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Pension Option for Resignees - A Chance To Fight the Banks Legally
by
RK Pathak
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At ABS we have been receiving a large number of requests to inform the resignees about the status of various cases and when resignees are likely to get the chance to opt for pension. All resignees are well aware that it the adamant attitude of IBA and some bank managements that resignees are being denied the second pension option. Moreover, various unions have failed to live upto the expectations of resignees who have faithfully subscribed to the unions during their service. We have now received the following email, which gives the latest status of one of the important cases relating to second pension option to resignees. As some of the resignees have been able to get the pension option through court orders, we requested Mr R K Pathak to send us the details of certain people who are trying to bring together certain groups of bankers who are interested to file a legal case. Such legal fight will certainly cost some money, but it can increase your chance to get a option for pension, if cases are decided in your favour. Therefore, all resignees may read the following details carefully and contact the persons listed therein for further action in the matter:- After the dismissal of SLP of Vijaya Bank on 06/12/2013, it was expected the pension option will be released to all the resignees but VIJAYA BANK restricted the benefit to 22 petitioner employees only & released the same on 25/01/2014.Vijaya Bank is also contesting the contempt petition (CCA/392 of 2014) filed by B S Manjunath ( another VIJAYA BANK Resignee). Luckily, as per proceedings of 18/02/2014, the Court has give judgement in favour of resignee and bank had been given time of 2 weeks for compliance of order for pension. However, as per past experience, the bank is expected to take up issue in Supreme Court & drag thereafter. It ssems BANK / IBA wants every case / issue to be settled in SC & restrict benefits to petitioner only. Ads by Google
2) Employees of CANARA BANK,
CORPORATION BANK,SYNDICATE BANK, VIJAYA BANK & STATE BANK OF MYSORE – having
head office in state of Karnataka, ( irrespective of their residence) and
completed 20 years of service and resigned. Comments by ABS : We would like to put in record that no details or money should be sent to ABS as the resignees are fighting their cases on individual basis, but we feel if large number of resignees file such petitions, there will be additional pressure and Courts may dispose off these at a much faster speed and favourably. Therefore, you must avail this chance of fighting collectively. Resignees outside Karnataka may also discuss the issue among themselves and with above referred to finalise the strategy to fight legal battles within their own states.
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