 

                                     

 

                                                           

 

 

[Mohandas Rao]

Dear Friends,

The request is nicely drafted. Now we have to be humble and cannot demand things as a matter of right  because the 10th BP is over. 100% DA neutralisation, if achieved, benefits only senior officers drawing pension retired before 2002. It will not benefit juniors and family pensioners. But, something is better than nothing. Uniform DA to all is a better option and updating of pension, the best. But, AIBRF is also helpless now. We have to place our demands one by one. The benefit can only be achieved if we agree for the date of effect, a prospective date, because of the 'cost factor'. The day-dreaming is over!

K. MOHANDAS RAO

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[R Balaji]

Why 100% DA issue alone is taken up?

Is it not a discrimination?

what about Pension Updation which will benefit all?

100% DA issue is already in the court in final stage

AIBRF must take up updation issue which will benefit all the pensioners instead of taking up only a small section

R BALAJI

KI SOLUTIONS/CAPRI

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[OM PRAKASH SHARMA]

GS, AIBRF has sent a wonderfully drafted letter to IBA on the issue of 100% neutralization of DA for Pre 2002 retirees.

I wish good luck for all the Pre 2002 retirees.

O.P. SHARMA

--

[bhaskara sarma]

Dear Mohandas Rao,

Cost factor is a lame excuse only.What is the percentage of increase in wage bill due to implementation of 100 percent DA neutralisation retrospectively.Compare it with dividends paid during the past 10 years.In fact provision for pension payment is a prior charge to Profits before declaring the dividends.The arrears burden is knowingly and deliberately accumulated by IB A.If it can not make payment in one instalment let them pay in two instalments.What about interest on arrears.The Govts and Managements cry foul over arrears and interest on arrears by wilfully denying the arrears for a very long time in spite of repeated representations.Since the entire burden may fall on it due to SC judgement,IBA suddenly recollected its humanitarian gestures.

With regards,

P B Sarma.

[Jaiprakash Goswami]

Dear Mr. Rao,

I could not understand the meaning of the phrase that it will benefit only senior officers retired before 2002 and not the juniors.  I think the juniors i.e. who retired after 1.11.2002 are already availing 100% neutralization.  Let this category come at par with juniors first and then other issues can be taken up.  Moreover, even IBA has shown its inclination to consider this disparity favorably for than once.  Mr. S.C.Jain is right in en cashing this inclination at the first available opportunity and decided to take up the other issues later.

With Regards,

Jai Prakash Goswami

[JSOMA SHEKARA]

We should wait till 30.06.2015. CHV and his partner IBA have claimed that 100% DA issue us  in court. The Hon.Judge of Kolkatta  High Court while ruling that denying 100% DA to Pre-2002 retirees is discriminatory has asked concerned bank to take a decision after consulting IBA and RBI. While it is clear RBI is unlikely to interfere  IBA need to take a decision. CHV who is against retirees going to courts now must convince IBA to accept HC verdict and not to go for appeal in SC. If IBA accepts verdict and implement DA from 2005 automatically case in SC becomes irrelevant.

CHV must understand that taking 100% DA issue  out of court is in their hands only.

[bhaskara sarma]

Dear Friends,

In fact 100 peer cent DA neutralisation for pre Nov2002 retirees is an artificially created discrimination.This was rectified by RBI and central govt long back retrospectively.Improvement in family pension is a long neglected demand.At the time of introduction of pension scheme ,family pension was fixed at lower level compared to central govt employees,with an assurance that improvements will be done in next BPS.Both these demands cost very little in total wage bill and both deserve Top Priority from Just and Humanitarian angles.UFBU made a mountain out of the mole hill and raised its hands after giving repeated assurances for the past 5 years.

Even Pension updation was done for those retired between 1986 and 1993.Then why our Great leaders did not insist for updation of pension in 1998.It is the greatest blunder committed by UFBU and irreparable Injustice to all the past retirees.When one positive practice is there is it not the duty of UFBU to insist for the continuance of the Positive feature in each and every BPS?

Originally pension burden is entirely to be borne by the Banks.If funds are not sufficient it is for the banks to provide out of profits each year.But our Great UFBU leaders have volunteered to share the pension cost as if they are paying out of their pockets.This is the greatest blunder committed by the Union leaders.From then on each and every employee was forced to shell out 50 percent of their wage increase towards pension funding.The most ridiculous part is non beneficiaries of pension fund were also asked to cough up.What is this Justice?

