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We reproduce hereunder the Notice of our ensuing AGM dt.31-07-2011with certain additions at the end as regards quorum.*******************************************
State Bank of India Pensioners’ Association(Mumbai Circle), Pune
“Anubandh”, Building No.B-2, 4th Floor, Block No.16Near Ramkrishna Math, Sinhagad Road, Pune - 411030
The Managing Committee of the Association in its meeting held on 6th June 2011 hasdecided to hold the 37th Annual General Meeting of the Association at 10.00 a.m. on Sundaythe 31st July 2011 at “Radhika Sanskritik Sankul”, 117 Budhwar Peth, Radhika Road,Satara - 415001 (Phone No.02162/235758) to transact the following business. All the membersare requested to make it convenient to attend the meeting.
AGENDA
1. To condole the death of Bank’s Pensioners/Family Pensioners/Associate Members whose
names have been reported to us after 12th July 2010.
2. To confirm the Minutes of the last Annual General Meeting held on 12th July 2010 whichwere printed in “SAMVAD” for September 2010.
3. To felicitate Chief Guest and other dignitaries.
4. To present the “Late Shri.L.N.Pabalkar Memorial” Gold Medal
to Shri.V.R.Punekar, Pune
5. To approve the audited Financial Statements for the year ended 31st March 2011.(copies attached)
6. Report of the Managing Committee for the year 2010-2011 to be read, discussed andadopted. (Copy of the report attached)
7. President’s Address.
8. Any other matter with the permission of the Chair.
R.N.Lalingkar Secretary
N.B. :- If there is no quorum at 10.00 a.m. the meeting will be adjourned and the adjournedmeeting will start after half an hour and will proceed as per the above Agenda for which noquorum will be necesary.
- Secretary
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Some Corrections in the Notes on Financial Statements as on 31-03-2011published in 'SAMVAD for June 2011
Assets side of the Balance Sheet :On page 18 - Item Flat at Goa :- The heading should be "Premises at Pune, Mumbai &Panaji (Goa)'.
Under Expenditure : Meeting Expenses -On page 20 - The headings in the Table/Columns should be as under.i) Under 'Total Expenses' (column 2) the 'Donation' word should be removed.ii) The heading of the third column should be as under -
'Less - Reimbursement from Bank and AGM Donations'iii) The Heading of the fifth column should be - 'Total reimbursement'iv) The Heading of the sixth column should be - 'Net Expenses'
Under Balance Sheet : Item No.3 - Advances & Deposits -On page 21 :- Item No.2 - Depreciation : The increase over last year's amount of Depreciation
should be Rs.1,47,476/- instead of Rs.1,37,476/-.On page 21 :- Under 'Income tax - TDS Rs.14,901/- (last yesr - Rs.77,388/-)
The amount of refund of TDS should be Rs.69,680/- instead of Rs.61,767/-On page 22 : Legal Fund: The last year's figure should be Rs.65,660/- instead of Rs.65,650/-
Attention All the Members1) It is informed by the PPG Dept., Mumbai LHO that about 2800 pensioners/familypensioners have not yet furnished the 'Life Certificate' to the pension-paying branch(i.e.-Home Branch) till this date. If such pensioners/family pensioners donot furnish the'Life Certificate' by going to the pension-paying branch or to any nearest branch (videe-Circular No.Circular No. : CDO/P&HRD-PPFG/29/2011-12 dt.3rd June 2011) thepayment of pension to such pensioners/family pensioners will be stopped withimmediate effect.
Therefore, all the pensioners/family pensioners are requested to verify from thepension-paying branch whether the Life Certificate furnished by them in November2010 has been recorded properly in the system, so as to avoid non-credit of pension totheir pension account in due course. For those who have not yet furnished LifeCertificate are requested to do so immediately.2) For those who retired after 1-11-2007 (i.e - 9th Bi-partite retirees) : Pensioners whoretired on or after 1-11-2007 are requested by the Bank that they should advise in writingto the Bank whether they wish to commute their Pension (as per extant rules). If anybody do not wish to commute the pension, they are also requested by the Bank toadvise in writing that they do not wish to commute the pension. This advise, whether'Yes' or 'No' (regarding Commutation) should be sent by all the pensioners who retiredon or after 1-11-2007 (i.e.- 9th Bi-partite retirees only).3) PAN Number :- All the pensioners and family pensioners are requested to furnish
their PAN Number to their pension paying branch immediately.
