another letter by AIBOC

[PARASURAMAN K R]

 Dear Friends,

Find below another letter shot by Mr.Nadaf to IBA. I'm glad that Mr General Secretary AIBOC is suddenly awake and is spending some precious time for bank pensioners.

 

ALL INDIA  BANK OFFICERS’ CONFEDERATION

(Registered under the Trade Unions Act 1926, Registration No: 3427/Delhi)

State Bank of Buildings, St. Mark’s Road, Bangalore – 560 001

CIRCULAR NO.86                                                 DATE: 20.09.2011

 

TO ALL AFFILIATES/MEMBERS:

 

100% DA NEUTRALISATION TO PENSIONERS

          The Pensioners in the Banking Industry have been getting pension on the basis of the Bipartite settlements right from 01.11.1993. We have been demanding 100% DA neutralization to all the pensioners /family pensioners who retired from service of the bank prior to 01.11.2002. You are aware of the fact that, 100% DA neutralization has been secured to the employees as well as pensioners with effect from 01.11.2002. However Reserve Bank of India has considered 100 % DA neutralization to all its employees retired / deceased prior to 01.11.2002. But, this is implemented wef., 01.02.2005. Our Pension Scheme is akin to the scheme available at RBI.

2.  We have today addressed a letter to IBA highlighting the need to extend 100% DA neutralization to pensioners and family pensioners in the banking industry who retired before 01.11.2002 on par with RBI scheme w.e.f.,  01.05.2005. The letter is annexed to this circular and is self-explicit.

 

3. Further developments in the matter will be informed.

With greetings

                                                                                               

                                                                                    (G.D.NADAF)

                                                                            GENERAL SECRETARY

 

 

 

 

 

ALL INDIA  BANK OFFICERS’ CONFEDERATION

(Registered under the Trade Unions Act 1926, Registration No: 3427/Delhi)

State Bank of Buildings, St. Mark’s Road, Bangalore – 560 001

No:1003/324/11                                                        19.09.2011

The Chairman,

Indian Bank’s Association,

Mumbai.

 

Dear Sir,

100% DA NEUTRALISATION TO PENSIONERS

        We refer to Pension settlement between IBA & Unions in Banking Industry dated 29^th October, 1993. 

 

2.      The Pension Scheme introduced in the Banking Industry w.e.f. 01.11.1993; was to be broadly based on central Govt./RBI pattern.

 

3.      Dearness relief to Pensioners will be granted at such rates as may be determined from time to time to fall in line with the “Dearness Allowance Formula in operation in Reserve Bank of India”, vide its Circular No. HRDD No 10139/21 -01/2007-08 dated 01.04.2008, with instructions for payment of Dearness Relief with cent percent neutralization for the entire pension amount to all its pensioners, retired beore 01.11.2002 with effect from 01.03.2008.

 

4.      Subsequently, in January 2010, the Reserve Bank of India issued instructions to all its offices to pay Dearness Relief to all its employees retired/deceased before 01.11.2002, with cent percent neutralistion for rise in CPI from the month of February 2005 to February 2008, vide its Circular No. CO HRDD No.6223/21 dated 01.09.2010 and 01.01.2010.

5.      100% D.A neutralization was extended to employees and pensioners in the Banking Industry, w.e.f. 01.11.2002. We therefore, request you to extend 100% D.A neutralization to pensioners and family pensioners who retired before 01.11.2002, at par with RBI Scheme w.e.f 01.05.2005

 

Thanking you,

                                                Yours faithfully,

                                              Sd/-                                          

                                                                        (G. D. NADAF)

                                                                      GENERAL SECRETARY

Parasuraman.K.R

Trichur

[Mohan badi]

Dear Sirs,
Thank you very much, for your kind efforts towards retirees.

With regards.

Prof.M.R.Badi
Bangalore
09902910900

---

From: PARASURAMAN K R <paras...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Thursday, 22 September 2011 9:37 AM
Subject: bankpensioner another letter by AIBOC

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[perumal maruthu]

Dear sir,

Thanks for the information. I wish the matter to be vigorously pursued with IBA for early resolution well before start of the next BPS. I wish other unions also to fall in line.

