Pension issues–why one rank one pension formula is not applied to other undertakings?



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Now that Government of India have acceded to the demand of army men to ONE RANK ONE PENSION, what disables them to extend the same gesture to workforce in State Bank of India, or say the other public undertakings as a whole in the country? The retirees from State Bank of India are hankering for such a nod from the governmental quarters, say for ages. One government comes and goes out with a new one in the saddle but on listening to the groans of the aged employees of State Bank, many of them being super citizens, the present government too is as negative as the earlier one. Why? There is no valid an answer to discriminate. Workforce belonging to State Bank of India, the oldest Bank as Bank of Bengal, are the first liners in loyalty and commitment to the nation at the cost of their sweat and blood even sacrificing their family life and their cries do deserve a priority based consideration without treating them just like a dead wood thrown in the galleries. Perhaps the present government like their predecessors want the retirees of the Bank to sit on a dharna at Jantar Mantar in New Delhi and in the process, if it comes to that, lay down their life. Tell them, ye the Masters, that this is your requisition as against agreeing to the age old demands of the terribly agonised souls, several of them starving.

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7 thoughts on “Pension issues–why one rank one pension formula is not applied to other undertakings?

  1. Respected Awasthi ji, Whether it is the present Government or past Government there is no way other than to sit on Dharana and Hunger strike at Jantar Mantar. This is the only way to attract the media and attention of Government. I am personally writing to you in this regard as well Sri Saini ji. I know keeping in mind of your Age and other problems it will be very difficult to arrange these things on massive level. The arrangement will be very tough and lengthy and expensive too. Moreover there is little rays of Hope. But we have to keep in mind that we are not doing anything for ourselves but for the coming generation and for justice we must be ready to sacrifice big. I am personally ready to join any agitation programme with you and this may be a lifetime achievement for me.

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  2. BANK RETIREES CANNOT BE COMPARED WITH RETIRED MILITARY PERSONNEL.BANK RETIREES DEMAND UPDATION OF PENSION IS FOR IMPLEMENTATION OF THE SAME TO ALL PENSIONERS IRRESPECTIVE OF DATE(S) OF RETIREMENT(S) AS AND WHEN WAGE REVISION TAKES PLACE IN THE BANKING INDUSTRY FOR SERVING EMPLOYEES.
    IN NUT SHELL UPDATION OF PENSION IN BANKS MEANS-UPWARD REVISION OF YOUR EXISTING BASIC PENSION FIXED AT THE TIME OF YOUR RETIREMENT TO ENHANCED NEW NOTIONAL BASIC PENSION BASED ON THE REVISED BASIC PAY UNDER NEW WAGE REVISION SETTLEMENT/JOINT NOTE.IN OTHER WORDS IF YOU WOULD HAVE BEEN CONTINUED IN THE BANK’S SERVICE TILL DATE,WHAT WOULD HAVE BEEN YOUR BASIC PAY TODAY,50% OF THE SAME SHOULD HAVEVBEEN YOUR CURRENT BASIC PENSION.HOWEVER IN THE CASE OF FORMULA IS 50%/40% FOR S.B.I PENSIONERSAND DUE TO THIS FORMULA IF THERE WILL BE PENSION UPDATION IN BANKING INDUSTRY IN NEAR FUTURE THEN S.B.I PENSIONERS WILL GET A NEGLIBLE INCREASE IN PENSION EVEN ON UPDATION OF PENSION.THIS IS THE REASON THAT OUR PENSIONERS’ FEDERATION IS FIGHTING INTHE COURT TO SECURE PENSION @ 50% TO ALL S.B.I PENSIONERS.
    K.R.SAINI

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    • My thanks. The issue of pension in relation to SBI personnel is a composite matter to be viewed in its totality and not updation alone. The question is why the same response is not extended by the Government to the retirees of SBI on pension issues. The Government had to even agree to their demand of extending benefits to the VRS cases. It’s a matter of apathy as against favour between one section of workforce and the other. Response to SBI pensioners as from the Government has all along been as that of a deep malice.

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  3. IN RESPONSE TO SHRI AGARAWAL WRITE UP DATED THE 7TH SEPTEMBER,2015 I HAVETO ADVISE THAT IN THE ARMED FORCES,EQUILTY IS RETAINED BY TWO COMPONENTS,NAMELY RANK AND LENGTHOF SERVICE.THE IMPORTANCE OF RANK IS INHERENT IN ARMED FORCES.THESE RANKS ARE EVEN ALLOWED TO BE RETAINED BY THE INDIVIDUAL CONCERNED OFFICER AFTER HIS RETIREMENT.IN BANKS ONCE WE RETIREES ALL ARE RETIREES IRRESPECTIVE OF CADRE.
    HERE IN CASE OF BANK RETIREES ALL SORT OF DISCREMINATION IS MADE BY THE GOVERNMENT/M.O.F/I.B.A WITH THEIR OWN INTERPRETATIONS TO DENY BENEFITS TO BANK RETIREES/PENSIONERS ALREADY AGREED SETTLED BY RULES/REGULATIONS.CERTAINLY BANK RETIREES TOO CAN SUCCEED IN THEIR EFFORTS TO SECURE THEIR LONG PENDING DEMANDS THROUGH COLLECTIVE EFFORTS OF RETIREES ORGANISATIONS IN A TIME BOUND AND LONG DRAWN ACTION PLAN LIKE DEMONSTRATION ,DHARNA ETC AND ALSO EXPLORING LEGAL REMEDIES WHERE EVER REQUIRED.
    K.R.SAINI

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  4. WHO KNOWS WHEN THAT GOOD DAY SHALL COME WHEN BANKERS WOULD ALSO GET PENSION UPDATION.ARMY PEOPLE TOOK FOURTY ONE YEARS TO GET IT.I.B.A WOULD DIG ALL POSSIBLE MEANSTO PUT SO MANY IF AT ALL HURDLES SUCH GOOD DAY COME.L.I.C AND R.B.I NOTGET IT INSPITE OF ODDS BEING INTHEIR FAVOUR.IN OTHER WORDSIN CASE OF LIC AND RBI PASSED THE PENSION UPDATION IN THEIR RESPECTIVE BOARDS EVEN THEN IT HAS NOTBEEN IMPLEMENTD,
    K.R.SAINI

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  5. SHRI NEELKANTH JI SOME OF THE PENSION ISSUES TOBE RESOLVED ON BANKING INDUSTRY LEVEL SUCH AS 100% D.A NEUTRALISATION TO PRE2002 RETIREES,IMPROVEMENT IN FAMILY PENSION UPDATION OF PENSION ,UNIFORM D.A AND MEDICALFACILITIES ETC .THESE ISSUES WILL BE RESOLVED WITH THE DISCUSSION OF IBA BYTHE UNIONS AND WITHTHE CONSENT OF BANKS MANAGEMENTS.
    K.R.SAINI

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