Pension issues in State Bank of India–Submission to Prime Minister:(2)


This follow-up post has to be read in conjunction with its predecessor one as per the relative link given below:

Link: https://uppermost.me/2014/06/05/pension-issues-in-state-bank-of-indiasubmission-to-prime-minister/
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.
chandra kapoor

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.”

Advertisements

3 thoughts on “Pension issues in State Bank of India–Submission to Prime Minister:(2)”

  1. REGARDING BIPARTITE TALKS ON 13.06.2014.
    I am to inform you that in the bipartite talk of 13.06.2014,the retirees issues were discussed and I.B.A informed as under—–
    (1)I.B.A IS FAVOURABLY INCLINED TO CONSIDER 100% D.A NEUTRALIZATION TO ALL THE PENSIONERS INCLUDING PRE 2002 RETIREES AND HAVE WRITTEN TO THE GOVERNMENT FOR APPROVAL.APPROVAL IS AWAITED.
    (2) AS REGARDS IMPROVEMENT IN FAMILY PENSION,I.B.A IS FAVOURABLY INCLINED TO CONSIDER AND WILL RECOMMEND TO THE GOVERNMENT FOR APPROVAL AFTER STUDYING COST IMPLICATIONS.
    (3)AS REGARDS UPDATION EXERCISE FOR THE PAST RETIREES,I.B.A IS APPREHENSIVE ABOUT IT IN VIEW OF HUGE COST INVOLVED IN IT.
    K.R SAINI

    Like

  2. IN NUT SHELL 100% D.A NEUTRALIZATION AND IMPROVEMENT IN FAMILY PENSION ARE FINDING FAVOUR FROM I.B.A POINT OF VIEW,HOWEVER EXPRESSED THEIR RESERVATION ON UPDATION OF PENSION DUE TO SUBSTANTIAL COST INVOLVED. K.R SAINI

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s