From then onwards for every small increase of benefit to past retirees,both IBA and UFBU are crying "Huge cost"

For including Resigned General Managers who are very well off otherwise,as beneficiaries there is no cost constraint.Both IBA and UFBU nodded their heads without any murmur.But there is a cost constraint to give benefit to resignee clerks,junior officers,exit optees etc.

In fact Pension funds are overflowing due to normal contributions and yield on funds invested.Still IBA cries that funds are not sufficient.

One General Manager in a reputed Pubic sector bank declared that Pension fund in his bank is so strong that it can meet all the commitments of pensioners including 100 percent DA neutralisation and updation for next 40 years.If one bank can do it why not all other banks.In fact now if there is any cost constraint it is nil or negligible.

There is another aspect of bungling in management of pension funds.The yield is 1 to 1.5 per cent less than that obtained on Govt of India bonds.The loss on this account itself may be from Rs 1000 to 1500 crores.If this loss is averted it will take care of both the demands of 100 percent Da neutralisation and pension updation.Neither union nor management representatives who are trustees of various pension funds are not bothered about the lesser yield but the same people are shouting from roof tops that pension funds are not sufficient to meet cost of 100 percent DA neutralisation to pre 2002 retirees and updation of pension to the past retirees.

There are some NPAs among investments of Pension funds.Who is responsible for these NPAs and who is made accountable for this?

Last but not the least ,there are just around 5000  PF optees yet to be brought as beneficiaries of pension fund.This also must be taken up on Top priority,whether they are our members or not since incremental cost is negligible.Many of such PF optees left this world out of frustration,humiliation and injustice meted out to them by their own trusted employee leaders.The pity is that these Resignees also made additional contributions out of each wage hike but no benefit accrued to them.

Our AIBRF leaders have all these facts and figures at their finger tips and  I am sure they will take care of all the Just demands of pensioners in one or two sittings .

With Regards,

P B Sarma.

[cpvnair]

RETIEE ORGANISATIONS STAND FOR ALL THE RETIREES.PENSION UPDATION BENEFITS ALL.IF DA NEUTR  ISSUE IS MENTIONED, the words pre 2002 RETIREES APPEAR.THAT's ALL. NO DISCRIMINATION!

 

 

Warm reg

 

 

CPVNAIR

1.      “Firstly, the matter is sub- judice as certain cases on this issue are pending for a decision with the Supreme Court. As such IBA cannot take a decision on this issue at this stage.”

2.    “From a humanitarian point of view, IBA may examine feasibility of providing 100 percent dearness relief neutralization to pre-November 2002 retirees based on a detailed costing exercise.”

 

OUR SUBMISSION ON IBA STAND ON THE ISSUE

 

1.      From the above, we are happy to note that IBA is ready to consider 100 percent dearness relief to pre-November 2002 on humanitarian ground.

 

2.    As you know that this issue is pending for last 10 years. Those who are affected, they retired more than 13 years back. You will kindly agree that this period is fairly long. Inflation during this period has soared at phenomenal rate of 4000 percent affecting pensioners from this group adversely due to lower rate of compensation. Almost 40000 pensioners have left this world in the hope of receiving the justice on this issue. Remaining are financially suffering immensely. It is also pertinent to note that in RBI and government sector, genuine difficulty of the pensioners of this group affecting human value on this count was realised and appreciated by the authorities and since then this issue is resolved fully in these sectors. In case of the government, this benefit was made available under 6^th Pay Commission and in RBI in the year 2008 with retrospective effect from 2005. In view of this, we feel that it is the most befitting case to resolve the issue on humanitarian ground without loss of time.

 

3.    Having accepted to resolve the issue, IBA has stated in the Record Note that it is unable to take decision in the matter in view of legal cases pending in the Supreme Court. In this regard our submission that once IBA has come out with the stand that the demand can be considered favourably at least on humanitarian ground and the petitioners are also fighting legal battle for grant of 100 percent DA only. Therefore after issuance of Record Note, both the parties are now on the same page. Retirees including petitioners are demanding 100 percent DA and IBA is ready to consider on humanitarian ground. However, if IBA feels that  some  specific issues need to be discussed and resolved to remove bottlenecks, AIBRF is ready for discussion with IBA. Some sort of settlement through discussion will be the best solution.

