Friday, July 23, 2021

Bipartite Meeting with IBA on Pension - joint circular by employees' unions

Joint circular by employees' unions is reproduced below

 No. 2021/Joint Cir/02          22nd July, 2021
To All Units & Members
Dear Comrades,
Bipartite Meeting with IBA on Pension
Our unions and members are aware that after signing the 11th Bipartite Settlement on 11th November, 2020, we have been pursuing some of the issues that could not be finalised with the IBA in the Settlement. Accordingly, a round of discussions took place with IBA on 10-12-2020 and minutes were also signed on these residual issues.
Out of these issues, updation of pension was one of the important issues raised by us in that meeting and IBA agreed to discuss the issue further. Due to the second wave of pandemic, meetings could not be held so far. In the meantime, IBA, set up a Committee headed by Shri CH S S Mallikarjuna Rao, MD&CEO, PNB to deal with the issue of Pension.
On following up the matter with the IBA, today, IBA convened a Bipartite meeting between the Committee and our Unions (AIBEA-NCBE-NOBW-INBEF). The meeting was held under video conferencing.
IBA’s Committee was represented by Shri CH S S Mallikarjuna Rao, (MD&CEO, PNB) Chairman of the Committee, Shri. M V Rao (MD&CEO, Central Bank of India), Vice Chairman and Mr. Om Prakash Mishra (DMD, SBI), Shri S L Jain (ED, BOB), Shri D. Mukherjee (ED, Canara Bank), and Shri Gopal Murli Bhagat, Dy Chief Executive, IBA.
We were represented by Com. Rajen Nagar and Com. C.H. Venkatachalam from AIBEA, Com S.C Balaji and Com. S K Bandlish from NCBE, Com. Upendrakumar from NOBW and Com. O.P Sharma from INBEF.
While thanking the IBA for commencing the discussions on the important issue of review of pension scheme, we urged upon the IBA to hold discussions on all other residual issues also so that the same can be resolved amicably at the earliest.
Regarding pension related issues, we raised the following points:
a) Provision to be incorporated for ensuring revision in pension during every wage revision settlement.
b) Pending this finalisation, updation of pension for all pensioners who retired from 1-1-1986 to 31-10-2017.
c) While updating pension as above, pre-November,2002 pensioners to be kept in mind keeping their earlier tapering DA formula.
d) Improvements in pension scheme like additional pension above the age of 80, 90 and 100, full pension to be given for 20 years service and above instead of present 33 years, calculating basic pension based on average of last 10 months or last month basic pay whichever is beneficial to the pensioner, etc. on the lines of RBI/Government scheme
e) Bringing pension of all retirees at the uniform price index of 6352 points.
f) Revision in Ex Gratia pension of pre-1986 pensioners.
g) Pension for resigned employees
h) Clarification on false complaints of diversion of pension fund of Banks.
We further informed that all these issues can be further discussed in detail by convening a physical meeting for negotiations at the earliest when understandings can be reached on all these matters looking to cost aspect, etc.
Improvement in Family Pension at 30% without ceiling / Enhancement of management’s contribution from 10 to 14% under NPS for post-2010 employees:
We pointed out that the Improvement in Family Pension at 30% without ceiling and enhancement of management’s contribution from 10 to 14% under NPS for post-2010 employees have been agreed upon and are part of the Bipartite Settlement but the matters are still pending for approval with the Government. We urged upon the IBA to follow up the matter with the Government to expedite the approval without further delay.
Comrades, all our members will recall that on the same day last year i.e. on 22-7-2020, there was a crucial negotiation between IBA and Unions when the MoU was finalised and signed which paved the way for the successful 11th Bipartite Settlement with adequate wage revision and many improvements in the service conditions which are being hailed by the employees. We hope that the commencement of the discussions today on pension issues will also similarly lead to further fruitful discussions and successful culmination at the earliest.
Further developments will be informed in due course.
With greetings,
Yours comradely,
C H Venkatachalam S K Bandlish         Upendrakumar     O P Sharma
Gen. Secretary         Gen. Secretary       Gen. Secretary     Gen. Secretary
AIBEA                     NCBE                    NOBW                INBEF

Saturday, July 10, 2021

AIBPARC holds virtual GC meeting on 8th July, 2021, Takes stock of contemporary issues and decides programme of action

