29TH OCT 1993 -PENSION SCHEME WAS ACHIEVED

[MOHAN P]

[Kalyanasundaram Subramaniam]

Yes. Definitely it is an achievement by AIBEA to clinch pension in the banking industry. All of us are very proud of this achievement by AIBEA. 

But I am also curious to know why the AIBEA has not insisted upon Clause 12 of the MOU signed. I attach the MOU for ready reference. 

 S Kalyanasundaram 

On Tuesday, October 28, 2025 at 7:03:40 PM UTC+5:30 MOHAN P wrote:

[kushal mukhoti]

AIBEA's success in securing pensions within the banking industry is undoubtedly a significant achievement, one that fills us all with immense pride. However, this accomplishment raises a crucial question: who led AIBEA during that period? It's clear that without their leadership, such a feat would have been impossible, a conclusion further reinforced by current circumstances.

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[Ramani Konnayar]

In my view, the main reason for AIBEA or UFBU not evincing any interest in making improvements in the 1993 Pension Scheme originally envisaged is that it became a close ended scheme with effect from 1/4/2010 with its substitution by NPS (for those joining banks from the above date)which is much less beneficial than the 1993 scheme. They also appear to strongly believe that the cost of  updation of pension under the 1993 scheme could seriously jeopardize the prospects of future wage increases for the majority of their membership who are under NPS due to the stringent AS-15 norms.

[Niranjan Cn]

Sirs,

No pension regulations have updation clause for future and similarly RBI Regulations also didn’t have updation clause.

Updation clause is not a must for updation.  That being the case case why to harp on clause 12 ??

Further, family pension revision, etc happened without clause in regulations.

Better to understand the updation /pension relation issues - without carried away by WhatsApp messages/misinformations.

Niranjan

[Kalyanasundaram Subramaniam]

If Clause 12 is implemented, the benefit of RBI retirees should have been passed on to bank retirees also on an automatic basis. 

Why there was a delay in implementation of 100 percent DA to pre-2001/2 retirees?

Why pension updation which has taken place in RBI, NABARD etc. not passed on to bank retirees even up to this date?

When the banks have left Clause 12 while adopting Pension Regulation, why AIBEA has not protested? In all these years, why AIBEA or UFBU has not tried to enforce Clause 12? 

To raise these qustions, no knowledge from whatsup message is required. 

S Kalyanasundaram 

[Ramani Konnayar]

I agree with your views. However, BEPR-1993 being based on RBI Employees' Pension Regulations, as mentioned in the Regulations itself, it is only fair and justified that improvements made in the latter are extended to the former. And, it is natural on the part of pensioners to expect AIBEA/UFBU to pursue this vigorously and clinch it early, particularly in view of the advanced age of majority of pensioners. But, this does not appear to be happening, perhaps due to the reasons already stated in my  previous email. Hope you will agree with my views too.

K N Ramani 

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[ashok goel]

sincere Thanks to parties of the Settlement  dated 29th. october 1993. 

ashok goel

PNB

On Thu, 30 Oct, 2025, 9:29 am Niranjan Cn, <niran...@gmail.com> wrote:

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[JSOMA SHEKARA]

Niranjan Sir

You are very right. But IBA and UFBU have not understood this.

IBA claims Pension regulations have no provision for Updation.

UFBU leaders are not protesting this.

To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAAX%2BdWEt6U3rT0eMPSzbsLsdvSDnj%3DQA48v%2BmKCXsMDPdxO8kA%40mail.gmail.com.

[Kalyanasundaram Subramaniam]

If something is incorporated in the Pension Regulation, it is enforceable. On the other hand, when the Regulation is silent about something, it will be at the discretion of the banks and we are at their mercy. 

S Kalyanasundaram

[JSOMA SHEKARA]

Inviting Union leaders from all corners of the country to Mumbai to discuss residual issues and claiming sub judice and Unions accepting it is not negotiation. 

To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAEoOvA73L3mH1umqX0daW_tJWrJJE5pmzy-VGYzv4rGwtvyUzg%40mail.gmail.com.