A circular issued by AIBRF is reproduced below
Quote
Ref:
2016/529 Date: 16.08.2016
The
Office Bearers/ Central Committee Members/ State Body Chiefs
Dear
Comrades,
We below reproduce the communication issued
by United India Insurance Company Ltd. On group medi-claim insurance scheme
applicable to the bank retirees which is self explanatory.
“Re: Extension of
Window Period for Retirees of the Banks for
Joining the IBA Group Mediclaim Insurance Policy For the period ending
30th November, 2016.
We would like to
inform you the window period for joining under retiree policy was initially
closed on 31.03.2016. On request of the member banks it was further extended up
to the period up to 31st May, 2016.
Now we have been
receiving request from the member banks to have one more chance to opt the
retirees to join the IBA Group Mediclaim Insurance Policy(Retirees). We
are pleased to inform you that the competent authority has decided to extend
the window period for retirees and the proposals/options exercised on or
before 30th September, 2016 by paying the full entitled
premium only will be considered for inclusion. Thus please ensure
that premium of leftover retirees received in the Bank's office on or before
30.09.2016 should reach us on or before 30.09.2016. This is a
final and golden chance for the retirees to join and no further options
after 1st October, 2016 for joining the scheme shall be allowed
please note. ( Please note that those retirees opted out from this policy are
not entitled to rejoin this scheme).
At the time of renewal
of the retirees’ policy only the following members will be covered.
1.
The existing employees covered under the EMPLOYEES policy and retired on
or before 30th September, 2016 and their name should be there
in the existing policy.
2. The members covered under the existing retirees policy and covered till 30th November, 2016 will be entitled to join the group Mediclaim policy on the renewal of the policy by paying the renewal
2. The members covered under the existing retirees policy and covered till 30th November, 2016 will be entitled to join the group Mediclaim policy on the renewal of the policy by paying the renewal
premium.( Please note that those retirees
opted out from this policy will be not covered at the time of renewal i.e. from
01st November, 2016.)
The Premium Charges.
We request you inform
the all retirees at the earliest and remit the premium to us on or before 30th September,
2016.
Your early action will be highly solicited.”
2.
We request you to be guided by the above communication and take up the matter
with the concerned bank management for its smooth implementation.
3.
As you are aware AIBRF has been consistently taking up issue of one more option
to the left over to join the scheme. We are happy that it has been considered
favorably.
With Regards,
Yours
Sincerely,
( S.C.JAIN )
GENERAL SECRETARY
Unquote
Very good indeed. Also retirees should get their
ReplyDeleteupdation in pension before long. However, what is happening to the resignees, after 1.1.1986, with the
completed service of 20 years, still denied pension.
Understand that a larger bench hearing the appeal from
Andhra Bank against the judgement favouring a pre-1995
resignee for pension. Has this case been listed? Finally, even after the Supreme Court ruling on pension
favouring 22 Vijaya Bank employees in 2013, and subsequent cases involving resignees against Union Bank of India, Bank of Baroda, Punjab National Bank etc., still no unanimity is reached to pay pension to ALL THE RESIGNEES in banks, irrespective of pre-1995 and post-1995 exits, OSR framed after the Pension Regulations, 1995. This matter is unresolved and dragging on for a long long time. This should end once and for all. pension to resignees i
Very good indeed. Also retirees should get their
ReplyDeleteupdation in pension before long. However, what is happening to the resignees, after 1.1.1986, with the
completed service of 20 years, still denied pension.
Understand that a larger bench hearing the appeal from
Andhra Bank against the judgement favouring a pre-1995
resignee for pension. Has this case been listed? Finally, even after the Supreme Court ruling on pension
favouring 22 Vijaya Bank employees in 2013, and subsequent cases involving resignees against Union Bank of India, Bank of Baroda, Punjab National Bank etc., still no unanimity is reached to pay pension to ALL THE RESIGNEES in banks, irrespective of pre-1995 and post-1995 exits, OSR framed after the Pension Regulations, 1995. This matter is unresolved and dragging on for a long long time. This should end once and for all. pension to resignees i
Dena bank , BOI few others bankshave excluded resignees from IBA health Insurance scheme. Why this class among class
ReplyDeleteI do not have faith in UFBU for watching the interests of the retired employees. The history of actions of UFBU speaks otherwise.
ReplyDelete- In the 7th bipartite agreement (effective from 01.11.1997) UFBU agreed for calculation of pension on pre-revised pay (pay as per 6th bipartite) for employees retiring after 01.11.1997, thus effectively reducing their pension by 15%. The issue of updation of pensions of past retirees also remained unaddressed.
