Pension issues in SBI–clarifying a confusion by K R Saini:



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Keshav Saini

22 Apr (2 days ago)

to Chandrasekharan, ramachandrapp, hganaiyer46, babu2609, me, murthy, T.r., govinds65, jpdatta, Brijmohan, rajkumarnegi, Jaspal, Sudhir, Atam, antony, srinivasan, Narinder, Harbhajan, menroygk, sureshshobha40, neelrameshl, sujoykumarghosh, Sampath, veekg

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DEAR SIRS,WHILE DISSCUSION BETWEEN SHRI P.P UPADHYAYA AND SHRI GANAPATHY IS VERY CONVINCING AND IMPRESSIVE AND ALSO VERY MEANING FUL .BOTH OF THEM ARE EXPERT IN LEGAL MATTERS AND I AM NOT LEGAL EXPERT IN THESE MATTERS.ANY HOW I AM ALSO TRYING TO MENTION IN THIS MATTER IN A SIMPLE LANGUAGE.
PROCEDURE ADOPTED FOR REVISION OF CEILING OF PAY FOR DETERIMATION OF PENSION AFTER EACH BIPARTITE SETTLEMENT IN STATE BANK OF INDIA AND 7th BIPARTITE RETIREES ISSUE AND OUR W.P(C)1875/2013 AT DELHI HIGH COURT——ARGUMENTS HELD ON 9.02.2O16 BY SENIOR  COUNSEL OF PENSIONERS’ FEDERATION.

  WHENEVER THE WAGE REVISION TAKES PLACE AFTER A BIPARTITE SETTTLEMENT,THE REVISION IN PENSION DOES NOT TAKES PLACE AUTOMATICALLY/IMMEDIATELY.IN THE CASE OF 7TH BIPARTITE SETTLEMENTAS PER 7TH BIPARTITE SETTLEMENT DATEED 27.03.2000.THE NEW PAY SCALES WERE GRANTED TO THE EMPLOYEES.HOWEVER,FOR THE PURPOSE OF CALCULATION OF PENSION,PAY SCALES AS PER 6TH BIPARTITE SETTLEMENT ARE TAKEN INTO ACCOUNT AS NECESSARY SANCTIONS WERE NOT ACCORDED.

         ALTHOUGH STATE BANK OF INDIA HAD RECOMMENDED TO M.O.F VIDE LETTER CDO/16/PM/SPL/344 DATE 26 TH JULY 2000 FOR REVISION OF PENSION FOR 7TH BIPARTITE RETIREES.HOWEVER, WITHOUT WAITING THE SANCTION/APPROVAL FROM THE GOVERNMENT, BANK ISSUED  INSTRUCTIONS FOR PAYMENT OF REVISED PENSION VIDE CIRCULAR NO 34 DATED 31.10.2000.HOWEVER, BANK ISSUED REVISED INSTRUCTIONS AT 50%/40% FORMULA W.E.F 1.03.1999TO 7TH BIPARTITE RETIREES WHICH WAS/IS MEANT FOR 6TH BIPARTITE RETIREES ALSO.

   NOW PENSIONERS’ FEDERATION COUNSEL IN THE W.P(C) 1875/2013 ARGUED ON 9TH FEBRUARY,2016 ON THESE POINTS.BUT M.O.F HAS CONSTITUTED A COMMITTEE FOR THE PENSION ISSUES IN S.B.I ,THE REPORT OF WHICH HAS NOT COME SO FAR.

                   LEGAL POSTION

THE LEGAL POSITION WOULD BE THAT IF POST SUPERANNUATED OF AN EMPLOYEE WAGES ARE INCREASED FROM A DATE,ANTERIOR FROM THE DATE OFSUPERANNUATION AND DIFFERENCIAL PAID .FOR COMPUTING PENSION WHILE INDEXING THE LAST 12 MONTHS DRAWN WAGES,THE PENSION WOULD HAVE TO BE RE-FIXED KEEPING IN VIEW THE INCREASED PAY ON THE SAME BEING REVISED.ITNEEDS TO BE MENTIONED THAT THE RETIREES BEING PAID SALARY AND ALLOWANCES AS PER THEIR REVISED SALARY AS PER 7TH BIPARTITE SETTLEMENT FROM 1.11.1997/1.04.1998.

