The case of the Bankers for judgment was delivered on 16/05/2018
The case of the Bankers for which judgment was delivered on 16/5/2018 has no relationship with our case.
Their
prayers seem to have been for 100% DR neutralization for pre Nov 2002
retirees instead of for equitable neutralization on par with in-service
employees.
There is also a limitation of a package for Rs 1288/- cr in the settlement including for pension.
There was no prayer for upgradation of pension.
We have rules on our Pension Rules in our favour like 55 B which are not there in Bank Pension Rules.
So
the case is not comparable with our case.So it is better not to connect
their case with ours for any purpose.Even if LIC cites it in their
arguments,we need to argue that it is not comparable.
Kind regards.
C H Mahadevan
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