...........The Government has wrongly taken
the demand for “Updation of Pension” as a demand for revision of the “Pension
Scheme” itself. It has therefore to be clarified that the demand is only for
rectification of the anomaly in difference of the amount of pension paid to the
present Pensioners and others who
retired earlier...................
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Copied below is my letter dated June 16, 2013 addressed to Governor Dr D Subbarao:
“Respected Sir
Thanks
As one who has been pursuing the cause of revision of Ex-Gratia paid to pre-1986 retirees and Family Pension under RBI Pension Regulations, I have been appreciative of your sympathetic view on the subject and you have been successful in your efforts to a great extent. I am aware, you are not happy with the messing up of the pension revision (updation issue). Thanks for implementing the revision of Family Pension which will help many RBI families spend the remaining life with less financial problems.
Incidentally, may I draw your kind attention to the following excerpt from Retirees’ HITGUJ?
“FORUM representatives called on Shri Rajiv Takru, Secretary, Department of Financial Services, GOI, in Mumbai, on 10th June 2013 in connection with our pending demands related to Pension. For Reopening of Pension Option, Secretary said that actuarial liability has to be seen and for Pension Updation, he said that a comparative chart among GOI, RBI and SBI is required to be prepared to study all aspects of terms and conditions of the job from the beginning till the terminal benefits. FORUM has decided to prepare the chart as above.”
I am unhappy about our employees being driven from pillar to post. The delay in sorting out a simple issue is likely to bring down the image of the organisation. I agree, they should not have met Takru in the first place. But Takru asking them to do ‘homework’ for Finance Ministry is unbearably cruel.
Warm regards and greetings
M G Warrier
June 16, 2013”
Recently forwarding a letter addressed to Governor Dr Raghuram Rajan by Shri P R R Nayar from Thiruvananthapuram, which was getting circulated in group mails, to Governor, I had mentioned that the sight of retirees being forced to assemble when central board meetings are held does not augur well for the past and future of RBI. I am sure this pension issue is not beyond RBI’s ability to resolve vexed problems. I had also requested some improvement in the amount of Ex-Gratia paid to surviving pre 1986 retirees.
After reading the above letter which should clarify any doubts which would have remained in the ‘mind of the institution’, I thought of sharing the above with the readers.
M G Warrier, Mumbai
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