AiBRF letter to IBA regarding implementation of Madras High Court Judgement on 100% neutralisation of D.A.

AIBRF  has written a letter to IBA regarding implementation of recent Madras High Court judgement on 100% neutralisation of  D.A.  The letter   has highlighted  the Litigation policy of Government of India which stipulates that if decisions are based on certin laid down principles of law laid down by the Supreme Court, appeal against the judgement should be avoided. In this case the affected people are senior citizens of the country. AIBRF expects that IBA would take pragmatic view and avoid hardship to senior citizens.

Click here to view the AIBRF letter

Madras High Court Judgement on 100% percent neutralisation of D.A.

AIBRF has issued a detailed circular on Madras High Court Judgement on 100% neutrlisation of D.A. elaborating following points.

1. Importance of the judgement

2. Observations/principles laid down by the bench while delivering the judgement in the case .
 

3. Action plan for early implementation of court order.

Click on the following links for viewing the circular and Madras HC judgement. 

AIBRF Circular

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

bankpensioner 100% DA....Victory to the pre-1/11/2002 retired Pensioners

 Madras High Court has   delivered the judgement in favour of the petitioners in the WP50000/2006 filed by the Treasurer of AICBRF (All India Canara Bank Retirees' Federation), Shri A B KasturiRangan (Ret'd Sr.Mgr, Canara Bank) and others.

 It is a GREAT Victory for the pre-1/11/2002 retired pensioners as this is the FIRST such one in Banking sector.

Communication from AICRBRF is reproduced below 

Our Ref:46:2012                                                                                                                        December 14, 2012

To: All Affiliates, Office Bearers and Central Committee Members

Dear Sir,

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

You may remember that a batch of Writ Petitions were filed by the aggrieved pensioners of Canara Bank, Bank of Baroda and Indian Overseas Bank in Madras High Court during 2006 on the subject matter. 

In our Bank, Sri A.B.Kasturirangan & 20 Others from Chennai filed the Writ Petition No.50000/2006 for payment of dearness relief to Pre-01.11.2002 retirees at 100% D.A. Neutralisation on the entire basic pension with effect from 01.02.2005 as paid in respect of those who retired on or after 01.11.2002. The petitions were heard by the Hon’ble High Court of Madras over a period of couple of months and arguments were concluded on 30-10-2012 with the Court reserving its orders.                                                                                                          

We congratulate the petitioners for their patience & quest for justice.

We are glad to inform you that the Hon’ble Court has since been pleased to pronounce its order today allowing the petitions and directing the respondent banks to implement the order within three months of receipt thereof.  Please wait for further details till we receive copy of the judgement from the Madras High Court. 

                                                                                                                                                       

With Greetings,

Yours sincerely,                                                                                                         

(S.V.Srinivasan)

General Secretary

UFBRO expresses disappointment to UFBU for not consulting retirees' organisation on Charter of Demands submitted to IBA

United Forum of Bank Retirees' Organisation (UFBRO)  represents more than one lakh retirees from 45 banks. Recently UFBU has submitted Charter of Demands  to IBA, in which demands/issues  of retirees were also incorporated.  

But the retirees' organisations were not consulted and taken into confidence before submission of Charter of Demand by UFBU to IBA . UFBRO has written a letter to UFBU expressing disappointment for not taking into confidence retirees' organisations. Click on the link below to view the letter.

UFBRO letter to UFBU.

Source : AIBRF website

extending the pension option to officers/employees who had resigned from bank's service - UFBU letter to IBA

Recently Government has clarified that those officers who had taken VRS under bank-level OSR provisions may be extended pension option and accordingly IBA has issued instructions to the member banks. In the last UFBU meeting, it was decided to take up the cases of employees and officers who had resigned from the Banks during  period. The  text   of UFBU's   letter addressed to the IBA in this regard is reproduced below

UFBU’s LETTER TO IBA

Reg.: Extending the benefit of joining the Pension Scheme as per Settlement / Joint Note dt. 27.04.2010 to employees / officers who had resigned from bank service

In terms of the Settlement / Joint Note dated 27.04.2010 between IBA and the Workmen Unions / Officers Associations, one more option was given to the following employees / officers to join the pension scheme.


a) Those who continued in service on date of settlement.

b) Family of those who had died during the period.

c) Those who had retired from service during the period.

d) Those who had relinquished their job under the special VRS in 2001.


All these eligible employees / officers were extended the option and most of them have already given their option and are now covered by the Pension Scheme.

There was a set of officers in some of the banks who do not fall under the above categories but nonetheless had retired from the service of the banks under their bank-level Voluntary Retirement Schemes. Since for all practical purposes, these cases are at par with regular retirements, the Government has already clarified that such officers who had retired under these Bank Specific Regulations be also covered by the settlement and hence to be extended the option. Vide our letter dated 18th September, 2012, we had requested the IBA to advise the banks to implement these Government clarifications. We once again request you to expedite the instructions.

Further, there are some employees and officers who had relinquished their jobs through resignations. Recently a few judgements have come stating that resignation is one type of retirement and hence be extended option to such employees who had resigned their jobs.

Since according to the judgement and legal interpretation, resignation and retirements are treated alike, we urge upon the IBA to consider and extend another option to join the Pension Scheme to these employees and officers who had ceased to be in service on account of resignation.



Thanking you,



Yours faithfully,

Sd..

P.K.SARKAR

CONVENOR 

Click here to view AIBEA circular