This FRIDAY FRUSTRATION = FOR BANK RETIREES ALSO wth Restrictive & Retrograde Ruling

Yesterday DHC JUdgement in LIC Case out and PENSION UPGRADATION DENIED IN TOTO, but partial relief in case of DA for past pensioners with remarkable ruling that may get bearing in future bipartites to raise MINIMUM PENSION on every wage revision.

THE RIPPLE EFFECT TO BANING SECTOR

ANOTHER NOTABLE FEATURE is THAT PENSION FUND IN LIC IS DEFINED IN JUDGEMENT AS "PAY AS YOU GO" SCHEME in contrary to GOVT. SCHEME.-  This also creates various interpretations the finality being that the pension is not a deferred wage for this class of pensioners. and the remarking is nearly equal to the last bipartite noting as "Pension a welfare measure".

 

The confusing 90 page judgement is being interpreted in many ways, judgement attached for your interpretations also.

Posting of several LIC pensioners as follows >

THE RIPPLE EFFECT TO BANKING SECTOR

= VBV  RAMESH

From: Venkataramaiah M
To: ibap-retirees@googlegroups.com 
Sent: Wednesday, 26 April 2017 10:35 AM
Subject: Re: IBAP-Retirees This THURSDAY TAMBOLA = The Game starts again per attachment

Who cares for their reports.  If the government intends to settle the demands of retirees

without these committees they can do it.

Sent from my iPad

On 14 ఏప్రి, 2017, at 6:35 [AM], Katari Satyanarayana <satyakatar@gmail.com> wrote:

Let there be a Committee set up by the GOI to look into and recommend for reforms / revision in pay/ pension structure in banking industry getting it synchronised with the 'Central Civil Services' since both IBA and UFBU had earlier failed to act equitably while drawing out Settlement/Joint Note/ Record Note (by callously introducing 'grade pay'  culling it out from total emoluments otherwise eligible for retiral benefits unilaterally to curtail legitimate  benefits of pension, gratuity,  leave encashment etc.,  and trying to define pension as a 'welfare measure' at the discretion of IBA instead of continuing to  treat it as a 'deferred wage '.)

AUM TAT SAT.

On Apr 13, 2017 23:26, "'INVES tours' via IBAP-Retirees" <ibap-retirees@googlegroups.com> wrote:

  This message is eligible for Automatic Cleanup! (ibap-retirees@googlegroups. com) Add cleanup rule | More info 

The ball going to roll for 11th Bipartite Settlemnt from 2nd May and the Charter of Demands from Award Staff Group led by AIBEA as follows:

the following charter of demand for 11th bipartite settlement is being circulated on whatsapp and emails and has been shared some whatsapp groups of employee unions.

- of which the bank retirees' interested as follows>

PENSION

*Pension is to be fixed basing on the last drawn pay or the average of the last 10 months’ pay, whichever is higher.

*All pensioners, regardless of their date of retirement, must be given the same pension uniformly, basing on their length of service, last drawn pay etc. by invoking the principle of ‘One Rank, One Pension’ (OROP).

*D.A. on pension must be revised quarterly, as in the case of ‘in service’ staff.

*Pension must be granted to those who voluntarily retired after 15 years of continuous service in a bank, as per the clarification given by Government of India and RBI.

*Pension must also be granted to those who resigned after 20 years of continuous service in a bank.

*Commutation of pension must be permitted up to 40% of the basic pension.

The AIBEA Official Circular as Follows:

ALL INDIA BANK EMPLOYEES’ ASSOCIATION

Singapore Plaza, 164 Lingi Chetty Street, Chennai 600001.

15-2-2017

CIRCULAR No. 28/4/2017/4

TO ALL UNITS AND MEMBERS:

Dear Comrades,

Charter of Demands for 11th BP Settlement submitted to IBA

he issue was discussed amongst our five workman Unions viz. AIBEA, NCBE, BEFI, INBEF, and NOBW and a broad summary of the Charter of Demands has been finalised.

