Pension Issues -an aftermath


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Much has been discussed and talked on the  matter of pension issues. The story is unending. This part is more important in the sense that the final curtain is to be drawn now. The latest happenings during the last few months on this issue are crucially important and K.R. SAINI has exhaustively and diligently summed up his views lucidly clarifying the plus and minus of the whole event to be gone through by the readers. His is the masterpiece coverage of the whole gambit bringing forth the intricacies involved to the surface. His write up on the issue is reproduced below:

STATE BANK OF INDIA EMPLOYEES’ PENSION FUND (AMENDMENT) REGULATIONS’2017—–NON INCLUSION OF PROFESSIONAL QUILIFICATION PAY AND FIXED PERSONAL PAY IN RE-ALIGNMENT OF PENSION OF THE 7TH BIPARTITE TALKS RETIREE PENSIONERS:

DRAWING A CONTEXT FROM THE GAZETTE NOTICATION DATED 4/10/2017 WITHOUT PREJUDICE TO OUR RIGHTS AND DEMANDS FOR 50% AS PENSION FOR ALL THE RETIREE PENSIONERS FROM 1.11.1987 TO 31.10.2017 (5TH BIPARTITE TO 10TH BIPARTITE TALKS). HOWEVER, THE  ANOMALY OF 5TH BIPARTITE RETIREES HAS BEEN SET RIGHT BY AMENDED REGULATIONS-2017 FRUGALLY EXTENDING SOME SORT OF A  SOLACE.

IN STATE BANK OF INDIA EMPLOYEES’ PENSION FUND REGULATIONS,IN REGULATION 23(2)” PROVIDED THAT THE MAXIMUM AMOUNT OF PENSION SHALL BE INCREASED FOR THE MEMBERS WHO RETIRED ON OR AFTER 1.11.1987,FROM RS 2,400/ PER MONTH TO RS 3,775/ PER MONTH (PRO RATA IN CASE OF PART TIME EMPLOYEES). 5TH BIPARTITE IS FROM 1.11.1987 TO 31.10.1992. 6TH BIPARTITE (FROM 1.11.1992 (FOR AWARD STAFF) AND FROM 1.07.1993 (FOR OFFICERS) FROM RS 2,400/ TO RS4,250/ (PRO-RATA IN THE CASE OF PART-TIME EMPLOYEES) AFTER ADJUSTMENT OF DEARNESS ALLOWANCE ON THE BASIC PAY UP TO 1,148 POINTS IN THE QUARTERLY AVERAGE OF THE ALL INDIA WORKING CLASS CONSUMER PRICE INDEX (GENERAL) BASE=1960. PROVIDED ALSO WITH EFFECT FROM 1.03.1999 THE MAXIMUM AMOUNT OF PENSION FOR THE MEMBERS WHO RETIRED OR RETIRE DRAWING SUBSTANTIVE SALARY IN THE PAY SCALE EFFECTIVE FROM 111.1992(AWARD STAFF) OR 1.07.1993 (SUPERVFISING STAFF) AND THEREAFTER TO BE COMPUTED TILL FURTHER AMENDMENTS IN THIS REGARD AS UNDER–

(a) WHERE THE AVERAGE OF SUBSTANTIVE SALARY DRAWN DURING THE  LAST  12 MONTHS’ PENSIONABLE SERVICE IS UP TO RS 8,500/ PER MONTH,50% OF THE  OF MONTHLY SUBSTANTIVE SALARY  DRAWN DURING THE LAST 12 MOTHS’ PENSIONABLE SERVICE (PRO-RATA IN THE CASE OF PART-TIME EMPLOYEES), AND

(b) WHERE THE AERAGE OF MONTHLY SUBSTANTIVE SALAY DRAWN DURING THE LAST 12 MONTHS’ PENSIONABLE SERVICE IS ABOVE RS8,500/ PER MONTH, 40% OF THE AVERAGE OF MONTHLY SUBSTANTIVE SALARY DRAWN DURING THE LAST 12 MONTHS’ PESIONABLE SERVICE MINIMUM OF RS4,250/(PRO-RATA IN THE CASE OF PART TIME EMPLOYEES).

                                 NON INCLUSION OF PQP AND FPP IN REALIGNMENT OF PENSION OF 7TH BIPARTITE RETIREES.

