Dear friends,
We
have to base our arguments on MOU dt 29/10/1993 signed by IBA and
AIBEA.The MOU clearly provides for parity of DA formula with that of
RBI(clause6) and updation of pension as per clause 12 of the same
MOU.Mou was signed by IBA as authorised negotiating agent of the
banks.The MOU was ratified by other unions subsequently.
IBA
quotes all settlements convenient to it but never talks about MOU
signed by it in black and white.Probably to counter the MOU ,Record note
was signed to bury the Rights of Pensioners.Record Note is a deeply
meditated conspiracy by IBA and UFBU.
After
having signed the MOU it is backtracking from it like an illiterate
person saying that the same is not approved by MOF or GOI.This is quite
absurd and untenable.Principal(banks) are bound by the actions of their
(Agent) and the banks have to fulfil the written commitment given by
IBA.
On the same basis,Singlejudge of Kolkatta High court gave favourable judgement in case of 100 percent DA neutralisation.
Updation of pension must be treated as part of pension as per latest Judgement of SC dt 01/07/2015.
Next
comes Judgement in case of Nakara case which says that any improvement
in pension must be given to old pensioners also without any cut off
date.
ANYWAY SLP is to be filed and final decision to be obtained in Supreme Court.
With regards,
P B Sarma.
Regards,
E.R.Iyer
