Re: Improvement in Basic Component of Ex-gratia Amount Payable to Pre- 1986 Retirees and spouses of deceased Pre- 1986 retirees

The government has cleared the  proposal for improvement as under

(A) FOR PRE-1986 RETIREES
 Basic component has been increased from Rs. 300 p.m. to Rs. 350 P.M. plus DA at the applicable rates. At the present rate of DA, such retiree will get increase of Rs. 436 pm.

 ( B) FOR SPOUSES OF DECEASED PRE-1986 RETIREES
 At present such spouses are paid fixed amount of Rs. 1000 pm. Now it will be changed into two parts - Basic Amount of Rs. 175 plus variable DA at the appropriate rate pm. At the present rates of DA, the amount payable will be Rs. 1525 pm giving increase of Rs. 525 pm. Further it will keep on revising ever 6 months with change in DA slabs.

IT MAY BE NOTED THAT THE ABOVE CHANGES WILL BE EFFECTIVE FROM 1ST DECEMBER 2013.
It is learnt  that IBA will issue the circular in the matter shortly.


Source: AIBRF Website

All India Bank Strike on 20th and 21st Jan 2014

UFBU ( United front of Bank Employees) has decided to continue  its struggle for early wage revision onward to 48 hours all India Bank strike on 20th and 21st Jan 2014.

Click here to view UFBU circular

Source: AIBOC Website

Supreme Court orders Bank of Baroda for pension to CRS person with 6% interest & cost of Rs.50000/-

Supreme court has ordered Bank of Baroda to pay pension to compulsory retired (CRS) employee with 6 % interest and cost of Rs. 50000/-. In view of the Supreme Court Judgement , Shri R.K Pathak President, Resigned Bank Employees Welfare Association, has appealed UFBEU members to and IBA to undo injustice done  to Bank employees to who are denied pension on unethical grounds

Click here to view communique from Shri R.K. Pathak

Click here to view Supreme Court Judgement 

Now Andhra Bank- Supreme Court Directs to Pay Pension - SLP Dismissed

Supreme court has dismissed Special Leave Petition filed by Andhra Bank, in the case of an employee with 40 years of service, who was denied pension option. Now Supreme court has directed to pay the pension to the employee.We have received communique from Shri R.K. Pathak, President , Resigned bank employees  forum which is reproduced below.

Supreme court dismissed Special Leave Petition filed by Vijaya Bank in the case of denial of pension to resignees

We have received communique from Shri R.K.Pathak , President, Resigned Bank Employees Welfare Association , stating that Supreme court has dismissed SLP filed by Vijaya Bank in the case of denial of pension to resigeees. Shri Pathak was present in the Supreme Court at the time of the hearing of the case.
We reproduce below the communique received from Shri R.K. Pathak.

Quote

Finally Vijaya Bank Chairman, Mr. Upendra Kamat along with his TEAM appears before the KHC to submit his / Banks intentions to pay Pensions to the Petitioner Resignees ONLY within 4/6 weeks time. [Copy enclosed.]
For the first time in the Banking History, Chairman of the PSB is made to appear before the court as "Accused " only because of contempt petition filed by the Resignees.
In the enclosed letter submitted in the Court, to understand correctly, reference of following date & missing link is must:-

