Re: Fwd: IBA

[Debasish Mukherjee]

Mr.Shukla has rightly analyzed that post nationalisation Banks faced HR issues particularly the smaller Banks and paying capacity, affordability factors were considered first for the smaller Banks before considering employees justified demands. Ironically, paying capacity and affordability factors were never considered for appointments of the CMDs and Executive Directors of the Banks nor even for the smaller Banks. The CMDs & Executive Directors used to be offered exorbitant remunerations and perquisites and such high remunerations and perquisits are still being paid to the Banks MDs & E.Ds. But the union/UFBU leaders were never raised this point with the DFS & IBA. Another serious point is every year the Banks pay crores of rupees as subscription to IBA but the IBA does not furnish any statement of Accounts, submit Balance sheet nor disclose receipt and payment statement even though Banks funds IBA receives are public funds and as such IBA is bound to disclose Balance sheet and receipts & payments statements. But why the UFBU leaders do not raise objection for IBA hiding such disclosures? What secret is behind this illegal activities of IBA the union leaders are allowing for years? Why even Finance ministry and DFS are also silent in the matter?

Debasish Mukherjee.
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From: "Dr.Dhananjaya Bhupathi" <doctordh...@gmail.com>
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Subject: Fwd: IBA

---------- Forwarded message ---------
From: Dr.Dhananjaya Bhupathi <doctordh...@gmail.com>
Date: Thu, Feb 24, 2022 at 1:22 PM
Subject: Re: IBA
To: jagat niwas Shukla <jagat.n...@gmail.com>
Cc: <appoint...@gov.in>, Secretary FS <sec...@nic.in>,
<nsita...@gmail.com>, <bhagwa...@sansad.nic.in>,
<mosfi...@nic.in>, UPENDRA KUMAR <upendr...@gmail.com>, editet
<edi...@timesgroup.com>, <m...@ucobank.co.in>, singh raminder
<raminder...@gmail.com>, <hasmu...@gmail.com>, Kedar Shah -
Farrukhabad <kedar...@gmail.com>, YVS Rao
<yellamr...@gmail.com>, Rana Pratap Singh - GS, ABEU (U.P.)
<ranaps...@gmail.com>, Debasish Basu Chaudhury
<dbc2...@gmail.com>, All India Bank Pensioners' &' Retirees'
Confederation <aib...@gmail.com>, <sa...@iba.org.in>, yadvinder gupta
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GAN Shukla Ji!
Ur enlightening mail is an eye-opener to every Banker. They must study it.

On Thu, Feb 24, 2022 at 8:31 AM jagat niwas Shukla
<jagat.n...@gmail.com> wrote:
>
> फोरदreg; आफ बैंक पेंशनर एक्टिविस्टस्
> Forum of Bank Pensioner Activists
> PRAYAGRAJ
> न त्वहं कादreg;ये राज्यं  न स्वर्गं नापुनर्भवदreg;्।
> कादreg;ये दुःखतप्तानां प्रणिनादreg;ार्तिनाशनदreg;्॥
> हिदreg;ालयं सदreg;ारभ्य, यावत्  इंदु सरोवरदreg;्।
> तं देवनिर्दreg;ितं देशं, हिन्दुस्तानं प्रचक्षते।।
>
> IS IBA A PUBLIC, INDEPENDENT
> & AUTONOMOUS AUTHORITY
> ACCOUNTABLE TO GOVT?
>
> IF NOT, HOW CAN IT DEAL IN
> GOVT & PUBLIC AFFAIRS?
>
> ARE NOT PSBs PUBLIC
> INSTITUTIONS OWNED
> BY GOVT?
>
> IF YES, HOW IBA CAN HAVE
> VESTED RIGHT TO DECIDE
> PSBs HR, OPERATIONAL &
> BUSINESS ISSUES?
>
> In context of multiple Banks in one ownership, we shouldn't forget all PSBs are one unit in one trade & under one ownership. IBA came into being as Association of private Banks operating in India from 9/1946. In those days, according to size & strength, Banks were classified differently with different service conditions. History stands as testimony of these facts.
>
> 10 private General Insurance Cos. were nationalized following Bank Nationalization. They were amalgamated into 4 units and put under General Insurance Corporation. RBI, NABARD are different than the rest Commercial Banks. One is central of the country and other is  financer of agricultural & rural development through Cooperative Banks, RRBs.
>
> LIC is single unit as life insurer in Public Sector, so it is also one Unit. It's HR affairs are regulated & operationalized independently by management & unions. Same status of of GICs.
>
> Now, let us come to 12 PSBs, clubbed together.  By all fair standard, it would be correct to take them as one unit.
>
> Rest private sector Banks & foreign Banks are undoubtedly Member of IBA, but they have different business characteristics, operational strategies & HR policies. They differ among themselves in businesses, strategies & HR policies. They can be put in one basket.
>
> Initially trade Union movement in Banking was born with formation of AIBEA in 4/1946 for equatable compensation & service conditions of all Bankmen. It fought at various level for about 2 decade to meet the aspirations of Bank employees, irrespective their size & strength. In initial days it was good to unionize workforce, but later it proved counter productive, as the time proves.
>
> 14 major Banks were nationalized in 1969 followed with another 6 in 1980. If they put together including SBI & it's associates, they combine control 80% of Banking businesses.
>
> Just understand, after nationalization, Banking scenario in India took unimaginable transformation, while approach to HR issues remained the old one. HR interests of smaller Banks became the benchmark for Public Sector Banks. Affordability, in other words, Paying capacity, was the determinator of wages, allowances, Pension etc. For this vital aspect of workforce of PSBs & private Banks, in other words big & small Banks, were equated and what was affordable to smallest Bank was set as bench mark for all others. Thus,  what was good for Small Bank, was made the best for all PSBs.
>
> The most unfortunate situation has been that the Unions have been always cool with the IBA. They have had never any problem. Union leaders are overwhelmed and chocked throat by the hospitality of the IBA. They stand on one leg to accuse the government in  hundred ways, but stand in obeisance before the IBA. It's mysterious. Earlier there were  movements against the Banks, which are no longer visible, but even a telescope does not show any movement against the IBA any time in past. AIBOC had come out to venture & agitate, see what happened to them. The IBA and the rest of the Unions, including 2 officers' wings, together forced AIBOC to lay down it's arm. Poor Babu Moshai somehow saved his job by giving an unconditional apology. We consider it his wisdom. Abhimanyu is alive!
>
> (J. N. Shukla)
> National Convener
> 24.02.2022
> 9559748834
>

[Debasish Mukherjee]

Yes, this is a big question why the PNB retired employees counsel did not raise objection for SC allowing three months time to IBA for submitting report on updation of pension to the Bank retirees? Has the PNB retired employees counsel also been bribed by the IBA & Banks counsels?

Debasish Mukherjee.

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From: "Dr.Dhananjaya Bhupathi" <doctordh...@gmail.com>

Sent: Thu, 24 Feb 2022 21:55:43 GMT+0530
To: vasant vankudre <vasan...@gmail.com>
Subject: Re: IBA

Even if huge sums  are paid to lawyer[s] in SC, it is a miniscule
before the OMNIPOTENT IBA.

