We really appreciate the efforts of SBMPC to enlighten retirees about actual facts about pensioners' issues.
One of the issues retirees are ignorant and most confused about is cost factor of updation and Merger of DA/
Retirees are wondering why it is not a big issue for Bank pensioners when RBI has implemented updation twice and may be LIC pensioners may also get it through SC.
IBA and UFBU repeatedly cite cost factor without providing any substantial data to support their claims.
Whereas Retiree associations are claiming 4 lakh crores pension fund is enough to implement updation.
So I request SBMPC to enlighten pensioners about
Actual cost and Provisional cost of Updation as per
Various formulas.
Whether Merger of DA also require huge funds/
Are retiree associations' claims about pension funds true?
If the above doubts are clarified there will be no misunderstandings about our demands.