   ON PAYMENT OF AD-HOC ARREARS TO ELIGIBLE PENSIONERS ACCOUNTS’ ON ACCOUNT OF REALIGNMENT OF PENSION TO 7TH BIPARTITE RETIREES PQP AND FPP WERE NOT TAKEN INTO CONSIDERATION WHILE COMPUTING REVISED PENSION.THIS RESULTED INTO PAYMENT OF DISPROPTIONAL AMOUNT OF ARREARS AMONG SAME CATEGORY OF STAFF SERVING SIMILAR SERVICE WHICH CREATING LOT OF DISSATISFACTION AMONG THE RETIREES ESPECIALLY OFFICERS SCALE V AND ABOVE.

                  HOWEVER, THE GAZETTE OF INDIA DATED 4.10.2017 IS SILENT ON INCLUSION OR OTHERWISE OF COMUTATION OF PENSION OF  PQP AND FPP COMPONENTS.AND THE BANK STRICTLY WENT BY THE GOVERNMENT OF INDIA APPROVAL LETTER WHILE RELEASING AD-HOC ARREARS WHICH DID NOT INCLUDE PQ P AND FPP.

         FROM THE GAZETTEE NOTIFICATION,IT IS CLEAR THAT PENSION HAS TO BE PAID ON SUBSTANTIVE SALARY NOT ON BASIC SALARY ON WHICH AD-HOC ARREARS HAVE BEEN PAID BY THE BANK (ON BASIC SALARY).

                                                     SUBSTANTIVE SALARY

 THE MEANING OF ”SALARY” HAS BEEN DEFINED IN SECTION 2 OF(I) OF SBI PENSION REGULATIONS 2014 SUBSTANTIVE OR BASIC PAY. HOWEVER, SUBSTANTIVE SALARY SHALL INCLUDE OTHER EMOLUMENTS OR SUCH PORTION THERE OF A MEMBER AS MAY BE FOR THE TIME BEING PERMITTED BY THE BANK TO  RANK FOR SUPERANNUATION BENEFITS   UNDER THE RULES/SERVICE CONDITION AS APPLICABLE TO THE MEMBER.

                                               MOST IMPORTANT POINTS TO BE NOTED

1   STATE BANK OF INDIA EMPLOYEES PENSION FUND REGULATIONS(AMENDED) 2017 COVERS ALL THE BIPARTITES FROM 5TH TO 10TH AND HAS

MENTIONED THAT PENSION PAYABLE ON SUBSTANTIVE SALARY NOT ON BASIC PAY THE CEILING OF RS6833/ FROM DATE OF RETIREMENT TO 30.04.2005 CONSIST OF BASIC PAY ONLY SIMILARLY CEILING OF RS7120/ FROM 1.05.2005 TO 31.08.2017 CONSIST OF BASIC PAY ONLY AS SUCH BANK HAS TO INCLUDE THE PQP AND FPP AT THE TIME OF FINAL PAYMENT.BECAUSE CEILING OF RS14240/ COMPARE WITH RS21040/OF 8TH BIPARTITE IS ALSO BASIC PAY.ASSUCH BANK HAS TO INCLUDE HALF OF PQP AND HALF OF FPP AT THE TIME OF FINAL PAYMENT TO 7TH BIPARTITE RETIREES.

2     IN THIS CONNECTION PLEASE REFER D.O NO 4/8/6/2006-IR ISSUED DATED 7TH DECEMBER,2007 BY MINISTRY OF FINANCE, DEPARTMENT OF FIANCIAL SERVICES SIGNED BY SHRI RAKESH SINGH  JOINT SECRETARY.

FIXED PERSONAL PAY

”THIS MAY BE RECKONED FOR THE PURPOSE OF SUPERANNUATION OF PENSION.WE WOULD REUEST YOU TO TAKE FURTHER NECESSARY ACTION IN LINE WITH THE DECISIONS TAKEN IN THE MEETING ”LETTER ADDRESSED TO SHRIO.P BHATT CHAIRAN S.B.I.”

