Reg. No. : MAG(3)/NPP/391/2015-2016

JUNE - 2016

Most of employees of our Bank, State Bank of Mysore, past and present were saying 'we have heard rumours and speculations about merger of Associate Banks with State Bank of India, during last several decades. But, nothing has happened'.

But, fears of these employees, past and present have come true. Merger, rather acquisition of Associate Banks, including 'My Bank', State Bank of Mysore is not very far away. Our Bank, State Bank of Mysore, would join pages of History. Sir M Vishveswaraiah founded several institutions and industries. Many of them do not exist today. It is unfortunate and painful to note that State Bank of Mysore would also be joining that list. The end of saga of Bank of Mysore Ltd., commenced on 2nd October, 1913, is staring at us. It is Bank of Mysore Limited to State Bank of Mysore to erstwhile State Bank of Mysore. It may be an end of story which is very close to our hearts. Certainly, painful.

There were whispers during third week of May that Emergency Meeting of Boards of Directors of Associate Banks scheduled to be held on 17th May at Mumbai, would decide on merger of Associate Banks with State Bank of India. Information started trickling in and confirmation of news regarding decision of Boards of Associate Banks proposing acquisition of Associate Banks by State Bank of India. Boards of each Associate Banks met one after the other and decided to propose acquisition of Associate Banks. Thereafter, Board of State Bank of India also sought approval of the Central Government to proceed

further. Shri Arun Jaitley, Finance Minister has also declared in an interview that this decision of State Bank of India & its Associates is in accordance with government's policy. Smt.Arundhati Bhattacharya, Chairman, State Bank of India has also stated that the entire process would be completed during this Financial Year.

In the meantime, Central Cabinet has also approved

proposal of merger of Associate Banks with State

Bank of India, in principal on 15th June 2016.

In this background, our Commune assures its

members who are pensioners that payment of

Pension to Associate Bank Retirees would be in

terms of Bank Employees' Pension Regulations,

1995 and this decision followed by merger of

Associate Banks, including State Bank of Mysore

would not alter quantum of pension. Details of

post-merger scenario are awaited. It is pre-mature

to discuss benefits that may be made available to our

Bank retirees post merger. But, it is certain that some

benefits like distribution of Sweet Packets on Bank's

Foundation Day, Payment of amount under

Shradaanjali Scheme, Annual Diagnostic Charges out

of Staff Welfare Fund may not be available post

merger. Our Bank retirees are not naive to believe

that these kinds of benefits would be made available

to Associate Bank retirees, without extending these

benefits to retirees of State Bank of India also.

State Bank of Mysore Pensioners' Commune has

already initiated required measures, including

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ISSUE-02

June - 2016

ACQUISITION OF OUR BANK BY STATE BANK OF INDIA

2

submitted memorandum to Hon'ble Prime Minister,

on line. State Bank of Mysore Pensioners' Commune,

thanks every one of them.

Members of our Commune, lead by Secretary our of

Commune Shri Dharanendra Kumar, submitted a

memorandum to Hon'ble Central Minister,

Smt.Maneka Gandhi at Tumkur on 16th June, 2016, as

directed by AIBRF. Shri Koppal Nagaraj, former

Treasurer of AIBOC facilitated submission of this

memorandum. Our Commune is also

Members of SBMPC are requested to provide details

of medical Insurance claims pending with Medi

Assist (TPA) for a period in excess of one month.

Please provide,

Amount Claimed, Details of

expenditure incurred. This helps functionaries of

SBMPC to follow up such long pending claims.

Members are requested to either Email details to

sbmpensioners@gmail.com or by letters to SBMPC.

Enclosing a cancelled Cheque leaf to claim

documents would help in expediting claim

settlement process. It is found that many claims,

though sanctioned, have not been disbursed, on

account of correct and complete details of accounts

to which claim amount needs to be credited.

In most of the cases, details of spouse are uploaded.

One can download E-cards through

https://ecard.medibuddy.in. If any of the members

find that details of their spouse are not available or

find any error in Name/s or Date/s of Birth, they are

urged to send Email to cmird@sbm.co.in or letter

addressed to the Chief Manager, IR Department,

making

arrangements for submission of Memorandum to

various Central Ministers/ Members of Parliament.

Medical Insurance

Medi Assist ID, Type of Claim

(Reimbursement of Hospita-lisation expenses/ Day

Care (for treatment such as Cataract, Dialysis,

Chemo Therapy, etc.)/ Domiciliary Treatment/

Hospitalisation, etc.)), Date of submission of claim,

Details of Claim Number, Response, if any, from

Medi Assist, etc,

uniting all retirees and their organisations in

Associate Banks. In the meantime, every functionary

of State Bank of Mysore Pensioners' Commune

assures every possible measure for improvement.

