The Veteran

Quarterly News Bulletin of I.O.B. Retirees' Association

Volume : 2 April 2012
Issue: 4

President Speaks
My Dear Veterans, Greetings to all of you. Since our last issue of Veteran, lot of activities have taken place. Our Association celebrated the Platinum Jubilee of the Bank on 10-08-11, When our beloved Chairman and Managing Director Mr. Narendra, Mr. A. Vellayan Director IOB and Chairman Murugappa Group and Mr. L. Balasubramanian President AIOBEU and NUBE participated. Our Bank celebrated Platinum Jubilee in great style in all Centres besides hosting BANKCON for the Second Time in a grand manner that is exclusive only to IOB, attracting very good participation from fellow Bankers. Regional Council Meetings of our Association were held in Kolkatta, Palghat, Coimbatore, Erode, Salem, Madurai, Kozhikode, Kariakudi , Bangalore and Mysore. Tamilnadu Bank Retirees Federation was inaugurated on 11-11-11 at 11.11 a.m. in CHENNAI when about 400 Delegates from seven affiliates attended. Triennial Conference of All India Bank Retirees Federation st nd rd was held on 1 , 2 and 3 March 2012 at Kolkatta. About 1500 Retirees attended the Inaugural Session addressed by Sri E.M. Sudarsan Nachiappan MP and Former Chairman of Parliamentary Committee on Public Grievances, Pension, and Shri. C.H. Venkatachalam Genral Secreatry AIEBA and Chief Convenor of UFBU. Delegtes sessions on nd rd 2 and 3 MARCH 2012 were also attended by about 400 delegates with active participation. Overall the Conference was a grand success and ultimately the passion of Retirees stood out. Kudos to Comrades of Kolkatta who had made excellent arrangements and they took care of every aspect of arrangement with total involvement. Red Salute to them, our Kolkatta Comrades and Mr.Ashok Ganguly and others of IOB Employees Union West Bengal who honoured us in renowned India Exchange Place Branch premises. Our Bank has set apart a sum of Rs. 25 Crores for Platinum Jubilee gift to serving staff and sum of Rs. 1000/ each for the Pensioners as on 01.02.2011. Our heartfelt thanks to our beloved Chairman and Managing Director, Executive Director and General Manager for this gesture. We have requested the Bank: 1. To permit Medical Check up for Retirees and their spouse as one time measure. 2. To give second option under REMAS and also permit VRS Optees to join this Scheme once they attain the age of superannuation. Bank is considering all these requests favourably and their decision is awaited. Whether it is our Retirees Federation or State level Bank Retirees Federation or All INDIA Bank Retirees Federation our UNITY IS THE PRIME FACTOR. In order to drive home this point let me narrate a real life incident. Between Stimulus and Response, we have the freedom to Response" - Stephen R. Covey. It was a Sports Stadium. Eight Children were standing on the track to participate in a running event. * Ready! * Steady! * Bang !!! With the sound of Toy pistol, All eight girls started running. Hardly had they covered ten to fifteen steps, when one of the smaller girls slipped and fell down, Due to bruises and pain she started crying. When the other seven girls heard the little girl cry they stopped running, stood for a while and turned back. Seeing the girl on the track they all ran to help. One among them bent down, picked her up and kissed her gently And enquired as to how she was.. They then lifted the fallen girl pacifying her. Two of them held her firmly while all seven joined hands together and walked together towards the winning post........ . There was pin drop silence at the spectator's stand. Officials were shocked. Slow claps multiplied to thousands as the spectators stood up in appreciation. Many eyes were filled with tears And perhaps even God's! YES.!! This happened in Hyderabad [INDIA], recently! The sport was conducted by National Institute of Mental Health. All these special girls had come to participate in this event They were spastic children. Yes, they were Mentally Challenged. What did they teach the WORLD? Teamwork? Humanity? Equality among all?? No...... They taught .......... Successful people help others who are slow in learning .............. So that they are not left far behind ! This is really a great message ... Spread it ! We never do this because we have brains !!!! With Regards, Yours truly AL. Chandramouli President

CONTENTS 1) President Speaks 2) G S Speaks Memories of 151 Mount Road 3) An Appeal 4) Updation of Pension - A hardcore issue: S.R. Kulkarni 5) Federation News The Third Triennial Conference IOBRA in the conference AIBRF meetings TNBRF inaugurated AKBRF Conference 6) Association News: Matters taken up with the bank Events : IOBRA Celebrates Bank's Platinum Jubilee Palakkad Regional Council Kozhikode Regional Council Coimbatore Regional Council 2 3 3 7 7 8 9 9 9 10 11 12 12 12 1 Erode Regional Council Salem Regional Council Bangalore Regional Council, meetings at Mysore and Bangalore Madurai Regional Council Karaikudi Regional Council Kolkata Regional Council 7) UFBRO News 8) Deposit Mobilisation 9) Bank News 10) April Engagements 11) Sathabhisshekam / Shashtiabda Poorthi 12) Personal 13) Obituary 14) Legal Corner 15) DR Chart February - July 2012 13 13 13 13 14 14 14 14 15 15 16 16 16 17 20

G.S. Speaks
Dear Veterans! MEMORIES OF 151 MOUNT ROAD We, IOBRA, celebrate the Platinum Jubilee of our bank along with all IOBians. We have a special reason to celebrate, as we are an inseparable part of this history. It was due to the tireless efforts of Sri. M.CT. Muthiah who took over the bank as Chairman at an early age and built it up as a totally Professional Institution in a short time. He bought the Property for the Central Office with successful winning of the toss over the rival bidder TVS and constructed the present Central Office. He toured all over the world to appoint IOB's Correspondents all over the world including Syria, China and Taiwan. All these resulted in the bank getting included in the list of 14 commercial banks to be nationalized at the bottom of the list It was perhaps the youngest and the smallest of the lot, perhaps unnoticed by veterans in the industry. But, Seventies and eighties catapulted the bank to the top slot of the list of PSBs as the fastest growing bank continuously for more than a decade. We all were proud to be part of the Phenomenon that was IOB .We, the IOBians were the envy of other bankers. NIBM made a special study of the phenomena that was IOB. The bank jumped the line from 14th position in the comity of nationalized banks to the 5 th position in a very short time and stayed put there for long. What made it happen and who made it possible? Thinking about those times when we were maturing in our own indigenous way into a professional banker with tons of confidence in ourselves and much more pride in the bank that we were building, there were a number of stalwarts rubbing shoulders with us-the babes in arm freshersholding our tiny hands and teaching us banking with ease and helping us blossom. No one was too big to learn and none was too small to teach. It was really a family, No, it was one big team whose members were simultaneously powerful leaders of their own influential team. Oh! What a wonderful team it was! The one and only undisputed leader of the team was Shri. A.M. Kadhiresan, the then Chairman of the bank, who should be rated as one of the best Bank Chairmen of the century in our country and a successful Role model for a team leader. I wish he had written volumes on his management style and technique or delivered lectures in IIMs or Universities on his philosophy of Management. He never pretended to be an expert or genius in any discipline of banking; but scores of experts and geniuses were swearing by his name and proudly proclaimed themselves as his team members; each one of his team members earned a name for IOB's supremacy in their own chosen area of dedicated work. No wonder The Economic Times carried a news item on the day of his Retirement Captioned GENTLEMAN GOES IOB identified its own thrust areas in tune with the national objectives like Rural Banking, Lead Bank Scheme, International banking and Planning for Growth. IOB had committed players in all these fields. They put the bank on top of the list in their chosen area of Banking The secret of IOB's success was that the entire IOB,right from the Chairman to the part-time sweeper, worked as a single team. The Veteran and IOBRA salute all those greatmen, who led this bank into the annals of history. Thank You sirs Yours truly, Dr. B. Ramji General Secretary

An Important Notice
This issue of The Veteran is being posted to the residential address of all the Pensioners as available in Banks records. The next issue will be distributed to only our members and non-members will not get the magazine.We will post the magazine to the residential address of members only if they have remitted postage of Rs. 100/- Other members will collect the magazine from their respective Regional Secretary in the quarterly meetings held in the respective Regional Councils. Therefore all retirees who are yet to become member are requested to enroll as members by remitting Rs. 600/-(Rs. 500/- towards Life membership fee andRs100/- towards Postage for The Veteran( for 1 year), along with a completed Membership application form. Members are requested to send a remittance of Rs. 100/- towards Postage for The Veteran ( for 1 year), if not remitted already.

An Appeal
Dear Friends! We request all retirees who have not yet become our members to become members and strengthen l our organization. We request our members to help us by canvassing and making all their friends as our members. We are attaching a membership application form for your use. We request all Family Pensioners who have not yet become our members to become members and l strengthen our organization. We request old members who had become members before 2008 and who have not sent latest l personal data after 2008 to fill up the attached membership and bio-data form without any Cheque / DD for updating our record Members are requested to remit Rs 100/- towards postage for posting The Veteran l Members are requested to donate liberally to improve the financial position of our Association. l Members are requested to donate Liberally under Pay back scheme. l Donate liberally for effective functioning. Strengthen IOBRA and AIBRF