3  KINDLY REFER TO C.O LETTER NO CDO/IR/CIR/29/DATED 30.07.2001.

ECCB HAS APPROVED CHANGE IN NOMENCLATURE OF ”FIXED PERSONAL ALLOWANCE” AND” PROFESSIONAL QUILIFICATION ALLOWANCE” TO”FIXED PERSONAL PAY” AND” PROFESSIONAL QULIFICATION PAY”

      ROFESSIONAL QULIFICATION PAY

(EARLIER CALLED PROFESSIONAL QUILIFICATION ALLOWANCE) (EFFECTIVE 01.11.1999)

REVISED RATES AS APPROVED BY GOVERNMENT OF INDIA NOW.

1     THOSE WHO HAVE PASSED ONLY CAIIB-PART I–RS 150/PER MONTH AFTER ONE YEAR ON REACHING TOP OF THE SCALE.

2 THOSE WHO HAVE PASSED BOTH PARTS OF CAIIB

(a) RS 150/ PER MONTH AFTER ONE YEAR ON REACHING TOP OF THE SCALE.

(b) RS 360/ PER MONTH AFTER TWO YEARS ON REACHING TOP OF THE SCALE.

            HAVE PATIENCE AND TRUST ON GOD AND LET US HOPE FOR THE BEST.

WITH BEST REGARDS.

K.R.SAINI


This article is needfully edited.

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29 thoughts on “Pension Issues -an aftermath”

  1. I fail to understand why much importance is being given to this Gezette notification.As per SBIEPFR act, no executive order can take away pensioners rights ,envisaged there in, UNLESS a bill is passed in parliament with 2/3 majority to bring any change in SBIEPFR, HERE again the bill has to be for further improvement of pension benefits without any prejudice to the existing benefits.Since SBIEPFR act was passed in 1955 with 2/3 MAJORITY in the parliament in 1955, from that day to till date, the parliament has not passed any amendment Bill to SBIEPFR, and any amendment done without the intervention of parliament, but by an executive orders,such orders are null and void.Even the committee formed by GOI ,it’s recommendations, GOI’ s approval, and Bank’s disbursal of arrears etc. are not sustainable in the court of law.

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  2. I fail to understand why much importance is being given to this Gezette notification.As per SBIEPFR act, no executive order can take away pensioners rights ,envisaged there in, UNLESS a bill is passed in parliament with 2/3 majority to bring any change in SBIEPFR, HERE again the bill has to be for further improvement of pension benefits without any prejudice to the existing benefits.Since SBIEPFR act was passed in 1955 with 2/3 MAJORITY in the parliament in 1955, from that day to till date, the parliament has not passed any amendment Bill to SBIEPFR, and any amendment done without the intervention of parliament, but by an executive orders,such orders are null and void.Even the committee formed by GOI ,it’s recommendations, GOI’ s approval, and Bank’s disbursal of arrears etc. are not sustainable in the court of law.

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    1. IN RESPONSE TO SHRI K.V LAKSHMANAN WRITE UPS DATED 12.10.2017 AND 13.10.2017 I HAVE ALREADY ADVISED YOU AND DISCUSSED THE MATTER IN BRIEF AND I DO NOT WANT TO CONFORNT WITH YOU.PERSONAL VIEWS CAN BE DIFFER FROM MAN TO MAN.ACCORDING TO ME THIS GAZETTE NOTIFICATION IS VERY IMPORTANT AND YOU SHOULD GO THROUGH THE SECTION 50 OF THE STATE BANK OF INDIA ACT 1955 WHICH MENTIONED THE POWERS OF THE CENTRAL BOARD .THIS SECTION IS ALSO MENTIONED IN THE APPROVAL LETTER OF GOVERNMENT OF INDIA DATED 20.04.2017 AND 90% AD-HOC ARREARS TO 7TH BIPARTITE RETIREES STARTS FROM 15.07.2017.FURTHER YOU SHOULD ALSO GO THROUGH SECTION 50(2)(O) WHICH SHOWS MAINTAINANCE OF ESTABLISHMENT AND SUPERANNUATION BENEFITS TO EMPLOYEES.
      SECTION 50(4) SHOWS THE PROCESS TO IMPLEMENT THE REGULATIONS OF SUPERANNUATION.
      IN VIEW OF ABOVE THE GAZETTE NOTIFICATION WILL BE PLACED IN TERMS OF SECTION 50(4)ON THE TABLE OF LOK SABHA AND RAJYA SABHA FOR 30 DAYS.IT MAY BE POSSIBLE THIS GAZETTE NOTIFICATION MAY BE PLCED IN THE PARLIAMENT IN BOTH I.E LOK SABHA AND RAJYA SABHA IN WINTER SEESSION WHICH STARTS FROM NOVEMBER/DECEMBER 2017.THIS NOTIFICATIONDATED 4.10.2017 WILL BECOME THE PART OF STATE BANK OF INDIA EMPLOYEES’ PENSION REGULATIONS–2014.THIS NOTIFICATION GAVE THE PENSION TO 6TH BIPARTITE TO 10TH BIPARTITE RETIREES AT50%/40% FORMULA WITH CEILINGS.
      MANY PENSIONERS HAVE RAISED THIS ISSUE AFTER THE PUBLICATION OF GAZETTE NOTIFICATION ON 4.10.2017 AND THIS IS THE REASON THAT I HAVE PRESENTED THE FACTS FOR THE BENEFIT OF THE PENSIONERS.I HAVE ALSO MENTIONED THE DEMAND OF 50%AS PENSION TO ALL IN MY WRITE UP AS THE THREE COURT CASES AT DELHI HIGH COURT ARE PENDING FOR ARGUMENTS.
      K.R.SAINI

