Pension issues in SBI–a thresh on recent occurrences:



Image result for Indian pensionerOccurrences in a negative direction are never a new phenomenon for any organisation and so is the case with State Bank of India and Indian Banks Association both of whom have notoriety for twisting the provisions on service against the workforce in the Banking industry. K R Saini thrashes such an attitude through his comments on this blog. The 3 comments of his are reproduced below:
Jun 04, 2015 @ 06:28:54 Edit

IN 10TH BIPARTITE,RETIRED BANKERS HAVE BEEN RUDELY BEHAVED BY SAYING BY I.B.A ”CONTRACTUAL RELATIONSHIP DOES NOT EXIST BETWEEN BANKERS AND RETIREES,” HOWEVER WHILE I.B.A SIGNED THE 9TH BIPARTITE IN 2010, THE THEN CHAIRMAN OF I.B.A SHRI M.V.NAIR SAID AT THE TIME OF 9TH BIPARTITE SETTLEMENT ”THERE ARE TWO ASPECTS OF OUR PENSION OFFER.THERE IS RENEWED PENSION OFFER TO RETIRED EMPLOYEES (AFTER 1995-1996 REGULATIONS) WHO  HAD NOT OPTED FOR THE PENSION SCHEME EARLIER. ALL EMPLOYEES WHO ARE ON BANKS ROLL AS ON 30.MARCH,2010,WILL BE COVERED UNDER THE EXISTED DEFINED BENEFITS SCHEME.WHILE THOSE WHO JOIN FROM APRIL 1,2010 WILL BE COVERED UNDER THE GOVERNMENT’S NEW PENSION SCHEME AND THE GOVERNMENT’S GUIDELINES WILL BE APPLICABLE.”
THUS,TILL 2010,I.B.A WAS OFTHE FIRM VIEW THAT THERE IS CONTRACTUAL RELATIONSHIP BETWEEN BANKERS AND RETIREES
AND THUS ABOVE OFFER WAS PAID OF THE 9TH BIPARTITE SETTLEMENT.THEREFORE RETIRED BANKERS HIGHLY TRUST THE U.F.B.U AND I.B.A,WHEN DEMANDS OF RETIREES HAVE BEEN FORMED PART OF CHARTER OF DEMANDS SUBMITTED TO I.B.A BY U.F.B.U BUT THIS TIME RETIREES FEEL THAT THEY HAVE BEEN CHEATED BY U.F,B.U AND I.B.A.
K.R.SAINI


Jun 05, 2015 @ 03:12:46 Edit

SECONDLY, I.B.A MAINTAINED THAT ANY DEMANDS OF RETIREES CAN BE EXAMINED ONLY AS ”WELFARE MEASURES”.I AM OF THE VIEW THAT WORLD OVER PENSION AND ITS RELATED ISSUES ARE CONSIDERED AS ”SOCIAL SECURITY MEASURE” AND NOT AS WELFARE MEASURE.KINDLY VISIT ANY SITE ON PENSION INCLUDING GOVERNMENT OF INDIA SITE OR READ ANY JUDGMENT OF SUPREME COURT,YOU WILL SEE THAT PENSION IS CONSIDERED AS A ”SOCIAL SECURITY MEASURE”,IT ENCOMPASS THE WHOLE LIFE AND NOT RESTRICTED TO THE AGE OF RETIREMENT.THEY ARE ALSO CALLED RETIREMENT BENEFITS AND SUPERANNUATED BENEFITS. PENSION SCHEME IN PARTICULAR IS IN THE FORM OF GUARANTEED LIFE ANNUITY THAT ENSURING AGAINST THE RISK OF LONGERITY AND INFLATION.THEREFORE TO TERM THE PENSION AND PENSION RELATED ISSUES AS ”WELFARE MEASURE” IS NOT OUT OFIGNORANCE BUT A DILIBERATE ATTEMPT TO MISLEAD THE RETIREES WHICH HAS BEEN ACCETED BY OUR GREAT NETAS(U.F.B.U).
UNDER THESE CIRCUMSTANCES THERE ARE ONLY FEW OPTIONS FOR THE RETIREES WHICH INATIATED APPEAL TO LIKE MINDED PEOPLES IN THE AUTHORITY(M.O.F) WHICH ARE ONLY LIMITED IN NUMBER OR THEY SHOULD APPROACH THE COURTS WHICH IS ALSO COSTLY AND TIME CONSUMING.THAT ONE OPTION IS LETUS FIRST SHOW OF OUR STRENGTH FOR DIRECT AGITATIONAL PROGRMME BUT DUE TO ADVANCED AGE OF PENSIONERS IT IS ALSO NOT PRACTICAL .
K.R.SAINI


