While pensions of Central Government pensioners, State Government Pensioners and armed personal are revised every time their salaries are revised, why should  Bank Pensioners be deprived of the same?  In the present days of high inflation, retaining the  same amount of pensions without revising throws the senior citizens to much starvation.  Is it the way to treat the Senior Citizens retired from Banks?  Are they not like the senior citizens retired from central / State Government services.  Further please verify the variation in the amount pension drawn by a retired General Manager retired a decade ago and a newly retired clerk of a Bank.

Unfortunately the so called leaders of Unions, who are enjoying all facilities at the cost of members do not take minimum interest in this matter, perhaps the leaders  feel that they need not do any thing for the retired bankers as the enjoyment at the cost of the latter will stop on their retirement and the cannot derive any further benefits from the retired.  Please therefore, take up the matter and make the leaders realize that they should change their attitude and include the matter of demand for Pension Revision in the charter of demands they submit at the next wage revision (wef 01.11.2012), if they are real leaders.

Regards,
P Nageswara Rao
Email id: nraosurya1949@gmail.com

Sir,

Every central government pensioner is getting revision whenever revision of salary takes place.  The persons who have retired in early 70s are getting fatty pension which they would not have even dreamt of.  In fact at the time of their retirement some of them would not have drawn a four figure salary.  Thanks to the salary revision every ten years, now some of the retirees of 1970s are getting five figure pension.

When government employees who do not contribute much to the growth of economy, the growth engines viz. Banking industry employees should get revision of pension without their asking for it.  The natgionalised banks industry are not only a growth engines, they also make profits and contribute part of their profits to the government by way of dividend.

Even the salary level of senior management staff of banks are downgraded.  General Manager’s salary is downgraded to the level of joint secretary, whereas the responsibilities of even a Scale III Senior Manager of a Bank is much more than that of a joint secretary in government.

Why There is a Need for Updation of Pension for Bankers At the time of Every Settlement


Really it is very much painful question. Why we ask food after every 6 to 8 hours? why the work force of even unorganised sector cries for the regulations and some increase in their daily wages. Why capitalists expand their financial regimes? why the working employees need upward revision? 

As we have limited field about bankers. we will discuss that what is the need of wage settlements/ negotiations? working bankers need upward wage revision after every 4 years ( this was extended to years ) . on the very same ground and basis retired bankers who are getting pension needs updation of pension. there should be some mechanism that at the time of every settlement basic pension automatically got revised and if possible some medical allwance should also be included in the pension

In ccs rules pension revised automatically at the time of implementation of reports of the pay panels and commissions. If settlement sees some new in it commission should be asked to the bankers.  Every settlement needs to include revision of pension like wages and salaries. 

We appeal to the trade unions and the associations of the bankers to educate the banks accordingly.

Thanks
ashok kumar goel
vrs retiree

Dear Sirs,
 

Questioning  the need for updation of bankers’ pension is akin to asking why the serving bank men need a bipartite.  The pensioners need the updation for their very survival with decency.

When I  joined  the bank as a clerk in 1973 with a starting basic of Rs.170/-p.m., the Bank deducted  8.33% of my basic pay towards Provident Fund.  On every  subsequent bipartite settlement   the  Bank rightfully  deducted  8.33% of  Basic Pay towards PF  only on the updated Basic Pay.   Even after  the pension scheme was introduced in 1995, the Bank   deducted  8.33% of my Basic pay  on the updated  bipartites, promising me pension.  This continued till I got my retirement under VRS 2000.

But after my retirement, i.e. when the Bank started paying me back,  the updation of my Basic Pension  was stopped  abruptly, again for reasons known only to the Unions/Associations and the IBA although they were entering into various bi-partite agreements .  To deceive and to fool the Pensioners a new  concept of Joint Note was introduced. There was updation when I had to pay the Bank and when the Bank started paying there is no updation.  Is the updation in Bank is a one way traffic?

It is puzzling that  when there is updation in DA for the pensioners  as  like serving employess then why there    is no updation  in Basic as like serving employees.

As per  the Thesars Legend ,  pension  is - a regular payment to a person that is intended to allow them to subsist without working.

I am still wondering whether this un- updated pension   and the  delayed  updation in eligible DA  will allow the Pensioners to subsist without working.

Again,   Pensioners  are   updated with the  increased Dearness Allowance  as  like as the serving employees although the DA increase is in once in 6 months  (not once in 3 months as paid  to the serving  employees)  for reasons  best known to the Unions/ associations.

The  price of  food articles etc.  increases  for everyone  at the same time, whether you are a serving employee or a retired pensioner..  My grocer does not wait for  another 3 months even if I request him that  as a pensioner I am getting my increased Dearness  Allowance  with a delay of 3 months.   For him all are same whether you are a serving bank employee or a retired bank employee.

If the Banks  feel that  they  are earning profits  only for  writing off the loans of the willful defaulters or as per the directions of the Govt. and to hand over the profit  to the Govt  but are unable to pay  their staff  like what the Govt. servants are getting,  they  should have stopped cajoling us  for VRS in 2000. Both retired and serving Bank employees have become a laughing stock before the Govt. employees.

It is my humble opinion that the present set up of Unions /Associations which are working against the interest of even the serving employees,  on whose subscription  they survive,  may further deceive the pensioners with their Joint Notes  in future Bipartites. Supreme Court may be the pensioners’ last resort.

 D.Karunakaran - dkk15@rediffmail.com