100 percent DA neutralisation of Pre 2002 retirees of banks including SBI.

[lajpat rai]

Sir., Can we expect this achievement through court cases in 2012 or thereafter ? Will UFBU help such retirees to achieve this demand in next bipartite settlement? Will AIBRF an old organization of retirees and AIBOC sponsored organization achieve this demand which is not achieved for the last 10 or 12 years inspite of high court judgements and follow up ? if all these methods do not yield result what retirees who are suffering huge financial loss evy months due to less da neutralisation What is future course of action. Let some retirees based in Delhi under this category sit on hunger strike before ministry of finance government of India and face the GOI to accept this genuine demand. o u feel any of our colleagues I.e. retirees can come forward for this purpose as I feel thousand of retirees must be in Delhi,new Delhi,Ncr adversely affected by this anomaly. I feel most of the retirees are financially well off, well settled with their kids or otherwise and are making noise only on web site and no concrete action. We had been member of the unions associations and it is irony of the situation that ater retirement we are disunited and have not learnt the meaning of union is strength and peaceful trade union action like sitting on dharma and huger strike before finance ministry can bring results. Lajpat rai thakral Wilmington,Delaware.,USA.

[Krishnan Chensiah]

Dear sir

Your statement that the retirees are financially sound and well settled is wrong.

After 11 years I am getting a pension of 15600/-Do you mean to say that I am well settled in

life.Will you go to your son or daughter with a begging hand and tell them that you send me 

usd /aud of 300 everymonth.That is not fair enough.For the services you rendered

to your Bank you are eligible for something which is being deneid by the Finance ministry,

IBA,or the unions or Associations and your own Bank management.Only legal actions can helpus

and perhaps this may take few more years.I am already aged 63 and I do not know whether I survive 

before we get the correct judgements.Thankyou.C.Krishnan,from Sydney,Australia

[C P V Nair]

Who says bank retirees are well off?It would be a blunder if somebody thinks or tells such rubbish.Perhaps, a thin minority among us MAY be well off or rich.But remember, a vast majority is still held up in problems.But alas! they pretend that they are well off(false prestige?).

 

Let us seek the help of all the retirees in solving our issues ORGANISATIONALLY or LEGALLY.Legal step means LOT OF MONEY.So, let us remain prepared!

 

 

Warm Reg

 

 

 

CPVNAIR

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[Narayana Melkote]

Dear friends,

     I concur with you Mr.Nair on your statement that bank retirees are not well off.   The letters on this blog regarding DA increase by members  make things more amply clear.   When 100% DA neutralisation, though being discussed extensively, it is still a distant dream!   What the pensioners now aspire is only a life with dignity without any financial dependence.   This is the way the pensioners lived through their active ,dedicated service.   Even today they are living with dignity despite many odds in the domestic front.   It is not surprising if members are anxious to know the increase in DA every six months.   This is only a small pleasure but still is important!

Narayana Melkote

VB pensioner

    

---

From: C P V Nair <cpvnai...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Monday, 30 July 2012 2:46 PM

[Gopalakrishnan Ramachandran]

Most of SVRS retirees, which forms the majority, opted pension at an
earlier age( in my case I was just 52 years) and we had commitments,
like daughter's Marriage and son's education. The ex-Gratia was quite
useful and after spending the amount we have to depend on our
children. The present pension is not enough to lead a life with honour
as advised by the Supreme Court and the truncated DA formula has made
the matters still worse. With the prices going up spirally, along with
frequent medical expenses, are we compensated adequately? No is my
answer.

G.Ramachandran
CB SVRS

[C P V Nair]

TKU Sir.Shall hope a settlement of DA issue through organisational or legal steps.

[pady nabs]

Dear GR Sir, You have rightly pointed out the real sufferings of sunk of svrs retirees.   After childrens marriage, education, our exgratia money value becomes nil.   With the retiree pension of Rs.15000/-   minimum house rent Rs.5000/-in urban centres and Rs.10,000/-to 15000/- to spend towards house rent in metros.   There also the door was closed.   Where we can go for day to day expenses, you have to allocate for grocery, milk, rice, transportation, electricity (which gives shock).  water bill, telephone, cell .    The last category , after fulfilling  all the above items, the medical expenses comes.   Whether to live or die on hearing the medical expenses.   Only time has to tell the truth.    Pray God to shower Her greatness. padmanabhan svrs.2001 i.b. --- On Mon, 30/7/12, Gopalakrishnan Ramachandran <chandra...@gmail.com> wrote:

> bankpensioner+unsub...@googlegroups.com.