AIBPARC circular on the above subject is reproduced below

Circular No. 31/21                                                                                       09.07.2021.
(For circulation among members of the governing council of AIBPARC,
State Secretaries, Special Invitees and Advisors.)
Dear Comrades,
Sub : AIBPARC holds virtual GC meeting on 8th July, 2021,
Takes stock of contemporary issues and decides programme of action
We have much pleasure to inform all concerned that the meeting of the Governing Council of the organisation took place on 8th July, 2021 virtually. We report hereunder the principal highlights of the meeting :
❖ The attendance was cent percent.
❖ Com. C. Gangadhar Yadav, our Working President, acted as the host. We are thankful to Com. Yadav and his team for the technical support.
❖ Com. K.V. Acharya, President, presided over the meeting which continued for 5 hours at a stretch without any break.
❖ 25 speakers including Advisors and Senior Office-bearers took part in deliberations. The exchange of ideas at a crucial time enriched the organisation and helped to arrive at the following decisions :
• The house expressed anguish and annoyance at the raw deal given to the elder citizens of the Banking industry by the Government in regard to not giving the clearance so far to the improved Family Pension although it was agreed upon long back in MOU and Bipartite Settlement/Joint Note and IBA’s recommendation to the effect was sent. Repeated clarifications sought for by the Government have reportedly been answered by IBA. The organisation has been very reasonably expecting the clearance on any day but till the date of holding the meeting, it has not come. The house notes the level of frustration in the minds of members and decides to convey the same to the authorities concerned.
• The house endorses the stand taken by the leadership in respect of lodging its claim as a principal stake holder before the IBA that it should be called for discussion on updation of pension which is currently being studied by an internal committee comprising of several CEO and MDs formed by IBA. The house records its anxiety in the matter of astronomical cost which was often projected by the actuaries appointed by IBA in the matter of updation of pension and family pension. This is demanded that the assumption  should be  realistic and the calculation sheets already presented before the Govt., IBA and UFBU by AIBAPRC be given due cognizance. AIBPARC, given the opportunity, will be making its presentation before IBA.
• The house appointed a two-man committee comprising of Com. P. S. Patki, Working President and Com. K. Chandrasekharan, Dy. General Secretary and State Secretary, Tamil Nadu to finalize the suggestions of AIBPARC on Group Medical Insurance Scheme for the year November, 2021 to October, 2022. The General Secretaries of all our affiliates are earnestly requested to mail their suggestions/ recommendations to the members of the committee at the following E-mail ID : and presidentchandru @gmail. com. within next 3 days and the committee will take 7 days to finalize. The urgency is felt as IBA has formed a sub-committee to study the subject and negotiations will be starting shortly. The house also felt that the last-moment hurry as experienced in previous years should not be repeated this time.
• The house decided to re-lodge its claim before IBA demanding official negotiation status. This is paradoxical to note that IBA by its official communication asks all banks to create grievance-redressal machinery but denies the same at its own level. IBA should again be approached to give cognizance to different issues escalated by the organisation at different points of time which include inter-alia the delay in sanction of stagnation increments (to eligible pensioners retiring between 01.11.12 and 30.04.15) by all banks, diversified interpretation made by banks for paying commutation arrears and interest thereon arising out of refixation of basic pay to rectify DA anomaly for a specified group of retirees, special allowance to be treated as part of basic pay, the address of different communications to CEO and MDs of public sector banks instead of writing to all the parties participating in Bipartite Settlement/Joint Note and different other issues taken up by the organisation.
• The house decided to re-lodge its demands before the Government that separate interest bracket is to be created for the elder citizens of the country to protect the interest income which is being drastically reduced by repeated curtailment of rates and extension of the best possible HR practices followed by the merging banks and the anchor bank to the retirees as per promises made by the government at the time of merger of banks.
• The house expressed serious concern at the much-floated news that government is going to take steps to privatize several nationalised banks. It is considered as a measure to push the wheels backward and it will not be beneficial to the country and the nation. The organisation will take part in all action programmes which will be declared by UFBU and AIBPARC will also formulate its own programmes in conducive situation when free movement will be permissible.
• The house notes with concern that some persons/organisations are floating different messages in whatsapp on various issues and such news are in most cases without any base. It is creating unnecessary tension and turmoil in the minds of retirees. It is nothing but cherishing a notional satisfaction. The organisation calls upon its members to rely upon a communication of AIBPARC only.
• The house accords its consent to the following co-options which had been long pending. The EC member from our affiliate in Central Bank of India, Com. D.H. Lahane will be upgraded to the post of Dy. General Secretary for the remaining period of the term and Com. M.L.Verma from the same affiliate will be inducted in the Governing
Council as an EC member.
• The house takes the following action programmes :
The members of the Governing Council will first send a memorandum to Union Finance Minister in a common format. If no action is taken by the government, then the membership will be called upon to submit a memorandum individually to Union Finance Minister conveying his/her dissatisfaction for non-resolve of long pending issues. The programme will be initiated in the month of July, 2021. The action points with specific dates of implementation and the circulation of common draft will be fine-tuned in consultation with senior office bearers and the same will be made known before 19th July, 2021 – a date which is very near to the hearts of all the Bankmen in the country.
• Comrades, you will appreciate that different issues are discussed and decisions are arrived at in such meetings. It is not possible to mention all the points in the circular. The viewpoints/concerns expressed by members are duly noted for follow up at different levels. To sum up, the meeting has been very purposeful. All the members are fervently hoping for restoration of normalcy in free movement at different parts of the country. As it is very difficult to go for demonstrative actions at the present moment, the digital front is going to be exploited to the maximum possible extent. If no result forth-comes, the organisation decided to go for demonstrative actions in permissible and conducive situation when the corona scare will not be there.
With best wishes and regards,
Comradely yours,



