MSG

[E.RAJENDRAN IYER]

*LET THERE BE JUSTICE ON* 

 

 *21/22 -1-2026

28/29 -1-2016

04/05 -2-2016* 

 *(On Wednesday &/or Thursday of three consecutive weeks commencing from Monday 19.1.2026)*

___________________

Final hearing in pending Public litigation under old M.C.Singla pension updation case is likely to be heard in the Supreme Court sometime on any of the above  referred dates. PSU Banks Pensioners are eagerly awaiting final verdict of SC in this case during this period as their pension / family pension has remained stagnant over the past 30 years.

The key issues are:

- *Violation of Constitutional Rights*: Ignoring pensioners' rights, including Article 14 (equality), Article 21 (right to life), and Article 300A (right to property).

- *Lack of Pension Updation*: Despite six wage revisions, pension hasn't been updated in 30 years, affecting retirees' dignity and financial security.

The external factors affecting delay might be :

1) GOI is contemplating major changes in the banking sector including their mega mergers, Uniform pay scale reforms, Stress on Privatisation  etc. For this bill is likely to be placed in LS in the forthcoming budget session.

2) LIC pensioners pension updation case (Similar to PSU banks case) is scheduled to be heard on 4.2.26 in SC).

It is presumed that at this juncture no other external factors might affect final hearing in M.C.Singla case.

 

Let's hope for a favorable outcome in the near future, certainly before the close of the current financial year 2025-26 despite all constraints.

Yudhishthira Bhargava 

Bank's Pensioner

[E.RAJENDRAN IYER]

*A Thought*

*Pension updation is an issue on which Bank unions can go on strike. The payment of 100% DA arrears from 2005 to pre-2002 retirees is also an issue on which a strike can be called.  Granting pension on special allowance is another issue that could lead to a strike.  Providing medical insurance to all employees/ retirees is also a valid reason for a strike.  The implementation of 8088 points DA for everyone is another issue against which a strike can be called against the IBA*.

*In some branches acute staff shortage can be an issue of protests*. 

 *However, 5-day banking is not an issue that warrants a strike, because it will not reduce your working hours; instead, it will increase the workload and lead to longer working hours and a higher probability of errors, leading to financial loss/ action against employees*. *Therefore, we consider this strike unnecessary,do not support it and oppose it.*

R.K. Verma.

Saharanpur.