- PENSION UPDATION- REPLY BY MOF IN PARLIAMENT 9th March'26 - 5 Updates
- February 25, 2026 Hearing Highlights by AI - 4 Updates
- NAKARA V. UNION OF INDIA (SC.1983) - 4 Updates
- 28.02.2026 circular.docx - 2 Updates
MOHAN P <moha...@gmail.com>: Mar 10 06:37AM +0530
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 <seevi...@gmail.com>: Mar 10 09:47AM +0530
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
JSOMA SHEKARA <jsomase...@gmail.com>: Mar 10 11:20AM +0530
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.
On Tue, Mar 10, 2026 at 9:52 AM Narayanan Venkateshwaran <
JSOMA SHEKARA <jsomase...@gmail.com>: Mar 10 02:30PM +0530
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 <karna...@yahoo.co.in>: Mar 10 07:24AM
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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On Tue, 10 Mar 2026 at 9:52, Narayanan Venkateshwaran<seevi...@gmail.com> wrote:
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 indeedC V narayanan
On Tue, 10 Mar, 2026, 6:38 am MOHAN P, <moha...@gmail.com> wrote:
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. "
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MOHAN P <moha...@gmail.com>: Mar 09 05:25PM +0530
Sir,
The referred chart has been drawn and filed before court by ,Mr.P. K.
Manohar Advocate for Resp. No. 5 <http://5.ie>,and not by IBA.
I have posted copy of the file here,earlier.
Regards
Mohan.P
On Mon, 9 Mar, 2026, 9:55 am Narayanan Venkateshwaran, <
Mathew Pc <pazhe...@gmail.com>: Mar 09 06:25PM +0530
Can you attach the chart once again?
Thanks
JSOMA SHEKARA <jsomase...@gmail.com>: Mar 09 05:51PM +0530
For discussion on updation issue is subjudice. But While cases against
denial of pension benefits on Special allowance are pending in HC and SC,
IBA UFBU discussed special allowance and increased it there by further
increasing loss for pensioners.
Niranjan Cn <niran...@gmail.com>: Mar 10 11:50AM +0530
Sirs,
The case is only for considering the Special Allowance for Pension in
Courts and the court cases are nothing to do with the special allowances to
working employees.
Hence the conclusion/comparison drawn by you may not be appropriate.
Niranjan
On Tue, Mar 10, 2026 at 9:52 AM JSOMA SHEKARA <jsomase...@gmail.com>
wrote:
JSOMA SHEKARA <jsomase...@gmail.com>: Mar 09 07:08PM +0530
Two factors that are making pre 2002 retirees suffer are
1. Commercialization of trade Unions 2. Utilizing funds meant for retirees
to increase wage revision percentage.
Leaders take up issues of employees who are paying subscriptions. They
do not want to invest their time
and\ money on retirees who are not paying subscriptions. Moreover those
unions who seriously take up retirees
issues like updation are barred from BPS. VIZ Befi and AIBOA. BEFI which
issues lengthy circulars on Social justice,
equality, protecting rights of workers etc etc stopped talking about
updation from the very moment it was barred from BPS.
Unions were afraid of permanent suspension from BPS and thereby losing
membership and subscription.
Just imagine even a Unions is having 2000 members and collecting monthly
membership of Rs.100,
the annual income of Unions is 24 lakhs per month + levy once in 5 years,
If levy is just Rs.1000 for 2000 members
total collections is Rs. 20 Lakhs. Total 5 years annual income is Rs.1.40
crores. Who will lose such an amount by
taking up the issue of pre 2002 retirees and get barred from BPS?
This is one of the reasons unions are accepting illogical reasons of Sub
judice and avoiding discussions.
2. How the rule pension basic shall be fixed on last 10 months average
emoluments.is being twisted
Based on this employees retiring during 10th, 11th and 12th BPS should
have got more pension
as their Basic salary +DA+allowances and yearly increments are
increased in every BPS.
IBA/UFBU could not have straight away rejected proportionate pension on
their average emoluments
or 50% pension on last drawn salary as it violates pension rules.
