You are aware that during the year 2010, when another option for pension was
extended to past retirees who missed the same earlier, such an option was
denied to those employees who were compulsorily retired from the bank’s service.
Aggrieved by the denial of pension option, such compulsorily retired employees
belonging to Canara Bank joined together and filed Writ Petitions in Karnataka
High Court and also in Madras High Court as a last resort. Similarly, compulsorily
retired employees from Andhra Bank had sought judicial remedy by filing Writ
Petitions before Andhra Pradesh High Court.
While Writ Petitions of Canara Bank retirees are still pending before the respective
High Courts in different stages, retirees from Andhra Bank succeeded in their
efforts for getting pension option at the level of Honorable Andhra Pradesh High
Court. However, against these judgments, the management of Andhra Bank filed
Special Leave Petitions before Supreme Court Viz: {SLP(C) No. 35389/2013
Andhra Bank & Ors. Vs Y.Shivaji & another SLP (C) No.35449/2013 Andhra Bank
& Others Vs Sreeram Murthy} against the order of Division Bench of Andhra
Pradesh High Court allowing Pension to Compulsorily Retired Employees.
We are happy to inform that upon hearing the matter in the Supreme Court on
05.09.2014, Hon’ble Mr.Justice S.J.Mukhopadhaya & Hon’ble Mr.Justice Prafulla
Chandra Pant passed an Order dismissing above SLPs filed by the Andhra Bank
management. As a sequel to this order of the Apex Court, all compulsorily retired
bank employees will be eligible for another pension option which was denied
earlier.
While we heartily congratulate such compulsorily retired Andhra Bank retirees for
their perseverance in seeking justice, we have requested our National
Organisation, All India Bank Retirees’ Federation (AIBRF) to take up the matter
with appropriate authorities organisationally for extending pension option to all
the compulsorily retired employees of all the banks. We will keep you informed of
further developments in this regard in due course. With Greetings,
Yours Sincerely
ALL INDIA CANARA BANK RETIREES’ FEDERATION