M.Perumal

From: PARASURAMAN K R <paras...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Thursday, 22 September 2011 9:37 AM
Subject: bankpensioner another letter by AIBOC

[bhaskara sarma]

Dear friends,
At least now we are getting the support of AIBOC AND AIBEA for getting 100% neutralisation of DA  to all pre 1/10/2002 retirees.Let us not criticise anybody and let us thank for whatever  AIBEA/AIBOC/UFBU HAS DONE AND THEY ARE DOING NOW.It is natural for them to fight for second option of existing employees since they were not entitled at all so far.Now that problem is settled  to certain extent,it is now time for the premier UNIONS IN THE BANKING INDUSTRY to fight for 100% DA NEUTRALISATION AND  UPDATION OF PENSION.
yours faithfully,
P B SARMA,SBSVRS2001.

[Natrajan Balasubramanian]

CAN SOMEBODY GET HOLD OF THE RBI CIRCULARS MENTIONED IN AIBOC LETTER AND POST IN OUR BLOG, FOR THE INFORMATION OF ALL PENSIONERS?

On Thu, Sep 22, 2011 at 11:23 AM, perumal maruthu <perumal...@yahoo.co.in> wrote:

[Prasad C N]

Dear friends,

This issue is one of the subjects widely discussed in AIBRF/UFBRO meetings.  Necessary action is being initiated.

 

Thanks, a Million.

With regards,
Prasad C N

---

From: PARASURAMAN K R <paras...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Thursday, 22 September 2011 9:37 AM
Subject: bankpensioner another letter by AIBOC

[Prasad C N]

Dear friends,

This issue is one of the subjects widely discussed in AIBRF/UFBRO meetings.  Necessary action is being initiated.

 

Thanks, a Million.

With regards,
Prasad C N

---

From: PARASURAMAN K R <paras...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Thursday, 22 September 2011 9:37 AM
Subject: bankpensioner another letter by AIBOC

[Prasad C N]

Dear friends,

This issue has been thoroughly discussed in the Central Committee of AIBRF.  Necessary action is being initiated. 

 

Thanks, a Million.

With regards,
Prasad C N

---

From: PARASURAMAN K R <paras...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Thursday, 22 September 2011 9:37 AM
Subject: bankpensioner another letter by AIBOC

[Prasad C N]

Dear friends,

This issue has been thoroughly discussed in the Central Committee of AIBRF.  Necessary action is being initiated. 

 

Thanks, a Million.

With regards,
Prasad C N

---

From: PARASURAMAN K R <paras...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Thursday, 22 September 2011 9:37 AM
Subject: bankpensioner another letter by AIBOC

[Keshav Saini]

DEAR SHRI PRASAD,I LIKE YOUR POSITIVE VIEWS AND SHALL BE GLAD IF YOU KINDLY ADVISE US WHAT ACTION HAS BEEN INITIATED TO ACHIEVE 100% D.A NEUTRALIZATION TO PRIOR 1-11-2002 PENSIONERS BY AIBRF. K.R.SAINI 

---

Date: Thu, 22 Sep 2011 22:56:22 +0530
From: cn_pr...@yahoo.com
Subject: Re: bankpensioner another letter by AIBOC
To: bankpe...@googlegroups.com

[lakshmanan shankarnaraynan]

Dear Friends,

 

In 2005 retirees prior to 01.11.2002 were given arrears of pension due to the revision in Basic Pension on account of neutrilasation of DA from 1616 to 1684 points with effect from 01.05.2005. Now we ask for 100% DA neutralisation with effect from 01.05.2005. Does it mean that 1616 to 1684 is not 100% neutralisation? Can any one clarify?

 

S.Lakshmanan(IB-VRS2001).

From: Prasad C N <cn_pr...@yahoo.com>
To: "bankpe...@googlegroups.com" <bankpe...@googlegroups.com>
Sent: Thursday, September 22, 2011 10:59 PM
Subject: Re: bankpensioner another letter by AIBOC

Dear friends,

This issue is one of the subjects widely discussed in AIBRF/UFBRO meetings.  Necessary action is being initiated.

 

Thanks, a Million.

With regards,
Prasad C N

[perumal maruthu]

Dear Sir,

You have mistaken MERGER of DA for 100% neutralization.

AS you said anamoly in the merger has been already removed but pensioners are paid higher basic wef 1.5.2005 instead of from 1/11/2002. Arrears for this period, increase in commutation are denied even after verdicts from High courts.

DA was paid at a tapered level to all (clerks/officers except sub-staff) till 1.5.2005. The same has been restored at 100% uniformly for all serving and pensioners. But this is not done inrespect of those who retired before 1/11/2002.