Jun 06, 2015 @ 05:08:50 Edit

IT HURTS TO PEN DOWN THAT I.B.A IS A BIG OBSTACLE IN IMPLEMENTING VARIOUS VERDICS OF THE COURTS IN FAVOUR OF PENSIONERS.ON THE ONE HAND THE I.B.A CONTENDS THAT THERE IS NO ”CONTRATUAL RELATIONSHIP” BETWEEN BANKS AND RETIREES. WE FAIL TO UNDERSTAND WHEN I.B.A CONTENDS THAT THERE IS NO ”CONTRACTUAL RELATIONSHIP” BETWEEN BANKS AND RETIREES THEN HOW THE I.B.A ISSUED INSTRUCTIONS TO ALL MEMBER BANKS (WHICH ARE PARTIES TO 10TH BIPARTITE SETTLEMENT) VIDE THEIR CIRCULAR/HR&IR/2015/10TH BIPARTITE/G2/85 DATED 4TH JUNE,2015 IN REGARD TO D.A ON BASIC PENSION W.E.F 1.11.2012,AND MINIMUM BASIC PENSION RATE OF FAMILY PENSION AND MINIMUM FAMILY PENSION ETC.IT SEEMS THAT I.B.A IS CONTRADICTING ITS OWN DECISIONS.
ON THE OTHER HAND I.B.A IS CREATING HURDLES IN IMPLEMENTATIONS OF DECICISIONS DECLARED BY VARIOUS HON’ABLE HIGH COURTS/SUPREME COURT..I.B.A IS NOT WILLING TO WATCH THE INTRESTS OF THE RETIREES WHO RETIRED IN SENIOR POSITIONS IN THE PAST BUT ARE GETTING PENSION EVEN LOWER THAN SENIOR ASSISTANTS OF THE BANKS RETIRED RECENTLY.EVERY DAY SENIOR/SUPER SENIOR PENSIONERS ARE DYING WAITING FOR THE JUSTICE WHICH DO NOT APPEAR TO BE IN NEAR FUTURE. WE DO NOT KNOW ”ACHHE DIN” FOR BANKS RETIREES WILL EVER COME OR WE SHALL DIE WAITING FOR JUSTICE.
K.R.SAINI


An article on “Stutters of a maniac” follows:

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Author: neelkanth

Certainly not a celebrity but do have inquisitiveness to know things, realise them and live them to the extent possible. My interest in History, Art of Living and behavioural science is an element that inspires me.Am a poet,an author,a consultant, an advisor on computers and behavioural science.Served as Director in Central Board of State Bank of India.Remained associated with trade union activities and industrial relations as President,All India State Bank of India Staff Federation.Led a delegation on computers to several countries abroad number of times as from State Bank of India/ Banking Industry. Was twice accorded with NATIONAL AWARD FOR EXCELLENCE by All India Freelance Journalists Association, Chennai (India). My email address is: neelkanthshahi@gmail.com

16 thoughts on “Pension issues in SBI–a thresh on recent occurrences:”

