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.

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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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