1) KHC Single Judge Allows pension to Resignees on 18/04/2012 by quashing clause 7 of Vijaya Bank Circular date 07/09/2010 disallowing pension to Resignees.
2) Vijaya Bank Appeal dismissed by Division Bench on 30/07/2012.
3) Vijaya Bank files SLP in SC on 20/08/2012 but doesnot make SINCERE Efforts for listing & admission.
4) On 07/12/2012, Hon.justice Mukhopadhyay & Justice Swatantra Kumar hears argument of Advocate on Record & doesnot grant leave to the petition as prima-facie donot find merit in the case. Sensing fear of DISMISSAL, advocate on record request for withdrawal of Petition with libert to go in REVIEW before HC. NO REQUEST WAS MADE ON 07/12/2012 TO FILE FRESH SLP IF THEY DONOT GET RELIEF IN LOWER COURT. SC disposes SLP as withdrawn to file review.
5) Vijaya Bank resignees files Contempt Petition.
6) On 25/10/2013 KHC dismiss the Review Petition.
7) Resignee Files before Caveat20/11/2013 in Supreme Court anticipating Move of Vijaya Bank to file SLP.
8) Vijaya Bank files SLP on 20/11/2013 with hope to get it admitted on 21/11/2013 with interim prayer for contempt petition which is scheduled on 22/11/2013.
9) Surprised to see caveat & could not succeed & request KHC to give time & KHC grants time till 06/12/2013.
10) Master mind team of Vijaya Bank serves Notice of Petition to advocate of Respondents ( resignees) on 25/11/2013.
11) Case gets listed on 09/12/2013.
12) Mastermind manages to changes it to 02/12/2012 by adding it to supplementary list on friday i.e.29/11/2013.
13) On 02/12/2013, the matter is listed before Justice Mukhopadhyay & Justice Gauwda at Sr.No.57.
14) Justice Mukhopadhyay was also on Board on 07/12/2012, when earlier , dismissed First SLP of Vijaya Bank.
15) Vijaya Bank Senior counsel argues strongly for admission but, senior counsel for respondent (Resignees) Senior Advocate Sushil Kumar Jain ( The one who argued the case of ShilKumar Jain Vs New India Insurance Company) & stated that SLP is not maintainable in view of the Decision of Hon justice Deepak Mishra & Justice Radhakrishnan dated 03/10/2012.
16) Entire seen changed & Vijaya Bank was put to defence. Advocate sought adjournment till January 17, but understanding ill motive ( Corem of Bench get changed in January) of putting the case before New judges, Court grants date for 06/12/2013.
17) Dy. GM of Vijaya Bank ( Mr. S K Hegde ) moves to
Delhi & on 5th December 2013 files application wherein on oath states " on 02/12/2012, the counsel for the Respondent , who was on caveat , has pointed out to the Hon'ble Bench that the present SLP filed by the Petitioner is not maintainable, as the law has been settled now that any SLP filed after withdrawing the earlier SLP without seeking permission to file SLP is not maintainable by virtue of the judgement reported in 2012(12) SC 378 titled Vinod Kapoor Vs State of Goa, which was delivered on 03/10/2012.At the time of withdrawing the SLP on 07/10/2012, Petitioner was not aware about the said technicality".
18) Finally Bench Dismissed the SLP on 06/12/2012 by allowing law point open on the issue.
19)There after Bank Executive at Banglore moves to KHC & gave letter to KHC as attached.

Here important point is that Judgement declared by Court become law of land under Article 141 of the Constitution of India & IGNORANCE OF LAW " as pleaded by Vijaya Bank Dy.G.M. is not considered by the BENCH & SLP Dismissed.

I have basic question always that will be in my mind is " when Vijaya Bank DGM, qualified Executive, who has at his disposal Team of Lawyer & Legal Department of the Bank can plead " Ignorance of Law " to get justice to the Bank & to do injustice to one Mr.K Karriappa , a Peon respondent in the case on presumption that Class Four employee, understands the difference between Resignation & Voluntary Retirement & when IBA admits that Awards staff doesnot have VRS scheme.

May god Save Vijaya Bank.

Click here to view above referred letter

Unquote

Retirees' Organisations support strike call given by UFBU

Retirees'  organisations  AIBRF and AIBPARC have decided to support the strike call, on 18th Dec 2013,  given by UBFU.

 Click here to view AIBRF circular.

Click here to view AIBPARC circular.

STRIKE PREPONED –ALL INDIA BANK STRIKE ON 18TH DECEMBER 2013

The Text of UFBU Circular No.UFBU/2013/9 dt. 2.12.2013 on All India Bank Strike is reproduced here under

Quote

"STRIKE PREPONED –ALL INDIA BANK STRIKE ON 18TH DECEMBER 2013

The representatives of Constituent Unions, after due consideration of the request of the comrades of certain States for change in date of strike since 19th December 2013 is a declared holiday for their State(s), hence decided to prepone the All India Bank Strike to 18th December 2013.

Accordingly, it has now been decided to have All India Bank Strike on 18th December 2013.