The monthly loss on a/c of this discrimination is more than Rs996/ (basic@6194). The ratio of loss is more for higher basic and for higher number of slabs.

M.Perumal

CB-SVRS2001

[P.VIJAYARAGHAVAN]

LET SOMEONE EXPLAIN CLEARLY WHAT IS 100 PERCENT OR 200 PERCENT DA NEUTRALIZATION..

OBSERVER

[Dr.Gajanan Jog]

THIS ISSUE of 100% Nuetralization of DA  HAS ALREADY BEEN CONSIDERED BY AIBRF LONG BACK AND THEY ARE PERUSING WITH IBA/GOVT SINCE LONG.IT WAS REPORTED IN THE LAST CC MEETING AT MANGLORE ON 17 & 18TH SEPT,11 , WHERE THE UNDERSIGNED HAVE PARTICIPATED,THAT THIS MATTER WILL BE SETTLED BY IBA SOON.

Thanks and regards

Dr.Gajanan Jog

CC Member,AIBRF.

[perumal maruthu]

Dear Vijayaraghavan sir,

It is very simple. Pl assume that for every rise of ONE slab  if  ONE rupee is agreed to be paid to all, it is paid at the rate of only SEVENTY SIX paise to all those who retired before 1/11/2002.

I am happy you are gifted with no such problems.

M.Perumal

CB-SVRS2001

[lakshmanan shankarnaraynan]

Dear Mr.Perumal,

 

Still the position is not clear. Higher pension should have been given from the date of retirement and not from either 01.11.2002 or 01.05.2005. Do u mean that even after merger of DA at 1684 points DA neutralisation at 100% was not given to retirees prior to 01.11.2002? Things are still quite unclear.

 

S.Lakshmanan(IB-SVRS2001)

 

 

From: P.VIJAYARAGHAVAN <vijayara...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Friday, September 23, 2011 5:39 PM
Subject: Re: bankpensioner Re: merger of DA is not 100% neutralization.

[Dr.dhananjaya Bhupathi]

Dear Dr.Gajanan,

good morning. We are very happy to,listen to U after a long time. Whether U were to US/UK or elsewhere? I felt a lot for Ur absence. On 100% neutralization, when IBA agreed to settle the matter, it is a good news. We are equally happy that U r one of the participants. I am sure, with Ur participation, every retiree can pin his/her hopes on AIBRF for a remedy for the specific set of problems. Since, settling the problems with IBA and Govt. of India is the best option available to us through AIBRF.

regards,

Dr.Dhananjaya Bhupathi,

Syndicate Bank Pensioner.

---

From: Dr.Gajanan Jog <drgsjo...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Friday, 23 September 2011 4:30 AM

Subject: Re: bankpensioner another letter by AIBOC

[P.VIJAYARAGHAVAN]

Thank you Sir.It is easy to calculate and know the amount less received by retirees prior ro 2002....Hope that they get 100 percent neutralization soon.

Thank you again Sir Perumal

P.Vijayaraghavan

[ashok goel]

hello mohan ji,

what is the development of your case friend.

ashok goel

[Chinnagourishankar]

Dear goel,

After long time you have come on the net.please send your address and I will send you form to you for enrolling as a member of united bank retired officers assn.

Yours faithfully,

Gourishankar

Sent from my iPad

[Parameswaran Balasubramanian]

Dear all,

Simply by writing letters will not yield any result. What happened to the VRS letters. AIBOC has given ultimatum to IBA. What happened to that.

B. Parameswaran

B. Parameswaran

[Mohan badi]

Dear Goel Sir,

Sir, Bank's lawyer kept on asking 15 days time on each hearing dates. Court is granting him time as our  HO is in Kolkata. Court has asked him whether is it possible to treat Badi as CRS( since he has attaind the age 62 years ) on 22.07.11. and court halls are changing and case is getting danced b4 three judges since last two months. I am Hence worried. Kindly advise me how my case will be decided.Thank you Sir for your kind concern. with regards.