Over the years, our State Bank of Mysore Pensioners'

Commune would be the only place for congregation

of those who are/were a part of this great Institution.

Shri N Krishnamachari is new Managing Director of

State Bank of Mysore. He assumed charge on the

30th May, 2016. He was Deputy Managing Director

and Chief Operating Officer in State Bank of India,

before his appointment as Managing Director of our

Bank. Functionaries of our Commune under the

leadership of General Secretary, Shri C N Prasad,

welcomed Shri N Krishnamachari to our Bank and

conveyed best wishes on behalf of every member of

our Commune. Perhaps, he would be the last

Managing Director of our Bank, if our Bank is merged

with State Bank of India. Previous Managing Director,

Shri Sharad Sharma retired from the services on the

30th April, 2016.

Apex Organisation of SBM Pensioners' Commune, All

India Bank Retirees' Federation is taking lead in

launching various agitation programs during last five

years pressing for various benefits to Bank Retirees of

the Country. With a view to implement directions at

Thrissur Conference, i.e 'We shall Struggle and We

shall Achieve', it was decided to launch two

programs during the month of May. They are online

submission of memorandum to our Prime Minister

by over 10,000 Bank Retirees and submission of

Memorandum to Members of Parliament, requesting

them to take up Bank Retirees issues with the

Government.

Over 19,000 Bank Retirees including 400 members of

our Commune have responded to the Call and

Shri N Krishnamachari is our new

Managing Director :

Agitation by Apex Organisation, AIBRF :

June - 2016

State Bank of Mysore, Head Office, K G Road,

Bangalore - 560 009.

Medi Assist ID/E-cards of our members have been

received at our Office. Arrangements are being

made to send laminated ID Cards along with a Hand

Book to address of members of SBMPC, in respect of

Cards not collected at our Office. ID Cards of those

who are residing in Mysore and Tumkur Districts are

also being disbursed at these places.

It is suggested that photo copies of these cards are

taken and keep them at different places in their

residences, so that other members of family can lay

their hands immediately in case of emergency.

Please note to keep members of family informed

about details of Medical Insurance and place where

these ID cards are placed. Those who are using Smart

Phones or Phones with Camera are urged to take

photographs of these Cards and store them in their

Mobile Phones. This would be sufficient to get

Medical Insurance facility. Our Commune has

already sent SMS informing MA-ID of Self and

Spouse.

Those who are claiming Medical Insurance are urged

to send claims directly to the following Address of

Medi Assist.

Pension for the month of April was not credited in

respect of several pensioners of our Bank on the 1st

May, 2016. It is alleged that they have not submitted

Life Certificate/s. But, many of them claim that they

have submitted Life Certificate. But, they do not have

any document to indicate submission of Life

Certificates by them. It is unfortunate that no

Medi Assist India Pvt. Ltd.,Tower D, 4th Floor, IBC

Knowledge Park, 4/1 Bannerghatta Road, Bhavani

Nagar, Bengaluru, Karnataka 560029

It is suggested that E mail ID is provided at the time of

claim, as Medi Assist advises claimants about details

of processing of claims.

Life Certificate

acknowledgement has been obtained by our Bank

Pensioners, despite clear advice to obtain

acknowledgement, whi le submitt ing L i fe

Certificates. Henceforth, every member is requested

to obtain acknowle-dgement on submission of any

document to the Bank, including Life Certificates.

This would strengthen the hands of our Commune to

take the cause of such affected members. Our

members, who have not submitted Life Certificates,

yet, are requested to submit immediately.

Some of retirees of our Bank have reported several

problems faced by them at our Bank Branches. Our

Bank has extended several benefits to our Bank

retirees. They are entitled to such benefits, as a right.

They are also High Value Customers of our Bank. But,

it is unfortunate that some Officials at Bank Branches

take whimsical decisions of denying such legitimate

benefits. In some cases, retirees were also abused.

In case, retirees of our Bank face any such problem,

they are advised to inform functionaries of our

Commune, in writing. Our Commune would be in

forefront to secure such legitimate benefits and does

not hesitate launching of agitation in front of such

Branches of our Bank, in the presence of media.

Associate Banks of State Bank of India have denied

notional addition of five years of service as available

under Regulation 29 of Pension Regulations to those

who retired under VRS – 2001.