  1. Sh K.R Saini has given the correct narration of I.B.A and Bank retirees in detail. The detailed information has not any effect on I.B.A and the union leaders , there are gossips that some underhand deal has been made between I.B.A and The union leaders,and some handsome money has been given to the union leaders to settle the 10th bipartite to only 2% in the main salary and the rest is in other allowances, so that the pension portion will be less and the recurring liability in shape of future pension will be lower, The correctness of this gossips is not authenticated by any person or the source. By other means it appears that the result is in the shape of denial /(cheating note) of every thing , 100% D.A. ,updation Of pension, And revision in Family pension,to the already retired pensioners .The joint note signed by the I.B.A and the union leaders is a grave yard for the pensioners . I request the effected pensioners please go through the gossip and if there is some correctness please file a criminal suit against them.In the history of bipartite agreements this type of increase like house rent ,rank pay etc was given, in other agreements S.P.A/ ,P.Q.A was given . My sincere thanks to sh saini for the knowledgeable notes for the pensioners/retiree thanks Rajkumarnegi

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  2. The irony of the settlement is that a senior officebearer of one of the affiliates is retired Banker.This is enough indication of underhand dealings.It is IBA which appears to be the broker for the Banks unstead of being its representative in HRD matters

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  3. IN RESPONSE TO WRITE UPS OF SHRI NEGI AND SHRI MURALI DATED 7TH MARCH,2015 I HAVE TO ADVISE THAT BOTH HAVE ANALYSIS THE 10TH BIPARTITE SETTLEMENT RIGHTLY.AS ALL OF YOU AWARE THAT THE TALKS BETWEEN U.F.B.U AND I.B.A WAS NOT TRANSPARENT IN THE MONTHS OF APRIL,MAY,2015 AND THEY SECRETELY NEGOTIATE AND BOTH THE PARTIES WANT TO CONCLUDE THE10TH BIPARTITE SETTLEMENT WITHIN 90DAYS AFTER AGREED A SALARY INCREASE OF 15% ON 23.02.2015.
    IN THIS CONNECTION ONE SIMPLE QUESTION,WHY BOTH THE PARTIES DO NOT CARE THE INTRESTS OF THE RETIREES WHEN THERE IS SOME RETIREES DEMANDS IN THE CHARTER OF DEMANDS SUBMITTED TO I.B.A ON 30.10.2012.U.F.B.U WANTED MORE BENEFITS TO THE SERVING EMPLOYEES VWHO ARE THEIR MEMBERS.AS YOU ARE AWARE IN EVERY B.P.S,D.A IS MERGED WITH BASIC PAY.BECAUSE OF THAT EVERY TIME EMPLOYEES GET COMMUTATION ARREARS.
    10TH BIPARTITE IS NOT AN EXCEPTION.
    THISTIME SALARY,COMMUTATION,COMMUTATION ARREARS ARE POSITIVE/PLUS,BUT,PENSION BECOMES NEGATIVE OR REDUCED.
    WHY THIS SITUATION?
    EVERY BODY KNOWS THE REASON,THAT IS THE VICTORY OF I.B.A IN RESTRICTING THE LOAD ON BASIC PAYTO 2% AS SHRI NEGI SAID..THIS DECISION WILL AFFACT THOSE WHO RETIRED DURING 10TH BIPARTITE(FROM 1.11.2012) OR ARE GOING TO RETIRE IN THE10TH BIPARTITE SETTLEMENT.
    K.R.SAINI

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  4. HOW IN THE 10TH BIPARTITE,RETIRED BANKERS HAVE BEEN RUDLY BEHAVED BY SAYING BY I.B.A”CONTRACTUAL RELATIONSHIP DOES NOT EXIST BETWEEN BANKERS AND RETIREES” AND HOW RETIREES HAVE BEEN CHEATED BY U.F.B.U AND I.B.A.
    BUT THERE IS VERY MUCH CONTRACTUAL RELATIONSHIP BETWEEN BANKERS AND RETIREES AND MY FOLLOWING COMMENTS WILL PROVE IT. AND I WILL DISCUSS THE 6TH BIPARTITE SETTLEMENT TO 10TH BIPARTITE SETTLEMENT WHICH WILL PROVE THAT I.B.A HAS MADE THE WRONG STATEMENT.
    K.R.SAINI

