100 percent DA neutralisation for Pre 2002 bank retirees

[lajpat rai]

Through various views expressed on this blog the following steps have not yielded any results on this issue for the last more than 12 years. One. Lot of follow up by letters,emails to IBA.,MOF.,UFBU.,have not yielded any results Two. AIBRF has been trying its best by contacting IBA.,UFBU.,meeting MPs .,but no result Three. Litigation in good number of court cases I do not know names of the court cases and individual and organizations who are fighting such court cases. Four. The affected bank retirees in this category are in their seventies or eighties in age group, and they desperately need financial help and money which they are loosing every month. Five. All these retirees have participated and contributed in the union struggles in their life for achievement of demands for bank employees including themselves.,but their this contribution towards unions and struggles is not being recognize by the present in service unions to bargain this benefit for banks retirees I.s.pre 2002 retirees. Now the question arises what is the hope and how do we expect any break through on this issue. Some of my friends are apprehending that the in the coming bipartite settlements, taking up issues of p 2002 retiree may not be priority and updating of pension to achieve this time is remote possibility though unions and UFBU have made this as one of the main demand. my learned friends especially administrators of the is blog who are considered to be sell matured,holding some position in bank management I,e, srr directors on the boards of the banks.,I nope I am it wrong on this information., can throw some light on this vital issue One whether we can expect settlement of this important demand I.e. 100 percent DA neutralisation for Pre 2002 retirees., this user or in the coming bipartite settlement. Two if UFBU does not get our this demand fulfilled from IBA or MOF then where such senior people have to go. Kindly through detailed light on this issue. Lajpat Rai Thakral Wilmington,Delaware.,USA.,

[J SOMASEKARA]

A learned member of this group has wisely said once we opt for VRS we have to face the after effects of it. It is only due to mistake on our part we are suffering DA loss to day. Instead of waiting for unions to come to our rescue we should have approached courts at least from 2007 onwards. If number of cases were filed viz SBM Commune on this issue we would have seen some progress to day.

As far as my knowledge goes not a single document is available to support UFBU has taken up this issue with IBA during last 7 years. Now this issue has  become irrelevant for UFBU. Now it is highly impossible to get 7 years arrears from IBA.  This is almost dead issue for UFBU.

AIBRF has put herculean efforts to see that 100% DA issue, and implementation of court verdicts are achieved by sending representation to UFBU, FM through MPs, AIBOC and other channels. But unfortunately nobody took serious view of this.

Now only two options:

Wait for Updation.

File cases in courts by active participation of affected parties.

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[Narayana Melkote]

Dear friends,

     It appears that the unions while signing settlement relating to pension matters lacked vision as otherwise  a situation like this (100% DA neutralisation) would not have arisen.   Now the unions are not taking up this issue along with other demands.   The DA issue has been sidelined.   Unions are hesitating to highlight the issue currently and we only can hope against hope!   If the unions are rational enough to admit their past blunder, then it should be their first and foremost priority to get the pre-2002 retirees their legitimate and just dues.   Otherwise, there will be loss of credibility !

     On the other hand, every retired employee is part of the retirees association and the respective association should move the court and ensure justice is delivered through courts.   Every member should meet the legal expenses collectively if such a situation is warranted.   Ultimately, all the banks will be pushed into the wall and sooner there will be light of the day and justice!!!

Be Happy

Narayana melkote

    

---

From: J SOMASEKARA <jsomase...@gmail.com>
To: bankpe...@googlegroups.com
Sent: Monday, 6 August 2012 2:59 PM
Subject: Re: bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees

[sankaran subramanian]

Sir,

I am also a retired bank employee. I am reading all views expressed in the matter. I am not concur with their views on 100%  neutralization DA for pre 2002  retirees. If  you consider this is an anomaly, all  benefits earning in each settlement is an anomaly to previous retirees. Those who retired in 90's did not have 6th & 7th stagnation increments, newspaper reimbursement, Rs. 4.50 lacs/Rs. 7.50 lac / Rs/ 12.00 lacs/ Rs. 20.00 lacs Housing loan, , personal OD, cell phone  etc Can we say this all are anomaly? .Harping this 100% DA neutralization is nothing but ....................... Retirees may get angry on me. But this is reality. The only way out is up dation of pension. For which, we should approach serving employees union. With out them we cannot achieve anything. They are authorized negotiating representative  of employees.  I am very sorry if  my views hurt your sentiments.

sankaran.s

---

From: J SOMASEKARA <jsomase...@gmail.com>
To: bankpe...@googlegroups.com

Sent: Monday, 6 August 2012 10:29 AM
Subject: Re: bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees

[Prasad C N]

Dear Mr.Sankaran Subramanian,

I have been advocating same opinion.  

