Mr.C.H.Mahadevan Is Right When He Says In His Response To My Article, Entitled—
“LIC Pensioners Are A Blessed Lot”, “When Compared With / To The Reserve Bank Pensioners” “And Pensioners Of The Public Sector Banks”-Part-II—
That, RBI Pensioners Are Better Off Than LIC And PSB Pensioners In Respect Of The Specific Matters, Clearly Listed By Him, Like--
1.Minimum Pension Rs.3500/-
2.Full Pension With 20 Years’ Service
3. Family Pension To The Extent Of 30% Of The Last Drawn Pay
4.Pension At 50% Of The Last 10 Months’ Average Basic Or 50% Of The Last Pay Drawn, Whichever Is More Beneficial To The Employee/ The Pensioner.
I Am Also Aware Of This Position For The R.B.I .Pensioners. But, For The Purpose Of My Article, I Have Taken In to account, The Actual Rules / Regulations As Existing At The Time When They Were Framed “And Not As Amended Subsequently”.
That Is Why, The Difference Between My Views And Opinions And Mr.Mahadevan’s Views And Opinions Occurred. If We Take The Amendments Made To The Reserve Bank Pension Regulations, Into Account,, As Has / Had Been Done By Mr.Mahadevan, He Is Absolutely And Completely Right And Correct, When He Says That The RBI Pensioners Are Better Off Than The Pensioners Of The LIC And The Public Sector Banks.
Please click below.
In
A Way, If
We Take Into
Account All The
Above Mentioned 4
Benefits That Are
Presently Enjoyed By
The Pensioners Of
The Reserve Bank
Of India, “But Are
Not Available To The Pensioners
Of LIC Or The Public
Sector Banks,“It Is
Simply Because, They Extracted
These Benefits From
Their Management”, Which Are
Available To The
Central Government Pensioners, “Upon Implementation Of
The Vith Pay
Commission Recommendations To Them”,
As, The
Staff Unions Of
The (Serving) Reserve
Bank Employees, “Have Been Actively”
Following Up
The Problems / Grievances
Of Their Pensioners
On A Regular
Basis”, ”WITH A MISSIONARY ZEAL”,”Which
Can Be Made
Out, If We Go Through The
Content Of The
Website / Blog Of Reserve Bank
Pensioners, “And The Information
Provided By Mr.Mahadevan In
This Context Is Contained Therein Only”, Which Is
“Clearly Lacking In
Respect Of The
(Serving) Staff Unions Of
The Public Sector
Banks”. In Fact, Staff Unions Of
The Public Sector
Banks Have Mastered
The “Art Of Cheating” “And Misrepresenting” To
The Associations/ Unions /
Federations Of The
Pensioners Of The Public Sector
Banks, “As Well As The
Individual Pensioners Of
The Public Sector
Banks”, And In
Fact, Till The Last
Moment, These Leaders Of
The Staff Unions
Of The Public
Sector Banks Gave
A Clear Indication
To The Pensioners
Of The Public
Sector Banks “That
All Is Well”
“And Things Are
Going On Well” “And
Everything Is Going On
In The Right
Direction” “And The
Pensioners Of The Public
Sector Banks Can
Get Almost All
Their Grievances Addressed
And Redressed At
The Time Of Conclusion
Of The 10th Bipartite Settlement” And These “Unsuspecting Pensioners
Of The Public
Sector Banks Were
Hoping Against The
Hope” “That They
Will Get All
Their Demands / Desires
Met With” “And They Need Not Be
Worried About It At
All” “And Till
The Last Moment These
Leaders Of The
Staff Unions Of The
Public Sector Banks
Gave A Misimpression To
The Pensioners Of The
Public Sector Banks”,
“That There Is Absolutely
No Need To
Be Panicky At
All” “And The
Pensioners Of The Public
Sector Banks Thought That
There Is No
Need To Suspect
The Intentions Of The
Staff Unions Of The
Public Sector Banks”
“And The Staff
Unions Of The
Public Sector Banks, Till
The Last Moment”
“Maintained Utmost Secrecy”,
“As To What
Exactly Is Going On”
“And What The Real
Situation Is” “And It Is
Precisely Because Of
This Only”, “I Have
Used The Words
Like, The Staff Unions
Of The Public Sector
Banks-=
1.”Cheated The
Pensioners Of The
Public Sector Banks”
And
2.”Misrepresented To
The Pensioners Of The Public
Sector Banks”.
