CBI ENQUIRY MUST FOR EMBAZZLEMENT OF PENSION MUST. EMPLOYEES & OFFICERS LEADERS INVOLVEMENT CANNOT BE RULED OUT.

[Debasish Mukherjee]

*CBI INQUIRY MUST BE INSTITUTED.....* 

 *BANKS HAVE PERPRATED FRAUDS WITH PENSION FUNDS.....* 

 *AND UPDATATION OF PENSION IS DENIED...* 

Read full text and forward to all.

*IT IS VERY SHOCKING AND PAINFUL:* 

The shocking revelation from the PMO Office that the Public sector banks including SBI have utilised the Pension Fund for writing off NPAs, vide PMO office communication No.  PMOPG/E/2021/0374799 dated 20.05.2021  has sent shock waves amongst the bankmen.  Several instances of diversion of Pension Trust  fund  were detected in the past and it was brought to the notice of Indian Banks Association (IBA) and  CAG through separate  petitions, demanding a detailed audit of the Pension Fund of Public Sector Banks  including State Bank of India; but no action has been taken  by the banks  in this regard.   Pension Fund is created   for each bank through regular  contributions  from the salaries of the employees, for meeting the cost of  payment of pension and  periodical updation of pension for the retirees  corresponding to wage revision for serving staff  concluded through Bi Partite Settlement (BPS) with the Trade Unions  and Indian Banks Association (IBA) representing member banks. Even though five such wage revisions were concluded since 1997, the  Banks  have not so far  released pension updation to  the existing retirees under the pretext of a bogus “actuarial verification” with the ulterior motive of diverting the Pension fund balance to cover up the huge NPA scam  in utter disregard of the Pension Trust Fund rules. 

*Needless to add here that in all these years there were workmen directors from AIBEA (clerical) and officer director from AIBOC (officers). It is difficult to believe that these directors were silent without receiving heavy envelop from management to keep their mouth shut.  All these years from  2014 onwards, without any issues bank employees were forced to go on strike, as MODI removed all these workmen and officers directors from banks board. Their Hidden demand  was to appoint workmen and officer  director and allow  to roam in green pasture.*  

*When all other retired employees are enjoying updated pension, Bank Retirees must demand an explanation from their respective Associations (AIBEA  & AIBOC) about this great betrayal of the senior citizens which has no parallel in the history of Independent India.  AIBOC & AIBEA leaders have played the role of BRUTUS in this dirty game to save the corrupt senior management through a “mandate” for a hefty commission and have utilised the retirees Pension Fund to cover up their crime. The culprits should be brought before Law at the earliest.*

*Hope you will circulate widely in bank employees group and contact each and every comrade.* 

   *FORWARDED AS RECEIVED*

Sent from RediffmailNG on Android

[mohan p]

Dear Mr Debasish Mukherjee,

The same old  message(manipulated) you have forwarded now, has appeared under this blog also several times, posted by some members.

Reply too have given on actual position of the message,at that time.

Still it is found forwarded and hence,I am furnishing in detail on the grievance and manipulated version for information of all,those who were not aware of real fact behind the above message taking round in social media.

01.At the outset let me tell you that this is not an original message from PMO.

It is a manipulated version of a complaint made by one Mr.A.A.Vydya, to PMO,on 16.05.221.

02.His grievance was on pension updation /family pension etc.

( It us needless to furnish details here)

03.The above complaint was closed by PMO

on 20.05.2021 itself with following remarks:

(which has not shown in above forwarded message)

"

Remarks( of PMO)

"Pension is a funded scheme in Public Sector Banks and was introduced in lieu of the Contributory Provident Fund on the basis of consensus arrived at between bank Unions Associations and IBA on behalf of participating banks. Accordingly, bank Boards framed Employees Persion Regulations. Which were notified under the provisions of the Banking Companies Acquisition and Transfer of Undertakings Acts of 1970 and 1980. Pension is payable as per the agreement arrived at between bank Unions Associations and the banks."

04.Matter is over there with clear reply of PMO.

There is provision in grievance page on rating remarks with comments of complainant 

Here Mr Vaidya. added as below;

"

"Rating Remarks"

"THE ABOVE FORMULA IS NOT APPLICABLE TO SEE THE PENSION FUNDS WERE UTILIZED BY BANKS INCLUDING SBI LAST YEAR TO SETTLE NPA YOUR APPROACH IS VERY COMMERCIAL AND NOT EXPECTED BY PM OR GOVERNMENT OF INDIA'"

05.So it is crystal clear here, that the version of Mr Vaidya's 'rating remarks' in his grievance page  has been manipulated, to appear as if it is an original  message from Prime Ministers Office.!