Updation of Pension - A Hardcore Issue

Who Holds The Master Key For Permanent Solution?
S. R. Kulkarni For more than a decade, bank pensioners have been making hectic efforts for updation of pension. More than four wage revisions for serving employees / officers have taken place and each time they got a substantial improvement in their wages. What about the pensioners? No improvement? The basic pension remained the same from the date of retirement. Pensioners, individually or through their organizations, did everything whatever they were advised. Submission of memorandums to the concerned authorities, participation in agitational programmes like dharana, demonstrations arranged by service unions. Even knocked the doors of Judiciary at all levels. But no solution in sight! Why is it happening? Is there any mistake to choose the right path for the solution of this issue? Let us examine with open eyes and also with open mind. 1. Writ Petition filed by Pradip Kumar v/s Bank of India & others (W.P. Civil No. 25 of 2005) in the Supreme Court: Bank pensioners hopes were raised high for more than two years by making them to believe that a definite solution on updation of pension would emerge once the judgment of Supreme Court comes out. 1.1 After reading the order of the Supreme Court dated 12-10-2011 all of us were disillusioned. In the said order of the Supreme Court there was no reference made about the most important matter of updation of pension. However, as per the communication received from General Secretarys office of AIBRF, it appeared that the Honble Bench made following oral remarks on the issue of pension updation. (a) There could be legal points in the matter of pension rules applicable to the Central Government Employees as they come out of Awards while pension rules applicable to the bank employees are outcome of settlement reached between two parties. (b) Each Bipartite settlement is independent and cannot be compared with another one. The court could look into only on the aspect of the discrimination meted to the employees / group of employees within the same settlement. The said communication further states that on hearing these remarks of the Honble bench, Shri Pradip Kumar took decision not to pursue the issue further as the views expressed by the Honble Bench were damaging, disturbing and disappointing to our cause. 1.2 Bank pensioners in general, have also felt not different. The impact of above oral remarks on updation of pension may damage the fate of other similar cases pending in number of courts in the country. 2. Position of updation of pension in Reserve Bank of India: In the year 2003, Reserve Bank of India Central Board sanctioned updation of pension to its preNovember, 1997 pensioners. The management

2.1

implemented decision of the Central Board by issuing a circular dated 01-09-2003 with effect from 1st November, 2002. When the pensioners from public sector banks and Insurance companies made similar demand, the Central Government objected to updation of pension given to R.B.I. pensioners and asked (not in writing) the management to withdraw the circular dated 01-09-2003 on updation of pension and recover the amount of benefit enjoyed by the pensioners. R.B.I. management issued orders on 10th October, 2008 for withdrawal of updation of pension. Three aggrieved pensioners filed Writ Petition No. 7109 of 2009 in the Bombay High Court on 27-04-2009 against the withdrawal of updation of pension. Bombay High Court set aside the order of the Bank dated 10th October, 2008 and directed the petitioners to make a representation to the Government of India and also asked the Government to give hearing to the concerned petitioners and dispose of the matter in this regard by a speaking order. The Government of India, on the basis of the representation dated 19-05-2009 submitted by the petitioners, passed the speaking order dated 23-102009 making its stand entirely clear not in favour of updation of pension in Reserve bank of India. Some of the following important remarks expressed by the Central Government in its speaking order are most discouraging and harmful even to all of us: (1) The circular dated 01-09-2003 contravenes the provision of the R.B.I. Pension Regulations, 1990 and in order to restore the sanctity of the rule, it was required to be withdrawn. The delay in withdrawing the circular is however, a matter of concern. (2) The Pension Regulations, 1990 have been framed under clause (i) of sub-section 58 of RBI Act, 1934 by the Central Board of R.B.I. with the previous sanction of the Central Government. The Board of the bank thus can exercise only such powers which have been specifically rested / authorized in the Pension Regulations. The Board is not entitled to assume usurp and exercise such powers, which are not vested with it. (3) As per R.B.I. Pension Regulations, 1990, Pension is to be calculated on the basis of the average of 10 months pay drawn and not on the basis of the notional pay. Further, there is no provision in the R.B.I. Pension Regulations, 1990 to update pension. (4) It is true that the pension scheme in the banks including R.B.I. has been modeled on the pension scheme is the Central Government. It is evident that the scheme has been modeled and not the same as that of the Central Government Employees. The model of the scheme on the pattern of another scheme not construe that as and when some amendments are carried out in the scheme modeled there from. (5) In the case of retirees from 01-01-1986 to 3110-1987, it was not notional fixation of pay but the merger of D.A. in the pay scales to save them from a disadvantageous position.

(6)

(7)

(8)

(9)

Otherwise their pension would have been determined on the basis of their pay scale of 1982. In the case of Central Government retirees, the Government had accorded approval for the fixation of the pay of the retirees on notional basis and thereafter re-fixation of pension on the basis of notional pay. In the case of R.B.I. retirees, Government has not accorded approval for the determination of pension on the basis of notional pay. The extent regulations of R.B.I. Pension Regulations, 1990 provide for the determination of pension on the basis of average of last 10 months pay drawn. Ministry of Law was consulted on this issue and has opined that : (a) The employees of R.B.I., which is a statutory body, cannot be equated with the employees of the Central Government, in respect of pension, because pension of the R.B.I. employees is governed by the Regulations framed under the R.B.I. Act. (b) As the pension regulations are framed in exercise of statutory powers under the R.B.I. Act these are the statutory regulations. Any deviation / amendment of the provisions of these pension regulations without formally amending it after following the procedure prescribed by the R.B.I. Act will not be permissible under the law. No deviation / amendment of pension regulations can be made by administrative orders / instructions. Indian Banks Association was consulted in 2004, who did not view the proposal favourably and has stated as follows: (a) The proposal if implemented would strengthen the demand made by the officers associations / workers unions in the public sector for updation of pension on the basis of updation formally adopted by R.B.I. (b) There is already a demand from others associations / worker unions that any improvement in the pension scheme made by R.B.I. would be automatically extended to the employees / retirees of public sector banks (PSBs) (c) The PSBs are not in a position to agree to any such demand because 1) there is no provision in the pension regulations of PSBs for updation of pension of past retirees 2) updation of pension may result in an increase between 17% to 32% depending upon the date on which the employees had retired 3) updation of pension may involve approximately an amount of Rs. 1042 crore for the PSBs excluding State Bank of India. Any administrative order or instruction which circumvent the provision of the Regulations is

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3.

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unsustainable. Further the Regulations have the precedence over the administrative orders / instruments. It will have wide ramifications and repercussims in the Financial Sector. On studying negative oral order of the central Government and realizing its uncompromising mindset against updation of pension, the petitioners and R.B.I. Pensioners Association immediately challenged the speaking order with a fresh writ petition in the Bombay High Court on 24th November, 2009. The present status of the petition is that it has been admitted and its hearing is postponed to undeclared date. The present position of updation of pension in R.B.I is that all pre November, 1997 pensioners have been enjoying benefits of updation of pension. The R.B.I. management has not extended further updation to them after the wage revision of 2002 and 2007. Similarly, pensioners retired after wage revision of 2002 have been deprived of updation of pension commensurate with the wage revision of 2007. Anticipating the damaging impact of the speaking order of the Central Government on the issue of updation of pension for the past and future retirees as well as on the independent authority of R.B.I. Central Board, all service unions in R.B.I. jointly taken up the issue of updation of pension on their main agenda. After submitting the memorandum jointly in this regard, to the R.B.I. Governor, they have launched agitation programmes of demonstrations before the offices of R.B.I. in the country. The unions are planning to intensify their programme such as one days strike to pressurize the Governor and the Central Government to concede the demand of updation of pension on the line of the recommendations of 5th and 6th Central Pay Commission. Position of updation of pension in L.I.C. The board of L.I.C. took a decision on 24-11-2001 to extend updation of pension to its employees. But the L.I.C. management did not implement the decision of the Board for a long time, one of the L.I.C. retirees Shri. Krishna Murari Lal Asthana filed a writ petitions in the Rajasthan High Court against L.I.C. The High Court gave a judgment on 12.01.2010 in favour of the petitioner and directed L.I.C. to implement the decision of the Board dated 24-11-2001. L.I.C. filed an appeal against the judgment of High Court. The Division Bench of Rajasthan High Court dismissed the appeal on 21-01-2011 and directed L.I.C. management to implement the judgment of the Single Judge dated 12.01.2010 L.I.C. management filed two review petitions in Rajasthan High Court against the decision of Division Bench. Simultaneously, L.I.C. filed S.L.P. in the Supreme Court. The Supreme Court disallowed the S.L.P. on the ground that no appeal can be entertained till pendency of review petitions. When reviews petitions were dismissed, L.I.C. filed a fresh S.L.P. in the Supreme Court. The important legal point was highlighted in the judgment of the Single Judge as under: Under section 21 of L.I.C. Act, the Board is authorized to take decisions without prior approved

3.2

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of the Central Government if the said decisions are not going against the public interest. Even the learned counsel for Union of India had accepted the aforesaid proposition. When a fresh SLP came for hearing before the Supreme Court on 14-11-2011, a counsel for L.I.C. submitted that the LIC management was prepared to implement High Courts order provided the Central Government grants its approval. The Supreme Court gave a direction that pending approval of the Central Government, the cost of updation of pension i.e. Rs. 52 crore be deposited in Rajasthan High Court. Situation in State Bank of India Though pension is the third benefit in S.B.I. the pensioners have been fighting for removal of ceiling on amount of pension payable to employees retired during the tenure of different wage revisions. The old pensioners have been fighting for updation of pension along with ongoing wage revision of employees / officers in service. Conclusion: Can we rely on judiciary? Assuming that (1) Pradip Kumar fought the case in Supreme Court on the issue of updation of pension halfheartedly by mixing up his personal issues but we cannot escape the impact of oral remarks of the panel of Supreme Court which are very serious and damaging the interest of Bank retirees so much so that chances of getting relief from the judiciary have become very doubtful in future. Even by filing a fresh strong petition in the court on up-dation of pension, how much years it will take is unpredictable besides uncertainty of its outcome. (2) Let us study carefully, the speaking order dated 23-10-2009 issued by the Central Government in the matter of updation of prison in R.B.I. This order not only crushed updation of pension in R.B.I. but it gave warning signals to retires of public sector banks, L.I.C., GIC and other public financial institutions. The tone of speaking order shows the strong determination of Central Government not to allow updation of pension at all in R.B.I. and in PSBS also. The Central Government has asserted that the case of D.S. Nakara v/s Union of India is not applicable to bank employees. The Central Government is firm on its stand that Central Board of R.B.I. has no authority to decide on updation of Pension Regulations in R.B.I., public sector banks and LIC/GIC are modeled from the pension Regulation for Central Government Employees. The Central Government also asserted in its speaking order that there has been no provision for updation of pension in Pension Regulation of R.B.I. (3) The most important thing we must understand that the speaking order dated 23-10-2009 issued by the Central Government has become the main hurdle without its prior approval. This is also applicable to LIC Board and Boards of public sector banks. Unless and until this hurdle is removed, the road to achieve updation of

