In case of our 100% DA Case in Honourable Supreme Court, Bank’s Learned Advocate argued that “The employer has a right to restrict the applicability of new benefits/improvements to future retirees and for that purpose the cut-off date of November 1, 2002, was in order.” I feel that this argument of Banks’ Learned Advocate may also mean that the right to make the applicability of new benefits/ improvements to existing or future retirees, is also with the Employer and to grant 100% DA to Pre-2002 Retirees with Prospective Effect, may be Right/ Policy Decision of Banks and the Banks are free to exercise this Right or to take such Policy decision.
Few days back, the Policy Decision of the Government to make applicable “One Rank One Pension” (OROP) to Defence Personnel (which is similar to our Pension Updation) was Uphold by Honourable Supreme Court.
I am having full respect for our Judiciary, its System and Honourable Judges. Many Respected Judges of Honourable Courts have delivered justice to People of India through their Judgements. We are grateful to these Honourable Judges and admire them always. These Honourable Judges are our Idols and they are having place of respect in our minds, forever. I feel that only due to our bad lack, we lost our 100% DA case in Most Honourable Supreme Court.
Pension Updation is going to happen when and only if Hon'ble Finance Minister Respected Nirmalaji Madam will walk her talk. Let us all pray to bring that day very soon.
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Most Humbly and with due respect, I request somebody to bring my following predictions to the kind attention of the Learned Advocate representing us in Hon'ble Supreme Court, so as to make proper pleading.In the last hearing of 25th January 2022, IBA's Advocate informed that the Chairman of the Special Committee for Pension Updation was retiring on 31st January 2022 and therefore they would reconstitute the Committe. Hon'ble Supreme Court allowed 3 months time and asked to submit the Report well before expiry of this period and in case final Decision cannot be taken by this time, Interim Report must be submitted. Considering past behaviour of IBA, I predict that in the hearing of 22 04.2022, IBA may put submission that " Mylord, instead of reconstituting the Committee, we have decided to settle the issue by discussing with UFBU, the process of which has already been started by holding meeting with UFBU on 13.04 2022. So kindly give us time upto November 2022 to complete the Process."The above is a trap because in November 2022, IBA may inform Hon'ble Supreme Court that since the Pension Updation matter could not be decided, the same may be settled along with 12th BPS, which process is started in November 2022 and the Pension Updation issue is included in 12th BPS . IBA may hide the fact that 12th BPS is expected to conclude only in the year 2025 or 2026.I request our Learned Advocate to plan a suitable strategy.--
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