Need to find out reasons

[Prasad C N]

Dear friends,

There is unanimity amongst us that our pension needs to be updated.  There cannot be any difference in opinion. This is the problem we are facing.  Why our pension is not getting updated?  Other than blaming everyone else, whether we have spent any time in finding out the reason?  Absolutely no.

What we have seen so far is blame game and creating false hopes by false narratives.

We have blamed, Indian Banks Association, we have blamed UFBU, more particularly AIBEA lead by Com.CHV, Government of India and latest addition is Judiciary.

We have not seen any leaders of Bank Retirees’ Associations, explaining problems in updation of pension.  Instead, they are creating hopes by raising expectations.  On the contrary, we have not seen any UFBU leader saying the way Bank Retirees’ Association leaders are saying.  I have heard one prominent leader of a Retirees Association has given even date for updation of pension. Since, responsible leaders say that there is huge money in pension funds, it is our money in pension funds, huge balance is left over after all pensioners dies, there is a provision in pension regulations which mandates pension updation, etc., most of the Bank Pensioners, who are innocent and has a lot of faith in the leaders of their retirees’ Associations, have believed them.  All of them have decided that our Pension would be enhanced in terms of RBI formula with retrospective effect.  We do not ask them any question.  They do not like anyone requesting them to clear doubt.

We need to have patience to understand, why pension updation is not happening, we also need to understand, why UFBU is unable to get Pension updation delivered.  We should always remember that those who are claiming to be the champions today, are the ones who misguided in 1993-1996 resulting in majority of us not joining pension scheme.  This resulted in absence of any demand for pension updation till 2015.  When UFBU had all the powers, we could not exploit them, because we could demand pension updation, because majority of us were not pensioners.

Humbly request.  All of us must introspect.  Before, expecting anyone else’s help, we must ask ourselves.  Before we claim equality, we need to ask ourselves, whether we are following the same equitable principles, we should also ask ourselves, what is our contribution, before we demand others to help us. We should aggregate support, but not discount them.

Before anything else, wemust find out, why Pension Updation is not happening, without blaming anyone else.

Thanks, a Million. 

With regards,

Prasad C N

 

[Ramachandran Bella]

After Com PrabhatKar and  Tarakeswar Chakraborti there is not a sinagle  honest hearted and dedicated Union leaders. as of now. Lakhs of pensioners have aleady gone since the beginning of pension settement. The majority of the present pensioners are also on the run to the burial ground.  What is the use of believing these selfish leaders. You yousrself told that alternative ways to be done .Whether we achive or not  resign enmase and organise afresh and fight rather than fooled all the way.
All these 30 years of my pension service, I have been waiting and felt fooled. Do you think pensioners like me still to believe? Who begged these present leader to help us? When these leaders are at the helm by way of selecting themslves  for the post by some tactical way, it is their bounden duty to do good. If you are unable,leave us. We will organise and do whether we achive and loss. Why you leaders kept us as slaves?
As you said we have to rethink and organise taking into the utter failure of these present leaders.
Thanks for your rightful thinking. Hope people like you bring good suggestions as you are all experienced in this area. 

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[Anand Rao]

Dear Sri Prasad 

Greetings. 

When you claim that you have filed many cases / petitions in courts, and quote legal  issues / Court Orders extensively, and display legal acumen, why do YOU ask others the question which you ought to answer --> who or what is responsible for PSU Bank Pensioners not getting updation?

Why, according to you is the demand for updation by PSU Bank Pensioners NOT conceded by Banks / IBA / DFS ? Is a Court Order necessary  ?

A. Is it because of a lacuna in the pension scheme? If so, those who framed the policy  /  Scheme deserve the credit  / condemnation. No blame but a fact. If you are keen to absolve UFBU, please inform which organization has to be blamed ! 

B. Is updation not happening because of others like Banks or because of the owners (PSU Banks' majority stake is held by Central Government) or their advisor - the unregistered IBA ? Then, what is the harm in placing the facts before all ?

C. Is updation not happening because of pensioners themselves  ? If you say so, WHY ?

Since you categorically state that we -  the members of the pensioners' groups - donot know, please let us know.

None of us, I daresay, will blame but we will atleast know from one who appears to know. 

Please also dont bring in the organizational one-upmanship. If retiree organizations are to get the flak, the question they would ask is why was updation NOT clearly and unambiguously enunciated in pension regulations by the then signatories of the agreements for pension? Are the organizations which the signatories represented,  fighting for updation? How and where ?