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  5. NOW COME TO SETTLEMENT DATED 29.10.1993 REGARDING PENSION IN BANKS—–MEMORANDUM OF SETTLEMENT DATED 29TH OCTOBER 1993 BETWEEN THE MANGEMENT OF 58 BANKS(INCLUDING ASSOCIATE BANKS OF S.BI BUT NOTS.B.I)AS REPRESENTED BY I.B.A AND THEN WORKMEN AS REPRESENTED BY ALL INDIA BANKS EMPLOYEES ASSOCIATION.THE I.B.A AGREED TO INTRODUCE PENSION SCHEME IN BANKS NOT IN S.B.I FOR THE WORKMEN EMPLOYEES IN LIEU OF EMPLOYER’S CONTRIBUTION TO PROVIDENT FUND.THE PENSION SCHEME AGREED WAS TO BE BROADLY ON CENTRAL GOVERNMENT/R,B,I PATTERN. IT WAS INTRODUCED W.E.F 1.1.1986 WITH SOME CONDITIONS I.E RETURN OF EMPLOYER’S CONTRIBUTION OF PROVIDENT FUND WITH INTEREST @6 %.AS YOU ARE AWARE 6TH BIPARTITE SETTLEMENT IS FROM1.11.1992 TO 31.10.1997.BUT PENSION SCHEME WAS INTRODUCED W.E.F 1.11.1993 DURING THE CURRENCY OF 6TH BIPARTITE SETTLEMENT.THE RATE OF BASIC PENSION WILL BE 50% OF THE LAST AVERAGE PAY OF 10 MONTHS ANDMINIMUM OF RS375/P.M COMPLETED SERVICE OF 33 YEARS WILL QUILYFY FOR FULL PENSION AND DEARNESS RELIEF OF PENSIONERS WILL BE GRANTED AS SUCH RATES AS MAY BE DETERMINED FROM TIME TO TIME IN LINE OF DEARNESS ALLOWANCE FORMULA IN OPERATION IN R.B.I. IN RBI 100%D.A NEUTRALIZATION HAS BEEN IMPLEMENTED W.E.F 1.02.2005 AND OTHER BANKS ITWASIMPLEMENTED W.E.F 1.05.2005 .HOWEVER 100% D.A TO PRE 2002RETIREES HASBEEN DENIED BY I.B.A IN THE 10TH BIPARTITE SETTLEMENT.THIS CLEARLY SHOW THERE IS CONTRACTUAL RELATIONSHIP BETWEEN BANKS AND RETIREES.
    K.R.SAINI

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  6. I wish the galleries could have realised the woes and agonies of the aggrieved lot. Pensioners all over the country owe you their gratitude for most purposeful a material supplied by you from time to time which should have been received and duly used as a powerful tool to argue the case with strength.My thanks.