Shortly, our 5 unions will meet and a full-fledged Charter of Demands containing the details of each of the demand would be finalized. In the meantime, we have submitted the Broad Summary of the Demands to the IBA today.

The demands submitted to the IBA are furnished herein for the information of all our units and members.

With greetings,

Yours comradely,

C.H. VENKATACHALAM

The broad summary of demands in respect of Retirees Interested as follows>

9. Increase in Annual Medical Aid and review for improvements in medical insurance scheme . Unilateral changes in the scheme to be withdrawn. The rate of medical Insurance after retirement to be discussed with the unions before renewal.

11. Removal of ceiling on Gratuity under the Gratuity Act.

12. Total exemption from Income tax on entire retirement benefits including Leave Encashment.

13. DA linked defined and assured pension scheme in lieu of NPS

27. Improvement in pension scheme on the lines of Government scheme on rate of pension, periodical updation, family pension, same DA for pre 2002 Nov. retirees, etc.

28. Revision in Ex Gratia Pension for pre-1986 non SBI retirees.

29. Follow up of the issues covered by Record Note dated 25-5-2015

30. Extension of medical scheme and LFC to retirees as in the case of in service employees

33. Allocation of fund Staff Welfare Schemes based on Operating profits and setting apart a portion of it for schemes for retirees

40. Settlement to be effective from 1-11-2017 for next three years

------------------------------ ------------------------------ ------------------------------ -----------

It seems AIBOC & other Officer Assns yet to formulate Charter of Demandsl

It is clear that the Award Staff Unions shown theri high handedness again by drawing up Retirees interested issues without consulation of Retiree Associations.

Having ditched in last Bipartite(signing pension as a welfare benefit & reducing pensionable basic pay by introducing special pay that not ranked for Pension - ie equalising pension with previous bipartite), now to be seen what they keeping in store for retirees again.

While AIBRF still in no mood to ponder over Charter of Demands, AIBPARC set up committees to formulate CHARTER OF DEMANDS and finalised 24 points with preamble as follows:

1 Pension Updation

2. 100% DA Neutralization

3. Family Pension

4. IBA Medical Insurance Scheme-for payment of some compensation to those retirees who joined

5. Welfare Fund for retirees

6. Extending one more option for pension to resignee

7. Extension of one more option of pension to those compulsorily retired 

8. Extension of one more option of pension to left outs

9. Sanction of PL encashment to those compulsorily retired 

10. Sanction of Compassionate allowance

11. Sanction of Gratuity to those who are facing external action after retirement

12. Retirees should be allowed to appear as defence assistants for defending the retirees

13. Provision of office space for retiree association

14. Special Allowance of X Bipartite Settlement to reckon for terminal benefits including pension 

15. Revision in Gratuity w.e.f. the date of notification by Government of India; 

16. Correction of anomaly arising out of retrospective reduction in pension revised under last settlement ; effect of commutation on revised pay should be from the actual date of Commutation and not retrospectively; 

17. Welfare funds should have percentage linkage with Operating profits of the Banks and not their net profits; 

18.Universal application of Judgements of Hon. High courts/Supreme Court of India in all identically placed retirees /employees uniformally; 

19. Interim Relief to the Retirees pending finalisation of the XIth Bi-partite settlement; 

20. Setting up structured forum of Grievance redressal for Bank Retirees at Industry and respective member Bank level; 

21. Uniform Medical Insurance scheme for Bank retirees on par with working employees/officers; 

22. Representation to Retirees on Pension Funds / Welfare Funds of member Banks; 

23. Interest free Festival advance to Retirees repayable in monthly instalments; 

24. Leave fare Travel facility to retirees once in 4 years; 

25. All other unsettled issues raised in the last charter of Demands submitted to IBA.

For details visit   http://www.aibprc.in/pdf/ circularno_18-17.pdf

=VBV Ramesh