Pension issues in SBI–a collapsing patience:



Image result for a poor pensioner in sbiThere is limit to every thing and so is in the case of pension issues in State Bank of India, the topmost Bank in the country, where the retiree pensioners are hankering for justice to them in the  matter of increase in pension with requisite fitments. Besides the Bank and the Government of India turning a deaf ear to most logical demands, even the Law Courts of the land are callously falling in line with them with no heart for the sufferings of the pensioners. There are some Laws, some rules and some regulations every now and then promulgated by the Government but they prove negative to the extent of being adverse to the interest of the retiree pensioners instead of the much needed relief to them. K R Saini quite dexterously explained STATE BANK OF INDIA EMPLOYEES’ PENSION FUND REGULATIONS–2014 in reply to PMGK Panicker’s feeler on the same topic. The big problem is that the pensioners themselves are turning a blind eye to what is much more in their interest –they are anxious to get the result without striving even a little in that direction. They must at least get abreast with what is explained to them in this blog with experts like K R Saini to their advantage and interest. Certain exceptions apart, bulk of the pensioners are extremely an aggrieved a lot whose patience on the negation of their genuine rights is over brimming and the day is not far off when they are left with no alternative but to go for self immolation like farmers in Maharashtra are resorting to every now and then. Bank, Government of India and the Courts could be indifferent to pensioners interest but if pensioners themself are not receptive to messages given to them through this blog by way of write-ups and comments, it may hardly elicit any results. Necessary write-up by way of a comment as from K R Saini in reply to PMGK Panicker is reproduced below warranting the requisite initiative of the readers, retiree pensioners in particular.

KESHAV RAI SAINIt
Feb 14, 2015 @ 19:07:25 Edit

DEAR SHRI PMGKPANICKER,I ADVISED THAT THESE REGULATIONS MAY BE CALLED”STATE BANK OF INDIA EMPLOYEES’ PENSION FUND REGULATIONS–2014” AND NOT”PENSION REGULATION ACT-2014” AS STATED BY YOU IN YOUR WRITE UP DATED THE 13TH FEBUARY,2015 IN THIS BLOG. THESE REGULATIONS ARE NOW ALSO AVAILABLE ON THE BANK’S PENSION PORTAL FOR S.B.I PENSIONERS UNDER THE HEADING RULES AND REGULATIONS. WE ARE THANKFUL TO YOU FOR WRITING THESE REGULATIONS IN THIS BLOG FOR THE INFORMATION OF S.B.IPENSIONERS.
IN THIS CONNECTION I MAY ADD THAT KINDLY GO THROUGH MY WRITE UP DATED THE 7TH FEBRUARY,2015 IN THIS BLOG ON THE SAME REGULATIONS WHEREIN I REQUESTED TO ALL THE SBI PENSIONERS TO SUBMIT THEIR OWN COMMENTS/FEEDBACK ON THESE REGULATIONS,BUT AFTER ONE WEEK YOU ARE THE FIRST AGGRIEVED PENSIONER WHO EXPLAINED THESE REGULATIONS.IT APPEARS THAT OLD PENSIONERS HAVE LOST THEIR HOPE AND PATIENCE IN IMPROVEMENT OF PENSION DUE TO THE FACT THAT NECESSARY RELIEF COULD NOT SO FAR BE SECURED EVEN THROUGH LEGAL ACTION AND AFTER THE SUPREME COURT DIRECTED THE TRANSFER OF OUR W.P TO DELHI HIGH COURT,THERE IS DELAY IN HEARING OF W.P WITH THE JUDGES NOT ADHERING TO THE TIME SCHEDULE.MEANWHILE OLD PENSIONERS ARE SUFFERING FOR THE LAST 17 YEARS TO 27 YEARS.

