AIBEA Version :
"ANNUAL WAGE INCREASE OF RS. 4816 CRORES FROM
1-11-2007
ONE MORE OPTION FOR PENSION ACHIEVED
WE DEDICATE THIS ACHIEVEMENT TO THE MEMORY OF
COM. PRABHAT KAR ON HIS 25TH DEATH ANNIVERSARY DAY
Yes, today, 27-11-2009, is the 25th death anniversary of our great leader and doyen of bank employees trade union movement, Com. Prabhat Kar. On this solemn day and during the centenary year of this father of our movement, we deem it a befitting commemoration and tribute to his life-long pioneering role in shaping up the service conditions of bank employees that the Minutes have been signed with the IBA on our wage revision demand and more importantly, securing another option for more than 3 lacs of employees/officers/retirees to get the benefit of our unique pension scheme.
Salient features:
a) Annual wage increase of Rs. 4816 ( Rs. 2239 crores for officers and Rs. 2576 crores for workmen employees ) w.e.f. 1-11-2007.
b) All the existing employees who are now in PF scheme will be given an option to join the existing pension scheme.
c) All those who have retired after the date of Pension Regulations till date will also be given an option to join the pension scheme.
d) Full settlement on the above to be finalized within 90 days.
Wage revision – what we have achieved:
|
| 7th BPS | 8th BPS | NOW |
| Additional annual wage load | 12.25 % | 13.30 % | 17.50 % |
| Total quantum of annual wage increase (Officers & Workmen) |
1497 crores |
2200 crores |
4816 crores |
| Annual Average Per Capita Increase Ø For Workmen employees Ø For Officers |
12,550 24,025 |
23,300 43,600 |
56,200 91,800 |
ONE MORE OPTION TO JOIN PENSION SCHEME
– A UNIQUE ACHIEVEMENT:
In 1993, after bitter struggles and against all odds, AIBEA and AIBOA achieved pension scheme for bank employees. Today, once again, with the leading role of AIBEA and AIBOA, another milestone has been anchored. More than 3 lacs bank employees, officers and retirees will now get another option to join the pension scheme to insulate themselves with this unique social security benefit. It is a very commendable achievement indeed.
Dear comrades, with the signing of this Minutes, the main understandings have been reached. Now the UFBU will be taking steps to expedite the final settlement with revised pay scales, allowances and other improvements and thereafter for implementation of the same and payment of arrears to the employees.
Dear comrades, on this happy occasion, it is necessary to remind ourselves that these achievements were preceded by persistent efforts and protracted negotiations by the leadership of UFBU and backed up by the exemplary unity of the bank employees and officers and their successful participation in the strike actions. It is the result of our unity, militancy and perseverance."
Source : AIBEA (The text is as available with AIBEA website)
SBI Association walked out of the meeting, NPS for new entrants w.e.f 01.04.10.
Representatives of SBI employees unions walked out of the deal saying their interests were not protected. But with the United Federation of Banking Unions, the body that represented nine employees associations, signing the minutes of the meeting, the deal is said to have been clinched. Now SBI employees would have to negotiate with the management to ensure that their interests are protected.
SBI Officers may go in strike.
Wage Increases and Pension Option
Wage increase
Banks (all public sector banks, some old generation private sector banks and a few foreign banks) have agreed to an aggregate annual wage increase of Rs 4,816 crore (or 17.5 per cent increase over the collective establishment cost of Rs 27,520 crore as on March-end 2007 on account of employees), said Mr K. Unnikrishnan, Deputy Chief Executive, IBA.
About seven lakh bank employees, including officers, clerical and award staff, will stand to gain due to the wage revision, said Mr Vishwas Utagi, General Secretary, All Bank of Maharashtra Employees Association.
Further, 2.72 lakh existing employees and 35,000 retired employees will benefit as another option for pension is being extended to non-pension optees.
The total liability on account of existing employees exercising the pension option is Rs 6,000 crore and that due to retired employees is Rs 3,116 crore. The gap in the pension liability will be shared between banks (70 per cent) and employees (30 per cent).
Retired employees
Retired employees (non-pension optees), who were in the service of the bank as on September 29, 1995 and March 26, 1996 and retired thereafter, choosing the pension option will be required to return the bank's contribution to the provident fund with interest thereof received by them at the time of retirement.
Further, they have to contribute to the pension fund their share of 30 per cent of the gap in pension fund.
Existing employees (non-pension optees) can exercise the pension option by contributing to the pension fund their share of 30 per cent of the gap in pension fund.
This contribution will be recovered from the arrears payable on wage revision.
According to the agreement, a defined contributory retirement benefit scheme will be introduced for workmen/ officers joining the services of banks on or after April 1, 2010.
