[Kamal Sharma]

Has any UCO BANK pensioner received areas who retired who retired from 2000 to 2005. I am uco mani pensioner. My account has not been credited till date. I retired on 17th feb 2001. Am I eligible for areas.

[JSOMA SHEKARA]

Please contact your retiree association or contact your Banks Pension Cell/Fund. Banks should have credited arrears on or before 13.06.2018. If they fail they face contempt of court petition.

On Tue, Jun 19, 2018 at 9:06 AM Kamal Sharma <sharmak...@gmail.com> wrote:

Has any UCO BANK pensioner received areas who retired who retired from 2000 to 2005. I am uco mani pensioner. My account has not been credited till date. I retired on 17th feb 2001. Am I eligible for areas.

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[Chandrasekaran V]

It has come to notice from PNB Pensioners -

1.  That PNB has not made payment of commutation difference, and hence intt. thereon also.

2. That PNB has made payment of arrear only to those who retired upto 2002m but NOT LATER.

While the information on (1) above appears to be correct, on the point (2) above someone has to confirm.

[Sridhar Mandyam]

I am from UCO Bank, My account is credited today

[Bijay Mohanty]

Have u received commutation arrear? PL let me know. thanks

[Kamal Sharma]

Shridhar ji. Please let me know in which year you got vrs or retirement. I got vrs in Feb 2001. I am in confusion whether I am eligible for areas or not

[Jaiprakash Goswami]

Dear Mr. Sridhar,

Have you received calculation sheet? If yes, does it have any element of commutation. If sheet not received, please advise your basic pension and amount of arrears received and also your date of retirement.

Regards

With Regards,

Jai Prakash Goswami

[Mohan Revathi]

U r eligible for arrears.

On Wed 20 Jun, 2018, 3:21 AM Kamal Sharma, <sharmak...@gmail.com> wrote:

Shridhar ji. Please let me know in which year you got vrs or retirement. I got vrs in Feb 2001. I am in confusion whether I am eligible for areas or not

--

[Sridhar Mandyam]

NoI 

On Wed 20 Jun, 2018 15:51 Jaiprakash Goswami, <jaiprakashgoswami819@gmail.com> wrote:

Dear Mr. Sridhar,

Have you received calculation sheet? If yes, does it have any element of commutation. If sheet not received, please advise your basic pension and amount of arrears received and also your date of retirement.

Regards

On Wed, 20 Jun 2018 at 9:43 am, Sridhar Mandyam <mandy...@gmail.com> wrote:

I am from UCO Bank, My account is credited today

On Tue 19 Jun, 2018 15:59 JSOMA SHEKARA, <jsomase...@gmail.com> wrote:

Please contact your retiree association or contact your Banks Pension Cell/Fund. Banks should have credited arrears on or before 13.06.2018. If they fail they face contempt of court petition.

On Tue, Jun 19, 2018 at 9:06 AM Kamal Sharma <sharmak...@gmail.com> wrote:

Has any UCO BANK pensioner received areas who retired who retired from 2000 to 2005. I am uco mani pensioner. My account has not been credited till date. I retired on 17th feb 2001. Am I eligible for areas.

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[sekhar G.]

---------- Forwarded message ----------
From: "sekhar G." <pradi...@gmail.com>
Date: 20 Jun 2018 17:24
Subject:
To: <bankpen...@googlegroups.com>
Cc:

