Updation of Pension:
Our next Final Hearing Date in S.C, when is a perplexing & moot question?
It is learnt that DFS has told the Supreme Court to abide by the Supreme Court verdict & implement. They smell the verdict & hence has issued their circular recently on 20thApril to SBI & all PSBs to take immediate steps for making respective amendments in BEPR soon relating to 12th BPS before the start of 13 th BPS/ 10th Jt Note wef 01.11.2027. It is a welcome decision. Now they can not deny Updation & prolong the case. In view of the above,
The IBA/DFS may request at least 3 to 4 months time to implement updation of Pension by bringing Amendments in BEPR, Gazette it, which will have only statutory backing.
Then only we shall have permanent remedy. They have specified 3 to 4 months definte time to complete the exercise but said before start of commencement of wage negotiations on 01.11.2027.
We have to see whether the Court will accept their plea or Order for implementing the same immediately. IBA must bring Amendments to BEPR soon. It is why they have given Ex-gratia upto 2027, well planned, UFBU also duly accepted it without any question.
We must demand Updation of Pension soon after the verdict with retrospective effect with 9℅ interest since our demand is legally susceptible and a valid one without any delay. They can not delay the processes further.
Let us Hope & pray God.
S. Ganapathy
Forwarded as received
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