The Indian Banks' Association -- an association of 118 banks -- and the United Forum of Bank Unions Friday signed a pact on wage hike and pension in Mumbai.The wage hike will come into effect retrospectively from Nov 1, 2007.Haldar said SBI Officers' Association was not a part of the pact."If the government does not hike our pension also, we will go on an indefinite strike," he told.
The association office-bearers will meet in New Delhi Dec 1 to firm up future plans."Initially, we may strike for one-two days, and if nothing happens, go on indefinite strike. This will hit customers but the government is forcing us to take the extreme step," he said.
Source : Expressbuzz.
Read the full story of Bank Wage Negotiation.
17 comments :
In SBI, Officers & Employees are entitled for CPF & Pension where in other PSB banks(Nationalised & Associates)their counter-parts are entitled for either of one.SBI Officers union AISBOF is never thinking seriously for seventh BPS retirees of SBI, regarding their pension updation from sixth to seventh BPS as done in case ofindustrial level pension-1993/95 optees in other banks. AISBOF & AIBOC General Secretary G.D.Nadaf is balancing his position between AISBOF and AIBOC.One can find following message by him at http://www.aisbof.org right now- "Com. G D Nadaf & Com. Kadri NOT NOT NOT Signed Wage Revision MOU with IBA".On the other hand his http://www.aiboc.org right now, is displaying-"Congratulations
Wage Revision MOU Singed
with IBA on 27/11/09".Before going on strike they should first examine the recent news "Pre-97 RBI staffers may get less pension from next yr"(Visit http://staffcorner.net for news Tuesday, November 24, 2009).I apprehend if they go on strike this time they have to go alone, no UFBU or nothing will be with them and their is every possibility that this strike may fail like oil corporation's strike.
Chandan ji,
Please don't under-estimate AISBOF. They went on strike for a full week during annual closing a few years back and got their demand of improvement in pension. They got everything, whatever they demanded...Increase in Lease Entitlements, Petrol Reimbursement, HBL @6%...to name a few in the recent past. Their's is a mighty bank and can absorb any burden easily....problem will be for the small banks only......
What is quite disgusting is, during the past few months Nationalized Bank officers are comparing with SBI officers and seeking parity with them, quoting equal work-equal pay etc., etc.,. My arguement is...Why should v cry at SBI people. If Equal work-equal pay is the criteria, then we should only look at parity with Central Government Officers not SBI.
Please also understand that for extending the pension option to everyone and to downplay the pension burden, Basic pays will be fixed far below the expected lines which will have a very long lasting effect on the present employees' retirement benefits...
Dear friends
In the recent times management is doling out gifts to its employees without even asking for it eg increase in HL and othe loans and reduction in ROI for loans etc., they are making a grand plan to supress the opposition and unions in the matter of mergers of associates by luring them with better benefits available ti sbi employees compared to their own banks. they are using the carrot to lure all the associate employees to join SBI without even murmour.
Good for employees in the short term and good for the managements in the long term.
leart that new SBI employees will also be goverened by new pension scheme any idea
Dear Kumar,
I belong to a nationalised bank, but in close toutch with SBI as many of my friends & relatives are working there."Equal work-equal pay" I feel nothing but a hoax.Practically it is also not possible.Quality is the determine factor for salary.SBI-POs are always ahead of nationalised bank POs.There are many instances where persons working for two-three years as a nationalised bank POs left for SBI POs.But in the clerical recruitment in SBI right from 1985 onwards to 2001(Year of abolition of BSRBs)in nodoubt bears a big question mark on quality-comparison task with their counterparts in nationalised banks because of faulty allotment system of BSRBs- "All type of HRD will go to all type of 28/27 public sector banks". It was an official direction by the then think-tankers in ministry of finance, department of economic affairs of GOI with some sort of scientific logics.In that period due to absence of a preference giving exercise in clerical recruitments of BSRBs many top rank candidates finally selected, were forcefully alloted/pushed to different nationalised banks.Those candidates could had been easily got their allotment in SBI if there was a preference giving exercise as available with UPSC & SSC.
Updation of pension for existing employees is a routine work not only in banks alone, but also in PSUs.One can find it by visiting MTNL & BSNL Officers Association etc Web-sites.So thing which is suppose to be solved across the table, should have been solved by itself on the table.But SBI union went on seven days strike on a silly matter of updation.Neither abolition of ceiling criteria nor 40% pension above the ceiling amount were not solved inspite of this one week long strike.Retirees of seventh BPS of SBI could not derive any benefit from this strike.At the cost of members' salary-cut, calling a strike for this or that reason becomes a fashion for some leaders.The benefits of Housing loan,Lease accomodation etc are achieved by AISBOF not through strike actions, rather those are the results of higher profit earnings, strong balance-sheet and good understanding/harmonious industrial relations between management and union in SBI.