So the best way to reduce salary itself, by converting it as a special
allowance and denying pension benefits on it..
So amounts saved by denying pension on special allowance, updation,
merger of DA etc is used for
increasing wage revision to 17%. Where is the guarantee that UFBU will not
agree to increasing the special allowance to
50% and denying pension on it in 13th BPS.
It is my strong wish that affected retirees win special allowance case
and get arrears from their date of retirement
So all Unions prefer to keep the right to negotiate on behalf of
retirees and use it to get better perks for employees who pay
subscriptions.
So far no union leader has come out with the circular explaining why 100
% DA was denied to pre 2002 retirees, what is the actual
cost of updation, why merger of DA not demanded,why ex gratia not
reviewed, why Special allowance agreed denying pension benefits,
the Medical agreement was signed making retirees pay 100% of premium
there by keeping 80% of pensioners out of medical care.
The reason is the above two factors mentioned.
Satyanarayana Rao <karna...@yahoo.co.in>: Mar 10 05:56AM
The negotiating UFBU has become puppets of IBA and playing in the hands of IBA.
They neither have commitments to trade union ethics not have the bargaining skill.
They started singing on
dotted lines.
.
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On Tue, 10 Mar 2026 at 9:52, JSOMA SHEKARA<jsomase...@gmail.com> wrote:
Two factors that are making pre 2002 retirees suffer are1. Commercialization of trade Unions 2. Utilizing funds meant for retirees to increase wage revision percentage. Leaders take up issues of employees who are paying subscriptions. They do not want to invest their time and\ money on retirees who are not paying subscriptions. Moreover those unions who seriously take up retirees issues like updation are barred from BPS. VIZ Befi and AIBOA. BEFI which issues lengthy circulars on Social justice, equality, protecting rights of workers etc etc stopped talking about updation from the very moment it was barred from BPS. Unions were afraid of permanent suspension from BPS and thereby losing membership and subscription. Just imagine even a Unions is having 2000 members and collecting monthly membership of Rs.100, the annual income of Unions is 24 lakhs per month + levy once in 5 years, If levy is just Rs.1000 for 2000 memberstotal collections is Rs. 20 Lakhs. Total 5 years annual income is Rs.1.40 crores. Who will lose such an amount by taking up the issue of pre 2002 retirees and get barred from BPS?This is one of the reasons unions are accepting illogical reasons of Sub judice and avoiding discussions.2. How the rule pension basic shall be fixed on last 10 months average emoluments.is being twisted Based on this employees retiring during 10th, 11th and 12th BPS should have got more pension as their Basic salary +DA+allowances and yearly increments are increased in every BPS. IBA/UFBU could not have straight away rejected proportionate pension on their average emoluments or 50% pension on last drawn salary as it violates pension rules. So the best way to reduce salary itself, by converting it as a special allowance and denying pension benefits on it.. So amounts saved by denying pension on special allowance, updation, merger of DA etc is used for increasing wage revision to 17%. Where is the guarantee that UFBU will not agree to increasing the special allowance to 50% and denying pension on it in 13th BPS. It is my strong wish that affected retirees win special allowance case and get arrears from their date of retirement So all Unions prefer to keep the right to negotiate on behalf of retirees and use it to get better perks for employees who pay subscriptions. So far no union leader has come out with the circular explaining why 100 % DA was denied to pre 2002 retirees, what is the actual cost of updation, why merger of DA not demanded,why ex gratia not reviewed, why Special allowance agreed denying pension benefits, the Medical agreement was signed making retirees pay 100% of premium there by keeping 80% of pensioners out of medical care. The reason is the above two factors mentioned.
On Mon, Mar 9, 2026 at 3:18 PM Ramani Konnayar <knra...@gmail.com> wrote:
Dear Sir,
In my opinion, pre 1/11/2002 retirees are definitely eligible for 100% DR neutralisation retrospectively from 1/2/2005 as otherwise, there was no need for specifically incorporating a clause in the relevant MOU entered into between IBA and UFBU that no arrears would be paid and the implementation would only take prospective effect from 1/10/2023.
