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Transcript of All India Canara Bank Retirees' Federation(Regd)
57AICBRF - 2ND Triennial Conference
All India Canara BankRetirees’ Federation (Regd)
INFORMATION DOCUMENTS2ND TRIENNIAL CONFERENCE
FEBRUARY 24-25, 2016 KOCHI
(Affiliated to All India Bank Retirees’ Federation)
58 AICBRF - 2ND Triennial Conference
LIST OF AIBRF AFFILIATES
PUBLIC SECTOR BANKS (23):
01. ALLAHABAD BANK
02. BANK OF INDIA
03. ANDHRA BANK
04. BANK OF BARODA
05. BANK OF MAHARASHTRA
06. CENTRAL BANK OF INDIA
07. CANARA BANK
08. CORPORATION BANK
09. DENA BANK
10. INDIAN BANK
11. INDIAN OVERSEAS BANK
12. PUNJAB NATIONAL BANK
13. SYNDICATE BANK
14. STATE BANK OF MYSORE
15. STATE BANK OF TRAVANCORE
16. UCO BANK
17. UNITED BANK OF INDIA
18. UNION BANK OF INDIA
19. VIJAYA BANK
20. STATE BANK OF PATIALA RETD OFFICERS’ ASSOCN
21. ALL INDIA STATE BANK OF PATIALA RETD EMPLOYEES’ ASSOCIATION
22. STATE BANK OF INDORE RETD OFFICERS’ ASSOCIATION
23. PUNJAB & SIND BANK
59AICBRF - 2ND Triennial Conference
PRIVATE SECTOR BANKS (14):
01. CATHOLIC SYRIAN BANK
02. ICICI BANK
03. J & K BANK RETD. OFFICERS’ ASSOCN., (PRE-1986)
04. FEDERAL BANK
05. KARUR VYSYA BANK
06. ING VYSYA BANK
07. TAMILNADU MERCANTILE BANK
08. KARNATAKA BANK
09. DHANALAKSHMI BANK
10. HDFC BANK
11. SOUTH INDIAN BANK
12. KERALA GRAMIN BANK
13. J & K BANK PENSIONERS’ WELFARE FEDERATION
14. RATNAKAR BANK
FOREIGN BANKS (2):
01. STANDARD CHARTERED BANK RETIREES’ ASSOCIATION
02. STANCHART BANK RETIREES’ ASSOCIATION
ASSOCIATION/LOCAL BODIES PROVIDING DIRECT MEMBERSHIP (5):
01. M.P. BANK RETIREES’ ASSOCIATION - INDORE
02. BELGAUM BANK RETIREES’ ASSOCIATION
03. ALL KERALA BANK RETIREES’ FEDERATION
04. ANDHRA PRADESH BANK RETIREES’ FEDERATION
05. M.P.BANK RETIREES’ ASSOCIATION - RAIPUR
60 AICBRF - 2ND Triennial Conference
STATE FEDEARTIONS (11):
01. ANDHRA PRADESH
02. GUJARAT
03. KERALA
04. KARNATAKA
05. MAHARSHTRA
06. MADHYA PRADESH AND CHHATISGARH
07. NORTH EASTERN STATES COMPRISING ASSAM, MEGHALAYA, TRIPURA, ARUNACHALPRADESH & NAGALAND
08. ODISHA
09. TAMILNADU
10. UTTAR PRADESH
11. WEST BENGAL
SUMURRY OF AFFILIATES:
PUBLIC SECTOR BANKS 23
01. PRIVATE SECTOR BANKS 14
02. FOREIGN BANKS 02
03. LOCAL ASSOCIATIONS/BODIES 05
TOTAL 44
PRIMARY MEMBERSHIP OF AFFILIATES CROSSED 1,35,000
61AICBRF - 2ND Triennial Conference
IBA CIRCULARS ON PENSION MATTERSSl No.
01
02
03
04
05
06
07
08
09
10
IBA CIR. No.
PD/CIR/76/G(ii)1846
PD/CIR/76/G(ii)/993
PD/CIR/76/6(ii)/1739
PD/CIR/76/G(ii)/1803
PD/CIR/76/G(ii)/1831
PD/CIR/76/G(ii)/2139
PD/CIR/76/G(ii)/285
PD/CIR/76/G(ii)/296
PD/CIR/76/G(ii)/391
PD/CIR/76/G(ii)/392
DATE
18.02.1995
19.09.1995
05.12.1995
13.12.1995
15.12.1995
17.01.1996
30.05.1996
31.05.1996
11.06.1996
12.06.1996
SUBJECT OF THE CIRCULAR
BEPR 1993 NETTING, COMMON DATE FORMAKING COMMUTATION ABSOLUTE, INT.RATE ON CPF ON ACCOUNT OF REFUND
APPROVAL FOR DRAFT PENSION REGULATIONSRECEIVED FROM GOVT. OF INDIA, MoF(BANKING DIVISION)
GUIDELINES FOR SETTLEMENT OF FAMILYPENSION TO FAMILIES OF EMPLOYEESWHOSE WHEREABOUTS ARE NOT KNOWN
MODEL PENSION TRUST DEED & MODELDEED OF VARIATION
NETTING FACILITY TO EMPLOYEES WHORETIRED ON OR AFTER 01.01.1986 BUTBEFORE THE NOTIFIED DATE
CREATION OF PENSION TRUST & AD-HOCPAYMENT OF PENSIONARY BENEFIT, PENDINGIT APPROVAL TO THE TRUST/FUND; “NOOBJECTION” OF CBDT TO TRANSFERACCUMULATED EMPLOYER’S CONTRIBUTIONIN THE PF TO PENSION FUND IN RESPECT OFPENSION OPTEES
RECKONING OF DATE ON WHICH COMMUTATIONBECAME ABSOLUTE IN THE CASE OF THOSEWHO RETIRED BEFORE 01.11.1993.
ENCASHMENT OF LEAVE TO EMPLOYEESWHO SEEK VOLUNTARY RETIREMENT UNDERREGULATION 29 OF BEPR 1995
WAIVER OF INTEREST AFTER 01.04.1995 ONPF AMOUNT TO BE REFUNDED BY RETIREDEMPLOYEES / FAMILY MEMBERS OFDECEASED EMPLOYEES.
SIMILAR GUIDELINES TO PRIVATE SECTORBANKS AS IN SERIAL NUMBER 09
62 AICBRF - 2ND Triennial Conference
11
12
13
14
15
16
17
18
19
20
21
22
23
20.07.1996
05.09.1996
07.09.1996
11.11.1996
19.12.1996
19.06.1997
05.07.1997
12.08.1997
02.01.1998
04.01.1998
19.01.1998
28.07.1998
18.11.1998
DEFINITION OF PAY FOR PENSION -6TH BIPARTITE SETTLEMENT
PROCEDURE FOR PAYMENT OF PENSION TORETIREES SETTLED OUTSIDE INDIA
DELETING STRIKE CLAUSE IN BEPR 1995
PAYMENT OF MINIMUM FP & DR THEREONIN CASES WHERE AGGREGATE OF BASICFAMILY PENSION AND ADDITIONAL FAMILYPENSION FALLS SHORT OF MINIMUMFAMILY PENSION.
NOTIFICATION DATED 06.12.1996
UPDATION OF PENSION IN RESPECT OFTHOSE WHO HAVE DRAWN PARTLY PRE-REVISED AND PARTLY REVISED PAY I.E. AS PERPAY SCALES AS IN V BPS AND VI BPS
CHECK LIST FOR BANK’S MEDICAL OFFICERSWHILE CARRYING OUT MEDICAL EXAMINATIONOF RETIRED EMPLOYEES SEEKING COMMUTATIONOF PENSION.
GOVT’S DECISION ON SETTING UP OF FUND,INVESTMENT OF FUND MONEYS ANDPURCAHSE OF ANNJUITY FROM LIC BY PRIVATESECTOR BANKS
AMENDMENT TO REGULATION 22 (4) (b)BEPR 1995 – DELETION OF CLAUSE RELATINGTO FORFEITURE OF PAST SERVICE FORPARTICIPATION IN STRIKES.
VOLUNTARY RETIREMENT AS PER BEPR1995
PTEs – REFUND OF PF IN RESPECT OF INELIGIBLECASES
REGULN 39 OF BEPR 1995 – COMPUTATIONOF FAMILY PENSION
BEPR 1995 - UPDATION OF PENSION
PD/CIR/76/G(ii)/630
PD/CIR/76/G(ii)/928
PD/CIR/76/G(ii)/943
PD/CIR/76/G(ii)/1381
PD/CIR/76/G(ii)/1696
PD/CIR/76/G(ii)/490
PD/CIR/76/G(ii)/592
PD/CIR/76/G(ii)/821
PD/CIR/76/G(ii)/1545
PD/KVK/85/G(ii)/2037
PD/CIR/76/G(ii)/1638
PD/CIR/76/G(ii)/495
PD/CIR/76/G(ii)/1109
63AICBRF - 2ND Triennial Conference
24
25
26
27
28
29
30
10.12.1998
04.03.1998
02.06.1998
12.06.1998
26.06.1998
28.07.1998
18.11.1998
COUNTING PERIODS OF EXTRAORDINARYLEAVE ON LOP AS QUALIFYING SERVICE FORPENSION – PROSPECTIVE EFFECT OF REGU-LATION 17 PROVIDED THE REQUISITE DIREC-TIVE HAS BEEN GIVEN BY THE SANCTIONINGAUTHORITY
PAYMENT OF PENSION ARREARS FROM01.11.1993 TO ELIGIBLE MEMBERS OF FAM-ILY WHERE THE EMPLOYEE HAD RETIRED BE-FORE 01.11.1993 BUT DIED SUBSEQUENTLYBEFORE NOTIFIED DATE.
PAYMENT OF MINIMUM PENSION AND DRIN CASES WHERE BASIC PENSION IS LESSTHAN ADMISSIBLE MINIMUM PENSION BUTAGGREGATE OF BASIC PENSION AND ADDI-TIONAL PENSION IS MORE THAN THE MINI-MUM PENSION.
FORMULA/METHOD FOR TRANSFER OF THESECURITIES RELATING TO INVESTMENT OF PFMONEYS TO PENSION FUND BASED ON AV-ERAGE MATURITY AND AVERAGE YIELD
REVISION IN THE UPPER LIMIT ON THEEMPLOYER’S ANNUAL CONTRIBUTION TOPENSION FUND FROM 25% TO 27% OF THEEMPLOYEE’S PAY FOR EACH YEAR.
RATE OF FAMILY PENSION IN CASES WHERETHE PENSION AUTHORISED TO THE EM-PLOYEE ON HIS RETIREMENT IS LESS THANTHE AMOUNT OF FAMILY PENSION AT ORDI-NARY RATES.
OPTN TO DRAW PENSION WITH REFERENCETO PAY AS PER SCALES IN EXISTANCE PRIORTO 01.11.1992/ 01.07.1993 IN CASES WHERECONSEQUENT UPON UPDATION OF PEN-SION, THE AGGREGATE OF BASIC PENSION& D.R. REDUCED.
PD/CIR/76/G(ii)/1778
PD/CIR/76/G(ii)/1939
PD/CIR/76/G(ii)/191
PD/CIR/76/G(ii)/221
PD/CIR/76/G(ii)/289
PD/CIR/76/G(ii)/495
PD/CIR/76/G(ii)/1109
64 AICBRF - 2ND Triennial Conference
31
32
33
34
35
36
37
38
39
40
WHEREVER PENSIONER OPTED TO DRAWPENSION ON PRE-REVISED SCALES OF PAYAND HAS BEEN PAID ACCORDINGLY, FP IN HISCASE WILL ALSO HAVE TO BE ARRIVED AT BYRECKONING THE PAY THAT HAS BEEN RECKONEDFOR ARRIVING AT AVERAGE EMOLUMENTSFOR PENSION.
“PAY” TO BE RECKONED FOR AVERAGEEMOLUMENTS IN THE CASE OF EMPLOYEEWHO RETIRES ON SUPERANNUATIONWHILE ON DEPUTATION TO ANOTHERORGANISATION.
OPTION BETWEEN MILITARY FAMILY PEN-SION AND FAMILY PENSION UNDER BEPR1995 (PL. REF TO SL. Nos. 26 & 28)
DEARNESS RELIEF ON EX-GRATIA
BROKEN PERIOD OF SERVICE OF LESS THANONE YEAR BUT MORE THAN 6 MONTHS , NOTTO BE RECKONED FOR DETERMINING MINIMUMSERICE REQUIRED TO MAKE AN EMPLOYEEELIGIBLE FOR PENSION (PL REFER TOREGULATION 18)
WHAT CONSTITUTES INITIATION OF DEPARTMENTALPROCEEDINGS / INSITUTION OF JUDICIALPROCEEDINGS?
CLARIFICATION ON DRAWAL OF MILITARYFAMILY PENSION BY THOSE WHO DRAWNFAMILY PENSION UNDER BEPR 1995 (PL. SEESL. Nos. 23 & 28)
PAYMENT OF PROVISIONAL PENSION WHERETHERE IS LIKELY DELAY IN PROCESSING OFPENSION PAPERS AND GRANT OF FINALPENSION.
AS IN SL. Nos. 23 & 26
GRANTING EX-GRATIA TO SURVIVING PRE-01.01.1986 RETIREES
PD/CIR/76/G(ii)/1492
PD/CIR/76/G(ii)/1521
PD/CIR/76/G(ii)/212
PD/CIR/76/G(ii)/76
PD/CIR/76/G2/797
PD/CIR/76/G2/1136
PD/CIR/76/G2/1218
PD/CIR/76/G2/1655
PD/CIR/76/G2/1805
PD/CIR/76/G(ii)/67
04.01.1999
11.01.1999
13.05.1999
17.05.1999
14.08.1999
12.10.1999
30.10.1999
15.01.2000
10.02.2000
17.04.2000
65AICBRF - 2ND Triennial Conference
BPS/27.03.2000 – COMPTN OF PENSION
GRANT OF PENSIONARY BENEFITS TO OFFICERSWHO VOLUNTARILY RETIRED FROM SERVICESOF THE BANK DURING THE PERIOD01.01.1986 TO 31.10.1993
COMPUTATION OF PENSION CONSEQUENTTO WAGE REVISION OF WORKMEN – BPSDATED 27.03.2000
COMPUTATION OF AVERAGE EMOLUMENTS– RECKONING OF DA AT 1616 POINTS
METHOD OF COMPUTATION OF PENSIONCONSEQUENT UPON PAY REVISION OFOFFICERS IN TERMS OF JOINT NOTE DATED14.12.1999 AND OF WORKMEN IN TERMS OF7TH BPS DATED 27.03.2000
BENEFITS OF REGLN 29 (5) NOT AVAILABLEFOR VRS OPTEES UNDER VRS 2000
DR-PENSN– RE-EMPLOYED EX-SERVICEMEN
AMENDMENTS TO REGLN 28 OF BEPR 1995PRO-RATA PENSION IN CASE OF RETIREMENTPRIOR TO ATTAINING AGE OF SUPERANNUATIONUNDER A SPECIFIC SCHEME OF THE BANK.
GUIDELINES FOR GRANTING COMPASSIONATEALLOWANCE UNDER REGULATION 31 OFBEPR 1995.
PROPOSED AMENDMENTS TO BEPR 1995 &GAZETTEE NOTIFICATION TO BE ISSUED
AMENDMENTS TO BEPR 1995 – RECTIFICATIONOF DISCREPANCIES
RECTIFICATION OF ERRORS & OMISSIONS INDRAFT NOTIFICATION OF AMENDMENTS
41
42
43
44
45
46
47
48
49
50
51
52
03.05.2000
01.06.2000
04.09.2000
27.09.2000
23.10.2000
25.01.2001
19.03.2001
05.12.2001
08.01.2002
23.01.2002
05.02.2002
02.03.2002
PD/CIR/76/G(2)/163
PD/CIR/76/G2/394
PD/CIR/76/G(ii)/938
PD/CIR/76/G(ii)/1106
PD/CIR/76/G2/1284
PD/CIR/76/G2/1766
PD/CIR/76/G2/589/2045
PD/CIR/76/G2/1128
PD/CIR/76/G2/1242
PD/CIR/76/G(ii)/1317
PD/CIR/76/G(ii)/1387
PD/CIR/76/G(ii)/1524
66 AICBRF - 2ND Triennial Conference
EXAMPLES ON UPDATION OF FP/ADDNL FPIN RESPECT OF EMPLOYEES WHO WERE INTHE SERVICE OF THE BANK ON OR AFTER01.01.1986 AND HAD DIED WHILE IN SERVICEON OR BEFORE 31.10.1987 OR HAD RETIREDON OR BEFORE 31.10.1987, BUT DIED.
PROCEDURE TO ARRIVE AT PENSION PAYABLETO PART-TIME EMPLOYEES ON SCALE WAGES
NO IMPACT ON AVERAGE EMOLUMENTS FORPARTICIPATION IN STRIKE WITH LOP
COMMUTATION OF PENSION AND EFFECTIVEDATE OF COMMENCEMENT OF PAYMENT OFRESIDUAL PENSION
PENSION UNDER 8TH BIPARTITE SETLEMENT
RE-DEFINITION OF PAY AS PER BPS/JN DATED02.06.2005
CONSTITUTION OF GRIEVANCES REDRESSALCELL IN BANKS
PENSION OPTION – SHARING OF COST
ANOTHER PENSION OPTION – IMPLEMENTNOF 9TH BPS & JOINT NOTE DT. 27.04.2010
NEW PENSION SCHEME FOR THOSE JOININGBANKS ON OR AFTER 01.04.2010
PENSION FOR THOSE RETIRED BETWEEN01.11.2007 TO 31.07.2008
ANOTHER PENSION OPTION TO OFFICERSRETIRED UNDER VRS AS PER OSR
CORRIGENDUM TO IBA CIRCULAR ONANOTHER PENSION OPTION TO OFFICERSRETIRED UNDER VRS AS PER OSR
INCREASE IN EX-GRATIA AMOUNT TO PRE 86RETIREES & SURVIVING SPOUSES
53
54
55
56
57
58
59
60
61
62
63
64
65
66
PD/CIR/76/G2/1558
PD/CIR/76/G2/105
PD/GSN/SBT/G2/276
PD/CIR/76/G2/337
RECORD NOTE
PD/76/D/G2/2005-06/557
CIR/HR & IR/G2/2008-09/3059
RECORD NOTE
CIR/HR & IR/G2/665/90/2010-11/999
CIR/HR & IR/G2(DC)/2010-11/1036
CIR/HR & IR/G2/2010-11/1502
CIR/HR & IR/2012-13/G2/6213
CIR/HR & IR/2012-13/ G2/6219
CIR/HR & IR/G3/2013-14/8613
07.03.2002
19.04.2002
22.05.2002
28.06.2003
22.06.2005
28.06.2005
30.03.2009
27.11.2009
10.08.2010
23.09.2010
13.10.2010
09.11.2012
12.11.2012
06.01.2014
67AICBRF - 2ND Triennial Conference
COMPASSIONATE JOBS IN PSBs
ENCASHMENT OF PL ON COMPULSORYRETIREMENT
CALCULATION OF PENSION FOR THOSERETIRED BETWEEN 01.11.2012 AND31.07.2013
SUPERANNUATION BENEFITS TO THOSEIMPOSED WITH PUNISHMENT OF REMOVAL /DISCHARGED FROM BANK SERVICE
FITMENT FORMULA ON PROMOTION OFSUBSTAFF TO CLERICAL CADRE
FITMENT FORMULA ON PROMOTION OFCLERICAL TO OFFICER CADRE
REVISION OF HALTING ALLOWANCE
TA/DA TO SERVING/RETD EMPLOYEES FORATTENDING DISCIPLINARY / CRIMINALPROCEEDINGS AS CHARGED OFFICER,PROSECUTING / DEFENCE WITNESS.
SUPERANNUATION BENEFITS TO EMPLOYEESREMOVED / COMPULSORILY RETD /DISCHARGED FROM SERVICE
31.12.2014
11.05.2015
08.06.2015
30.06.2015
07.08.2015
07.08.2015
15.09.2015
19.11.2015
23.12.2015
CIR/HR&IR/2014-25/532/1108HR&IR/76/H7/E9/755
CIR/HR&IR/G2/2015/S-2016/874
CIR/HR&IR/KU/M1/1004
CIR/HR&IR/515/2015-2016/1194
CIR/HR&IR/582/2015-16/1195
HR&IR/CIR/2015-2016/E/(ix)/1348HR&IR/CIR/2015-2016/E9/M1/1641
HR&IR/CIR/2015-16/M1/1852
67
68
69
70
71
72
73
74
75
68 AICBRF - 2ND Triennial Conference
GOVERNMENT OF INDIA INSTRUCTIONS TOPSBs ON PENSION MATTERS
SL. No. LETTER NUMBER DATE PARTICULARS
F.No.4/8/14/96-IRF.4/8/16/96-IR
F.4/8/16/98-IRF.No.11/3/92-IRF.4/4/6/99-IR
F.4/8/4/22/98-IR
F.4/8/22/2001-IR
F.No.5/7/2003-ECB& PRG.I., M.F.F.No.1(7)(2)/ 2003/ TA/11O.M.No.1(7)(2)/2003/TA/ 67-74F.No.9/11/2005-IR
F.No.4/9/1-2014-IR(Pt)
F.No.4/1/1/2015-IRDFSF.No.6
F.No.4/2/2/2015-IRDFS
29.06.199606.08.1996
14.10.199826.11.199828.07.2000
05.02.2002
19.02.2002
22.12.2003
07.01.2004
04.02.2004
12.01.2014
05.01.2015
20.08.2015
01.01.2016
02.01.2016
PENSION AS PER 6TH BPSREGULATION 26 OF BEPR 1995 - ADDITION TOQUALIFYNG SERVICE IN SPECIAL CIRCUMSTANCES.—DO—AMOUNT OF EX-GRATIAADMISSIBILITY OF TA UNDER VRS IN TERMSOF REGLN 29 OF BEPR 1995. (PVT SECTORBANKS ADVISED VIDE CIRCULAR No: PD/CIR/76/E9/831 DATED 10.08.2000SERVICE RENDERED IN BANKS/ FINANCIALINSTITUTIONS CANNOT BE COUNTED ASQUALIFYING SERVICE UNDER GOVERNMENTFOR PENSION AND VICE-VERSA.ADMISSION TO THE PENSION FUND OF AN OFFICEROR A WORKMEN EMPLOYEE WHO COULDNOT EXERCISE OPTION FOR PENSION BECAUSEHE/SHE STOOD EITHER DISMISSED ORCOMPULSORILY RETIRED ON 29.09.1995, BUTLATER GOT REINSTATED EITHER DUE TO DECISIONOF THE COURT OR APPELLATE AUTHORITY.DEFINED CONTRIBUTION PENSION – NEWPENSION SCHEMEOPERATIONALISATION OF NEW PENSIONSYSTEM FROM 01.01.2004—DO—
ENGAGEMENT OF RETD OFFICERS ASADVISORS/CONSULTANTSFREEDOM OF NON-INTERFERENCE OF PSBsON COMMERCIAL DECISIONS/TRANSFERS/POSTINGSNOTIFICATION OF 2nd & 4th SATURDAY AS HOLI-DAYS.GAZETTE NOTIFICATIN ON PAYMENT OFBONUS AMENDMENT ACT 2015INITIATING PROCESS FOR 11th BIPARTITEWAGE NEGOTATIONS
1
345
6
7
8
9
10
2
11
12
13
14
15
79AICBRF - 2ND Triennial Conference
CANARA BANK EMPLOYEES’ PENSION FUND
GROWTH OF PENSION FUND CORPUS
FINANCIAL YEAR PENSION FUND CORPUS IN CRORES
1995 - 1996
1996 - 1997
1997 - 1998
1998 - 1999
1999 - 2000
2000 - 2001
2001 - 2002
2002 - 2003
2003 - 2004
2004 - 2005
2005 - 2006
2006 - 2007
2007 - 2008
2008 - 2009
2009 - 2010
2010 - 2011
2011 - 2012
2012 - 2013
2013 - 2014
2014 - 2015
0000.00
0174.36
0213.71
0250.72
0301.62
0370.75
0526.19
0638.51
0748.34
0905.92
1136.81
1380.50
2661.24
3019.32
3384.34
7189.14
7781.25
8345.31
8767.00
9644.00
85AICBRF - 2ND Triennial Conference
Claim Applicationto be submitted
Claim Applicationto be submitted
Claim Applicationto be submitted
Claim Applicationto be submitted
Claim Applicationto be submitted
DischargeReceipt to besubmited.
87AICBRF - 2ND Triennial Conference
RATE
OF
FAM
ILY P
ENSI
ON
- TA
BLE
AS P
ER 5
TH B
PSAS
PER
6TH
BPS
AS P
ER 7
TH B
PS
Cess
atio
n 01
-01-
86 to
31-
10-9
2 (W
)Ce
ssat
ion
01-0
1-86
to 3
0-06
-93
(O)
Cess
atio
n 01
-11-
92 to
31-
03-9
8 (W
)Ce
ssat
ion
01-0
7-93
to 3
1-03
-98
(O)
Cess
atio
n 01
-04-
98 to
31-
10-0
2(B
oth
W &
O)
Scal
e of
pay
last
dra
wn
1. U
pto
Rs.1
500/
-
(Min
. 375
)
2. R
s.15
01/-
to R
s.30
00/-
(Min
. 450
)
3. A
bove
Rs.
3000
/-
(Min
. 600
)
Rate
of F
P
30%
(Max
. 450
)
20%
(Max
. 600
)
15%
(Max
. 125
0)
Scal
e of
pay
last
dra
wn
1. U
pto
Rs.2
870/
-
(Min
. 720
)
2. R
s.28
71/-
to R
s.57
40/-
(Min
. 860
)
3. A
bove
Rs.
5740
/-
(Min
. 115
0)
Rate
of F
P
30%
(Max
. 860
)
20%
(Max
. 115
0)
15%
(Max
. 240
0)
Scal
e of
pay
last
dra
wn
1. U
pto
Rs.4
040/
-
(Min
. 101
5)
2. R
s.40
40/-
to R
s.80
80/-
(Min
. 121
2)
3. A
bove
Rs.
8080
/-
(Min
. 161
6)
Rate
of F
P
30%
(Max
. 121
2)
20%
(Max
. 161
6)
15%
(Max
. 337
8)
88 AICBRF - 2ND Triennial Conference
AS P
ER 8
TH B
PS CCes
satio
n on
or a
fter
01-
11-0
2on
war
ds (B
oth
O &
W w
.e.f
01-0
5-05
)Ce
ssat
ion
01-0
4-98
to 3
1-10
-02
(Bot
h O
& W
w.e
.f 01
-05-
05)
Scal
e of
pay
last
dra
wn
1. U
pto
Rs.4
210/
-
(Min
. 105
6)
2. R
s.42
10/-
to R
s.84
20/-
(Min
. 126
2)
3. A
bove
Rs.
8420
/-
(Min
. 168
7)
Rate
of F
P
30%
(Max
. 126
2)
20%
(Max
. 168
7)
15%
(Max
. 352
1)
Scal
e of
pay
last
dra
wn
1. U
pto
Rs.5
720/
-
(Min
. 143
5)
2. R
s.572
1/- t
o Rs
.114
40/-
(Min
. 171
5)
3. A
bove
Rs.
1144
0/-
(Min
. 229
2)
Rate
of F
P
30%
(Max
. 171
5)
20%
(Max
. 229
2)
15%
(Max
. 478
4)
89AICBRF - 2ND Triennial Conference
Not
e: In
the
case
of P
art-t
ime
empl
oyee
s, th
e m
inim
um a
mou
nt o
f Fam
ily P
ensio
n an
d th
e m
axim
um a
mou
nt o
f Fam
ilyPe
nsio
n sh
all b
e in
pro
port
ion
to th
e ra
te o
f sca
le w
ages
dra
wn
by th
e em
ploy
ee.
Min
imum
Pen
sion
:
In r
espe
ct o
f em
ploy
ees
othe
r th
an P
art-t
ime
empl
oyee
s w
ho r
etire
d on
or
afte
r 01
-11-
2007
, the
am
ount
of M
inim
umPe
nsio
n sh
all b
e Rs
.1,7
79/-
p.m
. In
resp
ect o
f Par
t-tim
e em
ploy
ees w
ho re
tired
on
or a
fter 0
1-11
-200
7, m
inim
um p
ensio
npa
yabl
e sh
all b
e as
follo
ws:
AS P
ER 9
TH B
PS (B
oth
O &
W)
Cess
atio
n on
or a
fter 0
1-11
-200
7 on
war
ds
Scal
e of
pay
last
dra
wn
1. U
pto
Rs.7
090/
-
(Min
. 177
9)
2. R
s.70
91/-
to R
s.14
180/
-
(Min
. 218
6)
3. A
bove
Rs.
1418
1/-
(Min
. 284
1)
Rate
of F
P
30%
(Max
. 218
6)
20%
(Max
. 284
1)
15%
(Max
. 593
0)
Scal
e of
PTE
Min
imum
Pen
sion
1/3
Scal
e W
ages
Rs.5
95/-
p.
m.
½ S
cale
Wag
esRs
.892
/-
p.m
.
¾ S
cale
Wag
esRs
.133
9/- p
.m.
90 AICBRF - 2ND Triennial Conference
In re
spec
t of e
mpl
oyee
s (ot
her t
han
part
-tim
e em
ploy
ees)
who
retir
e/re
tired
from
serv
ice
on o
r aft
er 0
1.11
.201
2 th
e or
dina
ryra
te o
f pen
sion
shal
l be
as u
nder
:
Not
e:- I
n th
e ca
se o
f par
t-tim
e em
ploy
ees,
the
min
imum
am
ount
of f
amily
pen
sion
and
the
max
imum
am
ount
of f
amily
pens
ion
shal
l be
in p
ropo
rtio
n to
the
rate
of s
cale
wag
es d
raw
n by
the
empl
oyee
.
(IV) M
INIM
UM
PEN
SIO
N: I
n re
spec
t of e
mpl
oyee
s oth
er th
an p
art-t
ime
empl
oyee
s, w
ho re
tired
on
or a
fter
01/
11/2
012,
the
amou
nt o
f min
imum
pen
sion
shal
l be
Rs.2
,785
p.m
. In
resp
ect o
f par
t-tim
e em
ploy
ees w
ho re
tired
on
or a
fter 0
1/11
/201
2,th
e m
inim
um p
ensio
n pa
yabl
e sh
all b
e Rs
.932
p.m
. in
resp
ect o
f par
t-tim
e em
ploy
ees
draw
ing
1/3
scal
e w
ages
, Rs.
1,39
7p.
m. i
n re
spec
t of p
art-t
ime
empl
oyee
s dra
win
g ½
scal
e w
ages
and
Rs.
2,0
96 p
.m. i
n re
spec
t of p
art-t
ime
empl
oyee
s dra
win
g¾
scal
e w
ages
.
AS P
ER 1
0th B
PS B
OTH
FO
R 0
& W
CESS
ATIO
N O
N O
R AF
TER
01.1
1.20
12 O
NW
ARD
S
Scal
e of
Pay
per
mon
th
Upto
Rs.
11,1
00/-
From
Rs.
11,1
01/-
to R
s. 2
2,20
0/-
Abov
e Rs
.22,
200/
-
Amou
nt o
f Mon
thly
Fam
ily P
ensio
n
30 p
er c
ent o
f the
‘pay
’ sub
ject
to a
Min
imum
of R
s. 2
,785
/- p
er m
onth
.
20 p
er c
ent o
f the
‘pay
’ sub
ject
to a
Min
imum
of R
s.3,
422/
- per
mon
th.
15 p
er c
ent o
f the
‘pay
’ sub
ject
to a
Min
imum
of R
s.4,
448/
- per
mon
th a
ndM
axim
um o
f Rs.
9,28
4/- p
er m
onth
.
91AICBRF - 2ND Triennial Conference
CON
SUM
ER P
RICE
IND
EX F
IGU
RES
BASE
198
2 =
100
YEAR
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEPT
OCT
NO
VD
ECAV
G19
8816
616
816
619
8916
516
516
616
716
917
017
217
417
617
617
617
517
119
9017
417
517
718
018
218
518
919
019
119
519
819
918
619
9120
220
220
120
220
420
921
421
722
122
322
522
521
219
9222
822
922
923
123
423
624
224
224
324
424
424
323
719
9324
124
124
324
524
625
025
325
625
926
226
526
425
219
9426
326
526
726
927
227
728
128
428
828
929
128
927
819
9528
929
129
329
530
030
631
331
531
731
932
131
730
619
9631
531
631
932
432
833
333
934
334
434
634
935
033
419
9735
035
035
135
435
235
535
835
936
136
536
637
235
819
9838
438
238
038
338
939
941
141
342
043
343
842
940
519
9942
041
541
441
541
942
042
442
642
943
743
843
142
420
0043
143
043
443
844
044
244
544
344
444
945
044
644
120
0144
544
344
544
845
145
746
346
646
546
847
246
945
820
0246
746
646
846
947
247
648
148
448
548
748
948
447
720
0348
348
448
749
349
449
750
149
949
950
350
450
249
620
0450
450
450
450
450
851
251
752
252
352
652
552
151
420
0552
652
652
552
952
752
953
854
054
254
855
355
053
6
92 AICBRF - 2ND Triennial Conference
BASE
200
1 =
100
NEW
YEAR
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NO
VD
ECAV
G20
0611
911
911
912
012
112
312
412
412
512
712
712
712
320
0712
712
812
712
812
913
013
213
313
313
413
413
413
120
0813
413
513
713
813
914
014
314
514
614
814
814
714
220
0914
814
814
815
015
115
316
016
216
316
516
816
915
720
1017
217
017
017
017
217
417
817
817
918
118
218
517
820
1118
818
518
518
618
718
919
319
419
719
819
919
719
120
1219
819
920
120
520
620
821
221
421
521
721
821
920
920
1322
122
322
422
622
823
123
523
723
824
124
323
923
220
1423
723
823
924
224
424
625
225
225
325
325
325
325
320
1525
425
325
425
625
826
126
326
426
626
927
026
926
1.4
93AICBRF - 2ND Triennial Conference
Taxability of Medical Reimbursement Received andMedical Expenses Paid from Income Tax Perspective
All of us in our day to day life are incurring medical expenses either for ourself or for thedependent family members like spouse, children, parents, brothers and sisters.
In this article we are going to talk about the funding of these medical expenses andincome tax treatment of these expenses and reimbursements thereof (if any).
There are primarily three ways of funding your medical expenses:
1) To pay medical expenses out of your own source (It happens in case of non-in-sured self employed persons or for non-insured salaried people where employerdoes not provide any medical benefit)
2) Medical reimbursement provided by employer (in case of salaried people only)
3) Medical reimbursement provided by medical insurance company against themediclaim policies taken (applicable for both salaried as well as non-salariedpeople).
1) Income Tax treatment in case of self financed medical expenses:
In case of self financed medical expenses (i.e from own source) there is no income tothe person who has incurred expenses. Hence the question of chargeability of tax does notarise.
Now the question arises, “Whether such expenses can be treated as allowable expendi-ture under Income Tax”?
In case of salaried person who is not provided with any medical benefit by his employerand who does not have any medical insurance policy, no income tax benefit of medicalexpenses will be available to them.
In case of self employed persons, medical expenses incurred on him or his dependentfamily members would be treated as personal expenses and would not be allowed as busi-ness expenditure (as held by Delhi High Court in the case of Shanti Bhushan vs Commis-sioner Of Income Tax ).
So in case of sole proprietorship and partnership business the medical expenses in-curred by the proprietor or partner would be a disallowable expenses. However if theyprovide medical facilities to their employees then such medical expenses for employeesonly will be allowable expenditure for Income Tax calculation.
However in the case of a company even the directors are treated as employees of thecompany since the company has a separate legal entity, so medical expenses incurred by
94 AICBRF - 2ND Triennial Conference
directors and reimbursed by the company would be an allowable expenditure for the com-pany.
2) Income Tax treatment in case of salaried person who are provided with medical benefit:
This is dealt in section 17(2) of the Income Tax Act as perquisite.
The whole amount of expenses incurred by the employer will be allowable expenditureto such employer under Income Tax Act.
In case of salaried person who is provided with medical allowance the whole amountwill be taxable.
The medical facility in India provided to the employee or his dependent relative (i,echildren, spouse, brothers, sister and parents) by his employer will not be chargeable totax to the extent of the following:
a) Medical facility provided in a Hospital owned/maintained by the employer.
b) Medical facility provided in a Hospital of Central Government/ State Government/local authority.
c) Medical facility provided in a Private hospital if it is also recommended by theGovernment for the treatment of Government employees,
d) Medical facility provided for Specified medical facility (given in rule 3A) in a hospi-tal approved by the Chief Commissioner of Income Tax.
e) Health insurance premium – Medical insurance premium paid on behalf of theemployee or reimbursed to the employee by the employer is not chargeable totax in the hands of the employee.
f) Any other facility in India – Any other expenditure incurred or reimbursed by theemployer for providing medical facility in India is not chargeable to tax up to Rs.15,000 in aggregate per assessment year (fixed medical allowance is fully charge-able to tax).
For medical facility provided outside India the following perquisite will not be charge-able to tax subject to the condition mentioned therein:
95AICBRF - 2ND Triennial Conference
Perquisite not chargeable to tax
Medical treatment of employee or anymember of family of such employeeoutside India
Cost of stay abroad of employee or anymember of the fami ly for medicaltreatment & cost of stay of oneattendant who accompanies the patientin connection with such treatment
Cost on travel of the employee/anymember of his fami ly and oneattendant who accompanies the patientin connection with treatment outsideIndia
Conditions to be satisfied
Expenditure shall be excluded fromthe perquisite only to the extentpermitted by the Reserve Bank of India
Expenditure shall be excluded from theperquisite only to the extent permittedby the Reserve Bank of India.
Expenditure shall be excluded fromperquisite only in the case of anemployee whose gross total income, ascomputed before including therein theexpenditure on travelling, does notexceed Rs. 2,00,000/-
3) Income Tax treatment in case of medical insurance reimbursement under mediclaimpolicy (for both salaried as well as non-salaried people):
Money received through a claim under a medical policy is only a reimbursement ofexpenditure already incurred by the policyholder. As this does not amount to profit orincome for the insured person, this money is not taxable.
Apart from that any amount paid as medical insurance premium will be allowed asdeduction u/s 80D to the maximum of Rs 60,000 (detail below) provided payment is madeby cheque;
Type of Deduction
Basic Deduction
Additional Deduction
For
Self, Spouse ordependant children
Parents
Senior Citizen
Rs.30,000/-
Rs.30,000/-
Others
Rs.20,000/-
Rs.20,000/-
Hence we can summarise the above provisions as below:
1) In case of self employed person he cannot claim any tax benefit of medical ex-penses incurred on him or his family as it would be treated as his personal expen-diture.
2) Any amount received from the Insurance company under a medical policy will notbe treated as income of the insured person as it is not a profit or income to theinsured person but only a reimbursement.
96 AICBRF - 2ND Triennial Conference
3) For salaried employees any amount received as medical allowance will be fullytaxable but medical reimbursement to the extent of Rs 15,000 per assessmentyear will not be taxable.
4) For salaried employees if the employer pays medical insurance premium on be-half of the employee or give reimbursement of medical insurance premium toemployee then this amount will not be chargeable to tax in the hands of em-ployee.
5) Medical facility provided in Govt hospital / hospital maintained by employer / Govtrecommended hospital will not be taxable in hands of employee.
6) Medical facility provided for specified diseases in a Hospital approved by the ChiefCommissioner of Income Tax will not be taxable in hands of employee.
7) For medical insurance premium paid the maximum deduction of Rs 60,000 can beavailed u/s 80D.
Source: http://taxguru.in
97AICBRF - 2ND Triennial Conference
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,PART–II, SECTION 3, SUB-SECTION (ii)]
Government of IndiaMinistry of Finance
Department of Revenue(Central Board of Direct Taxes)
(Income-tax)
NOTIFICATION
New Delhi, the 12th October, 2015
S.O.2791(E). – In exercise of the powers conferred by section 295, read with section80DDB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes herebymakes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. (1) These rules may be called the Income-tax (15th Amendment) Rules, 2015.
(2) They shall come into force on the date of publication in the Official Gazette.
2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), in rule11DD, for sub-rules (2) and (3), the following sub-rules shall be substituted, namely:-
“(2) The prescription in respect of the diseases or ailments specified in sub-rule (1) shallbe issued by the following specialists:-
(a) for diseases or ailments mentioned in clause (i) of sub-rule (1) - a Neurologisthaving a Doctorate of Medicine (D.M.) degree in Neurology or any equivalent de-gree, which is recognised by the Medical Council of India;
(b) for diseases or ailments mentioned in clause (ii) of sub-rule (1) - an Oncologisthaving a Doctorate of Medicine (D.M.) degree in Oncology or any equivalent de-gree which is recognised by the Medical Council of India;
(c) for diseases or ailments mentioned in clause (iii) of sub-rule (1) - any specialisthaving a post-graduate degree in General or Internal Medicine, or any equivalentdegree which is recognised by the Medical Council of India;
(d) for diseases or ailments mentioned in clause (iv) of sub-rule (1) - a Nephrologisthaving a Doctorate of Medicine(D.M.) degree in Nephrology or a Urologist havinga Master of Chirurgiae(M.Ch.) degree in Urology or any equivalent degree, whichis recognised by the Medical Council of India;
98 AICBRF - 2ND Triennial Conference
(e) for diseases or ailments mentioned in clause (v) of sub-rule (1) – a specialist hav-ing a Doctorate of Medicine (D.M.) degree in Hematology or any equivalent de-gree, which is recognised by the Medical Council of India:
Provided that where in respect of any diseases or ailments specified in sub - rule (1),the patient is receiving the treatment in a Government hospital, the prescription may beissued by any specialist working full-time in that hospital and having a post - graduatedegree in General or Internal Medicine or any equivalent degree, which is recognised bythe Medical Council of India.
(3) The prescription referred to in sub-rule(2) shall contain the name and age of thepatient, name of the disease or ailment along with the name, address, registration numberand the qualification of the specialist issuing the prescription:
Provided that where the patient is receiving the treatment in a Government hospital,such prescription shall also contain the name and address of the Government hospital.”
3. In the said rules, in Appendix-II, Form No. 10-I shall be omitted.
[Notification No.78 /2015/F. No.142/20/2015-TPL]
(ArjuGarodia)
Under Secretary (TPL)
Note .—The principal rules were published in the Gazette of India vide notification num-ber S.O. 969(E), dated the 26th March, 1962, and was last amended by vide notificationnumber. S.O. 2663(E), dated the 29th October, 2015.
101AICBRF - 2ND Triennial Conference
OUR JOURNEY SO FAR & THRISSUR BECKONS
Can we escape history?
History is the record of human endeavours, achievements and defaults. History is madenot by individuals, but by the masses. It is their score card. That being the case, We, as anOrganisation, impacted history in our own humble, yet unique style.
The history of Retirees’ Associations is the sum total of the experience of the retiredbank employees for improving their post-retiral life. Its pages are filled with agonisingstruggles, sacrifices, successes and set-backs. With this understanding, we present brieflythe saga of struggle for pension and Bank Retirees’ Movement.
Pension for bank employees was demanded in 1950s & 1960s before Sastry/DesaiTribunals and has been a pending issue since V Bipartite Settlement (1989) in the bankingindustry. Pension issue was one of the principal demands of nationwide bankmen’s strikeaction on 11.08.1989. Since it was felt that achieving pension as a third retirement benefitseemed to be beyond the realm of realities, it was decided that pension with insulationagainst inflation in lieu of bank’s contribution to Provident Fund was to be pursued.
When pension was introduced in November 1990 in RBI in lieu of bank’s contributionto PF with option to the existing employees, AIBEA and AIBOA started pursuing the issuefor introduction of similar pension linked to consumer price index. IBA agreed in principlefor introduction of pension as a second retirement benefit. But nothing happened tillFebruary 1992. AIBEA observed “Pension Day” on 05.02.1993. Counter programmes wereorganised by the Co-ordination Committee. These two programmes divided the employeesinto two almost equal camps much to the joy of the Government and bankers. Well meaningefforts to coordinate with other organisations failed, followed by high voltage campaign ofcalumnies and slanders against mainstream bank employees’ movement.
Despite tall claims of adversaries, the movement did not lose sight of the objective andcontinued its course for achieving pension as a social security measure. On 20.05.1993,IBA offered Pension as a second benefit which was accepted by AIBEA & AIBOA. TheMinutes were signed with an understanding to sign the Settlement/Joint Note within twomonths. Those who opposed Pension in lieu of PF approached Hyderabad High Court andobtained stay order against signing the Settlement on Pension. When the stay got vacated,the Co-ordinating Committee which was christened earlier as Joint Action Council (JAC)gave a call for an indefinite strike. This made IBA to drag its feet in finalising the Settlement.AIBEA and AIBOA reacted with a call for strike action on 28.10.1993. Events took place ata faster pace and with the intervention of Dr. Abrar Ahmed, the then Minister of Statefor Finance, the strike call was deferred. On 29.10.1993, a Settlement and Joint Note forintroduction of index linked pension scheme were signed. The 3rd benefit camp gave uptheir demand and signed the same settlement subsequently.
102 AICBRF - 2ND Triennial Conference
Finalisation of Pension Settlement & Joint Note constitutes a saga of prolonged strugglefor the mainstream bank employees’ movement. Never before, an issue has been so muchemotive and subject matter of intense debate across the country. The Government unilaterallyand in consultation with IBA, formulated a Pension Scheme. On 29.09.1995, Governmentasked the Nationalised Banks to adopt Pension Regulations as prepared by them in therespective Bank Boards. The Government Scheme contained a retrograde provision of notcounting the past services of an employee for pension, in the event of participation instrike. This was thwarted and the dream of Pension came true.
Has this saga of struggle narrated in brief, any message to convey to us? Yes, it has. BankRetirees initially were under the impression that they could convince the IBA/Govt. throughpersonal prayers and petitions appealing to their good senses. Seldom did they realisethen that neither their emotional outbursts nor their individual pleadings will evokesatisfactory response from the powers that be. That is the lesson they learnt.
It was only through their own experience, bank retirees realised the need for unity. Itnot only gave them the numerical strength but also infused them with more confidenceand courage. With this new awareness, the retirees forged ahead towards unity. The movementof bank retirees does not conform to any form or norm. It has been an evolution by itself.The growth of the organisations is both horizontal and vertical; unitary and federal;State-wise and all-India Bank-wise etc; the formation of organisations was essentiallyinfluenced by compulsion of circumstances.
FORMATION OF A.I.B.R.F.
When Pension became part of service condition in the banking industry, the number ofpensioners started growing. To take care of these pensioners and their problems,Bank-wise Unions initiated steps to form Bank-wise All India Retirees’ Association/Organisation covering all categories of retired employees without any differentiation andit was thought fit that such organisation of retirees would be independent without affiliationto serving Unions, which would extend support and assistance in proper implementationof Pension and Welfare Schemes for the benefit of retired bank employees. Thus AIBRFwas founded on 01.05.1994 at Ahmedabad with Sri Romesh Chander Chakraborty asFounder General Secretary. Since then, AIBRF has been organising the retirees in variousbanks with a view to promoting the interest and welfare of retired bank employees acrossthe country. In the evolutionary process, AIBRF took the initiative and formed industrylevel Forum known as United Forum of Bank Retirees’ Organisations to represent theentire bank retirees’ community at industry level before IBA and the Government.
Thus, Retirees’ movement evolved over a period of time in banking industry. Time hascome for us to uphold and carry forward this legacy with maturity. The period, which wehad passed through since we met last in our 3rd Triennial Conference at Kolkata in 2012 hasto be properly analysed and understood for carrying out more effectively our OrganisationalTasks in the days to come.
103AICBRF - 2ND Triennial Conference
Securing another Pension option for Retirees by joining UFBU’s struggle, ParliamentaryCommittee’s recommendations and the IBA subsequently directing to constitute Griev-ances Redressal Cell in Banks, extending notional weightage of upto 5 years to SVRS retir-ees in other PSBs on grounds of interpretation of provisions of Pension Regulations, En-hancing amount of Ex-gratia to Pre-1986 Retirees and their Spouses are major achieve-ments of AIBRF. However, persisting discriminations, denial of Pension option in 2010 tothose who were Compulsorily Retired and Resigned still continue, resulting in gross injus-tice in their post-retiral life.
Taking note of the persisting wrongs heaped on past retirees and also the need to im-prove pensionary benefits in line with RBI Pension Scheme and Central Govt. PensionScheme, Retirees Charter of Demands was formulated long before UFBU constituentsfinalised their Charter of Demands for 10th Bipartite/7th Joint Note Wage Revision. In theabsence of any structured forum, AIBRF submitted its Charter of Demands to IBA, besideseach constituent of UFBU explaining the logic behind our demands. This organizationaleffort was rewarded by all bank unions by way of including retirees’ core issues in theircommon Charter of Demands. In fact, for the first time, UFBU invited AIBRF General Secre-tary for attending its meeting held at Chennai on 04-07-2013. When talks of wage revisionwere in progress between IBA & UFBU, AIBRF was in live contacts with UFBU leaders throughpersonal telephonic contacts, visits and/or written communications.
Another important demand of AIBRF was that AIBRF be given hearing by IBA on issueshaving a bearing on the interests of retirees. For this purpose, AIBRF met the Chief Officialsof the Department of Financial Services twice. Govt. too forwarded AIBRF’s representationto IBA with the direction of taking necessary action. Finding no response, AIBRF organizedbank retirees across the country and held “Maha Dharna” at Jantar Mantar, New Delhi on07.03.2014 to press our demands. Massive Dharna was scintillating success.
Bank retirees were happy when issues of Pension Updation, 100% Neutralisation of DAto Pre-01.11.2002 pensioners, improvement in Family Pension, Uniform HospitalisationScheme for bank retirees were formally discussed on 14th March and 13th June 2014. Circu-lar No.24/14.06.2014 issued by the Convener, UFBU, categorically mentioned that the is-sue of uniform rate of DA has been sent to Government of India for its approval. IBA waspositive on improvement in family pension upon determination of financial impact andapproval from Govt. So long so good was the scenario picturised before bank retirees.
Just a week before signing the 10th BPS, AIBRF was informed that in the 10th Bipartitewage negotiations, retired employees would get uniform hospitalization scheme on cer-tain conditions and no monetary benefit would flow to past retirees. AIBRF immediatelyswung into action, met the Hon’ble Finance Minister and other officials of DFS with therequest to issue direction to IBA to give an opportunity for hearing long pending issues/grievances of retirees, besides seeking to expedite approval sought by IBA on 100%Neutralisation of DA to Pre-Nov. 2002 pensioners.
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Apprehension of AIBRF proved right when 10th BPS signed on 25.05.2015 showed thedoor to retirees. News that Record Note dated 25.05.2015 was mutually signed, virtuallynegating all retirees’ issues was a bolt from the blue to the retirees. Record Note furtherdeclared that Pension was only a welfare measure, some sort of bounty/charity and cannotbe negotiated upon. This is contrary to plethora of Supreme Court judgements that Pensionwas not a charity, but an obligation on the part of employer as deferred wages.
Justifiably, both the rank and file across the country and the leadership of AIBRF feltdeeply disappointed over this totally unexpected turn of event, disheartened but notdemoralised. On 25.05.2015, AIBRF in a deputation before Chairman of IBA submittedmemorandum demanding that our view points be heard by IBA. IBA also expressed thatthey would talk with AIBRF after some time. We hope that with the election of IBA Chairman,AIBRF shall get opportunity to pursue retirees’ demands.
Side by side, AIBRF decided to give memorandum to Chief of all Public Sector Banks,most of whom received the same from our affiliates. Large number of bank retirees areagitating in front of Headquarters of various banks in support of our demands, besideswriting to DFS that their voice be heard.
With regard to Pensioners retired during 7th BPS period, IBA modified definition of “Pay”and their basic pension was determined less than 50% of last 10 months average. In the 8th
BPS, IBA introduced differential treatment of DA neutralization to Pre-Nov. 2002 pensioners.In the 9th BPS, IBA denied pension option to certain category of retirees. There was noloud voice of protest or large-scale resentment then. But, this time in the post - 10th BPSperiod, anger and anguish of bank retirees are echoed in every nook and corner of thecountry. AIBRF as a growing organization with accountability to its retiree members hasbrought this difference in perspective and approach of the retired employees, from beingsubmissive to vociferous against IBA on ignoring retirees’ issues.
Thus bank retirees under the banner of AIBRF are pushed to war path across the countryreacting strongly against the IBA’s delaying tactics in dealing with retirees’ issues. But it isimperative that we need to maintain cordial relation with the UFBU and its retirees-friendlyconstituents for carrying forward our pending demands. Alongside, effective implementationof our agitational programmes will also bring desired results in the near future.
Friends! Set-backs we have suffered should enable us to review our past for rectifyingour shortcomings. It cannot dampen our spirit and determination. On the contrary theyshould steel us further and make us realise as to how arduously we should move forwardas a responsible Organisation. Bank Retirees are more than ever willing to rise to the occasionand march to fight against injustice. When we recapitulate history, we are aware thathistory is not a mere narration of events. It reminds us of the past, spurs us into purposefulactivity for the present and gives us hope for a promising future.
You, I and all of us will be happy to note that our National Organisation AIBRF hasdistinction of 44 Bank wise Retirees’ Federations/Associations as Affiliates with total
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membership crossing 1,25,000. This growth indicates that AIBRF has become an householdname in the family of bank retirees. Thousands of Delegates and Observers are to participatein the Mass Rally on 26.11.2015 and thereafter assemble in the Delegates’ Sessionrepresenting various Banks/States across the country on November 27, 2015 at Thrissur.
In this congregation, we fervently hope:
1. Our 4th Triennial Conference would provide right and clear perspective for projectingbefore bank retirees, infuse further vigour to the movement of retired bankemployees, impart more clarity on prioritising long pending issues of bank retireesand show the way forward;
2. General Council would rise to the occasion in generating requisite enthusiasm andmore confidence in us for carrying forward bank retirees’ movement in the daysto come;
3. Our Delegates’ Session at Thrissur would seriously address vexatious issues of 100%Neutralisation of DA, Family Pension, Pension Updation etc., which are dear tovery old bank retirees and show the path we have to traverse in our enlightenedself interest, so as to culminate in resolving the long pending issues as expeditiouslyas possible;
4. Quality and content of deliberations in the Conference would take us nearer tofinding solution to the issues more particularly of the old retirees in the nearfuture, so that they could enjoy the benefits, which they rightly deserve in theirlife time;
5. The Conference would unfailingly do something tangible to improve the pitiablecondition of spouses of our compatriots, whose rate of Family Pension remainwithout any increase for about 20 years and
6. General Council would formulate its strategy for securing another pension optionfor all Retirees who were denied pension option earlier.
In this historic task of shaping the destiny of bank retirees, let each and every one of usmove forward to contribute our best in further strengthening the mainstream of the BankRetirees Movement Viz: All India Bank Retirees’ Federation and foster the spirit of “allcadre unity” amidst retired bank employees for espousing their cause more effectively, sothat future retirees will always remember the present bank retirees as those who havegiven their best for the welfare of future retirees.
And so the Caravan Marches on …………………….
With Conference Greetings,
(S.V.Srinivasan) DGS, AIBRF
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Retirement Benefits - Legal perspective
As the present case is concerned with superannuation pension, a brief history of itsinitial introduction in early stages and continued existence till today may be illuminating.Superannuation is the most descriptive word of all but has become obsolescent because itseems ponderous. Its genesis can be traced to the first Act of Parliament (in U.K.) to beconcerned with the provision of pensions generally in public offices. It was passed in 1810.The Act which substantively devoted itself exclusively to the problem of superannuationpension was superannuation Act of 1834. These are landmarks in pension history becausethey attempted for the first time to establish a comprehensive and uniform scheme for all,whom we may now call civil servants. Even before the 19th century, the problem ofproviding for public servants who are unable, through old age or incapacity, to continueworking, has been recognised, but methods of dealing with the problem varied fromsociety to society and even occasionally from department to department.
A political society which has a goal of setting up of a welfare State, would introduce andhas in fact introduced as a welfare measure, wherein the retiral benefit is grounded on‘considerations of State obligation to its citizens who having rendered service during theuseful span of life must not be left to penury in their old age, but the evolving concept ofsocial security is a later day development’.
Let us therefore examine what are the goals that pension scheme seeks to subserve? Apension scheme consistent with available resources must provide that the pensioner wouldbe able to live: (i) free from want, with decency, independence and self-respect, and (ii) ata standard equivalent at the pre-retirement level. This approach may merit the criticismthat if a developing country like India cannot provide an employee while rendering servicea living wage, how can one be assured of it in retirement ? This can be aptly illustrated bya small illustration. A man with a broken arm asked his doctor whether he will be able toplay the piano after the cast is removed. When assured that he will, the patient replied,‘that is funny, I could not before’. It appears that determining the minimum amountrequired for living decently is difficult, selecting the percentage representing the properratio between earnings and the retirement income is harder. But it is imperative to notethat as self sufficiency declines the need for his attendance or institutional care grows.Many are literally surviving now than in the past. We owe it to them and ourselves thatthey live, not merely exist. The philosophy prevailing in a given society at various stages ofits development profoundly influences its social objectives. These objectives are in turn adeterminant of a social policy. The law is one of the chief instruments whereby the socialpolicies are implemented and pension is paid according to rules which can be said toprovide social security law by which it is meant those legal mechanisms primarilyconcerned to ensure the provision for the individual of a cash income adequate, whentaken along with the benefits in kind provided by other social services (such as free medicalaid) to ensure for him a culturally acceptable minimum standard of living when the normalmeans of doing so failed’. (See Social Security law by Prof. Harry Calvert, p. 1).
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The concept, history and evolution of pension are extracted from the Judgment ofConstitution Bench (of Hon’ble Supreme Court) in D S Nakara & others Vs Government ofIndia on the 17th December, 1982. This Judgment was a path breaking decision, whichbrought miles of smiles on the faces of crores of Senior Citizens of this country. Thousandsof cases in this country with regard to Pension are decided on the basis of this Judgment.Efforts of Shri D S Nakara and others who have secured this Judgment on the 17th December,1982, which is now being celebrated as ‘PENSIONERS’ DAY’, deserves to be commended.
Now, on account of this decision, Central, State and Defence Pensions are gettingrevised along with revision of salary and allowances of employees.
The same decision in D S Nakara also brought out another principle decided in DeokiNandan Prasad v.State of Bihar & Ors Ors.,[1971] Supp. S.C.R. 634
The antiquated notion of pension being a bounty a gratuitous payment depending uponthe sweet will or grace of the employer not claimable as a right and, therefore, no right topension can be enforced through Court has been swept under the carpet by the decisionof the Constitution Bench in Deoki Nandan Prasad v. State of Bihar & Ors. (1) wherein thisCourt authoritatively ruled that pension is a right and the payment of it does not dependupon the discretion of the Government but is governed by the rules and a Governmentservant coming within those rules is entitled to claim pension. It was further held that thegrant of pension does not depend upon any one’s discretion. It is only for the purpose ofquantifying the amount having regard to service and other allied matters that it may benecessary for the authority to pass an order to that effect but the right to receive pensionflows to the officer not because of any such order but by virtue of the rules. This view wasreaffirmed in State of Punjab & Anr. v. Iqbal Singh (1).
The applicability of Judgment in D S Nakara and if applicable, to what extent and inwhat areas of Bank Employees’ Pension Scheme is highly debatable.
Deoki Nandan Prasad v.State of Bihar & Ors Ors. also connected Pension to Property. Itis observed by the Hon’ble Court as :
Having due regard to the above decisions, we are of the opinion that the right of thepetitioner to receive pension is property under Art. 31(1) and by a mere executive orderthe State had no power to withhold the same. Similarly, the said claim is also propertyunder Art. 19(1)(f) and it is not saved by sub-article (5) of Art. 19.
Right to property was Fundamental Right, it was also a part of Article 19 & 31. It wasmoved to Article 300A by 44th Constitutional amendment during 1979. Now, right toproperty is only a Constitutional Right.
Hon’ble Supreme Court, in State of Jharkhand Vs Jitendra Kumar Srivastava, consideringthis aspect of Pension, being a property which is a Constitutional Right, decided as under :
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14. Article 300 A of the Constitution of India reads as under:
“300A Persons not to be deprived of property save by authority of law. - Noperson shall be deprived of his property save by authority of law.”
Once we proceed on that premise, the answer to the question posed by us in thebeginning of this judgment becomes too obvious. A person cannot be deprived ofthis pension without the authority of law, which is the Constitutional mandateenshrined in Article 300A of the Constitution. It follows that attempt of the appellantto take away a part of pension or gratuity or even leave encashment without anystatutory provision and under the umbrage of administrative instruction cannotbe countenanced.
15. It hardly needs to be emphasized that the executive instructions are not havingstatutory character and, therefore, cannot be termed as “law” within the meaningof aforesaid Article 300A. On the basis of such a circular, which is not having forceof law, the appellant cannot withhold - even a part of pension or gratuity. As wenoticed above, so far as statutory rules are concerned, there is no provision forwithholding pension or gratuity in the given situation. Had there been any suchprovision in these rules, the position would have been different.
Pension in Banks is conceptually different from Pension of Government employees.Before, introduction of pension in Banks in 1995, consequent to Settlement signedon the 29th October, 1993, very few Banks had pension scheme. Since, the presentscheme is far superior to the schemes existed then, with exception of State Bankof India, every other Bank is now covered by this Pension Scheme, which replacedcontributory Provident Fund Scheme. But, payment of Pension to Governmentemployees is a legacy of British rule. Over a period of time Central Governmentpension has undergone changes from 1/80th of emoluments with maximum pensionof Rs.8,100/- per annum plus Dearness Relief thereon to present formula. Aliberalised pension formula for Central Government pensioners was notified onthe 25th May, 1979. Pension calculation formula was revised with effect from1.4.1979. This one decision changed everything with regard to Pension. Landmarkdecision by Constitution Bench in D S Nakara Vs Union of India was decided, whichchanged the treatment of Government Pension. But, this decision questions thevalidity of discrimination while passing this order dated 25th May, 1979.
After, every Bipartite Settlement, on account of Pay revision, the pension of thosewho have already retired during the settlement period also gets revised. The basisfor revision of pension is implementation or extension of benefit that has alreadybeen sanctioned. But, alteration in Dearness Relief formula for pensioners, postsettlement is without legal basis.
Next controversy, which is still being litigated is with regard to computation ofBasic Pension of Bank employees, who retired during the period from 1.4.1998 to
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31.10.2002. The Joint Note dated 14th December, 1999 and Bipartite Settlementdate 27th March, 2000 provided for altering the method of calculation of BasicPension. Average of last ten months’ Aggregate of Pre-revised Pay and DearnessAllowance thereon calculated upto 1616 points of AICPI formed basis for calculationof Basic Pension. This is in variation with the formula of calculating Basic Pensionbased on last ten months’ average ‘Pay’. Consequently, the Basic Pension of thosewho retired during this period was reduced from 50% of Basic Pay (Regulation 35)drawn to 41.5% of Basic Pay drawn. The original method of calculation of BasicPension based on last ten months pay was restored, when 8th Bipartite Settlementwas signed on the 2nd June, 2005. Pension was also recalculated with effect from1.5.2005 and arrears was also paid. But, Commutation and arrears were also notpaid.
In the meantime, several retirees approached several High Courts. Appeals againstdecision of three High Courts have reached Supreme Court. Of these three, decisionof Madras High Court in Bank of Baroda & Ors Vs G Palani and the decision ofKarnataka High Court in Vijaya Bank & Ors Vs Suvasini Setty are in favour ofPensioners, whereas, remaining batch decided by Delhi High Court in AIBREA VsUOI went against Pensioners. There are several other petitions are pendingbefore various High Court. The Judgment of Division Bench of Karnataka High Court,headed by present Supreme Court Judge, Justice Vikramjit Sen, considered variousaspects of Law.
We must emphasis forthwith that the so-called Joint Note was at best an inchoateagreement, a mere proposal, which would attain legal sanctity only on the amendmentsto the Officers’ Service Regulations and Bank Employees’ Pension Regulations, 1995being carried out.
13. Constitution Benches of the Supreme Court in Indian Ex - Services League - Vs - Unionof India (1991) 2 Supreme Court Cases 104 and thereafter in Chairman, RailwayBoard - Vs - C.R.Rangadhamaiah, (1997) 6 Supreme Court Cases 623 have enunciatedthat “reckonable emoluments which are the basis for computation of pension areto be taken on the basis of emoluments payable at the time of retirement”.
It seems evident to us that the primary point in the negotiations was the increasewage / salary fixation, and pension was dealt with en passant, as one consequentialor incidental offshoot.’
22. Without reference to P. Sadagopan, a larger Bench came to the same conclusionin K. Kuppusamy - Vs - State of Tamil Nadu, (1998) (8) Supreme Court Cases 469,wherein it spoke thus - “Statutory rules cannot be overridden by executive ordersor executive practice. Merely because the Government had taken a decision toamend the rules does not mean that the rule stood obliterated. Till the rule isamended, the rule applies. Even today the amendment has not been effected. As
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and when it is effected ordinarily it would be prospective in nature unless expresslyor by necessary implication. found to be retrospective” It would be apposite tomention here that the State Bank of Mysore has not amended its Pension Regulationstill date.
The services of the workman are also governed by several standing orders andBipartite Settlements which have the force of law.
It is sought to be argued that the legality of Bipartite Settlement has been affirmedby their Lordships in the above paragraph. We think that this is not the ratio of theJudgement.
Yet another controversy which has affected Ex-employees is pension to those whoresigned from Services of the Banks. Before, Pension Settlement was signed on 29thOctober, 1993, resignation and retirement were two methods of exit. Officers’Service Regulations, 1979 provided for voluntary retirement. There was no suchprovision available for Award Staff. UCO Bank Vs Sanwar Mal ((2004) 4 SCC 412) isthe first case, involving Bank resignees to reach the Apex Court, where Bank wonand resignees lost. Banks continue to quote this Judgment, till Judgment in SheelKumar Jain v. New India Assurance Company Limited and Ors. (2011) 12 SCC 197wherein it is decided that forfeiture clause as per Regulation 22 of Bank Employees’Pension Regulations, cannot be invoked if the employee has resigned after servingfor a period of 20 years or more. This Judgment ensured catena of judgmentsfavouring Bank resignees. One among those is the decision in Vijaya Bank Vs CNarasimhappa. In this case, CMD of Vijaya Bank had to stand as an Accused inContempt Petition filed by the petitioners. 22 petitioners are pensioners now.Thereafter, one adverse Judgment in M R Prabhakar Vs Canara Bank, (2012) 9 SCC671 triggered series of Judgments against resignees. In the meantime, two morefavourable Judgments of Supreme Court, Shahsikala Devi Vs Central Bank of Indiaand Asger Ibrahim Amin Vs LIC of India have brought smiles back on the face ofResignees.
Minutes of meetings held prior to notification of Pension Regulations, reveal thatvoluntary resignations, where resignees are entitled to terminal benefits were notunder the sweep of forfeiture clause under Regulation
22. A little more focus while formulating Pension Regulations, would have broughtmany more benefits.
Another dispute was payment of pension/extension of pension option to thosewho retired under VRS-2001 after serving for a period in excess of 15 years, butless than 20 years, in Associate Banks of State Bank of India. This issue was alsosettled in favour of retirees in State Bank of Patiala Vs Pritham Singh Bedi. Afterthe Judgment, the Bank sought to restrict the benefit to those who had served
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more than 19 years and 6 months. A clarification petition was also filed. SupremeCourt directed the Bank to file Review Petition. Review Petition, earlier ClarificationPetition sought differentiating retirees who had served more than 19 years and 6months and less than that period, but more than 15 years. The Court rejected thecontention of the Bank and allowed pension to every retiree who had served morethan 15 years. Now, after adverse Judgment in Madras High Court and Kerala HighCourt, State Bank of India has decided to extend the benefit to all similarly placedretirees in Associate Banks.
Incidentally, many banks had not paid pension to those who had served for morethan 19 years and 6 months, despite the Judgment by Apex Court in Indian BankVs N Venkataramani. This Judgment in State Bank of Patiala Vs Pritham Singh Bedinot only settled this controversy, but also that of payment of pension in terms ofRegulation 29, duly adding service, notionally, upto five years in respect of thosewho had served for a period in excess of 19 years and 6 months, but less than 20years.
While Indian Bank Vs N Venkataramani brought efforts of IBA, by insertion of clause
“Provided that provisions of this regulation shall not apply for determining theminimum service required to make an employee eligible for pension.”
to deny broken period benefit as available under Regulation 18 to naught, PrithamSingh Bedi ensured payment of 5 year benefit to those who had served for morethan 19 years & 6 months, but less than 20 years, as the court clearly decided thatthose who had served for more than 19 years & 6 months are eligible for pensionunder Regulations 29.
On the 30th June, 2015, IBA advised member Banks who are parties to BipartiteSettlement dated 10.04.2002/27.5.2002 to implement Judgment of Hon’bleSupreme Court in Bank of Baroda Vs S K Kool (D) through LRs and Bank of BarodaVs Girish Shantilal Shukla. Following sentences extracted from S K Kool’s Judgmentexplains, how provisions have to be harmonized. When harmonised, those whoare inflicted with punishment under clause 6(b) and 6(d) are entitled to everysuperannuation benefit, including pension:
The Regulation does not entitle every employee to pensionary benefits. Its applicationand eligibility is provided under Chapter II of the Regulation whereas Chapter IVdeals with qualifying service. An employee who has rendered a minimum of tenyears of service and fulfils other conditions only can qualify for pension in terms ofArticle 14 of the Regulation. Therefore, the expression “as would be due otherwise”would mean only such employees who are eligible and have put in minimum numberof years of service to qualify for pension. However, such of the employees who arenot eligible and have not put in required number of years of qualifying service
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shall not be entitled to the superannuation benefit though removed from servicein terms of clause 6(b) of the Bipartite Settlement. Clause 6(b) came to be insertedas one of the punishments on account of the Bipartite Settlement. It provides forpayment of superannuation benefits as would be due otherwise. The BipartiteSettlement tends to provide a punishment which gives superannuation benefitsotherwise due. The construction canvassed by the employer shall give nothing tothe employees in any event. Will it not be a fraud Bipartite Settlement? Obviouslyit would be. From the conspectus of what we have observed we have no doubtthat such of the employees who are otherwise eligible for superannuation benefitare removed from service in terms of clause 6(b) of the Bipartite Settlement shallbe entitled to superannuation benefits. This is the only construction which wouldharmonise the two provisions. It is well settled rule of construction that in case ofapparent conflict between the two provisions, they should be so interpreted thatthe effect is given to both. Hence, we are of the opinion that such of the employeeswho are otherwise entitled to superannuation benefits under the Regulation ifvisited with the penalty of removal from service with superannuation benefitsshall be entitled for those benefits and such of the employees though visited withthe same penalty but are not eligible for superannuation benefits under the Regulationshall not be entitled to that.
Accordingly, we hold that the employee’s heirs are entitled to superannuation benefits.
Said IBA letter has advised Banks to amend Regulation 22 (1) to incorporate changes.Still, there is no clarity wordings of the proposed amendment. However, sameregulation cannot assign different meaning to same set of words. Eventually, thisbenefit have to be extended to retired Officers also.
Next issue is regarding Delay and latches in launching legal action by retirees. Normally,limitation is restricted to period of three years, otherwise it is provided. There areseveral instances, where the legal action has been launched after a very longperiod of time. Hon’ble Supreme Court in Asger Ibrahim Amin Vs LIC of India(10251 / 2014) has observed that :
4. As regards the issue of delay in matters pertaining to claims of pension, it hasalready been opined by this Court in Union of India v. Tarsem Singh, (2008) 8 SCC648 that in cases of continuing or successive wrongs, delay and laches or limitationwill not thwart the claim so long as the claim, if allowed, does not have anyadverse repercussions on the settled third-party rights. This Court held:
7. To summarise, normally, a belated service related claim will be rejected on theground of delay and laches (where remedy is sought by filing a writ petition) orlimitation (where remedy is sought by an application to the Administrative Tribunal).One of the exceptions to the said rule is cases relating to a continuing wrong.
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Where a service related claim is based on a continuing wrong, relief can be grantedeven if there is a long delay in seeking remedy, with reference to the date onwhich the continuing wrong commenced, if such continuing wrong creates acontinuing source of injury. But there is an exception to the exception. If the grievanceis in respect of any order or administrative decision which related to or affectedseveral others also, and if the reopening of the issue would affect the settled rightsof third parties, then the claim will not be entertained. For example, if the issuerelates to payment or refixation of pay or pension, relief may be granted in spite ofdelay as it does not affect the rights of third parties. But if the claim involved issuesrelating to seniority or promotion, etc., affecting others, delay would render theclaim stale and doctrine of laches/limitation will be applied. Insofar as the consequentialrelief of recovery of arrears for a past period is concerned, the principles relatingto recurring/successive wrongs will apply. As a consequence, the High Courts willrestrict the consequential relief relating to arrears normally to a period of threeyears prior to the date of filing of the writ petition.
(emphasis is ours)
We respectfully concur with these observations which if extrapolated or appliedto the factual matrix of the present case would have the effect of restricting theclaim for pension, if otherwise sustainable in law, to three years previous to whenit was raised in a judicial forum. Such claims recur month to month and would notstand extinguished on the application of the laws of prescription, merely becausethe legal remedy pertaining to the time barred part of it has become unavailable.This is too well entrenched in our jurisprudence, foreclosing any fresh consideration.
This judgment gives relief for filing of Writ Petition after a very long period of time.Unless, it is shown that cause of action exists for claiming benefit from the date itis due, benefit may be limited to three year period preceding the date of filing ofWrit Petition. This is important as Single Judge Bench of Kerala High Court andDivision Bench of Madras High Court have dismissed Writ Petitions/Appeals inVRS-2001 notional seniority case in respect of State Bank of Travancore and StateBank of Hyderabad, respectively, on account of delay and latches.
The litigation in respect of 100% Dearness Allowance has reached Apex Court. Theaspect of discrimination or absence of it was the basis for Judgment in MadrasHigh Court before Single Judge and Division Bench. There is one more favourableJudgment delivered at Kolkata High Court. The basis for this Judgment is not discrimi-nation. But, it is enforcement of provision in Pension Settlement dated 29.10.1993.We need to keep our fingers crossed. Still the chances of success is more than ahalf.
Pension option to Compulsorily Retired is another issue, pending before variousCourts. It is unfortunate that even after dismissal of Special Leave Petitions, Andhra
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Bank, like Vijaya Bank in resignees case, has chosen to extend benefit to onlypetitioners, but not to others.
Other retirement benefits include Gratuity and Leave Encashment.
There are two major disputes regarding Gratuity. One is fixing of Cut-off date forapplicability of enhanced ceiling and the other is payment of Gratuity based onthe last Pay drawn. Government of India enhanced the ceiling as per Payment ofGratuity Act, 1972 from Rs.3.50 lakhs to Rs.10.00 lakhs with effect from 24.5.2010.Those who had retired before were deprived of benefit of this enhanced limit.Fixing of Cut-off date was also a subject matter of dispute, when Gratuity wasenhanced from Rs.2.50 lakhs to Rs.3.50 lakhs. Though there is Judgment inrespect of State Bank of India relating to the Gratuity, the decision of Hon’bleSupreme Court in State of Punjab & Ors Vs Amar Nath Goyal & Ors, it was heldthat:
It is difficult to accede to the argument on behalf of the employees that a decisionof the Central Government/ State Governments to limit the benefits only toemployees, who retire or die on or after 1.4.1995, after calculating the financialimplications thereon, was either irrational or arbitrary. Financial and economicimplications are very relevant and germane for any policy decision touching theadministration of the Government, at the Centre or at the State level.
Even the decision in D S Nakara’s case is differentiated in this Judgment.
The other dispute regarding payment of Gratuity based on last pay drawn aroseconsequent to provisions of 3rd Joint Note dated 23.06.1995, Pay and DearnessAllowance were revised with effect from 1.07.1993 and the benefit of calculationof Gratuity based on the revised Basic Pay and Dearness Allowance was madeeffective only from 1.11.1994. Those, who retired during this one year period,were deprived of the benefit. Kerala High Court decided in favour of retired officersin respect of two cases. They are: Syndicate Bank Vs Celine Thomas and CentralBank of India Vs Sethumadhavan. While, SLP in respect of Syndicate Bank Vs CelineThomas was dismissed with a rider that the decision should not be construed asfinal, Leave was granted in Sethumadhavan’s case, which is still pending beforeHon’ble Supreme Court.
Subsequently, Karnataka High Court also decided that these retired officers areentitled to receive Gratuity based on revised pay and dearness allowance in SyndicateBank & Ors Vs Y R Shenoy & Ors. This batch of cases have reached Apex Court andthey are tagged to Central Bank of India Vs Sethumadhavan’s case. In the meantime,one petition in respect of State Bank of Mysore Vs Saroja Shivakumar, SLP wasdismissed without any riders. Still, this benefit has not been extended, still litigationis being pursued.
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Leave Encashment was being denied to those Officers who were Compulsorilyretired. Thereafter, several decisions including UCO Bank Vs Ashwani Kumar Sharmaby Punjab & Haryana High Court, has forced Indian Banks Association to issueinstructions to extend Gratuity to these retired officers, who have retired witheffect from 1.5.2015.
In the meantime, in many instances, the pension and gratuity are being attachedfor recovery of dues of Principle Debtor, where retirees are Guarantors. In thisconnection, Hon’ble Supreme Court in Radhey Shyam Gupta Vs Punjab NationalBank & Another decided as under:
25. We also agree with Ms. Shobha that the High Court could not have gone behindthe decree in the execution proceedings and the alteration in the manner ofrecovery of the decretal amount was erroneous and cannot be sustained. We alsoagree with Ms. Shobha that even after the retiral benefits, such as pension andgratuity, had been received by the appellant, they did not lose their character andcontinued to be covered by proviso (g) to Section 60(1) of the Code.
Concluding Remarks: True and transparent Corporate Governance must prevail.Ministry of Finance Circular Dated 13th January 2015 gives full freedom to allPublic Sector Banks and assures autonomy in respect of taking commercial decisions,including on Personnel Matters without fear or favour. It further assures non-interference in clear terms. Hence IBA and bank managements should not be seenas compulsive litigants and continued litigations with a view to delaying and denyingpayment of retirement benefits should be eschewed.
As such, it is expected of IBA and the bank managements to allow the bank retireesto be blissful in the twilight years of their lives.
The benefits arising out of Apex/High Court judgements must be dutifully,magnanimously and honourably be allowed to flow by graceful acceptance andimplementation of those judgements, which will eventually bring everlasting goodwilland reputation to the banking industry and also for bringing quietus to long-pendingissues in favour of bank pensioners amicably.
Compiled by: C.N.Prasad, Organising Secretary, AIBRF & General Secretary, State Bank ofMysore Pensioners’ Commune at Bengaluru.
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Boosting Your Brain Power Naturally
As you age, it’s natural that things in the body start to go downhill. Your back aches,your knees creek a little more, and you’ll find there are days where you have to concentratejust a little bit more to get the job done. But when it comes to the brain, we have everyreason to actively ensure it stays vital and functioning.Scientists are continuously discoveringnew ways in which this amazingly complex organ works, and a lot of the factors that triggerage-associated cognitive decline can be thwarted with conscious lifestyle choices. Hereare 8 behaviours that can help you naturally slow down degeneration and improve theoverall health of your brain.
1. Exercising the body helps the brainExercise has been shown to reduce the risk ofdeveloping brain disorders. Exerting your body physically can change the way yourbrain protects your memory and thinking skills, and facilitates informationprocessing. Aerobics, for example, boosts the hippocampus, the part of the brainresponsible for encoding short-term memory, learning and verbal memory. Whenyou exercise, your heart rate speeds up, leading to an increased blood flow andmore oxygen being pumped into the brain, allowing your neural networks to connectfaster. This also stimulates the release of hormones that promote the growth ofnew brain cells.
2. SleepThe brain is just as active when you’re sleeping as when you’re awake.During rest, your brain resets itself and important processes relating to learning,decision making and memory retention occur.Sleep deprivation impairs alertnessand injures neurons. It has also been shown to cause irreversible damage to thebrain. A link has been found between sleeping less than 7 hours a night and cognitivedecline, as well as memory loss. New research has found that power naps areextremely helpful in restoring brainpower and offsetting the negative effects ofsleep deprivation.Another important function the brain performs while you sleepis clearing out toxins. Researchers found that amyloid plaque, a protein found inthe brains of Alzheimer’s patients, is reduced during sleep.
3. Vitamin DThis vital vitamin plays an important role in your brain’s health. Itprotects neurons, nursing damaged ones back to health and facilitating nervegrowth. It is also involved in planning, processing information and memory retention.Studies have shown a strong link between vitamin D deficiency and a risk ofdementia. Known as the sunshine vitamin, it can be produced by your body withdaily exposure to the sun. During the winter months, or if you live in a coldclimate, supplements can be taken.
4. Listen or play musicMusic is relaxing and good for your brain, as it improves yourmemory focus and verbal fluency. Listening to music as we age is regarded as amental exercise and helps to keep our mind mentally sharp. Playing an instrumentor getting musical training have shown even better results for memory recall.
122 AICBRF - 2ND Triennial Conference
A study at the University of South Florida, in Tampa, observed the effect of pianolessons on adults aged 60-85. After 6 months of lessons, there were vast improvementsin memory, planning, speed of information processing, and other cognitivefunctions.Studies have looked into how listening to music strengthens your memoryretention. Researchers found that listening to classical music with a 60-beats-per-minute pattern helped activate both sides of the brain, which caused it toprocess information more efficiently, and maximized both learning and retention.It seems that music is not only a mood booster, but good for the health of yourbrain as well.
5. Healthy gut floraYour brain works together with your gut. Millions of good bacterialive in the digestive system, and they help ensure your body functions properly.The gut also contains neurons that are responsible for producing serotonin, a feel-goodhormone. If you consume too many refined carbohydrates, sugars, and processedfood, your healthy bacteria get destroyed. This affects your brain’s mood andbehaviour, as well as its overall health.You can optimize your gut flora by takingprobiotic supplements or switching to a diet heavy in fermentable fibres. Probioticsprotect the body against pathogenic bacteria that would like to take up residencein your gut. You can also try eating more beans, blueberries, broccoli and otherleafy greens, polenta or bananas.
6. LaughLaughter certainly makes life more fun, but did you know it’s beneficial tobrain function? Interacting with others and laughing activates a wide range ofregions in the brain. Studies have shown that the memory of people with activesocial lives declines at a slower rate. This is because laughter activates areas ofyour brain that relate to learning, focus and creativity. It’s beneficial for your brainto be more outgoing. Be active, volunteer or join a club, and keep yourselfsurrounded by people who know how to laugh!
7. De-stressWhen you are stressed, your body goes into survival mode and the brainproduces more adrenaline and cortisol. The body usually resets itself when thestress is over but if you’re constantly under stress the adrenaline and cortisol willwreak havoc on your system. For the brain, these can block the formation of newneural connections. In effect, this shrinks your brain size and affects yourmemory.Stress also limits your mental flexibility, causes General AdaptationSyndrome (A.K.A. burnout) and causes your brain to forget how to fight stress.One way to help with stress is through relaxation – any activity that quiets yourmind and makes you feel more at ease. This can be through meditation, Tai Chi,yoga, or a walk outdoors. Recent studies have found that being in nature helpsimprove cognitive function and reduces stress.
8. Brain-friendly foodYou can optimize your brain’s health simply by changing yourdiet. Nutritionists have even developed The Mind Diet, an eating plan which
123AICBRF - 2ND Triennial Conference
promotes brain health. Eating the right foods with strong doses of vitamins andminerals can actively help your brain function better.Fresh fruit, vegetables andgreen tea for antioxidants - These phytochemicals work to protect your brain cellsfrom getting damaged by free radicals. Antioxidants also have an anti-aging effecton the skin. Regularly consuming antioxidants can even enhance your memoryand focus. Blueberries, cranberries, and red grapes are particularly strong s ofantioxidants.Omega-3 fatty acids to slow degeneration - These fatty acids areknown to help with memory and can help prevent the onset of Alzheimer’s. Thesegood fats have also been shown to protect the brain against the damage causedby junk food, which typically prevents new brain nerve cells from being formed.Because your body isn’t able to produce these helpful acids on its own, you needto get them through your diet. They are found in abundance in fish like herring,salmon, and sardines. Vitamin B12 to counter brain shrinkage - This vitamin boostsnerve health. A deficiency in B12 has been linked to brain shrinkage. When youdon’t have enough B12, you’ll experience mental fogginess and difficultiesconcentrating. To keep your mind sharp, consume plenty of fish, shellfish, liver,eggs and dairy products, which all offer healthy doses of B12.Coconut oil for brainenergy – Your brain needs energy to function regularly and to avoid brain atrophy.Usually, glucose is one of the best s of energy for the brain as it is easily converted.Ketone bodies can do the same job as glucose and help prevent brain tissuedegeneration. Coconut oil is rich in ketone bodies and is a delicious addition toyour diet.
Source: Airief Website
127AICBRF - 2ND Triennial Conference
MEDICAL INSURANCE SCHEME – RETIREE OPTEES**
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
CHIEF GENERAL MANAGER
GENERAL MANAGER
DEPUTY GENERAL MANAGER
ASSISTANT GENERAL MANAGER
DIVISIONAL MANAGER
CHIEF MANAGER
SENIOR MANAGER
II LINE MANAGER
MANAGER
OFFICER
SPECIAL ASSISTANT
CLERK
SINGLE WINDOW OPERATOR
DAFTARY
PEON
UNSORTED
GRAND TOTAL
8
122
176
385
358
317
2254
19
2485
3767
2017
1414
1798
228
67
773
16188
Sl No. DESIGNATION NUMBER OFOPTEES
** Family Pensioners, Widow/Widower of PF optee deceased employees, Resignees,Punished Retirees have not been included in the above list.
PENSIONERS STRENGTH AS ON 31.01.2016Sl. No.1.2.3.4.
CATEGORY OF PENSIONERSREGULAR PENSIONERSFAMILY PENSIONERSREGULAR EX-GRATIAFAMILY EX-GRATIAGRAND TOTAL
TOTAL NUMBER2536952622212530778
Out of 24600 eligible pensioners, 65.8% opted to join Medical Insurance Scheme as onthe last date (20.10.2015) for submitting option letters to the bank.
141AICBRF - 2ND Triennial Conference
100%
NEU
TRAL
ISAT
ION
OF
DEAR
NES
S RE
LIEF
TO
PEN
SIO
NER
S - @
AVE
RAGE
CPI
614
7 (F
EB. 2
016)
Basi
c Pe
nsio
nPe
rcen
tage
of
tape
red
Neu
tral
isatio
n
Tape
red
Dear
ness
Rel
ief
Perc
enta
ge
Com
pens
atio
nRa
te @
100
%pe
r Sla
b Rs
.P.
Pres
ent
Com
pens
atio
nRa
te/S
lab
Rs.
P.
Diff
eren
ce in
Com
pn R
ate/
Slab
Rs.
P.
Diff
eren
ce p
erM
onth
Rs.P
.
Upto
Rs.
1250
/-Rs
.125
1/- t
o Rs
.200
0/-
Rs.2
001/
- to
Rs.2
130/
-Rs
.213
1/- t
o Rs
.250
0/-
Thos
e re
tired
bet
wee
n 01
.01.
1986
& 3
1.10
.199
2/30
-06-
1993
(13
86 S
labs
)
Thos
e Re
tired
bet
wee
n 01
.11.
1992
/01-
07-1
993
& 3
1.03
.199
8 (1
249
Slab
s)
100
%82
%49
%25
%
0.67
%0.
55 %
0.33
%0.
17 %
08.3
813
.40
14.2
716
.75
08.3
812
.51
12.9
413
.57
0.00
0.89
1.33
3.18
NIL
1233
.54
1843
.38
4407
.48
Upto
Rs.
2400
/-Rs
.240
1/- t
o Rs
.385
0/-
Rs.3
851/
- to
Rs.4
100/
-Rs
.410
1/- t
o Rs
.550
0/-
100
%83
%49
%26
%
0.35
%0.
29 %
0.17
%0.
09 %
08.4
013
.48
14.3
519
.25
08.4
012
.61
13.0
414
.30
0.00
0.87
1.31
4.95
NIL
1086
.63
1636
.19
6182
.55
Thos
e Re
tired
bet
wee
n 01
.04.
1998
& 3
1.10
.200
2 (1
115
Slab
s)
Upto
Rs.
3550
/-Rs
.355
1/-to
Rs.
5650
/-Rs
.565
1/ to
Rs.
6010
/-Rs
.601
1/-to
Rs1
0000
/-
100
%83
%50
%25
%
0.24
%0.
20 %
0.12
%0.
06 %
08.5
213
.56
14.4
224
.00
08.5
212
.72
13.1
515
.54
0.00
0.84
1.27
8.46
NIL
0936
.60
1416
.05
9432
.90
NOT
E: B
ank
Pens
ione
rs w
ho re
tired
on
or a
fter 0
1-11
-200
2 &
01-
11-2
007
have
alre
ady
been
get
ting
dear
ness
relie
f @ 0
.18%
& 0
.15%
for t
he e
ntire
bas
ic p
ensi
on @
100
% n
eutr
alisa
tion
afte
r mer
ger o
f dea
rnes
s allo
wan
ce @
228
8 an
d 28
36 p
oint
s of
CPI 1
960
= 10
0 re
spec
tivel
y.
145AICBRF - 2ND Triennial Conference
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/2015-16/XBPS/ G2/851June 4, 2015
Designated Officers of Member Bankswhich are parties to the Bipartite Settlement
Dear Sirs,
Revision in Pension of employees who retired on or after01/11/2012 consequent upon the wage revision as per 10th
Bipartite Settlement and Joint Note dated 25.5.2015
Please refer to our letters No.CIR/HR&IR/XBPS/803 dated 25th May 2015 with regard towage revision to Award Staff/Officers respectively in terms of Bipartite Settlement/JointNote dated 25th May 2015.
Consequent upon the above wage revision, the pension, dearness relief, family pension,minimum pension, etc., payable in respect of those employees who ceased to be in serviceon or after 1.11.2012 and are eligible for pension, need to be revised. We give below foryour guidance, the details in this regard.
(I) PENSION
The basic pension will be revised on the basis of the revised pay w.e.f. 1.11.2012.
(II) DEARNESS RELIEF
The dearness relief shall be payable for every rise or be recoverable for every fall,as the case may be, of every 4 points over 4440 points in the monthly average ofAll India Consumer price index for Industrial Workers in the series 1960 = 100 atthe rate of 0.10 per centper slab on the basic pension.
(III)FAMILY PENSION
In respect of employees (other than part-time employees) who retire/retired fromservice on or after 1.11.2012 the ordinary rate of pension shall be as under:
146 AICBRF - 2ND Triennial Conference
Scale of pay per month
Upto ¹ 11,100
¹ 11,101 to ¹ 22,200
Above ¹ 22,200
Amount of monthly family pension
30 per cent of the ‘pay’ subject to a Minimum of¹2,785 per month.
20 per cent of the ‘pay’ subject to a Minimum of¹3,422 per month.
15 per cent of the ‘pay’ subject to a Minimum of¹4,448 per month andMaximum of ¹ 9,284 per month.
Note:- In the case of part-time employees, the minimum amount of family pension andthe maximum amount of family pension shall be in proportion to the rate of scalewages drawn by the employee.
(IV)MINIMUM PENSION
In respect of employees other than part-time employees, who retired on or after01/11/2012, the amount of minimum pension shall be ¹ 2,785 p.m. In respect ofpart-time employees who retired on or after 01/11/2012, the minimum pensionpayable shall be¹ 932 p.m. in respect of part-time employees drawing 1/3 scalewages, ¹ 1,397 p.m. in respect of part-time employees drawing ½ scale wages and¹ 2,096 p.m. in respect of part-time employees drawing ¾ scale wages.
Pending amendments to Bank Employees Pension Regulations, 1995, bank maycompute pension as above. Before, however, giving effect to the revised pension,a suitable undertaking may be obtained from the pensioners as well as from familymembers/nominees, to enable the pension fund to make adjustments, if any, at alater date.
Member banks may please be guided as above.
Yours faithfully,
K UnnikrishnanDeputy Chief Executive
Pd/BPS/XBP/Final/Circulars
147AICBRF - 2ND Triennial Conference
New Investment Pattern For Non-Government Provident Funds,Superannuation Funds And Gratuity Funds With Effect From 1st April,2015
Government notifies the Investment Pattern for Non-Government Provident Funds,Superannuation Funds and Gratuity Funds. This is reviewed from time to time and revisionsare effected based on the developments in the financial market and economy. The investmentpattern was last revised on 14th August, 2008 and was to be made effective from 1st April,2009. Subsequently, there was a budget announcement in the Budget Speech of 2013-14that the list of eligible securities in which pension funds and provident funds may investwill be enlarged to include exchange traded funds, debt mutual funds and asset backedsecurities. Subsequently, a Committee on investment pattern for pension and insurancesector was constituted by the Department of Financial Services, Ministry of Finance (DFS)under the Chairmanship of Shri G. N. Bajpai, Ex-Chairman of LIC and SEBI, which submittedits report in December, 2013.
The Committee inter alia, made certain recommendations regarding revising theInvestment Pattern to provide greater flexibility to subscribers to maximise returns as alsoto provide long term resources to productive sectors in the economy.
Accordingly, the proposed revised pattern was put up on the website of the DFS in draftform in June, 2014 inviting comments. A large number of comments were received andthese have been examined by the Government.
2. Based on this feedback, the revised investment pattern has been finalised and isbeing notified shortly. It explicitly recognises the fiduciary responsibility of the Trusteesand the need for the exercise of due diligence by them and provides sound and objectivecriteria to them to select any financial instrument. Further, it also gives them greater flexibilityin terms of a wider variety of financial instruments as well as greater freedom to manage
the portfolio, in terms of newer instruments and greater flexibility in investment limits.The changes suggested in the new investment pattern, with effect from 1st April, 2015,inter alia, include:
(i) (i) providing minimum and maximum limits for Central Government Securities,State Government Securities, Government Guaranteed Securities (with aseparate maximum limit of not in excess of 10%) and units of gilt Mutual Funds,forming part of a single category and allowing investment up to 50% of theinvestible funds, instead of 55% under the earlier Investment Pattern of 2008;
(ii) (ii) providing a minimum investment ceiling for the categories of (a) GovernmentSecurities, (b) debt securities and (c) the equity and equity related instruments;
148 AICBRF - 2ND Triennial Conference
(iii) providing new category of instruments, such as, Index Funds, Exchange TradedFunds, debt mutual funds and asset backed securities and instruments, such as,the infrastructure debt funds, real estate investment trusts, Infrastructure InvestmentTrusts, Basel III compliant tier-I bonds of banks and exchange traded derivativeswith the sole purpose of hedging;
(iv) permitting investment in term deposit receipts of even less than one year durationissued by scheduled commercial banks subject to the specified financial criteria;and
(v) prescribing investment of minimum 5% and up to 15% of the investible funds inequity and equity related instruments.
(vii)strengthening credit rating requirements for some financial instruments from“investment grade” to “AA” category, keeping the protection of interests ofsubscribers, in view.
(3) Further, it has been provided that,-
(i) The prudent investment of the Funds of a trust / fund within the prescribed patternis the fiduciary responsibility of the Trustees and needs to be exercised withappropriate due diligence. The Trustees would accordingly be responsible forinvestment decisions taken to invest the funds.
(ii) The trustees will take suitable steps to control and optimize the cost of managementof the fund.
(iii) The trust will ensure that the process of investment is accountable and transparent.
(iv) It will be ensured that due diligence is carried out to assess risks associated withany particular asset before investment is made by the fund in that particular assetand also during the period over which it is held by the fund. The requirement ofratings as mandated in this notification merely intends to limit the risk associatedwith investments at a broad and general level. Accordingly, it should not beconstrued in any manner as an endorsement for investment in any asset satisfyingthe minimum prescribed rating or a substitute for the due diligence prescribed forbeing carried out by the fund / trust.
(v) The trust / fund should adopt and implement prudent guidelines to preventconcentration of investment in any one company, corporate group or sector.
4. The new investment pattern would come into force from 1st April, 2015, that is, fromthe financial year 2015-16.
A comparison of Investment Pattern of 2008 and that of 2015 is furnished:
149AICBRF - 2ND Triennial Conference
Government Securities
Debt Securities and termdeposits of banks
Money MarketInstruments
Equity & equityrelatedInstruments
Exchange Traded Funds/Index Funds
Asset Backed Securities,Units of Real Estate /InfrastructureInvestmentTrusts
upto 55%
upto 40%
upto 5%
upto 15%
No such category
0%
Investmentpattern of 2008Instrument
Minimum 45% and upto 50%
Minimum 35% and upto 45%
upto 5%
A Minimum of 5% and upto 15%
Exchange Traded Funds, IndexFunds and derivatives are part ofthe a minimum 5% and Upto 15%limit for equity and equity relatedinstruments
Upto 5% limit
Investment pattern from01.04.2015
161AICBRF - 2ND Triennial Conference
APPLICATION FORM FOR ISSUE OF IDENTITY CARDS TO EX-EMPLOYEES
From To
__________________________ The Senior Manager/Manager,
Staff No. ______________ Canara Bank,
Designation ______________________ Staff Section (O)/(W),
Canara Bank, __________________________
__________________________
__________________________
Forwarded through:
Canara Bank,
__________________________
__________________________
Dear Sir,
Sub: Request for issue of Identity Card to me
Ref: HO Circular No.230/2004 dated 11.9.2004
This is to state that I have retired on superannuation/taken Voluntary Retirement/SpecialRetirement from the services of Canara bank on ____________ at our_____________________________________ Branch/Section coming under thejurisdiction of __________________ Circle/Wing.
I request you to issue me an Identity Card.
I hereby confirm that the said Identity Card shall be issued solely for the purpose ofidentifying me as a retired employee of Canara Bank.
162 AICBRF - 2ND Triennial Conference
The details required are furnished as under
1. Name & Staff No.
2. Date of Birth
3. Date of Retirement
4. Designation at the time of Retirement
5. Branch/Section from where Retired
6. Blood Group
7. Present Address
Encl.: Two latest stamp size photographs
I request you to send the Identity Card to the above mentioned address.
SPACE FOR TWO SPECIMEN SIGNATURES
Yours faithfully,
SIGNATURE
Place:
Date: Signing Power No.
_________________ Br/Off
Application is to be given to the Branch where the account is maintained/where Pensionis drawn
Signature of retired employeeattested and application forwardedto HRM/ SS(O)/SS(W)/SAS forCanara Bank
MANAGER/SENIOR MANAGER