(4)

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pension will remain blocked. Who will do it? And through what means? (c) Let us see what R.B.I. Pensioners have done? To get the updation as ongoing process along with wage revision, the Pensioners Association has taken assistance of Service Unions. And they have also taken up the issue very seriously and have launched agitational programme all over the country to pressurize R.B.I. Governor to get the clearance for updation of pension from the Central Government. The important print to be noted here is that in consultation with leading lawyers, the R.B.I. Pensioners Association have not decided to file a separate petition in Bombay High Court for updation of pension. Post wage revision of November, 2002 and 2007. The Association decided to avail the bargaining power of service unions which it feels, the only option to achieve the updation of pension on the post wage revisions of November, 2002 and November, 2007 and so on. In public sector banks, pension scheme is introduced out of bipartite negotiation between service unions (UFBU) and India Banks Association (I.B.A.). The anomalies th th were created in 7 and 8 Bipartite settlements that too after bi-partite negotiations between UFBU and I.B.A. In April, 2010 second option for pension to those who did not opt earlier was settled also after negotiations between UFBU and IBA. The second option for pension which was otherwise an impossible task few years back, achieved after hard bargaining by UFBU with I.B.A. There is no point in denying that second option for pension would not have been possible by any other means. Without bringing powerful pressure on the Central Government by UFBU updation of pension is not possible in the present situation. Category

Whether we like it or not, the ground reality is that in the present situation, we have no option but to depend open UFBU for achieving updation of pension in public sector banks along with ongoing wage revisions for service employees. (f) On our continuous persuasion, UFBU has taken up seriously on the its Agenda improvement on pension, including updation of pension, For the last six months, we have seen the agitational programmes like dharma, demonstrations and one day total strike th on 5 August, 2011. On 14-12-2011 day long Dlarana was staged by UFBU before parliament and a detailed memorandum was submitted Mr. D. K. Mittal, Secretary, Department as Financial service, Ministry of Finance, Government of India. In the said memorandum, there are 12 demands focused including the demand on pension such as periodical updation of pension along with wage revision, 100% neutralization of D.A., improvement in pension, commutation, family pension etc. UFBU sought the intervention of the Government on issues and to advice expeditious action by IBA in this regard. Under the present circumstances UFBU is the only option before us to settle the issue of updation of pension. Govt. Guidelines on Staff Welfare Funds The Government of India has sent the following guidelines in respect of Funds allocation for Staff Welfare Funds on 24-02-12. The matter of revising norms for the Staff Welfare Fund in Public Sector Banks has been examined in this Department in light of the recommendations made by the Khandelwal Committee. It has been accordingly decided to raise the maximum ceiling for Staff Welfare Fund as under subject to cap of 3% of net profit: Maximum ceiling per year Rs. 100 crores Rs. 25 crores Rs. 20 crores Rs. 15 crores

State Bank of India PSBs with business mix of over Rs. 300,OOO crores and employee strength above 30,000 PSBs with business mix of over 150,000 crores to Rs. 300,000 crores and employee strength of 20,000 to 30,000 Other PSBs

(For the purpose of calculation the average of business figures for the previous two years may be reckoned) 2. It is further stipulated, that: (i) No cash payments shall be made to employees except for medical and educational purposes. (ii) Banks may consider the option of Group Insurance Policies for both serving and retired employees instead of direct payment of benefit from the Fund. 3. Each year the Banks may devise a Scheme for apportionment of funds with the prior approval of their Board of Directors, as per specific needs of the Bank. Our Bank Indian Overseas Bank might come under Category 3 and will get Staff Welfare Fund allocation of Rs. 20 crores.

Federation News
Third Triennial Conference of AIBRF The third Triennial Conference was held in Kolkata on the 1st, Second and third of March 2012. The conference was historic with attendance of around 1500 retirees thronging University Institute hall, the venue of inaugural session and about 500 Delegates/observers participating in the delegates session on 2nd and 3rd March.participation of about 45 delegates in the deliberations on the GS report speak volumes of the growing confidence and involvement of bank retirees in AIBRF. Open Session on 01-03-12 Introductory speech by the General Secretary: The General Secretary, Shri S.C. Jain in his opening remarks highlighted the rich legacy of AIBRF of 18 years and thepending demands of the retirees Shri Sukomal Basu, Ex-CMD, Bank of Maharashtra, Chairman Reception Committee welcomed the gathering Inaugural Address by Honourable Guest Dr. E. M. Sudarsan Nachiapan, M.P. and Ex-Chairman of the Parliamentary Committee: On this occasion he acknowledged services and significant contribution made by the retirees in the post nationalization era in highly difficult situation and because of this, India is today a leading economy in the world. He appealed that the different associations of retirees should come together to negotiate with government. Further he called IBA and the Finance Ministry to discuss the issues with the representatives of the bank retirees. He assured the house that he would see that their issues are raised in the parliament .Old age should not remain a burden. Bankers experience should be utilized for the economic growth. Key Note Address by Chief Guest Com. C.H. Venkatachalam, Convener UFBU: He observed that the AIBRF has become a very strong organization of retirees now. He spoke at length on the main demands of Retirees that are to be immediately conceded by Govt and IBA i.e., 100% D.A. neutralisation,,Pension updation, quarterly D.A. revision for retirees, upward revision of Ex-gratia given to Pre 1986 retirees, LFC, Medical Aid. He said that and it will be dealt in 10th bipartite settlement. Our job will not end by increasing the membership only, but to put our demands to the Govt. effectively. He expressed his optimism that the Conference will make AIBRF stronger. He assured support of AIBEA and UFBU for achieving Retirees' demand. The IBA must recognize the retirees' organization and have the periodical meetings with the representatives of the retiree's organization; it will be demand in the coming bipartite negotiations Other Speakers: On this occasion, other speakers who extended greetings and spoke were Shri Rajan Nagar, President AIBEA, Shri Pradeep Biswas, General Secretary, BEFI who assured full support for retirees' demands. The function ended with Vote of Thanks by Shri Debesh Bhattacharya, Secretary, Reception Committee. Business Session at Uttam Manch (On 2nd & 3rd March, 2012) Business Session was presided over by the Chairman Shri T. M. Mathews The Business Session was attended by about 500 Delegates and observers The General Secretary presented his report covering period of 2009 to 2011 and thereafter placed before the house for discussion and deliberations. About 45 speakers presented their views and comments on the General Secretary Report. While they appreciated the report and found it comprehensive covering all issues of retirees. They made several suggestions on it to make the retiree movement more strong and draw effective strategy for future. Some of the suggestions were like to intensify our agitational program, better liaisoning with UFBU Constituents, to reorganise state bodies, strengthening district committees, to take up issues of private bank, foreign bank pension etc. The General Secretary gave detailed reply and thereafter the General Secretary Report was adopted unanimously The house discussed and deliberated 24 resolutions on important subjects such as Pension updation, Uniform Dearness relief to all bank retirees, enhancement of ex-gratia to pre 1986 retirees and their surviving spouses, separate welfare fund for retirees, Hospitalisation scheme to retirees and their spouses, addition to qualifying service for specialist officers vide Regulation 26, Applicability of Pension settlement to private sector banks, Recognition of AIBRF by IBA/Govt of India and passed them unanimously with the direction to the General Secretary to take appropriate action and follow up wherever required

The following Office-bearers were elected for the ensuing term: 1) Chairman : Sri. S.R. Kulkarni (CBI) 2) President : Sri. S.M. Deshpande (CBI) 3) Vice-Presidents i. Sri. J.B. Dave(CBI) ii. Sri. D.A. Masdekar(UBI) iii. Dr. B. Ramji (IOB) iv. Sri. F. Martis (BOI) v. Sri. N.K. Jha (UCO) vi. Sri. Gopinathan Nair (Vijaya Bank) vii. Sri. N.V.G. Nair (CBI) viii. Sri. P.S.L.M. Hargopal (PNB) ix. Sri. V. Easwaran (BOI) 4) General Secretary: Sri. S.C. Jain (BOI) 5) Deputy General Secretary: Sri. R.S. Desai (PNB) Sri. D.P. Gupta (CBI) Sri. S.V. Srinivasan (Canara) Sri. Debesh Bhattacharya (UBI) 6) Organising Secretary i. Sri. P.P.Karandikar(BOM) ii. Sri. Kalyan Sengupta(BOB) iii. Sri. V.K.M.Varma(Canara) iv. Sri. M.N.Pandit(BOI) v. Sri. B.G.Raithatha(UBI) vi. Sri. C.N.Prasad(SBM) vii. Sri. Kishor Gujrati(Dena) viii. Sri. C. Goopinathan Nair(SBT) ix. Sri. Sunil Srivastava(CBI) x. Sri. Dilip Ghosh(All.Bank) xi. Sri. S.Velayoudam (IB) xii. Sri. A.K.Bansal(Canara) xiii. Sri. Anindya Kr Bose(UCO) xiv. Sri. AL.Chandra mouli(IOB) 7) Treasurer : Sri. M.S. Chourey(UBI) An opinion poll conducted among the delegates and observers on 2nd and third revealed that 98% of respondent preferred all cader nature for our organization and an equal number desire that the organization be an independent one without any affiliation with any central trade union. Similarly an overwhelming number of respondents prefer negotiated settlement with IBA/Govt for securing the demands and solving problems of retirees. This is an indication of the growing perception of retirees that AIBRF is strong enough to achieve this. One of the salient facts highlighted in the General Secretary's report is the phenomenal growth of AIBRF witnessed during this period from a membership no of 19000 in Dec 2008 to about 52,000 in December 2011. The conference has proved that the retirees' movement has grown stronger in these years and AIBRF is the sole organization of Bank Retirees.

