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Monday, May 25, 2015

CHAT COLUMN TAKES WINGS


These one-liners in the Chat column 

reflect our accumulated memories and 

wisdom; they use the column 

for 'kite-flying'. 


  • Bank cartoon "smacks of bigotry", comments Perumal Maruthu
  • Chat-n-Chat column assumes importance, takes wings...


Sunday, May 24, 2015

BANK UNIONS SIGN AGREEMENT WITH IBA

Ashok Goyal

 
Future Retirees befooled to Lose as IBA inks Wage Revision 
 
In my every minute diary dated 24/02/2015 I had raised the issue of Retirees/Pensioners as the Bank Retirees Pension is freezed on retirement as it is not revised as per bipartite wage revisions between the IBA and the Bank Unions. One of the para of my earlier post dated 24/02/2015 read as under:

"While revising the wages, the pensioners are denied the benefit of revision as pensioners can not strike work to force the government to recognise their long unblemished service of 35 to 40 years. Pensioners would have not demanded any revision in their pensions had the cost of living been arrested by the Government. It is unjustified on the part of any government to freeze the pension of Bank Pensioners. One more interesting fact is that a person who took birth on 31/10/1952, due to God's wish and not his or her on choice, retired on 31/10/2012 will not get the pension as payable to his or her counterpart retiring on 01/11/2012 due to none of his or her fault. To remove such anomalies Government should revise the pension of bank pensioners on every wage revision."

As per the broad settlement inked by IBA with Bank Unions the final agreement was to be inked within 90 days that is up to 23/05/2015 along with residual issues including the issue of revising the pension of the existing retirees and pensioners. But the existing bank pensioners have been left high and dry to fend for themselves and the bank unions are likely to ink the final wage revision with IBA on or before 25/05/2015. I fail to understand the intentions of the Bank Unions and IBA to keep on deferring the final wage revision for 90 days. I think that Bank Unions and IBA do not like to make public the final agreement before signing so that the bank employees may not critically examine the settlement. In this era of "Right to Information" the bank employees have every right to know the blueprint of the final agreement well before signing it by the IBA with Bank Unions.

As per unconfirmed reports a new interesting scenario about the fate of future retirees has emerged and it has been inferred by calculative bank employees that future retirees of the banks will get lesser pension as compared to the retirees who retired on or before 31/10/2012. The IBA has thus killed two stones with one bird. The existing retirees who retired on or before 31/10/2012 will not press for revision of their pension as their pension will get reduced whereas the existing employees will be loser by getting lesser pension as per classic example below:

November 2012        
November 2012          
Shortfall or Surplus             
 9TH BIPARTITE
10TH BIPARTITE 
Not Applicable 
 B.PAY = 20100
B.PAY= 32850 
 NA
 B.PENSION=10050
 B.PENSION=16425
 NA
 DA=76.50%=7688.25
DA=10.90%=1790.32 
 NA
 LESS 1/3 = 3350.00
LESS 1/3 = 5475.00 
 NA
NET PEN = 14388.25
NET PEN=12740.32 
 (-) 1647.93



 MAY 2015
MAY 2015 
NA 
 9TH BIPARTITE
10TH BIPARTITE 
NA
 B.PAY=20100
B.PAY=32850 
NA 
 B.PENSION=10050
B.PENSION=16425
NA 
 DA=110.70%=11125.35
DA=33.70%=5535.22 
NA 
 Total = 21175.35
Total= 21960.22 
NA 
 LESS 1/3= 3350.00
LESS 1/3 = 5475.00 
NA 
 NET PEN= 17825.35
NET PEN=16485.22 
(-) 1340.13 




As illustrated above apart from injustice done to the existing bank retirees and pensioners without resolving their demands/issues - the IBA has, under 10th Bipartite Settlement, added insult to the injury of the future retirees as the negative impact of the settlement, as above, will result in lesser pension to post 30/11/2012 retirees but for the increase in commuted value of the pension.

Therefore it is time for the existing retirees and future retirees to join together and continue the fight against the mighty forces behind the denial of genuine demands of retirees.

BANK NEWS

UNION BANK RETIRED EMPLOYEES' ASSOCIATION


Subject :
​ Circular issued by Catholic Syrian Bank Retirees' Association​

    Please see the attachment. The Association is a classic example as to how retirees of a small Bank have built a big organization


2.

Attached please see the press statement issued by Shri R.S.Desai, Dy. General Secretary, All India Bank Retirees' Federation regarding 'Dharna' and signature campaign to be carried by the bank retirees to-morrow at Mumbai.