1616-1684 Implementation of SC Judgment
AIBRF  writes to IBA
************************
Ref:2018/058 Date : 16.06.2018
To
The Chief Executive
Indian Banks’ Association
Mumbai
Respected Sir,
Re: Implementation of Supreme Court Judgement in the
matter of 1616-1684 by member banks
   COMMUTATION: While re-fixing basic pension of the eligible pensioners from the date of retirement ,he/she is eligible to receive all consequential benefits including payment of difference in commutation amount as per the specific direction of Karnataka High Court decision as confirmed by Supreme Court judgement dated 13.02.2018. However we find that most of the banks are ignoring this aspect and not paying arrears on difference in commuted amount. We therefore request IBA to issue specific guidelines to member banks to give proper treatment to this aspect and pay the arrears along with applicable interest to implement Supreme Court decision as per its tenor and spirit. It will not be out of place to draw your kind attention on the fact that as per the extended provisions in the Central Civil Pension Rules and as per earlier communication issued by IBA in the matter, arrears paid on account of commutation are recoverable from the pension in future after the date of payment.
(b) We find that most of the banks are not making payments of arrears as per the Supreme Court judgement to those retired between 1.11.2002 to 30.04.2005 who were also getting reduced pension on index 1616 from the date of retirement up to 30.04.2005. We request IBA to give specific advice to member banks in the matter.
(c) We have come to know that many banks are not considering payments of arrears to the legal heirs of the eligible deceased pensioners where both ( Pensioner as well as family pensioner) have since died though eligible as per the Supreme Court judgement . We request IBA to issue specific guidelines in the matter to the member banks.
4. Your early action on the above points will be highly appreciated. With Respectful Regards,
Yours Sincerely,
( S.C.JAIN)
GENERAL SECRETARY

[Shankar Siva]

I haven't received yet. I am a VRS pensioner of SBI in 2001 March. I availed VRS scheme of 2001 in SBI and I was working as CLERK. Will I get arrears for commutation of pension?

[Sridhar Mandyam]

I retired in 1998

On Wed, Jun 20, 2018 at 12:26 PM, Kamal Sharma <sharmak...@gmail.com> wrote:

Shridhar ji. Please let me know in which year you got vrs or retirement. I got vrs in Feb 2001. I am in confusion whether I am eligible for areas or not

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[Mohan V.R]

You are eligible PROVIDED you had opted for pension in 1995 and  drawing regularly pension after retirement

On Wed 20 Jun, 2018 3:51 pm Kamal Sharma, <sharmak...@gmail.com> wrote:

Shridhar ji. Please let me know in which year you got vrs or retirement. I got vrs in Feb 2001. I am in confusion whether I am eligible for areas or not

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[RAMAKRISHNAN R P]

Dear Kamal sharmaji,

I am a vrs retiree and my retirement was on 28th Feb 2001 and started getting pension from the day one. So I got the arrears. Sir, you might have retired during 2001 or 2002 but is your pension started from the date of retirement. Then you are 100% eligible. In other wards, if you opted your pension as a second option ,I am sorry ,you are not eligible. Am I clear,sir....

On Tue, 19 Jun 2018, 09:06 Kamal Sharma, <sharmak...@gmail.com> wrote:

Has any UCO BANK pensioner received areas who retired who retired from 2000 to 2005. I am uco mani pensioner. My account has not been credited till date. I retired on 17th feb 2001. Am I eligible for areas.

--

[Satyanarayana Rao]

No.Your pension scheme is different and the S C order is not applicable to SBI staff.The S C order is only for e associate bank retirees and other Banks. 

.

Sent from Yahoo Mail on Android

[Ramachandran Menon]

Mohanji r

I retired on st March 1995, and I am getting my pension regularly. I think I am one of those not benefited. 

[Sridhar Mandyam]

Sri Ramachandran Sir,

The anomaly is in fixing basic pension of persons retired after April 1998 which was rectified in 2005 with prospective effect. Now the Banks are paying the same with retrospective effect.

Sridhar Mandyam

Ex UCO Bank 

On Fri, Jun 22, 2018 at 12:30 PM, Ramachandran Menon <ramachan...@gmail.com> wrote:

Mohanji r

I retired on st March 1995, and I am getting my pension regularly. I think I am one of those not benefited. 

On Fri, Jun 22, 2018 at 9:37 AM Mohan V.R <vrmoh...@gmail.com> wrote:

You are eligible PROVIDED you had opted for pension in 1995 and  drawing regularly pension after retirement

On Wed 20 Jun, 2018 3:51 pm Kamal Sharma, <sharmak...@gmail.com> wrote:

Shridhar ji. Please let me know in which year you got vrs or retirement. I got vrs in Feb 2001. I am in confusion whether I am eligible for areas or not

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[bhaskara sarma]

Dt of retirement is important.It is on or after 01/04/98 or not.