On Thu, Feb 24, 2022 at 5:42 PM vasant vankudre <vasan...@gmail.com> wrote:
>
> Sir,
> Intervention in the case with a strong lawyer is the only remedy left with the retirees. It may require a brave heart as well.
>
> Off course it may also require huge funds to be paid to lawyer who can convince the Apex Court that IBA AND UFBU ARE FOOLING RETIREES. Why PNB employees lawyer kept mum other day is big question.
> Perhaps the retiring chairman was their boss sometime in past ?
>
> Else a person appointed for specific perpose of PENSION UPDATION fails to do his duty in six months time should also be taken in fold as culprit. IBA has seeked 3 months time to appoint a new chairman and to form a committee to deal with this problem. Still there is no move to form a committee or new chairman.
>
> Off course this is my suggestion. The paucity of funds restricting me to do this.
> Give a thought.
>
> - Vasant Vankudre
>
>
>
>
>
>
> On Thu, 24 Feb 2022, 17:06 Dr.Dhananjaya Bhupathi, <doctordh...@gmail.com> wrote:
>>
>> Respected & the most revered Shukla Ji,
>> GAN. Your mail dated 24.02.20220 @ 8.21 AM.
>> What happened thereafter, out of my own perceptions, visualizations, I
>> write as follows.
>> Slowly & steadily, the changes in IBA, UFBU were ushered in by the
>> then ruling politicians.
>> UFM bureaucracy entered into IBA and started & caused looting PSB
>> deposits by the then ruling politicians. Added to this, they laid
>> their hands even on PSB EMPLOYEES’ PENSION FUND worth Rs.3 trillion &
>> successfully engulfed it. Major chunks were engulfed by his Lady Boss
>> + PC.
>> Now, IBA appointed 11 Advocates in SC & holds duly signed blank stamp
>> papers, obtained with undue influence & or coercion from CHV
>> [AIBEA/UFBU] & his protæcopy;gæcopy;, SCJ [ AIBRF].  Either IBA seeks umpteen
>> adjournments in any individual cases or fails to implement SC
>> judgments as per dictates of UFM bureaucracy. When one set of
>> bureaucracy is retired, another set enters to continue status quo
>> ante.
>> POLITICIANS MAY COME & GO. IT MAKES NO  DIFFERENCE.
>> What is remedy, in Ur opinion?
>> 2.  https://lnkd.in/f6eNdcv.
>>
>> 3. SATYAMEVA JAYATE!!!

[ravi jain]

Sir

Anyone , who thinks that he is so much intelligent to win case in the court, don’t fight case himself for benefit of lakhs of retiree. Only putting allegations on others do not serve any purpose, but spoils the retiree cause. When we are not able to do anything personally then mere writing long biased messages and advise don’t serve any purpose except shows writing skills of one without any practical guts to get anything from any quarter.

Be happy 

R k jain

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[Nagaraju Kakani]

Sairam, May be, every body is a share/stake holder in the NPA pool of No Proof Accounting.

Let the RBI/Govt bring a white Paper on the Loan Waivers and Write Offs so far by the Banks since the start of the Loan Waiver scheme in the Banks after Bank Nationalisation.Can any body guess the rough amount till date as the banks and courts are always telling Pension Updation is a costly affair.

With regards,

Nagaraju Kakani

Hyderabad 

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[Raj Venkat]

Respect view points and pluses and minuses.Don't play secondfiddle to the subterfuge of leaders. The very objective towards cause is doubtful.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAFHwMT7-AQFV3k6yTkOX3AcO0gW9%2BJWVChraKHm2yUFhVNmMnQ%40mail.gmail.com.

[JSOMA SHEKARA]

It is interesting to note that while IBA refused to discuss 100% DA and claimed sub judice in Record Note of 2015, IBA has no problem forming a parallel committee for updation while case is pending in SC. The strategy of IBA is to show that it is serious by announcing a committee for the consumption of retirees and still push matters till 12th BPS by giving false excuses. IBA had no intention to publish this report because doing so means IBA has to officially give valid reasons for refusing Updation with cost and other details.

But petitioners of Updation case considering the negative outcome of the case in HC, thought better to postpone the case till the committee submits its report as any negative outcome in case before the committee submits its report will have adverse impact. This was the right decision as IBA now is in fix. It cannot hide the report. So IBA is coming up with excuses in court once saying it has no update from the committee and the next saying committee is reconstituted. Considering the fact that It is difficult to reconstitute a committee and submit its report within a month SC has given time for 3 months. How long can the BA dodge the court? After one or two excuses it has to abide by SC directions and submit the report negative or positive. If Petitioners have not brought to the notice of the court, existence of the such committee IBA would have directly submitted the report to DFS and DFS would have refused sharing such report through RTI sttaing IBA does not come under RTI.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAEcYmfzZNFT8sDw7j9RvaktNMYqv%3DFOXUBqtF-rsb3O-fLWubA%40mail.gmail.com.

[P. S. SATYANARAYANA]

My reading of the situation is:

The sub-Committee of IBA will give a report containing what the MoF wants to give to bank retirees. The report from IBA is only a formality, for MoF to say in future that it only acted on the recommendation of IBA. In reality, it is IBA acting on the avdice-looking-instruction of MoF.

Court liberally giving three months time to IBA may be in the backdrop of IBA/GoI giving the court a firm and convincing assurance that they would come with 'something positive' within that time.

Making the Committee Report public is not of much relevance. Committee and its Report are internal matters of IBA. It may not be obligatory for IBA to publish its Committee Report. IBA's obligation is to submit a report to MoF.

Ultimately, the GoI does what it wants to. As retirees, we are interested in what the GoI ultimately decides to do, and how to proceed with our court cases.

This is only my individual opinion.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW09ONS4LGf1VWvQki9aCdF2qfD284GncmMYh9rGr7Uosw%40mail.gmail.com.

[JSOMA SHEKARA]

As per present BPS SYSTEM

Banks have to issue mandate to IBA to UFBU to negotiate updation-

UFBU has to place demand before IBA for Updation-

IBA has to call UFBU for negotiation-

Both UFBU and IBA have to discuss formula for Updation-

IBA has to come up with cost details-

issue to be discussed in threadbare and consensus has to be arrived-

an agreement has to be signed-

IBA has to send a proposal to DFS for approval-

DFS will process and approve the same.

**************************************

But Banks-IBA-UFBU-DFS all are not providing any information whether this process is completed.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAB38uK7HdVUnEVRiqPVappUb85YbmNM3Pk5s3px0VXhQDw-fag%40mail.gmail.com.

[Nagaraju Kakani]

Sairam, Good Morning. How to solve and who will solve for this for us - the Retirees/Pensioners.

Present BPS SYSTEM

**************************************

But Banks-IBA-UFBU-DFS all are not providing any information whether this process is completed.

STEP 1: Banks have to issue mandate to IBA to UFBU to negotiate updation

Ans:-Reply from Banks  - as they come under RTI ?

WHERE AS IBA, UFBU NOT COVERED UNDER RTI ! SO

[ STEP2:  UFBU has to place demand before IBA for Updation-

3.IBA has to call UFBU for negotiation-

4.Both UFBU and IBA have to discuss formula for Updation-

5.IBA has to come up with cost details-

6.issue to be discussed in threadbare and consensus has to be arrived-

7.an agreement has to be signed-

8.IBA has to send a proposal to DFS for approval -  ] 

THE STATUS OF ABOVE POINTS MAY NOT BE POSSIBLE !

STEP 9 :  DFS will process and approve the same.

Ans:- DFS may reply, Had they rec'd any proposal for Pension Updation ,as DFS is under RTI?

**************************************

But Banks-IBA-UFBU-DFS all are not providing any information whether this process is completed.

SO  WE ARE IN A FUNNY PUZZLE.WHO WILL SOLVE THIS ?

With regards,

Nagaraju Kakani

Hyderabad

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW3a5W1-gAAs-EBOA%2BYRt-Yz4oNTOouXRnx_eKb1uR2qSw%40mail.gmail.com.

[Shrinivas Parkar]

Shri Jsoma Shekara Sir has stated the present BPS System. Most humbly, I find that this all the steps in the System, as stated by Shri Jsoma Shekara Sir were not strictly followed at the time of approval of Family Pension Enhancement, as pointwise explained below. The procedure stated by Shri Jsoma Shekara Sir is written in Italic font with underline and the actual procedure followed for approval of Family Pension Enhancement is written in normal font.   

