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Pension updation in RBI- an arduous journey ahead!

22 Sep

Our long pending issues of pension updation and opening of pension option remain unresolved. This is  despite retirees struggles for about more than a  decade. All sections of retirees have always whole heartedly supported the calls given by  United Forum of RB Officers and Employees  (UFRBOE). Alas! no result. Perhaps this forced UFRBOE to tone down their demand to relief in any form in lieu of Pension updation at the time when governor Rajan  was about to demit office. Yet no result.

Dr Rajan, after he joined RBI as Governor, raised our hopes throughout his tenure about the issues. He  continued to assure till his last day to keep patience and wait for the result. In fact, he, like his predecessor, has failed us. Perhaps he too was bidding for his time. However, we cannot easily forget that during his time in March 14 , he was able to secure a package deal about pension updation for retirees from the then DFS secretary Shri Takru. The package was initially rejected  by the in service  leaders. Political scenario changed and the package has been subsequently withdrawn by the present authorities in Finance ministry.

During the  demonstrations by retirees prior to the last strike action on 19th November, 2015 , it  is on record that the leaders, while addressing the  gatherings at Delhi and other places,  announced that they wont enter into any wage settlement unless Pension issue is resolved,  However, when 19th November strike hit the bureaucracy in Ministry hard, the wage settlement was given a priority over the helpless retirees demands. Strike  concluded on the assurance that the Bank is in  constant follow up with the ministry and the information and replies are being sent. The  updation of pension and opening of pension option would be resolved soon, it was said. Wait ! And we kept waiting till the guard vanished.
Now another phase of pleadings before the deaf authorities has begun. Retirees Association at Mumbai has already written letters with the same known arguments. UFRBOE is maintaining a stoic silence. May be leaders are  seeking audience with the Governor!
There are already reports that some leaders from  AIRBEA have  met the Governor . He wants to deeply go into the issue for which he wants to be briefed by DG (Admn) .
Failed by bureaucracy in the ministry and  frustrated by the inaction of the bank for more than a decade, the  retirees are bound to feel disappointed and restive. Naturally, some plead  forgetting the issue, some want to use politicians as a tool, and a section  intends to go for a legal remedy. These suggestions hint at  disenchantment with leadership.
Friends, we as a representative forum, which belongs to all category of pensioners,  are also receiving such requests.   AIRBOPF representatives were likely to meet shortly. But  our  President, Shri Kishore da, at Kolkata  has fallen sick  suddenly and critically . Once he recovers we shall be having a relook at the entire scenario and examine alternative strategies to follow in the circumstance.
Meanwhile, General Secretary, Shri Aherrao has written  a letter to Finance Minister Arun Jaitley on 19th September 16 for updating the pension in RBI. Another  letter to the Governor  Urjit Patel reiterating the resolution of our just demands is here.
We are also in  touch with legal experts in the matter. But we  strongly hold that pensioners have only one class after they have retired from RBI. We also feel that social networking groups are not the appropriate  platforms for invoking the legal remedy.
The journey ahead has been made more arduous. Yet, we will continue our fight for the cause to the best of our ability and resources.
With good wishes

RBI-Medical Assistance Fund Scheme (MAFS)-GMP (2016-17) for RBI retirees renewed with United India Insurance co.

17 Aug

The earlier cashless Medi claim policy with the private sector company – IFFCO TOKIO– expired on August 14, 2016. RBI has ,now, renewed the policy for a period of one year (15-8-16 to 14-8-17)  with United India Insurance Co. Ltd.(UIIC).
There is a change in the Grade-wise limit for ICU, room/bed charges, sum  insured per hospitalization.
There is no change in the Third Party Administrators (TPAs) View/download the list.
Following enhancements/additions have been made:

I.  Ayurveda treatment at CGHS empaneled Ayurvedic hospitals.
II.  EECP (Enhanced external counter pulsation) to be included under the policy on OPD basis up to the per hospitalization limit. Settlement of claim to be done on reimbursement basis only after completion of full treatment.
III. Donor Medical expenses in case of transplants like kidney, liver etc. to be covered within the sum insured (Organ cost not covered under policy)
IV. The day care list will also be inclusive of day care Medical Treatment undertaken due to advancement of technology. The additions to the current list of 140+ day care treatment are:
(a) Cost of CRF/CKD treatment including the cost of injection
Erythropoietin/Cyclosporine/Sandimmune up to admissible per hospitalization limit on cumulative basis .

