PENSION UPDATION -EX-GRATIA

[MOHAN P]

Charter of demand no 28 " Updation of pension in line of central government and one rank one pension" What was achieved Ex gratia and what is the amount of ex gratia between 1000 to 3100 for officers per month . What should have been done to begin with .

we should have got at least updation of those pensioners who retired before nov 2007 whose pension is pathetic.there no is around 1.5 lakh .rest 6 lakh pensioners could have waited for 10 th joint note . Those who have retired recently there pension is not so bad but those who are above 75 their pension is very meagre .they deserve substantial hike in pension .they have got some relief through DA neutralization but more relief is required.

Moreover ex gratia is a charge over profit and loss which will affect our PLI while pension updation will be from pension fund . This issue was again left at the mercy of courts"

-GS,AIPNBOA

[Sadhan Bhattacharyya]

This is true. But it is the first time that pensioners issue has been discussed in the Bipartite negotiations. Bank pensioners are the worst lot , and though their issue has been noted,  the result is pathetic. We have little hope for the future .Even the minimum medical needs have not been taken care of. Instead of ex-gratia it would have been more benefic if the medical insurance issue was resolved.

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[Ramani Konnayar]

Original thinking of UFBU was on these lines only viz., UPDATION IN STAGES by doing it for the pre1/11/2002 group of pensioners, to start with. However, the retiree organisations, wherein the post 1/11/2002 retirees constituted around 75% of the membership took a hard stand that it should be " UPDATION FOR ALL OR UPDATION FOR NONE ".

As a result, UFBU had to change their demand and this led to abandonment of updation and securing ex-gratia. 

K N RAMANI

On Wed, 13 Mar, 2024, 8:47 am MOHAN P, <moha...@gmail.com> wrote:

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[manoj kumar Majumdar]

Mr. Ramani Konnyar, you have rightly pointed out the malady. UFBU and IBA had decided to update the pension step by step , starting with the pre-2002 retirees. For this purpose, they coined the term old Retirees. This idea was torpedoed by the Retirees' Associations. UFBU/IBA' s noble idea was thus buried under thick mud. Later the idea of Exgratia was floated and this pleases no section of the retirees. 

Manoj kr. Majumdar

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[kds nair]

This school of thinking has more weight than other schemes for updation at that time.Anyway it came to light that we were out own enemies.

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[K Balasubramanian]

Hard stand taken by the pensio ers of 9  th bipartite onwards stating that updation for all .no divide and rule policy .this is the catch for the derailment of pension updation.govt is ready for updation in the real sense of the term till 31.10 .2007 retirees who are drawing less  pension when compared to 9 th bipartite onwards . Union also out of enthusiasm pleaded updatiin for all which was not received well by the government .we have failed to encase  the sympathy of FM and failed to convert it into  pension updation for past retirees the famous phrase coined by UFBU  IBA DFS and finally FM .

This exgratia could have been avoided if we agreed for updation for past retirees. Pre may 2005 retirees lost solid 18 years of full DA neutralization ranging from 3 lakhs 10plus lakhs in absolute terms .

This  notional arrears amount with theoretical interest of 6 percent would have covered their updation cost for the few years that they are going to be associated with the earth .

Updation for all slogan only forced the government to take alternate method of some meagre payment in the form of exgratia .

We lost the opportunity to help seniors  indirectly for their updation and failed to start the updation wagon .

We might have suggested so many alternatives.  Updation upto 9 th bipartite and inclusion of special pay for pension from 10 th bipartite onwards and to consider updation for 10 th to 12 th during 2027 .

Updation upto 9 th bipartite for seniors. 

Special allowance for pension calculation from 10 th bipartite .

The above method if considered favorably benefitted all the staff 

Anyway we pre 2002 retirees are the worst sufferers  by whatever we will analyze the problem .