General Secretary of our Commune, on behalf of

Coordination Committee of Retirees' Organisation in

Associate Banks, as Convenor, brought this problem

to the notice of the Chairman, State Bank of India and

other Top Executives of State Bank of India and our

Bank, in the Annual General Meeting of our Bank held

on the 31st May, 2016. A memorandum was also

presented to the Madam Chairman regarding this

issue on that day. Now, this issue is under active

consideration.

Treatment at Branches

VRS – 2001 5 Years Case

3 June - 2016

Further, Coordination Committee of Retirees'

Organisation in Associate Banks has also taken up this

issue by raising following grounds :

a. Pension or Pension option has been extended

to those who retired under VRS – 2001 after

serving for more than 15 years, but less than 20

years, even though they were also informed

about non-extension of Pension benefit to

them, like 5 years benefit as available under

Regulation 29 ;

b. State Bank of Mysore has taken a stand that

issues raised in Civil Appeal 5195/2010 filed by

Vijaya Bank and issues raised by State Bank of

Mysore in respect of this 5 years issue are

identical. Hon'ble Supreme Court has ordered

payment of pension under Regulation 29, along

with interest to those who retired under VRS –

2001 from Allahabad Bank. Civil Appeals filed

by Allahabad Bank were also heard along with

Civil Appeal 5195/2010.

c. Hon'ble Supreme Court has also ordered

payment of pension under Regulation 29 to

those who retired under VRS – 2001 after

serving more than 19 Yrs & 6 Months, in State

Bank of Patiala Vs Pritam Singh Bedi & Ors.

In view of these developments, Our Commune is

confident of positive outcome of these efforts.

In the meantime, Special Leave Petition filed by our

Bank is likely to be listed on the 8th July, 2016 before

Hon'ble Supreme Court.

Our Bank has disbursed pension alongwith arrears to

all eligible retirees, after extending to Pension option

in terms of Memorandum of Settlement dated

27.04.2010. Arrears were paid from 27.11.2009 to

those who were PF optees and from the date of

retirement to those who were Pension optees.

Pension/Pension option to those who

retired under SBMVRS & Exit Policy :

Our Commune had requested these retirees to

donate liberally. We are happy to place on record our

appreciation to our members who have answered

our Call and donated liberally.

Bank Retirees' Forum, Tumkur was formed in the year

2005. Bank Retirees staying in Tumkur District are its

members. Now, this Forum has over 200 members.

Our Bank retirees took a lead role in formation of this

forum. Shri Dharanendra Kumar, Secretary of our

Commune is the founder President of this Forum. In

its meeting held on the 23rd April, 2016, Shri

Dharanendra Kumar, Smt G Sharadamma, Shri K

Mahesh Chandra and Shri Somashekar are elected as

President, Vice President, Secretary and Treasurer

respectively. Every Office Bearer is member of our

Commune and election of our members to every post

demonstrates faith of Bank retirees of Tumkur

District in the ability, acceptance and leadership

qualities of members of State Bank of Mysore

Pensioners' Commune.

The award is instituted to honour those achievers in

recognition of their creative and constructive work

and in appreciation of their accomplishments in their

respective and chosen field of service. The

Aryabhata award is given to the people who have

excelled in various fields like Banking, Industry, Art,

Science, Music and Entertainment. Every year

Aryabhata Institution identifies the achievers from all

over the world. This year our member and Director

of our Bank, Dr.K Lakshmisha has been awarded with

Aryabhata Award for his contribution to Banking. He

is the first from Mysore Bank family to receive this

award. Members of State Bank of Mysore Pensioners'

Commune congratulate Dr.K Lakshmisha on receipt

of this Award. Dr.K Lakshmisha, you have made each

one of Mysore Bank family, proud.

Bank Retirees' Forum, Tumkur

Dr Lakshmisha wins Aryabhata Award :

4 June - 2016

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Renewal of Deposits :

Helpage Loan improvement :

Interest Rate on Deposits in State Bank of India is

lesser by 0.50%. Additional rate of interest payable to

Senior Citizens in State Bank of India is lesser by

0.15%. Therefore, it is suggested that our members,

whose deposits are due for renewal in near future

close these deposits prematurely and renew for a

longer period, before completion of merger process,

to take advantage of higher rate of interest in our

Bank.

Our Bank has improved Helpage Loan which is

available to Pensioners, who are customers of our

Bank. Our Bank has enhanced the ceiling on Limit to

Rs.5.00 lakhs, number of months of Pension to fifteen

and has reduced the interest rate to 13%. Our

Commune has requested reduction in Interest rate,

as applicable to loans under Express Credit Scheme.

our commune is confident of improving this scheme

for its members.

