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.

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                  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

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