Yours sincerely,
B.G.Raithatha,
General Secretary

BANK NEWS

UNION BANK RETIRED EMPLOYEES' ASSOCIATION

Subject :
​ 10th Bipartite Settlement to be signed to-morrow​

    SMS received from Shri C.H.Venkatachalam, General Secretary, All India Bank Employees' Association reads as under.

"BIPARTITE SETTLEMENT BEING SIGNED TO-MORROW - 25TH MAY AROUND 11 A.M. VISIT OUR WEB SITE www.bankunionaibea.in FOR TEXT OF SETTLEMENT, ARREARS CALCULATION, SOFTWARE, ETC."  

Yours sincerely,
B.G.Raithatha,
General Secretary

LIC PENSIONERS ARE WE WAITING FOR SOMETHING?



 LET US COMMUNICATE - NOT HIBERNATE


Supreme Court is on vacation, High Courts function this week and close, Advocates are in no working mood, God knows what is happening in ‘Yogakshema’, if any and what are we the Pensioners doing? Waiting for something to happen?

Why not we communicate among ourselves, evolve some thoughts and prepare for the next stage? Let us shed inhibitions, agree where we can, respectfully disagree where we should and generally utilize the waiting time constructively.

I for one see the present (overall) state of things, as one of ‘advantage pensioners’. I base my assessment (tentative though) on how I see the predicament of LIC with reference to 7th May Order of Supreme Court. There is a ‘direction’ from the Apex Court (with clear time limit) to DO something. So two distinct scenarios can be visualized (pay hefty fee and obtain a legal opinion in writing from a big name, to back its action/inaction) A third scenario is theoretically possible but it will be wishful thinking to expect it to happen.

1. LIC does not attempt to make any payment to anybody. Try for cover through moving the vacation bench and manage some breathing time.

2. Act. In some manner, inventing its own formula and paying something to some people. Tell the Court when it is required to: ‘this was as per my best understanding of the 7th May Order.

3. The theoretical third scenario is that LIC pays to ALL the Pensioners, ALL that they are entitled to viz., 20% of the total dues arising from correct DR where applicable PLUS the revised Basic Pension on each wage revision. Leave aside interest for now.

As the second scenario is nearly impossible for execution and the third may get ruled out for obvious reasons, the first one (or something similar) is more likely.

In any event, Respondents/Petitioners/Employees have to ACT soon after the Six week period expires on 18th June 2015.

Petitioners/Pensioners also have options to choose from: Two scenarios are possible:

1. Wait and watch till 18 June 2015 and then decide what is to be done

2. Put LIC on Notice before 18 June on how we expect it to comply with the 7th May Order and thus prepare the ground for more serious action after 18th June (on SC reopening).

CAN WE ALL (PETITIONERS/CASE MANAGERS/ORGANIZATION NOMINEES AND WELL INFORMED ACTIVISTS) MEET AND DISCUSS POSSIBLE IMMEDIATE NEXT STEPS?

AROUND 8-10 JUNE 2015, ANYWHERE (INCLUDING HYDERABAD)

ONLY ONE PRECONDITION – NO DIGGING IN TO THE PAST.

ONE POINT AGENDA

WHAT SHOULD AND CAN BE DONE BY EACH OF US FROM NOW TILL 23RD SEPTEMBER?

ANY TAKERS?

M. Sreenivasa Murty

(Post published with the clear understanding that LIC PENSIONERS CHRONICLE will have no role to play in these matters. -Ed.)

Saturday, May 23, 2015

BANK NEWS

UNION BANK RETIRED EMPLOYEES' ASSOCIATION

​Shri S.C.Jain,
General Secretary,
All India Bank Retirees' Federation,
Indore (MP).

Sir,​

Reduction in monthly Pension of the employees retired ​after November,'12

In your last two / three communications you have mentioned that after implementation of the 10th BP Settlement, pension of the employees retired after November,'12 will be reduced. But, in fact, this happens with every Bipartite Settlement. The reason is, owing to increase in Basic Pay (by merging a portion of DA), commuted pension is increased and hence monthly pension is decreased. (Commutation increases commensurate to rise in Basic Pay).

Yours sincerely,
B.G.Raithatha,

General Secretary

BANK NEWS

UNION BANK RETIRED EMPLOYEES' ASSOCIATION

Shri S.C.Jain,
General Secretary,​
​All India Bank Retirees' Federation,
Indore (MP).

Sir,

Memorandum to be submitted to Chairman, IBA on 25th May,'15​
Expeditious and timely steps being taken by AIBRF are really appreciable.

