UNITED BANK OF INDIA AN ORS. vs UNITED BANK OF INDIA RETIREES WELFARE ASSOCIATION AND ORS.

The Supreme Court upheld the High Court's decision that there should be no distinction in dearness relief rates between pre and post November 2002 retirees under the Union Bank of India (Employees') Pension Regulations, 1995. The Court emphasized that the Memorandum of Settlement dated 29.10.1993 mandated uniform dearness relief for all pensioners, aligning with the rates determined by the Reserve Bank of India. Consequently, the appeals were dismissed, affirming the High Court's ruling that all pensioners are entitled to the same dearness relief rates.