Dear Friends,Many of you are aware that our beloved leader Shri B.G. Dandekar, Adviser to the Federation of
SBI Pensioners' Associations (FSBIPAs) had joined the SBI Pensioners movement immediately afterretiring from the Bank in March 1987. He has devoted his last more than 24 years towards SBIPensioners' problems and has ceaselessly worked for the cause of SBI Pensioners. He is a doyen ofpensioners' movement and has acquired so much expertise of the subject that even Bank Authoritiesat Corporate Centre unofficially ask his opinion on various problems of Pensioners. This is becauseShri Dandekar has a fund of information and records which at times the Bank authorities find it difficultto fetch from Bank's files. Looking to the following achievements of SBIPA, Mumbai Circle and FSBIPAsmade during the last 25-30 years for which the Lion's share of credit goes to Shri Dandekar. You willget a clear cut picture about the matter.
We have, however, recently observed that some disgruntled and misguided elements from ourmembers are trying to malign the image of Shri.Dandekar and our Association/Federation by circulatingsome objectionable circulars/letters among the members. I am sure that majority of members wouldnot get carried away by such malicious propaganda. We give here under the various achievements ofSBIPA, Mumbai Circle and FSBIPAs.
V.M. Gokhale President
***************************************************Federation of SBI Pensioners' Associations
Some of the benefits achieved by theAssociation (Mumbai Circle) and Federation
1) Statutory Gratuity - SBI was reluctant to pay the Statutory Gratuity. However due to efforts of ourMumbai Circle Pensioners' Association the same was paid, with delay of five years. Therefore,Circle Association claimed interest on the amount, but the Bank refused to pay the interest.Hence Mumbai Circle Association filed writs in Mumbai and Nagpur Bench of Mumbai HighCourt. Only thereafter, prior to Court decision, Bank agreed to pay interest as demanded bythe Association. (this was prior to 1983)
2) Income Tax - At the request of Mumbai Circle Association the Government of India permittedthe Bank's pensioners to avail themselves of the benefit of standard deduction while computingtaxable income as is done in the case of serving employees.
3) Due to constant efforts of Mumbai Circle Association for over three years, the Bank announcedin June 1977, payment of D.A. to Bank's pensioners at par with Government Pensioners w.e.f.1-1-1973. (prior to IV Pay Commission Report).
4) 19-7-1983 - Refund of officers contribution to Pension Fund.As per Sastry Award, recovery of Pension Fund contribution from Award Staff was stoppedw.e.f. 1-7-1955. Bank also stopped the recovery from officers. However Government of Indiaobjected to this stating that the decision of Sastry Award is not applicable to officers. ThereforeBank again started to recover the Pension Fund contribution from officers w.e.f. 1-7-1955.Mumbai Circle Pensioners' Association filed a W.P. No. 3136 of 1982 in Mumbai High Courtrequesting for refund of pension fund contribution recovered only from officers from 1-7-1955to 31-3-1968. This Writ was decided in our favour as per "oral judgment" dated 19-7-1983.Thereafter, we were again required to file another W.P. in Mumbai High Court for claiminginterest on arrears at 12% p.a. The court directed to the Bank to pay interest @ 9% p.a.Accordingly, the officers received the refund of Pension Fund contribution with interest @ 9%p.a.
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5) Due to Federation's persistent efforts the Bank decided to pay minimum pension of Rs.200/-p.m. w.e.f. 1-1-1986 to all pensioners of Presidency Banks and I.B.I.
6) 25-8-1988 - Several years quantum of maximum pension viz. Rs.750/- p.m. and Rs.1,000/-p.m. (only to senior staff i.e. DGM and above) was not changed. Hence prior to 1985 ourFederation again requested the Bank/Government of India to revise the pension, introduceFamily Pension Scheme, commutation of Pension and index linked D.A. formula, etc. SBI in1986 submitted to the Government of India detailed proposal for revision of Pension Scheme.However no response was received from the Government of India (though the Chairman of SBIwas an IAS officer). Therefore, our Federation in 1987 filed a Writ Petition in the SupremeCourt and the same was admitted. Only thereafter in 1988 the Government of India approvedthe Bank's proposal with certain modifications. Main issues were as under:-(a) Pension @ 50% of average salary (12 months) if 30 years' pensionable service.
Maximum Rs.2,400/- p.m. for officers and Rs.1,300/- p.m. for Award Staff.(b) Family Pension Scheme introduced(c) Minimum Pension Rs.300/- p.m. (increased from Rs.200/- p.m.)