Yours  sincerely,
M.R.Badi

---

From: ashok goel <ashok...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Saturday, 24 September 2011 2:59 PM
Subject: Re: bankpensioner another letter by AIBOC

[bhaskara sarma]

DEQAR LAKSHMANAN,
YES,100% DA NEUTRALISATION IS NOT GIVEN TO PRE1/10/2002 RETIREES AND THAT IS ONE OF THE MAIN REASONS AS TO WHY THERE IS SUCH A HUGE DIFFERENCE  IN THE AMOUNT OF PENSION DRAWN BY SIMILARLY PLACED PEOPLE BUT SOME RETIRED BEFORE 1/10/2002 AND  OTHERS WHO RETIRED AFTER 1/10/2002.
WITH REGARDS,
YOURS SINCERELY,
P B SARMA,SB,SVRS2001.

[Chinnagourishankar]

Dear badi,

Request your lawyer to object in the court           for allowing unlimited number of times to the bank  and to give final date for filing a reply. I think mr.goel will agree with my advice.
Yours faithfully,

Gourd Shankar
Sent from my iPad

[Mohan badi]

Dear GouriShankar and Goel Sirs,
Thank you very much, however I am directionless. Please advise me and kindly  highlight  all possible outcomes. I am away from bank since 19.09.1995.

With regards.
M.R,Badi

---

From: Chinnagourishankar <gourish...@gmail.com>
To: "bankpe...@googlegroups.com" <bankpe...@googlegroups.com>
Sent: Sunday, 25 September 2011 9:24 PM

[lakshmanan shankarnaraynan]

Dear Perumalji,

 

In Banks where the benefit of notional addition of 5years is given, commutation of pension arrears is given. But commutation of pension arrears as well as pension arrears( upto 30.04.2005) arising out of the merger of DA 1684 points are not given on account of the agreement made in the 8th BPS.

 

S.Lakshmanan

From: perumal maruthu <perumal...@yahoo.co.in>
To: lakshmanan shankarnaraynan <laksh...@yahoo.com>
Sent: Sunday, September 25, 2011 8:51 AM
Subject: Re: 100% neutralization.of DA

Dear Lakshman Sir,

Thanks for giving me an opportunity to explain the LOSS on DA neutralization.

On an averge of Rs1500/ every month total arrear works out to Rs 114000 (1500x76months).

Most of those who retired after 1/5/2005 are not aware of this discrimination.

This discrimination violates Article 14 and completely against the verdict of SC in NAKARA case.

In RBI, now this dicrimination is removed and the pre-2002 are to be paid arrears wef 1/5/2005. I hope LIC will follow soon.

So, in Banks(both sbi &non-sbi) the time has come to step up pressure on IBA through all the Unions.

 

MERGER of DA@1684:

Only arrears from 1/11/2002 to 30/4/2005 on 17 slabs to be paid. Arrear on commutable portion is not clear as some banks have paid and some have not paid during Nov-Dec2009 on restoring 5 years benefit.

M.Perumal

 

From: lakshmanan shankarnaraynan <laksh...@yahoo.com>
To: perumal maruthu <perumal...@yahoo.co.in>
Sent: Sunday, 25 September 2011 6:29 AM
Subject: Re: 100% neutralization.of DA

Dear Perumalji,

 

Thank you very much for the details and clarifications. Now it is clear what 100% neutralisation means and the magnitude of the loss suffered by the pre 01.11.2002 retirees.

 

with regards

 

S.Lakshmanan(IB-SVRS2001)

From: perumal maruthu <perumal...@yahoo.co.in>
To: lakshmanan shankarnaraynan <laksh...@yahoo.com>
Sent: Saturday, September 24, 2011 10:37 PM
Subject: Re: 100% neutralization.of DA

Dear sir,

If your total basic pension is Rs7765/ then                                       @ 100% Neutralization

Tapered DA                                                                                         Rs7765xo.24=Rs18.636 per slab

Upto basic pay Rs6010 ------13.15rupees per slab                             on 648slabs DA is 648x18.63=12072.24
                                                                                    

Beyond6010 ie on basic of 1755 @0.06%=1.053

So Da on a basic of Rs7765x14.203

For 648 slabs, 648x14.203=9203.54                                      Net DA loss 12072-9203=2869 per month

M.Perumal

From: lakshmanan shankarnaraynan <laksh...@yahoo.com>
To: perumal maruthu <perumal...@yahoo.co.in>
Sent: Saturday, 24 September 2011 8:04 PM
Subject: Re: 100% neutralization.of DA

Dear Perumalji,

 

As desired I am furnishing the following details to enable u to elaborate on this.