The Impression Given
By The Staff Unions
Of The Public
Sector Banks To The
Individual Pensioners Of
The Public Sector Banks As Well As To The Associations / Unions / Federations Of
The Pensioners Of
The Public Sector Banks
Was, That The Pensioners Of The
Public
Sector Banks Will Get “Almost
All Their Demands”
Accepted By The
Public Sector Banks. They
Also Gave The
Impression That The Words ,“Almost All
Their Demands” Were Used
To Give The
Impression That—
“In
Respect Of Updation
Of Pension”, “The Scheme Of
“Updation Of Pension”
May Be Diluted”, But, All
Other Demands Will
Be Conceded By
The Banks And
Even In Respect
Of Updation Of
Pension Also, “Its Quantum May
Be Diluted”, But
That Demand Is
Not Going “To Be Dismantled” “And SHELVED Whole-Sale At All”. As
Against This Presentation, What Ultimately
Happened Is History
And That Is
Known To The
Pensioners Of LIC Of India, Pensioners Of
The Reserve Bank
Of India And
Naturally, To The Pensioners Of
The Public Sector
Banks, As Well.
May
Be, If The
Leaders Of The Staff
Unions Of The
Public Sector Banks
Had Given Any
Indication Of What Is In Store
For The Pensioners
Of The Public
Sector Banks, The Leaders Of
The Federations / Associations / Unions Of
The Pensioners Of The Public
Sector Banks Might
Have Made Some
Efforts To Try
And Find Out For
Themselves As To
Whether Anything Can
Be Done And
Achieved From Their
Side Through Their Own Sources
/ Connections/ Contacts, “Irrespective
Of Whether These
Efforts Would Have
Yielded Any Positive
Results Or Not”. In
View Of This
Fact Situation, Existing
And Subsisting In Respect
Of Updation Of
Pension For The Pensioners Of
The Public Sector
Banks, We Can Take It
For Certain, That Updation Of
Pension For The
Pensioners Of The
Public Sector Banks
Can Not Be
Achieved “Through Staff Unions
Of The Public Sector
Banks At All Under Any
Circumstances”, “At Any Time”;
This Is Because, As Per The
Response Of The IBA To
The Demands / Desires Of
The Pensioners Of The
Public Sector Banks, As
Incorporated In The
Record Note Of 25th May, 2015, For Denial
Of Each And
Every Demand / Desire Of The
Pensioners Presented By The
Staff Unions Of
The Public Sector
Banks, On Behalf Of The Pensioners
Of The Public
Sector Banks, The IBA’s
Reason Is—
1.The
Cost Is Significant
2.Cost Is
Unaffordable At This Juncture
3.It Involves Huge
Cost
4. We
Will Examine It At
A Later
Stage
5.We Have
To Work Out
The Cost Implications
Etc., Etc.,
And If This Is The
Situation, Now, I Can Say
Even Without A
Moment’s Hesitation, That --
“None Of These
Demands Can Be Met
At All
At Any Point Of
Time”, Because, As Time Passes
By, “The Cost
Will Only Increase” “And
Cost Will Never
Come Down At All.” “And
If A Matter Is Costly To-Day” , It Will
Be-
“Still Costlier
To-Morrow”, “And It Will
Be More And
More Costlier To-Morrow”, And Therefore, Banks’ Pensioners
MUST UNDERSTAND THAT IF This
Principal Demand Of
Updation Of Pension
Can Not Be Met With
Success Through Staff
Unions To-Day, It Can Be
Taken For Certain, That
It Can Not Be
Solved / It Can Never
Be Solved In
Their Whole Life
Time Through Staff Unions
Of The Public
Sector Banks. Particularly What
Surprises Most To Me Is
, We Have Adequate And
Abundant Funds For
Increasing The Salaries
And Allowances Of M.P.S., M.L.A.S, M.P.S’ Local Area
Development Funds Etc., Etc..
But, When It Comes To
The Point Of
Conceding The Principal Demand
Of “UPDATION OF PENSION” OF The
Pensioners Of The Public
Sector Banks, “Who”, If
I Have To
And If I
Borrow The Language Employed In
The Judgement Of Hon’ble
The Supreme Court
Of India, In Nakara’s
Case, “Contributed To The
Flowering Of The
Economic Development Of
The Country In Its Formative
Years”, “The Exchequer Of
The Public Sector
Banks Is Empty”
“And Cost Will
Be Highly Prohibitive” “And Huge”. And If
This Is The
Expression Of Hon’ble
The Supreme Court
Of India In Nakara’s
Case—
“In Respect
Of The Pensioners
Of The Central
Government”, I Wonder What
Kind Of Language
Hon’ble The Supreme
Court Of India Would
Have Employed”, “Had The Pensioners Of
The Public Sector
Banks Been There
Instead Of The
Pensioners Of The
Central Government”, “Who
During The Post-Bank
Nationalisation Period-Contributed
Immensely For The Flowering
Of The Economic
Development Of The Country,
By Taking Banking
Transactions To The
Remotest Of The
Remote Parts Of The
Country And By
Making Available A
Larger Cake, “A Part
Of Which Can
Definitely Be Earmarked
Or Set Apart
For The Benefit Of Those” “Who
Were Responsible For
Bringing Banking Transactions
To The Door-Step
Of The Poor People Living
In Rural Areas / Parts Of The
Country!”All The More, What
Is Most Important
To Realise / Take
Note Of Is, “Although The
Employees / Pensioners Of The
Central Government Are Providing
Services To The Countrymen
Of India, “ They Are Not
Bringing Any Profits
To Their Employers”, But, Employees / Erstwhile Employees (Pensioners) Of
The Public Sector
Banks Have Brought
Profits To The
Managements Of The
Banks” And Yet, The
Managements Of The Public
Sector Banks Are
Ungrateful To Their
Benefactors”. I Would
Like To Make
It Abundantly Clear
At This Point
That, By Saying
As Above, I
Am Not At
All Trying To
Underestimate / Denigrate The Services
Rendered By The
Pensioners Of The
Government Of India
At All. There Is Absolutely No
Doubt About It All. They Richly
Deserve What They
Are Getting.
