Fwd: Neglect of Bank Pensioners demands & Proposed restriction on absolute pension for post 10/2012 bank pensioners ?

Dear All,

1)The news from AIBRF that IBA has done everything wrong  for pensioners so far ,is shocking & sickening to ENTIRE PENSIONERS FRATERNITY OF ALL ORGANISATIONS & INSTITUTIONS.

Daily,news were pouring in of each & every development in micro management of overall 15 % rise in wages agreed to by IBA from GS, Union Bank Retired Employees Assn, Rajkot Sri BGRaithatha,whose name is on the lips of everybody for his steadfast dedication to Pensioners & RBONC.This finale is also after a continued reminders, warnings, struggle ,strike by Employees at various turning points of fight to wrest from a measly rise in 1^st few meetings & talks to some respectable level.Remember,as always AIBRF presented the Charter of Demands,they discussed umpteen times among  various constituent Assns,many but yet methodically & cogently ,& month after month,progress was noticed, Employees & Pensioners sharing & caring, from lower level of equilibrium to higher level  of equilibrium,UFBU & others closeted & all appreciating the contents, issues & problems of pensioners on Full DR & pension upgradation et all.

2)Last few days ,the cat was out of the bag.Pensioners Fedns knew that UFBU is signing the Final Agreement with IBA in a few days time WITHOUT any finality or any clue when Retirees Demands will be discussed.We saw the exchange of strong communications,the simmering discontent out in the open,& after specific,clearcut letters to UFBU, a meeting with top functionaries of UFBU & a sort of a rapproachment with assurance that UFBU cares for the concerns expressed by pensioners & their legitimate demands will be duly processed & met with.

3)i)Hardly has that feeling dried ,this sudden developments of ignoring Pensioners Demands,the DDay for signing 25^th May for  Employees  approaching ,without anyone caring to realize the sidetracking of pensioners genuine issues, & emotional distress  & also the news that post-10/2012 Pensioners absolute Pension will be reduced ,sends shock waves amongst all PENSIONERS of all Organisations.

ii)The news, if true, is RETROGRADE & EVEN anti-labour .An agreed Formula of Pension,released as PENSION RULES,1995,after prolonged talks then,whereby 50 % of BASIC PAY less 1/3 amount as  Commuted pension defined & treated as BASIC PENSION, & commuted pension to be restored after 15 years from date of retirement,still remains the BEDROCK.Why, Central Govt powerful Pensioners Fedns demands include 40 % as commutation & 12 years for restoration.Others also followed suit.If because of Wage Revisions, Pension amount increases,say at highest level ,Rs85,000 now,so Rs47,500less 1/3 commutation so,Rs33,333,   as against Rs52,000 earlier Charter for highest scale,so then Pension was Rs 26,000 less commutation, so Basic pension Rs17,333.Of course ,at lower levels, the difference will not be so glaring.That is why all pensioners pleaded for pension upgradation with every wage revision.Orgns cannot settle low wage rise just for that reason.

iii)BUT, to hear that IBA proposes to reduce absolute pension for post 10/2012,for banks the point when discrimination arose pre & post( as for insurance it is pre & post/8/1997),betrays backstabbing PLUS PERVERTED thinking & illegal & unconstitutional, in my humble opinion.Details are yet to be known.

4)i)UOI must be doing some –behind the scenes—activity.Feelers are sent ,a signal to stalemate pensioners progress & welfare,as though it is a non-entity.Talks of Sr Citizens welfare,amenities, preserving the standard of living & what not from podium & rooftops,but in practice, go slow, be strict Big Brother attitude prevails. Even for OROP ,with SC 5-Judge Bench presided over by then Hon then CJ.R.M.Lodha, like the Magna Carta  5 JUDGE Hon SC Bench Nakara judgement, 1983, of then Hon CJ Dr YVChandrachud,a watershed in PENSIONERS HISTORY  & ever so many dissertations in V CPC, VI CPC , CG implementing  in to to,for their employees/pensioners, State Govts following suit, PSUs of CG also follow the rule.

ii)OROP had many ups & downs,but now CG is implementing halfheartedly with date 1/1/2014 & not 1/1/2006 as ordered by SC Bench.Whither respect for Final SC Bench verdicts.CG  has adroitly described the favour, as Army pensioners , special line of work& assignment  & so deserved !

iii)T he 14^th Finance Commission has observed that "a potential fiscal liability may arise in the future with the introduction of OROP for Defence services. Though budget provision was made last year 2014-15,payment not made,so this payment be deferred to FY 2015-16,as cost rise estimated will be 6.6%.For insurance,Kurukshetra legal battle goes on for more than 12 years causing frustration ,with 3HCs admitting writs & dismissing appeals,Reviews, Special Leave petitions & 15,000 deaths of pensioners.Who will wipe the tears of the widow ?

5)Actually, Financial & Service Sectors are the engines of growth & render fullest support to Govt activities & plans but to deny to them, who are real Kamadhenu,without whose support, the entire Govt machinery will come to a standstill  is a  mockery of equity,justice & fair play.What sort of discrimination UOI can practice allowing such pension upgradation for ALL Govt employees & RELUCTANT to grant the same to other Financial & Service sectors. That was the reason why ALL GROUPS of pensioners must have same wavelength,without any dissonance , in the overall interest of entire pensioners fraternity & question any violation of sacred principles of dividing pensioners into heterogeneous groups subverting homogeneous pensioners as clearly & categorically enunciated in various SC verdicts.All have stated the outlay is moderate & does not adversely affect finances.NPS scheme has already come into being, so tapering will start & numbers of pensioners will steadily dwindle.At such juncture to deny & to do DOUBLE injustice to restrict absolute pension looks to be a high-handed threat,uncalled for, a bitter pill to swallow,defies any sane imagination & so must be rooted out & nipped in the bud.Bank employees & pensioners must stop this & act as enablers to thwart this UNHOLY principle & bring cheers to all pensioners.Therein lies Bank Fedns wisdom & equanimity.Whole country is watching with bated breath.

Like todays terrific IPL T20 eliminator where CSK a cool CaptainMSD  won by 3 wickets with 2 balls to spare, to enter Finals 24^th May with Mumbai Indians,let 25^th MAY 2015 announce Plans & progress for bank pensioners too

Greetings

R.B.KISHORE

VP,AIRIEF