[krishna mohan nidumolu]

Dear friends, Good Evening 

 *Pre -1986 Retirees - Exgratia revision.* 

We are pleased to inform that our Bank has revised Exgratia amount payable to pre-1986 retirees from Rs.4000/- to *Rs.12000/-* with effective from July 2022. 

ABREA express profound thanks to our Bank Management for its proactive initiative which helped around 80 families.

Thanks and Regards 

Nsn Reddy 

GS ABREA

[mohan p]

Dear Friends,

For your ready reference, what pre 1986 retirees are getting at present ( Aug 22 to Jan 23)as Ex-gratia is furnished here under:

If any Bank Management has increased the same as reported here, by their own, it is a good gesture.

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

Indian Banks' Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2022-23/11415 August 1, 2022

Designated Officers of all Nationalised Banks and State Bank of India

Dear Sir/Madam,

Dearness Relief payable for the period August 2022 to January 2023 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Economic Affairs (Banking Division) letter F.No.11/2/2012-IR dated 17.12.2013, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period August 2022 to January 2023 on Ex-gratia will be as under:

Applicable CPI Average- 8456

Pre 1.1.86 Retirees

Amount of Ex-gratia per month

Rs.350

Rate of Dearness Relief

1315.88%

Amount of Dearness Relief per month

Rs.4606

Amount including Dearness Relief per month

Rs.4956

Surviving spouses of pre 1.1.86 retirees

Rs.175

1315.88%

Rs.2303

Total Ex-gratia

Rs.2478

Yours faithfully,

Brajeshwar Sharma 

Senior Advisor (HR&IR)

***

--
Visit our blog site http:://bankpensioner.blogspot.com
---
You received this message because you are subscribed to the Google Groups "bankpensioner" group.
To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com.
To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAJyqt%3DUudALyiua3X06o1fJ9Gp8o8rTh5fqrWkPn6LOX2sNzPw%40mail.gmail.com.

[kornally bhagavan]

Please furnish the name of the Bank.

Sent from RediffmailNG on Android

From: krishna mohan nidumolu <kmnid...@gmail.com>
Sent: Thu, 4 Aug 2022 09:54:43 GMT+0530
To: bankpe...@googlegroups.com
Subject: bankpensioner

Dear friends, Good Evening 

 *Pre -1986 Retirees - Exgratia revision.* 

We are pleased to inform that our Bank has revised Exgratia amount payable to pre-1986 retirees from Rs.4000/- to *Rs.12000/-* with effective from July 2022. 

ABREA express profound thanks to our Bank Management for its proactive initiative which helped around 80 families.

Thanks and Regards 

Nsn Reddy 

GS ABREA

--
Visit our blog site http:://bankpensioner.blogspot.com
---
You received this message because you are subscribed to the Google Groups "bankpensioner" group.
To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com.

To view this discussion on the web visit https:roups.google.com/d/msgid/bankpensioner/CAJyqt=UudALyiua3X06o1fJ9Gp8o...@mail.gmail.com.

[Sivaraman Iyer]

Which bank you have not mentioned the name of bank

On Thu, 4 Aug, 2022, 9:54 am krishna mohan nidumolu, <kmnid...@gmail.com> wrote:

--

Visit our blog site http:://bankpensioner.blogspot.com
---
You received this message because you are subscribed to the Google Groups "bankpensioner" group.
To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAJyqt%3DUudALyiua3X06o1fJ9Gp8o8rTh5fqrWkPn6LOX2sNzPw%40mail.gmail.com.

[Vvns Varaprasadrao]

It is Union Bank of India.

For information of all group members.

Regards,

Vara prasad.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAJD9_kEGiyY_Y3PCw%2BfQnC3MeckxC8zSFqg1Wtt7eujtQhe6_g%40mail.gmail.com.

[Srinivasan Badri]

Does not have any authentication , can the relevant circular be downloaded. Any revision will be for all banksretirees . Please avoid posting unauthentic information creating false hopes to already beleaguered .  

--

[harinarayana sarma nandivada]

It is Union Bank of India

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/1659589304.S.72082.autosave.drafts.1659589366.16290%40webmail.rediffmail.com.

[Vvns Varaprasadrao]

Union Bank of India circular on enhancement of exgratia to pre 1986 retirees.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/68609274.1124901.1659667993131%40mail.yahoo.com.

[mohan p]

Let us hope that  other banks too may follow Union Bank of India in this matter.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAFwtfmdYQOzDGFbsYPor7qS6Kd-XavbLmaTWnNWmwcriSg7saA%40mail.gmail.com.