IOBRA in the conference;

IOBRA sent 25 delegates for this triennial Conference: The Delegates are:1. Sri AL. Chandramouli 2. B. Ramji 3. M. Pethachie 4. R. Venkatesan 5. N. Vijayaraghavan 6. C. Soundararajan 7. J. Balasubramanian 8. K. Sadasivam 9. S. Jagannathan (Coimbatore) 10 R.Bhaskaran (Erode) 11.AR.Solaiyappan 12. P. Arunachalam (Tuticorin) 13 A. Kandasami (Tirunelveli) 14. V. Chellapandian (Madurai) 15. G. Balachandran (Trichy) 16. KM. Ramanathan 17. J.N.Nagaraj (Bangalore) 18. K.C. Jacob (Kottayam) 19. G.C. Basu (Kolkata) 20. D. Bhaumik(Kolkata) 21. Robin Ganguly (Kolkata) 22. Gadhadhar Gangopadhyaya (Kolkata) 23. S. Ramaswamy (Coimbatore) 24. N. Balasundaram (Tirunelveli) 25. B. Srinivasa Murthy (Vijayawada) Our Kolkata comrades played active role in the Reception Committee. We are happy that the contribution of IOBRA has been recognized by AIBRF and our President Sri.AL.Chandra mouli has been elected as Organising Secretary and Our General secretary Dr.B.Ramji has been reelected as Vice-President for the ensuing term. We are also entitled to nominate 5 members to the Central Committee. We will be nominating our representatives in due course. We are elated and it gives us utmost satisfaction that the General Secretary's report contains the following reference to our organization 11.4 Our very special thanks are due to to Dr. Sudarshan Nachhiapan who took initiatives in arranging parliamentary meeting to discuss retireedemands and for his continuous support in resolving our issues. Further we convey our thanks to comrades of IOB Retirees' Association especially to comrade AL. Chandramouli (President)and comrade B. Ramji (General Secretary) who did continuous follow up for organizing parliamentary committee meeting. We are thrilled that the Chief Guest of the Conference, by Dr. E.M. Sudarsana Nachiappan M.P. in his inaugural address paid rich compliments to IOBRA as well as its office bearers Sri AL. Chandramouli, Sri. M. Pethachie and Dr. B. Ramji for making sustained efforts to present the bank retirees' grievances before the appropriate authorities, IBA and Banking Dept, through the forum of the Parliamentary Committee. We are determined to continue our efforts more vigorously in the coming days also.

Meeting of AIBRF: AIBRF Central Committee meeting was held in th th Mangalore on 17 and 18 September 2011 and AIBRF office-bearers meeting was held in Indore th on 29 January 2012. Tamilnadu Bank Retirees' Federation inaugurated. 11-11-11 was a memorable day for Bank retirees of Tamil Nadu. It was the day when Tamilnadu Bank was inaugurated .The Retirees' Federation Delegates session was attended by over 296 delegates from all over Tamilnadu and presided over by Sri.A.K.Narasimhulu and inaugurated by Com.T.M.Mathew, Chairman of AIBRF. The Keynote address was delivered by Com.C.H.Venkatachalam, Convenor, UFBU. The other prominent participants were Sri.S.R.Kulkarni, President AIBRF and Sri.S.C.Jain, General Secretary AIBRF. The General Secretary's report which was comprehensive and a wonderful document detailing the role of Tamilnadu unit of AIBRF in the historic developments in the Bank Retirees' movement, was adopted. 31 resolutions were passed and a dynamic team of office-bearers for the triennial period of 2011-14 was elected The following IOBRA representatives have been elected: Sri. AL. C h a n d r a m o u l i C h a i r m a n , D r. B . Ra m j i -V i c e President, Sri.S.Jagannathan (Coimbatore)-Deputy General Secretary and Sri. N. Vijayaraghavan Asst Treasurer. We have also nominated Sri. J. Balasubramaniam, Sri. G.Ba lachandran (Trichy) and Sri.C.Soundararajan as Committee members. We are glad that the Secretary's report contains an appreciative reference to our organization and our President and General Secretary for the role played by us in arranging and arguing the case of retirees before the Parliamentary Committee:We also would like to place on record our deep sense of appreciation and thanks to our affiliate IOB Retirees' Association for the enormous efforts taken to represent our grievances to the

Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice and our appreciation to the principal office bearers of IOBRA Sri AL. Chandramouli, the President and Dr.B.Ramji, General Secretary for effectively presenting our case before the Parliamentary Committee. The general Council adopted 31 resolutions The open session that followed in the evening was also well attended. Sri. A.K. Narasimhulu presided. Dr. E.M. Sudarsana Nachiappan M.P. Inaugurated. Dr. Cherian Varghese and Com. C.H. Venkatachalam, Com. T.M. Mathew, Com. S.C. Jain. Com. S.R. Kulkarni, Com. PPS. Murthy AISBPF and other state level leaders of Constituent unions of UFBU participated. A detailed Circular issued by TNBRF is sent separately to our members in Tamilnadu. The response and participation of members in the conference was overwhelming and make us confident of better future. All Kerala Bank Retirees' Federation Conference All Kerala Bank Retirees' Federafion, the Kerala Stete Unit of All India Bank Retirees' Federaton, conducted its 7th conference in Palakkad on 7th February 12 at Palakkad. Sri. S.C. Jain, General Secretary AIBRF inaugurated the conference. Sri. T.M. Mathews, Chairman AIBRF was the chief guest. The open session was preceded by an impressive procession of Bank retirees , which vended its way thru the main thorough fares of Palakkad.

Divide to rule: AIBOC Floats a Pensioners' Confederation The All India Bank Officers' Confederation (AIBOC) has floated a Pensioners' Confederation under the name All India Bank Pensioners and Retirees Confederation (AIBPARC) in Nagpur on 17-03-12. Members are requested to go through our Editorial The Course of a Movement appearing in the issue dated August 2011 of The Veteran

IOBRA Delegates Felicitated:

All the 25 Delegates attending the triennial Conference in Kolkata were felicitated by IOB Employees Union (W.B.) on 3-03-12. Speaking on the occasion Dr. B. Ramji our General Secretary and Sri. AL. Chandramouli our President, paid rich tributes to Late Com. B.B. Ghosh former President of the Union who founded our IOBRA along with Com. P. Balagopala Menon and Com. V.S.T. Kumaraswami and Sri. A. Namasivayam. Com. Asok Ganguly, Former President of the Union Chaired the meeting.

Association News
Matters taken up with the bank
1. Request for complete medical Check up for all retirees and spouse ( Our Letter dt 08-12-2011) We are glad that you are taking steps to celebrate the Platinum Jubilee of the bank in a grand manner. Your participating in the Platinum jubilee celebrations organized by our associations on 10-08-11 and address to the retirees will be cherished for long. We would like to recall the appeal made by us on behalf of the retirees to treat retirees as part of the staff members while extending any facility or giving any memento on the eve of Platinum Jubilee of the bank. We would like to make a special request to you at this juncture. The number of IOB retirees has touched 10000 and a large number of them are in the age bracket of 70+. We will be highly obliged if the bank can provide complete medical check up for all the retirees and their spouse on this occasion. This can be provided in all the centres where our Regional offices are located by entering into local arrangements with reputed hospitals/ Scan centres in those centres. We request that this may be done during December/January. This will help identify health problems of the retirees and treat them in time. We suggest that the check up includes complete blood profile, general screening of heart, lungs, liver, Gall bladder, kidneys, spleen, pancreas, urinary bladder, uterus and ovaries. We are aware of your affection and concern for the persons who have built up this great institution and are confident that you will accede to our request positively. 2. Platinum Jubilee Gift (Our Letter dt. 10-02-12 addressed to CMD) We welcome your announcement today setting apart Rs. 25 crores towards cost of Platinum Jubilee gift to be given to the staff members. We congratulate you for the same. In this connection we would like to place before you the following requests for your favourable consideration. 1) As the retirees have put in around 35 years of service, we request you to present them the same gift item that is presented to the serving staff members who have put in 30 years of service. 2) We have requested you vide our letter dated 8-12-11 ( a copy of letter attached ) to provide total medical Check up for all retirees and their spouse on this occasion. We will be highly obliged if it is agreed to by the bank. We had requested for improving coverage of IOBREMAS, by allowing VRS 2001 retirees on their attaining 60 years of age to join the scheme and permitting eligible members who have not joined the scheme within the time limit of three months after retirement. Platinum Jubilee gift Our bank set apart a sum of Rs. 25 crores as cost of Platinum Jubilee gifts to be distributed to members of Staff. We are glad that the pensioners will be given a gift of a silver Coin (worth Rs. 1,000/-). We thank the authorities for this gesture. 3. Grievances raised by IOBRA before the Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice (Our Letter dt 20-02-2012 addressed to the CMD) Grievance No2 raised in the letter relates to the correction of pension aberration and restoration of 50%of last drawn pay as Basic pension to post 01-4-98 and future retirees. The issue in brief is as follows: In the VII Bipartite settlement, a new definition of Pay for the purpose of Pension was introduced, in contravention of Regulation 35(2).This resulted in reducing the Basic Pension payable to the pensioners from 50% of basic pay to 41% of Basic Pay. This illegality was sought to be rectified in the VIII Bipartite settlement which restored and re fixed Basic pension of retirees at 50% of the actual average emoluments drawn by the retirees. The correction of pension aberration and restoration of 50%of last drawn pay as Basic pension to post 01-4-98and future retirees has been given prospective effect from 1-5-05. As it is only a correction of an earlier mistake, we had demanded that this has to be given effect from the date of retirement of the pensioner concerned and the difference in commutation value of pension also has to be paid to them. The denial of payment of arrears of pension as well as commutation difference inflicted huge monetary loss to the retirees. Therefore we raised this as a grievance before the Parliamentary Committee. Ultimately, our letter was taken as public grievance, a meeting of the Parliamentary Committee took place in New Delhi on 28th January 2009 and all the Grievances were discussed. We called on IBA on 5th March 09 to follow up the matters discussed in the Parliamentary Committee. In the matter of Anomaly in respect our demand for giving retrospective effect to restoration of 50%of last drawn pay as Basic pension to retirees who retired between 01-4-98 and 2002, IBA told that they will wait for the verdict in a couple of court cases which is likely to happen very shortly. They assured us that if the verdict is in favour of the retirees, it will be implemented immediately. We are glad to inform you that the matter has now been decided in High Court of Karnataka. High Court of Karnataka, in its order dated 21st April 2011 on Writ Petition47033/2001 between Sri. B.N. Hegde, Sri. A.S. Vijayakumar, Sri. N. Swaminathan and Sri. N. Govinda Rao Vs Indian Overseas Bank has ordered that the petitioners are entitled to payment of pension calculated on the basis of actual pay, fixed, personal pay, special pay and other allowances and emoluments drawn by them during the last 10 months of their service in the bank as provided under Regulations35 and38 of the Pension Regulations together with Dearness Allowance thereon and the respondent ( Indian Overseas Bank ) shall pay the differential amount of pension and the commutation value of pension to the petitioners on that basis, within a period of eight weeks, if not earlier and in the event of failure to make the payment as above, the bank shall be liable to pay interest at the rate of 10% on the