1. Banks have to issue mandate to IBA to UFBU to negotiate updation-

Banks had not issued any Mandate/ Instruction to IBA to Enhance Family Pension from 15% to 30% without any ceiling. In July 2020, IBA put the Memorandum of Settlement for the signature of UFBU. This Memorandum of Settlement did not contain any Family Pension Enhancement Clause.  Instruction for Family Pension Enhancement had come from the Government to IBA and therefore, IBA Chairman orally announced that Family Pension Enhancement has been agreed in principle, while UFBU Leaders were in process to sign the Memorandum of Settlement, without Family Pension Enhancement Clause, on 22^nd July 2020.

2. UFBU has to place demand before IBA for Updation-

Demand of Pension Updation and Family Pension Enhancement was put in the Charter of Demand submitted by UFBU to IBA. However, these Demands were just like putting Curry Leaves while cooking food to add the taste and throwing these Curry Leaves while actually eating the food. It was IBA Chairman, who unilaterally announced agreeing Family Pension Enhancement, in principle, most probably under instruction from DFS.

3. IBA has to call UFBU for negotiation-

Issue of Family Pension Enhancement was not at all negotiated between IBA & UFBU.  

4. Both UFBU and IBA have to discuss formula for Updation-

Formula for Family Pension Enhancement was not at all discussed between IBA & UFBU. IBA Chairman unilaterally announced formula and UFBU Leaders just heard the same with Deaf Ear.

5. IBA has to come up with cost details-

Initially, IBA had not come up with cost details, while forwarding Family Pension Enhancement Proposal along with BPS, to DFS for approval, in November 2020. It was in December 2020 that  DFS asked IBA to submit Financial Implication/ Liabilities of Family Pension Enhancement. On 25^th January 2021, IBA provided required details.     

6. issue to be discussed in threadbare and consensus has to be arrived-

Issue of Family Pension Enhancement was not at all discussed between UFBU and IBA, and therefore question of arriving at consensus does not arise at all.  

7. an agreement has to be signed-

IN BPS only one line was written that, ‘It has been agreed to Enhance Family Pension from 15% to 30% without any ceiling, subject to Government approval.’

8. IBA has to send a proposal to DFS for approval-

The above stated ‘One Line Proposal’ was sent to DFS for approval.  

9. DFS will process and approve the same.

DFS processed and Honourable Finance Minister Most Respected Nirmala Sitaraman Madam announced approval of Family Pension Enhancement.

**************************************

10.            But Banks-IBA-UFBU-DFS all are not providing any information whether this process is completed.

I feel that same as Family Pension Enhancement, diversion may take place and shortly Honourable Finance Minister Most Respected Nirmala Sitaraman Madam may announce Pension Updation.

If all the steps stated by Shri Jsoma Shekara are made mandatory, Pension Updation will never take place. We earnestly seek active intervention of Honourable Finance Minister Most Respected Nirmala Sitaraman Madam.

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[JSOMA SHEKARA]

Mr.Parkar

Nothing happens without  the knowledge of UFBU including  Family pension.

IBA chairman entering the BPS meeting and announcing the Family pension is just a drama enacted for the consumption of retirees. The issue had already been discussed two years back and UFBU might have agreed for the family pension in lieu of updation and kept it pensing to make it a part of BPS.

Please go through proceedings of the Triennial National Conference of AIBRF held on 1st march 2019 where IBA chairman and CHV also were guests. It is reported that

"CHV indicated that the improvement in family pension is at the advanced stage of negotiation and is likely to become reality in the settlement"

 So it is wrong to assume that IBA took a unilateral decision as per directions of DFS.

If FM could give such directions she could also give directions for updation. There was no necessity for FM to urge SBI Deputy Chairman and iBA chairman to look into the issue of Updation and again advise them in open meeting.

As on March 2019 both IBA and UFBU had no intention to discuss Updation  but the approval of Updation in RBI changed the situation. AIBEA after that also issued charts of Updation calculations to show they are serious but failed to discuss it in BPS meetings.

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[Nagaraju Kakani]

Sairam, Thank you Dear Sri Shrinivas Parkar for your confidence and wish.

May Bhagawan Bless All of Us.

WIth regards

Nagaraju Kakani

Hyderabad.

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[JSOMA SHEKARA]

Further I am reproducing parts of speeches of IBA chairman Sri. Sunil Mehta and CHV.

Please note that the IBA chairman said retirees' issues will be considered if raised by Unions. He did not mention anything about the cost. But CHV says Updation issue will be discussed considering availability of funds etc.

***********************************

d) The Chief Guest, Shri Sunil Mehta delivered the key note address while inaugurating the conference. He assured that IBA would consider retiree issues during the on-going wage negotiation and expected that the retiree issues would be raised by UFBU leaders. He also made appeal that retiree should use their expertise and experience in supporting banks in their functioning whenever occasions come and also they should engage themselves in rendering services to the society. His encouraging speech was well received and he was giving standing ovation by more than 2000 retirees present in the stadium.
(e) AIBEA General Secretary, Comrade C.H. Venkatachalam addressed the house as guest of honor. He expressed unqualified support to the pending issues of retirees. He pointed out that important pending issues of retirees are the part of AIBEA and UFBU charter of demands submitted to IBA for wage negotiation and UFBU has been seriously raising them during talks. He indicated that improvement in family pension is at the advanced stage of negotiation and is likely to become reality in the settlement.
He further informed that discussion will be held on Updation issue for taking it
forward considering the position of pension funds etc.

[Shrinivas Parkar]

Those Members of this Blog who believe that UFBU may get Pension Updation for Retirees, such Members  may continue to believe the same and if possible, such Members  may use their good relations, if any, with UFBU or any Union/ Association of Working Staff, to  request & follow up with such Union/ Association of Working Staff to put efforts for getting Pension Updation for Retirees, without further delay. This is my Humble Request in the interest of all Bank Retirees. We Retirees may be grateful to such Members, if these Members update us with the result of their follow up with UFBU or Union/ Association of Working Staff, done if any, from time to time.  

Those who  believe that UFBU may not do anything for getting Pension Updation for Already Retired Staff, they may initiate or continue their independent efforts for getting Pension Updation for us, as deemed fit and necessary by them. 

Anyway, we are interested in getting Pension Updation for all of us.  Through whom and by which way Pension Updation  is achieved, it is immaterial for us. 

 

    

On Thursday, 3 March, 2022, 09:07:56 am IST, JSOM

A SHEKARA <jsomase...@gmail.com> wrote:

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[Shrinivas Parkar]

Presently Banks are competing with each other in reducing Interest Rate on Housing Loan, which is come down at Bottom Level of 6 50% p.a., which is unreasonably low. As a result, Loan Entitlement of Housing Loan Borrowers has increased tremendously. This is not for the Benefit of Common Home Buyers, but for the Benefit of Wealthy Builders, who are lootting Common Men, by exorbitantly increasing Prices of Homes, taking advantage of increased Loan Entitlement of Housing Loan Borrowers. 

I feel that if Interest Rates on new Housing Loans are increased by 1% to 2% at 8.5% p.a., PSU Banks may earn Higher Profit to easily fulfil their Obligations including Pension Updation. There was good demand for Housing loan even when Housing loan Interest Rates were 11% or more, just 6-7 years back. There is no justification for the Welfare Government to enrich Wealthy Healthy Builders and refusing Pension Updation for Poor Pensioners. 

[Shrinivas Parkar]

For the General Election  of 2014, Most Respected Narendra Modiji Sir was selected as Face of BJP for the Post of Prime Minister. At that time, Most Respected Narendra Modiji Sir was Chief Minister of Gujarat. He visited Border to meet Army staff. Before Army Staff, Most Respected Narendra Modiji Sir announced that he would introduce OROP for Army Staff, if he becomes Prime Minister of India. Really Most Respected Narendra Modiji Sir became Prime Minister of India. After few days Army Staff started agitation for OROP, reminding assurance of Hon'ble Prime Minister Most Respected Narendra Modiji Sir. OROP was not implemented and Hon'ble Prime Minister Most Respected Narendra Modiji Sir, in his Famous Radio Programme namely, 'Man Ki Baat', gave excuse that he was not aware of Complications in OROP, because he was only Chief Minister of Gujarat, at the time when he gave such assurance. However, subsequently he had to implement OROP for Army Staff.

