Saturday, April 9, 2016

Letter from IBA to AIBRF regarding retirees' issues

Text of IBA letter dated 7th April '16 in response to AIBRF letter dt 6th April.16 ,to GS,AIBRF is reproduced below

Indian Banks Association 
HR & Industrial Relations

April 7, 2016

Shri S C Jain
General Secretary
All India Bank Retirees` Federation
D-1/1, Sector-C, Scheme-71
Near Kasara Bazar School, Indore - 452009

Dear Sir,

Re : Retiree Issues

We acknowledge receipt of your Ref: 2016/383 dated the 6th April, 2016

2. In this connection, as you are well aware that IBA is an independent and voluntary organization which provides advisory services to its member banks as and when asked for by these banks. It holds discussions/negotiations with apex level Workmen Unions/Officers` Associations of Banks on behalf of member banks on the basis of specific mandate given by these banks in this regard.

3. As regards main issues raised by various retirees federations including your Federation viz. 100% Dearness relief to pre-2002 retirees w.e.f 1-5-2005,improvement in family pension, updation of basic pension, pension option to all left over retirees including compulsorily retired employees and resignees etc., we are in process of collecting the latest data/information from all Public Sector Banks as suggested by the actuary to assess the cost factor and affordability of the Banks and also provision requirement as per AS-15(R) in this regard. On compilation of data/information received from the banks and after assessing the cost factor as well as provisioning requirement as per actuarial calculation, the same will be put up to the Managing Committee of IBA for deliberation and further course of action.

4. As requested by you, please find enclosed a copy of our Circular CIR/HR&IR/GS/2015-16/2263 dated 09-03-2016 for your ready reference.

Yours faithfully,

K Unnikrishnan
Deputy Chief Executive


  1. The committee was formed in march 2009 .,and I.B.A after seven years have not got a reply from any bank.What the I.B.A and the Govt is doing for the pensioners. The time is not far away when these politicians will be insulted among /in the public for not obeying the general demand of the pensioners.

  2. What data has been asked in circular dt. 9.3.16?
    With which organisation meetings held by banks and how many meetings held in past two years?
    Has it got any thing to do with our demand?
    IBA is making fool of us.

  3. I b a is singing the same old tune that they are yet torecieve infomation from banks it is reported that the reports have beenwith analysis has been given to I n a by the subcommitte

    This is nothing but lethargic attitude of i b a
    May be aibrpac shoul lodge complain with the M O F/G O I