100% neutralization is beneficial to only 30,000/- to 35,000/- only.  This is because, Out of 1 lakh retired under that period, none of the Sub Ordinate staff is going to get this benefit. Maximum benefit for a clerk is Rs.560/- and such retirees are also far and few.  Scale III retiree would get about Rs.3,200/-.  

But Updation includes this amount and some thing more. Some thing more every settlement.  

 

Thanks, a Million.

With regards,
Prasad C N

[Keshav Saini]

DEAR SHRI PRASAD,YOUR VIEWS ARE ALWAYS CORRECT A ND VALUABLE FOR US,HOWEVER YOU ARE AWARE THAT UPDATION OF PENSION IS STILL HANGING FOR RBI STAFF AND LIC STAFF BUT 100% D.A NEUTRALIZATION HAS BEEN IMPLEMENTED IN RBI TO PRE 2002 RETIREES WITH EFFECT FROM 1-02-2005.ANY DELAY OF UPDATION OF PENSION OR100% D.A NEUTRALIZATION WILL BE HARMFUL TO VERY OLD PENSIONERS SOME OF THEM IS MORE THAN 80 YEARS OLD.K.R.SAINI

---

Date: Wed, 8 Aug 2012 02:27:34 +0800
From: cn_pr...@yahoo.com

Subject: Re: bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees

To: bankpe...@googlegroups.com

[J SOMASEKARA]

Mr.Prasadji

I request you to inform whether UFBU has submitted charter of demands to IBA for X BPS. If so please upload a copy of the same if available.

[perumal maruthu]

Dear Sir,

UFBU has not yet submitted its Charter of Demands.

Its Sub-Committee,in the Meeting held on 7/7/12, has decided to finalise it before the end of August.

AIBRF has already submitted its demands to UFBU.

M.Perumal

---

From: J SOMASEKARA <jsomase...@gmail.com>
To: bankpe...@googlegroups.com

Sent: Wednesday, 8 August 2012 10:18 AM

[Keshav Saini]

DEAR FRIENDS,UFBU HAS NOT SUBMITTED CHARTER OF DEMANDS FOR 10TH BIPARTITE SETTLEMENT AND IT IS EXPECTED THIS WILL BE SUBMITTED BY UFBU TO IBA BY THE END OF THIS MONTH. K.R.SAINI

---

Date: Wed, 8 Aug 2012 10:18:52 +0530

Subject: Re: bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees

From: jsomase...@gmail.com
To: bankpe...@googlegroups.com

[OM PRAKASH SHARMA]

Dear Friends,

 Reg; bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees

This issue is very important for those friends, who are losing about 25% of their pension every month. I will request all my friends to support such friends and take up the matter with union leaders so that they may prevail upon IBA and MOF for allowing the benefits to such retirees.

Kind regards

O.P. SHARMA

09810399957

[lajpat rai]

Mr Saini...This is not in retirees hands. UFBU or IBA are to be persuaded to get this benefit. Let us all try to placate the leaders and IBA MOF.

---

From: Keshav Saini <krs...@hotmail.com>;
To: <bankpe...@googlegroups.com>;
Subject: RE: bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees
Sent: Wed, Aug 8, 2012 3:49:49 AM

[Prasad C N]

Dear Mr.Keshav Saini,

Even the 'Updation' of Pension is also hanging in respect of RBI retirees.

Today, I attended our Monthly Meeting of Certified Financial Planners (FPSB - South Chapter), where our guest speaker was saying, one or two things while speaking, which are also relevant to us.

a. No one over achieves.  

b. Perseverance pays.

Therefore, if you focus on only 100% nutralisation, Updation gets postponed.  More number of retirees who are not going to be benefitted by 100% nutralisation would be more than 90s or even Centurions if they survive.  It is because, 100% nutralisation is beneficial only to 10 to 15% of retirees.  Majority of those who retired between 1986 and 2002 are not going to benefited or marginally benefited.  