Excuse of Hon'ble Prime Minister Most Respected Narendra Modiji Sir in 'Man Ki Baat' was acceptable in view of the fact stated by him. However, when Hon'ble Finance Minister Respected Nirmalaji Madam publicly announced her Assurance/ Commitment for Bank Pension  Updation, she was already Finance Minister of India and was supposed to know all the facts about Bank Pension Updation. After grasping all the facts only she had instructed IBA Chairman for Bank Pension Updation and also announced this fact Publicly. What excuse Hon'ble Finance Minister Respected Nirmalaji Madam can give for not implementing Pension Updation for Bank Retirees?

[Shrinivas Parkar]

Ex-Chairman of PNB namely Respected Mallikarjuna Rao Sir has been retired on 31st January 2022. I feel that now he can become Member of our Retirees Association. I feel that our Retirees Association may approach Respected  Mallikarjuna Rao and offer important position to him in our Retirees Association. 

[Anantharaman Tg]

Perhaps she is not aware of the fact that IBA, that is

all the Banks, and also the major parties involved

in the negotiations for wages etc. are dead against the

updation of pension! 

She should be apprised of the updation of pension in

RBI, NABARD and the need to extend the same to

bank pensioners too.

On Sun, 6 Mar 2022 at 12:51, 'Shrinivas Parkar' via bankpensioner <bankpe...@googlegroups.com> wrote:

For the General Election  of 2014, Most Respected Narendra Modiji Sir was selected as Face of BJP for the Post of Prime Minister. At that time, Most Respected Narendra Modiji Sir was Chief Minister of Gujarat. He visited Border to meet Army staff. Before Army Staff, Most Respected Narendra Modiji Sir announced that he would introduce OROP for Army Staff, if he becomes Prime Minister of India. Really Most Respected Narendra Modiji Sir became Prime Minister of India. After few days Army Staff started agitation for OROP, reminding assurance of Hon'ble Prime Minister Most Respected Narendra Modiji Sir. OROP was not implemented and Hon'ble Prime Minister Most Respected Narendra Modiji Sir, in his Famous Radio Programme namely, 'Man Ki Baat', gave excuse that he was not aware of Complications in OROP, because he was only Chief Minister of Gujarat, at the time when he gave such assurance. However, subsequently he had to implement OROP for Army Staff.

Excuse of Hon'ble Prime Minister Most Respected Narendra Modiji Sir in 'Man Ki Baat' was acceptable in view of the fact stated by him. However, when Hon'ble Finance Minister Respected Nirmalaji Madam publicly announced her Assurance/ Commitment for Bank Pension  Updation, she was already Finance Minister of India and was supposed to know all the facts about Bank Pension Updation. After grasping all the facts only she had instructed IBA Chairman for Bank Pension Updation and also announced this fact Publicly. What excuse Hon'ble Finance Minister Respected Nirmalaji Madam can give for not implementing Pension Updation for Bank Retirees?

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[JSOMA SHEKARA]

There is a difference between OROP for defense  and Updation for Bank retirees.

OROP is sanctioned out of budgetary allocation and  the Finance minister can allocate funds for OROP in the budget.

Bank pensioners Pension Updation cost is met out of Pension Funds and for which Banks have to make adequate provision out of revenue/profits.. Before that, UFBU which has the absolute right to negotiate retirees issues, discuss the issue with IBA and arrive at a formula for updation and sign agreement. And a proposal has to be submitted to FM and approval has to be obtained. After that Banks will make provision for Updation.

Now UFBU and IBA never discussed Updation except circulating that IBA said this and that.

1. In this situation can FM pass an order directly ignoring UFBU and BPS for Updation?

2. As the matter is not discussed by IBA and UFBU how FM can decide the type of formula etc.

3. Will UFBU accept this? If FM can issue direct order for updation she can also issue direct order for wage revision by passing BPS.

4. Actually DFS had urged the  Banks  two years before the due date to complete 11th BPS. But IBA and UFBU as usual to get more levy took 3 years to complete BPS.

5. Only alternative is DFS should delink superannuation benefits issue from BPS and appoint a special team to negotiate retirees issues.

I think under the present BPS system FM cannot intervene and pass durect orders ignoring BPS. Please enlighten me whether FM canpass such orders?

On Sun, Mar 6, 2022 at 12:51 PM 'Shrinivas Parkar' via bankpensioner <bankpe...@googlegroups.com> wrote:

For the General Election  of 2014, Most Respected Narendra Modiji Sir was selected as Face of BJP for the Post of Prime Minister. At that time, Most Respected Narendra Modiji Sir was Chief Minister of Gujarat. He visited Border to meet Army staff. Before Army Staff, Most Respected Narendra Modiji Sir announced that he would introduce OROP for Army Staff, if he becomes Prime Minister of India. Really Most Respected Narendra Modiji Sir became Prime Minister of India. After few days Army Staff started agitation for OROP, reminding assurance of Hon'ble Prime Minister Most Respected Narendra Modiji Sir. OROP was not implemented and Hon'ble Prime Minister Most Respected Narendra Modiji Sir, in his Famous Radio Programme namely, 'Man Ki Baat', gave excuse that he was not aware of Complications in OROP, because he was only Chief Minister of Gujarat, at the time when he gave such assurance. However, subsequently he had to implement OROP for Army Staff.

Excuse of Hon'ble Prime Minister Most Respected Narendra Modiji Sir in 'Man Ki Baat' was acceptable in view of the fact stated by him. However, when Hon'ble Finance Minister Respected Nirmalaji Madam publicly announced her Assurance/ Commitment for Bank Pension  Updation, she was already Finance Minister of India and was supposed to know all the facts about Bank Pension Updation. After grasping all the facts only she had instructed IBA Chairman for Bank Pension Updation and also announced this fact Publicly. What excuse Hon'ble Finance Minister Respected Nirmalaji Madam can give for not implementing Pension Updation for Bank Retirees?

--

[kushal mukhoti]

A inovative idea. But, millions of existing and prospective home buyers who have  purchased or intend to have their own dream home by availing bank loan at a comparatively cheaper rate of interest solely to provide funds to update pension for a few lakhs bank pensioners, will not definitely welcome this suggestion, let alone what will be the impact of this on the real-estate sector and employment generation.

On Sun, 6 Mar, 2022, 12:51 PM 'Shrinivas Parkar' via bankpensioner, <bankpe...@googlegroups.com> wrote:

Presently Banks are competing with each other in reducing Interest Rate on Housing Loan, which is come down at Bottom Level of 6 50% p.a., which is unreasonably low. As a result, Loan Entitlement of Housing Loan Borrowers has increased tremendously. This is not for the Benefit of Common Home Buyers, but for the Benefit of Wealthy Builders, who are lootting Common Men, by exorbitantly increasing Prices of Homes, taking advantage of increased Loan Entitlement of Housing Loan Borrowers. 

I feel that if Interest Rates on new Housing Loans are increased by 1% to 2% at 8.5% p.a., PSU Banks may earn Higher Profit to easily fulfil their Obligations including Pension Updation. There was good demand for Housing loan even when Housing loan Interest Rates were 11% or more, just 6-7 years back. There is no justification for the Welfare Government to enrich Wealthy Healthy Builders and refusing Pension Updation for Poor Pensioners. 

--

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[Raj Venkat]

If Family pension which is sequel to pension ,has been updated!!! If such an action is taken why not updation Taking refuge under regulations is subterfuge of many in top so that they pass away their time with their earned(?) Money VR

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[JSOMA SHEKARA]

When he was an MD and had powers to do something and also was  chairman of the committee for 6 months he failed to do justice for pensioners. So what is his value after retirement. What is our value in the view of IBA and UFBU. Nothing. Will IBA care for him after retirement?