But asking for 10% pension hike by Kolkata based SBI officers' union leader, I can't see any light.First of all, sub-staffs to scale-I officers in SBI have always been drawing 50% pension on their retirement as like their counterparts in Nationalised banks. Only difference is in Scale-II 46% then gradually in upper scales it reduces to 40%.So fighting for an executive in the rank of CM in Scale-IV to CGM in Special scale-I for this 50% drama, howfar is justified and acceptable to the rank and file is certainly questionable.A sub-staff sacrificing his days salary for the cause of a GM or CGM, looks funny as AISBOF alone cann't go for an indefinite strike without NCBE outfit of SBI award staff union.It can also be recalled that both unions were jointly participated on one week long strike for pension updation.NCBE does not have much base in other banks apart from SBI.So it can be confined itself completely with SBI employees cause.But AIBOC position is quite different.Apart from SBI it is also majority officers union in most of the nationalised banks.So there is also apprehention from each and every corner that G.D.Nadaf may loose his General Secretary position either in AIBOC or in AISBOF, if he fails to balance things of these superior & inferior complex between SBI and Nationalised Banks on wage settlement.
i am a vrs of 2001 scheme employee of Andhra Bank. Am I eligible for pension option with this settlement
suresh
is there eligible for pension option for VRS employees of 2000-01
Dear suresh bandaru ,
2001 VRS employees RETIRED WITH p.f. option will get pension if they opted for it as like other retirees.Please refer Supreme Court's stricture on pensioners of VRS-2001, regarding adding of 5 years notional weightage in qualifying service.So be sure VRS-2001 PF optees if not covered for pension option, there will be a number of legal complex for IBA & UFBU and stricture of the court will go against them.
CAN ANYBODY PLEASE ANALYSE AND TELL THE COMPOSITION OF 30% 'PENSION GAP"? WHAT WOULD BE THE INDIVIDUAL BURDEN LIKELY. MANY WILL BE BENEFITED.
Now days all banks doing all type of works i.e Govt. and etc ... etc.....
So.Why SBI pepole want more rise then other.If IBA/Govt. will give them then also to us.OLD DAYS GONE AND BECAME A PRESENT.
Anybody know what SBI employees are going to get from this Wage revision?
Dear Bank Pensioners
While searching on internet I could not find a group discussing
specific problems of bank pensioners. I have observed that many
pensioners are posting their views/ comments on other sites , as there
was no specific group/ blog site addressing to the specific needs of
bank pensioners. I could observe that many bank pensioners have access
to internet and do not find any difficulty in posting their comments/
posts on blog sites. Hence I felt that there is a need to form such a
group where bank pensioners can express their views, share their
knowledge and help each other and bank pensioner community.
This group is a forum for the retired psu bank pensioners for
sharing their common problems. There are many issues at individual
level pensioner, which can be raised here. The idea is to share and
exchange of knowledge of various pension rules, court judgements for
the benefit of all bank pensioners.
There are issues like second option of pension, neutralization
of D.A, Updation of pension etc. There may be many other issues on
which one can post a comment/ view and start discussion.
So join the group and tell your pensioner friends to join the
group. Also visit blog site bankpensioner(.)blogspot(.)com
Dear R, being unmarried and no possibility of your pension converting to family pension upon ur demise to a person who may take care of u after retirment, it is advisable to remain as PF optee only. In case of sudden demise, ur money of pf will go to a nominee u prefered who are taking care of u (dont fall under the defition of family as per pension rules). Even if u retire in 2020, at the most u will see 10th BPS and ur pension would be around 25000 being an SCA. Let us make use of our money as we wish and dont drop it to Pension fund. Already we lost heavily in each settlement forgoing a formidable increase in living wages.
Regarding DA increase, it would be 36 slabs from Feb 2010 and May another 25 slabs. That is the last big increase.
Regarding Wage Revision, SBI AIBOC GS is making all the hurdles.
AIBOA WING AIBOC WING
da MERGER 2836 PTS 3028 POINTS
only 2836 WILL BE SETTLED.
hra,cca MERGER cca TO CONTINUE
fORMAL WORKING DONE FOR MERGER OF
HRA cca AND WOULD BE 8 10 AND 12$ RESPETIVELY.
cLERICAL ADDL LOAD 14.5$, sUBSTAFF 14.96% SUGGESTED.
uNION IS STRONG TO GET 15% AND 16.5% FOR CLE / SSTF RESPETIVELY ON 22ND.
mEDICAL 100% INCREASE. NO CHANGE IN lfc AGREED TO BE ACCEPTED.
aiboc ASKING EVERYTHING TOTALLY AGAINST NEW FORUM OF oFF ufbu SO AS TO DELAY THE ISSUE UNTIL IBA AGREE TO THEIR DEMANDS.