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[sureshbhat M]

Dear Friends                    31/07/2012

It strange to read that SVRS Pensioners are well paid!. 

  I took SVRS at the age of 45 (as Scale 1) and now I am 56. Both my children are still studying. So the question of expecting sustainence from children will be  far reaching for the time being. My first son studying MBBS may take a minimum of next 3-4 years to earn and second one just joined MBBS last year. Due to early retirement, my present gross pension basic is 5961.

    One can imagine my position at this stage and can how much savings I may be having out of retirement benefits. It is grate that we are still living with respect from society because of strict following of Bank Employee discipline in our day today life. 

    Still if any one comments across my face that I am well paid, I gracefully accept his ignorance.

With regards

Suresh Bhat M

Canara Bank SVRS

-----------------------------------------------------------------------------------

[Veeraswami]

Before taking VRS one should have considered the age of children, scale at time and pension expected. In your case I find both your children should have been in elementary school and we know even at that time how much pension expected. I as scale  III, at the age of 55 with more than 33 years experience got only Rs9000/-. I fully agree SVRS pensioners are well. You took VRSat wrong time 

Veeraswami V

Sent from my iPad 

[Gopalakrishnan Ramachandran]

SVRS came with an attraction i.e. ex gratia. I was of the opinion that
it was too good an offer to be rejected, as there was no chance of
further promotion from Scale III and the danger of transfer was
looming large. Like me many would have opted as it gave a chance to
retire with honour, when the management was reveling in charge
sheeting its employees on flimsy grounds. Many colleagues were
suffocating and they thought all the facilities then available to
normal retirees will be made available to the SVRS retirees too. But
the first blow came in the form of 5 year weightage, though we got it
of late. Second one still affecting us is the 100%DA, the fact of
truncated formula was not known to me at the time of retirement.After
our retirement the pay scale has been revised, though the pension
remains static. Cost of living has gone up severely affecting our
survival. Thanks to the DA increase every half year, we are just
pulling on.
The myth of being well-off will vanish if we are unfortunately
hospitalised and and forced to shell our major sum.If we are able to
meet the medical expenses, covered under a liberal scheme, then we can
say, we are a little better-off.

G.Ramachandran
CB SVRS

[R Balaji]

whether svrs retirees are willing to refund the exgratia received by them if they are equated to normal retirees/vrs retirees who did not receive any exgratia except their pf contribution.

[perumal maruthu]

Dear Mr.Balaji,

Who prevented you from accepting SVRS in 2ooo-o1 or opting for Pension in 1995?

Both were optional and subjective.

M.Perumal

---

From: R Balaji <rbal...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Tuesday, 31 July 2012 10:04 PM

[girish dora]

May be some FOOL agree to refund VRS fund receipt.We bankers are quite calculative & God forbid,by & large they are better off.

Girish K Dora

PNB REtiree

---

From: R Balaji <rbal...@gmail.com>
To: bankpe...@googlegroups.com

Sent: Tuesday, 31 July 2012 10:04 PM

[Ramesh Pandey]

My dear   -    Ex-gratia was in lieu of salary for the remaining period of service which was sacrificed.  Further there was a  ceiling.  In comparison to salary forgone, ex-gratia was a small component.  Depending upon individual circumstances, people took decision which was in their best interest.  SVRS came to them at a cost....future salary,  wage revision benefits,  lesser pensionable service hence less pension, less pension also due to the pay structure existing then, reduced gratuity...etc.

Raising such questions now and envious comparisons within the group  is a superfluous excercise.. Every one is safeguarding his individual interest first.  Let us now strive for common future benefits for all the retirees

CAPT PANDEY
AHMEDABAD

---

Date: Tue, 31 Jul 2012 22:04:15 +0530

Subject: Re: bankpensioner 100 percent DA neutralisation of Pre 2002 retirees of banks including SBI.

