All Office Bearers & E.C. Members
Sub : Wage Revision – Pension Option
We reproduce hereunder the full text of letter No.KSS:25:101:AINBOF dated 23.03.2009 issued by the General Secretary, All India Nationalised Banks’ Officers’ Federation addressed to Com. G. D. Nadaf, General Secretary, All India Bank Officers’ Confederation on the above subject for information of all concerned.
S Roy Choudhury
All India UCO Bank Officers' Federation.
“Further to our correspondence with you on the above matter, we have to inform you that the undersigned alongwith Sri P. K. Bhat, Secretary of our Federation met Sri Amitabh Verma, Joint Secretary, Banking Division, Government of India at Delhi on 20.03.2009. We had detailed discussions with him on the matter of negotiations on wage revision and also fresh option for pension.
Sri Verma stated that the Government is willing to give the fresh option as requested by us and also wants to conclude the wage revision on a positive note. He emphasized that the negotiations should be carried on to resolve the contentious issues and assured to speak to the IBA also in this regard.
The only precondition of the Government to resolve the above issues, as we could make out, was our agreeing to the new pension scheme as introduced in the Government, for future recruitees. Sri Verma stated that the unions could agree to this new scheme in principle for recruitees from a future date even from the year 2011 or 2012 by which time large chunk of the recruitment in the industry will be over. He stated that while the Government is determined regarding the introduction of the new scheme, the date of commencement of the new scheme and general guidelines for the working of the scheme can be negotiated by the unions even after the settlement of the wage revision and pension option, once the unions agree to the scheme in principle.
He also explained the advantages of the new scheme in the future scenario and offered to hold a seminar to clear the apprehensions of the unions in this regard.
From the above discussions it is apparent that there is a real opportunity to settle the issues of wage revision and pension without delay, in the context of the decision already taken in the Meeting of the General Secretaries of affiliates of AIBOC.
We need not further reiterate that the membership is losing patience and we need to move ahead quickly to retain their confidence.
In the above meeting we also could discuss the pending appointments of officer directors in different nationalised banks and have been assured of clearing same by streamlining the procedure in the light of the discussions.
This is for your kind information and early action.
( K. S. Shetty )
Source : All India UCO Bank Officers' Federation.