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said amounts till the date of payment. The above order also extends the benefit of increase in qualifying service by a period not exceeding five years in terms of Regulation 29(5) of pension Regulations to the petitioners who retired under VRS2000 scheme. These orders vindicate the stand taken by us on this matter that the denial of the benefit retrospectively from the date of retirement is illegal. As far as this matter is concerned, the members have been fighting this case for the last 11 years and the benefit to be passed on to them is marginal and in the nature of one time payment. Therefore, we request you not to drag on this matter any further by resorting to further legal action and to implement this order of High Court of Karnataka in the case of all similarly placed retirees of Indian Overseas Bank also immediately. 4. (Our follow up Letter dt 16-03-2012 addressed to the CMD ) We are informed that the Division Bench of Karnataka High Court comprising Hon'ble Sri. Vikramjit Singh,Chief Justice and Hon'ble Mrs. Justice. B.V. Nagarathnamma has dismissed the writ appeal 4269/2011 filed by State Bank of Mysore and other banks on the above judgment by its order dated 8th March 2012. The Hon'ble judges have commented that the extremely scarce time of the Court as well as the Bank's resources have been avoidably and unnecessarily expended on an excercise of futility. Therefore, we request you to implement this order of High Court of Karnataka in the case of all similarly placed retirees of Indian Overseas Bank and pay differential amount of pension and the commutation value of pension also immediately. 5. Welfare Fund for Retirees ( ) We invite your reference to the Government Guidelines F.No.14/7/92-IR (Vol.II) dated 24.2.2012, revising the ceiling on allocation of 3% of profits of Banks for Staff welfare funds. The Public sector banks have been classified into three categories for this purpose in the above Guidelines. We observe that our bank comes under the second category i.e PSBs with business mix of over 150,000 crores to Rs. 300,000 crores and employee strength of 20,000 to 30,000 and the cap on the 3% allocation has been increased from the present level of 15 crores to 20 crores. In this connection, we would like to bring to your esteemed attention an assurance/undertaking given by your esteemed predecessor Sri. S.A. Bhat before the Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice, on 28-01-09. Meeting of the Parliamentary Committee During the course of the meeting of the Parliamentary Committee, IOBRA had represented that the staff welfare fund allotted by the banks should be proportionately made available to the retirees and the utilization of the amount should be determined by the bank in consultation with the retirees' organization. In this connection, a reference was made to the Central Government's suggestion contained in letter No. F. No 12/6/32/2006-IR dated 7th February 2007 written by the Under Secretary to the Government of India, Banking Division, Department of Economic affairs, Ministry of Finance, to the Chief executives of all Public Sector Banks, to consider, with the consent of their boards, allocation of some funds for welfare of retired officers/Employees and

Indian Banks' Association circular No.CIR/FD/76/674/2006-07/1330 dated February 28, 2007 communicating same. IOBRA submitted that this has not been implemented by banks and requested for making the suggestion as a directive and making the allotment mandatory. Sri. S.A. Bhat, Chairman and Managing Director, Indian Overseas Bank, in his speech supported this demand. For a query as to why no allocation has been made for retirees, Mr. Bhat expressed his helplessness. He suggested that the cap of 15 Crores be revised upwards. He also assured the committee that he will allocate the entire additional allocation exclusively for the retirees. As this assurance was made to the Parliamentary Committee, it amounts to a commitment to the Parliament. In the light of the above, We request you to honour the Commitment made by your esteemed predecessor to the Parliamentary Committee and allocate the additional allocation of Rs. 5.00 Crores exclusively for Retirees. We will separately forward our scheme for utilization of this amount 6. Our letter addressed to G M dated 27-02-12 Pension Statement During this part of the year, Pension Cell generates statement of Pension disbursed to IOB Pensioners from April- March and sends them to branches for distribution amongst them to be utilized for filing IT returns. In reality these statements do not reach the pensioners as branches dump them in a corner at the branch premises and the retirees are not informed about the availability of the statements. Therefore, we request you to generate the statement at CO Pension cell and post it direct to the Pensioners at their residential address at the earliest. EVENTS: IOBRA Celebrates Platinum Jubilee of the Bank We organized the Platinum Jubilee celebrations of the Bank in Chennai on 10th August 2011. Sri. T.R. Venkataraman Chairman of our Chennai 4 Regional Council welcomed the gathering. Sri. AL. Chandramouli, President IOBRA presided. In his Presidential address, he recounted the efforts taken by the IOBRA under the auspices of All India Bank Retirees Federation and the UFBU for negotiating with the Government, putting forward to the Parliamentary Committee the plight of PF Optees and finally securing of Second Option for pension for the retirees. Speaking on the occasion, the Chief Guest, Shri. M. Narendra, our Chairman and Managing Director, lauded the role played by retired executives as well as all retirees in building up the bank on sound footing. He said that he was very much impressed with the presence of retired executives in such large numbers and expressed his desire to fully exploit the expertise and talent of the retirees in general and retired executives in particular, as part of his plans to take the bank to the top of the table of Indian banks. The Chairman had no reservations while complimenting the Association on some of its innovative activities such as The Payback scheme, Deposit

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mobilisation campaign The veteran

and

the

house

magazine

Palakkad Regional Council: Meeting held on 23-10-11 The quarterly meeting of I O B R A-Palakkad unit was held on Sunday, the 23rd October 2011, Mr. Sreekumar, Committee member welcomed the gathering. Mr. P V Parameswaran, Retd A G M, presided over the meeting After the Presidential address, Mr. C Ramachandra Varrier, Committee Member addressed the Members. Then Mr. G Chandran, spoke elaborately on all the topics and the grievances of the Pensioners in general and that of I O B-Pensioners in particular. With the vote of thanks the meeting came to an end. Meeting held on 19-02-12 The quarterly meeting of our Palakkad Regional Council was conducted on 19th Feb 2012. Sri. P V Parameswaran Presided over the meeting. Sri C Sreekumar, Committee Member welcomed the gathering. Sri C Ramachandra Warrier and Sri. G. Chandran, Convenor addressed and expressed their anguish on the delay in, Paying 100% Nuetralization of D A, Payment of arrears to Retirees who have retierd after 1-4-1998 to 304-2005, whose Basic Pension was reduced to 41% Increase in Medical Assistance and inclusion of all Members including V R S Retirees and by giving another chance to normal retirees who have not opted for REMAS earlier. Mr. S Jagannathan Regional Secretary, IOBRA, Coimbatore addressed the gathering and explained in detail on all the issues concerning the retirees. Sri. G Chandran, Convenor proposed vote of thanks. Kozhikode Regional Council: Our Kozhikode Regional Council organized a meeting of our Kozhikode based members on 17-02-12 at Kozhikode. The meeting was presided over by Sri. E.V. Sasidharan, who highlighted the need for active participation of all our retirees in the conduct of our regional council. Our Regional Secretary Sri. K.P. Prabhakaran, welcomed the gathering and briefed the members about the various developments on matters pertaining to retirees both at the industry level and also within the bank. Mr.Ravindran, Vice President of Pensioners Association of Kerala and Mr. Shanmugam Chairman of Pensioners Association of Kozhikode, and Mr. Prabhakaran, District Secretary AIBEA also addressed the gathering. Sri. K. Rajendran, President of Our Kozhikode Regional Council proposed vote of thanks. The meeting passed resolutions 1. Congratulating Our CMD, Sri. M. Narendra for organizing Grand functions to mark the Platinum Jubilee of our bank. And announcing Platinum jubilee memorial Gifts to the members 2. Demanding a representation for retirees in the Banks Board of Directors 3. A separate welfare fund for retirees. The meeting constituted Kozhikode District Committee of IOBRA with the following members; Mr. E.V. Sasidharan, Mr. K. Prabhakaran, Mr. V. Janardhanan and Mr. Sathyaraj. Coimbatore Regional Council A meeting of our Coimbatore Regional Council was held on 07-01-12.Our President Sri. AL. Chandramouli, our General Secretary Dr. B. Ramji and Sri. N. Vijayaraghavan Regional Secretary Chennai Region 2 participated.