 

4.    It will not be out of place to mention that in the past IBA approved and sanctioned some benefits to the retirees through wage settlement despite legal cases on these issues were pending in the court of law. One example of this nature is fixation of basic pension on index of 1684 instead of 1616 in the 8^th settlement to those retired between 1998 to 2002. Therefore we are of the view that the pending court cases on 100 percent DA should not come in the way of approving by way of settlement through discussion.

 

5.    In Record Note, IBA has stated that detailed costing exercise is to be carried out to take final view on it. We appeal to IBA to carry out this exercise if needed expeditiously within fixed time. It should not be difficult in the present environment of technology were availability of data is not issue. Here we would also like to draw your kind attention that as per the communications issued by UFBU after rounds of negotiations with IBA, IBA had recommended to the government for approval of 100 percent DA in March 2014 itself. We believe that such recommendations must have been based on costing exercise only. If UFBU communications are correct , we do not think any fresh costing exercise in the matter is needed at  this stage. However if you feel that it is again required, we request you to  please complete it within targeted time.

 

6.    We have certain data/ information regarding costing etc on this issue which we would like to share with IBA when we get opportunity to meet you .

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[Mohandas Rao]

Dear Sri Sarma/Goswami,

I mentioned the "cost factor" when paying the arrears from a particular date if 100% DA neutralisation is to be agreed by IBA. For example, in my case if arrears is to be released from the beginning, I am entitled to receive an arrear of Rs.2,86,386.29 [which is my cumulative loss]. My monthly loss as on today is Rs.4,421.79.

Take the example of a pensioner retire during 2000-2001. For his first basic up to Rs.3,550/- there is a 100% DA compensation. All the family pensioners and sub-staff of that period fall under this category. Next slab 3551-5650 receive a little less percentage of compensation. Further, 5651-6010 still less and above 6010 [the senior officers] are compensated the least. This fact has been explained in detail several times in this blog with discussing 100% DA neutralisation. Please refer the attached chart, which is the latest.

K. MOHANDAS RAO

[Kavya Guntupalli]

well drafted representation

On Thu, Jun 4, 2015 at 4:20 PM, Jaiprakash Goswami <jaiprakash...@gmail.com> wrote:

[Satyanarayana Rao]

SHRI  MOHANDAS RAO  VIEWS R  NOT  CORRECT AS FOR AS 100% DA  REGARDING  DATE OF PAYMANT .AIBRF SHOULD NOT BUDGE AND COMPROMISE ON ANY ISSUES AND CAOSE LOSS TO RETIREES. WHEN WE STARTED FIGHTING INJUSTICE  CAUSED BY ALL SELFISH ELEMENTS  WE SHOULD NOT AIR  OUR  VEIWS  ON OUT COME OF MEETING WITH  IBA . LET US  FIGHT EVERY  ISSUE  AS IT DESERVES AND AS PENSION REGULATIONS  SPEAK. NO  COMPROMISE IN IMPLIMENTING  PENSION  REGULATIOS IN  LETTER AND SPIRIT . YOUR OPINION ABOUT ANY  ISSUE IS TO BE WITH IN FRAME WORK OF  PENSION REGULATIONS. LET US FIGHT . THE  COST FACTOR  ETC  ARE NOT  TENABLE ON OUR  JUST DEMANDS. LET US  FIGHT   AND FIGHT TILL WE  REACH  AND  REALISE  OUR  JUST  AND RIGHT  DEMANDS.

[lakshmanan shankarnaraynan]

The denial of 100% DA neutralisation to pre Nov2002 retirees is an anomaly which has to be corrected and the cost factor should not come into the picture. Moreover it is just an extension of the benefit to a section of retirees who have been denied the same due to deliberate discrimination on the part of IBA duly endorsed by UFBU.

S.Lakshmanan

[Dorai Krishnamurthy]

How can CHV be against retirees? He himself is a retiree.  I do not know why he behaved like this and gone back against his own commitment.

K. Dorai

[ganpat dhond]

  Excellent   representation  by GS AIBRF. We all,pray god that this issue resolved to the satisfaction  of all retirees.  It strange that we do not find such any  strategy from  other organisation  controlled by AIBOC

---

From: Kavya Guntupalli <kavyagu...@gmail.com>
To: "bankpe...@googlegroups.com" <bankpe...@googlegroups.com>
Sent: Thursday, June 4, 2015 5:23 PM

Subject: Re: bankpensioner AIBRF WRITE TO CHAIRMAN IBA ON 100% DA NEUTRALISATION ISSUE

[Ramachandran Menon]

The mention of the relationship between the bank and the pensioner as not on contractual basis etc has already created ripples in LIC, RBI and other CG organizations. This is required to be straightened out. UFBU has put so many pensioners and their own members into difficulty. Since they are the signatories of the note they cannot ask for correction of the mistake.  Hence I request AIBRF when they meet IBA next, get it corrected and be it so incorporated in the minutes. 