Received the draft Memorandum dated 21.5.'15 with your e-mail of to-day. It is, therefore, impossible to obtain signatures of the retirees and send the same to you before 25th May, when you have to meet the Chairman, IBA.

However, we shall do it, if you will tell us to collect the signatures on the Memoranda and send the same to you at a later date, so as to enable you to forward the same to the Chairman, IBA by post. But for that purpose atleast one month's time should be given to the affiliates. ​

In the meantime, I forwarding your e-mail and and its attachment (draft memorandum) to all the regular recipients of our Association's e-mails.

Yours sincerely,​

B.G.Raithatha,
General Secretary

A great escape !

BJP Leader 
Subramanian Swamy 
Almost Ties the Knot 
at Wedding

Press Trust of India | Updated: May 21, 2015 00:18 IST

Tirunelveli:  BJP leader Subramanian Swamy today found himself in an awkward situation while presiding over a wedding in Tirunelveli in Tamil Nadu when he inadvertently appeared to be on the verge of tying the mangalsutra instead of handing it over to the groom.

Dr Swamy was presiding over the wedding of a party colleague at a temple when the faux pas occurred.

Reunion thru Chronicle

DAMOCLES' SWORD

Dear Editor,

This is with reference to the above article of Sri P Mohanji.

In the illustration, the benefit of INCREASE in lumpsum commutation amount to be received is completely ignored whereas its impact on Net Pension is high-lighted !

To avoid consequential increase in Load on Pension, IBA offered only 2% increase on Basic Pay of serving staff out of the 15% agreed ! But there will not be any reduction in the Gross pension!

One of the demands of UFBU is 40% commutation.
If the same is acceded to by IBA, there will be further reduction in the Net Pension of those who retired after 1/11/2012!

Just as this can't be called INJUSTICE, the present depletion in Net pension can not be also called injustice as in both the cases the Gross Pension will be higher and no one can find his Gross pension is lesser after the Settlement!

"Grade-Pay/Speacial Allowance" not qualifying for Pension benefit is a legitimate grievance, no doubt! But Unions have their limitations and constraints! 
But the commutation benefit is blissfully ignored by everyone!

Historically, Bankers had an average of only about 600Points Merger but 10th BPS has secured more than 1500Points Merger bringing Three Times higher pensionary benefits in Commutation and Pension for those who retired /retire in 10th BPS.
(6th BPS had 548 Points Merger, 7th BPS 536Points, 8th 604Points, 9th 548Pts,and 10th has 1604Points,the highest ever!)

In the 7th BPS, due to paucity of Funds, the serving Unions took an anomalous and a bizarre decision to lower the Merger at 1616 for the Retired against  1684 offered for the serving staff which was rectified in the 8th BPS forcing the Pensioners to lose the differential benefit of 68Points in commutation and monthly Pension!

Such a tragic situation has not been allowed to happen this time ;instead, huge commutation benefit and increased Gross Pension have been secured!

Therefore, the reduction in Net Pension consequent to higher Commutation is a temporary phenomenon and future increase in DR can equalize/compensate the same.

But Pensioners have far serious Issues to be resolved in this Settlement!
  • About one lac pre-1/11/2002 retired pensioners are losing every month huge amount ranging from Rs3000 to Rs 9500 by way of non-restoration of 100% Neutralization!
  • Three Lac pensioners are denied updation!
  • About a Lakh of Family Pensioners are languishing in poverty receiving only less than Rs12000/PM
  • No Medical/Hospitalization scheme!
  • Bank Pensioners and their Unions have to concentrate more on the serious Issues!
  •  Bank Pensioners  are expecting favourable  outcome of the Settlement to be signed on the 25th May!

DAMOCLES' SWORD

BANK NEWS

UNION BANK RETIRED EMPLOYEES' ASSOCIATION

Friends,

Subject :
​ Letters written to Finance Minister and IBA 
by Forum of Retired Bank Employees (HQ:Pune)​ 
ventilating bank retirees' demands

    The e-mail and its two attachments received from the above referred organization are forwarded herewith. 


Yours sincerely,
B.G.Raithatha,
General Secretary

Damocles' sword

Dear Mr Gangadharan,


  • Referring to the  comparative calculations given by Mr P Mohan, the so called reduction in  net pension is not real as a post 11/2012 retiree  also receives the difference in commuted pension along with arrears of difference in pension. As a result the deduction towards the higher commuted value of pension is  bound to be higher. The gross   monthly pension is more than the pension received by a similarly placed pre-Nov 12  retiree.So there is no Damocle's sword hanging in the latest dispensation as feared.