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  3. Sri Saini Ji, You are remarkable personality and the person to whom our legend and inspiration source Sri M.R.Awasthi Bhai appreciate must be
    really great. Although due to many family reasons and health, I was unfortunate to read all the blogs and texts of Avenue so not too much aware of the final results. I will be obliged to know whether the Pension
    Revision has been made from SBI Side. And whether the VRS optees
    of April 2007 will get any revision in Basic Pay. Thanks.

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    1. I learn from your comment that you are not well.What’s wrong? Take care. My good wishes and blessings are always there for you.Your anxiety on pension issues is appreciable. My thanks.

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      1. DEAR SHRI AWASTHI JI,THANKS FOR YOUR GOOD WISHES FOR MY HEALTH ,GOD BLESS YOU.I AM ALL RIGHT.HOWEVER, I HAVE SUBMITTED MY COMMENT TO SHRI KADAR NATH AGARAWAL FROM THE POINT OF THE NOTIFICATION DATED 4.10.2017 AND FROM THE POINT OF VIEW OF THE COMMITTEE’S REPORT ON PENSION MATTERS OF SBI AS FOR THE PRESENT COMMITTRE’S REPORT DOES NOT ACCEPT PENSION AT 50% TO S.B.I PENSIONERS AND GAZETTE NOTIFICATION GAVE THE BENEFITS TO THE PENSIONERS FROM 1.11.1087 TO 31.10.2002. (FROM 5TH BIPARTITE TO 7TH BIPARTITE RETIREES) HOWEVER, NOTIFICATION UPDATED THE RETIREES FROM 5TH TO 10TH BIPARTITE RETIREES AND STATE BANK OF INDIA EMPLOEES’ PENSION FUND REGULATIONS-2014 IS UPTO 9TH BIPARTITE WITHOUT AMENDMENTS.IF COURT WILL GIVE VERDICT OF 50% AS PENSION ALL PENSIONERS WILL BE BENEFITTED THEN SHRI AGARAWAL WILL ALSO BE BENEFITTED.KINDLY ADVISE AGARAWAL ACCORDINGLY.

        K.R.SAINI

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  4. I only wish our colleagues have patience upto, 23 Oct which is just 10 days away. I will not be surprised if aibea come out with a begging bowl along with penfed not to ignore aibrf make tall claims of victory ignoring sincere efforts of group of pensioners.
    Regards to all
    Dhanabalan