On Fri, Jun 22, 2018, 09:37 Sridhar Mandyam <mandy...@gmail.com> wrote:

I retired in 1998

On Wed, Jun 20, 2018 at 12:26 PM, Kamal Sharma <sharmak...@gmail.com> wrote:

Shridhar ji. Please let me know in which year you got vrs or retirement. I got vrs in Feb 2001. I am in confusion whether I am eligible for areas or not

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[Metlapalli Sharma]

dear Mr Menon sir,

 i have been reading your posts to this blog. Iam so much moved by your present state.  Wait few more years the 100% da neutralisation case shall bring cheer to you. About the recent denial of justice at the supreme court level  a serious battle is on. Please go through the blog posts and read myPosts and that of sri ds murthy. aibrf is fighting the case in all seriousness. Please wait little more you shall have the cheer of winning the battle and arrears wiil be paid to you then. Wait please. You are our oldest retiree brother. Be cheerful.

[venkatesh muttur]

[Ramachandran Menon]

Sharmagaru,

I am quite ok. I am jealous of those who get more than me. It is all godsend. We get what we are entitled for.  Thank you 

 Ramachandra Menon

[Asok Bhaumik]

On Mon 2 Jul, 2018 15:38 Asok Bhaumik, <arpanent...@gmail.com> wrote:

Is there any news regarding payment of commutation arrears? Already 16 days have elapsed since AIBRF wrote to IBA in this regard.

[nook raju]

What is the reason behind BOB refused to pay Commutation arrears,does it mean they have not merged 68 points difference in Basic pension? IS it means DA paid due to 5years notional period added?or they feared that serving employees as well 2nd pension optees demand arrears for the period from 1998-2002 and second pension optees may go legally for merger of 68 points in their pension also OR 41.67% recovery from CANBK pensioner is refusal of Commutation arrears or SC verdict was so complicated that our leaders fail to understand?

[Asok Bhaumik]

[nook raju]

A scale-2 officer retired with pension in 2001 with maximum length of service(VRS-2000)

Drawing monthly pension 24980(Pension before SC verdict implemented)

Same day scale-III officer retired without pension with maximum length of service(VRS-2000) opted pension in 2009 he is drawing monthly pension 22800

This is what would you say -Anomaly Socialism,sarcasm or treating as 2nd class citizen  to 2nd pension optees.This story of PSU banks.

Think twice ,thrice find out the truth among your collegue

[bhaskara sarma]

The person who Retired in 2009,now gets  Pension after commutation whereas the person who Retired in 2001 is getting pension after commutation amount is fully restored.That is the difference.

P Bhaskara Sarma.

--

[S.R.Rajaraman]

Correct

[PARASURAMAN K R]

Mr Nooku raju,

Is it our fault that you did not opt for pension in the first instant itself? Think of the situation of Banks not acceding to second option. Please note that second option is not given in RBI which has huge pension corpus and implemented 100% DA neutralization, 30% FP, full pension after 20 years etc etc.Only few thousands are not in the ambit of pension but the government is not acceding to its request for second pension option. Similar is the situation in LIC, GIC etc. So feel happy of having obtained pension though the second pension optees had to shed 56% more of their PF contribution. Thank your stars for that and dont try to blame others for a decision taken by you earlier.

Wishing you a long life to enjoy restoration of commutation and be at par with your Scale 1 friend.

 

On Tue, Jul 10, 2018 at 3:59 PM, bhaskara sarma <pbsa...@gmail.com> wrote:

The person who Retired in 2009,now gets  Pension after commutation whereas the person who Retired in 2001 is getting pension after commutation amount is fully restored.That is the difference.

P Bhaskara Sarma.

On Tue, Jul 10, 2018, 15:48 nook raju <latika...@gmail.com> wrote:

A scale-2 officer retired with pension in 2001 with maximum length of service(VRS-2000)

Drawing monthly pension 24980(Pension before SC verdict implemented)

Same day scale-III officer retired without pension with maximum length of service(VRS-2000) opted pension in 2009 he is drawing monthly pension 22800

This is what would you say -Anomaly Socialism,sarcasm or treating as 2nd class citizen  to 2nd pension optees.This story of PSU banks.