Other Operations / Procedure
(b) Cystoscopy
(c) All types of angiography covered
(d) Photo dynamic laser therapy covered under ARMD treatment
The names, contact numbers and e-mail id of the designated TPAs and representatives of the Insurance Consultants are listed here.

New TPA cards will be issued to MAF members in due course. Till such time the existing MAFS ID card issued by the Bank as well as existing ID cards issued by the TPA will be valid for admission to the hospital.

As members’ have unhappy past experience with the TPAs regarding issue of new ID cards, and as  the Bank has not prescribed any time limit  for issue of new ID cards, retirees may remain vigilant, and in case they do not receive new ID cards within 3 weeks, they should contact the Relationship Managers  concerned for immediate issue of ID cards along with details of Hospitals empanelled. 

Your may view complete List of Salient Features /Bank’s forwarding letter dated 12-8-16.

LIC pensioners case-SC judgment

9 Apr

LIC court case

LIC court case – at a glance- events till 2013.

Events thereafter:
Despite the SC orders to deposit the amounts in courts for payment to the petitioners, LIC plays foul, uses dilatory tricks, seeks repeated adjournments , feigns non-availability of counsels on due dates to drag the suits to all possible extents. Needless to say, these skills are an inseparable part of our Democratic Justice Delivery System.

LIC deposited amounts in courts based on  DR anomaly only by excluding element of consequent revision of Pension. This resulted in more appeals, notices, rejoinders and dates and more dates consuming a period of more than 2 years without any visible result.

Accumulation of appeals and further hearings in Supreme Court led to an order dated 7-5-15 by SC, which directed that as an ad-interim measure, LIC shall release 20% of the amount as per the impugned judgments pertaining to the High Court, in favor of the respondent employees within six weeks hence, subject to final result in the appeals.The next hearing  was fixed for 23rd Sept15. In the background of these sequence of events, SC pronounced the latest verdict on 31st March 16.

Important directions of the latest Supreme court decisions are:
  1. Set aside the orders passed by the HCs of Rajasthan, Delhi and P&H  and transfer  the writ petitions from the High Courts of Rajasthan and Punjab & Haryana to the High Court of Delhi,
  2. HC of Delhi  to decide the constitutional validity of Para 3A of the Appendix to the Rules, by Aug. 31,16.
  3. Directed LIC to pay IR 40% ( which was  20% earlier ) as per Para 3A of the Appendix  within six weeks and shall file an affidavit to the said effect.
  4. Orders reg item 3 applicable to the ‘similarly placed persons’.
  5.  SC observed the resolution passed by LIC board could not have been given effect to without framing a rule by the Central Government.

Nevertheless, Supreme Court judgment of 31-3-16 is evoking mixed responses. There is a lurking fear that courts may or may not  uphold the arbitrary and hyper technical authority of M/o  Finance, in the name of rules and acts.

It is high time that Government of India  considers sympathetically the  plight of the pensioners in financial institutions owned by them. The moot point for consideration ought to  be whether pension updation as being done for decades in case of  Central Government employees whose scheme of pension is also linked with CPI is valid in principle, and if so, there should be  no reason to deny the same to other similarly placed persons. Why refuse to allow others what you  get by virtue of  proximity to the system and authority to  invoke and frame technical rules. We are also suffering the same fate and game plans at the hands of M/o finance .

The constant fighting spirit of the septuagenarians is exemplary and praiseworthy. This long drawn battle by LIC Pensioners may conclude by Sept. 16, all other things remaining the same. We salute their resolve to fight till end.

Let us wait and see where the fight initiated by a single LIC retiree in 1998 leads to. We hope and pray that the result will be a shot in the arm not only for the LIC pensioners but all ‘similarly placed persons’ in other financial institutions.

Wishing A Victory for the LIC pensioners!

Pension Calculator for RBI Pensioners (Feb16 to July 16)

5 Feb
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