Journey and Mission of Pension Updation
Dear All
The journey of Pension Updation commenced in the year 2007 and a write up of Our Efforts in this direction is given below:
Mr.K.V.Acharya after settling down at Gurugram after His retirement called us to find out the correspondence relating to Pension Updation. We looked upon the Library of IOBOA and could lay our hands on a book published by Late Com.R.N.Godbole about pension scheme in banks. In that book there was a letter from IBA to Him stating that the pension scheme in banks is in line with RBI Pension Scheme and Central Govt.Pension Scheme. Taking a cue from it we launched our mission of Pension Updation .ARISE took upon itself the big task of mission of pension updation. We after threadbare discussions among ourselves decided to file a case in Delhi High Court through our members and (later on we impleaded) on 100% D.A.Neutralisation to pre November 2002 retirees, Different index merger for reckoning Basic Pension(1616-1684 points) and Pension Updation. This case is still pending in Delhi High Court.
You all know that 100% d.a.Neutralisation for pre November 2002 Retirees got resolved prospectively after meeting Finance Minister by AIBPARC Team.
Likewise the anomaly of basic pay fixation at 1616 points instead of 1684 points in 1998 settlement got corrected in the next wage revision (8TH Bipartite settlement) prospectively with effect from June 2005.Later on Hon’ble Supreme Court delivered the judgement on 18ht February 2018 in respect of this anamoly and many of the retirees who retired on Superannuation as well who took Special VRS got the arrears from their date of retirement. In the meantime an SLP was filed in Supreme Court by Late M.C.Singla and others.
Having seized of the matter we from ARISE took a conscious decision to implead ourselves in the case and our Representative Mr.D.K.Hans was authorized to sign necessary papers on behalf of Us.
We also continued our journey of pension updation. AIBPARC was founded in 2012 . We took upon this cause through this organization by holding Dharnas in Jantar Mantar many times as well in State capitals to popularize and as well create an awareness among our own Retiree comrades bringing out the disparities and our right to Pension Updation.
While drafting reply to to IBA’S affidavit to our plaint in Delhi High Court case Mr.S.B.C.Karunakaran found out that a big change has taken place and Regulation 35(1) was amended in 2003. Here lies the catch and we started changing our stand to implement Regulation 35(1). We were looking out for the avenues available to us. Luckily Pension Updation was implemented to RBI Employees.
Mr.K.Chandrasekaran Of Indian Bank(State Secretary of AIBPARC) Could get the inputs of the methods adopted by RBI for pension updation. Then from the formula adopted by them we worked out our method of calculation in line with that of RBI method and for various Bipartite Settlements and Joint notes and the cost was found out. Here it is pertinent to mention that after seeing our calculations so many people adopting our method singing our tune. ARISE is the First Organisation to bring out the facts of method as well the cost which is unchallenged till date.
The Supreme Court proceedings were prolonging dates after dates. But the efforts put in by our Team in Delhi headed by Com.J.D.Sharma,Com.D.K.Hans and ComT.R.Subramanian has no parallel in the Retirees movement .KUDOS TO THEM. The entire cost of Court Expenses of Pension Updation was borne by ARISE (YOUR ORGANIZATION )
Mr. Sewaram, advocate, hugely associated with us incompilation of documents as well arguing effectively in the Supreme Court. We sincerely thank him.
October 15 th is a RED LATTER DAY for Bank Retirees and Pensioners as the case in Supreme Court hearing is concluded and the Counsels are asked to to submit their written brief in 2 weeks time. Let us Hope and pray that the verdict will be in our favour.
Published by ARISE CENTRAL UNIT TEAM
3 comments:
Even a member or of so called 85% strong anti-worker, anti-promotion, anti-pension and its upgradation AIIEA/ AIIPA in their unofficial blog states " As per my memory, AIRIEF, (Miniscule and derided by them till now) with the help of an independent director, in 2001, introduced a resolution demanding pension revision with every pay revision. The then Chairman Sri. Bajpai replied that revision as demanded in the resolution is not affordable to LIC. But he said creation of different groups of Pensioners with every pay revision causes administrative inconvenience. So he promised to bring another resolution to unify DR rates of all pensioners, giving some relief to the old groups. Accordingly a resolution brought by him in the DB Meeting of 24-11-2001 was passed unanimously." He had not stated the fact that in 1994 then chairman MG Diwan told that he will not preside over liquidation of LIC for want of 12000 crores the value at that time, present value of it may be 8 times ie., 96000 crores to implement pension scheme like PSBs. AIBEA welcomed it, while AIIEA to scuttle it proposed 3 benefits against 2 benefits of pension and gratuity only and not corp's contributed pf. Many Licians accepted pension option and only sychophants opted PF option who also reverted later after two offers. Many are pleased to call LIC as "ANNADATA" and stated that commutation of 1/3 basic pension itself is equal to PF and whatever received as pension without updation is 3rd benefit and appreciate AIIEA fot its foresight supporting unaffodability fogetting 25000 unit employees died without pension on denial of "Oriental life/SBI like pension for 37 years. At the cost of repetition it is stated that Mentors of so called 85% strong financial sector in-service/pensioners supported corrupt UPA regimes for a decade without an assurance for pension upgradation to bring back the dynasties of present opposition parties with a virulent anti- BJP ideology. The members of AIIEA/ AIBEA never questioned their mentors about starvation/stagnanant wages without pension for 37 years during the rule of dynasty(now they say pension is sacrosanct) and abused a benevolent PM who gifted pension to working class and brought economic reforms which made them to get more than double the real wages and double the real pensions now. LIC pensioners are not bringing a fact of windfall profit of more than 10 lakh crores to the notice of SC benches about so far given to GOI by LIC by means of 96.5% shares, dividend for 69 years, brand value and difference between low book-value to market price in the case of real estate own acquired and a lot from private insurers after recouping 5 crores invested along with 12% return for 70 years say 15000 thousands+ crores by selling 3.5% shares actually with surplus. They never agitated for snatched TU rights under ID Act 1947 from 1981 and share a portion from additional wage increase for every 5 years and tagging most profitable PSU ie., LIC with bankrupt PSBs unlike SBI and loss making BSNL. No one can convince such conditioned pensioners who cheated their seniors every 5 years while in service with reasons. They will hear only what they want to hear. Let us await judgment of SINGLA case and arrears transferred as unearned income to their kin of those died in lieu of undue suffering while alive.
One had stated in the chat column unofficial blog of AIIEA/AIIPA as follows: It is an iron fist in a velvet glove ! The recent trend, in our country, of Gen Z/ Civil Societies/ Opposition parties taking to the streets,on important issues, appears to be fully justified. He as conditioned one refuses to see India is a great country compared to all Capitalist democracies/dictatorships. Only thing is that they want to dislodge democratically elected Modi regime and bring back a member of dynasty led by 3 persons which ruined our country including Emergency by means of anti-India foreign forces led by CJP.
They consider themseves Jack of all trades viz., all Gods of various religions, puranas, itihasas holy books of them, castes of forward and backward their food preferences, reservations in govt and education, various political /economic ideologies including varieties of scientific materialism, on panchayats to central govt, hair spliting on legal terms, judges from local courts to SC. But they are unable to know how to get back TU rights under ID Act 1947 and not least of all on pension which was gifted by a PM whom they consider worth to be abused.
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