K.R.SAINI

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17 thoughts on “Pension issues in SBI–a collapsing patience:

  1. Respected Sir
    We the pensioners of not only before 2002 but all pensioners of State Bank of India are very hopeful of your struggle to erase the anomaly in the pension. We salute to you and Mr. K.R.Saini to strive peremptorily to achieve the goal. Both of you are effulgent guide of the pensioners. We all prosper and inspire to read your heigh and laudable article.

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  2. BEFORE I AM GOING TO SUBMIT MY COMMENTS ON THE ABOVE NOTED POST,MY COMPLIMENTS TO SHRI NEELKANTH JI WHO IS STRUGGLING FOR REMOVING THE ANOMALIES IN PENSION OF S.B.I PENSIONERS WHO(S.B.I PENSIONERS) ARE HANKERING FOR JUSTICE IN THE MATTER OF INCREASE IN PENSION WITH REQUISITE FITMENTS.AS YOU ARE AWARE THAT OUR PENSION IS REGULATED BY SOME LAWS,SOME RULES AND SOME REGULATIONS AND THESE RULES AND REGULATIONS ARE PROMULGATED BY THE GOVERNMENT RECENTLY IN THE YEAR 2014 I.E ”STATE BANK OF INDIA EMPLOYEES PENSION FUND REGULATIONS–2014” AND I AM TRYING TO EXPLAIN/VIEWS BY SUBMITTING MY COMMENTS ON THESE REGULATIONS ACCORDING TO MY UNDERSTANDING..FOR THIS REASONS I AM REQUISTING FEEDBACK FROM THE S.B.I PENSIONERS BECAUSE I AM NOT A LEGAL EXPERT IN LAW MATTERS..NOW SHRI NEELKANTH HAS ALSO REQUISTED SOME COMMENTS FROM THE PENSIONERS.
    IN THIS CONNECTION I MAY ADD THAT ALL THE OLD PENSIONERS INTHE RANGE OF ABOVE 70 YEARS TO 87 YEARS OLD ARE SUFFERING DUE TO HIGH INFLATION AND HEALTH PROBLEMS DUE TO ADVANCED AGE AND THEY ARE DRAWING MEAGRE PENSION OF LESS THAN RS20000/PER MONTH .AS SICH KINDLY SUBMIT YOUR OWN COMMENTS ON THESE REGILATIONS—–2014.
    K.R.SAINI

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  3. I AM GOING TO SUBMIT MY COMMENTS ON THESE REGULATIONS AFTER GOING THROUGH THE STATE BANK OF INDIA ACT–1955 AND STATE BANK OF INDIA EMPLOYEES PENSION FUND RULES –1955 AND GOING THROUGH THE STATE BANK OF INDIA EMPLOYEES PENSION FUND REGULATIONS–2014 THESE REGULATIONS -2014 WAS NOTIFIED ON THE 18TH SEPTEMBER 2014 IN THE OFFICIAL GAZETTE OF GOVERNMENT OF INDIA AFTER TAKING ADVICE FROM LAW MINISTRY BYTHE GOVERNMENT..BANK HAS SUBMITTED THESE REGULATIONS TO GOVERNMENT ON THE 15TH SEPTEMBER,2014 AND GOVERNMENT HAS PUBLISHED THESE REGULATIONS SO PROMPTLY ON THE 18TH SEPTEMBER 2014 INTHE GAZETTE AND .BANK HAD NOT ISSUED ANY CIRCULAR OR INFORM THE EMPLOYEES/PENSIONERS.HOWEVER NOW BANK HAS DISPLAYED THESE RULE AND REGULATIONS ON 2.02.2015 ON PENSION PORTAL
    IN THIS CONNECTION ,I MAY ADD OUR PENSIONERS FEDERATION TAKE A NOTE OF THIS ON THE 22ND JANUARY,2015 WHEN BANK HAND OVER A COPY OF THESE REGULATIONS TO PENSIONERS FEDERATION.AND OUR PENSIONERS FEDERATION TOOK UP THIS ASPECT OF THESE RULES IN OUR COURT CASE PENDING IN DELHI HIGH COURT ,NEXT DATE OF HEARING IS 6TH APRIL,2015. AND OUR PENSIONERS FEDERATION FILE A FRESH AFFIDAVIT TO CHALENGE REGULATION 23(2) OF STATE BANK OF INDIA EMPLOYEES PENSION FUND REGULATIONS-2014.
    K.R.SAINI