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  5. Dear friends,
    I would like to make record straight.Shri.K.R.Saini is now started writing contrary to what he was writing in the SBIPABC WEBSITE some 1 1/2 years back,after a God sent saviour Shri.PP.Ramachandra Upadyaya a retired GM of Mysore,who has done a research of SBI act of 1955,SBIEPFR act 1955, and innumerable setteled laws in support of pensioners present demand. Shri.Upadyaya exposed the Penfed ,how the case no.1875/2013 is a half backed and not benefited much to the pensioners ,as they are elegible much more as per SBIEPFR and many settled laws in support there of.The Penfed’s first lie is,for any change in payment of pension Government’s approval is a must and supported by shri.K.R.Saini.At that time this was contradicted by one shri.RP.Gupta in SBIPABC WEBSITE AND ALSO BY Shri.PPR.UPADYAYA BUT BOTH WERE REDICULED BY SBIPABC AND SHRI.SAINI STRONGLY SUPPORTED SBIPABC,QUOTING AMENDMENTS BY GOI IN SBIEPFR,FORGETTING OR DUE TO LACK OF KNOWLEDGE THAT AN EXICUTIVE ORDER BY GOI CANNOT ALTER THE PROVISIONS OF SBIEPFR,UNLESS A BILL IS PASSED IN PARLIAMENT WITH 2/3 MAJORITY,AND THAT TOO TO IMPROVE BENEFITS AND NOT FOR CURTAILING EXISTING BENEFITS.BUT BOTH PENFED AND SHRI.SAINI WERE OF STRONG OPINION THAT GOI IS THE FINAL AUTHORITY AND ITS APPROVAL IS A MUST.AS FAR AS SBIEPFR IS CONCERNED THE GOI IS A RANK OUT SIDER IN DECIDING PENSION ISSUES IN SBI.SO MANY FACTS ABOUT PENSIONERS WERE BROUGHT OUT BY SHRI.PPR.UPADYAYA AND THERE WERE NO ANSWERS FROM SBIPABC AND SHRI.KR.SAINI.AFTER GOING THROUGH THE SHRI.UPADYAYAS WRITEA UPS WHO HAS DONE AN EXTENSIVE RESEARCH OF SBI ACT,SBIEPFR AND RELATED SETTLED LAWS ,THE SBIPABC SHUT ITS MOUTH DUE TO ITS IGNORANCE OF ITS POOR KNOWLEDGE ABOUT SBI ACT, SBIEPFR,AND SETTELED LAWS.SHRI.KR.SAINI ALSO STARTED TO CHANGE HIS EARLIER VIEWS AND FALL IN LINE WITH SHRI.PPR.UPADYAYA WHO BESIDES SOME HEALTH PROBLEMS DONE A MARVELOUS JOB AND FILED A WP IN DELHI HIGH COURT IN 2016 By GROUP OF PENSIONERS ( GOP) WITH THE FOLLOWING PRAYERS;
    1)50% pension,for all,
    2)100% DA nutralisation,
    3)Updation of pension,
    4)30% family pension,
    5) 18% interest for late payment of arrears.
    IT IS NOTED HERE THAT THE GOP CASE WAS FILED ONLY AGAINST BANK AS GOI HAS ANY ROLE WHATSOEVER TO PLAY IN OUR PROPERTY THE PENSION FUND.

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  6. Just read a message in facebook one shri. Seshadri who could secure a verdict in favour of sbi 5. 6. 7 bps retirees arRears from 1.05. 2005 but failed to follow up in court for 9 years now request pensioners to support him to secure 100^% da neutralisation before 31 oct fully knowing well GOP is set to possibly securE all the benefits on 23. 10. 2017. Shri.Upadhyaya is frank enough to make available all his moves.
    Regards
    Dhanabalan

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  7. Are we sure of getting Court verdict reg.Pension Updation at par with Central Govt. Employees for 5th,6th and 7th bipartite s.b.i pensioners. A.subramanyam

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  8. We should first learn to acknowledge that the final curtain stage has come only after our saviour Mr.PPR Upadhyaya’s efforts to bring out many a startling facts which were so far not in sight of our so called stalwart trade union leaders. Let it dawn on them that they can’t take credit with plagiarism.

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  9. Sri Awasthi Bhai ji. Really your kind words always work a Big Tonic for me. I am presently at Bangalore and by kind cooperation of Sri Slevraj Bhai. GS SBISA Chennai circle by getting Rameshwaram Guest House I am going there on 5th Nov. to worship Lord Shiva called Neelkanth also. I am worried on Pension issue because really the correct sprit of route cause has not been taken. The main cause is that Revision Biapartite should be for both working and retirees simaltenously. And before applying this One Rank One Pension should come in force granting Common Pension Retired any time.
    .