Unquote

UFBU DECIDES ALL INDIA STRIKE ON 19 TH DECEMBER 2013

United Forum of Bank Unions (UFBU) has given a call for All India Bank strike for one day on 19th December 2013 demanding -

•    Immediate Wage Revision
•    To Stop Banking Reforms

Click here to view UFBU circular

Source:  AIBOC website 

 

Court for restricting trade union membership to employees - Asks government to amend relevant Acts to keep out outsiders

The Madras High Court has asked the government to amend provisions of the Trade Unions Act and the Industrial Disputes Act to prevent outsiders from being representatives or officer-bearers of the trade union of any establishment.

Justice N. Kirubakaran suggested this in his order restraining the Indian Overseas Bank, Chennai, from permitting two retired employees, L. Balasubramanian and S. Srinivasan, as president and secretary of the IOB Employees’ Union, to represent the employees in negotiations and discussions with the bank management.

Originally, S. Valaiyapathy, an employee, approached the court to prevent the retired employees from participating in the negotiation and discussions with the management. Disposing of the petition filed by Mr. Valaiyapathy, Mr. Justice Kirubakaran said, “The bank is a credit institution and cannot deal with an outsider who is not bound by any declaration of secrecy.”

Source :  The Hindu - 18th Oct  2013

 

Bipartite talks between IBA and UBFU on wage revision

Another round of bipartite discussions was held on 11th Oct 2013 in Mumbai between IBA and UFBU on  demands for wage revision. IBA does not come out with any offer on wage revision. Pension issues were not taken for discussion. UFBU has given call for holding  demonstrations on 22nd Oct. 21, 2013, in all  State Capitals and other major centres.

Click here to view UFBU circular

AIBPARC Dharana at New Delhi -20th Sept 2013 - Press release by AIBPARC

Dharana program declared by AIBPARC at Jantar Mantar received remarkable  response from the retirees as good number of retirees were present for demonstrations.  

Honourable MPs - Shri Tapan Sen, Shri Prakash Javdekar and Shri Sitaram Yechuri  appeared at the place and addressed the retirees gathered there . They agreed that all the 5 demands of Dharna were genuine and just. They assured support  and said they will take up the issue with Govt. and also in Parliament, according to a source. AIBOC General Secretary Com. Harvinder Singh was also present  through  out the day..  He assured to continue to pursue the matter with DFS and IBA. 

 Following is the press note released by AIBPARC on the eve of DHARANA  in New Delhi.

Quote

1. Introduction
We are a representative organisation of Pensioners and Retirees of the Banking Sector. Encouraged by All India Bank Officers’ Confederation (AIBOC), we are an independent organisation of all the Retirees irrespective of their hierarchy in the Banking system. We have our affiliates in Nationalised Banks, RRBs, Private Sector, Cooperative Banks and the Associate Banks of State Bank of India. As for the Retirees of SBI, they coordinate their activities with us in best possible manner and they are participants to the Dharna of 20th September, 2013.

2. Why the Elder Citizens of the Banking Sector are on streets today ?
The representatives gathering in the Dharna of 20th September, 2013 are senior citizens with an age group varying between 60 years to 80 years. In other words, most of them joined the Banks before or immediately after nationalisation of Banks. The fruits of nationalization were carried to every nook and corner of the country by these elder citizens. It is they who manned the Bank-branches in villages, jungles, cities, islands, cosmopolitan centres and where not? In the midst of tremendous job hazards, in the face of risks and threats, it is these people who took effective part in amelioration of poverty in the country. Today Bank is an organisation which translates into practice all economic schemes formulated by the national government. The elders of the Banking Industry in their post-retired life need atleast a civilized reciprocation from the society and the government.

3. What are the principal issues with which the Pensioners are confronted with ?
There are lot many issues on which detailed dialogue with government of India and Indian Banks Association are necessary but for the sake of brevity, we are mentioning a few :

A) Non-Revision of Pension :
When the pay structure of existing employees of the government is revised through acceptance of recommendations of each Pay Commission, the pension of the Retired Employees is automatically upwardly revised. This is done to avoid distortions of pension in between similarly placed persons. Surprisingly enough, this is not done in Banks. When pay revisions take place at an interval of 5 years for working employees, the pension of retirees is not upwardly hiked. As a result, endless distortions and discriminations take place which are unlawful. To offer an example, a general manager who retired 10 to 15 years back, is drawing much lesser pension than any of his junior-most subordinate who retired in subsequent years. In different bilaterally agreed minutes, there are repeated mentions that such updations will take place and in Banks Pension Regulations, there is a provision for it. In spite of all such well documented back-ups the demand is remains unheeded.

