[uma sankar s]

PLIGHT OF BANK PENSIONERS

Shri RK Nair, 90, retired GM of a nationalised bank died yesterday at Ernakulam, leaving behind his wife in an Old Age Home. Alone.
Three years back when I met him, he was in dire straits - penniless and worn out. Without any regular income other than a squeezed out dwindling pension, a long post retirement life was proving too burdensome for him. "If you are not a personally rich person otherwise, and retire from a bank, you should better prepare to die within ten years. Otherwise you will rot", he told me then.

He was right. His beautiful wife who once accompanied him for branch inaugurations and other functions during their heydays is now staring like a corpse at her dead husband's body to be taken to a crematorium, cuddled in the corner of a 10 by 10 feet room. Here ends a hectic banking career spanning four decades of tension, stress and running around.

It is a shame on the Indian Banks Association that the bankers basic pension has not been revised since its introduction long back unlike other government staff. Retired bankers have become a pain on the arse for the government and a bad omen even for the common man, an unwanted stuff staring at poverty and deprivation.

Alas, in a nation which preaches respect and love for the elderly, these helpless souls have knocked at every door for help, in vain. It is high time the Government which preaches 'Vasudeva Kutumbakam', opens its eyes and see the plight of their own elderly people and take necessary action to provide necessary relief.

ॐ शांति शांति

A R Chandrasekaran
Rtd AGM (SBI)

[Sriramamoorthy Seethepalli]

K/A: Mr.Chandrasekaran,

Moved beyond words. There are several like Late Mr.Nair( Om Shanti Shanti) who are still living in absolute desperation.

There are several who have been denied even pension and that too from SBI the biggest of all PSU Banks.

They have been denied under one pretext or the other. Mostly on the flimsy premises of the so called CUTT OFF date fixed by the SBI Authorities unilaterally despite having completed confirmed service of 15 years as averred by a honourable S.C judgement. Those who have retired or resigned after more than 15 years. The SBI  Management and PSU Bank Managements , are fully aware that these honest middle class aged Bank employees/officers could not afford to fight legally .

I am one such, having joined SBI as a Probationary Officer in 1968 and resigned after nearly 18 years 3 months.I had a blemishless service. Denied pension and some other benefits,All my appeals were rejected on some ground or other. I have sought remedies both legally and by appeals, but failed.

I am a super senior citizen and leading a retired life. I have escaped from the misery of Late Mr.Nair,as  I am well qualified and served in the Private sector after resigning. 

Sharing with you an ex colleague.

Thanks & Regards

S.Srirama Murthy

7989061906

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[Gopalakrishnan V]

Case of  Nair is the case of many  retired bankers. The leaders at the helm of UFBU  in the years of  1990s ( after 1993, the  pension benefit came into existence) are solely to be blamed for not earnestly  following up with IBA. 

NO excuse from leaders are tenable. 

They were  scared of the after effects of  starting the NPA norms affecting the profitability of Banks. 

It should  have been followed up when the Sun was shining. 

Now instead of pension updation, bankers should  approach the IBA to implement the Central Govt Pay commission for bankers also. 

Bipartite  settlement is not feasible now. 

Waiting for 4 years to get a new  settlement after expiry of the settlement

period is longer compared to central govt. Pensioners. Fund to crores of rupees is of benefit to the bank on account of several days of strike by employees. Without any strike , central govt employees  and pensioners get their due share of revision,  whatever calamities the nation faces from time to time.

So much for the present.

Gopalakrishnan V

Sbt retiree.

