My View on "Justice delayed is justice denied..............":
I opted to retire from the SBI when I was a Regional manager in 1994 when my basic was Rs.11550 but pension pegged at not half average pay but at Rs.4250 as applicable then. Now my pension is around Rs.15000 a month including the DA. All the appeals in various courts hang on indefinitely because these are not so important issues for them. For the SBI, the Chairman says the clearance from the Finance Ministry is required and they are sitting tight on this issue for decades. Those who retired between 1993-2000 are very few survivors - in just a couple of thousands and the liability from the pension fund would be minimal compared to the outgo for those who sought voluntary Retirement under a specific scheme and the regular retirees. What should be in the domain of Bank's decision has shifted to Government and this we call as autonomy!!
- Yerram Raju
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