Wednesday, January 27, 2016

Minister of State For Finance advises MOF and IBA to call tripatite meeting on retirees issues

Mr.Jayant Sinha Minister Of State for Finance  advised IBA and Finance Ministry to call for immediate tripartite meeting of IBA, UFBU and Retired Bank Employees Organisations.We reproduce below a post from bankpensioner google group.
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Meeting with Minister of State For Finance

On 19 01 2016. a delegation of Forum of Retired Bank Employees (FORBE) led by veteran trade union leader Mr.K N L Rao, Founder President of Canara Bank Retired Employees Organisation (CBREO) met Mr. Jayant Sinha, Honourable Minister of State for Finance in his home office. The delegation included other prime office bearers of FORBE. The meeting took place at the initiative of FORBE. The delegation included M/s. M D Deshpande, President FORBE, Mankeshwar, S V Chowdhary, Vice Presidents Tatte, EC Member, Sharad Sathe, Vice President CBREO, A N Madhusudan, General Secretary CBREO, D K Badarinath, Office Secretary CBREO.

A memorandum was submitted to the hon’ble minister on behalf of Forum, wherein, some of the major issues relating to retired employees of public sector banks which require the intervention of Finance Ministry, Banking Division were detailed. The meeting was attended by the members of the delegation, Mr. Mohan V Tankasale, Chief Executive Officer of IBA and some of the officials of finance ministry.

The memorandum submitted to the Honourable minister contained the details of the following areas:

01. 100% DA Neutralization of those retired prior to   
      01.11.2002.
02. Updation of Family Pension.
03. Revision in Ex-Gratia to those who retired before 
      01.01.1986.
04. One more option of pension to those who had resigned
      from service and to CRS officers
05. Regular revision of basic pension along with wage 
      revision.
06. Interpretation and implementation of Regulation 56 of 
      Bank Employees Pension Regulations 1995.
07. Implementation of Regulation 26 of Bank Employees 
      Pension Regulation 1995.
08. Incorrect fitment of pay after promotion resulting in 
      reduction of pay.
09. Denial of one additional stagnation increment to those   
     who were in service as on 01.11.2012 and retired before 
     01.05.2015.
10. Representation of Retirees’ Organizations’ in bi-partite 
      talks with IBA.
11. Bringing Indian Banks’ Association under Right to 
      Information Act 2005.
12. Accountability and fixing of responsibility of Indian Banks’
     Association as it is a representative of managements of  
     various banks
13. Anomalies in Medical Insurance scheme by the service 
      providers by their unilateral action.

Mr. K N L Rao initiated the talks and highlighted several issues affecting the retired bank employees, including 100% neutralization, revision of basic pension, medical insurance and others.

Honourable Minister, Mr.Jayant Sinha gave a patient hearing to the delegation. Later he informed the delegation, the constraints being faced by the public sector banks and also the government to meet the demands of the retired bank employees. He wanted to know the cost outgo from the banks, if all the demands of the Forum are to be met by IBA / Government. The members of the delegation brought to the notice of the minister that all the issues covered in the memorandum does not include cost outgo and that there are several issues which are non monetary in nature. They also informed the minister and other officials that the pension fund in all the public sector banks is quite robust and does not need support from government to meet the expenses towards 100% neutralization and / or revision of family pension.

Other major issue discussed was medical insurance for retired employees formulated by IBA. One of the service providers M/s. United India Insurance company have withdrawn some of the services already agreed upon by them, after getting the premium amount from the retired employees. The glaring example is denial of coverage to domiciliary treatment and non coverage of existing diseases, while the same are covered in the scheme formulated by IBA. This has caused frustration amongst the retired employees who have opted for the insurance scheme.

Another issue was that the Umbrella organisations of retired bank employees have not been invited by IBA while negotiating the wage revision of bank employees. Since the UFBU did not take up the cause of retired employees during the recently concluded wage settlement, gross injustice has been done to various demands of retired employees. Hence, the minister was requested to advise the IBA and others concerned to include the organisations of retired employees for negotiations in future wage settlement.