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  10. It is in rensonponse to Shri.K.R.Sainiji.
    My intention is not to enter into any altercation with anybody.I would like to know on the following from those who still stick to the point that GOO is our master who entered into SBI stealthily during the period of Shri.TR.Varadachari as chairmen without any legal sanction.
    1) As per SBIEPFR ANY AMENDMENT SHALL BE DONE BY 2/3 MAJORITY OF BOTH THE HOUSES OF PARLIAMENT.WHETHER IT WAS OBSERVED IN AMENDING THE SBIEPFR IN 2014,?
    2) Such amendments shall be for improvement in pension benefits without prejudice to the existing benefits.As such any executive order/parliament legislation even with full hose majority , is null and void, as the amend ment is for 40%/50% pension..Further the date of pension starts from date of retirements and it cannot be shifted to future date for pensionery benefits .
    3) in view of above the amendment/ Gezette notification by GOI/ Bank cannot stand before law which is being tested its legal sanction by GOP in their WP.
    With regards,
    K.V.Lakshmanan.
    2

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  11. Shri K.V.Lakshmanan Comment is totally genuine and 100% Legally correct. But unable to understand why these stands has not been added in Suit and plaintiff. May Shi Lkshmanan may not joint the case for the benefit of all. Who is actually handling the cases and what is the contact details of Advocate on behalf of Pensioners. Is there any platform where all the Pensioner get united and pay some extra fund for legal expenses and all the cases is Refiled/addition in plaintiff . As I still believe that the case is filed without going through Deeply in rout cause of problems. One employee Retires in 2007 and One Retired in 2010 and You will find that there is huge difference in Pension. Why not One cadre One Pension demand is being raised. Any time any Year all the Pensioners should first be fixed on One Rank and One Pension and after that all the Revision should be made simultaneously with the Bipartite Agreement of Regular working employee.. Although the Fight will be tough but not impossible if a proper platform is being made under information to all the Pensioners to contribute.

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    1. I HAVE WRITTEN THIS WRITE UP ON THE GAZETTE NOTIFICATION DATED 4.10.2017 NOTHING MORE THAN THAT.IN THIS CONNECTION PLEASE REFER TO REGULATION 2(I) WHICH SAYS THAT FROM 1ST SEPTEMBER,1978 ”SALARY” OR ”SUBSTANTIVE SALARY” SHALL INCLUDE OTHER EMOLUMENTS OR SUCH PORTION THEREOF OF A MEMBER AS MAY FOR THE TIME BEING BE PERMITTED BY THE BANK TO RANK FOR SUPERANNUATION BENEFITS UNDER RULES OF SERVICE APPLICABLE TO THE MEMBER.
      ALSO REFER TO CENTRAL OFFICE CIRCULAR PER:IR:9/25 OF 1995-1996 WHICH DEFINED AS UNDER—-
      ADVANCE INCREMENT/FIXED PERSONAL ALLOWANCE:ON ACCOUNT OF COMPUTERISATION.
      SUCH OF THOSE OFFICERS WHO ARE ELIGIBLE FOR ADVANCE INCREMENT BUT COULD NOT BE GRANTED AS THEY ARE ON THE MAXIMUM OF SCALE OR ARE DRAWING STAGNATION INCREMENT(S) AS ON 1.11.1993,SHALL DRAW A FIXED PERSONAL ALLOWANCE W.E.F 1.11.1993.
      THE INCREMENT COMPONENT OF FPA SHALL RANK FOR SUPERANNUATION BENEFITS.
      PROFESSIONAL QULIFICATION ALLOWANCE(W.E.F 1.11.1994)
      OFFICERS WHO HAVE ALREADY REACHED THE MAXIMUM IN THE PAY SCALE SHALL BE ELIGIBLE FOR PROFESSIONAL QULIFICATION ALLOWANCE AS UNDER(W.E.F 1.11.1994)
      (I)THOSE WHO HAVE PASSED PART I CAIIB
      ONE YEAR AFTER REACHING TOP OF THE SCALE RS120/PER MONTH.
      (II)THOSE WHO HAVE PASSED BOTH PARTS OF CAIIB.
      (a)ONE YEAR AFTER REACHING TOP OF THE SCALE RS120/PER MONTH.
      (b)TWO YEARS AFTER REACHING TOP OF THE SCALE RS300/ PER MONTH.
      NOTE REVISED PROFESSIONAL QUILIFICATION ALLOWNCE SHALL RANK FOR DEARNESS ALLOWANCE,HOUSE RENT ALLOWANCE AND SUPERANNUATION BENEFITS.
      FURTHER KINDLY NOTE THESE ALLOWANCE S ARE NOW CALLED FPP AND PQP W.E.F 1.11.1999.
      K.R.SAINI

