Bank Pensioners' Pension Revision:

Petition to:

Shri Narendra Modi Ji,
Hon'ble Prime Minister,
Government of India,
NEW DELHI

&

His Companion Hon'ble Cabinet Ministers,
Government of India,
New Delhi

Respected Sirs/ Madams,

            Sub: Bank Pensioners' Pension Revision:

We beg upon you to please  condone our audacity
and allow us to submit something about the agonies of about 5 lakh Bank Pensioners, similar to OROP issue of Defense, dragged over last 25 years.

All along 5 years of 2014-2019, we made countless representations to your good offices. Several representations have been made to new govt and our representatives have had met Hon'ble Finance Minister and other Ministers. So, the issues are well placed in the knowledge of ministry concerned.

We beg to invite your kind attention to the miserable financial conditions of Bank Pensioners, whose Pension has not been revised, ever since it was introduced from 1.1.1986.

All our efforts failed and couldn't impress upon Hon'ble FM  to look into the pathetic conditions of Bank Pensioners, who are languishing under financial distress for last 25 years.

We seek your kind indulgence & support, being ultimate Authority, in this regard. You all would be sad to know, Bank Pensioners get Pension fixed on Pay they drew last on retirement.

We very earnestly request you all to please take in notice the Pay structure of 1986s onward to 2012, during which Banking wages were revised on 5 occasions and further 6th revision is in process from 2017.

Family Pension is just 15%, making one's living worst & miserable, in 4/5000 rupees.

No medical support or any kinds of help from banks to retirees. Mediclaim Policy Premium is soaring between 25000 to 35000 p.a. Pertinent point is: how such hefty premium could be borne by poor pensioners, which is more than 2 months' Pension or 5 months' Family Pension? As a result, over 65% pensioners couldn't take mediclaim cover and they are left to die of disease and hunger. They are from clerical & peon cadre.

For the sake of humanity and to protect us from hunger & disease, please take up our under noted demands for kind consideration and arrive at some logical conclusion to part justice to about 5 lakh Bank Pensioners.

Our Pension is similar to RBI. Our Pension Agreement, 1993 is under ID Act, which says, 'all other terms and conditions, including Pension revision shall be as per RBI Pension Scheme'. Now,  RBI pension is revised. In terms of Agreement, referred to above, our Pension should also be revised on same terms and conditions, as done in RBI.

Our Pension Payment doesn't cost to or cause any financial burden on Banks as it is paid from the income of Pension Fund, contributed by Pensioners in their service time. However, in case Banks will have to cough up few crores, it shouldn't matter for them, since for financial reasons, if wage revision cant be denied, how Pension Revision can any more be denied. Justice must prevail. Bank pensioners need is greater than the profit need of Banks.

Our issues are as under:

1. Minimum health cover at Banks cost.
    Presently Premium is borne by Pensioners.

2. Family Pension Revision at 30%.
    Presently it is 15%, too meagre & unsustainable.

3. Pension Revision on RBI line. Pension Agreement,
    1993 is under ID Act, which mentions revision will
    be as per RBI Pension Scheme.
 

4. 100% DA to pre-2002 retiree. Discrimination and
     Gratuity Decisions, Court cases must end.

5. Quarterly DA to Pensioners, as in
    Case of regular employees/officers.

Regards,


J. N. Shukla
National Convenor
Forum Of Bank Pensioner Activists
B-26, Govindpur Colony,
Prayagraj 211 004

Dated 14th Aug., 2019

9559748834
jagat.n.shukla@gmail.com