Think twice ,thrice find out the truth among your collegue

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[Velayudhan Nair]

Dear Parasuji, our NR also seems to be misguided by his outfits in not
opting pension at the first chance, before retirement.....

[nook raju]

Finally Mr.PARSURAMAN KR,can you  scarify your pension because LIC GIC and other people not got pension or people waiting for 2nd options for years,Example setting is the easiest work, 

Enjoy and enjoy  

On 11 July 2018 at 11:12, nook raju <latika...@gmail.com> wrote:

I am not blaming any one Mr.PARSURAMAN K R ,perhaps you have not gone through the my post and jumped in for comment,My scale-I friend is with me he only advised me the difference,I don't believe in stars,Unsuccessful people always blame for defeat  and success to stars

[nook raju]

I am not blaming any one Mr.PARSURAMAN K R ,perhaps you have not gone through the my post and jumped in for comment,My scale-I friend is with me he only advised me the difference,I don't believe in stars,Unsuccessful people always blame for defeat  and success to stars

On 10 July 2018 at 16:53, PARASURAMAN K R <paras...@gmail.com> wrote:

[Metlapalli Sharma]

 SRI MOHANDAS SIR,

WILL IT NOT BE A BETTER OPTION TO  CLAIM THE INTEREST ON DIFFERENCE OF COMMUTATION AMOUNT RATHER THAN THE COMMUTATION AMOUNT ITSELF  SO THAT DEDUCTION OR RECOVERY WILL NO MORE ARISE. SPECIALLY IN THE PRESENT CONTEXT WHEN THE FIRST 180 MONTHS ARE ALREADY COMPLETED  AND DOUBT AS TO PAYMENT OF COMMUNITY FOR A SECOND TIME ARISES..  PLEASE THINK OVER SIR.

SARMA.

[PARASURAMAN K R]

Mr Nooku raju,

I took a wise decision to opt for pension in the first instance itself and did not fall into the trap laid n chart circulated by those who opposed pension. It is people like you who opposed pension are responsible for non updation of pension in the banks. Had you all opted for pension and avoided second option our pension updation would have taken by this time.. Hope you still have the chart with you on the basis of which you were boasting how PF is better than pension and now you advise me to forsake my pension for second option to LIC GIC retirees etc. Stop talking rubbish and regret for the foolish decision taken earlier. 

On Wed, Jul 11, 2018, 4:05 PM nook raju <latika...@gmail.com> wrote:

Finally Mr.PARSURAMAN KR,can you  scarify your pension because LIC GIC and other people not got pension or people waiting for 2nd options for years,Example setting is the easiest work, 

Enjoy and enjoy  

On 11 July 2018 at 11:12, nook raju <latika...@gmail.com> wrote:

I am not blaming any one Mr.PARSURAMAN K R ,perhaps you have not gone through the my post and jumped in for comment,My scale-I friend is with me he only advised me the difference,I don't believe in stars,Unsuccessful people always blame for defeat  and success to stars

On 10 July 2018 at 16:53, PARASURAMAN K R <paras...@gmail.com> wrote:

Mr Nooku raju,

Is it our fault that you did not opt for pension in the first instant itself? Think of the situation of Banks not acceding to second option. Please note that second option is not given in RBI which has huge pension corpus and implemented 100% DA neutralization, 30% FP, full pension after 20 years etc etc.Only few thousands are not in the ambit of pension but the government is not acceding to its request for second pension option. Similar is the situation in LIC, GIC etc. So feel happy of having obtained pension though the second pension optees had to shed 56% more of their PF contribution. Thank your stars for that and dont try to blame others for a decision taken by you earlier.

Wishing you a long life to enjoy restoration of commutation and be at par with your Scale 1 friend.

 

On Tue, Jul 10, 2018 at 3:59 PM, bhaskara sarma <pbsa...@gmail.com> wrote:

The person who Retired in 2009,now gets  Pension after commutation whereas the person who Retired in 2001 is getting pension after commutation amount is fully restored.That is the difference.

P Bhaskara Sarma.