We the VRS 2001 category is a cursed lot who was made to suffer by the unions simply accepting the VRS . At that time due to pressure from IMF etc capital adequacy  international credit rating all made the government to introduce the scheme 

 Unions refused to think beyond their union out look .if VRS was rejected by one and all they would have forced to take some other decision which might have more repercussions. If the credibility of banks lost means the economy itself will derail.

We are victimized for accepting VRS.

Now also undergoing endless suffering .golden opportunity given by FM also not taken .FM helped for 100 percent with prospective effect .otherwise still suffering only even for that loss .

We are responsible for not getting updation and nobody else .

K balasubramanian   Indian bank  VRS 2001

On Wed, 13 Mar 2024, 15:43 Ramani Konnayar, <knra...@gmail.com> wrote:

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[Satyanarayana Rao]

This is baseless allegations against retirees associations. 

It is deliberate attempt  of stakeholders to ignore the age old demand of pension updation which was reflected as residual issues were continued even in 12 th bipartite and coind the new concept of Exgracia instead of pension updation. 

Retirees associations were vociferously fighting for pension updation and launched several agitational programmes including dharna at junter mantar Delhi.

It is the responsibility of stakeholders to achieve pension updation as demanded on10 th and 11 th and 12 th bipartite negotiations. 

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[RAGHUNATH JAGIRDAR]

How come this theory has come into picture? Change of mind by UFBU????? At a time when the Unions don't even bother to give an ear to Retiree's issues and the retirees are left high and dry, on what basis this theory that as 75% of the Pensioners constitute post 2002 period, unions had to change their mind. It is a ridiculous theory without any basis. 

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[Rajendra Walia]

I Fully subscribe to your view that it seems to be a baseless argument and afterthought by the UFBU and an act of face saving. The retiree associations have all the way been pleading for updation and would have never objected to such suggestion of stagewise updation, if put forth in right earnest .

 The stakeholders should put forth their demand for pension updation forcefully . It is upto the Banks/Govt to find out ways and means to meet with the requirement of necessary funds .Why should we suggest different solutions?  We should have our ,'just' right - the way Govt staff Unions work .By suggesting different solutions, we simply dilute our demand.The UFBU bats for working staff and cares " two hoots"for retirees. This is what we can make out from their actions till date.

 Rajendra walia

 From: bankpe...@googlegroups.com Sent: Thu, 14 Mar 2024 09:50:15 To: bankpe...@googlegroups.com, Ramani Konnayar <knra...@gmail.com> Subject: Re: bankpensioner PENSION UPDATION -EX-GRATIA This is baseless allegations against retirees associations.

It is deliberate attempt of stakeholders to ignore the age old demand of pension updation which was reflected as residual issues were continued even in 12 th bipartite and coind the new concept of Exgracia instead of pension updation.

Retirees associations were vociferously fighting for pension updation and launched several agitational programmes including dharna at junter mantar Delhi.

It is the responsibility of stakeholders to achieve pension updation as demanded on10 th and 11 th and 12 th bipartite negotiations.

Yahoo Mail: Search, organise, conquer

On Wed, 13 Mar 2024 at 15:43, Ramani Konnayar

<knra...@gmail.com> wrote:

Original thinking of UFBU was on these lines only viz., UPDATION IN STAGES by doing it for the pre1/11/2002 group of pensioners, to start with. However, the retiree organisations, wherein the post 1/11/2002 retirees constituted around 75% of the membership took a hard stand that it should be " UPDATION FOR ALL OR UPDATION FOR NONE ".

As a result, UFBU had to change their demand and this led to abandonment of updation and securing ex-gratia.

K N RAMANI

On Wed, 13 Mar, 2024, 8:47 am MOHAN P, <moha...@gmail.com');" >moha...@gmail.com> wrote:

Charter of demand no 28 " Updation of pension in line of central government and one rank one pension" What was achieved Ex gratia and what is the amount of ex gratia between 1000 to 3100 for officers per month . What should have been done to begin with .

we should have got at least updation of those pensioners who retired before nov 2007 whose pension is pathetic.there no is around 1.5 lakh .rest 6 lakh pensioners could have waited for 10 th joint note . Those who have retired recently there pension is not so bad but those who are above 75 their pension is very meagre .they deserve substantial hike in pension .they have got some relief through DA neutralization but more relief is required.

