Tuesday, September 20, 2016

Appeal to Chief Justice of India made in July 2015 has been registered by Supreme Court as Petition

Letter received from Shri R K Pathak , our google group member , on the above subject is reproduced below.
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Dear Pensioners,
Please recall your attention to my earlier communication to group dated 25/07/2015, wherein I have forwarded the copy of Appeal made to Chief Justice of SCI by Shri. S Ramchandran, former GM of BOB regarding updation of Pension100% DA neutralization , with prayer as under:-   

It is in view of the facts referred at points 1-10 above and average litigation span of ten years & short of life at our disposal, specifically of Mr. S G Lele (87 years), Mr. C M Bhat (86 years) and other signatories of 80+years, we earnestly pray for your intervention and this Petition may kindly be treated as a Suo-Moto Writ Petition on the appellate side of the Honorable Supreme Court  
Therefore for the points 1 to 10 above, we pray  your lordship may be pleased to call for
1. the records and minutes of wage revision discussions in which our issues were discussed and  finally taken the stand as mentioned in Record Note of Discussion dated 25.05.2015.
2. to investigate into the cost of updation of pension, improvement in family pension and 100% DA neutralization by Actuarials defined in Pension Regulations 1995.
3. Upon investigation report from actuarials, to order to the concerned banks RBI and GOI, to arrive at the decision on the demands of the retirees. 
For the kind response and acts of your Lordship, we all, shall always remain obliged, as duty bound. ".[ Copy attached for ready reference]

I am glad to inform that Honorable SC has registered the said appeal as "Grievance" / Petition today on 19/09/2016 with DIARY No. 39861 of 2016 " .

It is worthwhile to mention that I was actively associated with this task and Mr. S. Ramchandran, former GM of BOB  at the age of 76 was moving to have the signatures of Senior Citizens on the Appeal.

In fact this task has to be attended by the " APEX RETIREE ORGANISATIONS OF PENSIONERS " BUT UNFORTUNATELY THE RESPONSE WAS NOT ENCOURAGING FOR REASON UNKNOWN.

At least NOW , the biggest retiree organisation and AIBPARC will coordinate on this issue to take this matter forward.

With Regards

Pathak R K 

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Monday, September 12, 2016

Group Insurance Scheme for Retirees

We reproduce below the circular issued by AIBRF on the above subject.
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 Ref: 2016/542                                      Date: 09.09.2016
The Office Bearers/ Central Committee Members/ State Body
Chiefs
A.I.B.R.F.
Dear Comrades
Re: Meeting with IBA Officials on 08.09.2016
Re: Group Medical Insurance Scheme for Retirees
We called on IBA Officials at IBA office in Mumbai on 08.09.2016 and brought the following issues pertaining to the Group Medical Insurance Scheme for retirees for their consideration and solution
(a) United India Insurance Company has given one more option to the existing retirees to join the scheme by paying full year premium. Many  banks have   acted   on   the   communication of insurance company, but some are waiting
for IBA communication. IBA was requested to immediately
issue suitable communication to banks so all eligible can take benefit of it.
(b) Insurance policy is due for renewal on 31-10-2016. We
requested IBA to finalise the renewal premium with the minimum increase at the earliest so retirees can create sufficient balance in their accounts for renewal. No fresh authority should be insisted by banks for payment of renewal premium. It may be stated that overall claim ratio for all banks put together in the first year has already crossed 230 percent. In view of this some increase in premium for renewal is inevitable.
(c) Top up concept should be introduced for additional cover to those who wish to avail it and are ready to pay additional
premium on the lines of SBI Scheme. We understand that
UIICL is not averse to this idea.
(d) Issue of reimbursement of domiciliary expenses to retirees under the insurance cover should be settled without further delay. We understand IBA is in regular touch with the
insurance company for finding some acceptable solution. It was brought to our notice without implementation of clause of domiciliary expenses, claim ratio has crossed limit of 230 percent. Therefore while settling the issue of domiciliary expenses, long term viability of the scheme with affordable premium cannot be overlooked.
(e) Issuance of ID Cards to retirees need to streamlined in view of problems being faced presently.
(f) Administrative setup at the bank level and TPA level for
smooth implementation of the scheme need to be strengthened.
IBA officials assured us to take up the above issues with the
insurance company in the forthcoming meeting for their early
solution.
With Greetings,
Yours Sincerely,
( S.C.JAIN )
GENERAL SECRETARY

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Wednesday, August 17, 2016

Extension of Window Period for Retirees of the Banks for Joining the IBA Group Mediclaim Insurance Policy For the period ending 30th November, 2016.



A circular issued by AIBRF is reproduced below
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Ref: 2016/529                                           Date: 16.08.2016

The Office Bearers/ Central Committee Members/ State Body Chiefs

Dear Comrades,

We below reproduce the communication issued by United India Insurance Company Ltd. On group medi-claim insurance scheme applicable to the bank retirees which is self explanatory.
   
    “Re: Extension of Window Period for Retirees of the Banks for    Joining the IBA Group Mediclaim Insurance Policy For the period ending 30th November, 2016.
We would like to inform you the window period for joining under retiree policy was initially closed on 31.03.2016. On request of the member banks it was further extended up to the period up to 31st May, 2016.
 Now we have been receiving request from the member banks to have one more chance to opt the retirees to join the IBA Group Mediclaim Insurance Policy(Retirees). We are pleased to inform you that the competent authority has decided to extend the window period for retirees and the proposals/options exercised on or before 30th September, 2016   by paying the full entitled premium only will be considered for inclusion. Thus please ensure that premium of leftover retirees received in the Bank's office on or before 30.09.2016 should reach us on or before 30.09.2016. This is a final and golden chance for the retirees to join and no further options after 1st October, 2016 for joining the scheme shall be allowed please note. ( Please note that those retirees opted out from this policy are not entitled to rejoin this scheme). 
At the time of renewal of the retirees’ policy only the following members will be covered.
1.     The existing employees covered under the EMPLOYEES policy and retired on or before 30th September, 2016 and their name should be there in the existing policy.
2.     The members covered under the existing retirees policy  and covered till 30th November, 2016 will be entitled to join the group Mediclaim policy  on the renewal of the policy by paying the  renewal


 premium.( Please note that those retirees opted out from this policy will be not covered at the time of renewal i.e. from 01st November, 2016.)
The Premium Charges.






We request you inform the all retirees at the earliest and remit the premium to us on or before 30th September, 2016.
Your early action will be highly solicited.”
    2. We request you to be guided by the above communication and take up the matter with the concerned bank management for its smooth implementation.

    3. As you are aware AIBRF has been consistently taking up issue of one more option to the left over to join the scheme. We are happy that it has been considered favorably.
    
    With Regards,

Yours Sincerely,     

 ( S.C.JAIN )
 GENERAL SECRETARY
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