The blog deals with the issues regarding the retired bank employees who have opted for pension.
IN MY HUMBLE VIEW THE MEETING OF LEADERS OF 4 OFFICERS ORGANISATIONS WITH THE CHAIRMAN OF IBA TO BE HELD ON 11.03.2010 MAY NOT YIELD ANY FAVOURABLE RESULT.THE REASON IS VERY SIMPLE.THE CHAIRMAN OF IBA IS NOT EMPOWERED WITH ANY SPECIAL POWERS.IN ALL PROBABILITY HE MAY REPEAT THE SAME STORY OF THE SECRETARY OF IBA.FURTHER THE OFFICERS ASSOCIATIONS ARE DIVIDED AIBOA VS AIBOC AND WITHIN AIBOC OFFICERS OF SBI VS OTHER BANKS .THE REAL BOSS IS GOVERNMENT.HAVING AGREED ON 17.5% WAGE RISE AND SECOND OPTION OF PENSION WITH 30% LOAD SHARING THE UFBU CAN HOPE TO ACHIEVE LITTLE OR NOTHING EVEN IF THEY MEET OFFICIALS OF FINANCE MINISTRY .TO COVER UP THEIR INEFICIENCY THE UFBU AGAIN WILL COME WITH THE SAME TYPE OF STATEMENT-THE UFBU HAD A MEETING WITH THE CHAIRMAN OF IBA-HOWEVER STILL SEVERAL MATTERS ARE TO BE DISCUSSED-THERE IS NO CONSENSUS ON IMPORTANT ASPECTS LIKE SALARY RISE,DATE OF PENSION ,PENSION COST ETC.IBA STICKS TO ITS ORIGINAL STAND.FURTHER DEVELOPMENTS WILL BE INFORMED IN DUE COURSE.AS FOR THE CADRES ARE CONCERNED AGAIN THEY HAVE TO WAIT FOR ANOTHER MEETING AND ANOTHER STORY- R.JAYARAM
I fully agree with the views what Mr Jayaram wrote in his comment.Existing employees as well as retired non pensioner employees become frustrated and do not find any hope for a better settlement in near future as IBA sticks to its original stand.
Yes, something is cooking up inside UFBU in the pension issue, they are not coming out openly. We pray for the good.
PENSION SHOULD BE GIVEN FROM THE DATE OF RETIREMENT TO OFFICERS NOW OPTING FOR PENSION.THE MANAGMENT HAS RIGHT TO RECOVER PF AND INTEREST THEREUPON FROM THE DATE OF RETIREMENT. THIS IS THE SIMPLE FORMULA. INCASE IBA DOES NOT AGREE, CALL FOR INDEFINITE STRIKE SHOULD BE GIVEN