In all probability, the arrears were not paid only to cut/save costs. These retirees had abandoned all hopes after losing SLP in the Supreme Court and so even the prospective effect was an unexpected bonanza for them. The organisations representing them too did not bother to raise the issue of arrears, perhaps because this group consists of less than 15% of the total number of pensioners. To preclude the possibilities of any claim for arrears in future, the MOU - agreement route was specifically chosen.
Though the sanctioning of 100% DA as above preceded the 12th BPS, it was very much incorporated in that BPS along with the sanctioning of Ex-gratia to all those who retired prior to 1/11/2022. However, while Ex-gratia was given retrospectively from 1/11/2022, 100% DA was not given retrospective effect even from 1/11/2022. As a consequence, the ex-gratia for the pre2002 retirees was calculated on the basis the tapered DA paid to them in October 2022 and the loss is around ₹700 - 800 per month.This anomaly continues till date although UFBU assured as early as in April 2024 to get it rectified.
In short, among all the pensioners, those who retired prior to 1/11/2002 are the worst sufferers and justice is repeatedly denied/delayed to them.
K N RAMANI
On Mon, 9 Mar, 2026, 10:00 am RAMAKRISHNAN R P, <ramakri...@gmail.com> wrote:
On Fri, 6 Mar, 2026, 18:20 RAMAKRISHNAN R P, <ramakri...@gmail.com> wrote:
---------- Forwarded message ---------
From: RAMAKRISHNAN R P <ramakri...@gmail.com>
Date: Fri, 6 Mar, 2026, 12:22
Subject: NAKARA V. UNION OF INDIA (SC.1983)
To: <bankpe...@googlegroup.com>
Cc: RAMAKRISHNAN R P <ramakri...@gmail.com>
Dear Friends,We should know how our DFS , is doing INJUSTICE to Pre 2002 Retirees in comparison with 2002 post Retirees. Pre 2002 Retirees were not given 100 % D.R from 01.05.2005 to 30.09.2023 and from 01.10.23 onwards only this 100 % D.R Neutralization have been implemented by DFS not with Restropective but with prospective only. As per NAKARA Case, and as per our Supreme court judgement on NAKARA,Case, Pensioners form one Homogeneous Class and Artificial Division based solely on retirement dates violets equality. Date based discrimination held arbitrary. Even if regulations or silent , constitutional equality prevails. Administrative interpretation cannot defeat beneficial legislation. Whether DFS has RIGHT TO GIVE THEIR OWN VERDICTION BY DENYING RETROSPECTIVELY AGAINST PROSPECTIVELY , IS MY QUESTION. IS IT NOT 10 AMOUNTS TO ADMINISTRATIVE INTERPRETATION AGAINST THE LEGISLATION. I welcome if any of you clear my doubts !!! Due to this , you all know how much arrears we are lestimately to RECEIVE. With best regards, Ramakrishnan RP, VRS Retiree.
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Harish Midha <harish...@gmail.com>: Mar 10 10:05AM +0530
And above that one of our Honourable member in this group will continuously
keep on harping on the interpretations showing all negative views and
meanings of every comes, semi colon, full stop etc etc without even
touching on even a single word as nicely put forth by Somasekhra ji.
Very unfortunate.
On Tue, 10 Mar, 2026, 09:52 JSOMA SHEKARA, <jsomase...@gmail.com>
wrote:
Ramani Konnayar <knra...@gmail.com>: Mar 10 10:40AM +0530
Dear Sir,
There cannot be a more analytical and exhaustive reply than this, and I
always keep wondering at your patience to think over and write such long
letters.
I opine that more than the absence of any subscription from pensioners,
concern about the future of their majority members under NPS is the reason
for the Unions' disinclination and apathy towards pension updation. We can
very well afford to pay a subscription of even Rs.100 p.m. to them if they
would fight and secure updation.
K N RAMANI
On Tue, 10 Mar, 2026, 9:52 am JSOMA SHEKARA, <jsomase...@gmail.com>
wrote:
Satyanarayana Rao <karna...@yahoo.co.in>: Mar 09 02:43PM
Yes Sri Somashekara ji.
