tag:blogger.com,1999:blog-2166768150897507516.post6543107586498769825..comments2023-10-29T14:32:48.801+05:30Comments on PAY COMMISSION: 2ND OPTION ON PENSION – IMPLEMENTATION OF AGREEMENT HURDLES OF LITIGATIONShyamali Basuhttp://www.blogger.com/profile/11488319349456072604noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-2166768150897507516.post-72035864598084733532010-09-07T17:30:47.509+05:302010-09-07T17:30:47.509+05:30hi dear all, this post may not be required any mor...hi dear all, this post may not be required any more and this need not be posted by the PAY COMMISSION<br />any more.r rajendran trichyhttps://www.blogger.com/profile/17912517237163376381noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-74832217842904302122010-08-07T23:02:10.738+05:302010-08-07T23:02:10.738+05:30All are talking about the case at Madras High cour...All are talking about the case at Madras High court only. Reports of cases filed at various High courts were published sometime back.Fate of those cases are not known... Even if IBA succeeds in getting the stay vacated what about other cases.. Would any one clarify if option letters would be issued immediately upon vacation of stay at Madras High Court if and when that happens... The dark tunnelVasuhttps://www.blogger.com/profile/04760309591269568740noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-51549971144711514952010-08-04T00:01:05.638+05:302010-08-04T00:01:05.638+05:30@S.Patnaik August 3, 2010 8:50 PM:
Regulation 29...@S.Patnaik August 3, 2010 8:50 PM:<br /><br /><br />Regulation 29 of Bank Employees’ Pension Regulations 1995, wherein it is clearly mentioned that the employees who seek voluntary retirement from service of the Bank after completing 20 years of qualifying service, are eligible for pensionary benefits.--G.D.NADAF.<br /><br /><br />Thanks.chandanhttps://www.blogger.com/profile/07366969816013605279noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-11788356979542265542010-08-03T22:24:24.370+05:302010-08-03T22:24:24.370+05:30Mr.Shridhar,
Now it is clear why IBA is not issui...Mr.Shridhar,<br />Now it is clear why IBA is not issuing Pension option letter for retirees.<b>There is no adequate funds available</b>.Please note the Madras Court Stay is only for 2.8 deduction from arrears of the existing employees.So the IBA filed an affidavit to vacate the stay. If the funds are adequate , then only they can issue option letters to retireesRuntrailbloghttps://www.blogger.com/profile/07182041751452894482noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-22694768048839185562010-08-03T21:41:25.129+05:302010-08-03T21:41:25.129+05:30Really what type of thing are going on.Since 6th J...Really what type of thing are going on.Since 6th July case at Madras High court is not coming up for hearing is it justified by the court seeing harassment to the retirees who are eagerly waiting for 2nd option pension since last 15 years.As quoted by some body that it will implement only after the death of retirees see the frustration of the retirees.Every day court is postponing the case for Shridharhttps://www.blogger.com/profile/12249200218420103662noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-14633448134804971322010-08-03T20:55:21.809+05:302010-08-03T20:55:21.809+05:30In IBA's affidavit at para 9 they say :
&quo...In IBA's affidavit at para 9 they say : <br />"The retirees post 27.11.2009 are in danger of not receiving any pension at all due to lack of funds, a situation created by the interim order. Had the interim order not been passed, the new pension optees would have contributed to the fund and would have been immediately benefited". <br /> <br />The above para indicates , the banks Runtrailbloghttps://www.blogger.com/profile/07182041751452894482noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-82983458700292549992010-08-03T20:50:12.569+05:302010-08-03T20:50:12.569+05:30AIBEA'S Pension Helpline preferred to keep mum...AIBEA'S Pension Helpline preferred to keep mum over my following query (may be owing to the fact I'm retired neither under Superannuation nor under Special VRS,but under bank's VRS). <br /><br />I’m a PF optee, took VRS (Not Resignation) at the age of 59 as an Officer on 15th November 2007 after serving 3 months notice, worked for 32 years 6 months & 15 days.