On Tue, Jul 10, 2018, 15:48 nook raju <latika...@gmail.com> wrote:

A scale-2 officer retired with pension in 2001 with maximum length of service(VRS-2000)

Drawing monthly pension 24980(Pension before SC verdict implemented)

Same day scale-III officer retired without pension with maximum length of service(VRS-2000) opted pension in 2009 he is drawing monthly pension 22800

This is what would you say -Anomaly Socialism,sarcasm or treating as 2nd class citizen  to 2nd pension optees.This story of PSU banks.

Think twice ,thrice find out the truth among your collegue

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[Vijayaraghavan Parameswara Iyer]

For pensioners of second option 2009 when will the commutation be restored for a retiree of 2007???

Please advise

On Wed, Jul 11, 2018 at 09:47 PARASURAMAN K R <paras...@gmail.com> wrote:

Mr Nooku raju,

Is it our fault that you did not opt for pension in the first instant itself? Think of the situation of Banks not acceding to second option. Please note that second option is not given in RBI which has huge pension corpus and implemented 100% DA neutralization, 30% FP, full pension after 20 years etc etc.Only few thousands are not in the ambit of pension but the government is not acceding to its request for second pension option. Similar is the situation in LIC, GIC etc. So feel happy of having obtained pension though the second pension optees had to shed 56% more of their PF contribution. Thank your stars for that and dont try to blame others for a decision taken by you earlier.

Wishing you a long life to enjoy restoration of commutation and be at par with your Scale 1 friend.

 

On Tue, Jul 10, 2018 at 3:59 PM, bhaskara sarma <pbsa...@gmail.com> wrote:

The person who Retired in 2009,now gets  Pension after commutation whereas the person who Retired in 2001 is getting pension after commutation amount is fully restored.That is the difference.

P Bhaskara Sarma.

On Tue, Jul 10, 2018, 15:48 nook raju <latika...@gmail.com> wrote:

A scale-2 officer retired with pension in 2001 with maximum length of service(VRS-2000)

Drawing monthly pension 24980(Pension before SC verdict implemented)

Same day scale-III officer retired without pension with maximum length of service(VRS-2000) opted pension in 2009 he is drawing monthly pension 22800

This is what would you say -Anomaly Socialism,sarcasm or treating as 2nd class citizen  to 2nd pension optees.This story of PSU banks.

Think twice ,thrice find out the truth among your collegue

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[CBREA CHENNAI]

You have omitted to add further loss as below

2nd option retirees paid 156% of their PF to banks whereas 2001 retirees did not pay

You got pension only from 2009 onwards whereas counterpart got it from 2001

8 years u have lost pension but you have enjoyed fabulous sum of PF for 8 years

2nd option employees have chosen PF in 1995 itself with their wisdom and having their eyes and ears wide open.  They refused to accept pension was beneficial to PF then.

Having accepted 2nd option after realizing the mistakE.,. THAT means they have agreed to all unreasonable terms imposed by IBA. One has to be thankful to UFBU  for getting 2nd option. But for the UFBU, pension was a mirage to PF optees.

Please understand in the bargain to get 2nd option, the leaders have gone to the extent of surrendering Pension under PRG 1995 to future employees.   

Should we not be thankful to IBA and UFBU?

regards

Vasudevan

On Tue, Jul 10, 2018, 15:48 nook raju <latika...@gmail.com> wrote:

--

[Satish Kumar Khanna]

Pensioners are already adversely affected by the whims and fancies of the bank management and IBA and the selfishness amount various categories of retirees is only strengthening the hands of IBA and the bank management in refusing to upgrade the pension of retirees.

S.K. Khanna

[mohan p]

Commutation availed will be restored after 15 years from date of availing.