--

[vrsivaram...@yahoo.in]

Sir, these three mummurthys are playing with the life of pensioners. UNION leaders say that IBA is very adamant and not caring them. If we question the bank , Bank says they have reffered the matter to IBA,if we ask IBA it says it is acting according to the banks instructions.IBA is nothing but a broker of banks functioning under the control of banks.  IBA clearly said in its circular about its legal status that it is acting according to the banks instructions

To hide the misuse of pension funds all these mummurthys are playing a big drama.Suppose if funds are more whether the banks will pay more pension to pensioners.The most of pensioners who left the world are founders of UNION and worked tirelessly for the development of UNIONS by spending money out of their packets..But  the present leaders are enjoying their life at the cost of UNIONS.Banks have to provide funds to pension fund account out of gross profit and not from net profit.It is a statutory  obligation.Is providing funds to NPA's are more valuable than HUMAN LIFE.?

      

RAISE.      YOUR.      VOICE

                        

                     .🙏

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAECOHc-ex-HbhNyp5g0U6EC%2B88P0nGA%2B9TBp0LVwPLQMecF2yA%40mail.gmail.com.

[vrsivaram...@yahoo.in]

[vrsivaram...@yahoo.in]

[vrsivaram...@yahoo.in]

[Nagaraju Kakani]

Sairam, Will the letter of Sri CHV  of TBEF of 1994 will help the retirees in thier fight for Pension Updation in the Supreme Court, based on the Point No.2 , not incorporated in the Regulations.

With regards,

Nagaraju Kakani

Hyderabad 

On Mon, 4 Jul 2022, 09:47 vrsivaramakrishnan via bankpensioner, <bankpe...@googlegroups.com> wrote:

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[vrsivaram...@yahoo.in]

We can't see this kind of trade UNION leaders in the world  .  IBA,  and  unions will decide PENSION updation only after 50%pensioner die. These fellows are not human beings. Suppose if the funds are surplus whether this leaders demand double the amount of pension. 💜 Heart less mindless knowledge less leaders.

 Save working class from these leaders.

It is high time to kick out IBA & present leaders

DEMAND PAY COMMISSION

  

Kick out commission agents

On 05-Jul-2022 5:02 AM, "Dr.Dhananjaya Bhupathi" <doctordh...@gmail.com> wrote:

---------- Forwarded message ---------
From: jagat niwas Shukla <jagat.n...@gmail.com>
Date: Mon, Jul 4, 2022 at 7:21 AM
Subject:
To: bank officers <aibo...@gmail.com>, Madan Ji Upadhyay - UPBEU,
Allahabad <madanup...@yahoo.com>, Vedavyasa Acharya
<acharyav...@gmail.com>, <aib...@gmail.com>, satish arora
<skar...@gmail.com>, Rakesh Verma - Jt. Secy. UPBEU, Hathras
<abrk...@gmail.com>, Deep Kr. Bajpai - VP, UPBEU
<absa...@gmail.com>, A.K. Kool - Faizabad <koolar...@gmail.com>,
ALL INDIA BANK OFFICERS Confederation <aiboc...@gmail.com>,
Dr.Dhananjaya Bhupathi <doctordh...@gmail.com>, K R BUNKAR
<k.r.bun...@gmail.com>, Banwari Lal Maheshwari
<jagdish...@gmail.com>, Lal Chand - Federal Bank
<lalch...@gmail.com>, Pradip Biswas <pradi...@yahoo.co.in>,
federal bank employees union aluva <fbe...@gmail.com>, Office of
Tejasvi Surya <con...@tejasvisurya.in>, <c...@iba.org.in>,
<md....@bankofbaroda.com>, CHAIRMAN SBI <chai...@sbi.co.in>,
<cmd...@indianbank.co.in>, <chai...@iba.org.in>, LakshmanRao
Kantamsetti <contac...@gmail.com>, harish chandra
<harishcha...@gmail.com>, <dbc2...@gmail.com>, Danendra Jain
<dkjai...@gmail.com>, Faujdar Dubey <faujda...@gmail.com>, Dau
Dayal Varshney <varsh...@gmail.com>, <ed....@bankofbaroda.com>,
<appoint...@gov.in>, <sec...@nic.in>, <fbo...@gmail.com>, Kedar
Shah - Farrukhabad <kedar...@gmail.com>, Thomas Franco
<ngcf...@gmail.com>, madan lal Gupta <mlge...@gmail.com>,
yadvinder gupta <sbpa...@yahoo.com>, <gsnob...@gmail.com>,
Nagabushana Rao Gurram <gnbr...@gmail.com>, <sa...@iba.org.in>,
harinarayana sarma nandivada <nhns...@aol.com>, Prabhakar Hebbar
<prabs...@gmail.com>, <hasmu...@gmail.com>, Prashant Sharma -
Meerut <ibeum...@gmail.com>, <bhagwa...@sansad.nic.in>, Thani
Kachalam <tkac...@gmail.com>, K.N. Kaushik - Lalitpur
<k.n.ka...@gmail.com>, VISHWANATH NAIK Kedoor <kevi...@gmail.com>,
K.K. Tiwari <kktiwa...@rediffmail.com>, lalitajoshi03
<lalita...@gmail.com>, llguptasaurabh <llgupta...@gmail.com>,
Manohar lal Arora <mlaro...@gmail.com>, <m...@pnb.co.in>,
<mosfi...@nic.in>, <m...@ucobank.co.in>, <md...@unionbankofindia.com>,
Sunil Ojha <soj...@gmail.com>, Y P Singh - President, AIABECC
<yps...@gmail.com>, Rana Pratap Singh - GS, ABEU (U.P.)
<ranaps...@gmail.com>, KUMAR ARVIND <presiden...@gmail.com>,
<rssha...@gmail.com>, singh raminder <raminder...@gmail.com>,
YVS Rao <yellamr...@gmail.com>, Vinayak T <vinay...@gmail.com>,
<tug...@gmail.com>, <saran...@gmail.com>, UPENDRA KUMAR
<upendr...@gmail.com>, Venugopal Cheriyachanaseril
<ceey...@gmail.com>