On Mon, Mar 7, 2022, 09:59 'Shrinivas Parkar' via bankpensioner <bankpe...@googlegroups.com> wrote:

Ex-Chairman of PNB namely Respected Mallikarjuna Rao Sir has been retired on 31st January 2022. I feel that now he can become Member of our Retirees Association. I feel that our Retirees Association may approach Respected  Mallikarjuna Rao and offer important position to him in our Retirees Association. 

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[JSOMA SHEKARA]

We are fed up with Retiree organizations and UFBU for writing letters again and again without even informing whether they have received acknowledgement and reply. No action. Any pensioners can send hundreds of such emails/letters. This is neither proof of action nor will any way help retirees. I have conveyed the same to S.C.Jain. Being the supreme head of a Major organization, whether he had time and patience to go through my letter I do not know.

*******************************

To Sri.S.C.Jain

General Secretary

AIBRF

Respected Sir,

                  Sub: Long pending issues-Pension Updation and 100% DA.

                 Respected Sir, I humbly request you to permit me to present before your good selves following points for your kind consideration.

                 As you are aware, Pre-2002 pensioners who retired two decades back are aged between 70 and above now. Their pension was not even revised once and 100% DA also denied. Justice demands that their issues are to be taken up with top priority before these species become extinct. It is also crystal clear that Reg 35/1 etc do not provide for Pension updation and clause No,12 and 56 were not included in Pension Regulations.

              Under the present BPS system UFBU and IBA should discuss the updation issue in threadbare, arrive at an agreement and send a proposal to DFS for approval. Before that UFBU must discuss the issue and arrive at consensus on formula for updation etc to present united and strong demand for updation before IBA. It is for the Banks to worry about funds and provide for the same and Unions need not worry about funds. FM has already said in parliament that if IBA sends a proposal it will be considered. There is no other alternative short cut method  other than the above procedure.

              Writing letters to IBA, DFS or any other dignitaries will be only a consolation effort to satisfy pensioners but do not in any way help in resolving the issue. FM will not pass direct orders for updation by passing BPS.

               But the attitude of UFBU leaders is unfortunately most disappointing. UFBU as a recognized union cannot keep quiet writing one or two letters to IBA and claim IBA not responding.

Retiree associations are links between ordinary pensioners and Union leaders. As such we kindly request you to strongly insist UFBU to take up the issue on war footing with IBA. If IBA is not responding, Retiree associations and UFBU can take joint delegation to FM to issue instructions for IBA to start negotiations regarding U[dation demand.

Updation procedure involves deciding Formula, merging DA@ certain Index level, adding load factor and arriving at a new Basic Pension. IBA and UFBU are very capable of doing this exercise as since the last 5 BPS periods they have been going through this exercise for wage revision and we sincerely feel no committee is required for this.

               We pensioners humbly request once again to pressure UFBU to take up the updation issue with IBA on priority basis.

              Please excuse me and ignore this mail if I am hurting you or inconveniencing you in any manner.

Thanking you

J SOMASHEKAR

Pre-2002 retiree

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[Hans Raj Manuja]

Chairmen and ED get their pension and other benefits as per Central Government employees norms . Our pension norms do not apply to them . Why and what for they should join retirees association ? Approaching them will be of no use at all .

    If he were to do any good to bank retirees he would have done it while in service ! Now he is just like dead wood .

On Mon, 7 Mar 2022, 9:59 am 'Shrinivas Parkar' via bankpensioner, <bankpe...@googlegroups.com> wrote:

Ex-Chairman of PNB namely Respected Mallikarjuna Rao Sir has been retired on 31st January 2022. I feel that now he can become Member of our Retirees Association. I feel that our Retirees Association may approach Respected  Mallikarjuna Rao and offer important position to him in our Retirees Association. 

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[Nagaraju Kakani]

Sairam, Retired Chairmen and EDs get 2 pensions, one as Chairman and ED, another as GM of the parent Bank.

I donot know whether they are allowed to be members of the Bank Retirees / Pensioners associations.

WIth regards,

Nagaraju Kakani

Hyderabad

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[Raj Venkat]

Yes.I had this doubt.How many letters are replied by IBA and bank top brass.I don't see replies at all.Only information by these union leaders like CHV as to contents of such replies.Trust is dwindling.VR

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[Seshaiyer Devadass]

Sir

Previously the banks were providing funds for pension on monthly basis. When salary is being paid, the same would find a place, viz., PF-employee; PF-bank and Pen-bank in SBI. When AS15 pattern introduced they stopped the procedure and made provision for pension funds on yearly basis. But it is statutory and should allot the funds before declaring profits. (declaring profits of PSBs is also a mystery and how they calculate the profit after provisioning safely for all npas). As the funds position in PSBs pension funds is very much safe to make pension updation. But govt is again again making statements that the pension funds are not adequate to meet out the increase in pension. It is not true. Even if the position is not sufficient, the govt should make good the same. When they transfer funds from RBI to write off npas (though the exact details are not available) why they are not ready to do for the bank employees. Let us mount pressure on the govt to do the same.

S.Devadass, State Bank of India - Retd, Palani-624601

Cell:9442250104

Virus-free. www.avast.com

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[mohan p]

Dear Friends,

This is a subject we have discussed on several times.Still some repeat that Pension Fund is adequate to meet cost of pension updation!

When we  talk about Updation of Pension let us not bring Pension Fund in the picture.

Though monthly pension is paid out of pension fund, the maintenance of fund is the statutory obligation  of banks.

Existing pension fund is meant for paying pension for current as well as future pensioners who opted for it.

Any additional burden/cost  has to be contributed by banks from its revenue.

As stipulated under Bank Employees  Pension Regulations,1995 the Bank shall cause an investigation to be made by an Actuary into the financial condition of 

the Fund every financial year on the 31st day of March, and make such additional annual 

contributions to the Fund as may be required to secure payment of the benefits under these regulations.

Example is before us. While making payment of   enhancement  Family Pension at uniform rate of 30%,during last year,the required cost arrived was around Rs.20300 crores,which was allowed to amortize by RBI,  for five years.

No doubt,in case of updation of pension too there may have a cost, which has to be contributed by banks.We pensioners have no role in it and need not break our head on it.

Discussion on pension fund may not take us anywhere.

Banks have to do it as done in the case of payment of enhanced Family Pension.

Let us focus on Updation of Pension. and payment of uniform DA to all.Pension fund is not our concern,and ways to accomplish our above  demands is significant.

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[Sridhar Mandyam]

What pension fund has to do with our pension updation? Is there any contribution of pensioners in pension fund?

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[Shrinivas Parkar]

Shri Jsoma Shekara Sir has perfectly described the Prevailing BPS System. For the last 25 years, we relied upon this BPS System innocently or foolishly believing that with and only with such BPS System, we may get Pension Updation and have been watching our disappointment helplessly at every BPS. But, now it appears that God has listened our prayers and has come to our help. It is by grace of God that magically a drastic turn has taken place and it is first time in the History that any Honorable Finance Minister has come in full support of Bank Pensioners.

Shri Jsoma Shekara Sir says that, “I think under the present BPS system FM cannot intervene and pass direct orders ignoring BPS. Please enlighten me whether FM can pass such orders?”

Ok, as required, I am trying to enlighten with due respect to Shri Jsoma Shekara Sir, though the latest Example, even at the cost of repetition, as follows:-.