Modifications effective from 1-1-1987(As per Supreme Court Judgement dt. 23-2-1989, the sub-ceiling of Rs.1300/- p.m.was removed, effective date pre-poned to 1-1-1986 instead of 1-1-1987)(C.O. No. PA:CIR:130 of 25-8-1988)
7) 1988 - Those who were employed elsewhere after retirement, their pension was not paid bythe Bank, as per rules then prevailing. At the instance of our Federation this rule was droppedwith retrospective effect and hence several pensioners received sizeable arrears. (Thanks toBank's Chairman Shri D.N. Ghose, IAS).
8) 24-4-1990 - As per Federation's demand, the Bank introduced new index linked DearnessRelief formula w.e.f. 1-11-1987. This was as per formula applicable to Government of IndiaPensioners/Family Pensioners (Based on 4th Central Pay Commission's Report). As per thisformula DR was paid on full pension. Earlier DR was paid only on first Rs.500/- (C.O. No.PA:CIR:38 of 24-4-1990)
9) 13-2-1992 - At the instance of Federation, the Bank introduced the system of issuing "PensionPayment Advice" to Pensioners. All the particulars required for calculation of pension are statedin this advice (C.O. No. PPG: 6509 of 13-2-1992)
10) 13-10-1993 - Those pensioners whose basic pension was calculated on the basis of salaryscales in force prior to 1978/79 (DA Merger 100 points) got additional dearness relief (30% -maximum Rs.150/- p.m.) w.e.f. 1983/84. From 1-11-1987, this amount was merged in FDR(C.O. No PA:CIR:69 of 13-10-1993). (Earlier meagre amount ranging from Rs.5/- to Rs.14/-was approved. Federation expressed dissatisfaction hence the decision was changed asabove).
11) 11-11-1993 - As per Federation's suggestion Bank issued instructions to all LHOs to issueI.Cards to Pensioners / Family Pensioners. Uniform design prepared by Central Office wasforwarded to all LHOs. (Now the design has been modified).(CO. letter No. PPG: KPE: 4087 of 11-11-1993).
12) 13-12-1993 - At our request the benefit as stated above (item No. 10) was extended to FamilyPensioners whose family pension was calculated on the basis of salary structure in force priorto 1978/79 (C.O. No. PA: CIR: 78 of 13-12-1993).
13) 29-8-1994 - As suggested by Federation, the system of holding "Pensioners' Meets" by theBank was introduced (C.O. No. HRD: 75:2891 of 29-8-1994).
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14) 10-2-1995 - There were complaints from Members for not getting the usual medicines from theBank's dispensaries. Hence the issue was taken up with Central Office by our Federation.Therefore instructions were issued to all LHOs to do the needful, (C.O. No. PER: IR:6214 of10-2-1995).
15) 28-3-1995 - Pensionary benefits extended to employees of Banks taken over by SBI. In thisregard, Bhopal Circle Association played prominent role to get the proper decision with thehelp of late Hon'ble Shri Madhavrao Sindia (C.O. No. PA:CIR: 105 of 28-3-1995 No. ADM:SPL: 5918 of 27-1-1995 and No. CDO/ADM/20852 of 24-11-1995).
16) 12-5-1995 - After presenting some live cases, at our request the Bank agreed to extend thebenefit of additional 30% of pay (Maximum Rs.150/- p.m.) to pensioners whose pension wascalculated partly on the basis of salary scale prior to 1978/79 and partly revised scales. Thequantum to be worked out on pro-rata basis. This benefit was also extended to FamilyPensioners from that group. (C.O. No. PA: CIR: 11 of 12-5-1995).
17) 18-5-1996 - State Bank of India Retired Employees' Medical Benefit Scheme. This schemewas suggested by our Federation. After discussions with the management of the Bank, thescheme was finalized. The scheme was opened for Membership w.e.f. 1-7-1996. This is thegreatest achievement of the Federation. A separate article will be published in "Samvad" atthe earliest.
18) 28-5-1996 - The Bank accepted our suggestion of sanctioning of Family Pension whilesanctioning pension to the employee. The facility was also extended to those pensioners whoretired prior to 1-11-1993. Incidentally, this suggestion was made in Mumbai Unit's AGM. TheMeeting was attended by Top Executives of Central Office. (C.O. No. CDO/PM/CIR/13 of28-5-1996) (Unfortunately many pensioners do not check their pension payment advice wherethe Family Pension is mentioned).