Greetings.
C H Mahadevan

Friday, May 22, 2015

BANK NEWS

UNION BANK RETIRED EMPLOYEES' ASSOCIATION

To
​Shri R.K.Powar,
General Secretary,
Union Bank Retirees' Association (Maharashtra).​

Dear Comrade,​
Pension Option to Resigned, Compulsory Retired Employees, etc.​

    Received your Circular No.10 dated 22nd May,'15.

    As informed to you earlier, the two Union Bank Retired Employees' Associations functioning in Gujarat have already filed a Joint Petition in Gujarat High Court before about four years for pension to Resignees. Our nine effected members are the co-petitioners. So far as I remember, copies of our petition, Bank's reply, etc. were sent by me to Shri Dinesh Vengurlekar, Chairman of your Association. The matter is still pending at the admission stage in Gujarat High Court. There is heavy back log of cases in High Court of our State.

    We are in touch with Shri R.K.Pathak, Advocate, Pune and according to his guidance we have requested our Advocate to file some amendments in the petition. 

    None of the Compulsorily Retired Employees have approached our Association to take up his case for pension option.

    So far as I know, citizens residing in one state cannot file petition in High Court of other State. However, you may confirm this from Shri Pathak.

    Moreover, in most of the cases, judgments, even if favorable, are made applicable only to the petitioners and not to all other similarly situated persons. Therefore, I opine, those who are seriously interested for legal remedy, should invariably file petitions or join other petitioners in the same state instead of waiting for judgments in favor of others.

    The efforts of your Association in this direction are commendable.
   

Yours sincerely,
B.G.Raithatha,
General Secretary

Thanks


Damocles' sword of reduction in pension of post 1.11.2012 bank retirees

Dear Editor,

Referring to above post under your blog a sample calculation is furnished here under as desired  on reduction in net Pension payable to pre 1.11.2012 Bank Pensioners under latest Bank Wage Revision Settlement ( 10th Bipartite settlement between Bank Unions and IBA/7th Joint Note for officers.)

Pay scales of Bank Officers and employees under 10th Bi partite wage revision/Joint Note  have already been agreed between United Forum of Bank Unions(UFBU) and Indian Banks Association(IBA) and final settlement will be signed on 25th May at Mumbai.

As per agreed terms DA at CPI level of 4440 points will be merged with existing Basic Pay and further load of 2 % on above with DA there on will be added to  arrive new Basic Pay under 10th BPS. 

Thus the existing Basic Pay of an officer with Rs.20100  may go up to Rs 32850 on latest wage revision.

The following illustration will give a broad idea on this negative impact on Net Pension under 10th BPS to pensioners those who retire after 1.11.2012.Though there is slight increase in gross pension,net pension will be reduced as shown below , due to increase in commuted portion based on revised higher basic pay.

Though total load factor is agreed at 15% under 10th BPS only 2% is added to Basic Pay and remaining goes under allowances.








Mohan.P 

(Bank Pensioner)

Keep it up !

Damocles' sword of reduction in pension of post 1st Nov 2002 bank retirees‏

BANK NEWS

UNION BANK RETIRED EMPLOYEES' ASSOCIATION


Subject :
​ (1) 'Dharna' by Retirees on 25th May,'15
(2) Memorandum to be submitted to IBA

E-mail and its attachment received from the General Secretary of AIBRF are forwarded herewith.


Yours sincerely,
B.G.Raithatha
General Secretary

Thursday, May 21, 2015

AIRIEF PANCHKULA UNIT MEETING

Contempt case in Chandigarh HC

Dear Editor,

The matter was passed over in the morning at the request of LIC Counsel. Taken up at 3.30 PM. 
The Sr Counsel of LIC who tried last time to get the contempt case closed closed, repeated the attempt this time but failed. At one point when he tried bulldoze the arguments was gently pulled up by the judge and was asked 'who is the applicant in the matter'. The question was a polite warning - please sit down. And he sat. 

Ms Alka Chhatrath appearing for Petitioners succeeded in telling the Judge how LIC played foul in depositing in August 2014, amount without including up-gradation  of Pension. She supported her submissions with the Application filed yesterday along with over 300 pages of Annexures giving detailed calculations of amounts payable to each petitioner up to 30 April 2015. 

Judge noted the difference between what was deposited and what is playable and directed the LIC Counsel to reply. 

There was reference to SC Order dated 7th May. Judge did not go in those details but looking at the matter before him to establish whether or not the amount deposited wrongly as alleged,  constitutes contempt. The next date of hearing will be known tonight/tomorrow on the Net. 