B) Non-Revision of Family Pension.
After the death of the pensioner, his living spouse gets a most insignificant sum of 15% of Basic Pay as Family Pension. In Banks Pension Regulations, there are repeated mentions that the Regulation is based on RBI model. In Reserve Bank of India, by amendment of existing Rules in consultation with government of India, the family pension has been upwardly revised to 30% of  Basic Pay. The same system is prevalent in case of government employees. In spite of repeated demands to RBI and GOI, no effective step has been taken to upwardly revise the quantum of family pension in Banks.

C) Discrimination in respect of payment of DA.
Although the Pensioners in the Banking Industry are a homogenous lot, certain artificial barriers have been created in between them for payment of DA. The Retirees prior to 01.11.2002 get lesser quantum of compensation because 100% DA neutralization is not offered to them whereas the Retirees after 01.11.2002 get a better compensation because they are allowed to have 100% DA  neutralisation. This unjustified artificial barrier is causing unnecessary financial hardships to a substantial chunk of Retirees.

D) Computation of Pension at 50% of Basic Pay in State Bank of India and its Associates.
It is a well accepted norm in all organisations (Central Government, State Government, Nationalised Banks etc.) that 50% of last 10 months basic pay is treated as the amount of pension on which DA is calculated. In State Bank of India and its associates, the same policy is not being followed. We want immediate introduction of it.

E) Improved Medical/Hospitalisation schemes for the Retirees.
Till today, different Banks are following different norms. Inadequacy of amount, un-uniformity of benefits and lack of equity are characterizing this sub-head. We demand uniform and improvisedmedical allowance/hospitalization schemes.

 F) Several other issues of equal importance. The Retirees of the Banking Industry are also seriously concerned with several other issues of no less importance. Denial of equity to private sector retirees, denial of option to Pension to the Resignees who served the Banks for eligible number of years to get pension, denial of option to pension to persons who got compulsorily retired, improvement of the quantum of financial exgratia paid to pre-01.11.1986. Retirees so on and so forth.

4. The Most important question – where shall we discuss our grievances ?
Although our working brethren who are commonly known as UFBU have been gracious enough to submit the demands of the Retirees along with their demands before IBA and Ministry of Finance, Government of India, the Pensioners of the Banking Industry who sacrificed their “yesterdays” to secure a better “tomorrow” for the nation, need a platform of hearing their voice. This most legitimate demand of “Being heard” is not at all sympathetically attended to. We have made several representations to IBA and officials of the Ministry of Finance and also Hon’ble Union Finance Minister to create a forum (be it IBA or the government) which will hear the rightful voice of the Retirees in an official manner. The indifference displayed so far is shockingly unjustified. When the employees of the government get the proper opportunity and forum to represent their demands and sentiments, why the same will not be applicable to Banks? We have approached the leaders of all the central trade unions and important political leaders belonging to different political parties. We are grateful for their gesture and each one of them has written to Hon’ble Union Finance Minister requesting for a relook into our demands. The response of the government till today is cool and unresponsive.

5. Purpose of the Dharna
This is a peaceful gathering of the Retirees of the Banking Sector. The elder citizens have come from different parts of the country to participate in the Dharna. Through this peaceful display of human assembly, we like to draw the attention of the society, the government and all concerned though sympathetic coverage expectedly given by the print and electronic media.

- S. R. SEN GUPTA, GENERAL SECRETARY.”

Unquote   

Daylong Dharana on 20th September by AIBPARC at JANTAR MANTAR - New Delhi

All India Bank Pensioners and Retirees Confederation (AIBPARC) which is recently formed under the banner of AIBOC has claimed that within a short span of one year after foundation/registration, the membership has crossed number of 40000.  It has been decided by AIBPARC to hold a day long DHARANA, at Jantar Mantar , New Delhi , on 20th September 2013, to focus the following  demads/ issues of retirees before the press, public, government and society.

     i. Upward Revision of Pension
    ii.  100% neutralization of D.A. to pre 1-11-2002 retirees.
      iii.  Upward revision of family pension in lines with what 
         has  been done in RBI.
       iv.  Improved Medical facility /  Reimbursement of medical 
         expenses.
        v.  Second option of pension to resigees etc.