Monday, May 24, 2021

AIBPARC letter to Union Finance Minister regarding GST on group mediclaim policy and medical bills

 AIBPARC letter on the above subject is reproduced below

May 23,2021.
Ms Nirmala Sitharaman,
Hon'ble Union Finance Minister,
Government of India, New Delhi.
Respected Madam,
Sub: A frantic appeal on behalf of the Retirees of the Banking Industry
to abolish the present GST rate of 18pc on premium of Group Mediclaim
and also on medical bills.
We learn that the meeting of the 43rd GST Council is expected to be held
shortly under the Chairpersonship of your good self. The whole country is
eagerly expecting that the Council would be considering, inter alia, the
reduction of GST rates on various medical essentials to curb the financial
burden of Covid 19 treatment. We seize this opportunity to place before you
the aforesaid proposal in brief without any elucidation since we have already
represented before your good self, Hon’ble MOS for Finance and Chairman,
IBA on a number of occasions.
Madam, the Retirees of the Industry, being elder and super elder citizens of
the country, are extremely vulnerable in the pandemic situation and the
number of unfortunate deaths reported from different parts of the country is
also considerably high. The Retirees are totally dependent on the medical
insurance which they have to purchase each year at an ever--increasing cost
and the high rate of GST is further escalating the burden to an unbearable
We appeal to you to kindly consider our proposal with sympathy and favour
as a part and parcel of the proposed relief to be extended for reduction of
financial burden of Covid 19 treatment and it would immensely benefit the
Retirees with scanty monthly pension & ex-gratia and family Pensioners
whose pathetic plight is already known to you.
With Kind regards,
Yours faithfully,
Suprita Sarkar
General Secretary.




Saturday, January 30, 2021

DA rates for bankpensioners from Feb 2021 to July 2021 - 77 slabs increase


D.A. Rates for Pensioners (%)  from Feb 2021





Retired prior to 01-11-1992 - 1812 Slabs over 600  points





Upto 1250



Abv 2130











After 01-11-1992 upto 31-03-1998 - 1675 Slabs over 1148 points





Upto 2400



Abv 4100









After 01-04-1998 upto 31-10-2002 - 1541 Slabs over 1684 points





Upto 3550



Abv 6010









Retired on or after 01-11-2002 - 1390 Slabs over 2288 points





For the entire Basic Pension Amount





Retired on or after 01-11-2007 - 1253 Slabs over 2836 points





For the entire Basic Pension Amount





Retired on or after 01-11-2012 - 852 Slabs over 4440 points





For the entire Basic Pension Amount





Retired on or after 01-11-2017 - 374 Slabs over 6352 points





For the entire Basic Pension Amount



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, November 17, 2020

Letter to Hon'ble Minister of State for Finance by AIBPARC

 Letter to Hon'ble Minister of State for Finance by AIBPARC is reproduced below


 Dated 15.11.2020
Shri Anurag Singh Thakur
Hon'ble Minister of State for Finance
North Block