 

Basic Pension    Rs.7765/-;   Commuted Amount -Rs.2219/-

 

 

S.Lakshmanan(IB-SVRS2001)

From: perumal maruthu <perumal...@yahoo.co.in>
To: "laksh...@yahoo.com" <laksh...@yahoo.com>
Cc: "kalia...@yahoo.com" <kalia...@yahoo.com>; "mdossb...@gmail.com" <mdossb...@gmail.com>; "mohand...@gmail.com" <mohand...@gmail.com>; "sures...@gmail.com" <sures...@gmail.com>
Sent: Saturday, September 24, 2011 3:27 PM
Subject: Re: 100% neutralization.of DA

Dear Lakshmanji,

If you can inform your basic(ie,basic pension+the commuted portion of basic), I can illustrate the LOSS you suffer everymonth.

 

100%Neutralization of DA:  Only sub-staff were paid 100% till 1/5/2005. All others got only tapered DA ie, all serving senior clerks to GM got DA at a decreasing rate of neutralization. Higher the basic pay, lower the rate of DA neutralization.

This anomaly was removed for serving staff wef 1/5/2005.For those who retired after 1/11/2002, DA on pension is calculated @100% neutrlalization wef 1/5/2005. Those pension-optees who retired after 1/5/2005 is paid @100%. Those PF-optees who became pensioners but retired after 1/11/2002 are also  paid @100% wef 1/5/2005. But those who retired before 1/11/2002 (irrespective of pension optee/superannuated/SVRS/PF turned pensioners) are being NOT paid DA@100% wef 1/5/2005 as is being paid to all others. This category, retired before 1/11/2002, are continously paid at a tapered rate  resulting in monthly loss of more than Rs1039- on a basic pension of Rs6194/

 

Tapered DA:                                                                                         DA @100%

Upto Rs 35...@o.24%= 8.52                                                  For entire 61...@0.24% =14.8656per slab

  next    21...@0.20%=   4.2

next    360@ 0.12% =     0.432                                                 For 648slabs   648x14.8656=9632.91  

 

 184@ 0.06%          =      0.11                                              

                                         -----

                                        13.26 per slab

DA for 648 slabs
 648x13.26=8593.78                                                            Monthly underpaid DA=9632.91-8593.78=1039.

The monthly loss will be higher for higher basic and every furher increase of slabs.

Hope now 100% DA is made clear.

M.Perumal

CB_SVRS2001

Chennai

If  still not clear contact 9445572838.

[bhaskara sarma]

Dear Lakshmanan,
FOR PRE 1/10/2002 RETIREES ,DA NEUTRALISATION IS GIVEN 100% UPTO CERTAIN BASIC PENSION,75% UPTO CERTAIN BASIC PENSION,50% UPTO CERTAIN BASIC PENSION AND 33.33% BEYOND THAT BASIC PENSION.BUT FOR POST 1/10/2002 RETIREES  100%  DA NEUTRALISATION  IS GIVEN TO ALL IRRESPECTIVE OF BASIC PENSION.THIS CREATES A DIFFERENCE OF RS 2000 TO RS 4000 PER MONTH DEPENDING ON THE BASIC PENSION.THIS IS OUTRIGHT DISCRIMINATION BETWEEN ONE PENSIONER AND THE OTHER AND IN VIOLATION OF RIGHT TO EQUALITY AS PER OUR CONSTITUTION.WHEREAS PENSION UPDATION IS A DEMAND WHICH WILL ENSURE PARITY  AND EQUITY WITH  CENTRAL GOVT PENSIONERS IN THE SENSE THEY GET SOME INCREASE IN PENSION WHENEVER THERE IS  WAGE REVISION.I HOPE I AM CLEAR TO YOU.
WITH REGARDS,
YOURS SINCERELY,
P BHASKARA SARMA,SBSVRS2001.