From: rbal...@gmail.com
To: bankpe...@googlegroups.com

[R Balaji]

I DID NOT MEAN WHAT YOU INFER ON MY WORDINGS/ I ONLY MEANT TO THOSE NOW BLAME THE ASSN / OTHER BODIES IN THE MATTER AFTER GETTING EVERYTHING. NOW THEY WANT ALL THE BENEFITS WHICH NORMAL RETIREES GET AND ONLY IN THAT CONTEXT I SUGGESTED REFUND OF EXGRATIA AND NOT OTHERWISE

[sureshbhat M]

Dear Veeraswamy Sir

 Seeing the present descrimination trends by Banks I too felt some times that I took too early retirement at 45. The present pension of around 13500 is a supporting stick to me. But During that days I was held up with some family disputes and compelled me to stay at native. So SVRS was the most attractive and advantageous to me. 

   But, thank God, the planning I made saved me from all disastrous and even now . To speak with simple terms, I earned and earning for my livelihood from  other sources and all my retirement benefits including Exgratia is accumulating in Bank(Grew 3 times). With own house under Bank HL with NIL liability is the asset created in life time. Further, by staying home my children got MBBS under merit quota.  All these are making me happy even for early SVRS- even though my fellow workers now work can draw more pension. 

   SIR, CAN ANY ONE TELL US HOW MUCH A SENIOR MANAGER (with stagnation) RETIRES TODAY WILL GET TOTAL RETIREMENT BENEFITS IN THE FORM OF- a) Commutation b) Gratuity c) Full leave encashment d) PF Employees portion,  etc 

   This is to calculate our profit/ loss due to SVRS.

I once again thank Veeraswami Sir for the honest opinion

With regards

Suresh Bhat M

---------------------------------------------------------------------------------------------------

[Gopalakrishnan Ramachandran]

The idea of refunding the ex-gratia is funny, as the present scales of
pay is much more than what we got. I could draw a salary of Rs. 20000
only, when I was opting for SVRS, that too, at Chennai with all CCA
etc. Compare the same with the present salary of my scale (Scale
III)! Hence the ex-gratia we got became nothing, compared the
increased salary and perks like CCA, Business Devept expenses, HRA
etc. BUT WE ARE NOT COMPLAINING, as it was our decision and we quit
happily.We never regretted our decision.
To refund the-ex gratia to meet the load of other pensioners is
nothing short of absurdity. Instead of giving constructive suggestions
as fighting for our rights, one should not advise to rob Peter to pay
Paul. As SVRS retirees we are prepared to join every one for fighting
for justice. Let us fight jointly.

G.Ramachandran
CB SVRS

[sitaram khambete]

Dear Shri k mohandas
I need one clarification in my individual case.
I joined BOI on 18-1-1960 My DOB being 12 Nov 1937, I completed age 60
years on 12-11-1997 but as per bank's rules my actual date of
retirment was last day of the month being 30-11-1997 that is the day
of my last working day in the bank. The 7th bipartite period which had
expired in 31-10-1997 and notionally renewed for futher 5 years from
1-11-1997 but during the negotiation of the bipartite settlement the
unions and associations in our bank agreed for giving revision with
effect from prospective date i.e. 1-4-1998 or 1-5-1998 sacrificing
back wages difference. This had an effect of one month of 1-11-97 to
30-11-97 in my case. My pension/ gratuiity etc was apperently fixed on
the basis of my last pay actually drawn and or average of last 10/12
months on my last working day i.e. 30-11-1997 though the scales stood
revised on 1-11-1997 sacrifising the arrears upto 1-5-1998.
My most relevant question is
(1 )Whether I am a retiree of the bipartite settement period ended
31-10-1997 or 31-10-2002 since I put my pen down on 30-11-1997 i.e
during bipartite period of 1997-2002 but was treated for fixing
pension/ gratuaity etc on the basis of scales prevailing during
1992-1997 settlement period.
(2) How could unions/ associations sacrifice wage arrears of past
employes like me for the continuing benefit of those who remain i8n
service ?
(3) is there any chance of reconsidering my last salary as on 30-11-97
notionally payable but actually sacrificed during negotiated
settlement period 1997-2002.
(4)Am I considered as retired in the period 1997-2002 or 1992-1997?
(S G Khambete of BOI Mumbai retired on 30-11-1997 from Bhayander East branch)

S G Khambete
Andheri-E. Mumbai 400069
Ph-022-26836994/ 9833564268

[lajpat rai]

You are lucky.