Particularly, What Makes Me
Wonder Is That -
The
Country / India “Is Not
Short Of Funds”, “When It
Comes To “Corruption”
At The Highest
Level/ Levels”. We Are Witness
To The Corruption
Levels Of The
Monumental And Gigantic
Proportions In—
1.Just 2
Weeks’ International Sports
Jamboree Involving Rs.70,000/-
Crores,( I Am Mentioning This
Figure As Reported In
News Papers Only)
2. Another Corruption Scandal Involving
Rs.1.76 Lakh Crores
3. Another Corruption Scandal
Involving 1.86 Lacs / 2.86
Lakh Crores Etc., Etc,.
From Where Are
The Funds Coming
When We Come
To Corruption At
The Highest Levels?
That Means, It Is
Not That The
Exchequer Of The Banks / Government Of
India Is Short
Of Funds At
All. But Where Lies The Problem?
The
Problem Lies In
Our Thinking Or Rather, Absence Of
The Intent To
Grant Something To
Those Who Contributed
Immensely For The
Flowering Of The Economic
Development Of The Country,
Particularly During Post-Bank
Nationalisation Period.
But, At Least, It Is
Heartening To Find
That The Pensioners Of
The LIC Of India Are Going
To Get Their Pensions
Updated “Almost Immediately”. I Am
Using The Words, “Almost Immediately”,
“To Provide For
The Time” That Hon’ble
The Supreme Court
Of India May
Give To LIC Of
India “To Make
The Necessary Calculations”,
“To Work
Out As To How
Much Amount Has To
Be Paid” “To Each
Individual Pensioner Of The LIC
Of India”, “By Way
Of Arrears Of Pension” “
For One Thing”-
And
How Much “Increase
Of Pension Should
Be Paid Every
Month” ,”Hereafter”, “For
Another”.
From The Way The
Calculations Are Made
By Experienced And
Senior Pensioners Of
LIC, Like, Mr.Mahadevan,
I Find That
It May Take A Lot
Of Time For LIC
Of India, To Arrive
At The Final
Calculations, To The
Satisfaction Of The
Pensioners Of LIC
Of India, AND THEREFORE, I
Think That, “It
May Be Prudent” “And
Practical” For The
Leaders Of The LIC
Pensioners’ Associations /
Unions/ Federations To Make A
Request To The
Hon’ble 2 Judge Bench
Of Hon’ble The
Supreme Court Of
India, Which Is Hearing
Their Pension Related
Matters, “To Direct LIC Of India
To Make Some
Interim Payment”, “Till The
Final Calculations Are
Arrived At”, “To
The Mutual Satisfaction
Of Both LIC
Of India”, “As Well
As Its Pensioners”.
And
If We Keep
Aside The Fact
That The Pensioners Of
LIC Of India
Are Getting “Updated
Pensions” “In A Matter
Of Days”—
The
Matter Of What
Is The Position In
Respect Of The
Efforts Of The Staff
Unions / Associations /
Federations Of The
Serving LIC Employees, “In Respect Of
Taking Up Of
Pension Updation Matter With
The Management Of LIC
Of
India May Be
Known To Senior
Pensioners Of LIC,
Like, Mr.Mahadevan Only.
With This, I
Hope That I
Have Responded Appropriately
To The Views
Of Mr.Mahadevan, Upon Going
Through Part –II Of
My Article Entitled—
“LIC
Pensioners Are A blessed
Lot”, “When Compared With / To
The Reserve Bank Pensioners” “And
The Pensioners Of The Public
Sector Banks”-Part-II.
With Regards,
Yours Sincerely
N.Pradeep Kumar.