फोरम आफ बैंक पेंशनर एक्टिविस्टस्
Forum of Bank Pensioner Activists
PRAYAGRAJ
न त्वहं कामये राज्यं  न स्वर्गं नापुनर्भवम्।
कामये दुःखतप्तानां प्रणिनामार्तिनाशनम्॥
हिमालयं समारभ्य, यावत्  इंदु सरोवरम्।
तं देवनिर्मितं देशं, हिन्दुस्तानं प्रचक्षते।।


KEEP IT UP, THERE IS
NOTHING TO LOOSE !
WE WILL WIN !!

In continuation to our mail dated 3.7.2022, we have to make some
observations on UFBU circular dated 2.7.2022 on their conclave they
held with IBA on 1.7.2022. The circular talks of two most contentious
issues of retirees, one Pension Revision and other Minimum Health
Insurance from Banks' cost.

At the outset, we strongly condemn the utter disregard that the Unions
and the IBA indulged in, in regard to most aggrieved Bank Pensioners
matter, as explicitly evident in the circular in reference. Our view
points are as under:

1. The same decade old rhetorics of pension updating cost have been
repeated by IBA.

2. Most frustrating and disgusting scene  we saw Unions with curd
fixed in their mouth on 1.7.2022. The lamentations of IBA regarding
'additional cost' for pension updating is not new.

3. Could any body tell, how it relates to Bankmen or pensioners or
what they can do in this regard?

4. Is the IBA/UFBU unaware that the Pension is a contractual
obligation of Banks?

5. It's neither the working Bankmen nor the pensioners to arrange the fund.

6. The pensioners have had fulfilled their financial obligations as
and when they choose the pension option.

7. The futuristic cost is a contractual obligation, implied to be
ownership issue.

8. Under such cost pretest, IBA cannot deny the right that acrue.
Pension is to be revised with wages. It's not fixed, subsidy, grant or
exgratia.

9. The IBA said, every year additional funds have to be given in the
pension fund. May we know, how this concerns the executives? None of
them are either the owner of the Banks or they got the banks in
heritage or in dowry. It's not their estate too.

