Pension issue in SBI–Why it’s not gaining momentum?


Pension issue in State Bank is a glaring item to be disposed off on an urgency footing, but as opined by many and as seen in practical terms, it is observed that there is not the requisite zeal on the part of all the parties concerned including the pensioners themselves. This is ironical. The reasons adduced and the feedback received on this count can be summed up like this:

    1. A big chunk of the pensioners consist of those who retired from the Bank’s service as senior executives with hefty superannuation benefits like gratuity and Provident Fund plus leave encashment. This equips them with sumptuous fund position to manage well the sustenance of themselves and their family without hankering for any supplementary income. This position applies to other categories of staff too with the difference that amount wise they draw much less compared to their seniors.
    2. The legal proceedings in the matter of pension are since pending for much longer a time in different courts of the country mainly including the one at the level of Delhi High Court and the other one with the Supreme Court of India, and this has caused a great frustration to the pensioners as a result of which they are a disappointed lot seeing no hope for any positive decision in their life time. They, hence, are losing their interest in the matter.
    3. Pensioners Association in different circles of the Bank, their Federation at the apex and also those representing the serving employees through their Unions and the Federation are unable to build up the required pressure for the purpose.
    4. Pensioners being in the wrong side of their age with junior most amongst themselves being in his/ her early sixties, majority of them do not find it physically feasible to fight the battle in the streets through gherao, dharna, hunger strike, demonstrations and picketing. Any kind of strike is of course out of question for them as they have nothing like any work to strike against.

V.K. Malhotra, an ex top rank leader of SBISA and a bosom friend of mine, shared his chagrin with me, emerge as it did in course of his efforts of mobilisation of the people on pension issue. He told me that he personally saw to it that around 200 retirees go through the article I wrote on the issue as ‘SBI Pension case -a perennial deferment’ a few days back. They did it but hardly a few of them showed any positive interest. He felt some what disappointed. I told him it just happens whenever you have to mobilise a cause or some mission. It is unusual if all the people uniformly endorse any move. Exceptions apart, by and large the majority of the people do endorse a move aimed at a common cause. For instance, one of my write-ups on the issue ‘A cursory look on Pension in State Bank of India’ was perused by around 32000 readers with around 900 comments, and it happened so in several other posts I wrote subsequently. It has to be borne in mind that a thumping majority of the pensioners does hanker for betterment in the amount of the pension payable to them and the issue has to be taken up in right earnest. Those who have not yet woken up will wake up if not today, positively tomorrow.

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21 thoughts on “Pension issue in SBI–Why it’s not gaining momentum?”

  1. Pension issue in S.B.I., has been delayed more than ten years and the poor pensioners have lost the faith in the govt and judiciary. One case is pending in the Delhi High Court filed by seven retirees and four have gone to the Almighty .,one of the widow of the pensioner retired from the high rank is getting the pension less than a award staff pension at present and is pending in Delhi High Court more than ten years, an other case is pending in the Supreme court more than two years. Govt is putting the pressure on them by increasing the prices of all the essential commodities , the purchasing power of the pensioners have down , .you have rightly given in detail the condition and the circumstances of the S.B.I.pensioners. moreover, the pensioners have not given the training during their service, how to fight the injustice , because, the associations play their roles and press the employees not yo come forward for this purpose. thanks for giving i n details the S.B.I. pensions issue, and request you to please help them by any means to solve the pension issue

    Raj Kumar Negi

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    1. *Thank you Negi, for your elaborate comment. Let the issue be mobilised in the requisite proportions and some good results are bound to emerge some day. I feel committed to the cause as a mission.*

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    2. you have rightly sid that the pension issue was not taken seriously by the pensioners union leaders and as well as present union leaders . I may here mention that the union leaders of the pensioners have not got any lesson from the past and even today they are thinking for their own benefits. the retired pensioners union leaders in chandigarh circle Pensioners association, travel by Air and also in Six to eight put the heavy amount on pensioners funds for their personal /meetings or pensioners meetings in other circle, how we can hope for the better ment of the pensioners. please give your views . thanks

      Raj Kumar Negi

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  2. Pensioners went to court as a last ditch effort after knocking all the doors of most benevolent management.These hypocrites preach a lot on care and concern and when it comes to taking a decission they shiver and scoot such is the spineless at the helm of affairs and you cant expect anything from them except sugar coated discourse.Supreme court delay means it is a usual thing and nobody in hurry to dispose cases

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  3. SIR, ONCE AGAIN A VERY EFFECTIVE, ELABORATE AND NICELY DESCRIBED BLOG BY YOU ON PENSION ISSUE. I REALLY COMPLIMENT AND CONGRATULATE YOU FOR YOUR TOTAL COMMITMENT TO THE CAUSE OF PENSIONERS OF STATE BANK OF INDIA. IT IS REALLY HEARTENING THAT YOUR FIGHT ON PENSION ISSUE, WHICH YOU HAVE BEEN FIGHTING VIRTUALLY SINGLE HANDEDLY, IS YIELDING GOOD RESULTS AND YOUR ARTICLE “SBI Pension Case – a perennial deferment” ATTRACTED MORE THAN 900 COMMENTS. YOU HAVE ALSO VERY CORRECTLY SUMMED UP THE REASONS FOR LACK OF INTEREST AND REQUIRED ZEAL ON THE PART OF ALL CONCERNED, INCLUDING PENSIONERS THEMSELVES. BUT I STILL FEEL THAT THE MAIN CULPRITS, FOR NOT CLINCHING THE PENSION ISSUE TILL DATE, ARE (I) UNIONS/FEDERATION WITH SERVING EMPLOYEES AND (II) PENSIONERS’ ASSOCIATION/FEDERATION, AS THEY BOTH HAVE MISERABLY FAILED TO PURSUE THE ISSUE EFFECTIVELY AND BUILD UP THE REQUIRED PRESSURE FOR THE PURPOSE AT APPROPRIATE LEVELS AND THUS FAILED TO DELIVER THE DESIRED RESULTS. SIR, I AM SURE THAT YOUR COMMITMENT TO THE CAUSE WILL DEFINITELY YIELD THE DESIRED RESULTS AND FRUITS IN THE CASE. I SALUTE YOU SIR.