[ravi jain]

sir,
it is benefit only on increase in DA slabs and nothing else.
be happy
ravi jain

On 14/11/2011, bhaskara sarma <pbsa...@gmail.com> wrote:
> Dear Lakshmanan,
> FOR PRE 1/10/2002 RETIREES ,DA NEUTRALISATION IS GIVEN 100% UPTO CERTAIN
> BASIC PENSION,75% UPTO CERTAIN BASIC PENSION,50% UPTO CERTAIN BASIC PENSION
> AND 33.33% BEYOND THAT BASIC PENSION.BUT FOR POST 1/10/2002 RETIREES 100%
> DA NEUTRALISATION IS GIVEN TO ALL IRRESPECTIVE OF BASIC PENSION.THIS
> CREATES A DIFFERENCE OF RS 2000 TO RS 4000 PER MONTH DEPENDING ON THE BASIC
> PENSION.THIS IS OUTRIGHT DISCRIMINATION BETWEEN ONE PENSIONER AND THE OTHER
> AND IN VIOLATION OF RIGHT TO EQUALITY AS PER OUR CONSTITUTION.WHEREAS
> PENSION UPDATION IS A DEMAND WHICH WILL ENSURE PARITY AND EQUITY WITH
> CENTRAL GOVT PENSIONERS IN THE SENSE THEY GET SOME INCREASE IN PENSION
> WHENEVER THERE IS WAGE REVISION.I HOPE I AM CLEAR TO YOU.
> WITH REGARDS,
> YOURS SINCERELY,
> P BHASKARA SARMA,SBSVRS2001.
>
> On Fri, Sep 23, 2011 at 10:09 PM, lakshmanan shankarnaraynan <
> laksh...@yahoo.com> wrote:
>
>> Dear Mr.Perumal,
>>
>> Still the position is not clear. Higher pension should have been given
>> from the date of retirement and not from either 01.11.2002 or 01.05.2005.
>> Do u mean that even after merger of DA at 1684 points DA neutralisation at
>> 100% was not given to retirees prior to 01.11.2002? Things are still quite
>> unclear.
>>
>> S.Lakshmanan(IB-SVRS2001)
>>
>>
>>

>> *From:* P.VIJAYARAGHAVAN <vijayara...@gmail.com>
>> *To:* bankpe...@googlegroups.com
>> *Sent:* Friday, September 23, 2011 5:39 PM
>>
>> *Subject:* Re: bankpensioner Re: merger of DA is not 100% neutralization.

>>
>> LET SOMEONE EXPLAIN CLEARLY WHAT IS 100 PERCENT OR 200 PERCENT
>> DA NEUTRALIZATION..
>>
>> OBSERVER
>>
>> On Fri, Sep 23, 2011 at 11:04 AM, perumal maruthu <
>> perumal...@yahoo.co.in> wrote:
>>
>> Dear Sir,
>> You have mistaken MERGER of DA for 100% neutralization.
>> AS you said anamoly in the merger has been already removed but pensioners
>> are paid higher basic wef 1.5.2005 instead of from 1/11/2002. Arrears for
>> this period, increase in commutation are denied even after verdicts from
>> High courts.
>> DA was paid at a tapered level to all (clerks/officers except sub-staff)
>> till 1.5.2005. The same has been restored at 100% uniformly for all
>> serving
>> and pensioners. But this is not done inrespect of those who retired before
>> 1/11/2002.
>> The monthly loss on a/c of this discrimination is more than Rs996/ (
>> basic@6194). The ratio of loss is more for higher basic and for higher
>> number of slabs.
>> M.Perumal
>> CB-SVRS2001
>>

>> *From:* lakshmanan shankarnaraynan <laksh...@yahoo.com>
>> *To:* "bankpe...@googlegroups.com" <bankpe...@googlegroups.com>
>> *Sent:* Friday, 23 September 2011 6:18 AM
>> *Subject:* Re: bankpensioner another letter by AIBOC

>>
>> Dear Friends,
>>
>> In 2005 retirees prior to 01.11.2002 were given arrears of pension due to
>> the revision in Basic Pension on account of neutrilasation of DA from 1616
>> to 1684 points with effect from 01.05.2005. Now we ask for 100% DA
>> neutralisation with effect from 01.05.2005. Does it mean that 1616 to 1684
>> is not 100% neutralisation? Can any one clarify?
>>
>> S.Lakshmanan(IB-VRS2001).
>>

>> *From:* Prasad C N <cn_pr...@yahoo.com>
>> *To:* "bankpe...@googlegroups.com" <bankpe...@googlegroups.com>
>> *Sent:* Thursday, September 22, 2011 10:59 PM
>> *Subject:* Re: bankpensioner another letter by AIBOC

>>
>> Dear friends,
>>
>> This issue is one of the subjects widely discussed in AIBRF/UFBRO
>> meetings. Necessary action is being initiated.
>>
>> Thanks, a Million.
>>
>> With regards,
>> Prasad C N

