REPORT OF THE GENERAL SECRETARY PRESENTED TO THE 2ND TRIENNIAL CONFERENCE OF A.I.C.B.R.F. HELD AT ERNAKULAM ON FEBRUARY 24 – 25, 2016 INDEX OF 2nd TRIENNIAL CONFERENCE DOCUMENTS S.L. DESCRIPTION OF DOCUMENT PAGE No. No. I Conference Notice Dated 20.01.2016 5 II General Secretary’s Report 6 III Information Document : 01 List of AIBRF’S affiliates. 58 02 IBA Circulars on Pension Matters. 61 03 Govt of India instruction to PSB ‘s on Pension Matters. 68 04 AIBEA’s circular 27 / 08 / 2015 dt. 9.6.2015 on Formula for 69 calculation of Revised pension for those employees between Nov. 2012 & July 2013. 05 AIBRF’s circular 2015 / 270 dt. 16.11.2015 on Reimbursement of 73 Domiciliary Expenses. 06 AIBOA’s circular 13 / 2015 dt. 6.2.2015 on Pension Related Issues. 77 07 Canara Bank Employees’ Pension Fund - - Growth of Pension Fund 79 Corpus. 08 List of HRM sections with contact details. 80 09 HO circular 339 / 2015 dt. 3.7.2015 on Canara Pension Loan 81 Scheme – Clarification. 10 Terminal Benefits to Spouse / Family of the deceased employee. 83 11 Forms / Claims to be submitted by the legal heirs & steps for 85 assistance. 12 Rate of Family Pension – Table. 87 13 Consumer Price Index Figures Base 1982 = 100 / Base 2001 = 100 91 New. 14 Taxability of Medical Reimbursement. 93 15 Advance Tax exemption for Senior Citizen. 99 16 Our Journey so far & Thrissur beckons – Write up by 101 Sri S.V. Srinivasan, Deputy General Secretary, AIBRF 17 IBA letter dt. 30.06.2015 member bank on Payment of Pension, 106 PFG Granting. 18 Retirement Benefits – Legal Perspective - Compiled by 109 Sri. C.N. Prasad, Organising Secretary, AIBRF. 19 Role of a Geriatrician by Dr. V.S. Natarajan. 119 20 Boosting your Brain Power Naturally. 121 21 IBA’s circular dt. 1.10.2015 on Medical Insurance. 125 22 UFBU’s circular dt. 19.11.2015 on Medical Insurance for Retirees. 128 23 Application for Compassionate Employment. 129 24 AIBRF’s circular dt. 29.01.2016 on Dearness Relief. 140 25 AIBEA’s letter 31.12.2015 on payment of superannuation benefits. 142 26 New Investment Pattern for Non-Govt. PF & Gratuity. 147 27 AIBRF’s letter 14.01.2016 on medical insurance to retirees. 150 28 IBA – Record Note of discussion held on 27.11.2009 between IBA 152 & UFBU for one more option for Pension. 29 AIBRF’s letter 15.1.2016 on next wage revision. 155 30 AIBRF’s letter 1.2.2016 on memorandum on pending demands of 157 Retirees. 31 Application for issue Identity Card. 161 32 Request letter for Holiday Homes. 163 4 AICBRF - 2ND Triennial Conference AICBRF - 2ND Triennial Conference 5 GENERAL SECRETARY’S REPORT PRESENTED FOR ADOPTION BY THE GENERAL BODY MEETING AT ITS 2ND TRIENNIAL CONFERENCE ON FEBRUARY 24 - 25, 2016 AT ERNAKULAM Dear Delegates and Observers, On behalf of Central Committee of All India Canara Bank Retirees’ Federation, I have great pleasure in welcoming you all to 2nd Triennial Conference of our Federation today. I deem it my privilege to present this report on the events, activities and future course of our movement of our Federation since we met last in our 1st Triennial Conference at Bengaluru on 26-02-2013 for your kind evaluation, fruitful discussion and final adoption. IN MEMORIUM: During the period under review, nature had snatched away many great political leaders, thinkers, sport persons, artistes, eminent personalities, trade union leaders, leaders of Retirees’ Movement, members of Retirees’ Organisations, their family and several other unknown people who became victims of natural calamities such as Uttarakhand, Jammu & Kashmir, Odisha, Chennai etc. & terrorist attacks etc. Some of the prominent among them are as under:- Chavez P.B.Srinivasa Rao N.Ramamurthy Margarat Thatcher Dilip Mukherjee (RRB) Sivanthi Adityan Lalgudi Jayaraman J.S.Varma Shakunthala Devi T.M.Soundararajan Samar Mukherjee Poet Vaali Mohan Dharia Sarojini Varadappan Manna Dey G P Deshpande J.S.Bhatnagar B.P.Bajpai S S Thiagarajan Veliam Bhargavan R.A.Mittal Satyapal Dang T.K.Dutta Kajal Sarkar Dr.Narendra Dabholkar Nelson Mandela Sis Ram Ola Pran Chopra G.S.Shivarudrappa Kali Ghosh Anjali Devi Parvathi Krishnan N.K.Swamy M.V.G.Nair R.Umanath Dr.Shanthi Patel U.R.Ananthamurthy Attun burrough Bipan Chandra Benoy Konar Mandalin Srinivas Som Benegal N.Mahalingam Kushwant Singh Rajam Krishnan Phillip Hughes Deven Verma A.R.Antulay K.Balachandar R.K.Laxman C.R.Venkateswaran P.S.L.M.Haragopal D.Jayakanthan Nagoor Hanifa 6 AICBRF - 2ND Triennial Conference Lee Kuan Yew Govind Pansare Kannada Writer Kalburgi P.S. Gopalakrishna Pillai Dr. A.P.J. Abdul Kalam K.G. Kamath M .S.Viswanathan Justice V.R.Krishnaiyer Ritupani Ghosh Manorama Noorul Huda Kamala Ramakrishnan Sharad Joshi Sadhana Bani