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      1. FOR THE INFORMATION OF 6TH AND 7TH BIPARTITE RETIREES ,I AM ADVISING THE INCREMENT COMPONENT OF FIXED PERSONAL PAY AS UNDER——–
        FOR 6TH BIPARTITE RETIREES
        SCALE INCREMENT COMPONENT
        I RS230/
        II TO V RS250/
        VI RS300/
        VII RS400/
        FOR 7TH BIPARTITE RETIREES
        SCALE INCREMENT COMPONENT
        I TO III RS340/

        SCALE IV RS380/
        SCALE V RS380/
        SCALE VI RS420/
        SCALE VII RS600/
        K.R.SAINI

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  12. Dear Shri.Kedar Math Agarwal,
    I hope this mail finds you in good health.
    Probably you may not be aware of the WP filed by Group Of pensioners( GOP ) in DHC in September 2016, all relevant facts about SBIEPFR and related settled laws by HCs and SC in this regard besides bringing it to the notice of court that how SBIEPFR is protected statutarily under Article 14 of the constitution of India. This has been done by the God sent saviour Shri.P.P.Ramachandra Upadyaya a rtd..GM at Mysore and the case was filed by Shri.Umesh Sharma a rtd. GM at Delhi .For this purpose contribution from pensioners was collected in 2016, and we received good response and able to collect the required amount towards legal expenses and our Advocate is Mr.Alex and his team.
    Our prayer in the WP is as under;
    1) 50% of pension for ALL,
    2) 100% DAnutrlisation,
    3)Updation of pension on each wage revision,
    4) 18% interest for delayed payment of arrears, and,
    5) 30% family pension.
    The case is on its final stage and final hearing is on 23 -10- 2017.
    With regards,
    K.V.Lakshmanan.

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    1. Thanks Shri Lakshmanan for quick response. I want to know whether the Updation has been demanded from the date of last updation which is perhaps above 2o years. Next what is your views about how the gap created on each Bipartite. Will the Need of One Rank One Pension like army can be given. Pension of Retirees after 2013 are some how better which are worst for Old Retirees. Lot of GM Level Pensioners are getting Pension Less than Class 4 which is Sucidical keeping in views of Present position. Why SBI giving Medical facility on Huge Premiums. Whenever even in State Govt. Employees where is Corporation are in Very Big losses But the Retirees are being full and Huge Medical Bills like Heart surgery and Cancer treatment where the expenses has No Limits.

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      1. CONCLUSION
        IT WOULD BE OBSERVED FROM THEABOVE THAT RS 14240/,OR RS6833/OR,RS 7120/AND RS 21040/(RS21040/IS OF 8TH BIPARTITE PAY SCALES) ALL THESE FIGURES ARE BASIC PAY IN THE PAY SCALES OF BIPARTITE SETTLEMENT AND GAZETTEE NOTIFICATION IS ON SUBSTANTIVE SALARY .AS SUCH BANK HAS TO INCLUDE 1/2 OF PQP AND 1/2 FPP IN THE CUT OFF POINT OF RS6833/AND RS7120/AS IN THE CASE OF 8TH ,9TH AND 10TH BIPARTITE RETIREESWHILE MAKING FINAL PAYMENT TO 7TH BIPARTITE RETIREES.
        LET US HOPE FOR THE BEST.TRUST ON GOD.
        K.R.SAINI

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  13. Dear Shri.Kedar Nath Agarwal ,
    In our GOP WP we have prayed for 50 % pension , DA neutralization, Updation of pension, for all without specifying, bipartite retirement period.Further we also prayed for pension without ceiling, as SBIEPFR has not specified pension ceiling and it says pension shoulde be paid at 50% of the 12 months average basic.Hence the retirees should get on the 12 monts average according to the scale they belonged when they retired.
    As regards insurance , it is Bank’s welfare scheme for it’s retirees, and not part of SBIEPFR hence we have no say in this.It is at the sole discretion of the Bank.
    With regards,
    K.V.Lakshmanan.

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  14. Dear shri.Kedar Nath Agarwal,
    Kindly let me know your email id if don’t have any objection, as I want to forward an important email received by me from shri.PP.Ramachadra Upadyaya the leader of GOP case .

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