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    1. WELL SAID, VIJAI. PENSION IS A BURNING ISSUE, WHY CAN’T WE FIGHT FOR IT FOR THE SAKE OF THE PEOPLE CONCERNED. LET US DO IT WITH ALL STRENGTH AT OUR COMMAND. THERE’S A MINOR CORRECTION. YOU HAVE MENTIONED IN YOUR COMMENT THAT IT WAS MY POST ‘SBI Pension case -a perennial deferment’ WHICH ATTRACTED MORE THAN 900 COMMENTS, IN FACT, AS ALREADY STATED BY ME IN THE RELATIVE POST, THE ARTICLE WAS ‘A cursory look on Pension in State Bank of India’ WHICH WAS READ BY AROUND 32000 VISITORS WITH AROUND 900 COMMENTS. YOU CAN SEE THE ARTICLE ITSELF THROUGH SEARCH IN MY BLOG ‘Uppermost.me. MY GOOD WISHES AND BLESSINGS.

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      1. I AM SORRY SIR, YOU ARE RIGHT. IT WAS YOUR ARTICLE “A cursory look on Pension in State Bank of India”, which was read by more than 32000 visitors with around 900 comments. SIR, I AM WITH YOU IN YOUR FIGHT ON PENSION ISSUE, WHICH YOU HAVE TAKEN AS MISSION, AND AM READY FOR ANY SACRIFICE ON YOUR DIRECTION.

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  4. Sir the exact diagnosis has been done by you no one other than you can give a better treatment of this ailment. I understand in the days to come a new history is going to be created by you and the prolonging case shall be decided positively.

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  5. DEAR SHRI NEELKANTH JI,I APPRECIATE YOUR CONCRETE EFFORTS FOR FIGTHING NOBLE CAUSE LIKE PENSION OF SENIOR AND SUPER SENIOR PENSIONERS OF SBI.AS YOU ARE AWARE THAT 5TH BIPARTITE RETIREES GOT RS50000/ AS GRATUITY THEN GRATUITY RAISED TO RS ONE LAC AFTER RS 350000/(RS THREE LACS FIFTY THOUSAND) AND NOW RS 1000000/(TEN LACS) 5TH BIPARTITERETIREES ARE GETTING MAXIMUM PENSION AS RS 2400/PER MONTH 6TH AND 7TH BIPARTITE RETIREES ARE GETTING MAXIMUM PENSION AS RS 5920/ PER MONTH THIS IS BASIC PENSION OF FORMER CHAIRMEN THEY ARE ALL ARE NOW ABOVE 70 TO 85 YEARS OLD .5TH BIPARTITE RETIREES GOT ONLY RS 8 LAC ON RETIREMENT THIS INCLUDE PROVIDENT FUND,GRATUITY AND LEAVE ENCASHMENT SIMILARLY 6TH AND 7TH BIPARTITE RETIREES GOT ONLY 16 LACS ON RETIREMET NOT WITH HEFTY SUPERANNUATION BENEFITS.K.R SAINI

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  6. The attitude of the the concerned parties mainly the Govt. of India in the case of SBI Pensioners is dilatory and unjustified. Most of the Pensioners are pretty old and the delay in the matter of deciding the issue by the Apex court is a matter of concern. I wish SC takes up the case on priority and decide.

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  7. Sir
    While discusing d matter of updation of pension in State Bank of India,nobody is remembering a condemned class of pensioners called d 7th bypartees ,for those d pension has been fixed and paying on their prerevised salary ie based on d 6th bypartee’s pay scales.IS IT NOT A DISCREMATION ?WHETHER SBI PENSIONERS ASSOCIATION,s FEDERATION LEADERS HAVE EVER TAKENUP D CASE OF THIS CONDEMNEDMNED SECTION OF PENSIONERS TO D SBI MANAGEMENT ?
    They always used to refer d then finance minister Mr.Chidambharam that he is adamant in not revising their pension accordingly.
    Now we have a new government and minister.Are our leaders ashamed to speak with them and represent our case ?
    Hope that they will do something for their members

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  8. a
    As of now we exchange our views and nothing tangible happen. I have come across a letter written to PRAGATI by Ramachandra Upadhyaya explaining how his earlier letters had been FORWARDED but not FOLLOWED UP WITH SERIOUSNESS BY PMS CELL. May be we consider some other direct action byh dharna at least at State Capitals with press and media coverage. I am sbi 7th bipartite retiree living in thiruvekadu chennai and my pf no is 0468509

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