BREAKING NEWS

BREAKING NEWS ""**Banks will remain closed from 2nd to 4th March 2026

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Sunday, April 26, 2026

Updation of Pension: Our next Final Hearing Date in

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

No comments:

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">