By S. Ramachandran
( Source: allbankingsolutions.com)
We give below the speech delivered by S Ramachandran at a meetingorganized by Resigned Bank Employees Welfare Association on 13-6-2015 at 5.00pm at the Indian Medical Association Hall on the Record note signed between IBA AND UFBU on Retirees issues. In the speech Mr Ramachandran has one by one torn into all the arguments and important statements which formed part of the so called historic Record Note. We have added few links so that retirees can refer to original case law and should be sure that what is written here is absolutely correct.
Facts and figures of Pension Fund:
Amount in crores of RUPEES.‘
Opening Balance as on 1-4-1993
Add Annual Contribution
Add Interest Income
Less Benefits Paid
Closing Balance as on 31-3-2014
No. of pensioners/retired as officers
No. of Family pensioners/Families of retired officers
Approximate pension paid per month for both pensioners and family pensioners
Additional burden payable, if the claim of petitioners is granted
Total of column 4, i.e. additional burden if pension is updated.