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Tuesday, October 29, 2019

Latest judgement of Kerala High Court,
*on inclusion of Spl.Allow. in calculation of Pension/computation/Gratuity for those who retired after 31.10.2012.*

*It is Good news indeed.*

But, Judgement came after 4 years.
Bank management will definitely go to Supreme court.

Will final verdict be positive and delivered within our life time?

Vital portion of the Judgement is attached.



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21 comments:

  1. S ChandraOctober 29, 2019 at 7:57 PM

    Thus,one demand of the current settlement is already met!! Thanks to the hon'ble High Court.I am sure the way this allowance was introduced surreptitiously, it will not stand even in Supreme Court. Thanks to the valiant petitioners too who have fought for justice for thousands.
    It was appalling to see some had to return from their retirement corpus.

    Banking industry is really witness to some nasty anti-employee settlements and Unions have been mute spectators. Forget about their bargaining power, they even fail to see what is good for the people or not. Lack of knowledge to say the least. This judgement is a slap to the negotiating parties.

    Cheers!!!

    ReplyDelete
  2. jayanthmOctober 29, 2019 at 8:20 PM

    Don,t be happy. Aibea will go for strike to cancel this because thsese are the things to be settled by union through agitation and strike not by going to court
    If it is to be settled by court order why the unions did not do it.
    See the ot issue during demonetisation ,they are begging not approaching court.
    Even they are not happy with adhoc arrears payment

    ReplyDelete
  3. S ChandraOctober 29, 2019 at 8:38 PM

    Thus,one demand of the current settlement is already met!! Thanks to the hon'ble High Court.I am sure the way this allowance was introduced surreptitiously, it will not stand even in Supreme Court. Thanks to the valiant petitioners too who have fought for justice for thousands.
    It was appalling to see some had to return from their retirement corpus.

    Banking industry is really witness to some nasty anti-employee settlements and Unions have been mute spectators. Forget about their bargaining power, they even fail to see what is good for the people or not. Lack of knowledge to say the least. This judgement is a slap to the negotiating parties.

    Cheers!!!

    ReplyDelete
  4. VbrajOctober 30, 2019 at 11:42 AM

    Verdict is ok and good for us. But it will remain as pending... when it will get implemented ? No unions will after that... again move to court for get it done...

    ReplyDelete
  5. Atanu ChakrabortyOctober 30, 2019 at 1:28 PM

    Court is giving verdict in favour of the employees or retirees oftenly I see but implementation of these court orders are being hard due to non cooperation of the serving unions .They are hardly persuing these case with IBA especially for the retirees.Non existance in the bergain table with I B A is the main factor for the retired employees/officers.

    ReplyDelete
  6. UnknownOctober 30, 2019 at 2:04 PM

    When next date of meeting about settlement ? This verdict is to be implemented while signing bipartite.

    ReplyDelete
  7. Bharat Bhushan MalikOctober 30, 2019 at 3:02 PM

    UFBU must fight that while calculating the pension Special pay be included as the part of Basic

    ReplyDelete
  8. AnilOctober 30, 2019 at 9:17 PM

    Instead of demanding our unions are discussing about the settlement.wage code must be implemented as per the amendment and acts .if they are asking about profit then where is the profit of MP and MLA one's.if their salary was decided by themselves then why not bankers .all the public sector undertakings run in profit .why our unions not demanding about this . honestly saying i im in one of the unions when coming to the discussion of wage settlement i will not supported the unions .if you took the indefinite strike with all the respective banks atleast one week to two weeks govt must agree with us .if unions allowed performance linked pay we the bankers always supported the decision taken by you .we will visit the courts to ask on what basis banker salary decided ,where is wage code then etc .

    ReplyDelete
  9. AnonymousOctober 30, 2019 at 10:13 PM

    Hopefully iba, Bank Management, dfs and union leaders will jointly fart on all your faces. Ha ha ha

    ReplyDelete
    Replies
    1. VbrajOctober 31, 2019 at 11:12 AM

      Haha ha... gud one.... in turn why can't we fart back on union leaders when they demand levy???

      Delete
  10. MVR MurthyOctober 31, 2019 at 1:27 AM

    In my case out of 960/- spl allowance pqa RS 60/_ treated as DA portion and disallowed for consideration for pension at my retirement on 30.06.2011. With this judge please let me know whether they may permit 60/_ also now...?

    ReplyDelete
    Replies
    1. AnonymousOctober 31, 2019 at 7:34 AM

      What rubbish. There was no special allow when you retired on 30.6.11. The SA came into existence from 1.11.2012

      Delete
  11. AnonymusOctober 31, 2019 at 7:35 AM

    UFBU leaders are looking for levy only

    ReplyDelete
  12. DavisNovember 1, 2019 at 2:58 PM


    The Banks will go to supreme Court for staying the verdict, and that expenses will be met from pension fund, ie our fund. See the paradox, using our money Banks will fight against us to get a verdict against us.

    ReplyDelete
  13. AnonymousNovember 1, 2019 at 9:27 PM

    Who are those bankers/ legal officers/GMs/ DGMs recommending to take the case to Supreme Court. Even ED /MDs are carrier bankers and know the plight of bank employees. Simply not able to comprehend why we are our own enemies.

    ReplyDelete
  14. UnknownNovember 2, 2019 at 4:15 PM

    There is anomaly in payment of gratuity. 1.W calculating gratuity under OSR component of DA ignored
    2.Additonal gratuity to those whose total service is above 30 years not paid.3 There is no ceiling on gratuity i.e ten lac or twenty lac. Many ALCs gave verdict on favour of officers but still no move to take up matter with banks at apex level. Our minds have been conditioned over years hence we are afraid of going to court against such anomalies. Banks take advantage of this.

    ReplyDelete
  15. gummadi babuNovember 4, 2019 at 2:21 PM

    gvgr babu from sbim retired. SC judgement dated 13.02.2018 in this aspect had nbot been implemented in respect of post 1.11.2012 retirees. Govt is putting deaf year to the court judgements. IBA abd Unions are chearing the employees and they themselves are also not getting the benefitm but then we dont understan d ehy the unions are doing this? What is the motive behind this? God alone knows the reasons.

    ReplyDelete
  16. AnonymusNovember 7, 2019 at 6:57 PM

    Ours is a system where in both UFbU and IBA are parties.no court can interfere in this process of wage settlement. So ccourt cannot do anything

    ReplyDelete
  17. UnknownNovember 9, 2019 at 8:17 PM

    Request to UFBU leaders to merge special allownce with basic and updation of pension inforth coming settlement.

    ReplyDelete
  18. mjsNovember 14, 2019 at 7:14 PM

    hi

    thnks for review

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    ReplyDelete