In 2nd option it will be 2024.Date of retirement is not considered,here

[nook raju]

Yes, second pensioners are very much thankful to UFBU,If  2nd pension optees paid 156% that is not a point of blaming to bank etc.You are also right that 2nd pensioner enjoyed lot from PF amount that 8 years,finally all has given back to Bank. Leaders has gone to Surrendering PRG 1995 at what cost divided pensioner into two groups

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[nook raju]

What Foolish and rubbish people take decision on circumstances and evidence around them,In 1999 again a chance was given to leftover  to opt pension,That time I and many of my colleague have seen that two of our colleague died one just 6 months ago the retirement and another one year ago the retirement one of pension optee other PF .AT that circumstances PF optee"s legal heirs got at least his and banks contribution of PF deceased.What pension optee"s family got ,his contribution of PF as well family pension.I need not to tell what was amount of family pension,Same route followed by many employees,So don't think you have taken a wise decision we are not.

Enjoy with your wise decision let enjoy me with my foolish decision  

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[6 face .]

[Velayudhan Nair]

Vinod Kumar Sharma
May 6 at 7:39pm

Dear Retiree,
Sh. M. C. Singla along with few other colleague has approached supreme
court vide SLP(C)5166/2016 for updating of pension which is likely to
come 👆 up in July 2018. I appeal to all retiree to support Sh. M. C.
Singla in his endeavour for the benefit of the retirees. If retirees
can get any benefit it will be through court. Employees of the Gramin
Bank got pension only through court. Mobile Number of Sh. Singla ji is
9463662255Vinod Kumar Sharma
May 6 at 7:39pm

PS:STOP THE PRACTICE OF BEING PARASITES.
IF SOMEBODY GOES TO COURT, SUPPORT HIM.
COURTS ALONE CAN HELP US.
SPARING A LITTLE MONEY CAN INSTIGATE THE FIGHTER TO INTENSIFY THE FIGHTS....

CPVNAIR

[nook raju]

Another bomb shell by IBA ,--- IBA is proposing 144%hike in Health Insurance  intention of IBA is very clear, this type of hike many of pensioner left no alternative to exit from schme

[Soumitra Mukherjee]

I am in non-domiciliary scheme since inception and was lucky enough not to face a single situation of claim till now for me and wife also. There is no discount for non-claimants in subsequent year alike in most individual policies.The proposed hike of 110% (plus GST) will take the amount beyond IT exemption level also will be beyond my capacity to continue and I find the proposed rate is even more than 150% of rate quoted to me for individual family floater policy of Appolo Munich just 2 years back. Now even if I go back to them for any reason, waiting period will be applied at my 2 year more advanced age with enhanced risk factors for them. Even then, I feel they will not enhance premium regularly year on year basis and will offer a most market competitive rate. IBA Scheme is no more for poor ordinary retirees like me or in other words they are compelling me to leave now. Thankful regards.  

On Tue, Jul 31, 2018 at 10:34 PM, nook raju <latika...@gmail.com> wrote:

Another bomb shell by IBA ,--- IBA is proposing 144%hike in Health Insurance  intention of IBA is very clear, this type of hike many of pensioner left no alternative to exit from schme

[Saralanath P]

First-- increased Premium of 100% plus and -

Second-- even if it is ok for any reason-we as individuals cannot take it as the respective Banks will show no interest in view of less takers.

On Thu, 2 Aug 2018, 9:40 am Soumitra Mukherjee, <soumi...@gmail.com> wrote:

I am in non-domiciliary scheme since inception and was lucky enough not to face a single situation of claim till now for me and wife also. There is no discount for non-claimants in subsequent year alike in most individual policies.The proposed hike of 110% (plus GST) will take the amount beyond IT exemption level also will be beyond my capacity to continue and I find the proposed rate is even more than 150% of rate quoted to me for individual family floater policy of Appolo Munich just 2 years back. Now even if I go back to them for any reason, waiting period will be applied at my 2 year more advanced age with enhanced risk factors for them. Even then, I feel they will not enhance premium regularly year on year basis and will offer a most market competitive rate. IBA Scheme is no more for poor ordinary retirees like me or in other words they are compelling me to leave now. Thankful regards.  

