Wednesday, May 20, 2020

Curative Petition filed by United Bank of India Welfare Association in Supreme Court In the matter of 100% DA.

 Curative Petition filed by United Bank of India Welfare Association in Supreme Court In the matter of 100% DA  India came for hearing on 18.05.2020 before    bench of 4 judges.Oral hearing was not permitted.After going through the relevant documents,
curative petition was dismissed by the bench.



Thursday, March 5, 2020

Three Judge Bench of Hon’ble Supreme Court has dismissed the Civil Appeal filed by the SBI with regard to extension of pension benefits to those employees who retired from the service of the Bank after rendering service over 15 years, but less than 20 years under SBI Voluntary Retirement Scheme - 2000/01.
 Following lines from Hon’ble Supreme Court in this Judgment are reproduced below

"This Court observed that the principal aim of the socialist State as envised in the Preamble is to eliminate inequality.  The basic framework of socialism is to provide security in the fall of life to the working people and especially provides security from the cradle to the grave when employees have rendered service in heydays of life, they cannot be destituted in old age, by taking action in an arbitrary manner and for omission to complete obligation assured one."




Sunday, March 1, 2020

Bipartite talks between UFBU and IBA on 29th Feb 2020

During  Bipartite talks between UFBU and IBA on 29th Feb 2020 following points pertaining to pensioners emerged.
Improvement in Family Pension matter recommended to Government, will be expedited.
 On updation, IBA agreed that some improvement in the Pension would be worked out for the retirees of earlier settlements period by working out the cost.


Saturday, February 1, 2020

D.A. payable to bank pensioners.w.e.f.Feb 2020 to Jul 2020 - increase by 78 slabs

D.A. payable to bank pensioners.w.e.f.Feb 2020 to Jul 2020 - increase by 78 slabs




D.A.PAYABLE TO BANK PENSIONERS.w.e.f.1st.Feb'2020 to Jul'2020

RETIRED
On Or After
1.1.1986
7479
1719
over 600

Upto 1250
1251-2000
2001-2130
Above 2130



1151.73
945.45
567.27
292.23
%


RETIRED
After
1.11.1992
upto 31.3.98
1582
over 1148

Upto 2400
2401-3850
3851-4100
Above 4100


553.70
458.78
268.94
142.38
%


RETIRED
AFTER
1.11.98 upto
31.10.2002
1448
over 1684

Upto 3550
3551-5650
5651-6010
Above 6010



347.52
289.60
173.76
86.88
%


RETIRED
ON   OR
AFTER
1.11.2002
1297
over2288



233.46
%



RETIRED
ON   OR
AFTER
1.11.2007
1160
over 2836



174.00
%



RETIRED ON OR AFTER                           1.11.2012


75.90
%
759
over 4440








               
D.A calculator is available for calculating revised D.A. and difference. For calculating D.A , enter basic ( original basic without reducing commutation amount) and click on the calculate button. Revised D.A , Present D.A. and difference will be displayed on the calculator. Select appropriate retirement date range according to the date of retirement.
 
Click on the following link for  D A Calculator. 


  
D.A. Calculator



Tuesday, January 7, 2020

CBPRO letter to Hon Prime Minister regarding pending issues of bank pensioners

Letter by CBPRO to Hon Prime Minister is reproduced below

Quote
Dated: 04.01.2020

Shri Narendra Modi ji,
Hon’ble Prime Minister,
Prime Minister’s Office,
South Block,
New Delhi 110001.

Respected Sir,
Pending issues of Bank Pensioners and Retirees

We invite your kind attention to our various letters and memoranda, the last of which being 26.11.2019. We have been agitating against insensitivity of the concerned authorities towards our legitimate demands. We had also conducted dharnas and demonstrations at various important centres including state capitals and Jantar Mantar, New Delhi. It is disheartening to note that in spite of our knocking the doors of the concerned authorities including the Secretary, DFS, Hon’ble Finance Minister and Indian Banks’ Association, we have not been able to get any favourable response so far. We are therefore of the considered view that on intervention from your good office is respectfully solicited to help the cause of more than 5(Five) lac retirees including that of State Bank of India. We once again request your good self to look into our following legitimate and genuine pending issues and help us get justice:

1.Uniform Family Pension at par with Government and RBI Scheme.

2.Updation / Revision of Pension to all Bank Pensioners as granted in case of RBI Pensioners.

3.100% DA Neutralisation to Pre-2002 Bank Retirees

4.Comprehensive Medical Health Care Scheme for Bank Retirees  on the lines of CGHS.

5.Rekoning of Special Allowance introduced w.e.f 1.11.2012 for the purpose of Computation of Pension.

a)Updation of Pension has to be done for the following reasons to ensure Best Practices and Best Legal Compliance.

The Hon’ble Supreme Court has categorically held in its judgements that periodical Wage Revision invariably entails Periodic Pension Updation simultaneously.

b)Pension being a Deferred Wage Revision / Updation of Pension is a natural corollary to Wage Revision.

c)Updation of Pension to RBI Retirees was given initially and later on withdrawn wrongly leading to Litigation in Hon’ble Mumbai High Court and ultimately Government cleared Updation recently even in the absence of suitable Regulation in their Pension Regulations mainly for the above mentioned reasons.

d)More importantly in the Bank Employees Pension Regulation a categorical provision is made Regulation 35(1)
Quote:
BASIC PENSION AND ADDITIONAL PENSION, WHEREVER APPLICABLE, SHALL BE UPDATED AS PER THE FORMULAE GIVEN IN APPENDIX-1(GOVERNMENT GAZETTE NOTIFICATION NO.9 DATED 1st March, 2003).

Unquote

e)It is also absolutely necessary to give Pension uniformly at 50% of the Last Drawn Basic Pay to SBI Pensioners to avoid discrimination in payment of Pension.
.
From the above it is absolutely clear that all Bank Pensioners including SBI Pensioners are entitled for Pension Updation as given to RBI Pensioners recently.

We consider it pertinent to bring it to your kind notice that the emotive issue of improvement in Family Pension entails a negative additional cost and the cost of Pension Updation may not need any immediate additional provision as the annual contribution to Pension Fund and annual yield there on are robust and adequate to absorb the annual cost of Pension Updation by using the basis of Updation Factors applied in case of Reserve Bank of India recently. We shall be glad to explain the computation of cost of Improvements in Family Pension and also the Updation of Pension to DFS and IBA if given a chance and considered necessary in the interest of all concerned.

What has been hurting the Senior and Super Senior Citizens of the Banking Industry is that despite there being a pre-existing provision in Banks Pension Regulation, its implementation to update our pension has been arbitrarily denied. It is worth mentioning here that Banks Pension Regulation formulated under the Provisions of the Statute by the Government of India in consultation with RBI and published in the Official Gazette of Union of India. The Pension Regulations are thus a Subordinate Legislation having Statutory force. Moreover, the Hon’ble Supreme Court has also held that Periodical salary revision and corresponding Pension revision (Updation) are inseparable.

We shall be grateful to you for an early intervention to resolve our long pending grievances.

With Sincere Regards,

Yours Faithfully,
‌(A.Ramesh Babu)          (K.V. Acharya)
          Joint Conveners, CBPRO

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