AIBOC launches 'All India Bank Pensioners and Retirees Confederation (AIBPARC)'

All India Bank Officers' Congress (AIBOC ) has launched an organisation named All India Bank Pensioners and Retirees Confederation (AIBPARC), on 17th March 2012,  at Nagpur.

Click on the following link to view AIBOC circular in this regard.

  
AIBOC  Circular
  

Resigned Bank employees welfare association planning to file suit in HC for Pension option to OSR VRS optee

We reproduce below the communique received from RBEWA

Quote

Dear Sir/s, 

Resigned Bank Employees Welfare association is Registered body for the cause of Bank Employees to whom Pension option is denied in 9th Settlement.

 The RBEWA has already filed WP in Delhi High Court for the Same. ( WPC 7413 of 2011) The WP is admitted & Next date is 01/05/2012. The WP respondents are 31 Banks & MOF & IBA. The membership is still open till submission of final list to High Court. 

1) Employees Resigned between 29/09/1995 till 27/04/2010 on completion of qualifying service of 15 years & above can join the group. 

2) The Membership is open to all the resigned Bank Employees having completed service of more than 15 years & only from the following Bank:- 

 · Andhra Bank * Allahabad Bank Canara Bank Central Bank of India · Bank of Maharashtra * Bank of India * Bank of Baroda * Dena Bank · Union Bank of India * United Bank of India * Indian Bank * Syndicate Bank · Ratnakar Bank *Bank of Rajsthan * Karnataka Bank * Ing Vysya Bank · Federal Bank * South India Bank *Catholic Syrean Bank *Corporation Bank *Indian Overseas Bank *Oriental Bank of Commerce * Punjab National Bank *Punjab & Sindh Bank *UCO Bank *Vijaya Bank *State Bank of Mysore * State Bank of Patiala *State Bank of Hyderabad *State Bank of Indore *Laxmi Vilas Bank

 The meeting of the Bank Resignee is organised at Hotel " Sahil Khitij " Tilak Road, Opposite of Maratha Chamber of Commerce, Swargate Pune on Sunday 08/04/2012, to brief the progress in the matter. Similarly the RBEWA is planning to file WP in Mumbai High Court for Pension Option to OSR VRS Optees & in the said meeting 45 VRS Optees are attending to join the WP. Any Bank employee Resignee OR OSR VRS Optee can attend the meeting & join the battle. Members are requested to confirm their attendence by calling undersigned to make the arrangements. 

Thanks & Regards

 Pathak R K 

 9373053695 

Unquote 

It was further clarified that OSR VRS optee from any where in India can be a joint petitioner to the contemplated suit.

SBM asked to cough up Rs. 13 lakh to ex-employees

The high court on Thursday directed the State Bank of Mysore (SBM) to pay Rs.10,000 each to 129 petitioners and former employees who had filed an appeal to quash circulars that attempted to deprive them of five years in service. The appeals challenged the judgment pronounced on March 8, 2011, concerning the claim of employees of various banks who had opted voluntary retirement scheme (VRS). Each employee had completed 20 years in service. The employees opted for retirement under the scheme and had been given benefits except those under Section 29(5) of pension regulations, 1995, which deals with the addition of five years of service by an employee. The banks’ permanent employees, who have put in 15 years of service or completed 40 years of age on the date the scheme came into being, are eligible for VRS. An employee whose application for VRS is accepted will be paid an amount equal to 60 days of salary for each completed year of service. As per the regulations, the employees had sought to add five more years while calculating the length of their service. The HC directed that since pension regulations, 1995, have not been amended by SBM, it has to pay `10,000 to each petitioner

Source - DNA Bangalore