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  4. THE PREMBLE OF ”STATE BANK OF INDIA EMPLOYEES PENSION FUND REGULATIONS–2014” IS VERY IMPORTANT .SOME SECTIONS OF STATE BANK OF INDIA ACT–1955 ARE MENTIONED IN THIS PREAMBLE AND I AM MENTIONING THE IMPORTANT SECTIONS OF STATE BANK OF INDIA ACT-1955 WHICH ARE VERY RELEVANT TO ALL THE PENSIONERS

    SECTION 49(1).
    POWER OF CENTRAL GOVERNMENT TO MAKE RULES,——THE CENTRALGOVERNMENT IN CONSULTATION WITH RESERVE BANKOF INDIA,MAY BY NOTIFICATION IN THE OFFICIAL GAZETTE MAKE RULES TO PROVIDE FORVALL MATTERS FOR WHICH PROVISION IS NECESSARY OR EXPEDIENT FOR THE PURPOSE OFGIVING EFFECT TO THE PROVISIONS OF THIS ACT.
    SECTION 49(3)
    EVERY RULE MADE BYCENTRALGOVERNMENT UNDER STATE BANK OF INDIA ACT SHALL BE LAID,AS SOON AS MAY BE AFTER IT IS MADE,BEFORE EACH HOUSE OF PARLIAMENT,WHILE IT IS IN SESSION FOR A PERIOD OF 30DAYS WHICH MAY BE COMPRISED IN ONE SESSION OR TWO OR MORE SUCCESSIVE SESSIONS.
    K.R.SAINI

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  5. SECTION 50 OF THE STATE BANK OF INDIA ACT—1955 SECTION 50————POWER OF CENTRAL BOARD TO MAKE REGULATIONS———THE CENTRAL BOARD MAYAFTER CONSULTATION WITH RESERVE BANK OF INDIA WITH PRIOR APPROVAL OF THE CENTRAL GOVERNMENT (BY NOTIFICATION IN THE OFFICIAL GAZETTE)MAKE REGULATIONS. SECTION 50(2)(O) THE ESTABLISHMENT AND MAINTENENCE OF SUPPERANNUATION,PENSION,PROVIDENT OR OTHER FUNDES FOR BENEFIT OF ENPLOYEES OF STATE BANK OF INDIA.SECTION 50(4) EVERYREGULATION SHALL AS SOON MAY BE AFTER ITIS MADE UNDER THIS ACT BYTHE CENTRAL BOARD TO BE FORWARDED TO GOVERNMENT AND THE CENTRAL GOVERNMENT SHALL BE LAID THE COPIES BEFORE EACH HOUSE OF THE PARLIAMENT,WHILE ITIS INSESSION,FOR A TOTAL PERIOD OF30DAYS WHICH MAY BE COMPRISED IN ONE SESSION OR INTWO OR MORE SUCCESSIVE SESSIONS.
    K.R.SAINI