<br /><br />Could S.Patnaikhttps://www.blogger.com/profile/11178479679592753931noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-86881416602135071142010-08-03T07:24:56.721+05:302010-08-03T07:24:56.721+05:30It appears that the writ filed by IBA is listed fo...It appears that the writ filed by IBA is listed for today (3.8.2010). It is surprising as to why some of the constituents are yet to file affidavits in response to the notice issued by High Court.At this rate it is anybody's as to the time that would take for completion of the process. UFBU should advise all constituents to file affidavits without delay and urge IBA to issue option letters toVasuhttps://www.blogger.com/profile/04760309591269568740noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-72716152815769529062010-08-02T21:49:59.946+05:302010-08-02T21:49:59.946+05:30IBA came forward to plead with Chennai High Court ...IBA came forward to plead with Chennai High Court for withdrawal of Stay order.None of the UFBU members have pleaded with high court. Surprisingly some of the defendant unions/associations are yet to submit their affidavits as directed by court to take a view by court.UFBU zindabad for their concern for the their members.kavyahttps://www.blogger.com/profile/04909278852499961008noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-34588880053205419352010-08-02T21:49:00.976+05:302010-08-02T21:49:00.976+05:30IBA came forward to plead with Chennai High Court ...IBA came forward to plead with Chennai High Court for withdrawal of Stay order.None of the UFBU members have pleaded with high court. Surprisingly some of the defendant unions/associations are yet to submit their affidavits as directed by court to take a view by court.UFBU zindabad for teir concern for the their members.kavyahttps://www.blogger.com/profile/04909278852499961008noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-31716960647265770782010-08-02T16:53:23.982+05:302010-08-02T16:53:23.982+05:30Will any body guide me regarding my fitment of BP ...Will any body guide me regarding my fitment of BP as per 9th bp.<br />I retired from bank of india on 30th april 2009.<br />I reached maximum in scale MM II on 01-07-1999.my bp was Rs.22280/-<br />I got first stag inc on 01-07-2002<br />and my bp was Rs.22900/-in scale II.<br />My 2nd stag inc was due on 01-07-2005 i could not get it because not promoted to scale III.<br />I promoted to scale IIIShridharhttps://www.blogger.com/profile/12249200218420103662noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-41090560856730967312010-08-02T07:45:27.274+05:302010-08-02T07:45:27.274+05:30This is just to correct two spelling mistakes of m...This is just to correct two spelling mistakes of my post.The word tha should read as 'that'. The word resole should read as 'resolve'<br /><br />VasudevanVasuhttps://www.blogger.com/profile/04760309591269568740noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-22541172808200838452010-08-02T07:42:23.635+05:302010-08-02T07:42:23.635+05:30In response to my mail Mr.CHvenkatachalam was kind...In response to my mail Mr.CHvenkatachalam was kind enough to reassure tha unions are doing all they could to resole the issue. It also appears that IBA has filed a writ for vacation of stay. Mr.CHV also wondered why retirees and others those who are anxious to avail of the Second pension offer, have not come forward to implead themselves in the court case and press for early implementation of Vasuhttps://www.blogger.com/profile/04760309591269568740noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-90299702158827636092010-08-01T08:58:24.204+05:302010-08-01T08:58:24.204+05:30Where is the lawyer who gave the legal opinion bas...Where is the lawyer who gave the legal opinion based on which IBA and all the union leaders hurriedly changed the recovery from all to recovery from PF optees only. Why the same lawyer is not asked to fight out the case at Supreme Court and settle the issue once for all. <br /><br />These union leaders had agreed to change the recovery from 1.6 times to 2.8 times on the plea that some pension Runtrailbloghttps://www.blogger.com/profile/07182041751452894482noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-87228675407664023062010-07-31T20:42:25.642+05:302010-07-31T20:42:25.642+05:30IBA is planning to file a writ petition seeking va...IBA is planning to file a writ petition seeking vacation of stay (source; AIBOA site); However no one knows as to what happened on 26th with none of the unions caring to update the status on a day to day basis in their respective sites.I only hope