Sri. A. Vellayan, Chairman Murugappa Group and Director IOB participated and lauded the vision of our founders and the efforts put in by the present management of the bank under the leadership of our Chairman Mr. Narendra in its march to the top position in the comity of Banks. As a part of the celebrations the services rendered by our retired executives, all retirees as well as All India Overseas Bank Employees Union ad IOB Officers Association in building up the bank was remembered. Twenty retired General Managers present in the meeting and Sri. L Balasubramanian, President AIOBEU and general Secretary NUBE were honoured. Accepting the felicitation, Mr. Balasubramanian appreciated the activities of IOBRA in serving the retirees. He recalled the glorious history of IOBRA and said that he would joining the IOBRA very soon in 2012 on his retirement. He praised the efforts of CMD in taking us to the Fast Forward mode and told the gathering that AIOBEUs Auditorium is always available free for IOBRA. A Donation Cheque for Rs. 25,000/- was presented to Mr. A.R. Palanisamy, Secretary SEED, running an orphanage as part of the Payback scheme of IOBRA. Sri. J. Balasubramanian, Chairman of our Chennai 6 Regional Council narrated the details of our Pay Back scheme and Sri. KM. Narayanan retired General Manager presented the Cheque. The following honoured 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. retired General Managers were

Sri. Agrawal R.K. Sri. Alagappan AL Sri. Balagangadharan V.O. Sri. Balasubramanian .J Sri. Chandramouli AL Sri. Chidambaram M.R. Sri. Gopinath G. Sri. Narayanan K M. Sri. Natarajan N.R. Sri. Raghavan T S. Sri. Rajagopal K. Sri. Ramamurthy P. D. Sri. Sambu P. A. Sri. Subbiah A. Sri. Venkataraman T. R. Sri. N. Krishnan Sri. Sundara Rajan Sri. C. Badri Sri. K. Srinivasan Sri. B.B. Patnaik

Sri. Dr. B. Ramji, General Secretary IOBRA proposed Vote of Thanks IOBRA celebrations of Banks Platinum Jubilee has been covered in the current issue of Banks Journal The I O B ian

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Members were briefed about the deliberations in the Foundation conference of TNBRF and the follow up meeting between AIBRF office bearers (including our General Secretary Dr. B. Ramji) and Dr. Sudarsana Nachiappan M.P. at Delhi on 20-12-11, by our President. The following members who had crossed 70 years of age, were felicitated:-1) Sri. R. Srinivasa Rao 2) Sri. K. Rajamani 3) Sri. P.M.S. Pillai 4) Sri. R. Ramani 5) Sri. G. Chandrayudham 6) Sri. P. Bhaskaran Our General Secretary gave a detailed account of developments relating to our issues taken up with our management. Sri. S. Jagannathan, Regional Secretary proposed vote of thanks. Sri. Thirunavukkarasu, organizing secretary TNBRF greeted our members Next day, on our way to Erode, our office bearers called on our ailing member, Sri.B.Mahesh Kumar at his residence in Gobi Chetti Palayam. We felicitated him as he had already crossed 70 years of age Erode Regional Council The first meeting of our Erode Regional Council was held at the residence of Regional Council member Sri. R. Bhaskaran in the norning of 08-01-12 Our President Sri. AL. Chandramouli, our General Secretary Dr. B. Ramji, Sri. N. Vijayaraghavan Regional Secretary Chennai Region 2 and Sri. S. Jagannathan, Regional Secretary IOBRA participated. Sri. R. Bhaskaran Regional Council member welcomed the gathering. Our President and General Secretary appraised the members of the latest developments on issues pertaining to retirees both at the bank as well as the industry level. Our members Sri. M. Radhakrishnan and Sri. K. Ponnusamy who had crossed 70 years were felicitated. Salem Regional Council Salem Regional Council meeting was held in the evening of 08-01-12. The Chairman of Salem Regional Council Sri. T.R. Nagaswami, presided over the meeting and detailed the proceedings of the foundation conference of TNBRF. Sri. N. Vijayaraghavan Regional Secretary Chennai Region 2 appealed to the members to ensure enrolling all retirees as our members. Sri. S. Jagannathan, Regional Secretary Coimbatore addressed the members on the latest achievements of our Association such as Festival Loan and setting up of Grievance cell. Sri. AL. Chandramouli, our President gave an account of the various demands submitted by our Federation to IBA as well as the Government. Our General Secretary Dr. B. Ramji listed out the immediate tasks before the retirees and what all need to be done to achieve them. Sri. B.G. Ramamurthy, Regional Secretary proposed vote of thanks. Bangalore Regional Council Our Bangalore Regional Council organized two meetings in December 2011 Mysore meeting held on 10-12-11 An extremely well attended meeting was organized in Mysore on 10-12-11. Our President Sri. AL. Chandramouli, our General Secretary Dr. B. Ramji and Regional Secretary Sri. J.N. Nagaraj participated in the meeting.Our President spoke about the recent achievements of our Association in getting Festival loan sanctioned and the latest position on other issues. Sri. J.N. Nagaraj spoke about the need to strengthen our Associaetion. Our General Secretary Dr. B. Ramji spoke at length about the challenges faced by retirees and the latest developments in respect of our various demands

We honoured Sri. Seshagiri, Sri. C. Doddaiah, Sri. Kanak Singh and Sri. Venkataramana, who have completed 70 years of age. All arrangements for the meeting was meticulously made by Sri. Venkata Bhattachar Bangalore meeting held on 11-12-11 A meeting of our Bangalore city members was organized on 11-12-11 at our Bangalore city branch.Our President Sri. AL. Chandramouli, our General Secretary Dr. B. Ramji and Regional Secretary Sri. J.N. Nagaraj participated in the meetings. The Bangalore City branch Manager, Dr. Mohanti greeted the members. Sri. J.N. Nagaraj, appealed to all the members present to ensure that all the retirees are enrolled as members of IOBRA. Sri. AL. Chandramouli President spoke about the developments in our matters that have taken place in our bank. Dr. B. Ramji, our General Secretary spoke on the latest position about our demands pending at IBA/Govt level. We honoured Sri. N. Parthasarathy,on his completion of70 years of age Madurai Regional Council The second Regional Council Meeting of Madurai Regional council was held on 17th December, 2011. This meeting was organized as a follow-up meeting of the Tamilnadu Bank Retirees Federation Foundation conference held on 11th November 2011 at Chennai. Mr. N. Narayanan, Council member welcomed the Retirees and explained the need and also purpose of the meeting. Mr. R. Venkateswaran, spoke at length about the deliberations at the Tamil Nadu Bank Retirees Federation Foundation Conference held at Chennai on 11th November 2011.He explained the 31 resolutions passed at the Federation Conference He said that our Central Organization, viz. IOBRAis taking all out efforts for early implementation of these important resolutions. He explained that pension updation, medical aid to retirees, uniform dearness relief to all retirees, is being followed up vigorously so that there is immediate monetary benefit to our retirees. He said that Grievances Redressal Cell has been established at our Bank and is headed by a Chief Officer. Mr. M. Muthu, Regioal Secretary spoke at length, about the deliberations at the Federation Conference at Chennai and Mr. E.M. Sudarsana Nachippans support for the cause of the retirees. He explained in brief, what Mr. E.M. Sudarsana Nachippan said at the Conference. a) Services rendered by retirees in building up the Banking Industry) Retirees problem should also be considered as a part of the Banking Industry c) Need for special care for retirees d) A positive approach towards the retirees problem d) Retirees fund of knowledge, expertise and experience should be properly utilized. And various other points. Mr. R. Venkateswaran, Mr. M. Muthu, Mr. N. Narayanan, and Mr. S. Pirmanyagam. Mr. N. Panchatcharam, Mr. V. Chellapandian, answered the questions raised by the retirees. All of them appealed to the retirees to bring all our retired friends, for the meeting when ever there is call from the council to attend. Mr. Piramanayam, our council member proposed the vote of thanks.

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Karaikudi Regional Council A well attended preliminary meeting of our Karaikudi Regional Council was held on 29-01-12 at Karaikudi. Our President Sri. AL. Chandramouli and our General Secretary Dr. B. Ramji participated. Sri. T. Lakshmanan had made excellent arrangements and was made the convenor for the proposed Karaikudi Regional Council. Our President Sri. AL. Chandramouli spoke on the deliberations in the TNBRF Foundation Conference and appealed to all the members present to ensure that all the retirees are enrolled as members of IOBRA. Dr. B. Ramji, our General Secretary spoke at length about the challenges faced by retirees and the latest developments in respect of our various demands Kolkata Regional Council Meeting on 29-10-11: The 1st quarterly meeting of the year was held on 29th October 2011 which coincides with Subho Bijaya and Deepavali get together. The Regional Council Chairman Mr. G.C. Basu presided over the meeting. The well attended meeting was begun with Welcome address by Mr. S.P. Mukherjee specially welcoming Mr. Gulab Singh Rana the new chief Regional Manager Metro 1. Mr. Rana assured his help to sort out Retirees local problems. He paid rich tributes to theexcellent functioning of our Regional Council. He sought the active contribution of retirees in the banks growth. However the major parts of the meeting was confined towards AIBOC attempt to destabilised retirees unity in the banking industry. Number of our members took part in the deliberation and the following Resolutions adopted unanimously:1) Resolved that in case of any merger with Rival organisation , the name of organisation continue to as IOB Retirees Asssociation. 2) Resolved that organisation will continue to be affiliated with AIBRF the all cadre Federation of Retirees as well as majority of retirees are part of the organisation. 3) Resolved that house condemn their attempts of AIBOC to destabilise the unity of all cadre retirees movement. Meeting on 18.02.12 : 2nd Quarterly meeting of the Kolkata Regional Council was held on 18th February. The meeting was presided over by Council Chairman Mr. G.C.Basu. The purpose of the meeting was to enlighten the members about 3rd Triennial Conference of AIBRF under management of Bengal Provincial Retired Bank Employees Association. Mr. Basu naratted the details of the conference including as a unit of BPRBEA our share of contribution to tune of Rs. 15000/- donation and another Rs. 15000/- as advertisement. Request has been made all the member to donate Rs. 100/- each. All present there agreed to the purpose. Annual Picnic:The Annual Picnic of Kolkata Regional Council was held on the Sunday 8th January, 2012 at a Garden House Baruipore. The picnic was well attended by members and their families.