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  6. KINDLY SEETHE PREAMBLE OF S.BI EMPLOYEES ‘PENSION FUND REGULATIONS–2014—-”NO CDO/PM16/SPL/1136 DATED 15TTH SEPTEMBER 2014-IN EXCERCISE OF THE POWERS CONFERRED BY SUB SECTION (1) READ WITH CLAUSE(O) OF SUB-SECTION 50 OF VTHE STATE BANK OF VINDIA ACT,1955(23 OF 1955) AND IN SUPRESSION OF THE STATE BANK OF INDIA PENSION FUND RULES VIDE FILE NO F.8/45/65-SB,DATED THE 18TH MAY,1965,EXCEPT AS RESPECTS THINGS DONE OR OMITTED TO BE DOBE BEFORE SUCH SUPERSESSION,THEVCENTRAL BOARD OF THE STATE BANK OF INDIA,AFTER CONSULTATION WITH THE RESERVE BANK OF INDIA AND WITH THE PREVIOUS SANCTION OF THE CENTRAL GOVERNMENT,HEREBY MAKE THE FOLLOWING REGULATIONS NAMELY–STATE BANK OF INDIA EMPLOYEES’ PENSIONBFUND REGULATIONS-2014” AND REGULATION NO 2 SAYS”SAVE AS OTHERWISE PROVIDED,THESE REGULATIONS SHALL COME INTO BFORCE FROM THE DATE OF THEIR PUBLICATION IN THE OFFICIAL GAZETTE.”
    IN THIS CONNECTION I HAVE ALREADY EXPLAIN THESE SECTINS MENTIONED IN BTHE PREAMBLE IN MY PREVIOUS FOUR WRITE UPS DATED 11.03.2015 AND I HAVE WRITTEN THIS COMMENT TO UNDERSTAND THESE REGULATIONS -2014 PROPERLY.NO CDO/PM/16/SPL/1136 IS THE CENTRAL OFFICE LETTER AND RELATIVE FILE NO OF M.O.F FILE(GOVERNMENT)
    K.R.SAINI

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  7. FROM THE COMMENTS SUBMITTED BY ME SO FAR IN THIS POST YOU WILL FIND THAT ALL COMMENTS ARE BASED ON STATE BANK OF INDIA ACT ,1955 AND EACH RULES OR REGULATION RELATING TO PENSION TO THE EMPLOYEES OF STATE BANK OF INDIA NOTIFIED IN THE OFFICIAL GAZETTE OF INDIA AND NOTIFIED COPY OF THE GAZETTE ARE TO BE LAID IN THE BOTH HOUSES OF PARLIAMENT FOR A PERIOD OF 30 DAYS AND THEN IT IS IMPLEMENTD IN STATE BANK OF INDIA.THIS IS FIRST TIME THAT BANK DISPLAYED THE NOTIFIED COPY ON THE PENSION PORTAL ON 2.02.2015 AND I WROTE ON THESE REGULATIONS ON THE 7TH FEBRUARY2015 IN THE BLOG ”A CURSORY LOOK ON PENSION ISSUES-IN S.B.I.”
    PENSION IS PAID IN ACCORDANCE WITH THE REGULATIONS DULY NOTIFIED BY THE GOVERNMENT OF INDIA AND AS FAR AS RETIRED EMPLOYEES AND OFFICERS ARE CONCERNED,NOT EVEN EXTRA RE ONE CAN BE PAID AS PENSION TO ANY ONE UNLESS PENSION REGULATIONS ARE AMENDED BY THE GOVERNMENT.
    K.R.SAINI

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  8. STATE BANK OF INDIA EMPLOYEES PENSION FUND REGULATIONS–2014 CONSIST OF 27 REGULATIONS AND NOW I AM DISCUSSING THE IMPORTANT REGULATIONS WHICH ARE VERY RELEVANT FOR IMPROVEMENT OF S.B.I PENSIONERS.
    THERE IS COMMON RULE 23 WHICH IS IN THE STATE BANK OF INDIA EMPLOYEES PENSION BFUND RULES–1955 IS ALSO REGULATION 23 EXIST IN STATE BANK OF INDIA EMPLOYEES PENSION FUND REGULATIONS–2014.THIS RULE/REGULATION SAYS THAT PENSION HAS TO BE COMPUTED ONLY ON THE LAST 12 MONTHS PENSIONABLE SERVICE.
    COMPUTATION OF PENSION RULE 23(1) SUBJECT TO THE PROVISIONS OF SUB-REGULATIONS(2) THE PENSION PAYABLE UNDER REGULATION 22 SHALL BE AMOUNT CALCULATED AT THE RATE OF ONE-SIXTIEST PART OF EVERY YEARR’S PENSIONABLE VSERVICE OF THE AVERAGE MONTHLY SUBSTANTIVE SALARY DRWN DURING THEVLAST TWELVE MONTHS’PENSIONABLE SERVICE.AND REGULATION 23(2) STIPULATING THE MONETRY CEILINGS ON 50%/40% FORMULA.
    THE PROVISIONS OF RULES 22,23(1) AND 23(2) ARE RETAINED UNDER REGULATIONS AS WELL AS UNDER RULES.
    IN THIS CONNECTION OUR PENSIONERS FEDERATION WANTS FOR QUASHING THE PROVISION TO REGULATION23(2).
    K.R.SAINI