This happened some 4-5 years ago. Most Respected Nirmala Sitaramn Madam has been Honourable Finance Minister of India and Respected Urjit Patel Sir was Governor of Reserve Bank of India. At that time, Reserve Bank of India was having Huge Reserve Funds, kept for some Specific Purpose of Stabilising Economy/ Banking System through proper Mechanism. The System to utilise these Funds was that a Report of instability in Economy/ Banking System to be prepared by Economic Department. Operation Department, after studying the Report would recommend to RBI Governor for utilising these Reserve Funds for stabilising Economy/ Banking System. After considering the same in Meeting of the RBI Governing Body, Governor of RBI would approve utilisation of these Reserve Funds for the specific purpose of stabilising Economy/ Banking System, in the approved manner. However, the Government wanted these Reserve Funds lying with Reserve Bank of India to be transferred to the Government Treasury, which was against the Prevailing System. Respected Urjit Patel might have felt this as an irregular transaction and may be reluctant to do such act contrary to the system. But the Government was firm on their Decision. Just like our BPS System, as per RBI system, Honourable Finance Minister cannot intervene in RBI System and pass direct orders ignoring RBI Governor. Then what the Government/ Honourable Finance Minister did? The Government/ Honourable Finance Minister did something, not known to General Public that Respected Urjit Patel Sir had to resign against his will. Then Respected Shaktikant Das Sir came as new RBI Governor and within 15 days, these Huge Reserve Funds lying with Reserve Bank of India meant for some Specific Purpose and to be utilised in a specific manner, were transferred to the Government Treasury, as desired by the Government/ Honourable Finance Minister. Thus, without intervening in RBI System and passing direct orders ignoring RBI Governor, Government/ Honourable Finance Minister translated their desire into reality.

It cannot be ruled out that the present BPS System may be set aside and more or less system as above may be followed for our Pension Updation. Honorable Finance Minister Most Respected Nirmala Sitarman Madam may orally instruct Honourable IBA Chairman to put up a Pension Updation Proposal say based on RBI Formula, for her approval. Honourable IBA Chairman may listen or opt to resign like Respected Urjit Patel Sir. The Present or New Honourable IBA Chairman, as the case may be, may put up a Pension Updation Proposal to DFS. Honourable Finance Minister may approve the same. DFS may ask Honourable IBA to submit necessary Draft of Amendment in Pension Regulation. DFS may approve the Draft Amendment in Pension Regulations. A Gazette Notification may be issued by the Government. Honourable  IBA may advise PSU Banks to incorporate Pension Updation amendment in Banking Regulations. After doing this,  PSU Banks may implement Pension Updation as directed by Honourble IBA. With this, Pension Updation may take place in PSU Banks. 

More or less similar process was adopted for Recent Family Pension Enhancement with addition of only one simple step that in BPS, a single line was added stating, “It has been agreed to enhance Family Pension to 30%, without any ceiling, subject ot Government Approval.” I Feel that even this step of writing one line in BPS is avoided, the DFS can implement Pension Updation in PSU Banks, as stated above, because Pension Regulations are also legally binding on Banks.

From our past experience, we now may not remain foolish to depend on UFBU but have to politely follow up with Honourable Finance Minister of India Most Respected Nirmala Sitaramn Madam for our Pension Updation.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW2vya76Qpe0CHOUVVTWvRn97xd-6PEzuCMz4eL-zv6HAw%40mail.gmail.com.

[JSOMA SHEKARA]

Pensioners have no right over pension funds. It does not belong to us. Banks  on assessment of pension liability provide funds out of profit. Just for example. If tomorrow the Pension funds balance is zero, Banks cannot stop pension payments claiming insufficient  pension fund balance.

If IBA and UFBU discuss updation issue seriously and arrive at an agreement and if FM approves it, Banks will provide funds. Banks have provided funds for Family pension also. Also Banks have disbursed several crores of Rupees arrears consequent to court verdicts. Can they refuse paying arrears after court verdict saying pension funds balance is insufficient? Arguing our case in updation case basing on Reg 35/1 or availability of pension funds is fatal.

FM has already made her intention clear. Now our Updation demand is depend upon sincerity of our leaders to take up the issue strongly  and commitment of IBA in honoring FMs advise.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDRKpUU%3Dy4JXOUfqF6kWM9Hgt21aR1jsoSj8S8zgro918g%40mail.gmail.com.

[Shrinivas Parkar]

Unless a Child cries, his Mother does not feed Milk. More than 16 months are over for Public Interview Statements of Hon'ble Finance Minister Respected Nirmalaji Madam. So, now we have to start crying so that attention of the concerned is received by us. I appeal and request our Retirees Association and their Units to intensify Peaceful Demonstrations in various Cities, more Particularly at Mumbai & Delhi, simultaneously approaching Hon'ble Finance Minister Respected Nirmalaji Madam to remind her assurance & Commitment of 30th October 2020.

We can start Mahatma Gandhi Method and post envelopes to IBA containing Rose Flower with Message, 'Get Well Soon'.

[Suryakumaran Nair]

Yes, If the child cries the  mother may give milk and for that it should be the "mother's child", and some other mother may also give though the child do dot belong to her.  Here it is not "your Government" in its strictest sense but belongs to the Corporate and it will give milk only to its child.

On Wed, Mar 9, 2022 at 10:04 AM 'Shrinivas Parkar' via bankpensioner <bankpe...@googlegroups.com> wrote:

Unless a Child cries, his Mother does not feed Milk. More than 16 months are over for Public Interview Statements of Hon'ble Finance Minister Respected Nirmalaji Madam. So, now we have to start crying so that attention of the concerned is received by us. I appeal and request our Retirees Association and their Units to intensify Peaceful Demonstrations in various Cities, more Particularly at Mumbai & Delhi, simultaneously approaching Hon'ble Finance Minister Respected Nirmalaji Madam to remind her assurance & Commitment of 30th October 2020.

We can start Mahatma Gandhi Method and post envelopes to IBA containing Rose Flower with Message, 'Get Well Soon'.

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[Shrinivas Parkar]

The fact that this Government has Enhanced Family Pension to 30% proves that the Present Government treats us like its own Children. Due to this Family Pension Enhancement, many spouses of deceased Retirees have been benefitted and our own spouses may live a dignified life, at least to some extent , after our demise. Now to get next benefit of Pension Updation, only thing is that we have to raise our voice further to reach the ears of our Mother Government. 

Sent from Yahoo Mail on Android

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[Kalyanasundaram Subramaniam]

Hitherto I was thinking that we are electing our government by participating in the election process. 

Now only I understand that the government is elected by the corporate. 

We can forget pension updation, 100 per cent DA etc. for a moment and have a hearty laugh. People have got the art of connecting everything to corporate conspiracy and imperialist America even in 2022. 

S Kalyanasundaram 

[Sridhar Mandyam]

I don't understand how the Corporates come into picture here. It is fertile imagination

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[R N Yadav]

Well said.

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[kushal mukhoti]

 'His Master's Voice'. 

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[Shrinivas Parkar]

March 2022 or at the most April 2022 are crucial for our Updation Matter. Our Retirees Association has to start Peaceful Demonstrations and also to meet Hon'ble Finance Minister Respected Nirmalaji Madam, now. 

[JSOMA SHEKARA]

We can Understand why both IBA and UFBU delayed discussing the updation issue.

The Hon.Finance Minister is a Rajya Sabha MP from Karnataka.. Her term will expire in July 2022. Party has to get her reelected from Karnataka or from some other state.  Or the party may give her some high post in the party. Maybe after her reelection her portfolio may be changed. So the drama of appointing a committee by IBA and friends and delaying the issue till the situation turns in their favour.

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[Anantharaman Tg]

Instead of doing such things, let them express

their idea frankly, so that we can concentrate

on our further course of action to proceed in the

matter.

Let them not go on procrastinating like this and

deceive us,

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAM%3DeiW0v-_AS8bAWvr%2B%3DoNRvHdJnC%2Bx71gUJB3nv_0Gjtf_EeQ%40mail.gmail.com.

[Shrinivas Parkar]

9th March was date for our Contempt Petition in Hon'ble Supreme Court. What happened?

[Raj Venkat]

  Federal Bank 1616   1684 Arrears paid.pdf

On Fri, 11 Mar, 2022, 4:16 pm 'Shrinivas Parkar' via bankpensioner, <bankpe...@googlegroups.com> wrote:

9th March was date for our Contempt Petition in Hon'ble Supreme Court. What happened?