19) 29-6-1996 - Following suggestions made in the AGM of Mumbai Circle Pensioners' Associationwere approved.i) Date of payment of Pension - Last but 4th working day,ii) Cheque book facility on pension account to be extended to Bank's Pensioners
20) 21-5-1997 - After the salary revision in 1992/93 wherein D.A. upto 1148 points was merged,we were representing to the Bank/Government of India to revise the pension on the principleslaid down in the Supreme Court Judgment dt. 23-2-1989. However Bank discussed the revisionin pension scheme with both the Service Staff Federations. Except the D.A. formula (whichwas also our demand) no other problems were solved to our satisfaction. Commutation Factor(C.F.) was low as compared to C.F. implemented in Government of India/RBI/ Other Banks.About Ceiling of Rs.4,250/- p.m. there was no increase in gross pension when compared withearlier ceiling of Rs.2,400/- p.m. In fact the gross pension was reduced. However this was asper the consent given by both the Serving Staff Federations (Ref. Minutes of the Meeting heldon 30-1-1995). (C.O. letter No. CDO:PM:CIR: 8 of 21-5-1997). (Above situation forced us totake the decision of filing a Writ in the Court. Accordingly, our Advocate from Chennai served anotice dt. 22-5-1998 on the Bank, the Government of India and RBI )
21) 28-1-1998 - After implementation of the above Scheme we brought to the notice of the Bankthat some employees whose last 12 months basic salary was partly in old scale and partly innew scale were affected. Therefore the Bank decided to update the salary of such employees(only officers) and then calculate the pension. (C.O. letter No. CDO: PM:CIR:45 of 28-1-1998).
22) 17-9-1998 - The pensioners started getting D.R. as per the rates applicable to staff. Howeverthese rates were not extended to Family Pensioners. Their rates were based on rates applicable
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to Family Pension of Government of India and no increase in Dearness Relief was passed onto them. This issue was, therefore, discussed with Central Office Executives. Family PensionersDearness Relief (quantum) was stagnant from 1-7-1997 to 31-12-1998. Finally suitableinstructions were issued. (C.O. letter No. CDO:PM: CIR:35 of 17-9-1998).
23) 5-11-1998 - Commutation amount should be paid to legal heirs in the following circumstances:(a) If a pensioner dies after medical examination, but before the sanction of commutation; and(b) If a pensioner dies after the commutation is sanctioned but before it is credited to his/
her pension account.The above was approved only after we pointed out "live cases". (C.O. letter No.NBG:PPG:SK:4866 of 5-11-1998).
We also pointed out another case where a pensioner applied for commutation, howeverin medical examination his age was increased resulting in decrease in C.F. In such circumstancespensioner should have right to withdraw the application for commutation. This proposal wasalso accepted by the Bank.
24) 31-10-2000 - Our Federation's Advocate served a notice dt. 22-5-1998 on the Bank/Governmentof India/RBI. Due to this Government of India directed the Bank to revise the pension w.e.f.1-3-1999 as per formula advised in Government of India letter F.No. 1/5/91/IR dated 23-2-1999.The formula is as under:-1. Employees/officers having pay upto Rs.8,500/- p.m. 50% of the pay2. Employees/officers having pay exceeding Rs.8,500/- p.m. 40% of the pay subject
to minimum ofRs.4,250/- p.m.
The above formula is applicable to those pensioners whose pension was calculated onthe salary where D.A. upto 1148 points was merged. No reason has been stated in the aboveletter, why "40%" to a few employees. Similarly when the salary scales were revised in 1992/93, why the formula is effective from 1-3-1999.This scheme was implemented as per C.O. letter No. CDO/PM/16/CIR/34 of 31-10-2000. Thoughunsatisfactory, senior most officers' pension (Basic) increased from 28.71% to 40.00% of basicpay. (Basic pension increased from Rs.4,250/- p.m. to Rs.5,920/- p.m.) This was only due toserving a notice through Advocate. Thereafter, there is no improvement and those who retiredbetween 1997 & 2002 continue to get their pension calculated on pre-revised salary. However,revision based on similar to above formula has been done in respect of all who retired after31-10-2002. Therefore, we were compelled to file a Writ Petition in the Supreme Court. WritPetition has since been admitted.
Revision of pension in respect of employees who retired after 31-10-2002 has beendone in consultation with both the Federations of serving staff.
