Updation Of Pension To Bank Retirees Association

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Supreme court of India has delivered judgement favouring Bank Officers on 13th Feb 2018, ordering to fix pension according to pension rules and pay arrears along with 9% interest within four months of the date of order. For the Officers retired between and basic pension was fixed by merging DA upto 1610 points instead of 1684 points. The pension was re fixed w.e.f. From by merging DA upto 1684 points. But it was not revised from date of retirement,Now detailed judgement is delivered by SC.

Updation Of Pensioners To Bank Retirees Association

'First we come to the rigour of the Regulations. The Regulations have statutory force, having been framed in exercise of the powers under Section 19(2)(f) of the Act of 1970 and are binding.

First Triennial Conference of All India Indian Bank Pensioners and Retirees Association. More Details. 63/17 () United Bank Retired Officers’ Association holds its 7th Triennial General Body Conference At University Institute Hall, Kolkata on 30th November, 2017 in the midst of massive participation of pensioners and retirees.

Dear Friends, A bulletin-'PRATHYASA'-(Issue No 43-March 2013) of Reserve Bank Retired Employees Association,Kochi reports on Pension Updation in RBI as follows. Our long pending issues of pension updation and opening of pension. Retirees Association. Of the bank for more than a decade, the retirees are. Aug 8, 2017 - The Department of Financial Services, Ministry of Finance, has set up a committee to resolve the pending issues of bank pensioners and retirees. This is the outcome of a series of meetings the All India Pensioners and Retirees' Confederation had with the Union Finance Minister Arun Jaitley; Minister of.

They could not have been supplanted by any executive fiat or order or Joint Note, which has no statutory basis. The Joint Note of the officers also had no statutory force behind it and could not have obliterated any of the provisions of Act of 1970 or the existing Regulations.

Thus, Joint Notes could, not have taken away the rights that were available under the Pension Regulations of 1995 to the Officer.' 'Thus, in our opinion, the Regulations which were in force till 2003, would apply with full force and as a matter of fact, the amendments made in it by addition of Explanation (c) in Regulation 2(s) did not have the effect of amending the Regulations relating to pension, as contained in Regulation 38 read with Regulations 2(d) and 35 of the Regulations of 1995. Even otherwise, if it had the effect of amending the pay and perks ‘average emoluments’, as specified in Regulation 2(d), it could not have operated retrospectively and taken away accrued rights.

Otherwise also, it would have been arbitrary exercise of power. Besides, there was no binding statutory force of the so called Joint Note of the Officers’ Association, as admittedly, to Officers’ Association even the provisions of Industrial Disputes Act were not applicable and joint note had no statutory support, and it was not open to forgo the benefits available under the Regulations to those officers who have retired from 1.4.1998 till December 1999 and thereafter, and to deprive them of the benefits of the Regulations. Thus, by the Joint Note that has been relied upon, no estoppel said to have been created. There is no estoppel as against the enforcement of statutory provisions.

The Joint Note had no force of law and could not have been against the spirit of the statutory Regulations and the basic service conditions, as envisaged under the Regulations framed under the Act of 1970. They could not have been tinkered with in an arbitrary manner, as has been laid down by this Court in Central Inland Water Transport Corporation Limited & Anr. Brojo Nath Ganguly & Anr., (1986) 3 SCC 156 & Delhi Transport Corporation vs. Mazdoor Congress, (1991) Supp.1 SCC 600. 'Reliance has also been placed on the decision of this Court in D.S. Rgb To Ral Converter Free.

Como Cargar Software De Samsung Galaxy Ace Specs there. Union of India, (1983) 1 SCC 305. It was observed in the context of pension scheme that was non-contributory in character that the benefit, which was given under the scheme, was prospective. In all cases wherever they retire, they would be governed by the liberalized pension scheme, because the scheme was a scheme for payment of the pension governed by 1972 Rules. The date of retirement would be the relevant date. The revised scheme would be operative from the date mentioned in the scheme.