06.This is an example of misinformation in the name of PMO,to mislead retirees.!

07.Funny side is if little bit common sense is applied, it could be observed that PMO office will never send such a reply to any  individual on pension fund of SBI, when his grievance is on some thing else,for which he has already got a reply too.

From the fake /manipulated /misinformed messages appear under social media/occasionally under this forum also, in the name of bank pensioners, we too may be surprised to 

observe that whether such people were really  working in banks in higher position for long years!!

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[Gopabandhu Mohapatra]

This post is making rounds for many days and so far nobody has given the details of the alleged diversion of Pension Funds to wipe off NPAs by many banks.

       Please go through the PMO office communications No. PMOPG/E/2021 /0374799 dt. 20.05.2021 above and no such revelation about Pension Fund has been made.

      Hence the scandalous rumour should be put to an end.

Gopabandhu Mohapatra 

eAndhra Bank 

[Kalyanasundaram Subramaniam]

Let us not waste our energy in responding to fake news. 

S Kalyanasundaram

[KUNAL SINGH KHARAYAT]

All foolishness.

 

Sent from Mail for Windows

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[Sridhar Mandyam]

Embezzlement means using public money for individual use. Can leaders bypass all audit checks? and we pensioners sitting at home, could detect embezzlement. Great!

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[Seshaiyer Devadass]

Yes there is no such information from PMO office and it is only a remark by Shri.A.A.Vaidya who filed complaint through PMO. And it is a routine that PMO ask for feed back as remarks

S.Devadass, State Bank of India - Retd, Palani-624601

Cell:9442250104

Virus-free. www.avast.com

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[JSOMA SHEKARA]

Instead of debating imaginary issues like embezzlement of Pension Funds and irrelevant and boring matters like prosecution of MD we request all learned members to discuss and suggest ideas to bring reforms in BPS system

While employees Pay several crores as subscriptions to unions and Banks also pay some crores of public money to IBA to conduct BPS and for inefficiency of IBA and UFBU to compete BPS in short time and dragging it for 3 years employees are punished by taking levy instead of paying interest for delayed period.

Even a union like BEFI is banned for asking accountability so no employee will dare to question BPS.

DFS in parliament says Pension issues are decided between the IBA and unions in BPS but IBA and UFBU do not care to discuss the issue for 20 years.

Transparency and accountability is required in the system. AIBRF is unofficially sponsored by AIBEA and AIBPARC is a subsidiary of AIBOC. These two unions never demand accountability from Unios but divert issues by writing letters to IBA knowing very well that IBA will never reply to their letters.

It is better to demand a separate negotiating system by a committee which is responsible and covered under RTI for negotiating retirees issues.

We have been neglected and humiliated for 20 long years. Do we continue like this forever? We have many learned members in this forum and they should come with suggestions for reforms in the negotiating system for retirees.

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[Nagaraju Kakani]

Sairam,

I do agree and endorse the suggestion of Sri Soma Sekhara. 

My suggestions are as below :-

1.Scrap IBA from pension negotiations of retirees/ Pensioners.

2.Scrap UFBU and its members from pension negotiations of Retirees/ Pensioners.

3.DFS to form a committee with member Banks to discuss the pension negotiations along with every wage revision for pension updation and other welfare issues.

4.Welfare issues to be  continued even after pension revision or updation by a small committee of the above bank mana gement   group.

5.Welfare issues like service charges, LTC, medical facilities, Health Insurance, Holiday Homes, etc

6.Banking Pay commision for retirees on the model of Central Pay commission.

7.Banking Ombudsman for redressal of retirees/Pensioners grievances.

8.Scrap all present retirees/Pensioner organisation and conduct fresh elections to elect the representatives.

9.Bank wise and Nation wide representatives only to be invited for the negotiation and no in-service representatives.

10.Welfare fund allocted to be in the hands of Sub committee for proper utilisation.

11.Scrap levy collection  by the retiree/Pensioners organisations.

12.DFS to allocate working funds to the recognised organisations at National level.

13.By laws to be approved by the DFS and BPC.

14.Negotiation to be completed in 6 months .

15.Pensioners representatives to be on the Pension Funds of Banks.

I am requesting all the group members to add or delete the above points and subscribe as suggested by Sri Soma Sekhara to discuss in the group and circulate to finalise the points to submit DFS/FM/Govt for consideration and implementation.All Seniors,Experinced in Pension /welfare matters,Stallwarts of the group are requested to involve voluntarily and form a Committee for this purpose before the PM/FM announces the Updation.

With regards,

Nagaraju Kakani

Hyderabad

9177538847

rajag...@yahoo.com

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[Ramarao Velagapudi]

absolutely right sir.