Pension issues in SBI–an extension to his predecessor post by K R Saini:


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

Keshav Saini 22 Apr (2 days ago) to Chandrasekharan, ramachandrapp, hganaiyer46, babu2609, me, murthy, T.r., govinds65, …

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.
10881486_1016309615062877_1718043244602304723_n_thumbBUT 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

PS: The post is unaudited.

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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

1 thought on “Pension issues in SBI–an extension to his predecessor post by K R Saini:”

  1. OUR PENSION ISSUES REMAIN UNRESOLVED DUE TO ADAMANT STAND BEING ADOPTED BY THE GOVERNMENT.THE PRESENT PRECEPTION OF THE OFFICIALS OF THE FINANCE MINISTRY NEEDS TO BE CHANGED.THIS PERCEPTION ENTERTAINED BY THE VARIOUS OFFICIALS DEALING WITH OUR PENSION ISSUES OVER THE YEARS IS UNFORTUNATELY PASSED ON TO THEIR SUCCESSORS.OUR FEDERATION HAS BEEN MAKING ITS APPEAL TOTHE GOVERNMENT FOR RECONSIDERING AND REVIEWING ITS ADAMANT STAND..NO DECISION OF THE GOVERNMENT AND ITS MACHINERIES SHOULD RESULT IN THE VIOLATION OF THE FUNDAMENTAL RIGHTS OF A LARGE SECTION OF ITS SENIOR CITIZENS.A DUTY IS THEREFORE CAST ON THE OFFICIALS CONCERNED AT THE MINISTRY OF FINANCE OF THE GOVERNMENT AS ALSO OFFICIALS OF OUR BANK TO HAVE FRESH AND UNBIASED LOOK INTO OUR PENSION ISSUES AND RESOLVE OUR PENSION ISSUES WITHOUT ANY LOSS OF TIME.
    K.R.SAINI

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