Bank Retirees Issues -- Co-ordinated efforts by CBPRO AND AIBRF

Circular issued by CBPRO is reproduced below.

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Circular 002/2018                                                   Dated: 20.08.2018

Dear Comrades,

Bank Retirees Issues -- Co-ordinated efforts by CBPRO AND AIBRF

Dear Comrades,

After the formation of Co-ordination between CBPRO and AIBRF we have moved forward further in pursuing all the pending issues with IBA, Department of Financial services, Ministry of Finance, Government of India and with the UFBU.

 CBPRO and AIBRF Leaders met Com. C.H. Venkatachalam General Secretary AIBEA and Com. Soumya Datta , General Secretary AIBOC at Mumbai on 17th afternoon . We could not meet Com. Sanjeev Bandlish, General Secretary NCBE and Convener UFBU due to delay caused in his arrival.

 We mainly discussed with them about the IBA Medical Insurance Scheme and put forward our suggestions to make the Scheme more affordable and acceptable. Our concerns were well appreciated by them and they assured all possible support from their side. We have expressed our wish to have more interactions between them and us in future too in respect of other pending issues of Bank Pensioners and Retirees.

CBPRO and AIBRF together represent almost the entire community of Bank Pensioners and Retirees and wish to move cautiously fully recognising the ground realities while pursuing the issues. 

In view of the above it has also become necessary for us to clarify that CBPRO or AIBRF have NOT organised any Dharna at Jantar Mantar on 24th August 2O18.  You all know that both the Organisations had earlier conducted several massive Dharnas at Jantar Mantar and at various important centres highlighting Bank Pensioners and Retirees issues. 

CBPRO AND AIBRF will be meeting shortly regarding further course of actions and meanwhile wish to create and maintain conducive situation for a purposeful dialogue and discussion with all the concerned authorities and organisations so as to arrive at proper decisions in respect of our issues. 

With Regards,

Yours Comradely,                   

(A.Ramesh Babu)       (K.V. Acharya)                  (S.C. Jain)

           Joint Conveners, CBPRO                General Secretary, AIBRF

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UFBU circular regarding DISCUSSIONS WITH IBA ON MEDICAL INSURANCE SCHEME

Circular issued by UFBU is reproduced below.

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 CIRCULAR No. UFBU/2018/14                                   Date : 08-08-2018

TO ALL CONSTITUENT UNIONS/MEMBERS

Dear Comrades,

DISCUSSIONS WITH  IBA ON MEDICAL INSURANCE SCHEME

As already informed to units, bipartite meeting was held today between IBA and UFBU regarding renewal of our Medical Insurance Policy for serving employees/ officers as well as for the retirees for the ensuing period 2018-19. IBA team was represented by Shri Rajkumar, Dy. Chief Executive, Shri S K Kakkar, Sr. Advisor (HR&IR), and Shri K S Chauhan, Sr. Vice President (HR).  All our constituent unions were present in the meeting.

IBA informed us that United India Insurance Co. has given their proposal for hike in the premium on the Policies both for the serving employees/officers as well as for the retirees as under:

Serving employees/officers :     Increase in premium by  29% over existing rate

Retirees(without Domiciliary) :  Increase in premium by 110% over existing rate

Retirees (with Domiciliary) :      Increase in premium by 144% over existing rate

We strongly objected to such steep hike in the rate of premium and informed the IBA that especially the hike in premium for the retirees is too exorbitant and not appearing to be relatable to actual claim ratio.  We urged upon the IBA to take up with UIIC to drastically reduce the premium.

IBA informed us that they are already seized of the issue and the matter is being taken up with UIIC.  We pointed out that the following points be kept in mind while finalizing the issue:

•          There should be no attempt to discontinue the policy.  Policy should be continued and renewed.
• ·         The premium rates should be drastically revised downwards.
• ·         Pending discussion with UIIC, the Policy for both serving employees and retirees should be extended upto 31-12-2018 with pro rata premium.
• ·         Cost of upfront payment of annual premium should be factored in while finalizing the premium rate.
• ·         Change in age profile of serving employees and retirees should be taken into account while working out the revised premium rates.
• ·         IBA should take up with the Government for exemption of GST on premium amount.
• ·         Renewed Policy should include a penalty clause for delayed sanction of bills/ reimbursement.
• ·         If broker will not be involved in the scheme, suitable mechanism should be put in place to deal with cases of repudiation of claims, etc.
• ·         Uniform guidelines should be given by IBA for sanction of amount under Buffer allocation.
• ·         Premium should be worked out on a composite basis by clubbing both serving employees and retirees.
• ·         Premium for retirees should also be paid by the managements.

IBA took note of the above points raised by us and assured to keep these views in mind while further dealing with the same.

Next round of Talks on 18-8-2018:  Next round of Bipartite Talks (Sub-Committee) will be held on 18^th August, 2018.  Discussions will be held in the forenoon with the Officers Associations and in the afternoon with Workman Unions.

With greetings,

Yours Comradely

(Sanjeev K Bandish)
    Convenor 
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Pension to Resignees Un-starred question No.508 asked by one of MP from Karnataka

We reproduce below letter received from RBEWA ( Resigned Bank Employees Welfare  Association)
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Dear Pensioners,

You are well aware of the Un-starred question No.508 asked by one of MP from Karnataka regarding Pension to Resignees.

The Ministry of Finance at the advice of IBA gave deceptive reply to the house on 20/07/2018.

We have prepared point-wise reply for the same and copy of the same is attached herewith.

All Pensioners and Retirees  are requested to take up the matter with local Member of the parliament and pursue the matter.

Awaiting for your support in the matter.

Thanks & Regards

RBEWA TEAM

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Click here to view point wise reply

DEARNESS RELIEF PAYABLE TO PENSIONERS FROM 1st AUG'18 TO 31st JAN'19

DEARNESS RELIEF PAYABLE TO PENSIONERS FROM 1st AUG'18 TO 31st JAN'19
Average Index		6604		Increase	14	Slabs
Dearness Relief to Pensioners who retired on or after 1st Day of January,1986
but before 1st Day of November,1992/ 1st July 1993.
					Index
Basic Pension:					1501	Over 600
Up to 1250	1251 to 2000	2001 to 2130	Above 2130
1005.67	825.55	495.33	255.17	%
Dearness Relief to Pensioners who retired on or after 1st Day of November,
1992/ 1st July 1993.
Up to 2400	2401 to 3850	3851 to 4100	Above 4100		1364	over 1148
477.4	395.56	231.88	122.76	%
Dearness Relief to Pensioners who retired on or after 1st April,1998.
Upto 3550	3551 to 5650	5651 to 6010	Above 6010		1230	Over 1684
295.2	246	147.6	73.8	%
Dearness Relief to Pensioners who retired on or after 1st November ,2002.
			194.22	%	1079	Over 2288
Dearness Relief to Pensioners who retired on or after 1st November,2007
			141.3	%	942	Over 2836
Dearness relief to Pensioners who retired on or after 1st November,2012.
			54.1	%	541	Over 4440
.pm./31.07.18

D.A calculator is available for calculating revised D.A. and difference. For calculating D.A , enter basic ( original basic without reducing commutation amount) and click on the calculate button. Revised D.A , Present D.A. and difference will be displayed on the calculator. Select appropriate retirement date range according to the date of retirement.

 
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