ATTACHED HEREWITH, PLEASE FIND, RESPECTED FRIENDS, LATEST AIBRF CIRCULAR ON ACTION PROGRAM FOR PENSION UPDATION.... THANKFUL REGARDS. SOUMITRA MUKHERJEE. CANBANK VRS. KOLKATA.

[Soumitra Mukherjee]

AIBRF on _pension_updation-_action_program (1)

[Srinivasa Murti Devulapalli]

MY DEAR FRIENDS,

WHEN IT COMES TO SHOWERING BENEFITS / CONCESSIONS TO BIG 

INDUSTRIAL TYCOONS, NO PAUCITY OF FUNDS.....

BUT THERE IS NO MONEY TO PAY THE LEGITIMATE PALTRY DUES 

PAYABLE TO BANK RETIREES WHO ARE HARD HIT BY INFLATION.......


"ROB  PETER TO PAY PAUL" - THIS IS THE PHILOSOPHY OF THE 

MOF/IBA/UFBU....... 

 

The following  news item pertains to writing off bad debts of Rs.35,000/- crores  of various power generating companies belonging big Industrial Houses of the country - A proposal by SBI is accepted by the Govt.of India. ( any Tamil knowing friends can translate for the benefit of all )

But when it comes to payment of legitimate benefits due payable to bank retirees, the MOF/IBA/UFBU says there is no money!!! 

What an irony....??  

https://drive.google.com/file/d/1-vxviwlT4Uxvjs2bloPStmHe8BQJT2-y/view?
usp=sharing

DURING OUR LONG JOURNEY OF CRUSADE FOR JUSTICE, MANY OF OUR COLLEAGUES HAVE ALREADY ATTAINED THEIR “HEAVENLY ABODE”  AND WE STILL REMAIN WAITING FOR OUR TURN TO MEET THEM WITH ONE FOOT IN THE GRAVE !!....”  

 

With Greetings and Regards,

“|| यतो धर्मस्ततो जयः ||” IS THE ULTIMATE......

I Remain - Yours,

 దేవులపల్లి శ్రీనివాస మూర్తి /Devulapalli Srinivasa Murti 

9989318300 (Whatsapp)

On Mon, 8 Apr 2019 at 09:34, Soumitra Mukherjee <soumi...@gmail.com> wrote:

AIBRF on _pension_updation-_action_program (1)

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d s murti

[NSS]

Friends

I have enclosed a copy of the RBI Pension Regulations. Clause on Pension Updation is not available in the Regulations. Therefore the statement of Mr.S.C.Jain that RBI Pension Regulations contain provision for updation is wrong. Our Pension Settlement (Small Committee Minutes) contains a clause on updation. It was agreed between IBA and Unions/Associations that updation of pension will be done in consonance with the formula for updation applicable to RBI pensioners. It is true that this clause was not included in the Pension Regulations adopted by Banks. However this non inclusion will not affect our right to get updation. IBA/Govt. committed the omission clandestinely and unilaterally. Before omitting the clause Retirees should have been informed through Circulars that some of the agreed clauses in the Settlement (updation and DA, both in consonance with RBI formula)are being omitted, which would have enabled the employees to review their decision to join the Pension Scheme. This was not done. We are all aware that when the Five year notional service was denied to VRS optees without giving them the opportunity to review their decision of availing VRS, the denial was declared illegal by Courts. The same logic and reasoning applies in the case of updation and 100% DA also. Therefore we are legally entitled to get updation. It is surprising that Unions/ Associations are not demanding updation on the strength of the agreement.

While welcoming the proposed agitations, I request AIBRF to monitor the progress in the updation appeals which are in an advanced stage in Supreme Court. An unfavourable decision in the Supreme Court  will be the end of the road as far as updation is concerned. Appeals are not being pursued diligently. The passage of the appeals in the last one year was highly unsatisfactory. AIBRF cannot wash its hands off by saying that the petitions were not filed by it or by claiming that it is the policy of the organisation not to seek Court intervention. Protecting the interests of the  members is the ultimate goal of the Federation and all the policies should sub-serve this ultimate goal. I hope AIBRF will do everything possible to protect the interests of Pensioners.

