Re: Digest for bankpensioner@googlegroups.com - 6 updates in 2 topics

[vaidya nathan]

Niranjan Sir

When our contribution to Pension fund is Zero, why should the Govt. Pay pension atall. It can stop forthwith.  When some banks go red in the past years, without any profit, due to NPA and Wilful Default , IBA should have stopped revision of wages for those bank staff.  If Money is the criterion, then why should there be wages revision. It is a waste to Revise wages , burden to Banks and Govt. 

Let us Not be Fooled on some pretext. Any agreement can be scrapped on exigencies.

VAIDYANATHAN 

Banglore

On Thu, Dec 4, 2025, 5:25 PM <bankpe...@googlegroups.com> wrote:

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• Watch "₹4.8 Lakh Crore Locked Down — Why Are Retirees Denied Pension Updates?" on YouTube - 5 Updates
• GOVT LIKELY TO DRAW UP MERGER PLAN BY FY.2027. - 1 Update

Watch "₹4.8 Lakh Crore Locked Down — Why Are Retirees Denied Pension Updates?" on YouTube

harinarayana sarma nandivada <nhns...@yahoo.com>: Dec 04 03:46AM A well reasoned analysis On Wednesday, December 3, 2025 at 03:52:41 PM GMT+5:30, P. S. SATYANARAYANA <peeyeshar...@gmail.com> wrote: 1. Amount in Pension Fund is not the property of pensioners. Once we opted for pension as a second benefit, giving up our second benefit of Provident Fund, we automatically lost our property in the 'Management Contribution to PF' account. Therefore, the bank rightfully took it back. The fact that the amount so taken from this account was transferred to Pension Fund is not at all concerned to us. Bank took back its own money and used it in whatever manner it deemed necessary.  2. Adequacy or over adequacy or under adequacy of Pension Fund balance is not our concern. It is for the bank to take care of its future contingent liability of pension payment. 3. Our statutory right against the bank is payment of pension by the bank (which is our deferred wage) as per Pension Regulations throughout our life; and thereafter payment of family pension as per rules. 4. Our demand for updation should not base on adequacy/over adequacy of Pension Fund balance.  5. RBI Pension Scheme is the bedrock of our Pension Scheme. In RBI, updation is already done twice. Therefore, for us also updation must be done on the same lines. 6. If provision in 35(1) is for updating pension of post 1986 retirees only, where is the need to replace the word 'will' with 'shall'? 7. Only AIBEA knows why updation, which was agreed upon by IBA during negotiations in 1992 was not included in PR.  -- P. S. Satyanarayana, Canara Bank Pensioner. On Wed, Dec 3, 2025 at 9:50 AM Sridhar Mandyam <mandy...@gmail.com> wrote:   Why we are connecting pension fund balance to our demands? When our contribution to the pension fund is ZERO we cannot demand updation based on the balance in pension fund. As expected bankers we should consider that whoever contributed to the pension fund expect maximum return. How is that we expect money in pension fund to be paid to us when our contribution is ZERO?.  On Tue, Dec 2, 2025, 09:37 Niranjan Cn <niran...@gmail.com> wrote:   Sir, pension amount is not based on the funds balance in Pension Fund.  Further, in what circumstances, the pension funds will have excess funds - to take care of pension updation cost ??? ANY ANSWERS ❓❓ Niranjan  On Mon, 1 Dec 2025 at 4:10 PM, Sarangapani Rao <sak...@gmail.com> wrote:   https://youtu.be/G48bhxmECRw?si=QcrK0j1tlXLagg45        Pension updation  RegardsSarangapani   -- Visit our blog site http:://bankpensioner.blogspot.com --- You received this message because you are subscribed to the Google Groups "bankpensioner" group. To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com. To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAGJJNEUDp86A5Kc0XK6_FiSP2P5nkU-cosh2veVy7fYyez2Jbw%40mail.gmail.com.       -- Visit our blog site http:://bankpensioner.blogspot.com --- You received this message because you are subscribed to the Google Groups "bankpensioner" group. To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com. To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAAX%2BdWFsnAGTxMnQWExj3Due-gowWV77tKAE_mOeviJNku5fUA%40mail.gmail.com.       -- Visit our blog site http:://bankpensioner.blogspot.com --- You received this message because you are subscribed to the Google Groups "bankpensioner" group. To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com. To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAEVYxa_ey3bFJBbmSEFvBZgZ7wGSvbDgj6AxzFHMouMd44zzfg%40mail.gmail.com.       -- Visit our blog site http:://bankpensioner.blogspot.com --- You received this message because you are subscribed to the Google Groups "bankpensioner" group. To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com. To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAB38uK4JMxQi4NrUpQR4%2Byx9Z4JymR%2BW2e7PWYVUH5tX7-KSFA%40mail.gmail.com.