CONTACT DETAILS OF OUR COMMUNE :

Please call on our Office Land Line only for any change in Contact Number and/or address as our Commune is finding difficulty in incorporating information provided to functionaries

Email ID : sbmpensioners@gmail.com

Website : www.sbmpensioners.in

Face Book : sbm.pensioners, Post Box No.: 9738

Email Group : sbmpensioners@googlegroups.com

Phone Nos.: 22353901 Extension 427President : N. Jagannathan - Mob : 97312 18159

General Secretary : C. N. Prasad - Mob : 97400 72620

Members of our Commune are requested to send their Employee number and name by Email to our Commune's Email ID if their Email ID is not yet included in Commune's google group.

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Membership of our Commune :

Members of State Bank of Mysore Pensioners'

Commune are urged to participate in Mission 90

program of bringing in 90% of retirees of our Bank

into our Commune's fold. Currently, we have over

80% of retirees as our members. Adding 1000

members during the year 2016 is also one of the

means of succeeding in Mission 90. Further, every

retiree of our Bank becoming a member of our

Commune would go a long way in strengthening our

Commune, especially in post merger situation. Each

one Bring one makes this mission a success. Yes, it is

achievable.

Our Commune has added 56, 47, 55 and 109

members during the months of February, March,

April and May 2016 respectively. Total number of

members added during these four months is 267.

Out of this, 127 are Retired officers (Feb : 25, Mar : 22,

Apr : 27 and May : 53). We are confident of adding

more than 500 members during first six months of

this year, i.e during the period January - June, 2016.

June - 2016

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Grant of membership to employee of Banking

Institution acquired by or amalgamated with

the Bank :

Notwithstanding anything contained in

regulation 7 and regulation 8, in the event of the

Bank acquiring the business of any banking

institution under section 35 of the Act or in the

event of amalgamation of any banking

institution with the Bank under the Banking

Regulation Act, 1949 or any other law for the

time being in force -

(a) the employees of the banking institution

who have, pursuant to such acquisition or

amalgamation become permanent

employees of the Bank, shall become

members of the Fund as per these

regulations, if the Central Board of the

Bank decides to make them members of

the Fund; of the Fund as per these

regulations, as may be determined by the

Central Board of the Bank such members shall

be eligible for pension in conformity with the

rules, regulations of such banking institution

(Extracted from State Bank of India Employees’ Pension Fund Regulations, 2014 notified on 18th Sep. 2014)

Pension Regulations in State Bank of India applicable to our Bank Pensioners after Merger of our Bank with State Bank of India

by which they were governed and under which

they were entitled for pensionary benefits

prior to the date of such acquisition or

amalgamation and the scheme of acquisition

or amalgamation.

(b) the employees of the banking institution who have retired prior to such acquisition or amalgamation and who are entitled to benefit of pension, including enhancements and family pension, if any, shall become members

(c) the employees of the banking institution who have retired, prior to such acquisition or amalgamation, and who have become entitled to benefit of pension as a result of any settlement, industry level or otherwise, shall become members of the Fund, as per these regulations, as may be determined by the Central Board of the Bank in conformity with the settlement or the rules, regulations or the scheme of acquisition or amalgamation of such banking institution, under which they were governed and were or have become entitled for benefit of pension, prior to the date of such acquisition or amalgamation.

Members of Commune presenting memorandum to Smt. Maneka Gandhi Hon’ble Central Minister

Members of Commune Welcoming our Bank’s New Managing Director Shri N Krishnamachari

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June - 2016

Reg. No. : MAG(3)/NPP/391/2015-2016

DONATIONOur commune is appealing its members to donate to Commune by way of standing

instructions liberally. To enable members to give standing instructions,

Account Details of Commune are as under :

SB A/c. No. : 64094412180 with State Bank of Mysore, Bangalore Branch

One Pension, One Regulations, One designation and One Organisation.

Please become a member of State Bank of Mysore Pensioners' Commune if your not one

THE TARIFF IS AS UNDER :

Back Cover Page : Rs.7,500/- (For one year – 12 issues : Rs.75,000/-)

Full Page : Rs.4,000/- (For one year – 12 issues : Rs.40,000/-)

Half Page : Rs.2,500/- (For one year – 12 issues : Rs.30,000/-)

Quarter Page : Rs.1,500/- (For one year – 12 issues : Rs.15,000/-)

Two Line strip : Rs.1,000/- (For one year – 12 issues : Rs.10,000/-)

Members of commune are requested to make use of this opportunity by bringing more and more Advisements to strengthen our State Bank of Mysore Pensioners' Commune.