25) 21-12-2005 - Dearness Relief - Family PensionersFamily Pensioners were being paid D.R. as per formula applicable to Family Pensioners
of Government of India though pensioners of the Bank were in receipt of D.R. as per formulaapplicable to working employees. This change was announced on 21-5-1997 and was effectivefrom 1-11-1993. We therefore, represented to the Bank that the rate of calculation of D.R. forpensioners and family pensioners should be same as is the practice in Government of India,RBI and other Banks. The Bank, therefore, agreed with our views. Finally it was decided thatw.e.f. 1-5-2005 in the case of Family Pensioners of the Bank D.R. should be calculated at therates applicable to pensioners. (C.O. letter No. CDO:PM:16:CIR:52 of 21-12-2005)
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e-CircularState Bank of India P&HRDCorporate Centre - Mumbai Sl.No.: 179/2011 - 12
Circular No. : CDO/P&HRD-PPFG/29/2011-12Friday, June 03, 201113 Jyestha 1933 (S)
All LHOs/Branches/Offices ofState Bank of India
Madam / Dear Sir,
IBI/SBI/SBS/SBIN EMPLOYEES' PENSION SCHEMESIBI/SBI/SBS/SBIN FAMILY PENSION SCHEMESSUBMISSION OF LIFE CERTIFICATE BYPENSIONERS/FAMILY PENSIONERS
At present there are no laid down instructions regarding the periodicity of submission of the LifeCertificate by IBI/SBI/SBS/SBIN Pensioners and Family Pensioners. As a result of which a largenumber of IBI/SBI.SBS/SBIN Pensioners and family pensioners are not regularly submitting their lifecertificates which may lead to wrong pension payments and also result in recovery related issues ata later date.2. The matter has been examined at Corporate Centre and it has been decided as under :
i. To make it mandatory for all IBI/SBI/SBS/SBIN Pensioners and FamilyPensioners to furnish life certificate in the month of November each year on theprescribed format, failing which pension will be stopped two months thereafter i.e.from the month of January.
ii. Life certificate in the physical form may be submitted in the prescribed format bythe pensioner / family pensioner not necessarily to the home branch where his /her pension account is maintained but to any branch. The acknowledgement ofhaving received the Life Certificate will be issued to the pensioner / family pensionerby the Branch where the Life Certificate is submitted. After receiving the LifeCertificate the branch (Home / Non Home) will verify the signature / thumbimpression from CBS and update the same in the related HRMS site. LifeCertificate can be updated in the HRMS site by any officer of the branch.
iii. When Life Certificate is submitted at a Non Home Branch, after updating the recordin HRMS, the branch shall forward the original Life Certificate to the Home Branchand retain a copy of the same for their record.
Please note to bring the contents of this circular to the notice of all concerned.
Yours faithfully,for Dy. Managing Director &Corporate Development OfficerEnclosure : Specimen of Life Certificate for pensioner
July 2011 SAMVAD
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ANNEXURE
IBI/SBI/SBS/SBIN PENSION LIFE CERTIFICATE
Certified that Shri / Smt .........................................................a pensioner of the Bank
appeared before me today and signed / affixed his / her L.T.I. below in my presence.
Mrs.Nagalaxmi alias Radhika SandeepJoshi, daughter-in-law of our memberShri.Mukund S.Joshi, Mumbai, has won"2011 Gen. Manager Award" from I.B.M. Co.She is working in I.B.M. Co. in Australiawhere 19000 employees are working. Sheis the only employee from Australia and willbe felicitated with this award in a function tobe held in New York in second week of July2011.
Hearty Congratulations Mrs. RadhikaJoshi !!!
- Secretary
Hearty Congratulations !!
Master Rutvij Aniruddha Kanetkar,grandson of our member Shri.P.P.Kanetkar,Nagpur, has passed out the recent S.S.C.Exam with flying colours. He secured 96.18%marks. Congrats Rutvij for your excellentperformance in SSC examination !! We wishyou bright career and are sure, you will keepit up. With best wishes on behalf of ourAssociation.
Timings : On Tuesday & Friday between 4 pm to 6 pm.
Publisher – Shri. Ramchandra Narayan Lalingkar, Secretary, State Bank of India Pensioners’ Association(Mumbai Circle),Pune has printed this magazine in the Printing Press owned by Printer – Shri.ChandrashekharDigambar Joshi, Director, Shree J Printers Pvt.Ltd., at 1416 Sadashiv Peth, Datta Kuti, Pune – 411030 onbehalf of Owner – State Bank of India Pensioners’ Association (Mumbai Circle),Pune, at “Anubandh”,Bldg.No.B2, Block No.16,Near Ramkrishna Math, Sinhagad Road, Pune – 411030. Editor – Shri. KrantisenRamchandra Athawale – address as above.