Very valid questions .
Every pensioner knows that the UFBU and IBA nexus have cheated the veterans and committed a fraud delebrately and suppressed the pension updation and pension regulations.
The judges have understood that there is something that calls for justice and natural justice and jurisprudence shall be ensured.
We will get favourable verdict and justice shall prevail.
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On Mon, 9 Mar 2026 at 15:18, JSOMA SHEKARA<jsomase...@gmail.com> wrote:
30 years have passed since BEPR1995 adopted and also became a legislation. If 35/1 does not give us updation why UFBU, IBA, retirees association did not try to rectify it? Regulations could have been amended at any time by iBA and UFBU.during the last 30 years. Pensioners have misunderstood 35/1. But UFBU leaders and other veterans and legal eagles. They have understood Reg 35/1 like the back of their hand.Then why no attempt is made to amend regulations? Why were the minutes of 08.03.2024 abandoned?RBI Unions and retiree associations did not bother about pension rules or funds. They consistently launched struggleleaving the job of finding funds to management. Continuous pressure forced DFS to take a decision.IBA is not experiencing any pressure from Unions instead Unions leaders have become spokesperson of IBAclaiming no funds.Pensioners are asking forget 35/1 and implement updation like DFS approved in RBI.
On Mon, Mar 9, 2026 at 9:57 AM 'Satyanarayana Rao' via bankpensioner <bankpe...@googlegroups.com> wrote:
Sri Somashekara ji.
Your observations are emphatically justified and we shall win the case and celebrate too.
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On Thu, 5 Mar 2026 at 9:25, JSOMA SHEKARA<jsomase...@gmail.com> wrote: Most of the High court verdicts set aside by the Supreme Court. In M C Singla case before examining the existence of rules if any for pension updation, HC Judge straightaway dismissed the claim of updation stating that disparity between a set of two persons retired in different dates is not a discrimination. But the Hon.SC judge has directed parties to submit charts to examine if there is disparity in pension. The Hon.High court judge did not go into detail the claims of updation on RBI lines as per small committee resolutions dated 26.03.94 but relied only on one sided statements of Banks/IBA like "RBI also has not implemented updation."Now the situation has changed and DFS which is also a party to the Singhla case has approved the updation for RBI pensioners. This factor also has been brought to the notice of SC judge through a copy of DFS notification.In HC petitioners have stressed the point that management and Unions have not addressed the grievances of the pensioners.While directing petitioners to approach the authorities for better benefits, Hon Judge should have also directed management to negotiate the issue with litigants.Further IBA and UFBU have signed minutes on 08.03.24, agreeing to discuss amending pension regulations to provide for periodical updation in every settlement.So Hon Judges hearing M C singla case may take consideration of developments post HC verdict.
On Wed, Mar 4, 2026 at 9:41 AM Niranjan Cn <niran...@gmail.com> wrote:
Sirs,
Sorry to say, most of the points are factually not correct. Most of the issues - already High Court Judgements have pronounced. Unfortunately, he never quotes the judgements already pronounced in the matter,
Niranjan
On Mon, Mar 2, 2026 at 9:57 AM RAMANI NV <ramani...@gmail.com> wrote:
Letter from Mr.C.N.Venugopalan.
---------- Forwarded message ---------
From: viswanathan ch <ch.visw...@gmail.com>
Date: Sun, 1 Mar, 2026, 4:28 pm
Subject: 28.02.2026 circular.docx
To: NV Ramani <ramani...@gmail.com>
https://docs.google.com/document/u/0/d/1p8o7AWp3WsUk46OycKnzhyH-KOHB5wWQ/mobilebasic
Sent from my iPhone
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Ramani Konnayar <knra...@gmail.com>: Mar 10 09:58AM +0530
Shortest possible answer is "replacement of BEPR 1995 with NPS
with effect from 1/4/2010."
On Mon, 9 Mar, 2026, 3:18 pm JSOMA SHEKARA, <jsomase...@gmail.com>
wrote:
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