UFBRO News Sri Nadaf Becomes Convenor UFBU Com. G.D. Nadaf, General Secretary, AIBOC, elected as the Convenor. of UFBU in its meeting held in Mangalore on 21st March 2012 UFBRO Meets A meeting of the co-ordination committee was held on 18th September, 2011 at Mangalore to take the review on the organizational matter in the present scenario. On the special invitation, Shri. P. S. Murthy, General Secretary, All India S.B.I. Pensioners Federation was present. On behalf of AIBRF, S/Shri. S. R. Kulkarni, S. C. Jain, T. M. Mathews, D. A. Masdekar, B. Ramji, D. P. Gupta, C. Gopinathan Nair and M. V. G. Nair were present. On behalf of R.B.O.N.C. S/Shri. K. Sukumaran, P. Sanjeeva Rao, R. D. Deshpande, Madigar and A. Shenoy were present. After making opening remarks by Shri. S. R. Kulkarni, Shri. S. C. Jain, General Secretary AIBRF briefed the members on the just included meeting of his Central Committee. Shri. K. Sukumaran, President - RBONC informed the members of the decisions taken in his Executive Committee Meeting held on 7th August, 2011. Thereafter, Shri. P. S. Murthy, General Secretary, All India S.B.I. Pensioners Federation spoke on solidarity of bank retirees including retirees / pensioners of SBI. He stressed on composite organization of bank retirees / pensioners without the banner of service unions. After a brief deliberations, it was decided to pursue the following action plans. 1. With ultimate objective of one association of retirees / pensioners in each bank, to start with it, a coordination committee of all associations be set up / organized wherever there are more than one association in bank which could take up common issues of retirees with the management. In order to organize this, co-ordinator be identified in such banks. 2. The Charter of Demands be finalized within next two months, which may be got signed by as many associations as possible and submit the same to I.B.A./ UFBU / Government of India / Banks. The efforts made by UFBRO in this direction be continued with more vigour. 3. The UFBRO which has been spreading the retiree movement for about a last decade, be strengthened further by enlisting the co-operation of like minded entities. Units of UFBRO be established in all state capitals / union territories / district head quarters. Continuous publicity to the activities of UFBRO be given. In view of the decisions referred above, constituents of UFBRO are requested to start immediately, to set up co-ordination committee by identifying a coordinator in such banks wherever there are more than one association of retirees / pensioners and see that entire process of one bank one association of retirees / pensioners is completed in a time bound period. Deposit Mobilisation : l Sri. T. Govindasamy, PPO No 5879 Canvassed a deposit of Rs. 2.00 lakhs to our Mannachanallur Branch. Member, Palakkad l Sri. P. Aravindakshan, Regional Council canvassed Deposits totaling to Rs. 8.50 lakhs for our Kanjikode Br.

14

l Sri. N. Vijayaraghavan, our Regional Secretary, Chennai Region 6 had canvassed Deposit of Rs. 45 lakhs to our Siruseri branch our General Secretary l Dr. B. Ramji, Canvassed deposits of Rs. 4.50 lakhs to our M.C.C. Campus, Chennai branch l Sri. P.A. Sreenivasan, Our member has canvassed FCNR Deposit of Rs. 40.17 lacs for our Santhome Branch.

our Regional Council l Sri. T. Surendran, member, Chennai Region-3 canvassed deposits of Rs. 4,50,000/- for our Nanganallur Branch. l Sri. S. Jagannathan, Our Regional Secretary Coimbatore Regional Council, Canvassed deposits of Rs. 3.95 lacs for our Coimbatore Brooke Fields

Bank News
Festival Loan Sanctioned: Our Bank has advised sanction of Festival Loan( interest bearing) to all IOB Pensioners. The amount of the Loan is equal to one months gross pension amount recoverable in ten equal monthly installments. The Circular bearing No ADV 86/2011-12 dated 21-10-11 captioned FESTIVAL LOAN FOR IOB PENSIONERS has been issued by Retail marketing Department Cheques, drafts validity only for 3 months from April Business Line / New Delhi / Mar 23: Come April 1 and cheques and bank drafts will be valid only for 3 months, a development that RBI thinks will help mitigate frauds related to such instruments. The Reserve Bank of India (RBI) has directed that with effect from April 1, 2012, banks should not make payments against cheques, drafts, pay orders or bankers cheques if they are presented after the period of three months from date of issue. It has been brought to its notice by the government that some persons were taking undue advantage of the six month validity of cheques, drafts, pay orders, bankers cheques by circulating them like cash for this period, RBI had said in a notification earlier. According to a senior banker, the three-month validity period is a good enough time period for instrument conciliation. RBI is satisfied that in public interest and in the interest of the banking policy, it is necessary to reduce the period within which cheques/drafts/pay orders/bankers cheques are presented for payment from six months to three months from the date of such instrument, it had said.

Top Management
Smt. Nupur Mitra, E.D. has joined Dena bank as Chairman and Managing Director. Sri Chavali reports as Executive Director Sri A.D.M. Chavali joined our bank as Executive Director on 28-12-11. He was General Manager of Bank of Baroda, before joining our bank. He has rich experience in Corporate Finance Banking for over three decades particularly in the areas of Treasury operations, Risk Management, Asset Management, Investments and Industrial Finance. Sri. S. Chandrasekaran General Manager joined UCO Bank as Executive Director Sri. M.S. Raghavan, General Manager joined Bank of India as Executive Director IOBRA wish them all success in their new ventures.

APRIL ENGAGEMENTS
Kozhikode Regional Council meets Meeting at Kannur. Sri. V.B. Shenoy Jt. Secretary AKBRF, Sri. A.C. Madhavan Dist.Secretary AKBRF, Sri. K.P. Prabhakaran Regional Secretary, Sri. Sasidharan Regional Council member participate. Venue: Hotel Royal Omar, behind Railway Station Kannur - 1, 08-042012, Sunday 08-04-2012 at 10.00 a.m Inauguration of Mumbai Regional Council Felicitation to Sri. S. Srinivasan General Secretary AIOBEU Sri. AL. Chandramouli President and Dr. B. Ramji General Secretary, Sri. Ashok B Pal Regional Secretary participate Venue : Vanmali Sabhagruha, near Dadar Station April 28th Saturday at 3.00 p.m Inauguration of Ahmedabad Regional Council Felicitation to Sri.S.Srinivasan General Secretary AIOBEU Sri. AL. Chandramouli President and Dr. B. Ramji General Secretary, Sri. Harin Vyas Chairman Regional Council participate Venue : Hotel Jay Jay Radhe, Near Radha Vallabh temple, Raipur Chakla,Kharia, near IOB Sarangpur Chakla branch, Ahmedabad - 1, April 29th Sunday at 10.00 a.m. Coimbatore Regional Council meets 21-04-12 Erode Regional Council meets 22-04-12 Salem Regional Council meets 22-04-12 Trichy Regional Council meets 13-05-12

15

Sathabhishekam/Shashtiabda Poorthi
Sri. P. Santhanam, (044-22533072), our member celebrated his Sashtiabdhapurthi in Chennai on 20-11-11 Sri. V.S. Seshan,Our Member celebrates his Sathabhishekam on 17 -03-12 at Chennai Sri. P. Chandran, Our Member, celebrates his Shashtiabdapoorthy at Thirukkadaiyur on 26-03-12

The Veteran and members of IOBRA greet the Members and offer their best wishes

Personal
Sri. L. Balasubramanian, President AIOBEU and General Secretary NUBE, celebrated the marriage of his daughter Selvi. Seetha @ Archana with Selvan Ganapathy at Pallathur on 30-01-2012 Sri. N.R. Ramakrishnan, (9790900191) our member Celebrated the marriage of his son Chi. N.R. Manoj Kumaar with Sow. T. Indumathi on 02-11-11 in Chennai Sri. R.K. Vasudevan, (9790859579) our member Celebrated the marriage of his son Chi. Avinash Vasudevan with Sow. Gayathri Venkatesan on 24-10-11 in Chennai Sri. Pranab Kumar Chakraborty, (9831315438) our member Celebrated the marriage of his son Chi. Ratul with Sow. Surela on 10-12-11 in Chennai Sri. Raj Narain, (9394508880, 9347514582) our member Celebrated the marriage of his son Chi. Rishu with Sow. Alka on 30-11-11 in Hyderabad Sri. PL. Chettiappan, our member Celebrated the marriage of his daughter Selvi Vellachi @ Shanti with Selvan. Srinivasan on 30-01-12 in Kandanur Sri. P.T. Venkatesha Murthy, our member Celebrated the marriage of his son Chi. Santhosh V.G with Sow. Ramya. D.S on 02-02-12 in Bangalore Sri. S. Viswanathan, (9394508880, 9347514582) our member Celebrated the marriage of his daughter Chi. Rishu with Sow. Alka on 12-02-12 in Chennai Sri. K. Lakshminarayanan, Retd DGM, Celebrated the marriage of his son Selvan. L. Karthikeyan with Selvi. V. Gowri Sankari on 15-09-11 at Chennai Sri. K. Maisaiah, Our Regional Secretary, Hyderabad, celebrated the marriage of his son Chi. Sidharth with Sow Shailaja on 04-03-12 at Hyderabad Sri. Ashok Kumar, our member celebrated the marriage of his son Chi. Amit Kumar Verman with Sow. Preeti Raj on 17-02-12 at Agra.