Regards

N.Sankarasubramanian  

[Sureshbhat M]

DEAR FRIENDS

 BUT UNDER BANKING INDUSTRY WE NEED TO ASK FOR UPDATION ON EVERY NEGOTIATION AND NOT TO SEAL THE TIME LIMIT UP TO 2012.

IT MEANS ON SETTLEMENT AS OF NOV 2017 PENSION SHOULD ALSO BE UPDATED PROPORTIONATELY TILL OCT 2017.

ORELSE THE RETIREES NEED TO KEEP FIGHTING ON FUTURE DATES ALSO

SURESH BHAT M

    

On Mon, Apr 8, 2019 at 9:34 AM Soumitra Mukherjee <soumi...@gmail.com> wrote:

AIBRF on _pension_updation-_action_program (1)

--

[GUNA]

Role of AIBRF

The contention in the recently released circular by AIBRF that updation of pension to RBI Retirees was possible because of combination of factors such as Retirees, cooperation and understanding of serving employees and the helping attitude of RBI Board including their Governors past and present from Mr Raghuram Rajan to Mr Sakthikantha das, conveniently ignoring/undermining the importance of  the long drawn legal battle relentlessly pursued by RBI Retirees at the alters of Bombay high court and subsequently in Supreme Court, is nothing but travesty of Truth and a classic case of escapism from the avowed role of protecting the interest of Bank Retirees.

Let us not forget that the Govt. of the day has no other option but to approve the decision of the RBI Board to grant updation of pension to RBI Retirees in the light of observations of Courts of Justice.

In the absence of collective bargaining and the one and only weapon called power to Strike, Bank Retirees are left in lurch with the only option of submitting and prostrating before the corridors of power whether it be Govt./IBA or UFBU or approaching legal remedy through Courts of Justice for a honourable and satisfactory settlement/solution.

I am pained to observe why all Apex Organisations of Bank Retirees are shying away from  the  legal course as an effective and justifiable instrument to find the settlement to Issues. There was a TIME when AIBEA had faith in the inherent strength of its membership and approached the path of Struggle with the powerful weapon called STRIKE instead of standing in the beeline of Queue  of Court cases.

None of the Organisations of Bank Retirees has the stature of THEN AIBEA and its Leadership at that particular point of TIME, to take such stand to shun legal process.

Time and Again I am writing under this column that none of the major issues whether it be of adding weightage of  5 yrs for calculation of  pensionable service  to VRS Retirees or the settlement of anomaly on the issue of 1616 -1684 Index point were settled by either UFBU or so called Apex level Bank Retirees Orgns. Those issues were taken by well meaning individual litigants and/ or small organisations  and successfully won court cases to get relief to lakhs of Bank Retirees, only because of the failure of AIBRF to identify and settle issues, as a primary Organisation claiming to exist for 25 yrs and celebrating its Silver Jubilee or lest AIBRF list its achievements over a period of 25 yrs of its existence apart from conducting conferences.

Above all under what authority or moral grounds  Apex orgns. AIBRF/CBPRO and UFBU combine advise the litigants viz., UBIRWA and others to desist from filing CURATIVE PETITION on the issue of 100% DA Neutralisation to pre Nov 2002 Retirees until such TIME the 11th BPS is signed, when there is no sign of settlement because of the ongoing Impasse/Tussle with no bearing on significant/fundamental issues between AIBEA and AIBOC while rest of constituents are merely dumb spectators in the event.

Under the circumstances Bank Retirees have no other option but to agonise because of the inept handling of matters by leadership of Bank Retirees Orgns. Solutions are far away and is not visible unless there is a paradigm shift in the thinking of the leadership of Retirees Orgns. which is just next to impossible for they were trained like that.

Without any offense to Individuals and all Regards

GUNASEKHARAN R

Ex-CANARA

 

--

[Srinivasa Murti Devulapalli]

My Dear Friends,  

"IS THE JUGGLERY OF SBI MEANT ONLY TO FOOL THE PUBLIC..?"

WHY AT ALL THE BANKS NEED TO STEP INTO THE SHOES OF THEIR DEFAULTER..?
Why the connivance of lenders including SBI..??