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  7. SUPREME COURT JUDGEJMENT DATED 23.02.1989 LAID DOWN AS PER1V CENTRAL PAYCOMMISSION WITH SINGLE CEILING D,A MERGER UPTO 332 POINTS(C.PI 1960=100) DIRECTION WAS TOPAY THE MONTHLY PENSION WITH CEILING OFRS2400/AGAINST THE BACKDROP OF MAXIMUM MONTHLYSALARY OFRS4800/OF DMD AND FAMILYPENSION SCHEME BE INTRODUCED. .THE JUDGEMENT WAS IMPLEJMENTEDW.E.F 1.1.1986.
    QUANTUM OF PENSION AS STRUCTURED ON 21.5.1997 W.E.F 1.11.1993 IN STATE BANK OFINDIA THOSE RETIRED ON OR AFTER 1.11.1993 50%OF THE LAST 12 MONTHS AVERAGE MAXIMUM RS4250/HERE ONE POINT TO BE NOTED THAT PENSION IN OTHER BANKS WAS INTRODUCED W.E.F 1.11.1993 WITH50% BUT NOT ANYCAP BUT IN S.BI THERE WAS A CAP MAXIMUM RS 4250/P.M
    QUANTUM OF PENSION W.E.F 1.3.199 FOR THOSE PENSIONERS WHO RETIRED ON OR AFTER 1.11.1993(BUT EFFECTIVE FROM 1.3.1999
    AVERAGE BASIC PAY UPTO RS8500/ 50% OF PAY
    ABOVE RS 8500/P.M 40% OF PAY SUBJECT TO A MINIMUM OF RS 4250/ BUT THERE WAS NO CAP IN OTHER BANKS.TUS STEP MOTHERLY TREATMENT MET WITH S.B.I PENSIONERS W.E.F 6TH BIPARTITE SETTLEMENT EVEN BEFORE FROM 5TH BIPARTITE SETTLEMENT IN S.BI WHICH IS FROM 1.11.1987 TO 31.10.1992. AND THEIRMAXIMUM PENSION IS RS2400/P.M AS THE REVISION OF PENSION FOR 5TH BIPARTITE RETIREES NOT TAKES PLACE SO FAR.
    K.R.SAINI

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  8. NOW COME TO 7THBIPARTITEVSETTLEMENT HERE U.F.B.U AND I.B.A ALSO CHEATED THE 7THBBIPARTITEVRETIREES BYINTRODUCING CLAUSE 16 IN THE7TH BIPARTITE SETTLEMENTWHICHSAYS FOR PENSION PURPOSE” PAY” SHOULD BE TAKEN AS PER 6TH BIPARTITE SETTLEMENT AND D.A ON BASIC PENSION BE ABOVE1616 POINTS.THE VSIMPLEQUESTION IS HERE HOWI.B.A AND SETTLED THE PENSION OF 7TH BIPARTITE RETIREES AND THIS CLEARLYSHOWS THERE IS CONTRACTUAL RELATIONSHP BETWEEN BANKS AND RETIREES.
    IN STATE BANKOF INDIA THE CEILING OF PENSION WAS THE SAME AS IMPLEMENTED TO 6THBIPARTITE RETIREES W.E.F1.03.1999 AFTER ADDING ”THEREAFTER” W.E.F 1.03.1999.IN OTHER WORDS THE 7TH BIPARTITE RETIREES ARE GETTING PENSION ON THE BASIS OF 6TH BIPARTITE PAY SCALES INS.B.I W.E.F 1.3.1999.
    K.R.SAINI