Pensioners have resorted to knocking at the doors of judiciary because of lack of efforts by others. There are certain legal reasons and interpretations of the rules as well as case laws which support the pensioners. 

In addition 

to parity of treatment;

to the favourable discrimination for one group of pensioners; (which is against the canons of Law); and thereby unfair discrimination against other groups;

to the "updation" being kept pending for decades as "residual matter" by the UFBU; supported by Banks and DFS;

to the need to render FULL JUSTICE by the Supreme Court to any petitioner, 

- these matters are well known to all stakeholders. 

Since some organizations and leaders failed to secure justice for these pensioners, they are fighting for their right. So, wish them success. None is blaming the Judiciary but everyone laments the delay in the system. 

If the SC says pension updation is necessary, [whether mandated by regulations or according to principles of natural justice or because the regulations are inchoate], the result will be known soon. 

Would you, as a leader, please elucidate as what you know / what you think / what is the way forward. When we aggregate, we cannot leave you, Sirji. Together, let us fight.

Best wishes 

Anand 

[Ramani Konnayar]

Sir,

The reasons for pension updation not happening are very much apparent/evident and we need not strain ourselves searching for them.

1. Banks feel that the pension expenses are the most unproductive for them and are also a big burden on their resources due to locking up of huge surpluses in Pension Funds (to comply with AS-15 norms) that affect their CD ratios.

2. Constituents of UFBU, like any other trade union, first and foremost, want to protect the interests of their majority membership who are under NPS. Like bank managements, they too feel that, after all, they can get nothing in return from pensioners, monetary or otherwise.

3. Division of pensioners and future pensioners into those under BEPR and NPS is also another major reason making the latter disinclined to support the formers' cause.

Having said that, I would also like to point out that while the extent of benefit derived by a pensioner under BEPR will depend on the longevity of the pensioner/family Pensioner, those under NPS can get a huge sum on retirement (which they can invest and earn sizeable returns) considering the fact that the present pay structures  are very good and banks contribute 14% on basic+DA+some allowances every month to the Pension Fund.

K N RAMANI 

[Srinivasan Badri]

Sri CNPRASAD  is right. It is high time ,he gives his valued suggestions  on this issue to UFBU as the next  bipartite  is going to be initiated  as directed  by MOFto IBA.

Srinivasan B

[JSOMA SHEKARA]

Entire BPS system is faulty, at least for Retirees.

Banks issue a mandate to IBA-iBA invites UFBU for discussion after submitting mandate-Agreement is arrived- DFS approves settlement.

Retirees are completely out of picture in this scenario,

Pay commission consults retirees as well as unions and seeks their opinion before submitting a report to the government.

Banks do not consult retirees before issuing a mandate. We have no idea   what mandate is given by banks to IBA regarding retirees issues.  It will not communicate with retirees, IBA does not come under RTI.

UFBU leaders do not consult retirees before signing any agreement related to retirees. Retirees or their associations have no role at all in BPS negotiations.

Retirees and their associations come to  know a certain agreement is reached and its terms and conditions only after agreement is signed by UFBU leaders.

So in this situation who is responsible for anomalies in settlements. 

Either before submitting demands retirees are not consulted and during negotiations also agreeing to exclude certain benefits or excluding certain groups from benefits retirees are not consulted. At least after signing the agreements retirees are not informed why leaders had to take such decisions adversely impacting retirees financially.  Trade unions duty does not end in signing agreements and it is their moral obligation to ensure that terms of the agreements are properly implemented and in reasonable time so that benefits reach beneficiaries.

Neither Banks nor IBA does not provide us any information directly or through RTI.

UFBU also not accessible to retirees,

Since retirees are completely blocked by Banks-IBA-UFBU-DFS and we are not part of negotiations at any stage of negotiations, all questions should be asked to the above leaders not retirees.

UFBU should release a specific circular and explain why updation is not happening, why they had to sign agreements with  1616-1684, 5 years grace period, excluding pre 2002 retirees from 100% DA, Denying second pension option to CRS retirees denying pension benefits on special allowance  anomalies.

Though merger of DA costs a few hundred Rupees per person why is it not negotiated? 

We do not know what is the actual cost and provisional cost of updatio and number of retirees BPS wise, what formula IBA is applying, what load factor agreed etc.As a link between retirees and management UFBU leaders can obtain these details and calculate pension updation cost and issue a circular why it is not possible or how it can be implemented. 

AIBOC and AIBOA claim that both 1993 and 1994 agreements provide for periodical updation and pension as per RBI pension scheme.

But  Banks  maintained in High Court in M C Singla case that discussions do not provide for updation or pension as per RBI Scheme.  

