Ref · Web viewRef:2018/006 Date:04.02.2018 The office Bearers/ Central Committee Members/ State...

ChairmanSri D.A.Masdekar

PresidentSri S.M.Deshpande

Vice PresidentSri J.B.DaveSri D.P.GuptaSri F.MartisSri Anindya BasuSri N.MishraSri C.N.PrasadSri A.K.MondalSri H.C.GandhiSri K.Vishwanath NaikSri O.P.Varma

General SecretarySri S.C.Jain

Dy. Genl. SecretarySri Debesh BhattacharyyaSri S.V.SrinivasanSri Ashok PatilSri A.K.BansalOrganising SecretarySri Sunil SrivatsavSri V.K.M.VarmaSri C.Gopinathan NairSri M.N.PanditSri Pratap ShuklaSri S.VelayoudamSri Kalyan Sen GuptaDr.G.S.JogSri Kishore GujaratiSri K.K.GuptaSri Rajendra PrasadSri N.T.HegdeSri S.RadhakrishnanSri B.Venkat Rao Sri Rajan DhargalkarSri Suresh SharmaSri R.ShirambekarSri B.G.RaithathaSri Ranjit Bhattacharyya

TreasurerSri M.S.Chourey

Regd. Office: 246, Ellis Bridge Shopping Centre, 2nd Floor, Opposite Town Hall, Ellis Bridge,

Ahmedabad - 380006. E-Mail: sharbat_123@rediffmail.com Website: www.aibrf.com

ALL INDIA BANK RETIREES’ FEDERATION (Regd.)(Regn. No:G 6601 under the Trade Union Act 1926)

D-1/1, Sector-C, Scheme-71,Near Kasara Bazar School, Indore – 452 009.

Ref:2018/006 Date:04.02.2018

The office Bearers/ Central Committee Members/ State Body Chiefs of AIBRF

Reg. Enforcement of Regulation 26 of Pension Regulation 1995 by banks  Verdict of various High Courts and Supreme Court.

. As you are aware that banks did not enforce Regulation 26 in regard to fixation of pension of employees recruited as Specialist Category officers in banks on one plea or the other.

The effected employees filed writ petitions in different High Courts and Supreme Court. The High Courts gave conflicting judgments and finally matter approached Supreme Court. The Supreme Court gave judgment in favor of employees by dismissing appeals of managements of various banks but this judgment was implemented by banks in favor of affected employees only. We wrote a letter No. 2017/ 132 dated 28.12.2017 to Under Secretary Govt of India Ministry of Finance stating that in view of pending litigations in various High Courts and Judgment of Supreme Court, the Supreme Court Order be made applicable to all pensioners who come within the ambit of Regulation 26 of Pension Regulation 1995 to avoid litigations. Your direction to IBA will give relief to several affected retirees and simultaneously banks will also be saved from fruitless litigations. This matter is akin to another pension option to leftover retirees which the Govt have to implement in view of several litigations.

We are happy to inform that acceding to our request, IBA has issued directions to banks vide letter CIR/HR&IR/SKK/2017-18/4439 dated 01.02.2018 to implement Regulation 26 all cases. We attach copy of our letter addressed to Under Secretary and Letter of IBA to all banks for your information We are actively pursuing the matter of another option to all compulsory retired employees in view of Supreme Court judgement in S K Kool case and hopefully IBA may issue instructions to banks soon.

With Warm Regards Yours Sincerely,

Encl as above ( S.C.JAIN) GENERAL SECRETARY