     Click here to view AIBOC circular on this subject

Senior citizens seek better treatment at banks - article in The Hindu Business Line

Most banks in the country want to catch their customers young — a desirable objective, given India’s young demographic profile. But in the process of welcoming the young, banks are overlooking the needs of older customers.

Click here to view the article in The Hindu Business Line

Bipartite talks between UFBU and IBA

According to UFBU circular, in the meeting held at Mumbai, IBA has agreed to agreed to give effect of the new settlement from the date of expiry of the 9th Bipartite settlement i.e. 1st November 2012 and merger of DA up to 4440 index i.e. 401 slabs in the basic pay and construct new pay scales for the employees accordingly. It appears that pension issue was not taken for discussion in this round, as there is no mention of pension revision issue in the circular. 

Click here to view UFBU circular

Increase in D.A. w.e.f Aug 2013

D.A. Rates for Pensioners (%) -  58 slabs more

Retired prior to 01-11-1992 - 1152 Slabs over 600 points
Upto 1250    1251-2000    2001-2130    Above 2130
  771.84%       633.60%      380.16%       195.84%
After 01-11-1992 upto 31-03-1998 - 1015 Slabs over 1148 points
Upto 2400    2401-3850    3851-4100    Above 4100
  355.25%       294.35%      172.55%       91.35%
After 01-04-1998 upto 31-10-2002 - 881 Slabs over 1684 points
Upto 3550    3551-5650    5651-6010    Above 6010
211.44%         176.20%       105.72%       52.86%
Retired on or after  1-11-2002 - 730 Slabs over 2288 points
For the entire Basic Pension Amount      131.40%   
Retired on or after  1-11-2007 - 593 Slabs over 2836 points
For the entire Basic Pension Amount       88.95%   

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

Press release by UFBRO regarding DHARNA ar Jantar Mantar, New Delhi on 19th July, 2013

Report on ‘Demands Day’ “sit in” protest cum  DHARNA   organized by the United Forum Of Bank Retirees Organisations (UFBRO) at Jantar Mantar, New Delhi,on 19th  July, 2013.

While the nation/banking sector has been celebrating the 44th anniversary of Bank Nationalisation, a unique DHARNA was undertaken by the retired bankemployees who served the banks sincerely while in service, under the banner of UFBRO comprising of Retired Bank Officers’ National Confederation /All India Bank Retirees’ Federation/All India Retired Bank Employees Association and other retiree organizations in Delhi’s ‘Jantar Mantar’ to invite the attention of the Govt/Indian Banks Association, to their longstanding grievances..

Demands

• Revision/ updation of pension which was fixed in 1994 when the pension scheme was introduced in Banks, in line with that of Central Govt Pensioners.

• Pension to resignees/CRS/Exit Optees in Associate Banks and dismissed terminated employees.

• 100% neutralization of Dearness Allowance

• Increase in Family pension in line with Central Govt/RBI

• Medical facilities like Central Govt Health Scheme(CGHS)

• Recognition of retiree organizations by IBA/Govt.

The Dharna was inaugurated by Shri. K.Sukumaran, president of UFBRO/RBONC, a  retired Chief General Manager of State Bank Of Mysore. More than 400 retirees, most of whom are senior citizens and many senior citizens (above 80 years) from across the length and breadth of the country  participated/took part in the DHARANA braving the elements.

Other  Retirees’ Organizations which participated in the  DHARANA  included  Resigned Bank Employees welfare association, State bank Of Patiala Retired   Officers Association, Bank Of Baroda Retired Officers Association, All India Punjab National Bank Retired Officers Association, State Bank Of Hyderabad Pensioners  Association, Erstwhile State Bank  of Indore Retired Officers association and  Erstwhile State Bank Of  Saurashtra Retired Officers’ Association, apart from individual retirees of various banks.