Moreover ex gratia is a charge over profit and loss which will affect our PLI while pension updation will be from pension fund . This issue was again left at the mercy of courts"

-GS,AIPNBOA

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[Raj Venkat]

All the comments point to re audit of pension funds as necessity and UFBU esp CHV was harping on pension updation stages since 2019..,Now he is not explicit on his past statements V,R 

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[JSOMA SHEKARA]

The issue of Updation is complicated as IBA is not ready to budge citing cost factors. It was also reported that DFS was ready to approve updation if a proposal is submitted by IBA but not willing to infuse funds for the purpose. In view of this stalemate UFBU, Retiree associations and IBA should have discussed the issue threadbare and could have arrived at an amicable settlement instead of taking a rigid stand.

During 2022 a step was taken in this  direction by proposing Updation in phases. First updation for past retirees that is pre 2002 retirees. The reason they have not seen revision in basic pension not even once during the last 20 years, and also they are aged whereas retirees from 8th BPS to 11th BPS have got 100% DA as well as  higher Basic pension. If this proposal was pursued vigorously some solution would have been found.

Negotiation between UFBU and IBA

"IBA is quite sympathetic to the issue, especially revision in pension for those who have retired under earlier Settlement periods when the emoluments were relatively lesser than the present". (B) “ IBA has already indicated that looking to the cost constraints, the issue would be pursued further for amicable solution subject to the Government's approval in this regard". (C) " IBA is actively evaluating the issue, as demanded by the Associations for which an Actuary is appointed.

But unions associations have their own goals. They strongly protested this which forced convenor of UFBU to write a lacklustre letter to IBA to demanding updation for all retirees from 01.11.1986 to 31.10.2017.

I am reproducing here text extracted  from the AIBPARC circular.

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"We are not in favour of making any artificial barrier in the community of Retirees. There is no need to bifurcate the elder citizens of the Industry further. We have been consistently demanding pension updation for all Retirees as per provisions laid down in Regulation 35(1) of BEPR,1995 which has been amended in 2002--03 duly notified in Government Gazette on 1st March, 2003.The said amendment reads " Basic Pension and additional pension, wherever applicable, shall be updated as per the formulae given in Appendix A....."

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[Ramani Konnayar]

Good presentation. What all you have stated are indisputable facts which are available in records. 

K N Ramani

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[MURALIDHARA E.V. EYUNNY]

Sir what's the present status of pension option to resignees?

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[Ramani Konnayar]

However small it may be, retirees of 31 10 2022 are going to get hike in pension with effect from the very next day in the name of Ex Gratia, whereas Pre 2002 retirees have waited for 21 long years to get this Ex Gratia, that too with a big doubt hanging over their heads about which DA should be taken to calculate ex gratia, viz., tapered DA as on 31 10 2022 or notional 100 % DA granted to them from Oct 2023. I would not blame UFBU or IBA in this regard. They were inclined to secure updation stage by stage but made a mistake by asking for opinions. At this point of time, IBA too wanted a concrete proposal. That concrete proposal landed as a big concrete block on the heads of pre 2002 retirees in the form of ex-gratia. 

It would have been better if updation of some sort was effected for pre2002 retirees and ex-gratia for the latter groups. 

On Fri, 15 Mar, 2024, 9:44 am JSOMA SHEKARA, <jsomase...@gmail.com> wrote:

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[R Balaji]

The gap in ex-gratia factor is .05 for 8th bipartite retirees whereas for all others the gap is between.02 

On Fri, 15 Mar, 2024, 16:10 R Balaji, <rbal...@gmail.com> wrote:

Always telling about pre 2002 retirees

But what about 8th bipartite retirees?