 

Thanks, a Million.

With regards,
Prasad C N

---

From: Keshav Saini <krs...@hotmail.com>
To: bankpe...@googlegroups.com

Sent: Wednesday, 8 August 2012 9:19 AM
Subject: RE: bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees

[Shrinivas Parkar]

Senior Cotzen is a Vote Bank of the Rulling Government. With Street Demonstraion, Interviews on TV Channels, Letters in newspapers, we can invite attention of Rulling Party, who can for thier beneift, look into the issues of Pensioner, who have no choice no voice at present. 

On Mon, Aug 6, 2012 at 5:08 AM, lajpat rai <thukrall...@yahoo.co.in> wrote:

--

[R Balaji]

IF UPDATION IS SETTLED EVERYTHING WILL BE ALRIGHT

On Wed, Aug 8, 2012 at 10:33 PM, Rajender Sharma <rajender...@gmail.com> wrote:

Sir,

I fully agree to your views.100% DA neutralization is a very important issue for the retirees and it must find place

in the Charter of Demands to be put up by UFBU.It should not be mixed up with the issue of pension updation.

R.K.Sharma

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[Keshav Saini]

DEAR BALA JI,
NO MEMBER IS DENYING THE FACT THAT IF UPDATION IS SETTLED EVERYTHING WILL BE ALRIGHT,HOWEVER AT PRESENT IT IS AN UPHILL TASK BECAUSE UPDATION OF PENSION IS HANGING IN RBI AND LIC. IN THE MEANTIME LET US KNOW YOUR DATE OF RETIREMENT AS YOU ARE ADVOCATING UPDATION OF PENSION IN YOUR EACH MESSAGE.WE WILL WAIT YOUR REPLY EAGERLY. K.R SAINI 

---

Date: Thu, 9 Aug 2012 10:16:32 +0530

Subject: Re: bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees

From: rbal...@gmail.com
To: bankpe...@googlegroups.com

[saradindu basu]

Dear Shri Saini,
                      No-one should feel offended if any person amongst us preach or always advocate for updationn. I sincererly feel that all of us should freely express our mind irrespective of date of retirement. I am NOT eagerly waiting to know date of retirement of Shri Balaji.
 
--Saradindu Basu,
  Greater Noida. 

 

---

From: krs...@hotmail.com

To: bankpe...@googlegroups.com
Subject: RE: bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees

Date: Thu, 9 Aug 2012 08:03:49 +0000

[Rajiv Bakshi]

Mr Lajpat , I am greatly impressed by your mail . All the demands made by you are absolutely correct but the UNION has to forward these demands to the concerned department.
with Regards ,

On Fri, 10 Aug 2012 11:51:36 +0530 wrote
>Sir,I fully agree to your views.100% DA neutralization is a very important issue for the retirees and it must find placein the Charter of Demands to be put up by UFBU.It should not be mixed up with the issue of pension updation.

R.K.Sharma

On Wednesday, August 8, 2012 5:36:34 PM UTC+5:30, Lajpat Rai Thakral wrote:Mr Saini...This is not in retirees hands. UFBU or IBA are to be persuaded to get this benefit. Let us all try to placate the leaders and IBA MOF.

From:

Keshav Saini ;


To:

;


Subject:

RE: bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees


Sent:

Wed, Aug 8, 2012 3:49:49 AM

DEAR SHRI PRASAD,YOUR VIEWS ARE ALWAYS CORRECT AND VALUABLE FOR US,HOWEVER YOU ARE AWARE THAT UPDATION OF PENSION IS STILL HANGING FOR RBI STAFF AND LIC STAFF BUT 100% D.A NEUTRALIZATION HAS BEEN IMPLEMENTED IN RBI TO PRE 2002 RETIREES WITH EFFECT FROM 1-02-2005.ANY DELAY OF UPDATION OF PENSION OR100% D.A NEUTRALIZATION WILL BE HARMFUL TO VERY OLD PENSIONERS SOME OF THEM IS MORE THAN 80 YEARS OLD.K.R.SAINI

Date: Wed, 8 Aug 2012 02:27:34 +0800
From: cn_pr...@yahoo.com
Subject: Re: bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees
To: bankpe...@googlegroups.com







Dear Mr.Sankaran Subramanian,


I have been advocating same opinion.