A SUM OF rS.157 CRORES IS SOUGHT AS 13% ADDL COST OF PENSION FOR SBI. IT IS LEARNT IBA PRESSURE FROM BHAT/SBI ASKED US TO CONSIDER WITH A CLAUSE THAT 157 CRORES SHOULD BE UTILIZED FOR sbi PENSION BENEFITS. BUT THEY ASK WE WILL USE THE MONEY AS WE PLEASE.
ONLY FOR UNIONS (AWARD) THERE NEED TO BE A SETTLEMENT AS PER LAW. FOR OFFICER'S ONLY NOTIFICATION AS PER OSR. NEED NOT BE TALK. BI-PARTITE FOR OFFICERS IN A CONVENTIONAL PRACTICE.
LET US WAIT AND SEE HOW THE CUT THROAT SBI GEN SECY ACT ON 23RD BY DIGGING GRAVE IN THE LIFE OF ALL.
Referring Swami January 19, 2010 10:32 PM:
A POINT WISE REPLY:
QUOTE:
"being unmarried and no possibility of your pension converting to family pension upon ur demise to a person who may take care of u after retirment"
UNQUOTE:
"Old Age Homes are coming up rapidly in our country to take care, in such cases.No need for thinking for the person who will take care after retirement as mentioned above"
QUOTE:
"it is advisable to remain as PF optee only"
UNQUOTE:
"On December 6, 2009 12:05 PM Friday, Swami Said: Comrades need not get doubt on this. I am a sub committee member in my bank level."
"NOTE:Learned Leaders are most dangerous.Believe them to disbelieve.Swami will not be there to arrange third option for R. on pension in future.Don't repeat 1993/95 mistake."
QUOTE:
"Even if u retire in 2020, at the most u will see 10th BPS"
UNQUOTE:
"If BPS system continues, 10th BPS due on Nov 2012 & 11th BPS due on Nov 2017. So one will see 11th BPS, not 10th on 2020."
QUOTE:
"Regarding DA increase, it would be 36 slabs from Feb 2010"
UNQUOTE:
"Swami said...Await another 43 slab DA increase from February, 2010. A solace to the high level of inflation.(December 18, 2009 10:46 PM)"
"NOTE:From 43 to 36, gradually coming down and on coming 29th will land between 30 to 32.No scientific calculation, all calculation in dream."
Thanks.
COMRADES
AS EXPECTED THERE IS NO PROGRESS IN EXPEDITING THE SETTLEMENT.IN EAARLIER ROUNDS THERE WAS SOME PROGRESS.BUT THIS TIME THERE IS NO PROGRESS.NOW THE UFBU LEADERS HAVE ONLY OPTION OF INDEFINITE STRIKE CALL FROM 25-03-2010.IF IBA CAN UNDERSTAND THE ONLY LANGUAGE OF STRIKES AND AGITATIONS THEN ANSWER THEM IN THE LANGUAGE IN WHICH IBA IS ABLE TO UNDERSTAND.ONCE AGAIN CLARIFY WHETHER PENSION IS COMPULSORY FOR ALL ? IF ANY PERSON STILL WANTS TO CONTINUE WITH PF OPTION HOW MUCH RISE HE WILL GET OVER AND ABOVE 17.5 %.ASK THE UFBU LEADERS TO LEAVE THE PENSION ISSUE.BRING PRESSURE ON THE TO LEAVE THE PENSION ISSUE FROM THE SETTLEMENT.WE ARE READY TO STAY WITH PF OPTION.BUT WE WILLNOT ACCEPT17.5 % WHICH PLEASE NOTE.
MR MML GUPTA ARE YOU LISTENING OUR LEADERS HAVE SHOWN THEIR GUTS,CAPACITY AND COLLECTIVE BARGAINING POWER.THE MOU SIGNED ON 27-11-2009 IS QUIATELY BURRIED BY OUR SO CALLED DARE DEVIL LEADERS AT THE INSTANCE OF IBA,FOR WHICH THEY HAVE DONE UNDERHAND DEALINGS WITH IBA THATS WHY NOW THEY ARE SPEECHLESS.NOW ONWARDS IF INDEFINITE STRIKE CALL IS NOT GIVEN BYCOT ALL THEIR PROGRAMMES AND RESIGN FROM THE UNION.DO NOT PAY FURTHER MEMBERSHIP FEE AND LEAVY.NOW AWAKE AND ARISE.
Government understands the language of violence, disturbances in public life and destruction of public property. Bankers are really simple and devoted workers that they have been in dialogue process with IBA, Indian Bankers Association for last two years patiently and peacefully. Wage revision of bank employees is due since November 2007 and the charter of demand was submitted to government in July 2007.Dialogue process has been continuing for last two years. It is sad that government understands the importance of any demand only when strikers burns the buses and trains, create road jams, blocks movement of train and what not. This has been seen in the case of strikers of other departments.