- In the 8th bipartite agreement (effective from 01.11.2002) , the anomaly created in the 7th bipartite, of calculating pension on pre-revised pay , was removed but fresh anomaly in respect of denying 100% neutralization of DA for pre 01.11.2002 retirees was created. The issue of updation of pensions of past retirees also remained continued to be unaddressed. Even the budget of 3-4% cost for retired employees, proposed by IBA , was appropriated for the benefit of the serving employees in the bipartite, ignoring the interests of the retired employees. The budget proposed by the IBA could have been utilized for ,(1) 100% neutralization of DA for pre 01.11.2002 retirees. (2) Updation of pension for the past retirees.
- The 9th bipartite remained uneventful as far as the retired employees are concerned. The issues of 100% neutralization of DA for pre 01.11.2002 retirees & updation of pension remained unaddressed.
- In the 10th bipartite agreement (effective from 01.11.2012), UFBU agreed for major portion of increase in wages in the form of Special Pay & further agreed that special pay will not form part of pay for calculation of pension, thus effectively reducing the pension of retirees , retiring after 01.11.2012. It is a repeat of action, in different words, as having agreed in the 7th bipartite for agreeing for calculation of pension on pre-revised pay. Again the issues of 100% neutralization of DA for pre 01.11.2002 retirees & updation of pension remained unaddressed
I fail to understand as to why UFBU is typically against the interests of retired employees. The Hon'able Supreme Court Of India had time and again , in various judgments, has termed pension as deferred wages. An bank employee works for avg. 35 to 40 years in the bank and in average enjoys the pension for 15-20 years. The UFBU , being the representative of employees interests , should have worked for the decent pension for the employees, instead of agreeing for effectively clipping of pension in every bipartite after the the implementation of pension in banking industry in 1995.
The UFBU, the so called champions of bank employees, had historically worked against the interests of bank employees , in furtherance to ensure their own existence. During 6th bipartite talks, IBA/ Govt. proposed pay parity with govt employees. UFBU out-rightly rejected the proposal, as the same could have reduced the effectiveness of the unions. Had the UFBU agreed for the pay parity, the present wages of the bank employees would have been much higher. At present wages of bank employees are app. 60% of the wages of similarly placed govt. employees.( on the assumption of pay parity adopted by Pillai Committee for fixing of pay structure of bank officers in 1979).
Here it is worth mentioning that the pension of govt. employees gets automatically revised along-with implementation of pay commission report for serving employees. Further the pension of govt. employees gets increased 20% at reaching the age of 80 years and further increase of 20% is allowed every 5 years thereafter.
From the above, it is quite clear that unions forming part of UFBU, are mainly concerned with their own interests of their own existence, They are not at all concerned with the interests of bank employees & their future well-being.
Has any member bank offered the extension in the window period upto 30 sep 2016 to its retirees (incl pensioners who have voluntarily retired before achieving super-annuation) for joining the group mediclaim insurance policy? State Bank of India does not appear to have done so as yet. Thanks in advance for any information on this.
ReplyDelete
ReplyDeleteThis has reference to your circular no 2016/542 dated 09.09.2016 read with circular no 2016/529 dated 16.08.2016 in respect of group medical insurance scheme for retirees . You are requested to please guide me in the following situation.
I am presently a member of PNB - Oriental Royal Mediclaim Policy for Rs.5.00 Lacs, whose third renewal is falling due on 06.10.2016, so all pre-existing diseases will be covered w.e.f 07.10.2016 . The annual premium of the policy (Rs. 6079.00 + service tax) is constant since last three years , and is likely to remain the same in future.
As per your above mentioned circular, the claim ratio of the IBA policy for retirees has already crossed 230%, accordingly may be above 270% by the close of current policy period. So the premium of the policy for the next year is likely to increase by more than 100%,as per the formula provided in the policy document issued by United India Assurance, and may remain high in the subsequent years unless subsidized by the banks from welfare funds.
You are requested to guide me whether I may join IBA policy for the retirees under Extension of Window Period for Retirees of the Banks for Joining the IBA Group Mediclaim Insurance Policy or renew the policy under PNB - Oriental Royal Mediclaim Policy.
अक्टूबर में 11 दिन बैंक रहेंगे बंद
ReplyDeleteRead More TodayNews18.com https://goo.gl/8zgaMH