Recently a General Secretary of an AIBPARC
affiliate stated in a Meeting : Nobody can touch our Pension. (Every
month it will be in our plates).
But last week the CHVs divulge that PENSION FUND in negative balance shatters that ear throbbing tune.
Earlier,
last year, PNB episode of withdrawing rs.2000 crores from Pension Fund
to offset Profit and Loss account also given some ripples and some or
few conscious retirees shaked. Recently, the FM calmed those shakes
and ripples with statement that Pension Fund Provisions are subject Bank
Auditors auditing (and not to worry).
According
to mediocre bank retiree thinking, whatever mischiefs or gimmicks banks
do, they have to pay Pension as per Pension Regulations that having
statutory obligations.
However,
with Govts.(whoever may be) thinking of globalisation and
liberalisation policies, consequently merging, big bank theory,
privatisation etc., what will be the future of Bank Retirees Pension
Fund and its characteristic, further to recent court rulings in 100% DA
Case, and Pension Updation Case is questionable.
TATAs are more ethical than Governments or Public Sector for welfare provisions of employees.
But
recently, Tata Steel sold their U.K. Plant and in compliance with the
purchaser's insistence dismantled the Pension Scheme by paying the
pensioners now erstwhile pensioners according to an agreed formula and
in process gained hefty profits by reverting the amounts from Pension
Fund. But it fecilitated the pensioners to join NPS like scheme of
British Pensioners and announced that the ploughed back amounts from Old
Pension Scheme will be reserved for support to the pensioners in case
of future exigencies. Will our Govt or Banks/IBA do like that???
Press Trust of India | Mumbai Last Updated at May 16, 2018 22:40 IST
"The exceptional gain was Rs 11,376 crore, which includes a non-cash gain of Rs 14077 crore on account of restructuring of UK pension scheme in the March quarter," the company said in a release.
|
Tata Steel unions urge benefits to be restored after £1.6bn profit
Staff accepted reduction in benefits as they were told alternative was insolvency
If further interested to go indepth of the issue, please visit the following sites >>>
THE
MAIN CRUX OF THE PROBLEM FOR bankRETIREES IS THE JOINT/RECORD NOTES OF
25th MAY 2015 IN WHICH IBA STRATEGIALLY GOT "PENSION IS A WELFARE
MEASURE ONLY" INCORPORATED, SURELY WITH SOME FORETHOUGHT TO VITIATE THE
PENSION SCHEME BY NOT OBLIGING THE DUE PENSION TO RETIREES UNDER PENSION
REGULATIONS.
I
ASKED AN AIBOC AFFILIATE GENERAL SECRETARY IN A GB (who also signatory
to the Joint Note) HOW YOU SIGNED THE JOINED NOTE WITH SUCH STIPULATION.
HE REPLIED THAT THE JOINT NOTE/RECORD NOTE CAME TO THEM AFTER SIGNING
BY 4 OTHER UNIONS/ASSNS. SO HE SIGNED.
THAT PAVED THE WAY FOR THE PRESENT OPEN TACTICS OF CHV AND IBA
= VBV Ramesh
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