Deshpande A.B.Bardhan Mufti Mohammad Sayeed Mrinalini Sarabhai A.Nageswara Rao Ritu Panighom M.A.M. Ramasamy Gopinath Mundhe Sushil Koirala Balram Jakhar S.K.Vyas B.N.Nagarajan O.N.V.Kurup Com.R.J.Sridharan Popularly known as Com.RJS, he is one of the doyens of Retirees’ Movement. His natural qualities of incisive intelligence and analysis, selfless dedication, powerful oratory, equally powerful pen, crystal simplicity, ringing sincerity, stunningly simple life, extremely affectionate nature and unimpeachable integrity earned him love and affection of one and all. In his passing away on 15-06-2013, Bank Officers’ Movement, AIBOA, Canara Bank Officers’ Union, and our Federation, which had been looking upon him as friend, philosopher and guide suffered huge loss. The vacuum created by the untimely demise of this wonderful leader would cast its shadow on our movement for years to come. However, his teachings and conduct inspire us to overcome the situation and to march forward with renewed vigour. His memory would certainly provide us with the right energy and light. Com.N.Sampath: Com.N.Sampath served AIBEA in various capacities and his contributions to AIBEA & TNBEF were immeasurable and invaluable. His role in the Bipartite Wage Negotiations was unique. Recognised as human computer, he was the backbone of all the calculations in Bipartite Settlements upto 7th BPS. In all struggles, campaigns, organisational matters, and in every aspect of AIBEA, his contribution in decision-making was commendable. He passed away on 20-11-2014 at the age of 89. Our retirees’ movement became poorer because of the demise of Sri B.P.Bajpai, Former General Secretary of AIBRF and Sri P.S.L.M.Haragopal, Vice President of AIBRF, M.V.G.Nair, Vice President AIBRF, Sri J.J.Mahadeshwar (BOI, Mumbai), C.R.Venkateswaran, Madurai and P.S.Gopalakrishna Pillai, Kerala CC Member AIBRF and K.G.Kamath, Former President of our Andhra Pradesh affiliate. They carried the banner of AIBRF with greater commitment and conviction for creating a better future for bank retirees. Their absence is not only a great loss to us, but also to their families who suffered a vacuum. We have, during the period under review, lost a good number of retired colleagues who were working with us in our Bank in various capacities. We record our deep sense of sorrow over the demise of these colleagues. AICBRF - 2ND Triennial Conference 7 We dip our banner in respectful homage and convey our heartfelt condolences to the members of the bereaved families. We pray that their souls rest in bliss in the palace of eternity. Let us observe few minutes silence in memory of the departed souls. GLOBAL ECONOMIC SITUATION: The global economy shows no sign of any remarkable recovery in the recent past. Many European giants are faltering on economic front. The classic example is Greece. The situation in Greece is becoming very uncertain with doubts over its ability to repay the first installment of 300 million Euro as part of its huge debt. It needs to pay 1.6 billion Euro to the IMF by the end of June with the first installment due on June 5. The Syrian government has refused so far to succumb to the EU demand of further burdens on the people through austerity measures and privatization. As a result, the bail out package of 7.2 billion Euro is not materializing. Unemployment in the country remains above 25 per cent and the average wages fell by nearly 20 per cent in real terms. The uncertainty remains basically over the larger issue of Greece leaving the Eurozone putting the entire European Union in a crisis. The US economy continues to contract with the government itself lowering its GDP estimate. It is now estimated that US GDP is contracting at the annual rate of 0.7 per cent instead of the earlier estimate of 0.2 per cent. According to the OECD Report, (In It Together: Why Less Inequality Benefits All, May 21, 2015), income inequality in many developed countries has reached an all-time high, along with the growth of social inequality that has been accompanied by the growth of part-time and contract labour. For the OECD countries as a whole, the top 10 percent of the popula- tion owns 50 percent of the wealth, the middle 50 percent owns about 47 percent, and the bottom 40 percent owns just three percent. As the Report notes, a large portion of the increase in income inequality has occurred in the aftermath of the 2008 financial crisis. The United States is the fourth most unequal country in the OECD. In the mid-1980s, the top 10 percent of US income earners took in 11 times more than the bottom 20 percent, but in 2013, the US’s top 10 percent made 19 times more than the bottom 10 percent.