[satyendra kumar bansal]

I request to all learned senior citizens of this forum and to all retiree leadership to clarify one point regarding this payment to pre 1986 survivors and family pensioners that whether a PSB can make such enhanced payment without seeking a clearance from MoF/DFS. How they can make such payment without prior permission of IBA and MoF. If at all it is cleared by govt/IBA than it should be applicable to all the parties to BPS. 

Get Outlook for Android

---

From: 'harinarayana sarma nandivada' via bankpensioner <bankpe...@googlegroups.com>
Sent: Friday, August 5, 2022 8:23:13 AM
To: 'kornally bhagavan' via bankpensioner <bankpe...@googlegroups.com>
Subject: Re: bankpensioner

 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/68609274.1124901.1659667993131%40mail.yahoo.com.

[Shrinivas Parkar]

Management of Union Bank has taken the decision to give this rise to Pre-1986 Retirees, without instruction from IBA or without negotiating with Unions. This means that individual PSU Bank Management is authorised to give such rise to their Pensioners. Will the Managements of all PSU Banks take similar decision to give such relief to Pre-2002 Retirees also or to all Pensioners?

Sent from Yahoo Mail on Android

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDSnNBWZPj%3DXrZgyyeGtjqaaqdPbH2J1R6Sh24vqo_mbag%40mail.gmail.com.

[mohan p]

Dear Mr.Sathyendra kumar Bansal,

Individual banks in the past also extended such benefits to retirees  on different issues.

Some of the PSBs are extending partial reimbursement of IBA group Medi insurance premium to retirees by their own.

So let us welcome such good gestures shown by at least few PSBs benefitting retirees /families by their own.

Yes.In policy matters affecting all pensioners in industry Banks may have to get approval from MOF.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/SG2PR03MB489479AF2A0D2F987CCA6EBDDD619%40SG2PR03MB4894.apcprd03.prod.outlook.com.

[ramachandran Sairam]

Sole discretion of the banks bored under staff welfare and the performance of the bank they have sanctioned without the consultant of iba/union

On Mon, 8 Aug, 2022, 9:40 am satyendra kumar bansal, <aa2...@hotmail.com> wrote:

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/SG2PR03MB489479AF2A0D2F987CCA6EBDDD619%40SG2PR03MB4894.apcprd03.prod.outlook.com.

[Amiya Mishra]

As far as I know any PSB can grant extra amount to Pensioners from Bank. But they can't change Pension amount or ex gratia amount. That why they have mentioned in there circular that this 10000 is in addition to ex gratia amount. They have not changed ex-gratia amount this is only an additional help from bank and PSB has the power to do it.

 It is totally my point of view I may be wrong.

Amiya Kumar Mishra 

Sent from Yahoo Mail on Android

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDSnqzA%3DR%2BG%2BiHRo2YX9vUMHzyjNzUzuhyW4RwxEH_S7rQ%40mail.gmail.com.

[Anantharaman Tg]

Shri P.Mohan,

We have come across from the Association sources that IBA wants

to extend the updation in parts - first to Old retirees getting ex-gratia, 

then to pensioners upto 2002 end and so on.

May be Banks have been advised to start payment to pre 1986 

retirees.

There is also an opinion, that the Govt. in order to go ahead with

their plan of privatisation,and this one is a bait.

Regards.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDSnqzA%3DR%2BG%2BiHRo2YX9vUMHzyjNzUzuhyW4RwxEH_S7rQ%40mail.gmail.com.

[Sudesh Kalra]

UBI has also paid to pre-2002 retirees or not.

Pl.advice

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/1018477065.1476709.1659873231260%40mail.yahoo.com.

[Anantharaman Tg]

It is being opined by legal experts that Banks are empowered to

take decision in matters relating to their pensioners and

pass Board resolution to that effect and then forward the same to

concerned Ministry.  We have seen in case of RBI pensioners similar

action and recommendations by RBI Management.

In our case, the Banks have, for their own convenience, created the

IBA for similar purposes and actions. Even if local associations 

approach the Management  of their respective Banks, they will be

simply directed to IBA.

That is our dilemma!

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/1018477065.1476709.1659873231260%40mail.yahoo.com.

[mohan p]

Dear Shri.Anantharaman,

Since we do not know what is in the mind of IBA regarding Updation of Pension,we cannot presume  any  thing as of now.

We have heard from IBA on formation of an exclusive committee on updation of pension and submission of report to Apex Court etc! Every thing now vanished!

Now we hear on  idea of extending updation of pension to retirees bifurcating them year wise,in stages, from one association.

There too we do not find a word on neutralisation of  hundred percent DA to pre 2002 retirees! Though updation of pension take care of same aspect.Let IBA do it fast.

