HOW MUCH A PENSIONER LOOSES ON NON-UPDATION OF PENSION!

In 1995 Pension settlement it is agreed between  IBA and Unions

That ,whenever industry wise settlement on wage revision is settled

 Pension will also be revised accordingly.

Even after  3 bipartite settlements signed pension is not revised.

Central and state Govt. have revised Pension after every Pay Commission

To their employees.

Following table/calculation will tell how much a retired Bank Pensioner is loosing

Every month.

Public Interest litigaton for updation of PENSION and other Issues!

HERE IS THE DETAILS OF PETITION:
T.ASHOK SHENOY,B.A.B.L.,CAIIB.,                                BANGALORE
ADVOCATE,
A1-401, SHRIRAM WHITE HOUSE,                      DATED 18th May,2011
15TH CROSS, 6TH MAIN,
R T NAGAR, 2ND BLOCK,
BANGALORE- 560032.
Karnataka State
TO:
THE HONBLE CHIEF JUSTICE OF INDIA,
SUPREME COURT OF INDIA,
NEW DELHI- 110001
                           

      PUBLIC INTERESTLITIGATION PETITION 
     BEFORE THE HONOURABLE CHIEF JUSTICE OF THE SUPREME COURT OF INDIA

1. EARLIER SENIONER CITIZENS WERE CONSIDERED TO BE THOSE WHO HAVE COMPLETED 65 YEARS.NOW A SENIOR CITIZEN IS A PERSON WHO HAS COMPLETED 60 YEARS.

2.I AM REFERRING TO THE PENSION REGULATIONS OF BANK EMPLOYEES IN INDIA,1995.

UPDATION OF PENSION AS PER WAGE REVISION!

RAJASTHAN HIGH COURT'S VERDICT ON 
UPDATION OF  PENSION TO LIC EMPLOYEES!
JAIPUR:

The Rajasthan High Court has come down heavily on the inaction of the Life Insurance Corporation of India (LIC) for not adhering to its board resolution to pay equal pension to all the retirees across the country irrespective of their date of retirement. The court verdict is bound to affect thousands of retired personnel of LIC in the country.