PENSION UPDATION- REPLY BY MOF IN PARLIAMENT 9th March'26

[MOHAN P]

Same old answer Cut & Paste!

By  MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY

"These regulations do not have provision for revision of pension. 

However, pensioners of PSBs are being granted dearness relief on pension and the same is being increased from time to time i.e. on half yearly basis. Also, as per the agreed terms of 12th Bi-partite Settlement / 9th Joint Note, monthly Ex-gratia is being paid by PSBs in addition to the pension / family pension to the pensioners / family pensioners, who became eligible to draw pension on or before 31.10.2022. 

No proposal to revise the basic pension of retirees of PSBs beyond the existing provisions of the relevant Pension Regulations, is presently under consideration.  "

[Narayanan Venkateshwaran]

The  minister of state for  finance has mentioned in the parliament of Periodic da and exgratia given to bank pensioners as if  act of benevolence. Sad indeed

C V narayanan

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[JSOMA SHEKARA]

Parliament question and reply does not in any way impact the right of the pensioners to demand updation, Minister gives status of issues as existed on the date and  time of question.  There are many inconsistencies and incorrect information in reply. For ex some time back DFS replied that "updation will be considered if a proposal is  submitted by IBA". Maybe this question/answer is an attempt to create some support for 

bank's advocate who is supposed to argue the M C Singhla case on 12th.

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[JSOMA SHEKARA]

When final argument date is just  2 days a ruling party MP voluntarily ask a question on updation and minister replies there is no provision for updation when DFS earlier replied will be considered if a proposal is submitted by IBA.

is this stage managed to create an advantage for Mr.Mehta 

[Satyanarayana Rao]

The government has agreed that DA and Ex-gratia is paid in leiu of pension updation.
Now the upcoming Supreme
court verdict will clearly conclude that there is something that calls for justice and shall deliver positive judgement and updation shall take place.

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[Mathrubootham Sreenivasan]

what about review of paying ex gratia from 1.4.24 if I am correct

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[Parvatam Veera Bhadra Swamy]

Somsekhara ji,

This is really a very pertinent point for our advocate to highlight and place before honorable judge, the reply given by the minister of state for finance regarding pension updation. This point may strengthen our case for updation of pension. 

Pvbswamy 

CB Retiree

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[Satyanarayana Rao]

The judges will not care for stage management which is going on since decades.
The judges have understood that there is something that calls for justice and justice shall prevail in our favour.

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