Government comes out of hibernation only when huge loss is incurred to exchequer. Ministers and the competent authority or labour commissioner have not understood the gravity of the matter, genuinity of demand of bank employees, and reality of bankers even after lapse of two years after the charter of demand was submitted to government of India and the IBA, Indian Banks Association an body which starts negotiation with banker's united forum on the issue of wage revision or other relevant demands.
Government has not tried to realize that workload on bank employees have multiplied during last two decades due to almost ban or regulated policy adopted by government on employment in banks during eighties and nineties, large scale removal of employees under voluntary retirement scheme VRS of the year 2000, the continuous natural retirement, dismissal and death of bank employees without fresh recruitment of at least same number of employees.
It is known to all that there has been technological upgradation in banks to a large extent during last two three years. But it was also made possible only by the hard labour done by experienced bank employees for more than 12 hours a day. Without disturbing customer service bankers took it a challenge, accepted new technology and converted most of the bank’s branches as CBS branch. Banks opened thousands of ATM, introduced E-Banking, Mobile banking, SMS banking, tele-banking and many other customer friendly services for the delightment of its customers. There has been continuous improvement in the services extended by bankers and it will not be an exaggeration to say that it is the only banks run by Government which extends services to the maximum possible satisfaction of its customers and on the contrary all other department of the government or most of the PSUs have failed to please their customers. Such paradigm shift occurred only due to efficiency exhibited by bank employees without disturbing routine normal works.
After adoption of Core Banking Solution ( called as CBS), Banks has introduced several other non-banking products like Insurance, demat service, share trading, selling of mutual fund products, tax collection, old age pension payment and many other products. It is only bank employees who accept newer and newer challenges and strive hard to please customers. It is unfortunate that bank employees are still in bad taste in corridors of Ministers.
(To be continued)
Continue from earlier post February 25, 2010 10:26 PM:
It has to be kept in mind that there has been continuous wage erosion of bank employees during last two decades whereas on the contrary there has been quantum jump in the salary of state and central government employees through fifth and sixth pay commission report implementation. Frustration has been on increase among bank employees since long. To add fuel to fire media has tarnished the image of bank employees by creating false hype that bankers are high wage islanders. As a matter of fact wage disparity and, indifferent attitude of government has widened to such a large extent that bankers are opting for joining other private companies. There has been sharp change and reversal in choice and preference of job seekers. Three decades ago fresher used to prefer joining bank service than even IAS and IPS services. Present position is that even fresh graduate and post graduate prefers peon’s job in central services than joining as officer in a bank.
It is worthwhile to mention here that despite low wages and high work load it is banks which have been earning profit continuously and growing in profit year after year. On the contrary most of other businesses run by government are either showing loss or showing fall in profit or there is position of complete stagnation or on the verge of closure. Even companies like BSNL is likely to book loss to the tune of Rs10000/- crore and more. Indian airlines are running in losses in thousands of crores. All oil companies, fertilizer companies and many PSU are in losses and running on the aid and ventilator provided by Government. It is surprising that government had happily increased salary of even loss making companies by 30 to 60% through sixth pay commission on the eve of election just to enhance their vote bank and the same government thinks it fit to ignore genuine demand of 20% wage hike of bank employees on flimsy ground
Government instead of listening to banks argument in favour of their demand for 20% wage hike has been postponing dialogue on one plea or the other for last two years. The humiliating position for employees came to fore when government backtracked on its own commitment of 17.5% wage hike and green signal to second option of pension to bank employees on conditions mutually agreed upon by IBA and Bank Employee’s United Forum. Government first reduced the offer from 17.5% to 15% and when bank employees disagreed and preferred strike, government added fuel to fire by further reducing the offer from 15% to 13%. After such humiliation , it is but natural that bank employees will not only go on two days strike but resort to indefinite strike and many more steps in near future to pressurize the government to succumb to and understand the bitter truth and government should be held responsible for all types of inconvenience caused to customers due to strike.
It is to be kept in mind that bankers are dealing in money and any dilution in honesty, sincerity and devotion of bank employees may cause irreparable damage to intrinsic health of banks. As of now corruption in banks is undoubtedly lower than all other departments of Government and other PSUs. Exodus of quality people may be harmful to banks. It is an open secret that banks have been used by politicians to enlarge their vote banks. Profitability of banks has suffered to a great extent due to vote bank policies of ruling party. Only God knows what will happen to bank if quality people leave the job and talented job seekers hate bank jobs.
Source: Danendra Jain
www.caclubindia.com
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