Like cries in the vacuum, like talking to the authorities concerned with deaf ears, like bubbles scrambling in a river for their survival, the pensioners in State Bank of India are disparately gasping for some relief that is all the times denied to them both by SBI management and the Government of India. Where else they have to go? KR Saini has been voicing the concern through his comments and write-ups in this Blog which too failed to elicit any response followed by a fresh Petition to the President of India besides the one that was raised earlier by me in this blog. KR Saini is toiling hardest possible to overcome the hurdles by regularly writing on the issue through this blog. His voice has to be heard some day in which relation my beloved readers are required to keep their courage and patience till success emerges. This blog is releasing a new series of write-ups from him one by one for the knowledge and information of readers, the pensioners. The first one of this series is quoted below:
WHY PENSION MATTERS ARE REQUIRED THE APPROVAL/SANCTION OF THE CENTRAL GOVERNMENT. STATE BANK OF INDIA ACT 1955. SECTION 50–POWER OF CENTRAL BOARD TO MAKE REGULATIONS–(1) THE CENTRAL BOARD MAY,AFTER CONSULTATION WITH THE RESERVE BANK OF INDIA WITH THE PREVIOUS SANCTION OF THE CENTRAL GOVERNMENT 1(BY NOTIFICATION IN THE OFFICIAL GAZETTE) MAKE REGULATIONS/NOT IN CONSISTENT WITH THE ACT AND THE RULES MADE THERE UNDER,TO PROVIDE FOR ALL MATTERS FOR WHICH PROVISION IS EXPEDIENT FOR THE PURPOSE OF GIVING EFFECT TO THE PROVISIONS OF THIS ACT. 50(2)(4)EVERY REGULATION SHALL AS SOON AS MAY BE AFTER IT IS MADE UNDER THIS ACT BYTHE CENTRAL BOARD, BE FORWARDED TO THE CENTRAL GOVERNMENT THAT THE GOVERNMENT SHALL CAUSE A COPY OF THE SAME TO BE LAID DOWN BEFORE EACH HOUSE OF THE PARLIAMENT,WHILE IT IS IN SESSION,FOR THETOTAL PERIOD OF 30 DAYS,WHICH MAY BE COMPRISED IN ONE SESSION OR IN TWO OR MORE SUCCESSIVE SESSIONS, AND, IF BEFORE THE EXPIRY OFTHE SESSION, IMMEDIATELY FOLLOWING THE SESSION OR THE SUCCESIVE SESSIONS AFORESAID BOTH HOUSES AGREE IN MAKING ANY MODIFICATION IN THE REGULATION OR BOTH THE HOUSES AGREE THAT THE REGULATION SHOULD NOT BE MADE, THEREGULATION THERE AFTER HAVE EFFECT ONLY SUCH MODIFIED FORM OR BE OF NO EFFECT,AS THECASE MAY BE SO, HOWEVER,THAT ANY SUCH MODIFICATION OFANNULMENT THE VALIDITY OF ANY ONE PREVIOUSLY DONE UNDER THAT REGULATION. AS PER THE ABOVE PROVISIONS OF TRE ACT THE BANK NECSSRILY HAS TO SEEK THE APPROVAL OF THE GOVERNMENT OF INDIA. MORE OVER, IT HAS ALSO BEEN ADVISED BY THE BANK VIDE LETTER DATED THE 23.09.2011 THAT ANY CHANGE IN THE PRESENT STRUCTURE IN PENSION TO BANK EMPLYEES BE MADE WITH THE PRIOR APPROVAL. IT IS BECAUSE OF THIS INSTRUCTION BY THE M.O.F THAT THE BANK IN ITS LETTER DATED 27.04.2015 LAYS MORE EMPHASIS THAT IT IS FOLLOWING THE SBI PENSION FUND REGULATIONS–2014 IN LETTER AND SPIRIT.
I REQUEST ALL THE PENSIONERS TO SUBMIT THEIR OWN COMMENTS/FEEDBACK. K.R. Saini
To be continued: Next one in series being SBI EMPLOYEES PENSION FUND REGULATIONS 2014