Wednesday, May 25, 2011

Bank Strike on 7th July 2011 against Govt Policy On Banking Reforms

The National Convention  of United Forum of Bank Unions,held at New Delhi on 20th May 2011,declared All India bank strike on 7th July 2011 against Govt Policy on  Banking Reforms
-  New Licensing Policy,
-  Khandelwal Committee Report, 
-  Outsourcing
-  Appointment of Business Correspondents,
- Merger of Public Sector Banks,
-Removal of ceiling on voting rights of FDI in Private Banks, 
-Arbitrary instructions of Government freezing improvements in staff benefits etc.
Also demanding:

- Adequate Recruitment, -Release of Compassionate appointment Scheme as agreed between IBA & UFBU
-Improvements in Pension Scheme on the lines of 6th Pay Commission Report  etc.
As far as  bank retirees are concerned,  long pending genuine demands  of Pensioners  are also focused  this time by Bank Unions, as  follows:

1. Improvements in pension scheme on the lines of the 

   Government   Scheme like updation of pension
2.100% DA neutralisation on Pension
3. Improvement in commutation, family pension
4. Ex-gratia for pre-1986 retirees, etc
.

13 comments:

  1. Can UFB explain why they are not showing interest in raising Increase in Gratuity Ceiling effective date from 23.05.2010 to 1.11.2007 to benefit retired Bank Employees.

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  2. Has the PAYMENT OF REVISED GRATUITY WEF 01/01/2006 for bank employees been included in the agenda for the proposed strike?. Retired employees may release telegrams to their respective Assoiations to include this demand in the Agenda.

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  3. There are several other issues related to retired bank staff.They are:-
    01.
    Deduction of 56 % additional amount collected from retirees from taxable income
    02.
    Payment of gratuity with retrospective effect from 01/11/2007.
    03.
    100 % neutralization of DA
    04.
    Quarterly change in DA instead of once in 6 months.
    05.
    Outsourcing bank jobs to dedicated retirees who has thorough knowledge of banking instead of to outsiders
    etc etc

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  4. except point no 2 all demands are reasonable

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  5. A.RAGHAVAN, KANNUR, KERALA
    Pension Scheme is the social security plan developed by the sacrifices of hundreds & hundreds of workers throughout the world. Fight against all move to dismantle the defined pension scheme. Fight jointly for ONE RANK ONE PENSION in banks also.

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  6. June 12, 2011 comment: Rao KNG, kindly clarify why point 2 is not reasonale? Kindly read Senior Citizens-Gratuity coloum of this blog.

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  7. Request Gratuity increase, If not from 01.01.2006 atleast from 1.11.2007, i.e 9BPS for Banking Industry exclusively as one time measure by changing the service Regulation relevant clause..

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  8. dear anonymous I glanced senior cit section but didnot find any thing on gratuity.I wish u r demand b considered.
    Nomore deliberations please.
    it was my academic interest

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  9. Dear Rao,Good matter for academic interest also.
    Bank Pensioner- Senior citizens- REVISION OF GRATUITY CEILING DATE OF EFFECT IS 24T...go to head lines of this blog.

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  10. ALL OLD EMPLOYEES ARE THINKING ABOUT THEIR BENEFITS WHAT ABOUT NEW RECRUITEES WHO JOINED AFTER APRIL 2010 NEW PENSION SCHEME SHOULD BE ABOLISED WE SHOULD BE GIVEN PENSION AT THE PREVIOUS SCHEME,

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  11. what about the new entrants in banking services you have taken our pension benefit in liue of 50% last basic for pension given us legacy of NEW PENSION SCHEME shame on all unions leaders for what you are there?

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  12. Implementation of Gratuity ceiling limit of Rs.10 Lakhs to central Govt, retirees was implemented retrospective date of 1.1.2006 . Bank Retirees from 1.1.2006 to 25.05.2010 were deprived of the benefit of enhanced ceiling limit to an extent ranging from Rs.2.5 Lakhs to 6.5 Lakhs. IT deduction was also made from Gratuity amount paid(Over and above Rs.3.50 taxable)to retirees up to 23.5.20100, which came around Rs.1.50 lacs approximately.The interest rate(s) paid on long term savings between 1.1.2006 to May 2010 was very low, which includes interest on P.F contributions ...etc. Inflation on high side during this period. This is like three birds at one shot. This is what retirees have lost once for all and which cannot be compensated by any future settlements. Only through collective efforts the discrimination can be resolved through. Hop the above gives a clear picture to old retirees and new entrants. Know that the departed soul(s) will not rest in peace, till Enhanced Gratuity is paid. Some of the retirees in this block have to leave beyond 24.05.2010 to witness the galloping inflation.Let the new entrants pray for it.

    ReplyDelete