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  9. IN THE 8TH BIPARTITE SETTLEMENT ACCORDING TO CLAUSE 7(2) OF THE JOINT NOTE SIGNED ON 2ND JUNE 2005 BETWEEN REPRESENTATIVES OF OFFICERS’ ASSOCIATIONS AND I.B.A,IT IS AGREED BETWEEN THE PARTIES AS UNDER–
    WITH EFFECT FROM 1.05 2005,THE PENSION OF OFFICERS WHO RETIRED OR DIED WHILE IN SERVICE DURING THE PERIOD IST APRIL,1998 TO 31STOCTOBER 2002 WILL BE REFIXED BASED ON THE DEFINITION OF ”PAY AS DEFINED IN CLAUSE 5 (7TH BIPARTITE PAY SCALES) OF THE JOINT NOTE DATED 14TH,DECEMBER,1999.NO ARREARS OF PENSION AND COMMUTED VALUE OF PENSION WILL BE PAYABLE ON ACCOUNT OF SUCH RE-FIXING OF PENSION.THIS SHOWS CONTRACTUAL RELATIONSHIP BETWEEN BANKS AND RETIREES WHILESETTLING PENSION OF BANKS EMPLOYEES.
    BUT IN STATE BANK OF INDIA PENSION TO 8TH BIPARTITE RETIREES CONTINUE TO PAY ON THE BASIS OF 6TH BIPARTITE PAYSCALES W.E.F 1,11.2002(8TH BIPARTITE STARTING PERIOD) AND PENSION CEILING AS OF 6TH ,7TH AND 8THBIPARTITE WERE THESAME.IN APRIL 2006THERE WAS GENERAL STRIKE INS.B.I FOR IMPROVEMENT OF PENSION AND BANK RECOMMENDED TO M.O.F REVISION OF PENSION FOR 7TH AND 8TH BIPARTITE RETIREES BUT M.OF APPROVED THE REVISION OF PENSION FOR 8TH BIPARTITE RETIREES ONLY WE.F 1.5.2005WHEREAS 8TH BIPARTITE RETIREES OF OTHER BANKS ARE GETTING PENSION ON THE BASIS OF 8TH BIPARTITE PAY SCALES W .E.F 1.11.2002.HERE IS ALSO STEP MOTHERLY TREATMENT MET WITHS.B.I PENSIONERS BY M.O.F FOR NOT SANCTIONING THE REVISION OF PENSION FOR 7TH BIPARTITE RETIREES AND SANCTION THE REVISION OF PENSION FOR 8TH BIPARTITE RETIREES W.E.F 1.05.2015 NOT FROM 1.11.2002..
    K.R.SAINI

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  10. THE OTHER BANKS HAVE RESOLVED THE LONG PENDING PENSION ISSUES OF RESOLVING 7TH BIPARTITE ANOMALY IN THE 8THBIPARTITE SETTLEMENT W.E.F 1.05.2005 AND PROVIDING ONE MORE PENSION OPTION TO THEIR EMPLOYEES IN THE 9TH BIPARTITE SETTLEMENT.HOW I.B.A SAID THERE IS NO CONTRACTUAL RELATIONSHIP BETWEEN BANKS AND RETIREES WHILE SETTLING PENSION ISSUES OF OTHER BANKS.
    K.R.SAINI

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  11. THIS TIME 10TH BIPARTITE SETTLEMENT SETTLED TACTFULLY BY THE I.B.A TO CURB THE INTERESTS OF RETIREES.IN THE 10TH BIPARTITE SETTLEMENT,THERE ARE NUMBER OF SUCH CLAUSES WHICH AFFECT THE RETIREES/PENSIONERS W.E.F 1.11.2012 FOR EXAMPLE CLAUSE 6 OF THE 10TH BIPARTITE SAYS”DEFINITION OF PAY SHALL MEAN BASIC PAY,STAGNATION INCREMENTS,SPECIAL PAY,GRADUATION PAY,PROFESSIONAL QULIFICATION PAY,INCREMENT COMPONENT OF FIXED PERSONAL PAY FOR SUPERANNUATED BENEFITS ONLY
    PENSION(INCLUDING STATE BANK OF INDIA) CLAUSE 15–
    WITHEFFECTVFROM 1.11.2012 FOR PURPOSE OF VCALCULATION OF PENSION AS PER PENSIONBFUND RULES/PENSION FUND REGULATIONS IN FORCE.SO MUCH SO THOSE RETIRED ON 1.11.2012 OR AFTER AND BEFORE 25.05.2015AND WHO HAVE OPTED COMMUTATION OF PENSION SHALL HAVE AN OPTION NOT TO CLAIM INCREMENTAL COMMUTATION DUE TO REVISION OF PAY W.E.F 1.11.2012.
    HERE ONE IMPORTANT POINT TOBE NOTED IS THAT IF THEY COMMUTE THE INCREMENTAL COMMUTATION THEN PENSION WILL BE DECREASED AND I.B.A CLEVERLY ADD ANOPTION.
    SIMILARLY SPECIAL ALLOWANCE PROVIDED TO OFFICERS IN 10TH BIPARTITE IS NOT FOR SUPPERANNUATED BENEFITS.
    MOREOVER I.BA ISSUED A CIRCULAR TO BANKS WHO SIGNED THE 10TH BIPARTITEVON 25.05.2015 ON4.006.2015 ADVISING THE RATE OF D.A@0.10% ON BASIC PENSION AND ALSO FAMILY PENSION FOR10TH BIPARTITE RETIREES.
    HOW I.BA DENIED THAT THERE IS NO CONTRACTUAL RELATIONSHIP BETWEEN BANKS AND RETIREES WHEN I.B.A HAD INKED SO MANY CLAUSES AND INSTRUCTIONS AFFECTING THE RETIREES/PENSIONERS IN THE 10TH BIPARTITE SETTLEMENT.
    K.R.SAINI