PS. Justice Jain who heard the Contempt matter today was one of the two Judge Bench who delivered the 9th Nov 2012 judgement in favor of our Petitioners. 

Sreenivasa Murty M
Camp: Chandigarh

Next date
20-JUL-2015

Regards,

T.R.Madhava Rao.

Will it happen ?


There is a saying too many cooks spoil the broth. Extend it further to the prevailing situation it could be said that too many suits in different courts by pensioners individually and collectively through their organization representing them has led to the present turmoil as could be seen when the SC order of May 7 saying pay to the respondent-employees and the word employees being open for interpretation, advantage LIC/UOI. 

In some cases settled earlier the appellant LIC in accordance with the court order paid into the court the decreed amount to the petitioners in the suit leaving the non-petitioners high and dry making them wonder what would be their next step to get their dues and should they have to again resort to legal measures to end their suspense. 

What a misfortune to them especially to those who are in the sun set of their life, who have been waiting for more than a decade  to receive the fruits of the victory in the case but strangely it is eluding them again advantage LIC/UOI.

Pensioners belonging to a homogeneous group started thinking on one voice for one group and had it happened perhaps and they took over the responsibility of filing the writs without their members going to the courts with financial constrains much of the present turmoil could have been averted and even for future negotiations on trade union matters one voice for one group will usher in a better future for the pensioners. 

Will this happen or it is a wishful thinking of an 82+ aged pensioner who is concerned about his pensioner friends

R.K.VISWANATHAN

SC judgment - Compassionate appointments

UNION BANK RETIRED EMPLOYEES' ASSOCIATION
Subject : Compassionate Appointments

 We forward herewith an e-mail and its attachment (containing a recent favorable judgment by the Supreme Court) received by us from Shri J.P.Shah, a RTI & Consumer Activist Member of our Association. Please peruse and preserve the judgment, so as to enable you to guide family of any deceased employee approaching you for such matters. ​


Yours sincerely,
B.G.Raithatha,
General Secretary

PUNJAB & HARYANA HC CASE

Still waiting. 
Now 241 taken up, Total 275
After finishing last one, pass over cases to be taken up one by one turn wise starting 201
We may be called post lunch only
Any way we have to accept it gracefully and wait with hope and patience

Regards
BRMehta
Panchkula

( Further details awaited.)

THE SAME SUBJECT !



The agreement on wages in Banking Sector remains to be
signed. The details are circulated and by now known to all.
Experts will analyse how the outlay allowed was utilised...
how much on scales, how much on allowances etc. etc.
The quantity of flour available decided the shape of roti.
Pension issue is left to future. (Not in this deal.)

  • The comments on the deal also are not totally unexpected. Pensioners' organisation in Banks submitted memorandumsto (not only) Ministers but also to UFBU leaders. The reactions also are not unexpected.
Now the Insurance Train which is at outer signal can proceed
to the platform once the signal goes green.

LIC has to honour the Supreme Court Order of 7th May 2015.  The events unfolding so far suggest that atleast 2 organisations will be content if a solution to pre 8/97 retirees is forthcoming.  It remains to be seen whether LIC would insist a small percentage of outlay for Charter to be set aside for settling pre 8/97 problem. LIC would thus appear to be honouring court verdict while the cost would be on wage deal. This is what I surmise. Our top managers are afterall very good business people also. 2 birds at one shot.

The larger issue of updation of pension is really the crux of the matter. After observing the scene in Banking Sector, it is clear as day light that the Unions are not ready for any revolutionary activity on this issue, in the given situation of politics,and economics.

If the in-service unions championed this cause where was the need to approach courts of law? Retirees and their organisations in Banks are following the developments in our Court Case with bated breath.

The temperature outside is 42.5 degrees Celsius ( at Hyderabad.) In this scorching heat the analysis of Mr. M. Srinivasa Murthy " views on Supreme Court Order dated 7.5.2015" brings some comfort to the mind and body. Our country is monsoon dependant and still we have to wait for 5 weeks more to see how LIC proposes to honour the directive of the court.



Shri P. Ramanathan has expertly analysed the various opinions
on Supreme Court Order. I must appreciate him for compelling me
to refer to the dictionary for the 24 synonyms and epithets he used
to describe the Court Order. ERUDITE certainly he is and we will
be benefitted by the knowledge of scholars like him. 

My kudos to him.


I am tempted to repeat the suggestion I made once. Will it not be
better if a common platform of Bank retirees and Insurance Retirees forged which will be of use in future struggles? Will AIRIEF which is fiercely independent take a lead in this matter?


B. Ganga Raju Hyderabad