DISPARITY IN THE PENSION CIRCULARS

[Ramesh Sehgal]

Dear Sir,

Pl see the attached files for Pension Circulars of Canara Bank, Andhra Bank and Punjab & Sind Bank.

We find that Pension Circulars of Andhra Bank and Punjab & Sind Bank are very simple, lucid and in true spirit of helping the hapless compulsorily retired bank officers whereas Pension Circular of Canara Bank is very cumbersome, hard and not in true spirit of helping the hapless compulsory retired officers.

When there is uniform guidelines from Indian Banks' Association, then why all banks are not working on the same guidelines and issuing the circulars on same lines.

Circulars on Pension under Second Option of three different banks - Canara Bank, Andhra Bank and Punjab & Sind Bank - are showing glaring disparities. 

Will the concerned authorities - Executives of Canara Bank and Various Leaders of Associations/Union in Canara Bank look into the matter and will show gracious attitude for serving the true spirit of helping the hapless compulsorily retired officers of Canara Bank avoiding cumbersome conditions in the circular on Pension under Second Option opting for change to remove the cumbersome cluase/s in the circular.

Hope that compulsorily retired officers in Canara Bank will also easy approach alike of Andhra Bank and Punjab & Sind Bank to get their long awaited Pensions in a smoother way.

Thanks and regards.

Ramesh Sehgal

91-9990217028 

[premchand jaswal]

      In 2010 all branches were allowed to receive option letters from the retirees and issue acknowledgements. But as per Circular now issued by Canara Bank:
 "All options by the employees / officers shall be directly sent to the respective designated authorities as advised above. The Branch officials shall not receive any option letter or give acknowledgment to such option letter. However the branches may entertain the optees only for the purpose of attesting their signatures on the option letters or for remitting the refund amount conveyed by the concerned HRM Section, CO."
 
         Non issuance of acknowledgement to a retiree  may lead to complication in case the option is misplaced at any stage. A good number of such instances have already been reported and the concerned employee had to face problems for establishing that the option was exercised by him in time. All branches should be authorized to accept option letters and issue acknowledgements.of the same to a retiree.

P.C.Jaswal
9915486255

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[prabhu sharma]

I request to attach copy of circular of union bank of India in respect of second option of pension to compulsory retired bank officers/employees.

With regards

P.D.SHARMA

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[JSOMA SHEKARA]

Banks and IBA are violating Pension Regulations and are not impementing court orders in letter and spirit.

1. In spite of SC final order on two years back,and several HC verdicts before and after that reg   Pension option for CRS retirees, IBA implemented it after 1616-1684 SC verdict  fearing courts may award interest from 2009 in respect of CRS Pension option also in cases pending.

2. As regarding 1616-1684 Basic Pen fix anomaly verdict, Karnataka and Madras HC both have clearly stated that Commutation arrears have to be paid. In our Pension regulation there is no mention of second commutation. In such cases Central Govt Pension rules have to be followed.But it seems Banks are not paying Commutation arrears violating SC verdict.

Whatever we may argue our retiree associations neither have authority to demand IBA to implement court verdict properly nor retiree associations meeting with IBA even if permitted will not be considered as an official meeting.So any assurances tp retiree leaders by IBA officials in such meetings will not be binding on them to implement the same.

Only UFBU leaders have authority to have official meeting with IBA and ensure that above anomalies are set right.However they have completely ignored retirees and not taking any responsibility.

On Mon, May 14, 2018 at 9:52 AM, premchand jaswal <pcja...@gmail.com> wrote:

      In 2010 all branches were allowed to receive option letters from the retirees and issue acknowledgements. But as per Circular now issued by Canara Bank:
 "All options by the employees / officers shall be directly sent to the respective designated authorities as advised above. The Branch officials shall not receive any option letter or give acknowledgment to such option letter. However the branches may entertain the optees only for the purpose of attesting their signatures on the option letters or for remitting the refund amount conveyed by the concerned HRM Section, CO."
 
         Non issuance of acknowledgement to a retiree  may lead to complication in case the option is misplaced at any stage. A good number of such instances have already been reported and the concerned employee had to face problems for establishing that the option was exercised by him in time. All branches should be authorized to accept option letters and issue acknowledgements.of the same to a retiree.

P.C.Jaswal
9915486255

[bhaskara sarma]

Dear Somasekhara,

This can not be called as second commutation.The amount may be called as "Arrears of Commutation" as per SC verdict.Arrears of commutation we're given in 2009 when 5 year weightage was added.Hence the Arrears of Commutation are to be paid as per High Court and Supreme Court verdicts.

With regards,

P Bhaskara Sarma.

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[JSOMA SHEKARA]

Retiree associations in Banks must meet Bank management and insist SC verdict is implemented in letter and spirit. It seems banks are not paying commutation arrears and some banks are not paying interest. Simply issuing circulars are no use.

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