After listening to the above, finally, the honourable minister advised the CEO of IBA and finance ministry to call for immediate tripartite meeting of IBA, UFBU and Retired Bank Employees Organisations numbering five, to discuss the issues of the memorandum and for redressal of the same.

The delegation thanked the honourable minister for giving his valuable time to the delegation and also for having given a patient hearing.

After the meeting, it was decided to send a letter to IBA formally, about the meeting and also for calling for a meeting of the concerned.

Later, the delegation met Ms.Sumitra Mahajan, Honourable speaker of Lok Sabha The delegation also met Mr. Prakash Javadekar, honourable minister for Environment and Forests at his office on 19 01 2016.
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10 comments:

  1. very good move. All will support forbe.

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  2. Thanks for sharing,Banks and credit Unions used to be the traditional way through which one could reorder personal check. This was the most common way to order checks
    Reorder checks online

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  3. U seem to b making list of all sundries which will delay finalising major issues . Time is running out

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  4. U seem to b making list of all sundries which will delay finalising major issues . Time is running out

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  5. Immediate concern of Retired officers is 'Health insurance scheme ' involving 'cover ' for domicillary treatmwnt.We can not allow United India Insurace, the service provider to escape from the agreed terms signed wirh IBA...
    Srinivasan

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  6. Excellent move. Hearty congratulations to Mr. K N L Rao and members of his team. I can very well understand the plight of officers who resigned long ago
    when VRS was not available, since I'm one such officer of Canara Bank who has been denied pension, as I had resigned voluntarily in 1990 (VRS was not available then) after putting in nearly 20 years of service. Let's hope for the best.

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  7. Kudos to retiree organisation for taking up retiree issues with Sri Jayanthi sinha. He seems to be a no non-sense type Minister. One suggestion to the team which will attend the tri partite. First have your home work thoroughly done. I.e having having all the issues which are mis handled by IBA with retirees and Resignees. Have all the cases listed out where IBA misinterpreted court rulings. Once IBA's useless tactics are revealed to ministry of finance then our requests will be met very easily by Mof. Also have the pension fund performance data ready to take head-on IBA's rumour of addl requirement of funds to meet out pension to Resignees, CRS officers,updation of family pension etc.

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  8. I FULLY AGREE WITH V.SRIRAM.ALL THE FIVE BANK APEX RETIREES ORGANIZATIONS NEED TO MEET FIRST,FOR ARRIVING A COMMON UNDERSTANDING ON THE FUNDS OUTFLOW IN EACH MAJOR DEMAND,100% DA NEUTRALISATION FOR PRE 1.11.2002 RETIREES,UPDATION OF FAMILY PENSION,REGULAR PENSION REVISION ALONG WITH WAGE SETTLEMENT FOR SERVING STAFF (IT SHOULD BE MADE APPLICABLE FROM 10TH B.P.S) .THE ORGANIZATIONS SHOULD BE ABLE TO SUBSTANTIATE TO IBA WITH APPROXIMATE FIGURES THAT ALL THE ABOVE DEMANDS WOULD BE MET FROM AVAILABLE PENSION FUNDS IN ALL THE BANKS. THE IBA AND THE GOVERNMENT SHOULD BE CLEARLY APPRAISED THAT NO ADDITIONAL FUNDS OUTFLOW IS REQUIRED ON ACCOUNT OF FULFILLING THE DEMANDS. ALL THE RETIREES BELIEVE THAT THE ORGANIZATIONS HAVE ALREADY WORKED OUT THESE IMPORTANT FIGURES FOR PRESENTATION TO THE AUTHORITIES OF GOVERNMENT.

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  9. This comment has been removed by the author.

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  10. What is the loss.by non implementation of 100 Percent da neutralization to pre 2002 retirees

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