The Veteran and members of IOBRA greet the newly wed couples and wish them happy married life

OBITUARY
Sri. T.L. Rama Murthy, Retd A.G.M. expired on 4th September 2011 in Chennai Sri. S.R. Rangarajan, our member expired in Chennai on 10-09-11 Sri. M. Santhanakrishnan, our member passed away in Chennai on 10-09-11 Sri. L.S. Krishnan, our member passed away in Chennai on 04-11-11 Our member Sri S. Krishnamurthy, Retired General Manager, passed away in Chennai on 11-11-11 Mrs. Chinnammu Nair, our member died in Chennai Sri. V. Thirupalu Roll No 16977, our member died in Bangalore on 27-11-11. Our member Sri. Rajarathinam, retired passed Regional Manager, Coimbatore away in Coimbatore on 15-11-11 Our member, Sri. N. Palaniswamy, Retired Sr. Manager CCO Coimbatore passed away in Coimbatore on 12-12-11 Our member and activist Sri P. Vellingiri passed away in Coimbatore on 19-07-11 Sri. R. M. Shanmugam retired DGM died in Chennai on 04-02-12 Sri. M. Jeevanandam our member died in Trichy on 19th February 2012 Mrs. Mary Mathai our member died in Kottayam on 07-03-12 Sri. K.V. Lakshmanan our member died in Chennai on 15-03-12 Sri. R. Narayana Pillai, our member died in Kottayam on 16-03-12 Sri. P. Subramanian, our Member died in Mumbai on 24-01-12 Mr. Rabindra Sekhar Bhattacharya; expired in Kolkata on 19-03-2012

The Veteran and members of IOBRA pay their homage to departed souls and offer condolences to the berieved family members.

16

Persons Compulsorily Retired are Eligible for Second Option For Pension
In a historic judgment Justice Vilas V Afzulpurkar Of Highcourt of Andhra Pradesh In his Order dated 22/03/12 on writ petition 9069 of 2011 filed by Sri. Sreeram Murthy against Andhra Bank held that Persons who are retired compulsorily, but who had not earlier opted for pension are eligible to opt for Pension under one more option extended in terms of the joint note signed by the Employees' Unions/Officers' organizations and IBA

LEGAL CORNER : Pension On resignation The Supreme Court of India in its order dated 28-07-11 in the matter of Sheel Chand Jain Vs New India Assurance Co. Ltd, SLP, gave ruling The aforesaid authorities would show that the Court will have to construe the statutory provisions in each case to find out whether the termination of service of an employee was a termination by way of resignation or a termination by way of voluntary retirement and while construing the statutory provisions, the Court will have to keep in mind the purposes of the statutory provisions. The general purpose of the Pension Scheme, 1995, read as a whole, is to grant pensionary benefits to employees, who had rendered service in the Insurance Companies and had retired after putting in the qualifying service in the Insurance Companies. Clauses 22 and 30 of the Pension Scheme, 1995 cannot be so construed as to deprive of an employee of an Insurance Company, such as the appellant, who had put in the qualifying service for pension and who had voluntarily given up his service after serving 90 days notice in accordance with sub-clause (1) of Clause 5 of the Scheme, 1976 and after his notice was accepted by the appointing authority. In the result, we set aside the orders of the Division Bench of the High Court in the Writ Appeal as well as the learned Single Judge and allow this appeal as well as the Writ Petition filed by the appellant and direct the respondents to consider the claim of the appellant for pension in accordance with the Pension Scheme, 1995 and intimate the decision to the appellant within three months from today. Basic Pension aberration caused in VII bipartite settlement: Rectification in VIII bipartite settlement
Query from one of the retirees Kindly advise me the rate of interest to be charged from retirees on loan against our own Bank term deposits: Kindly advise the circular No. in case any concession is available to retirees. Reply from C.O Cir. No. Adv/119/2007-2008 dated 30.11.2007 (issued by Credit Support Services Dept. - available in IOB online)states that loan to depositors only Dep. rate Plus 1% and for CC to depositors only Dep. rate Plus 1.5% (w.e.f. 1.12.2007). Book of Instructions - vol. I - Chapter IV (displayed in IOB Online) states that in the case of staff

Readers may remember our coverage of order passed by Division Bench of Madras High Court on Writ appeal No1209 of 2007 between G.Palani and Others Vs Bank of Baroda. We are glad to inform you that the matter has also been decided in High Court of Karnataka. High Court of Karnataka, in its order dated 21st April 2011 on Writ Petition 47033/2001 between Sri. B.N. Hegde, Sri. A.S. Vijayakumar, Sri. N. Swaminathan and Sri. N. Govinda Rao Vs Indian Overseas Bank has ordered that the petitioners are entitled to payment of pension calculated on the basis of actual pay, fixed, personal pay, special pay and other allowances and emoluments drawn by them during the last 10 months of their service in the bank as provided under Regulations35 and38 of the Pension Regulations together with Dearness Allowance thereon and the respondent ( Indian Overseas Bank ) shall pay the differential amount of pension and the commutation value of pension to the petitioners on that basis, within a period of eight weeks, if not earlier and in the event of failure to make the payment as above, the bank shall be liable to pay interest at the rate of 10% on the said amounts till the date of payment. We are informed that the Division Bench of Karnataka High Court comprising Honble Sri. Vikramjit Singh, Chief Justice and Honble Mrs. Justice. B.V. Nagarathnamma has dismissed the writ appeal 4269/2011 filed by State Bank of Mysore and other banks on the above judgment by its order dated 8th March 2012. The Honble judges have commented that the extremely scarce time of the Court as well as the Banks resources have been avoidably and unnecessarily expended on an excercise of futility
members (refer para A.7.2.2 and A.7.2.3 of this chapter on the definition of eligible staff members) against the security of their deposits, the rate of interest chargeable shall be half percent over the staff deposit rate. Advances to staff members can be granted upto ninety five percent of the deposit amount. A.7.2.3. A retired member of the banks staff means an employee retiring whether on superannuation or otherwise, but does not include an employee retired compulsorily or in consequence of a disciplinary action. Chief Manager

17

I. O. B. RETIREES' ASSOCIATION
(Affiliated to the All India Bank Retirees' Federation)
2, First Cross Street, Jaya Nagar, Tamabaram Sanatorium, Chennai 600 047, Phone: 044-22418692, Mobile: 9444013417

MEMBERSHIP - CUM - BIODATA FORM

Name Address in Full : Mr./Mrs./Miss. ________________________________________ : ____________________________________________________ ____________________________________________________ __________________________ Pin Code : District : ____________________________ State : ____________________________ Phone : Res.: ________________ Mobile : _______________ E-mail ID ___________________________ Date of Birth : __________ Date of Joining the Bank: _____________ Date of Retirement : _______________ Edu. Qualification : Type of Retirement Designation on Retirement : : Bank Roll No.: P.P.O. No.:
Affix Passport size Photo here

Super Annuation / Voluntary / Compulsory / VRS 2000 ________________ Branch last Worked : __________________ Yes / No Pension Payment Branch : Whether Presently employed: Yes / No _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________

Whether opted for Pension : Basic Pension Rs. If Yes, Details Blood Group Brief Medical History Contact Address (in case of emergency) Willing take up new assignment with the bank Specify : : : : :

: :

Yes / No Forex / Inspection / Data Entry / Recovery / Business / Correspondent / other

I agree to abide by the rules and regulations of the Association, I enclose DD / Cheque for Rs. 500/(Life Membership + 100/- (Veteran) / I have already remitted the membership Fee.

Particulars of payment by Cheque / DD No. __________________ Branch ___________ Date.

Date :

Signature

All remittance by A/c Payee Crossed Drafts / Cheque Payable at Chennai. Please note to mention P.P.O. No. In all correspondence. Life time membership Rs. 500/- + 100 Towards Veteran Magazine

D.R Payable from February 2012 to July 2012

We are pleased to inform you that there has been an increase of 60 slabs of Dearness Relief payable from February to July 2012 to pensioners, family pensioners and ex-gratia pensioners. The details are: Retired on or after 01 01 86 but before 01 11 92/ 01 07 93 Over CPI 600 Slabs 979 Retired on or after 01 11 92 / 01 07 93, but Before 31 03 98 Over CPI 1148 Slabs 842 Retired on or after 01 04 98 but before 31 10 2002 Over CPI 1684 Slabs 708

Basic Pension
Upto Rs. 1250 Rs. 1251 Rs. 2000

Amount
655.93% Rs. 8199.13 Plus 538.45% in excess of Rs. 1250/Rs. 12237.50 Plus 323.07% in excess of Rs. 2000.00 Rs. 12657.49 Plus 166.43% in excess of Rs. 2130/-

Basic Pension
Upto Rs. 2400
Rs. 2401 Rs. 3850

Amount
294.70% Rs. 7072.80 Plus 244.18% in excess of Rs. 2400/Rs. 10613.41 Plus 143.14% in excess of Rs. 3850/Rs. 10971.26 Plus 75.78% in excess of Rs. 4100/-

Basic Pension
Upto Rs. 3550
Rs. 3551 Rs. 5650

Amount
169.92% Rs. 6032.16 Plus 141.60% in excess of Rs.3550/Rs.9005.76 Plus 84.96% in excess of Rs.5650/Rs.9311.62 Plus 42.48% in excess of Rs.6010/-

Rs. 2001 Rs. 2130

Rs. 3851 Rs. 4100

Rs. 5651 Rs. 6010

Above Rs. 2130

Above Rs. 4100

Above Rs. 6010

Retired on or after 01 11. 2002 but before 1-11-2007 Over CPI 2288 Slabs 557

Retired on or after 01 11 2007 Over CPI 2836 Slabs 420

Rate of Dearness Relief

100.26 % of Entire Basic Pension

Rate of Dearness Relief

63% of Entire Basic Pension

RATE OF DEARNESS RELIEF PAYABLE ON EX-GRATIA TO EMPLOYESS RETIRED PRIOR TO 01-01-1986 AND THEIR SPOUSES SLABS RATE TOTAL AMOUNT PAYABLE 979 655.93% on Rs. 300 Rs. 300/- plus Rs.1967.79 - i.e. Rs. 2267.79 + Rs. 1000 = 3267.79

(AL.Chandramouli)
President

044-26461679, 9444067846 [email protected]

044-22418692, 9444013417 [email protected]

(Dr. B.Ramji)
General Secretary

Book - Post

To,

If Undelivered please Return to:

Dr. B. RAMJI, General Secretary,

I.O.B. Retirees` Association, No. 2, First Cross Street, Jaya Nagar, Tambaram Sanatorium, Chennai - 600 047. Ph. No . : 044-22418692 Mobile : 9444013417 E-mail : [email protected] Website : www.iobveterans.com