Our AOR Mr. Garg to mention before Justice J. K. Maheshwari tomorrow (10.2.26) for early hearing keeping it on top of the board.
Our AOR Mr. Garg to mention before Justice J. K. Maheshwari tomorrow (10.2.26) for early hearing keeping it on top of the board. S. K. Awasthi Gen Secy.
2 comments:
Anonymous
said...
Why AIIEA and AIBEA are unable to get pension upgradation for more than two decades? AI Mode: The delay in pension upgradation for members of the All India Insurance Employees Association (AIIEA) and the All India Bank Employees' Association (AIBEA) is primarily due to financial concerns, legal disputes, and specific negotiation outcomes. The following factors have contributed to the stalemate over the last two decades: 1. Financial Constraints and "Ability to Pay" Cost Burden: The Indian Banks' Association (IBA) and bank managements have consistently argued that the financial burden of pension revision is too high for public sector banks to absorb. Pension Fund Deficits: Some union leaders have cited "negative corpus" in the Pension Trust Funds as a barrier to upward revision, though this is contested by various retiree groups. 2. Legal Stalemate (Sub Judice Status) Ongoing Court Cases: Major cases, such as the M.C. Singla vs. IBA & GOI case in the Supreme Court, have been pending for years. IBA’s Defense: The IBA has filed affidavits claiming there is no provision for automatic updation and that banks cannot afford it, often using the sub judice status of these cases to delay further negotiations. 3. Negotiation Outcomes and "Ex-Gratia" Payments 12th Bipartite Settlement: In recent negotiations (2023–2024), instead of full pension updation, a monthly ex-gratia payment was agreed upon for certain retirees. Divide Among Unions: Some retiree organizations accuse active employee unions like AIBEA and the United Forum of Bank Unions (UFBU) of focusing more on serving employees and surrendering on the demand for pension updation in exchange for other benefits. 4. Comparison with Other Sectors Parity Issues: While RBI and NABARD retirees recently received pension enhancements (e.g., a 10% hike on basic pension plus dearness relief), similar benefits have not been extended to LIC or PSU bank retirees. Regulation Differences: Retiree groups argue that Bank Employees' Pension Regulation 35(1) provides a legal right to updation similar to the Central Government and RBI models, but the government and IBA have resisted this interpretation. 5. Lack of Consultative Status Exclusion of Retiree Bodies: The IBA generally negotiates with unions representing serving employees (like AIBEA). Retiree organizations, which represent the actual beneficiaries, often lack a seat at the table to advocate directly for their needs.
Selfish In-Service TUs will not allow retirees to benefit as their past history of many decades shows thinking retirees are deadwood which is not useful to them.
2 comments:
Why AIIEA and AIBEA are unable to get pension upgradation for more than two decades? AI Mode: The delay in pension upgradation for members of the All India Insurance Employees Association (AIIEA) and the All India Bank Employees' Association (AIBEA) is primarily due to financial concerns, legal disputes, and specific negotiation outcomes.
The following factors have contributed to the stalemate over the last two decades:
1. Financial Constraints and "Ability to Pay"
Cost Burden: The Indian Banks' Association (IBA) and bank managements have consistently argued that the financial burden of pension revision is too high for public sector banks to absorb.
Pension Fund Deficits: Some union leaders have cited "negative corpus" in the Pension Trust Funds as a barrier to upward revision, though this is contested by various retiree groups.
2. Legal Stalemate (Sub Judice Status)
Ongoing Court Cases: Major cases, such as the M.C. Singla vs. IBA & GOI case in the Supreme Court, have been pending for years.
IBA’s Defense: The IBA has filed affidavits claiming there is no provision for automatic updation and that banks cannot afford it, often using the sub judice status of these cases to delay further negotiations.
3. Negotiation Outcomes and "Ex-Gratia" Payments
12th Bipartite Settlement: In recent negotiations (2023–2024), instead of full pension updation, a monthly ex-gratia payment was agreed upon for certain retirees.
Divide Among Unions: Some retiree organizations accuse active employee unions like AIBEA and the United Forum of Bank Unions (UFBU) of focusing more on serving employees and surrendering on the demand for pension updation in exchange for other benefits.
4. Comparison with Other Sectors
Parity Issues: While RBI and NABARD retirees recently received pension enhancements (e.g., a 10% hike on basic pension plus dearness relief), similar benefits have not been extended to LIC or PSU bank retirees.
Regulation Differences: Retiree groups argue that Bank Employees' Pension Regulation 35(1) provides a legal right to updation similar to the Central Government and RBI models, but the government and IBA have resisted this interpretation.
5. Lack of Consultative Status
Exclusion of Retiree Bodies: The IBA generally negotiates with unions representing serving employees (like AIBEA). Retiree organizations, which represent the actual beneficiaries, often lack a seat at the table to advocate directly for their needs.
Selfish In-Service TUs will not allow retirees to benefit as their past history of many decades shows thinking retirees are deadwood which is not useful to them.
Post a Comment