---

From: sureshbhat M <sures...@gmail.com>;
To: <bankpe...@googlegroups.com>;

Subject: Re: bankpensioner 100 percent DA neutralisation of Pre 2002 retirees of banks including SBI.

Sent: Wed, Aug 1, 2012 4:42:34 AM

---------------------------------------------------------------------------------------------------

[Mohandas Rao]

Dear Sri Khambete,

 

I give here below my answers to your queries, based on my understandings. Other members are free to correct me if I erred somewhere:

 

I need one clarification in my individual case.

I joined BOI on 18-1-1960 My DOB being 12 Nov 1937, I completed age 60 years on 12-11-1997 but as per bank's rules my actual date of retirement was last day of the month being 30-11-1997 that is the day of my last working day in the bank.

 

Answer: Your date of retirement is 30.11.1997 and it is correct as per rules. Good that you have completed 37 years of service.

 

The 7th bipartite period which had expired in 31-10-1997 and notionally renewed for a further 5 years from 1-11-1997 but during the negotiation of the bipartite settlement the unions and associations in our bank agreed for giving revision with effect from prospective date i.e. 1-4-1998 or 1-5-1998 sacrificing back wages difference. This had an effect of one month of 1-11-97 to 30-11-97 in my case. My pension/ gratuity etc was apparently fixed on the basis of my last pay actually drawn and or average of last 10/12 months on my last working day i.e. 30-11-1997 though the scales stood revised on 1-11-1997 sacrificing the arrears up to 1-5-1998.

 

Answer: You have not mentioned whether you have retired as an award staff or as on officer. New scales for award staff was with effect from 01.11.1997 as per the 6^th Bipartite. But, officers’ salary scale was revised with effect from 01.04.1998 at that time. I presume that you retired as an award staff.

 

My most relevant question is:

 (1 ) Whether I am a retiree of the bipartite settlement  period ended

31-10-1997 or 31-10-2002, since I put my pen down on 30-11-1997 i.e.,

during bipartite period of 1997-2002 but was treated for fixing pension/ gratuaity etc  on the basis of scales prevailing during 1992-1997 settlement period.

 

Answer: Your belong to the Bipartite Period of 5^th and 6^th settlements, the first 9 months’ salary in the 5^th and last 10^th month in the 6^th settlement, if you retired as an award staff.

 

(2) How could unions/ associations sacrifice wage arrears of past employees like me for the continuing benefit of those who remain in service ?

 

Answer: During wage revision, naturally there would be a cut-off date. Due to this some of the retirement benefits affect marginally. It is inevitable. In your case, since your salary lied in between 5^th and 6^th bipartite, there is IBA instructions to fix your basic pension by another method so that the loss would be minimum. But since your 9 months’ salary was in the previous bipartite, that will not be of much help to you. The IBA Circular No.557/28.06.2005 is for 7^th and 8^th bipartite period and No.1502/13.10.2010 is for 8^th and 9^th bipartite are known to me in this regard and a copy of the latter is readily available. I do not have the circular number for the 5^th and 6^th bipartite period, but hope such circular was issued then.

 

(3) Is there any chance of reconsidering my last salary as on 30-11-97

notionally payable but actually sacrificed during negotiated settlement period 1997-2002.

 

Answer: As said above, a different formula is being used to arrive at your pension basic by converting your scale to the new scale ‘notianally’, as per IBA instructions.

 

(4) Am  I considered as retired in the period 1997-2002 or 1992-1997?

 

Answer: You belong to 5^th and 6^th Bipartite Period, as explained elsewhere. a) Your pension and commutation amount is affected due to this. Your family pension will not be affected as it is calculated on the basis of last month’s salary. b) This will not affect your leave encashment package, since you have been paid salary and allowance as on November 1997, in the new scale. c) Gratuity is being paid on the basis of last month’s salary as per Gratuity Act and hence you are benefitted.  If it is paid as per Gratuity Regulation, if you were an Award Staff (as last 12 months’ average is being taken), it will affect you and if you were an officer, it will not as the last month’s salary is being considered in the latter case. d) Your own PF contribution refund will not have any affect. e) You are not eligible for 100% D.A. neutralisation, like most of us,  as you are retired in 1997.