The speakers sought the intervention of the Prime Minister/Finance Minister /Chairperson- UPA, immediately to settle the urgent issues/problems faced by the bank retirees in their twilight years.

Click here to view press release by UFBRO which contains photos

Click here to view press release by Resigned Bank Employees' Welfare Association

Click here to view video of the speech by Shri R.K. Pathak, President, Resigned Bank Employees Welfare Association  

Retired Bank Officers' National Confederation proposes to hold demonstrations at New Delhi on 19th July 2013

Retired Bank Officers' National Confederation has been observing 19th July, Bank Nationalization Day in an unique way from the year 2011 for the first time in Thiruvananthapuram as a PROTEST DAY, in 2012 in Bangalore and for the third time in succession it is now proposed to hold a demonstration and sit-in dharna at Jantar Mantar grounds, New Delhi on 19th July 2013 as DEMANDS DAY to press for the immediate implementation of various demands of the bank retirees. This will follow with a submission of a Memorandum to the Authorities in Department of Financial Services, Ministry of Finance, Government of India, New Delhi. They have made elaborate arrangements like obtaining permission from Police Authorities including security arrangements, erection of shamiana (tent), providing potable water, etc at the venue. However, the participants are requested to carry with them cap/hat, umbrella, water bottle, medicines and such other personal needs in their own interest and convenience.

The programme scheduled is as under:
Place: JANTAR MANTAR, NEW DELHI.
Date : 19-07-2013 – Friday.
Time : 10.00 a. m. – Registration.
11.00 a.m..– Demonstration Begins
Up-to 01.00 p.m – Slogans/Speeches/Press Media Meet
and submission of Memorandum.
Thereafter Programme of Protest/Demonstration ends.

 Click here to view circular by RBONC

UFBU meeting wth retirees/ pensioners oraganisation held at Chennai on 4th July 2013

An informal meeting with the representatives of the various Retirees / Pensioners Organisations was held in order to understand their viewpoints on the various issues and  demands concerning the retired employees.  After hearing their views, the UFBU assured them that all their concerns will be duly addressed by the UFBU during the wage revision exercise.

Click here to view AIBRF circular

Click here to view UFBU circular

Source: AIBRF Website

UFBU Meets Retiree Organisation - Chennai - Resigned Bank Employees' isse

A blogpost by Shri R.K. Pathak, Gen Secretary, Resigned Bank Employees Welfare Association,  is reproduced below.

Quote

Dear Members,

Today, as Mr. Sarkar Retired on 30/06/2013, in his Mr.M.V. MURALI, General Secretary of NATIONAL CONFEDERATION OF BANK EMPLOYEES was declared as UFBU Convener & Mr. K.K. NAIR,GENERAL SECRETARY of INBOC as President of UFBU.

The meeting was attended by Comrade Venkatachalam, Comrade Sarkar, Comrade Harvidarsing, Comrade Murli, Comrade Nair, Comrade Nagarajan & other comrades of other Unions.

Only 4 major Retirees Organisations were called for meeting & they were AIBRF represented By Jain SC, AIBP&RC represented By Mr. Acharya , Federation of SBI Pensioners Association represented by PP Sankaranarayana Murthy & RBONC represented by Mr. Sukumaran.

All these dignitaries made presentation of problems & demands of Retirees but the issue of leftover category, could find place very aggressively in the presentation of Mr. Acharaya K V President of AIBP& RC.

Fortunately, aggressive persuasion with Convener  Mr. Sarkar last week I was allowed to meeting today & make short presentation on the issue of Resignees. The copy of presentaion made in the meeting with UFBU Constituents is enclosed herewith.

All the UFBU constituents were receptive to our issues & Mr. Sarkar assured that Resignees will definitely get justice & UFBU is with them.

This is for your information.

Thanks & regards

Pathak R K   

Unquote

Click here to view the presentation made to UFBU

Madras High Court Judgement copy on 100% Neutralisation of D.A

Madras High Court has recently delivered a judgement on 100% neutralisation case.  Court order copy is now available. Click on the following link to view full judgement.

Madras High Court Judgement on 100% DA neutralisation

HC directs bank to include retired employee in pension scheme

MUMBAI: The Bombay high court has directed Union Bank of India to include a retired employee in its 2010 pension scheme although he had not filled up the requisite application form within the stipulated period.

