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Hans India
21-07-2025
- Business
- Hans India
CBSPRA demands pension updation
Gummadi Sudhakar Rao, K Vijaya Babu, N Pullaiah, M Venugopala Reddy, Ch Pushpamma, N Baburao who are above 75 years and members of CBSPRA being felicitated in Vijayawada on Sunday Hans News Service Vijayawada TheVijayawada circle general body meeting of the Canara Bank Syndicate Pensioners and Retirees Association (CBSPRA) was held here on Sunday. The meeting was organised by Circle Secretary D Seshagiri Rao, who welcomed the members and invited the dignitaries to the dais. V Krishna Kumar, zonal secretary (Hyderabad), presiding over the event, noted that CBSPRA has entered its 14th year, with over 16,000 members under the leadership of C Gangadhar Yadav (chairman) and K Suresh Babu (general secretary). He also said that a mass hunger strike-cum-dharna is scheduled at Indira Park, Hyderabad on August 5 led by AIBPARC AP and TS unit Secretary K Madhusudan. All India Bank Pensioners' And Retirees' Confederation (AIBPARC) national deputy general secretary KBG Tilak, who was chief guest, addressed key issues including pension updation, citing Regulation 35 (1) of the Bank Employees Pension Regulations, 1995 as amended and published in the Gazette in March 2003 and a pension corpus fund of public sector banks exceeding Rs 4.27 lakh crore as of March 2024, sufficient for implementing pension updation from March 1, similar to RBI Pensioners. On Medical Insurance, he said that IBA proposed revised base policies for retirees ranging from Rs 4 lakh to Rs 7 lakh, with Rs 3 lakh super top-up from November 1, 2025 to October 31, 2026. He reiterated AIBPARC's demand that the annual premium for base policy has to be borne by the banks. Senior members of CBSPRA aged 75 and above were honoured with a shawl and a memento. Pasupuleti Butchibabu, Zonal Committee Member, was also felicitated for mobilising 115 new members to CBSPRA in a span of two months. Regional Secretaries D Prabhakara Rao (Guntur) and Y Prasad (Ongole) also addressed the gathering. P Narasimha Rao proposed a vote of thanks. Around 60 members from various districts participated.
Hans India
02-05-2025
- Business
- Hans India
Centre urged to settle bank pension updation out of court
Vijayawada: TheAll India Bank Pensioners' and Retirees' Confederation (AIBPARC) advisor GD Nadaf urged the Central Government and the Indian Banks' Association (IBA) to settle the implementation of pension updation outside court. Nadaf was the chief guest at the members' meeting of AIBPARC affiliates, organised by its AP and Telangana unit deputy secretary Boppana Mohan Rao here on Thursday. AIBPARC Deputy General Secretary KBG Tilak presided over the meeting. Nadaf highlighted that pension regulations are modelled on those of the Government and RBI, supported by a robust pension fund exceeding Rs 4.27 lakh crore, including State Bank of India, as of March 2024. Nadaf further demanded that the special allowance introduced in the 10th Bipartite Settlement by IBA be included in the calculation of gratuity and basic pension for bank pensioners who retired after November 1, 2012. AIBPARC working president S Kuppuswamy called on the Union Ministry of Finance to amend guidelines to restore the commuted value of pensions after 10 years from the date of commutation, instead of the current 15 years. AIBPARC vice-presidents K Chandrasekaran and K Suryanarayana Murthy stressed the need for a formal consultative forum for apex-level pensioners and retirees' organisations at the IBA level. Canara Bank Syndicate Pensioners and Retirees Association (CBSPRA) treasurer MS Prakash Rao also addressed the participants. GD Nadaf garlanded the portrait of AIBPARC AP and Telangana unit former Secretary K Prabhakar and paid tributes on his 79th birth anniversary on May 1. A two-minute silence was observed in memory of the 26 victims recently killed in a terrorist attack in Pahalgam, Jammu and Kashmir. CBSPRA Vijayawada regional secretary KNV Prasad proposed a vote ofthanks.
