Pension issue in SBI may get accelerated: (Part 2)


…….Continued

I suggest that this write-up be read in the context of the earlier post with the same title marked as Part 1, this one being Part 2.

The text of the letter by G.Ramchandran, a retired Senior Manager in Canara Bank, was reproduced in Part 1 for the information of the readers. The contents of the other memorandum addressed to the Members of Parliament are reproduced in this post. The contents, the very tone and tenor of them, are quite self explicit, and it is for the readers to make best use of them spreading the message in a massive measure enabling the momentum to get further geared-up. The text of the letter so referred reads like this:

“Dear Sir,

I am enclosing a letter addressed to the Finance Secretary. The same is self- explanatory.

It can be observed that the pre-2002 retirees of the banks are put into loss by applying a tapered DA formula, which was challenged in the court. The High Court has given a favourable verdict and the practise of the Banks so far was going to appeal in the higher court, whenever they get an unfavourable decision. While the Supreme Court has several times insisted that filing appeal on flimsy grounds should be dispensed with and the National Litigation Policy clearly stipulates that there should not any appeal only for the sake of appeal, the banks/IBA/Govt do not care for them, with a view to delay the implementation. The prolonging of the litigation will result in delay and unnecessary and avoidable expenditure for both the parties. While the Banks can incur the expenses freely, at the cost of public funds, engaging legal luminaries, the poor pensioners are forced to spend from their packets. This is a fit case where the retirees are not going to lose, but how many of them will survive to see the light, is a question to be answered, as most of them are on the wrong side of sixty years.

I request you to kindly look into all the aspects of the case and use your office to get the grievances of the retirees, redressed. This is a gross anomaly in which the retirees are robbed of their rights, by not compensating them fully for the price rise and creating two types of pensioners, one set having full neutralisation and the other paid less. And the parity has been restored in RBI, form 2005, which we are also demanding.

You have been a champion for the right causes and I am sure you will not let us down. Our hopes lies with you and we look forward your assistance in this regard. As senior citizens, we are tired of knocking the doors of the Courts for every issue and in this particular case, there is no justification on the part of the Banks/IBA/Govt. to challenge the order of the Madras High Court, which deals every aspect of the case in detail.

I fervently hope that you will do the needful for the benefits of thousands of the pre-2002 retirees, who will be indebted to you for your immediate positive action.

Thanking you,

Yours faithfully

G.Ramachandran Encl: as above.

Flat A3 Kailas Avenue

Sreekanteswaram

Thiruvananthapuram 695 023

18—- 01—–2013.”

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14 thoughts on “Pension issue in SBI may get accelerated: (Part 2)”

  1. SIR, A VERY WELL WORDED LETTER ADDRESSED TO MEMBERS OF PARLIAMENT BY SHRI G.RAMACHANDRAN. I WOULD REQUEST YOU TO PLEASE APPEAL TO ALL AFFECTED PENSIONERS, THROUGH YOUR BLOG, TO ADDRESS A SIMILAR LETTER OR ON SIMILAR LINES, INDIVIDUALLY TO FINANCE SECRETARY AND MEMBERS OF PARLIAMENT, WITH A VIEW TO BUILDING PRESSURE ON THE GOVERNMENT FOR EARLY SETTLEMENT OF THE PENSION ISSUE WHICH IS PENDING SINCE LAST MORE THAN 10 YEARS.

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  2. Sir. It is the duty of everyone related to banking industry to participate in this movement as a gesture of honor for those who have toiled to make this industry beautiful and we are working here in a dignified way. We assure our full dedication sir.

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  3. DEAR SHRI NEELKANTH JI, A MATTER OF JUSTICE——–THERE IS SOMETHING WRONG WITH THE EXISTING POLICY ON BANK PENSION.THE FEDERATION OF SBI PENSIONERS HAS BEEN RUNNING FROM PILLAR TO POST FOR 25 YEARS FOR JUSTICE.ONE OF THE AGE-OLD TRADITIONS WHICH INDIA HAS BEEN KNOWN THE WORLD OVER IS RELATED TO THE VALUE WE ATTACH TO THE AGED AND OLD,WHO HAVE GIVEN NEW GENERATIONS SO MUCH TO BUILD ON AND ENJOY IN LIFE.THE CONCEPT OF PENSION FOR EMPLOYEES AFTER THEIR RETIREMENT FROM ACTIVE SERVICE CAN BE VIEWED AS A DERIVATIVE OF THIS TRADITION, BUT IN THE PROCESS THE SITUATION TODAY IS SO IRONICAL THAT ONE FORMER CHAIRMAN OF THE STATE BANK,WHO RETIRED IN 1997,IS TODAY GETTING PENSION LESS THAN A RECENTLY RETIRED CLERK OF THE SAME ORGANIZATION(SBI).BUT DID WE HAVE SO FAR ANY NEWS ITEM ON PENSIONERS’ CASE IN ANY OF OUR PRESS AND TV CHANNELS:TRY AGAIN AND AGAIN TIL WE SUCCEED BY ADOPTING ALL METHODS/APPEALS. K.R SAINI

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    1. You are every inch correct, Saini. There can’t be two opinions on what you have forcefully narrated. What else can be done? I think mobilisation and creating best possible awareness amongst the concerned people are the key notes aimed at the ultimate success. Let us keep ourselves harnessed to that task in a best possible measure. It may bring results some day, as I believe.

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  4. A three-judge panel of the appeals court gave retirees a victory two years ago, with a unanimous ruling that the government had breached its promise of lifetime medical care to retirees. But the government appealed, the ruling was vacated and the appeals court agreed to rehear the case before all 12 judges.

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  5. DEAR SHRI NEELKANTH JI,I FULLY AGREE WITH YOUR VALUABLE VIEWS,YOU ARE MOBALISING AND CREATING BEST POSSIBLE AWARENESS AMONGEST THE PENSIONERS OF SBI BY ORGINATING THIS BLOG FOR THE LAST 6 YEARS.KEEP IT UP,WELL DONE.K.R SAINI

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    1. *My sincere thanks for the good words expressed in your comment. Most grotesque an issue like pension warrants intensive mobilisation and awareness amongst the quarters concerned and there the veterans like will have to exert their further best to ensure necessary outcome. Let us jointly feel committed to such a mission as it may serve the cause of the people really in need of some relief. *

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  6. we can expect something positive from Hon Supreme Court as in a similar case by pensioners against tamilnadu govt court has decided in favour of pensioners

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