Justices R P Sondurbaldota and V M Kanade accepted the contention of the aggrieved employee that his case should be considered, though belatedly because at the relevant time he had gone abroad with his family and thus could not fill up the form for the 2010 pension scheme.

The judges were recently hearing a petition filed by Kayoji Sorabji Mirza, who had challenged the decision of the bank to reject his application for inclusion in the pension scheme through a letter dated August 29, 2011.

"In our view, the petitioner is entitled to get the benefit of 2010 pension scheme as he is a retired bank employee and the scheme otherwise is specifically applicable to him," the judges said in a recent order.

"It is an admitted position that the petitioner was abroad during the said period of two months and, as such, firstly, he was not aware of the said scheme which was made applicable to the retired employees and, secondly, he was not aware of the said period during which the application was to be tendered," the bench noted.

"Taking into consideration these peculiar facts and circumstances of the case and also that the petitioner was abroad during the period of two months and was, therefore, not in a position to make the application for opting for the said Scheme, the bank is directed to make 2010 pension scheme applicable to him though he had not filed his application for option during the said period," the judges said.

However, the bench clarified that this direction is given in the peculiar facts and circumstances of the case and without considering the merits as to whether the employees would be entitled to apply after the cut off date.

Source: Times of India / PTI

Letter to the Convener UFBU by AIBRF regarding immediate coordination and consultation on Retirees' issues

AIBRF has  written a letter to the convener UFBU,  expressing disappointment  for keeping silence on retirees' issues ,in spite of repeated written communications, which were not responded by UFBU.
Click here to view letter to UFBU by AIBRF
 
Source : AIBRF Website  

Updation of Pension and 100% Neutralisation of D.A.

BANK RETIREES ARE ANXIOUS ABOUT UPDATION OF
PENSION AND ARE ALSO JUSTIFIABLY DEMANDING   
100% DA  ON THEIR FULL PENSION.

Click here to view full article in AIBOA House Magazine

Source : AIBRF Website

AIBPARC letter to IBA Chairman

All India Bank Pensioners & Retirees Federation (AIBPARC)  has written a letter to the Chairman, Indian Banks Association, which is reproduced below.

Quote           

                  ALL INDIA BANK PENSIONERS & RETIREES CONFEDERATION

( AIBPARC )

C/O. INDIAN BANK OFFICERS’ ASSOCIATION

2, GANESH CHANDRA AVENUE, KOLKATA – 700013

AIBPARC/IBA/7(b)/2013.                                                                                 16.05.2013                                                                                                                                                                                

Shri K.R. Kamath,

Chairman,

Indian Banks Association,

Mumbai.

Dear Sir,

Re:  (1)  Revision of family Pension in Banks.

        (2)  100% D.A. Neutralisation for Pre-01.11.2002 Retirees.

We have written two separate letters to you on the above subjects on 21.03.2013 and 31.03.2013.  As no forward movement has been noticed, we once again felt the necessity of drawing your pointed attention to the issues.

1.      Family Pension :         

RBI notification dated 7^th December, 2012 (copy already sent) clearly states that the family pension has been upwardly revised with the concurrence of Govt. of India and the number of years of service for eligibility to pension has been reduced. Since the Bank Pension Regulation is modeled on RBI pattern and Central Civil Service Rules, the facility should be immediately extended to Banks.

2.     100% D.A. Neutralisation to Pre-01.11.2002 Retirees.

The pending case at Madras High Court  may come up for hearing on any day.  On the earlier date of hearing, Hon’ble Court made an observation that all the Banks should remain prepared with calculations for payment. This is sufficiently indi

cative of what is going to happen. We have always held the view that the judgement of the Single Bench was based on a Supreme Court Judgement and hence there was little ground for IBA to move for appeals. We also made similar such request to you. In the changed context, may we request you to push forward the issue with a positive intent. Our argument in this regards gets further momentum with the information that the Chairman of SBI has also moved to the Office of IBA with similar such requests and it is backed by Board Resolution.

An early intervention is solicited.

Yours faithfully,

( S. R. SEN GUPTA )

GENERAL SECRETARY

Unquote