Pensioners issues–what now with new government in the saddle?



Now that the new government led by Narendra Modi as the Prime Minister of the country is fully in the saddle, there is every expectation that the pensioners all over the country, more so in State Bank of India, shall be duly heard with their grievances properly redressed. Pension is the portfolio which is now supposedly held by the new Prime Minister himself and all the pensioners are looking to him with a fond hope of peremptory decisions in the matter. It’s no secret that the earlier Finance Minister P. Chidambaram was highly prejudiced against State Bank of India and its pensioners too. Now there is the desired change and Arun Jaitly has replaced him. Being pragmatic and quite judicious a person he can be well expected to do justice to the pensioners. This is a stage when pensioners themselves and the organisations connected with them are to launch a massive campaign directed to securing necessary justice. The factor that Pension fund of State Bank itself is rich enough to meet the demands coupled with its recent signs of financial improvements adequately permitting  enhancement of pension benefits is the one that counts most. Moreover, remedy to improve pension also lies in removal of grave anomalies pending decision for much longer a time. It’s high time for retiree pensioners and their associations/federation to assertively exert at their best to secure what is most legitimately long overdue to them.

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10 thoughts on “Pensioners issues–what now with new government in the saddle?”

  1. IT IS ALWAYS BETTER TO HOPE FOR THE BEST.BECAUSE OUR NEW PRIME MINISTERE SHRI MODI PROMISE ”THIS GOVERNMENT(WILL BE)ONE WHICH THINKS FOR POOR,WHICH LISTENS TO THE POOR,THE GOVERNMENT WHICH LIVES FOR THE POOR.” MADE IN IN THE OCCASION OF HIS ELECTION AS PRIME MINISTER THRILLED THE COUNTRY WITH HIGH HOPES.THE COUNTRY IS LOOKING FORWARD FOR CHANGE AND BETTER DAYS AHEAD UNDER HIS LEADERSHIP.HIS POPULAR,MOTIVATING AND IMPRESSIVE SOGAN” ACCHE DIN ANNE WALE HAI” HIS INFUSED NEW ENTHUSIASM AND INSPIRATION AMONG COMMON MAN OF THE COUNTRY. K.R SAINI

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  2. Respected Sir,
    If it is the slogan of Sri Narendra Modi’ Government that अच्‍छे दिन आने वाले हैं then it will also cover the pensioners of state bank of India.

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  3. OUR PENSION ISSUES REMAIN UNRESOLVED DUE TO THE ADAMANT STAND BEING ADOPTED BY THE OUTGOING GOVERNMENT. THE PRESENT PERCEPTION OF THE OFFICIALS OF THE FINANCE MINISTRY NEEDS TO BE CHANGED WITH THE CHANGE OF THE GOVERNMENT.THE PERCEPTION ENTERTAINED BY THE OFFICIALS DEALING WITH OUR PENSION ISSUES OVER THE YEARS IS UNFORTUNATELY PASSED ON TO THEIR SUCCESSORS.. WE ARE NOT SURE WHETHER OUR BANK HAS MADE ADEQUATE AND PERSISTENT EFFORTS WITH SUITABLE EXPLANATION FOR CHANGING THIS PREJUDICED PERCEPTION.OUR PENSIONERS FEDERATION HAS BEEN MAKING ITS APPEAL TO THE GOVERNMENT FOR RECONSIDERING AND REVIEWING ITS ADAMANT STAND..IN OUR CASE, THE DECISIONS BEING MADE ON OUR PENSION ISSUES BY THE GOVERNMENT MACHINERY HAVE CAUSED VIOLATION OF THE RIGHTS OF THE ENTIRE GROUP OF THE PENSIONERS AND THEIR SPOUSES NUMBERING MORE THAN ONE LAC 10 THOUSAND.A DUTY IS THEREFORE CAST ON THE OFFICIALS CONCERNED AT THE MINISTRY OF FIANCE OF THE GOVERNMENT AS ALSO THE OFFICIALS OF OUR BANK TO HAVE A FRESH AND UNBIASED LOOK INTO OUR PENSION ISSUES AND RESOLVE OUR PENSION ISSUES WITHOUT ANY LOSS OF TIME. K.R SAINI