Respected Shri Anurag Singh Thakur Ji

We recall our meeting with your good self on 25.07.2020 in connection with our humble
contribution of Rs.2.12 crores to PM-CARES FUND. We also requested you to help
resolve our long pending demands. The warmth and a positive tone on your part
reflected empathy and compassion. This in fact proved to be a turning point in the
response of IBA to our issues.
A very favourable interview by the Hon'ble Finance Minister to The Hindu Business
Line followed by the caring concern shown by your Goodself and the Hon'ble Finance
Minister while addressing the 73rd AGM of IBA on 10th November 2020 has been
taken by our Organisation which is a Confederation of Retirees' Associations
representing the largest number of the Bank Pensioners and Retirees as delivery of
justice through your Goodself and Hon'ble Madam. Apprehending the hassles in actual
realisation of our legitimate dreams, we once again request you to consider the
following humble submissions for expeditious settlement.
We wish to express our sincere gratitude to your Goodself for advising the IBA/DFS
and other Officials to resolve our long pending issues which were reiterated in the
address to the 73rd Annual General Meeting of IBA 0n 10.11.2020 by your Goodself
and the Hon’ble Finance Minister. It was heartening to note that the improvements in
the family pension scheme @ 30% of pay drawn by the employee without any ceiling
has been agreed by IBA and the same has been incorporated in the XI Bipartite
Settlement and Joint Note signed between IBA and the Trade Unions as under:
Subject to approval by the Government, it is agreed that the family pension shall
be payable at the uniform rate of 30% of the pay of the deceased employee and
that there shall be no ceiling on family pension. It is agreed that these
provisions, when approved by the Government, shall apply to SBI also.
It is also pertinent to submit that IBA’s recommendation to DFS for improvement
in Family Pension has been under consideration of DFS for about one and half
years and yet again the agreement dated 11.11.2020 makes it subject to approval
by the Government. It is quite intriguing. We therefore request you to get the
family pension improvements implemented along with salary revision including
payment of arrears to the beneficiaries of the improvements in Family pension.

We place it on record our deep sense of Gratitude for the inspiring speech and
direction to IBA and DFS by you and Hon’ble Finance Minister. It was our long
pending Request and emotionally close to our heart as it has a direct impact on the
life and well-being of the spouses of the deceased employees and the beneficiaries
are mostly the Widows who are living in penury.
We take this opportunity to once again thank you for being kind and generous.
Hon'ble Sir, you will appreciate that our demand for the updation of pension which has
been impacting the life of every pensioner including the family pensioners has not
been settled yet. Even at the cost of repetition, we wish to mention that despite several
rulings by the Apex Court that the Salary Revision and Pension Revision are
inseparable; Pension is not a bounty; Pension is a deferred wage etc, our Pension has
not been revised despite Six Salary Revision Settlements after 1987. It has created
such an anomalous and unfair situation that a Top Executive Grade General Manager
who retired after 1.11.1987, draws lesser pension than a senior clerk who retires
currently. We had expected this also to be set right in the Salary Revision Settlement
which was signed by the concerned parties on 11.11.2020 immediately after your
advice to the IBA and DFS. It has left more than 4,00,000 pensioners disappointed. In
this connection we wish to once again submit the following for your kind and
sympathetic consideration:
Our request for updation of pension is not a demand to grant a fresh benefit as it is
already provided in the Pension Settlement of 1993 and incorporated in Bank Pension
Regulations 1995 vide Regulation 35(1) as under:
Basic Pension and Additional Pension, wherever applicable, shall be updated
as per the formulae given in Appendix - I (Government Gazette Notification No.9
dated 1.3.2003)
It is inexplicable and beyond human comprehension as to why the benefit of a
legal and pre-existing provision is being denied in a completely brazen and
arbitrary manner. What has hurt the senior and super senior citizens of the
banking industry more is that despite your unambiguous message, the
procrastination continues on some pretext or the other.
We on our part as a responsible organisation have been writing to Hon'ble FM,
your Goodself, DFS and IBA for several years duly furnishing the detailed
working reiterating that the annual increase in the pension for all the banks
including SBI comes to Rs. 5,322 crores, which does not involve any additional
provision at this juncture as illustrated below:

a) The amount of regular pension and family pension paid during the year 2018-
19 was Rs.17,415.16 crores
b) The interest income and regular annual contribution to the Pension fund
was Rs. 32,023.00 crores
c) Undisbursed/unutilised surplus in the Pension Fund for the year 2018-19
was Rs.14,607.84 crores
d) Additional liability towards pension updation using RBI updation factors
comes to Rs.5,322.87 crores
(The cost of updation has been calculated for all the 4,41,000 pensioners who
have retired upto 31.10.2017 and are eligible for updation of their pension as per
the salary revision settled on 11.11.2020).
From the above details it is clear that even after grant of updation of pension
there will remain an annual surplus of Rs. 9,284.97 crores thereby obviating the
need for any additional immediate provision and thus protecting the balance
sheets of the banks. If any bank has not followed the provisioning norms as per
Pension Regulations or misutilised the Fund, that alone would be required to
provide if their annual actuarial estimate in terms of Regulation 11 so warranted.
It is humbly submitted that the Public Sector Banks are the State within the meaning
of Article 12 of the Constitution and Bank Pension Regulations are made in exercise
of the powers conferred by clause (f) of sub-section (2) of Section 19 of the Banking
Companies (Acquisition and Transfer of Undertakings) Act, 1970 by the Boards of the
Banks in consultation with RBI and with the previous sanction of the Central
Government. Hence it is the statutory obligation on the part of the banks to
implement these regulations including Regulation 35(1) which provides for the
updation of the pension. While the guidelines from the Banking Regulators to
provide for NPAs are followed without blinking, it is beyond common
comprehension as to why statutory provisions are not being implemented
perpetually with impunity.
Hon'ble Sir, your address and reiteration by Hon'ble FM to the 73rd AGM of IBA
have truly raised the hopes and aspirations of the rank and file of our
membership who contributed to the nation building during their active service
and continue to chip in even after retirement whenever the occasions demanded
like PMJDY campaign, Demonetization etc. You are there and our last hope to
help realize our legitimate due.
We humbly request you to settle this long pending issue urgently so that this
hitherto neglected section of the pensioners could get the benefit of revision of
pension alongwith the revision of salary for the serving employees. Meanwhile,
we request for grant of interim relief based on the RBI Pension Updation

We also request you be kind enough to resolve the issue of 100% DA
neutralisation to Pre-November 2002 retirees who continue to be discriminated
unfortunate lot. It may be appreciated that price rise affects all retirees in equal
measure and discriminating against senior retirees who retired before
1.11.2002, is not only not legal but also against the principles of equity and
fairness while being violative of Article 14 of the Constitution.
The pensioners and retirees have been discriminated in the matter of Medical
Insurance Scheme which was introduced in the year 2015 in accordance with
the guidelines issued by DFS to IBA vide letter dated 24.02.2012 to evolve
medical insurance scheme for both the serving employees and retired
employees. While implementing the same IBA advised the banks to bear the
Medical Insurance Premium for serving employees and left the retirees to fend
for themselves if the wished to join the scheme. The introductory premium
which was Rs.7,500 in the first year was successively increased to more than
Rs.90,000/ for Health care domiciliary treatment for the year 2019-20 thus
making it unaffordable out of meagre pension drawn. It has driven many out of
the scheme on the grounds of unaffordability. It will not be out of place to
mention here that the Board Level Retirees - ED/MD/CEO/CMD are provided free
medical facility as they were enjoying during their service. The serving
employees are also provided free medical facility. It therefore becomes very
brazen to discriminate against retirees alone against the spirit of Government
Communication dated 24.02.2012.
In view of the forgoing submissions, we humbly request you to advise DFS &
IBA to settle these issues also forthwith without further loss of time and provide
much awaited relief to those warriors who are in the twilight of their life.
We shall always remain grateful to you for rendering justice to us at this stage
of our life.
With Best Regards,
Yours Sincerely,
K V Acharya      S Sarkar
Presiden         t    General Secretary
Joint Convener -CBPRO