Perhaps you might have observed from the list of eighty retirees  provided by Union Bank Of India, only negligible pre 1986 are alive now and rest relate to  spouses of pre 1986 retirees.This may be the case with other banks.So if banks want they can enhance the payment at any point of time to these negligible number who are still alive now.

It has not happened .Under this back drop UBI has done a good job.

Another point always quoted is on merger of CPI points with Basic Pension as in the case of serving employees.Now also a mention is found made on merger of CPI points of 6352 to all pensioners up to 2012 settlement period.

As I have stated on earlier occasions, It may not give much benefit to all  pensioners, but certainly  it may benefit to  pre  2002 pensioners specifically,to resolve their long pending issue.Let it happen this time.

Surprise is no where talk on updation of pension as per  RBI formula  has came out from relevant sources!.

Privatisation may happen,as per GOI platforms.

So what is in store for bank pensioners cannot be predicted right  now!

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAGpzJrDixVXcN%2B_%2BMPeuXMCJFSsRS%2BmCFDQXDgz2SgkFNsPnXg%40mail.gmail.com.

[Shrinivas Parkar]

Can any Member who is expert in getting information under RTI,  find exactly what made Union Bank to take the decision to give additional amount of Rs.10,000/- to Pre-1986 Retirees?

On Mon, 8 Aug 2022 at 18:05, mohan p

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

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDSsYa2eLukQK36qjZeTZXwhRWMcOe0E2mZPpEEcLrzZ-Q%40mail.gmail.com.

[Chellappa Renganathan]

If I B A has advised all Banks,other Banks should also follow on their lines and disbusein increased ex gratia.Let us watch for the Progress made.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAGpzJrDixVXcN%2B_%2BMPeuXMCJFSsRS%2BmCFDQXDgz2SgkFNsPnXg%40mail.gmail.com.

[Rajamani Srinivasan]

Dear sirs,

I feel that such thinking is a negative action. I am a retired person from Union Bank of India.  According to me it is a magnanimous action of the bank especially when IBA is still delaying the updation process for reasons best known to them only. I feel that your suggested action will bring in more mind blocks than doing anything for the betterment of hapless retirees. Regards,

S Rajamani.

Bangalore 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/721982341.1863214.1659964414130%40mail.yahoo.com.

[kds nair]

As far as possible,please do not create fake news.IBA is not interested to talk to ufbu regarding updation and other residual matters and you are guessing things for your daily posts

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/721982341.1863214.1659964414130%40mail.yahoo.com.

[saradindu basu]

What for the information regarding the decision of Union Bank of India to give additional amount of Rs.10,000/- to Pre-1986 Retirees required?

---

From: 'Shrinivas Parkar' via bankpensioner <bankpe...@googlegroups.com>
Sent: Monday, August 8, 2022 6:43 PM
To: bankpe...@googlegroups.com <bankpe...@googlegroups.com>; mohan p <moha...@gmail.com>
Subject: Re: bankpensioner

 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/721982341.1863214.1659964414130%40mail.yahoo.com.

[satyendra kumar bansal]

Canara Bank has issued circular on 30.07.2022 vide which under point no 10, bank has allowed a payment of sum of Rs 3000/- per month in addition to ex gratia payment to pre 1986 retirees.

Hence, it appears that some instructions might have passed on to banks from IBA to pay extra amount to this class of retirees.

Quote "10. SPECIAL SCHEME FOR PRE-1986 RETIREES OR SPOUSE OF SUCH DECEASED RETIREES WHO ARE PAID EX-GRATIA AMOUNT BY THE BANK.

All surviving Pre-1986 retirees or spouses of such deceased retirees, who are being paid ex-

gratia amount from our Bank every month, will be paid Rs. 3,000/- per month respectively

under Staff Welfare Measures for the year 2022-23. The amount will be paid every month

along with the ex-gratia amount through Employees’ Pension Fund, without the beneficiary

claiming the same as done hitherto.

Get Outlook for Android

---

From: bankpe...@googlegroups.com <bankpe...@googlegroups.com> on behalf of mohan p <moha...@gmail.com>
Sent: Monday, August 8, 2022 10:06:33 AM
To: bankpensioner <bankpe...@googlegroups.com>
Subject: Re: bankpensioner

 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAMCbyDSnqzA%3DR%2BG%2BiHRo2YX9vUMHzyjNzUzuhyW4RwxEH_S7rQ%40mail.gmail.com.

[Acharya k gopala]

Canara Bank has been paying lumpsum amount to pre 1986 retirees and family pensioners, since last few years under staff welfare measures

over and above ex gratia and this year the amount is increased to Rs.3000/- per month.