100%neutralization is beneficial to only 30,000/- to 35,000/- only. This is because, Out of 1 lakh retired under that period, none of the Sub Ordinate staff is going to get this benefit. Maximum benefit for a clerk is Rs.560/- and such retirees are also far and few. Scale III retiree would get about Rs.3,200/-.

But Updation includes this amount and some thing more. Some thing more every settlement.

Thanks, a Million.


With regards,
Prasad C N





From: sankaran subramanian
To: "bankpe...@googlegroups.com"
Sent: Monday, 6 August 2012 10:47 PM
Subject: Re: bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees





Sir,


I am also a retired bank employee. I am reading all views expressed in the matter. I am not concur with their views on 100% neutralization DA for pre 2002 retirees. If you consider this is an anomaly, all benefits earning in each settlement is an anomaly to previous retirees. Those who retired in 90's did not have 6th & 7th stagnation increments, newspaper reimbursement, Rs. 4.50 lacs/Rs. 7.50 lac / Rs/ 12.00 lacs/ Rs. 20.00 lacs Housing loan, , personal OD, cell phone etc Can we say this all are anomaly? .Harping this 100% DA neutralization is nothing but ....................... Retirees may get angry on me. But this is reality. The only way out is up dation of pension. For which, we should approach serving employees union. With out them we cannot achieve anything. They are authorized negotiating representative of employees. I am very sorry if my views hurt your sentiments.
sankaran.s






From: J SOMASEKARA
To: bankpe...@googlegroups.com
Sent: Monday, 6 August 2012 10:29 AM
Subject: Re: bankpensioner 100 percent DA neutralisation for Pre 2002 bank retirees

A learned member of this group has wisely said once we opt for VRS we have to face the after effects of it. It is only due to mistake on our part we aresufferingDA loss to day. Instead of waiting for unions to come to our rescue we should have approached courts at least from 2007 onwards. If number of cases were filed viz SBM Commune on this issue we would have seen some progress to day.

As far as my knowledge goes not a single document is available to support UFBU has taken up this issue with IBA during last 7 years. Now this issue has become irrelevant for UFBU. Now it is highly impossible to get 7 years arrears from IBA. This is almost dead issue for UFBU.
AIBRF has put herculean efforts to see that 100% DA issue, and implementation of court verdicts are achieved by sending representation to UFBU, FM through MPs, AIBOC and other channels. But unfortunately nobody took serious view of this.
Now only two options:
Wait for Updation.
File cases in courts by active participation of affected parties.

On Mon, Aug 6, 2012 at 5:08 AM, lajpat rai wrote:






Through various views expressed on this blog the following steps have not yielded any results on this issue for the last more than 12 years.
One. Lot of follow up by letters,emails to IBA.,MOF.,UFBU.,have not yielded any results
Two. AIBRF has been trying its best by contacting IBA.,UFBU.,meeting MPs .,but no result
Three. Litigation in good number of court cases I do not know names of the court cases and individual and organizations who are fighting such court cases.
Four. The affected bank retirees in this category are in their seventies or eighties in age group, and they desperately need financial help and money which they are loosing every month.
Five. All these retirees have participated and contributed in the union struggles in their life for achievement of demands for bank employees including themselves.,but their this contribution towards unions and struggles is not being recognize by the present in service unions to bargain
this benefit for banks retirees I.s.pre 2002 retirees.

Now the question arises what is the hope and how do we expect any break through on this issue.
Some of my friends are apprehending that the in the coming bipartite settlements, taking up issues of p 2002 retiree may not be priority and updating of pension to achieve this time is remote possibility though unions and UFBU have made this as one of the main demand.

my learned friends especially administrators of the is blog who are considered to be sell matured,holding some position in bank management I,e, srr directors on the boards of the banks.,I nope I am it wrong on this information., can throw some light on this vital issue

One whether we can expect settlement of this important demand I.e. 100 percent DA neutralisation for Pre 2002 retirees., this user or in the coming bipartite settlement.
Two if UFBU does not get our this demand fulfilled from IBA or MOF then where
such senior people have to go.

Kindly through detailed light on this issue.

Lajpat Rai Thakral
Wilmington,Delaware.,USA.,
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Rajiv Bakshi

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