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  4. THE FOLLOWING ARE SOME OF OUR MAJOR PENDING PENSION ISSUES (1)THE REVISION OF OUR PENSION ON 7TH BIPARTITE PAY SCALES.(2)PAYMENT OF PENSION OF 50% OF THE LAST DRAWN AVERAGE PAY AS PENSION.(3)D.A ON BASIC PENSION SHOULD BE 100% NEUTRALIZATION TO PRE 1,11,2002 RETIREES.(4)IMPROVEMENT OF PENSION OF FAMILY PENSIONERS FROM 15% TO 30 %OF THE LAST DRAWN PAY TO ALL FAMILY PENSIONERS.THE LAST TWO ISSUES I.E 3 AND 4 RELATES TO BANKING INDUSTRY INCLUDING S.B.I .IN THIS CONNECTION U.F.B.U HAS ALREADY TAKEN UP THESE ISSUES IN THE 10 TH BIPARTITE SETTLEMENT AND TALKS IS GOING ON WITH I.B.A AND WE HOPE THESE WILL BE RESOLVED IN DUE COURSE OF TIME AT THE SETTLEMENT OF 10TH BIPARTITE SETTLEMENT.FOR 7TH BIPARTITE RETIREES ISSUE ,KINDLY GO THROUGH MY WRITE UP DATED 21.05.2014 WHEREIN I HAVE ALREADY WRITTEN THE HISTORY OF 7TH BIPARTITE RETIREES. FOR PAYMENT OF 50% OF THE LAST DRAWN AVERAGE PAY AS PENSION .I WILL SUBMIT MY COMMENTS IN MY NEXT COMMENT TODAY. K.R.SAINI

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  5. 50% OF THE LAST DRAWN AVERAGE PAY OF LAST 12 MONTHS WITHOUT ANY CEILING.
    THIS ISSUE HAS BEEN FIRST RECOMMENDED BY OUR B IN TERMS OF LETTER NO CDO/PM/16/SPL/1187 DATED 30.10.2002.THE SALIENT POINTS ARE MENTIONED BELOW FOR YOUR KIND INFORMATION.
    THAT SUPREME COURT VIDE ITS JUDGEMENT I9N CASE NO 307 OF 1987 RULED AGAINST TWO CEILINGS ON PENSION FOR OFFICERS AND WORKMEN STAFF EVEN THOUGH BOTH OF THEM THE PENSION WAS PAYABLE AT 50% OF THE LAST PAY AT THAT POINT. OF TIME.
    THE PENSION SCHEME HAS BEEN ONE OF THE DISTINGUISHING FEATURES OF STATE BANK OF INDIA TO ATTRACT BEST AVAILABLE TALENT IN OFFICERS’ CADRE FROM THE MARKET,,AFTER CIVIL SERVICES.HOWEVER,DUE TO SUCCESSIVE DISTORTIONS ARISING IN OUR PENSION SCHEME AND AVAILABILITY OF BETTER RETIRAL BENEFITS AMONGST OUR COMPETITORS IN THE FINANCIAL MARKET,S.B.I HAS LOST THE CUTTING EDGE IN THIS RESPECT.`
    THE RESTORATION OF THE PARITY OF PENSION BETWEEN WORKMEN AND OFFICERS,WHICH PRINCIPLE WAS ACCEPTED BY THE GOVERNMENT OF INDIA IN 1987 WHILE APPROVING AMENDMENTS TO THE PENSION SCHEME WITH EFFECT FROM 1.1.1986,WILL ENABLE THE BANK TO SUCCESSFULLY CONTEST THE PLETHORA OF COURT CASES LYING IN VARIOUS HIGH COURT CASES LYING IN VARIOUS HIGH COURTS..
    THE OFFICERS’ COMMUNITY,BEING THE BACKBONE OF MAINSTREAM OF THE BANK’S OPERATIONS,BUSINESS DEVELOPMENT AND PROFITS,I AM OF THE VIEW THAT IT WOULD BE BUT FAIR TO EXTEND TO THEM THEIR LEGITIMATE ASPIRATIONS OF PARITY IN PENSION FORMULA VIS-A-VIS WORKMEN STAFF.K.R SAINI P.S ON THIS ISSUE OUR PENSIONERS FEDERATION FILED A COURT CASE IN SUPREME COURT NOW IT IS PENDING AT DELHI HIGH COURT AS W.P 1875/2013. NEXT DATE OF HEARING BIS 25.09.2014. K.R SAINI

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