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  12. CONCLUSION
    I INDEED FAIL TO UNDERSTAND AS TO HOW TO RESOLVE THE DEAD LOCK CREATED BY I.B.A IN RESPECT OF VARIOUS PENSION ISSUES OF BANKERS PARTICULARILY PERTAINING TO S.B.I.I LIST BELOW FEW OF OUTSTANDING PENSION ISSUES WHICH MUST ENGAGE THE ATTENTION OF I.B.A/G.O.I/M.O.F WITHOUT FURTHER LOSS OF TIME.
    1) EXCEPT S.B.I ,ALL OTHER BANKS ARE GETTING 50% OF THE LAST DRAWN SALARY AS PENSION.THIS ISSUE WAS LONG RESOLVED BY I.B.A IN THE YEAR 1993 BUT S.B.I WAS EXCLUDED ON THE PRETEXT THAT S.B.I EMPLOYEES ARE GETTING THREE SUPPERANNUATED BENEFITS WHICH IS WRONG AND NOT SUSTAINABLE,BECAUSE PRIOR TO GRATUITY ACT 1972,S.B.I WERE DEPRIVED OF GRATUITYBENEFIT AND OTHER BANKS WERE PAID SERVICE GRATUITY.
    2) I.B.A CONTENTION THAT THERE IS NO CONTRACTUAL RELATION BETWEEN RETIREES AND BANKS IS ALSO NOT SUSTAINABLE AS I.B.A HAS RECENTLY ISSUED GUIDE LINES IN REGARD TO QUANTOM OF D.A ON BASIC PENSION FOR 10TH BIPARTITE RETIREES AND ALSO ADVISED THE FAMILY PENSION FOR 10TH BIPARTITE RETIREES ON 4.06.2015.
    3) OTHER BANKS EXTENDED THE BENEFIT OF 7TH BIPARTITE SETTLEMENT W.E.F 1.05.2005 WHEREAS RETIREES OF S.B.I STILL GETTING PENSION ON THE BASIS OF 6TH BIPARTITE PAY SCALES .DISPARITY IN PENSION IS MAKING THE AGEING PENSIONERS TO SUFFER A LOT,THEYARE UNABLE TO MEET THEIR V BOTH ENDS IN THE PRESENT TIME OF HIGH INFLATION AND HEALTH PROBLEMS DUE TO ADVANCED AGE.
    CONCLUDING THE AFORESAID,IT IS ENJOINED UPON THEG.O.I/M.O.F/I.B.A TO RECONSIDER THE GENUINE/REASONABLE DEMANDS OF PENSIONERS BY EXTENDING RIGHTFUL BENEFIT TO 7TH BIPARTITE RETITEES,REVISE THE FAMILY PENSION AS PER R.B.I PATTEREN, AND PROVIDE 100%D.A NEUTRALIZATION TO PRE 2002 RETIREES AND ALL THE PENSIONERS MUST GET PENSION @50% OF LAST 12 MONTHS AVERAGE SALARY.
    K.R.SAINI

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