Sunday, June 13, 2010

Bank 9th Bipartite : Allahabad High Court has issued notice to Indian Banks Association and Union of India

On friday (11th June, 2010)  Division Bench of Hon'ble Allahabad High Court has issued notice to Indian Banks Association and Union of India to file their written statement justifying contribution to Pension Fund equivalent to 2.8 times of the November 2007 revised pay over and above the management's contribution to the provident fund with interest for joining the Pension Scheme by existing employees.
It may be recalled here that on 20th May 2010, Hon'ble Judge Sahi of the Allahabad High Court had rejected to interfere in the matter on the ground of territorial jurisdiction. The Appeal was filed by Punjab National Bank Workers Union, U.P. challenging the Orders of the Single Judge.
From the Union of India, Attorney General appeared and objected. At the end, after hearing arguments from both the side, the Division Bench passed Orders directing Indian Banks Association and Union of India to file their written statement on the points raised by the petitioners in the writ petition

Source AllbankingSolution.

1 comment :

akgoel said...

All bank men to send the letter to MOF to ensure that MOF gets flooded with similar requests. It might be possible to avoid legal battle which is time consuming and costly

You can copy and paste from blog

…………………………… Place:
-------------------- Date:

The Central Public Information Officer,
Government of India,
Ministry of Finance,
Department of Economic Affairs,
North Block
New Delhi 110 001

Dear Sir,

Requisition of Information under RTI Act, 2005

We invite your kind attention to letterNo.20060611 dated 11th June, 2010 Shri C N Venugopalan of Kerala has addressed to the Hon'ble Minister of Finance pointing out the anomalies in extending fresh option for Pension in Public Sector Banks.

The following anomalies in the proposal made by IBA have been listed out and brought to the attention of the Hon'ble Minister for his consideration:-

1. Recovery of CPF and another 56 percent on it as a contribution for pension coverage to retired
2. Recovery of 2.8 times November, 2007 pay in the case of the working people
3. Forfeiture of Pension from the date of retirement to the arbitrary date of 27 November, 2009 in the case of the retired.
4. Releasing commutation benefit without reckoning the age at the time of retirement.

Pension is an already sanctioned benefit to the bank employees which had been taken away illegally through the wrong implementation of the scheme and is not at all a new benefit. Whereas the Pension Scheme has been one and the same and Government and Public Sector Banks irrationally burdening one segment of employees alone totally lacks propriety. Such an action will constitute an offence upon the magnificent Constitution of the great democratic nation and on substantive law. Government approval for the illegal recovery recommended by IBA will go to prove that the oath of office the Hon'ble Minister has taken while swearing in "to treat people of all manners alike" gets breached.

I request that the action the government has taken to do away with the anomalies and to render justice to the bank men may please be intimated. The action report on the letter either separately or in the form of the notings on the letter under reference may be made available to me. In case the anomalies are eliminated in tandem with the provisions of the constitution and of substantive law, furnishing of the information sought will stand waived.

The prescribed fees for supplying the information is sent herewith

Thanking You,

Yours faithfully,


Encl: Postal Order No.___________ dated _________ for Rs.10/- payable at N Delhi in favour of CPIO, MOF

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