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[R Balaji]

Always telling about pre 2002 retirees

But what about 8th bipartite retirees?

On Fri, 15 Mar, 2024, 15:55 Ramani Konnayar, <knra...@gmail.com> wrote:

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[S L GULATI-ADV:-]

Now that unwanted "EX-GRATIA"  has happened. We were expecting a decent hike in our pension, maybe under a different nomenclature,  this time, but the hopes and expectations of the seniors have been dashed to the ground. Even, the ex-gratia was expected on the line of RBI updation and  I was not expecting it less than Rs.20000/- for the pre-2002  retirees. Mr. CHV and Mr. Bandlish used to boast in meetings and conferences that the revision would be decent and that the retiree would have no complaints,  this time. Somewhere retirees' associations are also responsible for this malice created by the UFBU. Some of my friends,  term the amount of Rs.8-10000 as decent ex-gratia, if it had been sanctioned. I differ !!!  After the lapse of 20 years, if Rs.10000/- had been given, that would have not been a solace to us. Simply the retirees of earlier years have been grossly cheated by the UFBU and that is why they shied away from disclosing the quantum before 8th March 2024.   Simultaneously, I am critical of the retiree associations,  who have not come out openly against this misadventure and the degraded act of the UFBU. 

Now that the Lok Sabha elections are bound to be announced tomorrow and the Govt, will be busy in electioneering,  we do not know who will be the next FM and a good opportunity has already been lost. This pittance has ruffled the feelings of the already hard-pressed seniors and the UFBU/IBA combine has added salt to their wounds. 

The new Govt. is to take over at the end of May 2024. 12th BPS joint note on resi-issues says, the ex-gratia shall be reviewed in April 24 and so on each year till 2027. What fun with the super seniors and seniors who are in the evening of their life and do not know what is in store for them in the future, with little hope of goodness from these elements.?  Pray that FM Sitharam is back as FM after 2-3 months and we can pray before her about the real issues that have not been tackled despite her being taken up forcefully and the mischief played upon the senior retirees.  She will be the beckon of hope, otherwise forget the AIBRF/ AIBPARC or any other outfits and the UFBU, who appear to be hand-in-glove with each other and we should not expect much from them. 

As JSOMA SHEKARA, has depicted rightly about the prospects discussed in the ongoing BPS negotiations for the revision of pension for the Pre-2002 retirees who were the gross sufferers, but the idea was stifled by the selfish retiree associations. Very sad and shameful on their part. Some of these heading the retiree organizations are retired from high positions in banks and they do not require any assistance and they have made much money which is sufficient for the next two to three generations even. How, can such people think beyond their circumference?  Any subscription to these organizations should be stopped by their members and should resort to direct action at Jantar Mantar after the new Govt. takes over.  There is left not much hope of doing any good by them. 

S L Gulati

Advocate (Ex-PNB SVRS-2000)

9034889525

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Thanks & regards.
Sincerely yours,

S.L.Gulati
Adv. & Tax Consultant
M- 90348-89525 (PNB EVRS)
M- 9306280765

[Ramarao Velagapudi]

Sub-Resignees are eligible for pension if they have 20 years' service.

I am forwarding herewith, an order of Karnataka HC awarding pension to a resignee - Chitra Raja Vs Syndicate Bank.

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[Ramarao Velagapudi]

Govt has now issued a circular dt. 16-3-2024 on pension to resignees on the same terms as the scheme which was introduced in 1995 wef 1993, i.e., 20 years service when an employee resigned. But pension was made eligible for those with 15 years in VRS scheme. I don't think it is applicable to resignees now. Those resignees with 15 years of service may try High court through a WP.

On Fri, Mar 15, 2024 at 3:53 PM 'MURALIDHARA E.V. EYUNNY' via bankpensioner <bankpe...@googlegroups.com> wrote:

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