Ramachandra Menon

[Nagaraju Kakani]

Dear Sir,

While discussing the cost factor on 1000% DA neutraliasation,out of the the whole lot of Pre 2002 eligible pensioners,good many may be in the 2 nd Option Pension group. For them ,the arrears will be only from 2009 only but not either from the date of retirement or from 2005.So if we take this also into consideration,the cost factor on this score may not be that much as all we predict. 

I am also a 2000 Dec SVRS retiree from BOI, but opted for pension in the 2 nd Option in 2009.So if arrears are paid on approval of the above, the arrears for me will be only from 2009 Nov.

Nagaraju Kakani,

BOI 2000 SVRS/ 2nd Option Pensioner.

On Thu, Jun 4, 2015 at 8:31 PM, 'ganpat dhond' via bankpensioner <bankpe...@googlegroups.com> wrote:

[OM PRAKASH SHARMA]

I agree with the above suggestions. We should not make any compromises now and fight back vigorously.

O.P SHARMA

[HEMANT DESAI]

Dear Friends. I agree with Mohandas Sir that now we need to accept benefits one by one. The one which is available first should be accepted fast so our list of demand will get reduced and large no of pensioners will get satisfied. Hemant Desai


09322272114-09833587416

From: "Mohandas Rao"mohand...@gmail.com
Sent:Thu, 04 Jun 2015 15:56:16 +0530
To: "bankpe...@googlegroups.com" bankpe...@googlegroups.com
Cc: "mohan p"moha...@gmail.com
Subject: Re: bankpensioner AIBRF WRITE TO CHAIRMAN IBA ON 100% DA NEUTRALISATION ISSUE

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[Gopalakrishnan Ramachandran]

The fact is that 100%da is not a new thing and it is only an anomaly, which should be set right. However updation is a new benefit to be introduced, which requires further discussion. The clouds regarding 100%da can be hopefully cleared as the IBA is also inclined to consider it on humanitarian ground. Only aspect is that they should decide fast, as we are losing patience. The cut off date of June 30, however, will be the deciding factor!

G.Ramachandran
CB-SVRS.

[pady nabs]

Dear Mr.Mohandas,

They have not so far opened the topic/   Why we should fix benefits of 100% D.A. from prospective dates.   It shows our weakness.  Already court cases are in retirees favour.  Let our leaders try to speed up the cases to get a solution,

padmanabhan svrs.2001 i.b.

[PM]

Dear Mr Padmanabhan,

                                                               Sri.Mohandas Rao has only conveyed  his views on the subject matter of 100% DA  to pre 2002 pensioners in a 

strait  forward manner. Mr.Rao  or for that matter no body can fix 100% DA neutralisation from a prospective date where IBA it self has not discussed the subject matter with employees unions on reasons stated by them in Record Notes.

                                                               First and foremost point is calling a meeting of retirees organisation by IBA for discussing their long pending issues.

Once retirees establish a platform for discussion  with IBA with a time schedule, ,that it self will pave way for resolution of our issues. So far it is not happened. Let us hope that it may happen. It is a fact ,that, without concurrence of member banks and specific mandate from each of them to discuss and resolve issues with Retirees Organisations IBA may not fix meeting with retirees organisations to resolve the issues.

                                                               Appeal is pending before Hon Supreme Court against the favourable court verdict of Chennai High Court on 100% DA issue. Kolkatta HC verdict is also is in favour of pensioners. It is also a fact that no body can predict the verdicts of courts. We hope it would come in our favour. In such case court may allow the benefit from retrospective effect.   It is also to be noted here that  only court will allow it  and not under out of court settlements.

                                                                Whether we like it or not these are bare facts. Let us not take very seriously the comments of IBA such as "humanitarion point of view" etc now. 

                                                                 If that would have been their real intention, their concerned member banks would not have proceeded with Appeal against Chennai HC verdict before SC on this issue. 