      K.R.SAINI

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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

3 thoughts on “Pension issues in SBI–clarifying a confusion by K R Saini:”

  1. DEAR TOO MUCH FIGHTING IS GOING ON BUT NOBODY IS THINKING FOR ANY AGITATION PROGRAM ON THE PLEA THAT (1) WE ARE OLD CAN DO NOTHING (2) WE ARE NOT A TRADE UNION AND HAVE NO RIGHT FOR ANY MOVEMENT OR TO STOPPAGE THE WORK (3) WE HAVE MET WITH TOP PERSONALITIES AND HAVE MEET WITH 134 M.P’S AND HAVE SUBMITTED MEMORANDUM BUT NO RESPONSE. (4) OUR MADAM CHAIRMAN IS KIND HEARTEN AND WILL SEE OUR PROBLEM AND SHE HAS COMMENTED TO TAKE UP THE MATTER WITH G.O.I,(5) WE HAVE DONE DHARNA IN PLACE OF C.C. / JANTARMANTAR (JUST ONE OR 2 DAY) NO RESULT.
    NOW MY QUESTION WHY THE CIRCULAR OF 2000 YR., HAS NOT BEEN IMPLEMENTED, WHAT THE LEADERSHIP HAS DONE, IF REALLY THEY THINK OF THE PENSIONER, THAN 40% / 50% STORY MAY NOT COME.
    NOW THE PENSIONER LEADER ARE SAYING , WE HAD GONE TO S.C
    AND ON S.C ORDER NOW IN DELHI HIGH COURT.
    THESE TYPE OF IRRATIONAL WORD MAY NOT SUFFICE THE PENSIONERS PAIN AND DAY BY DAY MANY OF US ARE LEAVING THE WORLD.
    START A CONTINUOUS MOVEMENT LIKE ARMY PERSONNEL ON A CONSTANT BASIS TO GET THE RESULT , BECAUSE IN EVERY SPHERE OF LIFE “MOVEMENT” / AGITATION IS THE LAST WORD”TO GET A SUCCESS .

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    1. ONE OF AGE-OLD TRADITIONS FOR WHICH INDIA HAS BEEN KNOWN THE WORLD OVER IS RELATED TO THE VALUE WE ATTACH TO THE AGED AND OLD,THOSE WHO HAVE GIVEN NEW GENERATIONS SO MUCH TO BUILD ON AND ENJOY IN LIFE.THE CONCEPT OF PENSION FOR EMPLOYEES AFTER THEIR RETIREMENT FROM ACTIVE SERVICE CAN BE VIEWED AS DERIVATIVE OF THIS TRADITION.
      BUT WHAT ABOUT THE POLICY OF THE GOVERNMENT IN REGARD TO THE PENSIONERS OF STATE BANK OF INDIA? IT HARDLY REFLECTS AN ENLIGHTENED DEFINATION OF THE PENSIO SCHEME.THERE IS NO SOCIO-ECONOMIC JUSTICE BUT HUMILIATION ALL THE WAY FOR THOSE WHO ONCE CEASELESSLY TOILED AND GAVE THEIR BEST TO THE SYSTEM.
      ONE OF THE ESTABLISHED RULES OF VTHE BANK ITSELF IS THAT EVERYONE SHOULD BE GETTING PENSION EQUIVALENT TO 50% OF VHIS OR HER LAST DRAWN SALARY.BUT THERDE ARE DIFFERENT GROUPS OF RETIREES.
      THERE IS SOMETHING TERRIBLY WRONG INDEED WITH THE EXISTING POLICY ONTHE BANK PENSION.WE ARE DEMANDING EQUITY,FAIR PLAY AND NATURAL JUSTICE IN THE WHOLE SYSTEM.
      THE PLIGHT OF OLD RETIREES (5TH,6TH AND 7TH BIPARTITE RETIREES) IS NOT UPTO THE MARK THESE RETIREES ARE IN THE AGE GROUP OF 70 YEARS TO 90 YEARS AND THEYARE DRAWING PENSION ABOUT RS20000/PER MONTH IN THIS PERIOD OF HIGH INFLATION AND IN THEIR ADVANCED AGE AND SOME OF THEM ARE SICK.100% DA NEUTRALIZATION EFFECTIVE FROM 1.05.2005 TO 8TH BIPARTITE RETIREES AND SUBSEQUENTLY TO 9TH AND 10TH BIPARTITE RETIREES ALSO, HAS NOT BEEN EXTENDED TO THE OLD RETIREES(5TH,6TH AND 7TH BIPARTITE RETIREES,)
      K.R.SAINI

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