On Tue, Jul 31, 2018 at 10:34 PM, nook raju <latika...@gmail.com> wrote:

Another bomb shell by IBA ,--- IBA is proposing 144%hike in Health Insurance  intention of IBA is very clear, this type of hike many of pensioner left no alternative to exit from schme

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[Anantharaman Tg]

---------- Forwarded message ----------

Date: 3 August 2018 at 08:47
Subject:

Meeting against a backdrop of crisis in banking sector

Mounting bad loans and pay revision will be on the table when leaders of United Forum of Bank Union meet Union Finance Minister Arun Jaitley in New Delhi on Friday. The crucial meeting is against a backdrop of the crisis in the banking sector caused by the bad debts running into over Rs. 10 trillion as well as the the ongoing five-yearly pay revision for the million-plus bank workforce.

The acquisition of the IDBI bank by the Life Insurance Corporation, which has been okayed by the Union Cabinet, will also figure in the talks.

Top leaders of each of the nine major bank unions that make up the UFBU will be on the team that meets the Finance Minister.

C.H. Venkatachalam, general secretary of the All-India Bank Employees Association, told The Hindu that the leaders would urge the Minister to put on the public domain the names of the top borrowers who had wilfully defaulted on their loan repayments.

The union leaders would also urge him to ask the Indian Banks Association to expedite the process of wage revision negotiations.

The unions are also pressing for a five-day workweek for the banking sector.

Sign up to receive our newsletter in your inbox every day!

 GO

Recommended for you

[Anantharaman Tg]

---------- Forwarded message ----------

Date: 4 August 2018 at 09:07
Subject:

Banks to back staff on loan decisions with legal, financial aid

K RAM KUMART+ T-

To adopt plan IBA is puttng together

MUMBAI, AUGUST 3

Mumbai, August 3To instil confidence and a sense of security among bankers and directors so that they continue to take bona fide lending and recovery decisions without fear, banks will soon adopt a comprehensive financial and legal support scheme put together by the Indian Banks’ Association.

The move comes in the wake of bankers expressing concern at a June press meet over the arrest of top Bank of Maharashtra officials for decisions taken in the discharge of their official duties. Following the arrest, decisions on lending to corporates had slowed across the banking system.

As per the scheme, banks will provide full legal and financial support to defend serving/retired employees and officers, and also present/ former directors and their family members against cases arising out of bona fide execution of a bank’s work during their service period .

It will also cover instances in which complaints/prosecution have been launched by the police or the CBI , and other government agencies against employees/officers/directors when carrying out their normal duties.

Family members (parents, spouse and children) who are exposed due to the action of employees/officers/directors in the course of the recovery process or the execution of a bank’s work will be covered under the scheme.

Banks will provide legal support to defend employees even after their transfer or retirement, or resignation from service till the final disposal of such cases.

Also, urgent steps will be taken by banks to avoid arrest of staff by seeking anticipatory bail. They will quickly move bail application in case of arrest or imprisonment.

Arrest of employees as a consequence of initiation of criminal proceedings against defaulters or arising out of bona fide execution of a bank’s work during the service period will not be treated as a black mark on performance.

Banks will give due recognition to employees who have to undergo hardship in the process of recovery of dues due to the stern action taken by them towards defaulters. They will pay all legal/miscellaneous expenses, transportation and other incidental expenses incurred by the officials even after transfer, retirement, or resignation.

Whenever officials are called by the police/CBI for interaction, banks will arrange for presence of an empanelled advocate.

Banks will provide medical, legal, and financial support in case of miscellaneous hazards — physical injury, manhandling, etc — faced by employees.

Employees will be compensated at the rate of 10 times the admissible halting allowance per day for any arrest period.

Published on August 04, 2018

[harinarayana sarma nandivada]

Thanks a lot Sri Anantha Raman Sir for sharing the information.   One little understands what IBA has been doing  in the matter all these years.  Are they sleeping in the case of cases against ordinary bank staff like officers/Managers/Clerical Staff?  Now that the top officials are facing the ire, IBA woke up and started  repair work by pouring various offers mainly to save Top level officials/Directors but not because of any affection for staff in lower cadres.  IBA's attitude is purely need based and step motherly.   Anybody at the top level of Banks or IBA will not budge unless it  harms their interests directly.  This is the result of misbehaviour/ill-treatment by  IBA/Bankers towards their senior retiree colleagues.  As we sow, so we reap.   

