Sunday, March 16, 2014

Bipartite talks between IBA and UFBU held on 13th March 2014 - Pension related issues.



 Bipartite talks were held between IBA and UBFU on 13th March 2014, at Mumbai. Pension related issues were also discussed in the meeting. UBFU has issued a circular regarding the bipartite talks. Contents from the UFBU circular pertaining to the pension issues are reproduced below.

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 On our demand for improvement in the Family Pension scheme, extension of 100% DA formula to pre-2002 pensioners, etc., IBA was considerate and agreed to work out the cost implications to enable them to take a view on these demands.  To our demand on periodical updation of pension on occasions of wage revision, IBA felt that the issue has to be examined, in its entirety, looking at the cost involved, outflow, etc. On reverting to old pension scheme from NPS, IBA expressed their inability to accede to our demand but we reiterated the same.

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Saturday, March 8, 2014

Dharana Program at Jantar Mantar , Delhi organised by AIBRF

All India Bank Retirees Federation (AIBRF) had organized Dharana Program at Jantar Mantar, New Delhi on 7th March 2014, for following long pending demands of Bank retirees. 

 * UNIFORM DA TO ALL PENSIONERS
 * UPDATION OF BASIC PENSION OF PAST RETIREES
 * IMROVEMENT IN FAMILY PENSION ON THE LINES OF RBI
 * ANOTHER PENSION OPTION TO LEFT OUT RETIREES
 * UNIFORM  HOSPITALISATION SCHEME TO ALL BANK       

    RETIREES  
 * CONSULTATION WITH THE RETIREES ON THEIR   
    ISSUES   

According to a source there was a massive turnout at the rally. Bank Retirees from all over India and  from Delhi in particular participated in the program.  Hon MPs Shri Gurudas Dasgupta and Shri D. Raja were present at the rally , assuring their fullest support  to  bank pensioners in their struggle.

Click here to view press release by AIBRF 





Friday, January 31, 2014

Increase in .D.A. w.e.f. Feb 2014 - 73 slabs more

D.A. Rates for Pensioners (%) – 73 Slabs more

Retired prior to 01-11-1994 - 1225 Slabs over 600 points
Upto 1250    1251-2000    2001-2130    Above 2130
820.75%        673.75%      404.25%         208.25%
After 01-11-1992 upto 31-03-1998 - 1088 Slabs over 1148 points
Upto 2400    2401-3850    3851-4100    Above 4100
380.80%        315.52%      184.96%         97.92%
After 01-04-1998 upto 31-10-2002 - 954 Slabs over 1684 points
Upto 3550    3551-5650    5651-6010    Above 6010
228.96%        190.80%      114.48%          57.24%
Retired on or after  1-11-2002 - 803 Slabs over 2288 points
For the entire Basic Pension Amount    144.54%
Retired on or after  1-11-2007 - 666 Slabs over 2836 points
For the entire Basic Pension Amount    99.90%

D.A calculator is available for calculating revised D.A. and difference. For calculating D.A , enter basic ( original basic without reducing commutation amount) and click on the calculate button. Revised D.A , Present D.A. and difference will be displayed on the calculator. Select appropriate retirement date range according to the date of retirement.
 
Click on the following link for  D A Calculator. 
  
D.A. Calculator



Wednesday, January 29, 2014

Negotiations with IBA failed - Two days strike on 10th & 11th Feb 2014

Negotiations held between UFBU and IBA  held on 27 th Jan 2014 failed,  as  IBA improved their offer by .50% (i.e.10 % instead of earlier offer of 9.50%) .  The final offer of 10% is  on payslip component excluding superannuation and other costs.  The reason once again cited for this lower offer was the stress on the balance sheets of  various  banks.  UFBU rejected the offer made by IBA instantly. Immediately in the meeting of constituents,  UBFU decided to go on strike on 10th and 11th Feb 2014 and served strike notice on IBA.

Source : AIBOC website



Monday, January 27, 2014

FINALLY VIJAYA BANK CREDITS PENSION TO PETITIONER RESIGNEES ACCOUNT - A meeting of Bank Resignees is scheduled at Banglore on 03/02/2014

A communique received from Shri R.K. Pathak, President , Resigned Bank Employees Welfare Association (RBEWA), is reproduced below.




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FINALLY VIJAYA BANK CREDITS PENSION TO PETITIONER RESIGNEES ACCOUNT

On Saturday late on 25/01/2014, Vijaya Bank credited Pension to 21 petitioner resignees and still one of the petitioner is yet to get his account credited as he expired in accident in August 2013 & HRD of the Vijaya Bank is in dilemma to settle his claim.

It is expected NOW at least, management will take good decision to grant pension with commutation as on 27/11/2009 & arrears till August 2013 & there after family Pension. Let us wait & hope Bank will resolve the issue in couple of days.

To discuss the issue of pension to Resignee Petitioners, Board of Directors had its meeting on 28/12/2013, both the Directors (Workman as well as Officer) insisted for extending the pension option to all employees whose option was declined by referring clause No.7 of the circular No 10191 dated 07/09/2010. But the so called Guardian Directors of AUTONOMUS BODY refused to extend pension option to other than petitioner resignees by pointing figures towards IBA.

It is also understood that in Vijaya Bank still 90 employees having qualifying service of more than 20 years were denied pension option by referring clause No.7 of the circular No 10191 dated 07/09/2010.

In order help the resignees to get pension option, a meeting of Bank Resignees is scheduled at Banglore on 03/02/2014 to chalk out action plan & fortunately Bank Retirees Organisation too are extending their support for this meeting.

In the past too, Retirees organization, Retirees Forum of Bank of Maharsahtra & All India Bank Pensioners & Retirees Confederation had extended the financial support to Petitioner Resignees.

The Resigned Employees of Public Sector Bank with qualifying service, for more details, may please contact R K Pathak on his cell no.09373053695 or at his email id advpathak10@gmail.com

The Resignees resident of Karnataka state for their own interest are invited for meeting. 
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