Why are UFBU leaders silent? They can issue a circular confirming or denying Banks' claim. 

What contribution can we make when we are not part of the system at all?

What are the options left for retirees post signing the agreements by leaders with anomalies?

It was the duty of UFBU leaders to discuss with IBA and amend pension regulations to provide for updation or clarify why delay taking place in resolving the issue?

First we have to ask all these questions to these leaders and get answers before our lifetime if possible. For 25 years these leaders are silent and never explained anything. They had absolute authority to sign agreements and took independent decisions to surrender benefits of retirees without knowledge of retirees and they are the right persons to answer all these questions.

I do not find any single fault of retirees.

On Wed, Apr 22, 2026 at 4:05 PM 'Prasad C N' via bankpensioner <bankpe...@googlegroups.com> wrote:

[Satyanarayana Rao]

Pension updation is the constitutional fundamental right of pensioners.
The founders pension scheme never thought that the next generation of leaders of negotiations will ditch the veterans and neglect the Retirees.
It is the ethical and professional duty of Trade unions to take care of seniors and pensioners and update the pension along with each bipartite settlement.
The Retirees are not blaming anyone but express their chagrin when the chief negotiaters systematically ignored and ditched the pensioners by giving false assurances in the conferences of Retirees Associations.
No blame game is played by the retirees or their national associations.
As every one knows that only recognised trade unions can only achieve the improvement in pensioners welfare issues including pension updation along with wage revision periodically.This is where the trade unions have totally failed in their sincere and serious concerted efforts to achieve pension updation.
We the pensioners are aware of our limitations and express their sufferings and ultimately looking at Supreme court for justice.
Pl stop finding faults at innocent and helpless victims of neglect and apathy towards veterans by various forces more so by UFBU and DFS and IBA nexus.

Yahoo Mail: Search, organise, conquer

[krishna Moorthy]

But the banks can afford to write off crores of rupees in NPA accounts

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[Rajendrasinh Jadeja]

Mr.Ramchandran is absolutely right👍

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[Prasad C N]

Dear Shri Sathyanarayana Raoji,

What you are saying is exactly the samething I amalso saying. What is our fundamental right and Constitutional Right is decided, not by the Court, but by our learned friends from Social Media and leaders from the major Retirees Organisation.

There was no updation, even in Central Government when Pension Settlement was signed.  Recently, in a meeting one of the leaders called past great leaders as Shakunis.  When great leaders were there, 100% Banking was shutting down, if a strike call is given.  Today, 98% of Banking is online.  

Most of us are Senior or very Senior Citizens.  Therefore, before commenting on anyone, we must spend time to understand to what extent the times have changed.  In the changed situation, Chief Negotiators themselves are going on strike for getting to implement what is agreed and settled.  

I repeat, it is not the mistake of ordinary humans like you and me.  Repeatedly, we have been told and has raised our expectations to the extent with false narratives.  This has resulted in reality has become casuality.

William Shakespeare said "I cried when I had no shoes, but I stopped crying when I saw a man without legs".

Thanks, a Million. 

With regards,

Prasad C N

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[Anand Rao]

Prasad ji

• • 
    It is not from Shakespeare. It is similar to a saying by Helen Keller: "I cried because I had no shoes until I met a man who had no feet".
  • Some sources attribute this sentiment to a 13th-century Persian book called The Gulistan of Sa'di.

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[Ramani Konnayar]

Dear Shri Prasad ji,

I think, the man without shoes refers to the pensioners under BEPR and the man without legs denotes the employees under NPS. And the message sought to be conveyed is, pensioners should be happy and content with the present scheme of things including 1960=100

DA series for pre Nov 2022 pensioners,

in view of the predicaments of UFBU in resolving issues of pensioners and more than that the declining trend seen in the income generated by Pension Funds as against the increasing trend observed in the outgo of monies to meet pension liabilities.

K N RAMANI 

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[Guruswamy K P GuruswamyK P]

Dear sir Prasad ji

I am a pensioner of canara bank.

I am a reignee now getting pension from Nov 2024.

But for us, our bank is not paying ex gratia along  with pension.Is there any stigma

for not paying ex gratia to us?

Hence, please clarify this issue for not disbursing ex gratia to resignees and not treating as regular pensioners.

Kindly request you to take up this issue with the concerned authorities with our bank.

Guruswamy kp

S 106331

9448013549.

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[Narayanan Venkateshwaran]

Prasadji

The problem is some of us are given shoe for one leg only. 