N.Harinarayana Sarma

[Velayudhan Nair]

What exactly these people propose to the old retirees who live like
near beggars?Hang them all?

On 8/6/18, 'harinarayana sarma nandivada' via bankpensioner

[harinarayana sarma nandivada]

[Ramachandran Menon]

There is a group of retirees like who retired in 1995,We are a group of our own who is not likely to get any benefit at all. We are classified as pre 2002 group.  We are not coming under any group to give us so solace. Neither the govt. nor the courts, not the IBA  are willing to help us We have to do some puja to invoke the blessings of the lord.

[Anantharaman Tg]

---------- Forwarded message -------
Date: 8 August 2018 at 08:55
Subject:

The United Forum will observe a gate demonstration across RBI centres all over the country on August 20

Union demands pension updation

THIRUVANANTHAPURAM, AUGUST 7

The United Forum of Reserve Bank Officers and Employees has exhorted members to go on mass casual leave on September 5 and 6 to press the long-pending demand for pension updation and grant of new options.

Prior to this, the United Forum will observe a gate demonstration across RBI centres all over the country on August 20, followed by submissions of memorandum to the respective Regional Directors on August 27.

The demands also include one more option for pension to CPF (Contributory Provident Fund) retainers and allow CPF/APF (Additional Provident Fund) for those recruited from 2012.

The United Forum had met in Mumbai on August 3 after the conclusion of a mass signature campaign and submission of the signatures thus collected to the Regional Directors.

The signatures collected from all over India were scheduled to be submitted to the Governor, who hasn’t given his assent for a meeting with the office-bearers of the United Forum.

This is what led representatives of various RBI officer/employee unions to take stock of the situation and chalk out a future course of agitation culminating in the proposed decision to observe mass casual leave for two days.

Among those who attended the meeting were Ajay Sinha, Rajdeep Chakrabarty, Keshav Jagtap, Chitra Patankar, CM Paulsil, MD Sawant, Ajit Subhedar, Xavier Lobo, Pradip Kadam, Samir Wadkar, SV Mahadik, RM Palanade and BF Yerwankar.

Published on August 08, 2018

[Rajamani Srinivasan]

---------- Forwarded message ----------
From: Rajamani Srinivasan <sraja...@gmail.com>
Date: Wed, Aug 8, 2018 at 9:55 AM
Subject:
To: Rajamani Srinivasan <sraja...@gmail.com>

[8/7, 21:57] S Rajamani: Post received from Kishor Hiralikar of Pune:                        Very important & useful information for all bank retirees brothers who have opted for Mediclaim Insurance coverage.

As received from my friend Shri Suresh Bihany.

Delhi HC : Mediclaim Insurance Policy A & B : Writ Petition ( Civil ) No 264/2018 : Manohar Lal & Others Vs SBI & UIIC : In the Court of Hon’ble Mr Justice Vibhu Bakhru ( Court No 14 ) : As already Informed Writ was filed by our team on 10.01.18 & it was placed before the Hon’ble Court today at 12.34pm 

Our Counsels pleaded that as per Guidelines for IRDA : Health Insurance Cover :  circulated vide Gazette Notification dated 16/07/17 ( page no 35 ) ‘ Premium on Health Cover for Senior Citizens has to be Fixed for initial 3 years whereas Bank , UIIC have hiked it to multiple times making it unaffordable to the extent that premium now Fixed is equal to 4-8 months Pension, in violation of above guidelines. Hon’ble Court was convinced and told the Banks’ Standing Counsel to look in to the matter urgently and respond to the petitioners within 15 days time . Hon’ble Court also told our Counsels to approach IRDA , an Statutory Body for the purpose and if not satisfied with their responses than to come back to the court for further hearing/ order . 

Stay connected for updates.

[8/7, 21:57] S Rajamani: I just got this news. But genuineness of this message has to be ascertained.

[Satyanarayana Rao]

This is great news and the UFBU of other Banks should take similar stand and demand the government and IBA and express solidarity and support the struggle of UFBU in RBI . They should also implement similar co ordinated action to clinch pension updation .All bank eretirees associations and other financial sector unions should join the fight.All the best and great and grand success .

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