10. If financial constraints have any relation to contractual
obligations, last wage increase settlement would not have had come on
11.11.2020, with retrospective effect from Nov., 2017, because Banks
were running in deep financial distress for several consecutive years!
Who one of the Executives reduced his rightful pay & perks or did not
want post retirement dues including Pension?

11. The circular says, that 'after a lot of discussions (details not
divulged) it has been suggested (who did it) that to begin with the
pension ( pre-1986 is not pension) to pre-1986 retirees/spouse can be
addressed on a priority and improvement in the pension of retirees
between 1.1.1986 to 31.10.2002 to be taken up.'

12. It's divisive idea, undermines what had been done in RBI case.

13. As facts stands, pre-1986 is not Pension issue. It's exgratia
under a Central Government scheme, not under Pension Regulations. It's
non-issue as far Pension is concerned.

14. Who suggested above idea? If IBA suggested it, had UFBU fixed curd
in their mouth that they could not reject it? There may be hardly few
hundred pre-1986 retirees/spouse. Doesn't it ashame IBA-Banks
executives to bring this non-bilateral issue in bilateral discussion,
while it relates to the government decisions/ notifications?

15. How can IBA - UFBU can decide about ex-gratia, a government
scheme? Was it not proper for the IBA/ Banks to take up it through
administrative channel with govt and get resolved. It may be an
administrative priority, not joint talks priority. We take it as first
unwanted hurdle to main issue of Pension Revision.

16. While coming to later part of 'suggestion', 'thereafter the
improvement in pension for retired after 1.11.2022' means from
1.11.2002 to 31.10.2022, say 20 years apan. Average life expectancy of
Pensioners may be around 20. It's matchless idea, that IBA slapped on
the wrinkled face. In this phase more than half pensioners will depart
from this world. Again we find curd fixed in UFBU mouth. They did not
speak any thing.

17. Plea for 1.11.2002 to 1.11.2022 is given to spread out the
additional cost. It's totally untenable and deflecting plea.
Additional costs are always amortized for 5 years to phase out the
financial burden. It is very much in existence in Banks. Family
Pension additional cost has been amortized.

18. Such ideas have not been conceived by IBA without underhand tacit
support of 'some' black sheep in UFBU. The ideas' smooth passage in
meeting indicates something transpired/ conspired behind the curtain!

19. We find no straight counter of the said obnoxious suggestion from
any Union. The constituent Unions never expected of this move. They
failed to speak that they are not interested in bull & cock story. We
do not find straight stand by Unions that they are interested  only in
whatever is given in RBI.

20. Are UFBU constituents not aware that they can't cross the mile
stone fixed by RBI in any matter? Entire communication maintains a
conspicuous silence about RBI revision, while revision case is wholly
based on RBI revision.

21. In Joint note dated 25.5.2015 on UFBU pension updating up to 4440
index, IBA replied, "IBA would examination the cost implications and
sustainability of member Banks." It's not without motive that 'cost'
is made a ploy to deploy to stall pension revision. In today's high
tech computing system, it's matter of few hours, but years and years
have passed, but cost is yet not known.

22. The aforesaid ideas are just a beautiful lady without breast. We
see the Unions succeeding in their ulterior motive not to allow
pension see the dawn. They are proving heavier and more effective than
the FM of the country.

23. There is no time schedule for the ideas floated, se above.

24. In Health Insurance matter, they for the first time suggest, not
demand, of minimum health security at Bank cost. Pensioners do
understand the meaning of suggestion and demand.

There is nothing to be disheartened. Keep it up. We Will Win.

(J. N. SHUKLA)
National Convener
3.7.2022
9559748834

[vrsivaram...@yahoo.in]

---------- Forwarded message ----------
From: vrsivaram...@yahoo.in

[vrsivaram...@yahoo.in]