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  9. STATE BANK OF INDIA EMPLOYEES PENSION FUND REGULATIONS–2014 IS APPLICABLE TO ALL THE EMPLOYEES OF STATE BANK OF INDIA WITH EFFECT FROM 18.09.2014 EXCEPT THOSE EMPLOYEES WHOJOINS BANK SERVICE ON 1.08.2010 OR AFTERWARDS.ACCORDING TO MY VIEWS THAT THESE REGULATIONS ARE ONLY CONSOLIDATION OF S.B.I EMPLOYEES PENSION FUND RULES -1955 UP TO 2014 EXCEPT SOME ADDITIONS/DELETIONS OF RULES.
    K.R.SAINI

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  10. WHY A COLLAPSING PATIENCE
    IT IS VERY VERT SAD AND PITY THAT THERE HAS BEEN UNEXPECTED AND UNDUE DELAY IN THE DELIVERY OF JUSTICE TO THE SENIORS ,MANY OF WHOM ARE LEAVING THIS WOLD ONE BY ONE DESPERATELY HOPING FOR
    ” ACHHE DIN”
    WE HENCE NO ALTERNATIVE THAN TO HAVE PATIENCE,WAIT AND WAIT,HOPE AND HOPE,PRAY AND PRAY FOR AGONY TO END SOON.ALL EYES WE NOW ON THE COURT CASES OR HOPING FOR A POSITIVE OUTCOME IN THE 10TH BIPARTITE SETTLEMENT.
    K.R.SAINI

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  11. PATIENCE
    SHRI NEELKANTH JI,AS YOU ARE AWARE THAT ”FRUIT OF PATIENCE IS ALWAYS SWEET”.IMPATIENT PENSIONERS WANT TO SOLVE EVERY THING RIGHT AWAY AND ARE NOT VERY INTERESTED IN DETAILS.CONSEQUINTLY,THEY MISS DETAILS THAT MAY BE QUITE IMPORTANT AND SO MAKING WRONG THINKING.
    IN THIS CONNECTION,HOWEVER,MOST OF THE PENSIONERS ARE ANXIOUS TO GET THE RESULT WITHOUT KNOWING THE RULES AND REGULATIONS OF PENSION SCHEME IN S.B.I.THESE RULES AND REGULATIONS ARE A PART OF OUR SERVICE CONDITION.I HAVE ALREADY EXPLAIN TO THE ALL THE..PENSIONERS ”RULES AND REGULATIONS–2014.” IN THIS BLOG FOR THEIR ADVANTAGE AND INTREST.BUT VERY FEW PENSIONERS RESPONDED TO THE TWO POSTS ON THESE RULES AND REGULATIONS–2014 DESPITE MY AND SHRI NEELKANTH JI CALLS.I WISH THE PENSIONERS RECEIVE IT IN PROPER SPRIT AND I INVITE SUGGESTIONS FROM PENSIONERS ON HOW PENSION ISSUES CAN BE SOLVED IN S.B.I.
    K.R.SAINI

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