>> *From:* PARASURAMAN K R <paras...@gmail.com>
>> *To:* bankpe...@googlegroups.com
>> *Sent:* Thursday, 22 September 2011 9:37 AM
>> *Subject:* bankpensioner another letter by AIBOC

>>
>> Dear Friends,
>>
>> Find below another letter shot by Mr.Nadaf to IBA. I'm glad that Mr
>> General Secretary AIBOC is suddenly awake and is spending some precious
>> time for bank pensioners.
>>

>> ALL INDIA BANK OFFICERS’ CONFEDERATION
>> (Registered under the Trade Unions Act 1926, Registration No: 3427/Delhi)

>> State Bank of Buildings, St. Mark’s Road, Bangalore – 560 001**
>> *CIRCULAR NO.86 DATE:
>> 20.09.2011*
>> * *
>> *TO ALL AFFILIATES/MEMBERS:*
>> * *
>> *100% DA NEUTRALISATION TO PENSIONERS*

>> The Pensioners in the Banking Industry have been getting
>> pension on the basis of the Bipartite settlements right from 01.11.1993.
>> We
>> have been demanding 100% DA neutralization to all the pensioners /family
>> pensioners who retired from service of the bank prior to 01.11.2002. You
>> are aware of the fact that, 100% DA neutralization has been secured to the
>> employees as well as pensioners with effect from 01.11.2002. However
>> Reserve Bank of India has considered 100 % DA neutralization to all its
>> employees retired / deceased prior to 01.11.2002. But, this is implemented
>> wef., 01.02.2005. Our Pension Scheme is akin to the scheme available at
>> RBI.
>> 2. We have today addressed a letter to IBA highlighting the need to
>> extend 100% DA neutralization to pensioners and family pensioners in the
>> banking industry who retired before 01.11.2002 on par with RBI scheme
>> w.e.f., 01.05.2005. The letter is annexed to this circular and is
>> self-explicit.
>>
>> 3. Further developments in the matter will be informed.
>> With greetings

>> *
>> ** *
>> *
>> (G.D.NADAF)*
>> *
>> GENERAL SECRETARY*
>> * *
>>
>>
>>
>> * *

>> ALL INDIA BANK OFFICERS’ CONFEDERATION
>> (Registered under the Trade Unions Act 1926, Registration No: 3427/Delhi)

>> State Bank of Buildings, St. Mark’s Road, Bangalore – 560 001**
>> *No:1003/324/11
>> 19.09.2011*

>> The Chairman,
>> Indian Bank’s Association,

>> *Mumbai.*
>> * *
>> Dear Sir,
>> *100% DA NEUTRALISATION TO PENSIONERS*

>> We refer to Pension settlement between IBA & Unions in Banking
>> Industry dated 29th October, 1993.
>>

>> *2.* The Pension Scheme introduced in the Banking Industry w.e.f.

>> 01.11.1993; was to be broadly based on central Govt./RBI pattern.
>>

>> *3.* Dearness relief to Pensioners will be granted at such rates as

>> may be determined from time to time to fall in line with the “Dearness
>> Allowance Formula in operation in Reserve Bank of India”, vide its
>> Circular
>> No. HRDD No 10139/21 -01/2007-08 dated 01.04.2008, with instructions for
>> payment of Dearness Relief with cent percent neutralization for the entire
>> pension amount to all its pensioners, retired beore 01.11.2002 with effect
>> from 01.03.2008.
>>

>> *4.* Subsequently, in January 2010, the Reserve Bank of India issued

>> instructions to all its offices to pay Dearness Relief to all its
>> employees
>> retired/deceased before 01.11.2002, with cent percent neutralistion for
>> rise in CPI from the month of February 2005 to February 2008, vide its
>> Circular No. CO HRDD No.6223/21 dated 01.09.2010 and 01.01.2010.

>> *5.* 100% D.A neutralization was extended to employees and

>> pensioners in the Banking Industry, w.e.f. 01.11.2002. We therefore,
>> request you to extend 100% D.A neutralization to pensioners and family
>> pensioners who retired before 01.11.2002, at par with RBI Scheme w.e.f
>> 01.05.2005
>>
>> Thanking you,
>> Yours faithfully,
>> Sd/-
>>

>> *
>> (G.
>> D. NADAF)*
>> *
>> GENERAL
>> SECRETARY*
>> *
>> *
>> *Parasuraman.K.R*
>> *Trichur*