Supreme Court Dismisses Plea Challenging 'Logical Discrepancy' Category Applied By ECI In West Bengal SIR
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To all affiliated Units.
Dear Comrades
At last, the long and patient wait of PSGI family pensioners has come to an end. The Government of India has now issued the gazette notification granting enhanced family pension at a uniform rate of 30% of the last drawn pay, without any ceiling, to the family pensioners of PSGI Companies effective from 11.02.2026 [Notification No. SO 719(E) dt. 11.02.2026]
As all are aware, AIIPA has been representing the issue of increased family pension to Insurance Pensioners at par with pensioners of other sectors for the last several years. We organised conventions, demonstrations, dharnas etc. to draw the attention of powers that be. AIIPA units approached about one hundred MPs of various political affiliations and enlisted their support to our cause. A delegation of AIIPA, accompanied by Com John Brittas, MP met the Hon'ble Finance Minister, Smt. Nirmala Sitharaman on 02.08.2023 urging upon her to accord sanction for the benefit recommended by the Board of LIC of India and the Governing Body of GIPSA in September, 2019 and December, 2021 respectively. The Finance Minister reacted that the Government would not stand in the way, if the respective managements had no objection.
But to our dismay, the Government granted the increased family pension only to LIC pensioners with effect from 11.09.2023, leaving out family pensioners of PSGI Companies without any valid reason. We have been approaching all the authorities concerned ever since to end the discrimination. We addressed letters to the Union Finance Minister, the Chairman, GIPSA and the Secretary, DFS requesting them to consider grant of this benefit to PSGI pensioners without further delay. In the meantime, AIIPA conducted agitations to mount pressure on the management and government. We met Chairman, GIPSA several times to press the demand.
A delegation of AIIPA comprising Coms. Satanjib Das, M. Kunhikrishnan and J. Gurumurthy met Shri Parshant Kumar Goel, IAS, Joint Secretary of Department of Financial Services at New Delhi on 27.03.2025 and urged him to accord expeditious approval. The Joint Secretary, DFS, informed the AIIPA delegation that the increased family pension would be granted once the wage revision question is settled and expressed hope to resolve the issue by 30.04.2025. We impressed upon him the necessity to de-tag the family pension issue and to notify it without delay considering the long suffering of family pensioners and the nature of pension being paid through annuity process that might impact on effective date. He appreciated our arguments and assured to consider issuance of gazette notification separately for grant of increased family pension if the wage revision process was delayed.
As recently as on January 21, 2026, a delegation of AIIPA comprising Coms M.Kunhikrishnan, J.Gurumurthy and D.Krishnamurthy met Smt Girija Subramanian (Chairperson, GIPSA) at Mumbai and sought her urgent intervention to break the stalemate. She assured that DFS approval would be obtained on priority and we would get the happy news very soon. The Press Information Bureau of Ministry of Finance vide its Press Release dated January 23, 2026 has since confirmed DFS approval for the agreed Family Pension increase along with the agreed wage revision.
As a result of this Notification, out of a total of 15,582 existing family pensioners in PSGICs, barring 967 family pensioners (in class 4) who are already receiving 30% of last pay, 2,745 family pensioners who are receiving 20% and 11,870 family pensioners who are now receiving 15% of last pay (2745+11870=14,615) will get their family pension revised to 30% with effect from the date of notification, viz 11.02.2026.
We are exploring feasibility of getting the increased family pension benefit through annuity at least from 01.04.2025 (start of the financial year) or a one time lumpsum payment in lieu of arrears. This demand has been placed before Chief Executive, GIPSA on 10.02.2026.
We congratulate the JFTU of officers and employees of Public Sector General Insurance Companies for achieving a decent wage revision effective 01.08.2022, despite all odds. AIIPA takes pride in being part of the JFTU struggles all along. Those of PSGIC retirees who retired after 1.8.2022 will get wage arrears for the period upto the date of their retirement and re-fixation of pension with arrears of commutation difference (non-taxable). AIIPA shall follow up for release of these benefits without delay.
With greetings,
Comradely yours,
General Secretary..
ALL INDIA BANK OFFICERS ASSOCIATION
Circular No.8/VIII/2026 10.02.2026
To:
ALL STATE COMMITTEES / AFFILIATED UNITS
Comrades,
In the background of the introduction of Pension in lieu of Contributory Provident Fund in RBI in 1990, the need and the necessity were felt by the workforce in our industry also for securing the same as one of the service conditions.
2(a). The settlement signed under ID Act 1947 clearly laid down the clause for up-dation and other issues connected with the Pension regulations, which is as under:
"Provision will be made by a scheme to be negotiated and settled between the parties to this Settlement by 31st December 1993 for applicability, qualifying service, commutation of pension, family pension, updating and other general condition etc., on the lines as are in force in Reserve Bank of India"
"In respect of employees who retired between 1st day of January 1986 but before the 31st day of October 1987, basic pension and additional pension will be updated as per formula in Appendix I"
Amendment carried out after 2002 in the above regulation is as under:
"Basic Pension and additional pension where ever applicable shall be updated as per the formulae given in Appendix -I"
a point wise reply in the WP 710/2009 filed by Mr. Arvind Ganesh Karnik and others and file the same in the Hon'ble High court of Bombay. As per the operative portion in the said reply filed by DFS,GOI, MOF, Rs 1034 Cr was required for updating the Pension in Public Sector Banks excluding SBI.
…………."IBA further informed that the committee set up to look into the matter of Pension up-dation of PSBs has submitted its report to the Hon'ble Supreme Court and the matter is subjudice"
In securing the up-dation of pension, every effort should be made to envelope all organisations of Bank retirees on priority.