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[Shrinivas Parkar]

Most Hon'ble Prime Minister Respected Narendra Modiji Sir is on Gujarat visit for 2 days. I request our Retirees Group in Gujarat to kindly try to get his appointment at least for 5 minutes to put our Pension Updation Matter before him.

Sent from Yahoo Mail on Android

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[Ramakrishna]

On Sat, 12 Mar 2022 at 1:01 PM Raj Venkat <vrg...@gmail.com> wrote:

  Federal Bank 1616   1684 Arrears paid.pdf

On Fri, 11 Mar, 2022, 4:16 pm 'Shrinivas Parkar' via bankpensioner, <bankpe...@googlegroups.com> wrote:

9th March was date for our Contempt Petition in Hon'ble Supreme Court. What happened?

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[Parvatam Veera Bhadra Swamy]

Yes, we have to grab this good opportunity to place our pending pension updation before our honorable  prime minister. Due to recent elections victory hespeed direct his colleagues to speed up the process. 

Then only there is a possibility of getting justice to us.

Pvbswamy 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/809373629.908703.1647057845591%40mail.yahoo.com.

[Shrinivas Parkar]

From the attached Notice of AGM of Bank Of India Retirees Association, it appears that present General Manager, HR of Bank of India is attending and also Addressing the AGM of Retirees. As a practice, at such AGMs, Retirees who attain 75 years of age (who are hardly 2-3 in numbers) are felicited with a Shaal & Coconut. I feel that such Retirees attaining 75 year of age may be felicited though the Auspicious Hands of IBA Chairman. 

[Debasish Mukherjee]

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From: "Debasish Mukherjee"<mumb...@rediffmail.com>
Sent: Wed, 16 Mar 2022 19:56:07 GMT+0530
To: "mail"<ma...@iba.org.in>
Subject: Fw: bankpensioner Awake Pensioners Awake

Sent from RediffmailNG on Android From: "'Debasish Mukherjee' via bankpensioner" <bankpe...@googlegroups.com> Sent: Mon, 28 Feb 2022 09:55:13 GMT+0530 To: "bankpe...@googlegroups.com" <bankpe...@googlegroups.com> Subject: Re: bankpensioner Awake Pensioners Awake What Mr.Srinivas Parkar has stated regarding functioning of the IBA special committee on pension updation since its formation in July,2021 clearly transpires that the IBA special committee faced thumbled obstruction from vested groups and could not prepare their reports. Even there is strong suspicion that IBA might not have submitted true statement before SC on 20.01.2020 that the special Committee did not submit its report since from our past experience we are aware that IBA officials do not hesitate to submit false and untrue statements even before judiciary as IBA had instructed the United Bank of India to advice their counsel to submit false,fabricated and untrue statement before SC in 2018 in the SC Civil Appeal case no.5252-5255 of 2018 payment of 100% D.A.neutralisation to the pre Nov.2002 bank retirees case filed by UBIREWA. When Some retirees who could meet the IBA special committee Chairman Mr.Mallikarjun Rao about a month before his retirement was very much hopeful since Mr.Rao had expressed his concern for unjustified discrimination done towards pre Nov.2002 retirees by denying benefit of payment of full neutralisation of D.A.and he assured that he would recommend for payment of this benefit w.e.from January,2022. In spite of Mr.Rao's assurance it cannot be believed that Mr.Rao or other members of the committee did not submit their reports, as Mr.Rao had held a responsible position of M.D.& CEO of a big Bank as PNB is. My fervent request to PNB retired employees Assn.to please consider this point seriously that IBA can play any foul game in connivance with the UFBU leaders to spoil grant of retirees pension updation and payment of 100% neutralisation of D.A.to the pre Nov.2002 retirees and take all remedial steps when next hearing comes in the SC on 22.4.2022.

Debasish Mukherjee.

Sent from RediffmailNG on Android From: "'Shrinivas Parkar' via bankpensioner" <bankpe...@googlegroups.com> Sent: Sat, 26 Feb 2022 17:38:59 GMT+0530 To: "bankpe...@googlegroups.com" <bankpe...@googlegroups.com> Subject: bankpensioner Awake Pensioners Awake

In our Updation case in Honourable Supreme Court, what happened?

Initially, our Advocate requestedHonourable Supreme Court to giveAdjournmentof 4 week since IBA has constituted their Internal Committee for our Updation Scheme. It appears thatHonourable Supreme Court felt that 4 weeks’ time may not be sufficient and therefore gave a reasonable time of 8 weeks to IBA for putting the Updation Scheme prepared by their Internal Committee. After 8 week, IBA stated in Honourable Supreme Court that IBA is not having any information from their (own) Internal Committee. Honourable Supreme Court gave further time of 3 months to IBA for putting the Scheme prepared by their Special Internal Committee. After 3 months, on 20th January 2022,IBA informed inHonourable Supreme Courtthat the Chairman of their Internal Committee is going to retire on 31st January 2022 and they will be reconstituting their Internal Committee.(However, IBA did not informed what happened during this 6 months). Honourable Supreme Court gave further time of 3 months.Honourable Supreme Court stated that if the final Decision cannot be taken, then IBA must submit interim Reportwithin 3 months. Now, the next date is 22nd April 2022.

With due respect to the Professional Knowledge of our Advocate and Most Humbly, I feel that on 22nd April 2022, our Advocate has to bring the following facts to the attention ofHonourable Supreme Court:-

1.On 30^thOctober 2020, Honourable Finance Minister Respected Nirmala Sitaraman had talked to IBA Chairman for Pension Updation.

2.A Paper Cutting of Business Line dated 30^thOctober 2020 containing the Interview of Honourable Finance Minister Respected Nirmala Sitaraman, may be submitted in Honourable Supreme Court, if deemed fit and necessary by our Advocate.

3.Now, on 22^ndApril 2022, nearly 18 months may be over from the talk of Honourable Finance Minister Respected Nirmala Sitaraman with IBA Chairman for Pension Updation. Still IBA has not finalised Pension Updation Proposal to be submitted to DFS for approval.

4.Government is owner of PSU Bank and the Chairman of PSU Banks have to work as per direction of Honourable Finance Minister.

5.On or before 20^thJuly 2021, IBA appointed their own Internal Committee specifically for Pension Updation. PNB Chairman who was originally scheduled to retire as PNB Chairman in September 2021, was appointed as Chairman of this Internal Committee for Pension Updation. This means that IBA was of the opinion that this Committee can prepare the Final Proposal of Pension Updation within 2 months, i.e. from 22^ndJuly 2021 to 14^thSeptember 2021, when the Chairman of this Internal Committee for Pension Updation was scheduled to retire as a Chairman of PNB.

6.Subsequently, in August 2021, the term of PNB Chairman was extended upto 31^stJanuary 2022 and he continued to be Chairman of IBA Internal Committee specifically for Pension Updation. While appointing PNB Chairman as Chairman of IBA Internal Committee specifically for Pension Updation, in July 2021, IBA was not aware that such extension beyond September 2021, may be granted to PNB Chairman.

7.During this extended period of their Chairman, the IBA Internal Committee specifically for Pension Updation could not prepare Pension Updation Proposal, even within 6 months.

8.Even the Chairman of IBA Internal Committee specifically for Pension Updation is retired now, Vice Chairman and other Committee Members are still there, who could have put at least interim Report on Pension Updation.

9.Vice Chairman and other Committee Members of IBA Internal Committee specifically for Pension Updation can at least submit the information on the proceedings that has taken place in this Committee during this 9 months from 22^ndJuly 2021 till date.

On Thursday, 24 February, 2022, 03:49:05 pm IST, sekhar gupta <sekhar...@gmail.com> wrote:

Respected sir, we shall be highly obliged if you would kindly enlighten us about the status of contempt petetion filed about 2 years ago in the supremecourt reg.commutation arear in respect of 1616-1684 case probably filed by respected Mr. C.N.Prasad .