My Dear friends, Quite obviously anybody would get the same doubt like me, after going through the following episode:

https://drive.google.com/file/d/1jKzZpcjXC6mJ-m8K_jJHdAIr7qKf46iY/view?usp=sharing

WHEN IT COMES TO SHOWERING BENEFITS / CONCESSIONS TO BIG INDUSTRIAL TYCOONS, NO PAUCITY OF FUNDS.....

BUT THERE IS NO MONEY TO PAY THE LEGITIMATE PALTRY DUES PAYABLE TO BANK RETIREES WHO ARE HARD HIT BY INFLATION.......


"ROB  PETER TO PAY PAUL" - THIS IS THE PHILOSOPHY OF THE MOF/IBA/UFBU.......   

DURING OUR LONG JOURNEY OF CRUSADE FOR JUSTICE, MANY OF OUR COLLEAGUES HAVE ALREADY ATTAINED THEIR “HEAVENLY ABODE”  AND WE STILL REMAIN WAITING FOR OUR TURN TO MEET THEM WITH ONE FOOT IN THE GRAVE ..!”  

--                                                                                          

 

With Greetings and Regards,

“|| यतो धर्मस्ततो जयः ||” IS THE ULTIMATE......

I Remain - Yours,

 దేవులపల్లి శ్రీనివాస మూర్తి /Devulapalli Srinivasa Murti 

9989318300 (Whatsapp)

--

d s murti

[Satyanarayana Rao]

SriGunasekharan .Your un biased views on the role of retirees organisations and the conviction and commitment of UFBU in perusing our issues are thought provoking .It is not prudent to put two legs on different ships to reach the destination.We have to choose eaither  to fight our issues through court or through negotiations with the involvement of  UFBU.Under present circumstances the retirees organisations are pinning its hopes on the negotiating team of UFBU leadership to settle the retirees issues in111th bps. This time both AIBEA and AIBOC are taking interest in finding solution to our long pending issues in the background of RBI retirees pension updation .Time is running out .The ordinary members are eagerly waiting for improvement in pension scheme. The 11th bps will give the answers to all our doubts .Let  us wait for final conclusion of the settlement which will conclude once the  new government is formed and settled. 

[Nagaraju Kakani]

	RBI UPDATION FORMULA:	EXAMPLE	K.NAGARAJU
	A) FOR THOSE WHO RETIRED BETWEEN 1-11-1997 AND  30-10-2002 ( OUR 7TH BPS PERIOD)		2000 SVRS/ 2009 Pensioner
1	BASIC PAY ON RETIREMENT	200	17266
2	BASIC PENSION AT 50%	100	08633
3	COMMUATION OF 1/3	033	02878
4	BALANCE PENSION PER MONTH	067	05755
5	DA ON PENSION (on Rs. 100) IN MARCH 2019 312 %	312	26935 (19145)
6	PENSION + DA AT PRESENT	379	32690 (24900)
7	AS PER FORMULA 100 WILL BECOME ( AT 3.63 %)	363	31338
8	67 will become 67 X 3.63	243	20890
9	UPDATED BALANCE 2/3 PENSION FOR MARCH 2019	243	20890
10	DA AT 4440 POINTS ON 363 AT 61.1%	222	19304
11	REVISED UPDATED PENSION	465	40194
12	INCREASE ( 465 – 379 )	086	07504 (15294)
13	INCREASE IN %	22 %	22%  (61.42%)

 

Sairam,

From the above example,based on the RBI Updation Formula,in my case (Pre 2002 retiree),

As per col 5 and 6,I am getting at present in March 2019,Rs.19145 DA and Rs.24900 as Pension

+DA,instead of Rs.26935 and Rs.32690 respectively.It shows a difference of Rs.7790 in the DA

due to Non implementation of 100% DA Neutralisation, as implemented and existing in RBI.If so,

How the authorities and the organizations are going to work out,negotiate and compensate the

same.If not taken care of this aspect, the pre 2002 retirees will be the worest sufferers. So the AIBRF/AIBEA/AIBOC/UFBU have to come out and clarify the retirees on the above disparity.

With regards,

Kakani Nagaraju,

BOI 2000 SVRS Retiree-2009 Pension Optee

Malkajgiri,Hyderabad – 500047

9177538847, rajag...@yahoo.com