......... he periodical review of Pension scheme is the responsibility of the Managements of the Banks. It cannot be tagged to bipartite settlements which have adversely affected the pensioners and ultimately the pension scheme remains as an archaic one in the Banking Industry. As and when there are improvements in the central Govt. Pension scheme.
- Therefore, they form a separate class and when the pay scales of different cadres of Officers are revised then the up-gradation of pension to the Pensioners Class cannot be denied.
- That when the class of Pensioners is requires to be taken as one class this mini classification is writ large since different classes have been created as on 01.07.1993, 01.04.1998, 01.11.2002 and 01.11.2007 for the present. But since the pensioners are still EMPLOYEES as defined in the Pension Regulations, they are also entitled to updation/upgradation of their pension, which is a DEFERRED WAGE as per the law laid down time and again by Hon’ble Apex Courts therefore, they form a separate class and when the pay of different scales of Officers are revised the wages of this Class cannot be denied..............
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