This follow-up post has to be read in conjunction with its predecessor one as per the relative link given below:
After the above post was released on 5/6/14 this was suitably followed up. KR Saini, a veteran on pension issues in State Bank of India was good enough to provide certain self contained points in support of the submission so made to the Prime Minister Narendra Modi. These points in turn were forwarded by C.M. Kapur, a great enthusiast to champion the pensioners cause, to the local cell exclusively set up to monitor the grievances addressed to the Prime Minister at the level and behest of the BJP. The points so enumerated by KR Saini by way of his comments and since forwarded by C.M. Kapur (Chandra Kap00r) to the Local Cell are reproduced below:
DENIAL OF LEGITIMATE PENSION TO THE PENSIONERS OF STATE BANK OF INDIA RETIRED AFTER 31.10/1987.
17:05 (22 hours ago) to pmoffice, me
“We seek your kind help and intervention for securing the rightful pension benefits to the pensioners of State Bank of India,retired after 31.10.1987 and place here under,the details of our pension issues for your kind and just consideration.
(1) We wish to submit the pension scheme of State Bank of India provides for payment of pension to its employees at 50% of the monthly average salary for ba minimum pensionable service of 30 years,in terms of S..B..I Employees Pension Fund Rule 23(1).due to the directions issued by Government in 2000,basic pension was introduced on the basis of 50%/40% formula with effect from 1.03.1999..As a result of this formula,,at present,about 80% of the pensioners retired in the cadres of workmen and officers in Scale 1 are paid their pension subject to 50% of their salary .The pensioners in Scale 2 and above are paid their pension at 40% of their pay. We only seek payment of pension to all pensioners at 50% of salary prevailing at the time of retirement to all eligible pensioners with a minimum pensionable service of 30 years.
(2) Further all those retired drawing revised salary as per the 7th Bipartite Pay Scales are not being paid their rightful pension computed on their actual salary as on the date of their retirement but still are being paid considerably reduced pension computed (about 28% of the last drawn pay) on the basis of the pre revised Sixth Bipartite Pay Scales.We want payment of legitimate pension entitled on the basis of actual salary paid to the pensioners as per salary scales prevailing at the time of retirement.
(3) At present family pension is being paid to family pensioners on the basis of 15% of the last drawn pay of the pensioners,we want family pension @ 30% of the last pay drawn of the pensioners as in the case of R.B .I employees..
(4) We want 100% DA neutralization to pre 1.11.2002 retirees with effect from 1.05.2005 as in the case of R.B.I employees.”