Regards

C V Narayanan

On Fri, 24 Apr, 2026, 10:47 am Anand Rao, <anan...@gmail.com> wrote:

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[Satyanarayana Rao]

What the great Wordsewarth
Said in one of his poem is what
U call  rags I call it a romance.

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On Thu, 23 Apr 2026 at 15:59, 'Prasad C N' via bankpensioner

<bankpe...@googlegroups.com> wrote:

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[Niranjan Cn]

Sir,  The retirees of earlier period getting pension - what was prevailing at the time of their retirement apart from periodical increase in DR.  To give little compensation,  Exgratia was introduced - as a small relief.  Dont worry - you will get from 2027 .  Hope this clears your doubt.

Niranjan

Ex Canara

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[JSOMA SHEKARA]

There are 12 Banks. Each bank has its own pension fund. Profit position is different. Amount of provision differs from each bank. Pension fund of  Canara bank cannot be transferred to PNB. PNB cannot transfer its funds to any other Bank.

The 4 lakh crores pension fund is imaginary and nowhere it  exists and no bank is maintaining such a fund. Likewise 18000 crores for family pension is also an imaginary figure and no bank has provided such a huge amount.

Each bank might have provided 1000-1500 crores.

For all working purposes each bank is a separate entity with its own board and each bank has its own pension pension fund adopted by the respective bank board. 

 The M C Singla case is filed against PNB. The PNB has to provide cost details and defend whether Reg 35/1 provides for updation or not, whether PNB can afford updation, provide details of cost of updation, provision etc.

In this scenario how an imaginary figure Rs.4 lakh crores comes into picture.

If M C singla side wins the case, then the verdict can be applied  to other banks.

Even in the 5 years case, 1616-1684 case IBA extended the verdict to all other banks.

IBA claims it is a private voluntary organization, an advisory body, that acts according to the mandate of banks and not accountable to retirees. IBA should not have been a party in M C Singla case and filing an affidavit interpreting legal status of the terms of pension regulations a subordinate legislation is superfluous. Only courts can give legal interpretation of BEPR1995.

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[Prasad C N]

Dear Sir, 

We are Taking up all these issues in our own way.

Please wait

Prasad

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[Niranjan Cn]

Sirji,

1.     All Banks maintain Pension Fund – as per Acturial Valuation .  Hence, transferring from one another does not arise at all.  There cannot be excess/shortfall to imagine transfer

2.     Rs. 4 lakh + crore pension fund is not imaginary but it is actual.  Respective Pension Funds are maintaining these amounts

3.     Again 18000+ crores for family pension is also not imaginary but actual.   Kindly sum up of all the banks provision to arrive at .

4.     As far as pension fund is concerned, position is same across all the banks.  Ofcourse, the capacity to provide funds may differ from Bank to Bank

5.     Just because IBA/DFS have filed affidavit stating that it is burden on the Bank Balance sheet, Petitioners/AIBPARC ventured in to prove sufficiency of funds.  Which was/is not required/warranted.

6.     Whether IBA is voluntary or otherwise – why should we spend time on that ?  They are representing the Banks Manadate.

7.     Ofcourse, courts will give decision on the submissions before them in Singlas Case.  But one can read Regulations and understand (no legal knowledge is required).

Niranjan

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[Ramani Konnayar]

Dear Sir,

I totally agree with you that waiting for things to happen as we desire them to is part and parcel of our lives.

But, when the wait becomes too long, those who are in the evening of their lives start losing hopes of getting their aspirations fulfilled.

To cite a small example, it was assured the pioneer trade union and its leader as far back as in April 2024 that the anomaly in calculation of ex-gratia to pre Nov 2002 retirees would be rectified soon and IBA would be issuing a clarification to banks on the subject. 

He was also kind enough to reply my mail sent to him and advised me to have some patience.

But, the matter is still pending and these pensioners have been losing around ₹700 - 800 every month since November 2023. Are they to take it that cost factor has come in their way and the tapered DA continues to haunt them?

K N RAMANI 

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[Visvam Ambattur]

Thanks again Prasad Ji.

PNB does NOT pay pension ex-gratia either.

Does any PS bank pay DR ex-gratia to resignee-pensioners.

Thanks and regards,

Ramachandran

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[Krishnaiah Bondalapati]

Ex-gratia was granted twice w.e.f.1/11/22 and 1/10/23. Since your pension was authorised from 1/11/2024. Ex-gratia also would have been considered and your total pension would have been fixed.

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[yogendra singhal]

IS IT APPROPRIATE  TIME TO SEND SUCH MAIL? 

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