 

K. MOHANDAS RAO, SHIMOGA

[perumal maruthu]

Dear Sir,

The advice of IBA to Banks in  deciding the Basic Pension of persons retiring in between two settlements does not convey any additional favour. In a similar case, the loss is around Rs400/ for 5 months benefit. But the person is happy with whatever he is paid as pension and he is not for taking up the case to a court.

But you can file a case for seeking Direction from the court. The court may abinitio dismiss your petition as time-barred; yet you can file an SLP with SC as a Super Senior citizen.

Sacrificing Arrears: As your ostensible DOR is 30/11/97, I do not understand how you have lost arrears for 6 months. To adjust the load-factor sometimes, Unions sacrifice arrears.

But, there are thousands of persons who have recieved arrears after their exit.

In the last Jt.Note, one increment was reduced at the start of the scale but one additional increment was given at the end. You can very well assess the loss for the Juniors!

From the DA Neutralization percentage of your pension, you can know the Settlement Period  in which you have retired.
M.Perumal

---

From: sitaram khambete <sitaram....@gmail.com>
To: bankpe...@googlegroups.com
Sent: Wednesday, 1 August 2012 12:40 PM

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--
S G Khambete
Andheri-E. Mumbai 400069
Ph-022-26836994/ 9833564268

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[sitaram khambete]

dear shri Mohandas Rao,
Thanks for giving a systematic and detailed reply to my very personal case.
At the outset let me add that after joining the BOI on 18-1-1960 as
clerk I was first promoted as special assistant ( in award staff
category) on 1-11-1972 to 31-10-1996 and then promoted to officer
scale JM-1 from 1-11-1976 and lastly retired on 30-11-1997 in scale
MM-III. Your presumption that I would be award staff needs to be
corrected.
As regards the question of effective date of settlemnt with officers
Association you are perhaps right that it was 1-4-1998 but th next
increment etc were as on 1-11-1998, thus indicating that the notional
revision was from 1-11-1997 i.e syncronising with the settlement
period -5 years continuity as always except that the current few
montsd wage difference was sacrificed for the benefit of coninuing in
sevice staff and not caring for those who were not on payrole on
1-4-1998. My case needs clarification in the instatnt context. Can
you please guide me in the matter?

S G Khambete
2-8-2012

On 8/1/12, Mohandas Rao <mohand...@gmail.com> wrote:
> Dear Sri Khambete,
>
>
>
> *I give here below my answers to your queries, based on my understandings.
> Other members are free to correct me if I erred somewhere:*
>
> **

>
> I need one clarification in my individual case.
>
> I joined BOI on 18-1-1960 My DOB being 12 Nov 1937, I completed age 60
> years on 12-11-1997 but as per bank's rules my actual date of retirement
> was last day of the month being 30-11-1997 that is the day of my last
> working day in the bank.
>
>
>

> *Answer: Your date of retirement is 30.11.1997 and it is correct as per
> rules. Good that you have completed 37 years of service.*
>
> * *

>
> The 7th bipartite period which had expired in 31-10-1997 and notionally
> renewed for a further 5 years from 1-11-1997 but during the negotiation of
> the bipartite settlement the unions and associations in our bank agreed for
> giving revision with effect from prospective date i.e. 1-4-1998 or 1-5-1998
> sacrificing back wages difference. This had an effect of one month of
> 1-11-97 to 30-11-97 in my case. My pension/ gratuity etc was apparently
> fixed on the basis of my last pay actually drawn and or average of last
> 10/12 months on my last working day i.e. 30-11-1997 though the scales stood
> revised on 1-11-1997 sacrificing the arrears up to 1-5-1998.
>
>
>

> *Answer: You have not mentioned whether you have retired as an award staff

> or as on officer. New scales for award staff was with effect from
> 01.11.1997 as per the 6th Bipartite. But, officers’ salary scale was
> revised with effect from 01.04.1998 at that time. I presume that you

