AIBRF TO DFS

[MOHAN P]

The Secretary 

Department of Financial Services Ministry of Finance 

Government of India 

New Delhi 

 Representation seeking institutionalized consultation of bank retirees in formulation and modification of post-retirement welfare schemes by Indian Banks’ Association (IBA) 

[Logu Kuppan]

Dear Sir,

When updation,Spl.Allowance case comes in Supreme Court.

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[JSOMA SHEKARA]

The efforts of AIBRF to include retirees association in negotiations in Bipartite settlements is commendable.

Even consulting retirees is a great achievement.

But I am surprised AIBRF is sending wrong message to DFS by stating

"It is submitted that IBA periodically formulates, revises and administers various post-retirement welfare and medical schemes applicable to retirees of public sector banks.

As per my knowledge IBA has not formulated any post retirement welfare schemes since 2000

except the IBA group medical scheme fully funded by retirees which cannot be called a social welfare scheme.

Further AIBRF states that

"The Federation has consistently engaged with banks and authorities on matters
relating to pension, medical benefits and post-retirement welfare, adopting a
constructive and solution-oriented approach."

Just writing letters to IBA with no response is not considered as engaging with authorities.

There is a large communication gap between IBA/Banks and retirees and also between UFBU and retirees.

Further retiree associations should stop acting as puppets of AIBEA and AIBOC and form a united association and then demand consultation.

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[MOHAN P]

Mr Logu Kuppan,

1.As we know,Updation of Pension case is yet to take up for final hearing before Apex Court though various dates are often given including today's date.(21st Jan)

2.We have secured favourable verdict in cases pertaining to exclusion of Special Allowance for purpose of calculation of pension in High courts.Such cases are pending before HCs including Delhi High Court.

Chance for an early final decision in the matter  is remote now.We know how cases pertaining to bank retirees are moving.

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[JSOMA SHEKARA]

Only God knows.

Last actual hearing took place in Nov 2023.

There are various players in the M C Singhla case in SC.

Still M C Singhla case was  listed a few times during the last 3 years.

But at one hearing IBA advocate wants adjournment because he has promised his wife to take her on vacation on that particular day.  And on next heating Bank's advocate wants adjournment as he has some personal work. And on the next hearing Pensioners advocate wants adjournment as he wants to attend a marriage function. And in the next, one of the litigants advocates  forgets the date and time of listing.

When some day everyone is ready for hearing SC changes rules of listing or our case is not called on that day. Only on SC website it is mentioned  for Final hearing.

750000 pensioners are waiting for that Final hearing day without any clue.

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[Logu Kuppan]

Thank you for the update sir.

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[Ramani Konnayar]

Dear Sri Mohan ji,

I think, the introduction of Special allowance that is not taken into account for calculating the basic pension, happened with the full support of UFBU. Perhaps, it was indeed their brain child and was intended to placate their majority members under NPS who are upset that those under BEPR 1995 and still in service are enjoying the double benefit of good salary while in service and an equally good pension on retirement. 

This could be the reason for the percentage of Special Allowance increasing in every BPS. And, may be, this is why UFBU is silent in the matter.

Hope you will concur with my views.

K N RAMANI 

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[MOHAN P]

Dear Shri Ramani Ji,

Who are creating or created such things are immaterial here.Facts remain.Retirees have lost heavily in the past on such actions  and still are loosing not only on this issue but in more.In the past too retirees had to approach courts for justice in similar issues affected them and we have succeeded in major issues except few. Though sorted out later out of courts!

Whatever it may be, here too there are favourable verdicts from High courts, in favour of pensioners, stating that the petitioners are entitled to pension in terms of the Pension

Regulations especially Regulation 2(d) and 35 thereof. Banks are also

directed by HC s to revise the basic pension of the petitioners in accordance with the provisions of the BEPR,1995 by

taking into account the Special Allowances introduced in settlement/Joint note as part of pay for the purpose of Basic Pension.It may go up further!

However,things may come in favour of retirees though delayed.

Regards,

Mohan.P

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[Ramani Konnayar]

Dear Shri Mohan ji,

Thanks for your reply and also for tacitly

concurring with me by saying "Facts remain".

As for the second part of your letter, if banks have already been directed by HCs to include special allowance for calculating pension, why such direction has not been complied with so far.

Has the verdict been appealed against by IBA? Please enlighten me. Thanks and regards,

K N RAMANI 

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[MOHAN P]

 Banks had appealed against the order of the Single Judge granting the relief to the pensioners,which are pending now.

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