Kindly acknowledge.

Regards,. S.B.Gupta.

On Thu, 24 Feb, 2022, 09:34 Kalyanasundaram Subramaniam, <1952...@gmail.com> wrote:

I can't control my laugh on this imagination.

This is the best joke.

S Kalyanasundaram

On Wednesday, February 23, 2022 at 3:39:18 PM UTC+5:30 suryakumaran nair wrote:

Sir, majority of the people here who pretendthemselves as arguing for the pensioners issues are really corporate agents and want to sabotage the legitimate claims of the pensioners. The corporate must be paying them because they want to purchase these banks and to curtail their expenses in future.

On Wed, Feb 23, 2022 at 9:59 AM Seshaiyer Devadass <seshaiyer...@gmail.com> wrote:

Sir

It is correct that retirees issues should be discussed with retirees organisations. But the Himalayan question is to which retiree organisation as there is no umbrella organisation. Every retiree organisation claims to be the real organisation caring for the issues of retirees. If all the retirees organisations come under one umbrella as UFBU, we could strongly fight for the same

With warm regards

S.Devadass, State Bank of India - Retd, Palani-624601

Cell:9442250104

Virus-free. www.avast.com

On Tue, Feb 8, 2022 at 3:58 PM 'Shrinivas Parkar' via bankpensioner <bankpe...@googlegroups.com> wrote:

Is it possible to file Writ Petition that Retirees issues must be negotiated with Representatives of Retirees in BPS and not with Unions of Working Staff, of whom Retirees are not Members? If yes, we have to file such Writ Petitions in Different Hon'ble High Courts, all over India. I think at least one Hon'ble High Court may give some relief to us. Now, present BPS will expire in November 2022 and process of next BPS will start from 6 months before means from May 2022. We have to file Writ Petitions well in advance.

We have observed that UFBU may be sure that Writ Petition may bring some good result for Retirees. Therefore, in order that Retirees may not file such Writ Petitions, before every BPS, UFBU has been giving false promises to settle all issues of Retirees and also has been Planting its Stooges in Retirees Blog for this purpose.

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[Debasish Mukherjee]

[parthasarathy ramanujam]

In the past our retirees' associations met our beloved FM many a times for the pension updation matter. Why can't they meet her one more time?

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/1647442711.S.41254.17123.f4mail-235-174.rediffmail.com.1647517067.31813%40webmail.rediffmail.com.

[Debasish Mukherjee]

IBA is now in dilemma and hesitant to communicate its own misdeeds to DFS and Finance ministry since correct reason was that it was as per IBA instruction the United Bank of India's counsel submitted false, fabricated, untrue and irrelevant and non applicable reasons of inflationery impact on the Working Employees 7th BPS package of Rs.1288 crores if payment of 100% D.A.neutralisation to the pre Nov.2002 retirees was considered before Madras High Court bench that resulted rejection of petition of UBIREWA's plea for payment of 100% D.A.neutralisation to the pre Nov.2002 retirees and which Madras H.C.  judgement was also upheld by Supreme Court. Madras H.C. as also Supreme Court judgements were pronounced simply on misconception of Madras H.C. and SC bench even though the fact that working employees 7th BPS package of Rs.1288 crores would not have any inflationery impact if 100% D.A. neutralisation was granted to the pre Nov.2002 retirees who were already retired from service and were out of purview from payment of working employees 7th BPS package. Thus about two lacs plus pre Nov.2002 retirees remain continued discriminated and denied the benefit from payment of full neutralisation of D.A. since May, 2005 even though the Govt.of India allowed payment of full neutralisation of D.A.to all the employees and pensioners but the IBA arbitrarily denied the benefit selectively only to the pre Nov.2002 retirees for totally unjustified reasons. Since the then IBA Deputy Chief Executive Mr.Unnikrishnan at the instruction of some Banks authorities viz. Bank of India, Central Bank of India and some others who wanted to deny payment of 100% D.A. neutralisation benefit to the pre Nov.2002 retirees presumably because of those Banks precarious financial condition. IBA in this heinous act that was totally unjustified that can be described a crime, decision had taken in confidence the G.S.of AIBEA Mr.CHV who was also from C.B.I. and the then B.O.I. officers Assn. and AIBOC G.S.Mr.Harvinder Singh as also AIBRF G.S. Mr.S.C.Jain who was the General Manager(HRD) of Bank of India. 
My humble request to Hon'ble Finance Minister and kind hearted Finance Secretary to consider the back ground how the pre Nov.2002 retirees were discriminated and denied the benefit from payment of full neutralisation of D.A. at the behest of IBA.

Debasish Mukherjee.

Sent from RediffmailNG on Android




From: "'Shrinivas Parkar' via bankpensioner" <bankpe...@googlegroups.com>
Sent: Mon, 28 Mar 2022 10:04:47 GMT+0530
To: "bankpe...@googlegroups.com" <bankpe...@googlegroups.com>
Subject: bankpensioner Awake Pensioners Awake

We understand that DFS has asked IBA to give perfect justification for granting 100% DA Neutralisation to Pre-2002 Retirees despite rejection of the same by Hon'ble Supreme Court. I do not know whether this News is True or not. Anyway, we have to be prepared for such query. Members of this Blog are intelligent enough. I appeal to Members of this Blog to provide perfect reply to such query already raised or may be raised in future.

The views expressed in this Blog may automatically reach at desired destination. 

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[JSOMA SHEKARA]

First of all, is the information that IBA has recommended 100% DA to DFS genuine?

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/1648450444.S.35394.autosave.drafts.1648456827.29355%40webmail.rediffmail.com.

[Debasish Mukherjee]

I will expect Mr.S.C.Jain to please admit this mistake now expressing his unknowing mistake of connivance with the IBA that caused magnitude of harms  to the pre Nov.2002 retirees because of the then IBA Deputy chief Executive Mr.Unnikrishnan's  decision that was no less than a heinous crime. It will be prudent for Mr.Jain to confess this unknowing blunder at this fag end of life. But Mr.Unnikrishnan and Mr.C.H.Venkatachalam cannot be forgiven at all since even after committing this heinous crime they continuously harassed and duped the helpless retirees number of times with false assurances whenever those deprived retirees pleaded with them. Due to their deliberate neglect towards those retirees justified issue only caused untimely death of about one lac retirees from that segment who left this world with unfulfilled wishes of receiving this benefit during their life time. Mr.Unnikrishnan and Mr.C.H.Venkatachalam have to pay heavy price for their grievous crime they had done to the pre Nov.2002 retirees.

Debasish Mukherjee.

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From: "'Debasish Mukherjee' via bankpensioner" <bankpe...@googlegroups.com>
Sent: Mon, 28 Mar 2022 15:41:13 GMT+0530
To: "bankpe...@googlegroups.com" <bankpe...@googlegroups.com>

Subject: Re: bankpensioner Awake Pensioners Awake

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[Nagaraju Kakani]

Sairam Sir, We may produce the court verdict on what basis the court rejected and prove with our facts and figures as wrong to convince the DFS and the Finance Ministry for early resolution.

With regards,

Nagaraju Kakani

Hyderabad.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/1648450444.S.35394.autosave.drafts.1648456827.29355%40webmail.rediffmail.com.

[sastry n s]

Have we ever seen leaders admit their follies ?  They are the self-styled Godmen. We don't know when this anarchy ends and whether it ends at all even during the life-span of the last survivor of pre-2002 retirees.  This is Kali Yuga and let us understand them accordingly. However, we have no option than to continue with our forced struggle.

[Anantharaman Tg]

There were some exceptions, rare  ones, say, when we

were in service in the seventies/eighties.

Personally, I have come across one such gentleman,

a well qualified leader, who had openly said when I 

had to narrate my pension denial for second option

(though eligible as per rules for VRS as per OSR),

they were the cause for making the mistake of asking

officers not to opt when the pension was introduced

and regretting it! And he also assured that even if delayed

the option could not be denied for long.

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