BANK RETIREES NEWS--Pension:KASAVAJHALA KUMAR

Your PENSION may get doubled, if  Govt accepts the recommendations of IBA.  Go through the following post:

[25/03 6:20 am] Nagendra Kumar New York: An imp msg received from Shri  H. I. Jani, ( AGM rtrd. and Asso. Activist) forwarded for info.

FOR INFORMATION OF ALL PENSIONERS
Forwarded as received:-

OROP.. LEGAL HELP..
Xxxxxxxxxxxxxxxxxxxxxxxxx
Mr Dushyant Dave, President of Supreme Court Bar Association has said that all 21 Lawyers of the SCBA are ready to represent the Veterans in SC on OROP Pro- Bono (Pro-Bono means without cost to the applicant)
THIS IS AN IMPORTANT MESSAGE IN RETIRED BANKERS GOOGLE BLOG
Dear friends,
It is surprising that a land mark judgement delivered by the Supreme Court of India on 01 07 2015, Civil Appeal no. 1123 of 2015 has gone unnoticed and except for a brief letter from Shri S R Sen Gupta to IBA, no other union has taken any steps. The salient features of the judgement:
1. The bench has authoritatively ruled that Pension is a right and the payment of it does not depend upon the discretion of the Government. Pension is governed by rules and a Government Servant coming within those rules is entitled to claim pension.
2.The judgement has recognised that the revision of pension and revision of pay scales are INSEPARABLE.
3.The bench has reiterated that on revision the Basic pension cannot be less than 50% of the Basic Pension in the minimum of the Pay Band in the revised scale corresponding to the pre-revised scale.
4.The government CANNOT take a plea of financial burden to deny legitimate dues of the pensioners.
5.The Government SHOULD AVOID unwarranted litigation and not to encourage any litigation for the sake of litigation.
6. When pension is upheld to be a right and NOT A BOUNTY, as a corollary to the averment that revision of pension and revision of pay scales are INSEPARABLE, upgradation of pension is also a RIGHT AND NOT A BOUNTY.
THE JUDGEMENT IS BASED ON THE DECISION ON D S NAKARA CASE.
The above details are available in the latest issue of Canara Bank Retired Officer's Association Circular no 3/2016 dated 1st August 2015.
The judgement is very clear and I wonder how no one has noticed the important aspects and why no one has taken up the matter with the IBA/Govt.
Why no one has reacted to the judgement is surprising and perplexing.
While agitation is on why can't we take recourse to court also as Supreme Court advocates are offering their services. One ruling by SC that govt can't deny pension for lack of funds regarding OROP every year and VRS case
Dear Citizens

Forward this msg to a minimum of twenty people on your contact list; and in turn ask each of them to do likewise.

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This is one idea that really should be passed around.
[25/03 6:20 am] Nagendra Kumar New York: The Message as Received:

The brief details of which were given in the meeting of Management Committee of AIBPARC held on 13/14 March 2016 at Hyderabad by none other than by Mr Murali (NCBE-SBI) convenor of UFBU himself as under:-
(1) the issue of grant of 100% DA neutralisation to pre-2002 retirees and (2) improvement of Family Pension from 15% to 30% is likely to be settled soon as IBA is likely to put up positive note to this effect before its Managing Committee's Meeting to be held in the 1st week of April,16. Once, the note is approved by IBA and forwards the same to Govt., for its approval, we may get some good news before April end.
(3) the issue of grant of another options to opt for pension to employees/officers who resigned after putting in 20 years of service is also under active consideration of IBA.
(4) with regard to updation of pension, the IBA has called for data from all banks. All banks, except 4 are reported to have submitted the required data to IBA,  which is being studied by Actuaries appointed by IBA. Once, the quantum of financial load is calculated, the IBA will initiate further talks, as already promised by them. Mr Murali had also shared another proposal, in which they have suggested that IBA may merge 4440 points of DA with basic pension of all old retirees, which may result in marginal increase in pension of old retirees.
(5) So far extension of facility of  Domiciliary Treatment to retirees under NMIS is concerned, it was told that IBA had a meeting with top management of UIICO and convinced them to restore the facility immdfistely as originally agreed by them. It is reported that IBA is likely to come out with a detailed circular on the same shortly. With this favourable development, retirees may start getting domiciliary medical treatment facilites as originally promised.

Other than these points, the members were also made aware about the recent developments, which took place in banking industry such as:-
1. The banks have been directed by Govt., not to hold interviews for recruitment  of clerks and sub-staff.
2. The Govt., has also directed banks not to designate senior most GMs as Chief General Managers.
3. The banks have also been directed not to purchase cars of high value and not sell cars to retiring executives at depreciated value with immediate effect.
4. Fresh guidelines have been given to banks for creating posts of GMs, DGMs and AGM. As per new guidelines,  The ratio of GM/DGM/AGM shall continue to be 1:3:9. However,banks may use their discretion to fix the number of GMs below the prescribed number.
5. The bank fixing rates on advances as per new guidelines, the int.rate on loan on pensioners may also be fixed at BR+1,5%.
6. The injunction granted in case filed in H C Madras by AIBOC in WP 14126/2008 on perk value of furniture etc still holds good and affected members, if any, may take relief  unanimously. ★★