ON Feb 15, 2018, the then chief justice had ruled that all banks should raise their officers’ pension. While the United Bank Limited (UBL) has been paying an increased pension to all its retirees since then, unfortunately, the same cannot be said about the Habib Bank Limited (HBL), which is in violation of Supreme Court orders.

To give a little background, all officers and assistant vice-presidents, who had completed 25 years of service and fell in the age bracket of 55 years, were retired unilaterally by the bank. I had served the bank for 28 years as AVP/RAGM, but got only peanuts in return instead of pension.

The said pension was raised to Rs8,000 from Rs3,579.33 after the court orders. However, the court had also ruled that the pension be raised by five per cent annually, which has not been honoured by the bank.

I have been approaching all government agencies concerned, HBL management and the Supreme Court, but my grievance remains unresolved.

Ahmedullah Siddiqui
Karachi

Published in Dawn, January 20th, 2021