Sridhar Mandyam <mandy...@gmail.com>: Dec 03 04:14PM +0530 Bankers contribution is not our contribution. Banks offered either pension or banks contribution. Some accepted pension, some accepted bank contribution. Where is our contribution? One cannot have pension and say I have contributed to pension fund

P. S. SATYANARAYANA <peeyeshar...@gmail.com>: Dec 03 04:15PM +0530 Balance in Pension Fund is maintained as required by Actuarial Valuation at the end of each year. The statement that Pension Fund is holding huge balance even to cover updation grant easily amounts to questioning the validity of Actuarial Valuation.   If we feel that the parameters considered in Actuarial Valuation are unrealistic and far from reasonableness, those points can be brought for discussion. Actuarial Valuation being a specialised subject, ordinary people cannot just say that valuation is not correct and valid.   If we agree that Actuarial Valuation is correct, we cannot say that balance in the Fund is much in excess. No prudent banker would keep huge excess balance in Pension Fund, much more than what is statutorily required, adversely affecting his financial strength.

Niranjan Cn <niran...@gmail.com>: Dec 04 10:26AM +0530 Sir,   All points are well taken. Regarding point number 6 - please read the amendments in the Annexure. Further, in 2005 itself - DFS/IBA has clarified that the amendments were nothing to do with Updation. Further, there is no need for appropriate clause for updation in Regulations. Even in RBI, first updation was donem then Regulationwers were amended. Similarly, our Familily Pension and DA for prior to 2002 retirees were also done. Further please read Karnatka High Court judgement in CBROA case - wherein 35(1) has been dealt with.   Niranjan Ex Canara   On Wed, Dec 3, 2025 at 3:52 PM P. S. SATYANARAYANA <

P. S. SATYANARAYANA <peeyeshar...@gmail.com>: Dec 04 11:25AM +0530 Referring to Sri P. P. Balakrishnan's message of 3rd Dec., nobody is saying that we are getting free pension. We are only saying that we have not contributed anything to Pension Fund in terms of 'money'.   However, pension is not free because it is our 'deferred wage'. This means that we contributed in terms of work during our service period. For the work done during our service period, we were not paid wages in full. Paying wage as per BPS does not amount to payment of full wages, when there is Pension Scheme. The concept of 'Deferred Wage' implies that the wages for some part of our work was not paid during service period; but was deferred to the period of our retired life.   Receiving that deferred wage now is our statutory right. Therefore, it is not free. It is our hard earned property.   -- P. S. Satyanarayana. Canara Bank Retiree.   On Thu, Dec 4, 2025 at 9:36 AM 'harinarayana sarma nandivada' via

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GOVT LIKELY TO DRAW UP MERGER PLAN BY FY.2027.

Sureshbhat M <sures...@gmail.com>: Dec 04 10:25AM +0530 Sir, what happened to LIC pensioners case scheduled yesterday 🙏

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[Sridhar Mandyam]

Banks pay pension because of the Pension Regulation which they have signed, not because of our contribution. The point is that we cannot demand updation just because there is a huge balance available in Pension Fund. Only the contributors to the fund can have a say. It is wrong to assume we have contributed to pension fund by surrendering the bank contribution.

To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAK_8OKSEnJXj5uizL%3Db9k0707jRxsko4_pJaFuaZkgtCEC7cPQ%40mail.gmail.com.