Yours comradely
/S.NAGARAJAN/ GENERAL SECRETARY
Please find attached statement of arrears from Nov 2022 to Jan.2026 as per latest revision in RBI. Also attachedOur Saga of struggle after March 2019 revision till today.As regards 𝐑𝐁𝐈 𝐟𝐨𝐫𝐦𝐮𝐥𝐚 we advise that it may not be demanded in your inastitution.𝐊𝐞𝐞𝐩𝐢𝐧𝐠 𝐢𝐧 𝐯𝐢𝐞𝐰 𝐜𝐨𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧𝐬 & 𝐒𝐂 𝐉𝐮𝐝𝐠𝐦𝐞𝐧𝐭𝐬 𝐥𝐢𝐤𝐞 𝐍𝐚𝐤𝐚𝐫𝐚 𝐜𝐚𝐬𝐞 +𝐌𝐚𝐧𝐢𝐩𝐮𝐫 𝐒𝐭𝐚𝐭𝐞 𝐩𝐞𝐧𝐬𝐢𝐨𝐧𝐞𝐫𝐬 𝐜𝐚𝐬𝐞 𝐲𝐨𝐮𝐫 𝐂𝐨𝐮𝐧𝐬𝐞𝐥 𝐦𝐚𝐲 𝐩𝐥𝐞𝐚𝐬𝐞 𝐚𝐫𝐠𝐮𝐞 .𝐈𝐧 𝐑𝐁𝐈 𝐰𝐞 𝐡𝐚𝐯𝐞 𝐚𝐜𝐡𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐬𝐨𝐦𝐞 𝐞𝐱𝐭𝐞𝐧𝐭 𝐛𝐮𝐭 𝐬𝐭𝐢𝐥𝐥 𝐭𝐡𝐞𝐫𝐞 𝐢𝐬 𝐭𝐫𝐞𝐦𝐞𝐧𝐝𝐨𝐮𝐬 𝐠𝐚𝐩. 𝐖𝐞 𝐡𝐚𝐯𝐞 𝐧𝐨𝐭 𝐛𝐞𝐞𝐧 𝐠𝐢𝐯𝐞𝐧 𝐫𝐞𝐭𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞 𝐞𝐟𝐟𝐞𝐜𝐭 𝐟𝐫𝐨𝐦 𝐍𝐨𝐯.𝟐𝟎𝟎𝟐.𝐁𝐞𝐝𝐬𝐢𝐝𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐦𝐨𝐭𝐡𝐥𝐲 𝐩𝐞𝐧𝐬𝐢𝐨𝐧 𝐧𝐨𝐭 𝐚𝐬 𝐩𝐞𝐫 𝐭𝐡𝐞 𝐀𝐫𝐭𝐜𝐥𝐞 𝟏𝟒 𝐬𝐢𝐧𝐜𝐞 𝟏𝟎% 𝐟𝐨𝐫𝐦𝐮𝐥𝐚 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐠𝐫𝐚𝐧𝐭𝐞𝐝.𝐖𝐞 𝐚𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐦𝐩𝐥𝐚𝐭𝐢𝐧𝐠 𝐭𝐨 𝐠𝐨 𝐭𝐨 𝐭𝐡𝐞 𝐒𝐂 𝐟𝐨𝐫 𝐣𝐮𝐬𝐭𝐢𝐜𝐞 𝐢𝐧 𝐭𝐞𝐫𝐦𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐫𝐭𝐢𝐜𝐥𝐞 𝟏𝟒 𝐚𝐧𝐝 𝐫𝐞𝐭𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞 𝐞𝐟𝐟𝐞𝐜𝐭 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐝𝐚𝐭𝐞𝐬 𝐨𝐟 𝐫𝐞𝐯𝐢𝐬𝐢𝐨𝐧 𝐨𝐟 𝐰𝐚𝐠𝐞 𝐬𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐑𝐁𝐈.𝐀𝐬 𝐬𝐮𝐜𝐡 𝐪𝐮𝐨𝐭𝐢𝐧𝐠 𝐑𝐁𝐈 𝐟𝐨𝐫𝐦𝐮𝐥𝐚 𝐢𝐬 𝐝𝐢𝐬𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬 𝐭𝐨 𝐲𝐨𝐮.𝐈 𝐚𝐦 𝐚𝐝𝐯𝐢𝐬𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐢𝐧 𝐲𝐨𝐮𝐫 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐏𝐞𝐫𝐡𝐚𝐩𝐬 𝐑𝐁𝐈 𝐟𝐨𝐫𝐦𝐮𝐥𝐚 𝐆𝐎𝐈 𝐰𝐢𝐥𝐥 𝐠𝐥𝐚𝐝𝐥𝐲 𝐚𝐜𝐜𝐞𝐩𝐭.𝑷𝒂𝒓𝒂𝒃 𝑳𝑹𝐆𝐞𝐧. 𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐲𝐀𝐈𝐑𝐁𝐑𝐄𝐀9th Feb 2026
Our AOR Mr. Garg to mention before Justice J. K. Maheshwari tomorrow (10.2.26) for early hearing keeping it on top of the board. S. K. Awasthi Gen Secy.
'Won't Allow Any Impediment In Completion Of SIR, All States Must Understand ': CJI Surya Kant
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BREAKING | Supreme Court Directs Extension Of West Bengal SIR Deadline, Clarifies Micro-Observers Can't Pass Orders
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CBDT seeks stakeholders' inputs on proposed Income-tax Rules and Forms related to Income Tax Act, 2025 As part wider consultative process, CBDT has launched a ut
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