                                                                 Retirees organisation has to take up all the long pending  issues of retirees with IBA and it cannot be expected that IBA will sort out retirees issues one by one.Pension is our right and any absurd arguments of IBA in this regard, has to be ignored and get it corrected by Retirees Organisation first.

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[L S RAMAN]

There is no question of charity or  any form of humanitarian reasons for extending and or improving pension to the pensioners.!00 % D.A. is a legal right to claim arrears with interest as per the constitutional provisions against discrimination, and the various judgements of the hon Supreme court of India , defining law concerning pension payment in PUBLIC Sector undertakings.

There fore there is no question of accepting any via media in terms of so called negotiations since there adequate provision in the pension fund and the IBA can not be too clever in denying any facility on account of paucity of funds.

in fact IBA and the UFBU have cheated the pensioners behind their back and this joint note is yet another attempt to conceal facts to betray lakhs of pensioners  left ui the lurch on account of such nafarious activities..It is surprising that two of the top management functopnaries have signed such anote revealing total ignorance of the law of the land and the H.R.Issues concerning provisions in the balance sheet.

Dr.Raman.L.S.

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[OM PRAKASH SHARMA]

I agree With Dr. Raman.

O.P.SHARMA

[pady nabs]

Respected P.M.Sir,

I have seen your reply  for the letter addressed to Mr.Mohandas.   Your reply is quite correct, but vague.

The reason, IBA on consultation with member banks views only, will go to the next step.   Our leaders are also not firm whether IBA will call on us for a fruitful discussion.

Reference g.s. letter of 4.6.2015 to all affliated units to conduct action programmes.   And our Calcutta and Bangalore unit alone found a place in conducting meeting ecoh our voice.   Out of more than 30 states , it is deplorable note only 2 states have obliged to conduct protest programmes.   Sir, it is high time unless grass route members are motivated, it is difficult to strengthen the organisation.   Strctly advise district committes to act swiftly in conducting meeting and eloborate the deliberations.

Once I thank you for treating my mail to mohandas in a good sence clear my doubts.

padmanabhan i.b.svrs.2001, tirunelveli.   local unit is waste

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[lakshmanan shankarnaraynan]

Chennai HC (Division Bench) has given an adverse judgement for pensioners on 100%DA neutralisation. It has set aside the judgement of the single judge. An appeal in SC is pending.

S.Lakshmanan

[lakshmanan shankarnaraynan]

We require a strong and very effective defence by engaging an eminent lawyer.

S.Lakshmanan

[Metlapalli Sharma]

please provide full information

[Rishikesavan Sadhasivan]

The record note is not a valid and cannot enforce the past retirees since the pension act was enacted after pre notifying the pension policy to all trade unions in 1993. It was mentioned in the policy document that the pension concept is as per RBI pension. Under these Circumstance's they cannot talk about the CONTRACTUAL RELATIONSHIP BETWEEN BANKER AND RETIREES. RISHIKESAVAN. IB VRS2001 Sent from Yahoo Mail on Android From:"Ramachandran Menon" <ramachan...@gmail.com> Date:Fri, 5 Jun, 2015 at 1:03 pm

[JSOMA SHEKARA]

Some members in this blog has misread the letter written by AIBRF to IBA. It is clear by now that by signing Record Note UFBU has washed of its hands from responsibility of negotiating on behalf of retirees.

It is also not secret that present Government is not in favour of senior citizens in General and Pensioners in Particular unless they considered them as vote Bank. LIC Pensioners have met FM personally as well as through ministers and other dignitaries FM has promised that he will talk to Chairman of LIC. However instead govt is opposing their case in SC. FM is also not responding to efforts of Governor of RBI. We are aware that more than 5000 letters have been dispatched to Finance Secretary apart from AIBRF meeting them personally.
They have not evven have courtesy to acknowledge letters.

Under the circumstances only option left for retirees is legal option which definitely give results but takes considerable time but has to be pursued consistently.

In this scenario if channels are open for direct dialogue with IBA it is most welcome and nothing wrong in it.

Pension Option to left overs is asettled issue. With some persuation IBA may extend SC verdict to all. Like wise 100% DA also  can be solved if IBA agrees for arrears from some back date.

AIBRF has not given any assurance to IBA that cases in this regard will be withdrawn and insisted that discussions can be continued even while cases pending in courts.

So apprehensions in this regard is unwarranted. Let discussions begin and let us watch attitude of IBA then we may resort to other options.