that the concerned would consider the plight of retirees and ensure that option letter is issued to them at least, to begin with. It is not even clearVasuhttps://www.blogger.com/profile/04760309591269568740noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-13881228173939946022010-07-31T13:57:32.224+05:302010-07-31T13:57:32.224+05:30Really what is going on no body knows court case w...Really what is going on no body knows court case was on 26th no news whether stay order is vacated or not.Retired people are anxiously waiting for it and i think most of them are ready to pay 156% as we made mistake not opting pension in 1995-96 because of our great leaders only.But now when they have achieved it.still after 3 months no option letters ect.When there is no stay for retirees why Shridharhttps://www.blogger.com/profile/12249200218420103662noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-10855750092270197842010-07-31T12:43:42.777+05:302010-07-31T12:43:42.777+05:30when everybody says no court stay for pension to r...when everybody says no court stay for pension to retirees then why there is a delay in sending option letters to retirees from respective banks. IBA,UFBU,AIBOC AIBOA AIBEA NCBE SHOULD ACT IMMEDIATELY to do justice to retirees MAJORITY are senior citizensUnknownhttps://www.blogger.com/profile/12966590795648696059noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-65327733328365883052010-07-29T12:16:49.967+05:302010-07-29T12:16:49.967+05:30Leaders will do what is beneficial to them by way ...Leaders will do what is beneficial to them by way of publicity etc. They are definitely more concerned about silver jubilee celebrations than pension of retired officers who are not members of their associations. They are professionals and know well, to whom they should support and give yield to themkavyahttps://www.blogger.com/profile/04909278852499961008noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-13857544079194135912010-07-29T10:54:16.021+05:302010-07-29T10:54:16.021+05:30I STRONGLY SUPPORT THE VIEWS OF M/S SRIDHAR AND VA...I STRONGLY SUPPORT THE VIEWS OF M/S SRIDHAR AND VASU WHO HAVE VENT OUT THEIR FEELINGS FROM THE BOTTOM OF THEIR HEARTS. I AM ALSO ONE OF THE RETIRED PERSONS RECENTLY(MAY 2010) AND REQUESTED TO HOLD BANK'S PF CONTRIBUTION AND WITHOUT SALARY/PENSION FOR THE PAST 3 MONTHS.THE PROGRESS IN THE HIGHCOURT IS NOT POSTED THEN AND THERE TO RELIEVE US FROM ANXIETY OR TO KNOW WHERE THE MATTER STANDS. sureshhttps://www.blogger.com/profile/18275232278194878227noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-64689447153434771552010-07-28T19:23:55.933+05:302010-07-28T19:23:55.933+05:30Ref: shridhars' post of 28/7/2010. I fully end...Ref: shridhars' post of 28/7/2010. I fully endorse his views. As those in service have no immediate concern they could afford to wait. But retired persons who have not opted for pension and who hope to avail of the present offer are literally in their last legs of life and are anxious to avail of the benefit. If the ongoing court case does not in any way restrict the retirees case why not Vasuhttps://www.blogger.com/profile/04760309591269568740noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-68075236361067961032010-07-28T13:53:58.670+05:302010-07-28T13:53:58.670+05:30What happened court case on 26th no news still sta...What happened court case on 26th no news still stay is not vacated.For retirees AIBOC says there is no stay then why late to issue option letters ect.Only saying iba has recommended to govt and govt has considered favorably but for implementation govt is not giving instructions to iba for implementation to retirees.every morning going to web site hoping that some thing will come for it.but no Shridharhttps://www.blogger.com/profile/12249200218420103662noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-30064427954463905402010-07-28T12:18:21.674+05:302010-07-28T12:18:21.674+05:30God has given but priest is preventing. This is th...God has given but priest is preventing. This is the case now.Entire matter should be left to individual employees either to opt or reject the second option. If it is beneficial or not they have to decide on their own. Since there is no restrictive clause of forefeiture of pension, everybody can take his/her own decision. Now no body will listen to other's advise in view of the past experienceSHANKARhttps://www.blogger.com/profile/16503853687550964067noreply@blogger.com