Monday, October 1, 2012

Pension to resigned employees - Impact of RBEWA communincation

Following communique is received from Shri R.K. Pathak, President, RBEWA (Resigned Bank Employees Welfare Association). 
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The issue of pension option to left over retirees was actively taken by RBEWA with DFS & IBA Mumbai.

The issue was taken up vide our letter dated 27/07/2012 addressed to DFS with copy yo IBA. ( click here to view PDF file :- Pension option to Resignees

On 25/07/2012, DFS advised IBA to remove the word " Superannuation " from its circular dated 10/08/2010 and advise member banks accordingly.

In view of experience of working of IBA, RBEWA, cautioned IBA to interpret the agreement positively vide our communication dated 4/08/2012. ( Click here to view Unresolved Pension issues). The copy of the communication was mailed to IBA on 4/8/2012.

IBA didnot acknowledge  the communication but certainly took its cognizance and sent communication to DFS vide their letter dated 6/8/2012. Unfortunately we do not have the copy of the said communication at present but its contents can be ascertained from the communication of Mr. Harvindar Singh , General Secretary of ALL INDIA NATIONALISED BANK OFFICERS’ FEDERATION dated 19/09/2012 addressed to DFS. ( Click here to view the letter )

Mr. Harvindar Singh had precisely made submission to DFS highlighting how the issue can be resolved without modifying the agreement.
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1 comment:

  1. It is surprising that when the next BP settlement is nearing, the unions are negotiating ( as it appears from correspondence with IBA) for 2nd. option to resignees & VRS only instead of for all categories of left over retirees. I pray to them on behalf of others not to specify any category in their letters but insist upon left-overs who are otherwise eligible for pension as per original pension regulations. Great hopes on them to avoid litigation individually. Regards. Request others to add their views.

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