HOW RETIRED BANKERS HAVE BEEN CHEATED
"Till last month, the circulars of UFBU and the statements of leaders upto end of April 2015, indicated as if they are hotly pursuing with IBA for settling certain demand of retired bankers. UFBU have already resisted any attempt by Retiree Associations get involved in the negotiation talks as they viewed it as part of the negotiations. Till 9th BPS also, the pension issue for the retired bankers was part of the negotiations, and thus everybody was hoping that leaders will be taking up the issue of retired bankers once they have concluded broadly the negotiations for the serving bankers. For last one week or so, retired bankers started getting feedback as if UFBU has withdrawn itself for taking up the issues of the retired bankers. It was too late for the retired bankers to understand and react to this volte face by UFBU in connivance with IBA.
Along with the Joint Note, they have released a Record Note of Discussions with IBA on the issues relating to Retired Bankers. We place below the copy of the record note* for the benefit of all our retired colleagues so that they know exactly how they have cheated them:-"
[*POSTED IN THIS BLOG YESTERDAY]
TheRecord NOTE is a document which will be
remembered for long time as Cheating Document by IBA and
UFBU. In the said document IBA has introduced a new concept
of "contractual relationship does not exist between banks and
retirees". The periodic wage revision exercise based on
mandate from member banks cover only wages and service conditions of serving
employees.
After reading the above I was wondering what was
the contractual relationship between retirees and banks when in the 9th BPS,
2nd pension option was given to retired bankers. What was the
relationship between retirees and banks when pension option was extended from
1986 to benefit and please certain leaders of that period?
I feel the above argument will not stand the scrutiny of any
Court. On the same pretext, we can conclude that the relationship
between retired central government employees and government comes to end on the
day the person has retired. Then why does every CPC gives number of
benefits to central government employees. The pension matters in
that case should not be part of the CPC. I am of the firm view that
this is one more method to harass the retired bankers and deprive them their
due benefits and leave them to the mercy of Courts where they need to spend lot
of money and energy - which most of the senior retired bankers do not have.
The above is a shocking case of colluding between UFBU and
IBA and ensure that retired bankers are left to fend for themselves. Now
it is becoming clear as to why CHV was so threatening towards retired bankers
association letter as he wanted to prepare ground for washing his hands from
the issues relating to retired bankers.
With greetings,
C H Mahadevan
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