> retired as an award staff. *
>
> **

>
> My most relevant question is:
>
> (1 ) Whether I am a retiree of the bipartite settlement period ended
>
> 31-10-1997 or 31-10-2002, since I put my pen down on 30-11-1997 i.e.,
>
> during bipartite period of 1997-2002 but was treated for fixing pension/
> gratuaity etc on the basis of scales prevailing during 1992-1997
> settlement period.
>
>
>

> *Answer: Your belong to the Bipartite Period of 5th and 6th settlements,

> the first 9 months’ salary in the 5th and last 10th month in the

> 6thsettlement, if you retired as an award staff.
> *
>
> **

>
> (2) How could unions/ associations sacrifice wage arrears of past employees
> like me for the continuing benefit of those who remain in service ?
>
>
>

> *Answer: During wage revision, naturally there would be a cut-off date. Due

> to this some of the retirement benefits affect marginally. It is
> inevitable. In your case, since your salary lied in between 5th and

> 6thbipartite, there is IBA instructions to fix your basic pension by

> another
> method so that the loss would be minimum. But since your 9 months’ salary
> was in the previous bipartite, that will not be of much help to you. The
> IBA Circular No.557/28.06.2005 is for 7th and 8th bipartite period and
> No.1502/13.10.2010 is for 8th and 9th bipartite are known to me in this
> regard and a copy of the latter is readily available. I do not have the
> circular number for the 5th and 6th bipartite period, but hope such

> circular was issued then.*

>
>
>
> (3) Is there any chance of reconsidering my last salary as on 30-11-97
>
> notionally payable but actually sacrificed during negotiated settlement
> period 1997-2002.
>
>
>

> *Answer: As said above, a different formula is being used to arrive at your

> pension basic by converting your scale to the new scale ‘notianally’, as

> per IBA instructions.*
>
> **

>
> (4) Am I considered as retired in the period 1997-2002 or 1992-1997?
>
>
>

> *Answer: You belong to 5th and 6th Bipartite Period, as explained

> elsewhere. a) Your pension and commutation amount is affected due to this.
> Your family pension will not be affected as it is calculated on the basis
> of last month’s salary. b) This will not affect your leave encashment
> package, since you have been paid salary and allowance as on November 1997,
> in the new scale. c) Gratuity is being paid on the basis of last month’s
> salary as per Gratuity Act and hence you are benefitted. If it is paid as
> per Gratuity Regulation, if you were an Award Staff (as last 12 months’
> average is being taken), it will affect you and if you were an officer, it
> will not as the last month’s salary is being considered in the latter case.
> d) Your own PF contribution refund will not have any affect. e) You are not
> eligible for 100% D.A. neutralisation, like most of us, as you are retired

> in 1997.*
>
> **
> **
> *K. MOHANDAS RAO, SHIMOGA*

[Mohandas Rao]

Dear Sri Sitaram,

 

I am sorry that I presumed that you retired as an Award Staff. The assumption was wrong as you had not provided me the details then. However, after retirement all are bank pensioners and hence there is no discrimination now.

Assuming that you got one increment on 01.11.1997, while adding last 10 months' salary and dividing by 10 to arrive at the average, naturally the benefit will be there while fixing your basic pension. But I think you are not eligible for an increment on 01.11.1997, as you have already completed 37 years of service and must have exhausted all the stagnation increment also. Your salary did not spread in two bipartites and hence IBA formula for fixing basic pension by the notional salary method does not arise, as the 10 months are in the old scale only.

 

Sorry, that I cannot help you further providing any useful information to you.

 

With regards,

K. MOHANDAS RAO, SHIMOGA

[venkat rao]

Dear Bhat, Why did you take the vrs at this early age? I do not understand the logic behind your decision.You had 15 long years of service.After fully aware of the consequences you must have made a decision for which you need not regret.Be brave, you have 2 children who will be doctors  will be a real asset to the society.please tell them that they have to give back to the society and treat the patients with lot of love, affection and care I pray GOD to bless them. Venkatrao.H SBM Mysore --- On Tue, 31/7/12, sureshbhat M <sures...@gmail.com> wrote: