It is an new way of befooling the retirees---by Vasant Vankudre

orwarded message..

Appeal by C. H. VENKATACHALAM A Reply by Vasant Vankudre

Dear Retiree Banker Friends,

It is very much surprising that a stalwart leader like CHV has tempted ( or deliberately given )

to give such an appeal to bank retirees and demanded suggestions from them about updation of pension.

I personally feel that it is an new way of befooling the retirees. Because

1. The law of the land says that he cannot sign any bipartite when he is retired from services still he is signing every Bipartite.

2. He has not having any authority to represent the retirees, since he has not received any mandate from bank retirees.

3. He needs to represent the retirees in 12th Bipartite settlement hence he is perhaps trying various tricks by doing so Throughout his career he is acting against law.

4.the PF was transferred to pension corpus fund the employee established a lifelong contractual relation with the concern Bank.

Still IBA AND ALL UNIONS have illegaly signed an agreement in 2015 that retirees don't have any contractual relationship with banks and still today they are half heartedly following it. The Mango theory and where is fund ? is the best known funny statements of CHV. He is forgetting that for paying pensionery benefits EMPLOYER'S economic position is not at all being considered by any court in INDIA.

5. The index point of 8088 relates to period 2012- 2017 (ie for 10th Bipartite) which can not be freezed without Notional increase of 10 % at every Bipartite unilaterally by anybody and moreover when the 12th Bipartite is in progress it can not be done.

6. RBI has second time considered the updation / revision of pension and has given effect with 10 % Notional Increase.

7. PS Banks pension scheme is exactly the same as per RBI pension Scheme. Regulation 56 of BEPR 95 clearly says that in case of any doubt it is suggested to refer Central Civil Services Rules and the courts have underlined that if there are more than one replies the one in favor of employees be chosen.

8. As such any suggestions called for from Bank Retirees by CHV has no meaning at all. No body should give CHV any suggestion regarding Pension updation/ revision except in line with RBI which has been accepted by IBA AND ALL UNIONS.

9. CHV has no option other than at least to promote the Formula prevailing in RBI since March 2019, because AIBEA is the union who has signed the pension scheme on 29.10.1993 wherein it has been clearly mentioned in rule no 12 that UPDATING shall be done on RBI line. And no valid documents are available for having legally amended the pension scheme.

10. Hence CHV can not appeal to retirees for calling any suggessions in the Pension updation/ revision scheme.

11. CHV with hand in glove has already made various criminal acts like accepting tapering DA and signing to accept to remove the mistake that to prospectively and not retrospectively. He has taken lead in promoting the rocket high Group Health Insurance Premium when Khandelwal Committee and even the DFS has recommended free insurance to retirees also in line with Working Employees.

12. Hence it is sure that he shall be chargesheeted very shortly in the first ever criminal case filed at Kolhapur against him also for acting against law.

- Vasant Vankudre

Kolhapur

4.11.2023

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