Though SBI employee representatives too were part of the negotiations, they were unhappy with the pension agreement as the pension scheme of other public sector banks is better, said Mr Utagi.
The IBA and the unions will finalise the joint note within three months.
(With inputs from Business Standard and Hindu Business Line.)
819 comments :
«Oldest ‹Older 601 – 800 of 819 Newer› Newest»COMREDS
IT MAY OBSERVED FROM THE TENTATIVE PAY SCALES AND SPECIAL ALLOWANCES IT MAY BE OBSERVED THAT IN EARLIER SETTLEMENTS THE BASIC PAY AND SPECIAL ALLOWANCES WERE FIXED IN THE RATIO OF 1: 1.47 I.E IF EARLIER BASIC PAY WAS 10000 THE NEW BASIC PAY WOULD BE 14700,BUT AS PER THE INFORMATION ON AIBEA SITE THE NEW BASIC WOULD BE ARRIVED IN THE RATIO OF 1: 1.39
I.E. IF OLD BASIC IS 10000 THE NEW BASIC WILL BE 13900 LOSS OF RS.800
IN NEW BASIC.ACCORDING TO THIS FORMULA EVERY ON WILL GET LESS SALARY OF RS.1400 TO 2800 PER MONTH
(CONSIDERING ALL ATTENDENT BENEFITS
I.E. DA/HRA/PF CONT.FROM BANK)
DEPENDING UPON PRESENT BASIC PAY AND SPECIAL ALLOWANCE,PQP,FPP)AND
THIS LOSS IS FOR EVER.THAT MEANS UFBU HAD AGREED TO DIVERT THIS AMOUNT TO PENSION FUND FOR EVER.IN THE LONG TERM IF WE CONSIDER THIS LOSS THE AMOUNT WILL RUN IN LACS OF RUPEES.SO UFBU IS DECEIVING THE MEMBERS BY FIXING LOWER BASIC PAY.
SO COMRADES THINK ABOUT THIS AND DO NOT ACCEPT THE FORMULA FOR FIXATION.CAN UFBU LEADERS HAVE ANY EXPLANATION,ONLY EXPLANATION WILL BE GIVEN AS UNDER,THIS IS PROVISIONAL AND FINALISED AFTER DISCUSSIONS IN FURTHER ROUNDS.
MR MADAPPA AND PRAMODKUMAR
I FULLY AGREE WITH YOU.NOW TIME HAS COME TOSHOW THE LEADERS THEIRWAY.THEY HAVE MISERABLY FAILED TO FINALISE THE SETTLEMENT IN THE PRESCRIBED TIME FRAME.NOW WE SHOULD OBTAIN THE INFORMATION ABOUT UFBU LEADERS.WHETHER THESE LEADERS ARE IN ACTIVE SERVICE OF BANK OR HAVE RETIRED.IF THEY ARE RETIRED WHAT THEY ARE DOING THERE.THEY SHOULD RETIRE ON THE SAME DAY FROM UNION POSTS WHEN THEY RETIRE FROM BANK'S SERVICE.
ALL MEMBERS SHOULD PASS A RESOLUTION STATING THAT LEADERS WHO ARE IN ACTIVE SERVICE OF THE BANK SHOULD ONLY LEAD THE NEGOTIATING COMMITTEE.NO RETIRED
LEADER SHOULD REPRESENT THE NEGOTIATING COMMITTEE.
1. IT WILL ALSO BE DEMANDED THAT DETAILED MINUTES OF ENTIRE BUSINESS TRANSACTED IN THE 'MEETINGS, HELD DURING '90 DAYS' WITH IBA MUST BE PLACED BEFORE THE RESPECTIVE UNION MEMBERS. THIS WILL EXPOSE THE ROLE OF INEFFECTIVE NEGOTIATING COMMITTEE MEMBERS AND ALSO OF IBA.
2. WE ALSO WANT TO KNOW WHY IN THIS HIGHTECH AGE, UFBU WRITE A LETTER FOR SEEKING APPOINTMENT WITH CHAIRMAN IBAAND SEND THE SAME THROUGH MESSANGER? IF THEY DO NOT HAVE ANY FASTER MEANS OF COMMUNICATION WITH THEM OR BEFOOLING THE BANK EMPLOYEES BY MAKING DRAMATISED ACTIONS?
Pension and Wage has same value at this moment.
But All you see
What is result of Pension and wage points clubbing ?
Delayed......Delayed......
Please start to send one e-mail on
chv.aibea@gmail.com
I already started.
UFBU LEADERS WANT TO WRITE TO IBA CHAIRMAN AND WAIT FOR HIS RESPONSE SO THAT MARCH END IS PEACEFULLY PASSED AS PER THE HIDDEN AGENDA OF IBA AND UFBU. IBA CHAIRAN ACCORDING TO OUR CALCULATION, MAY CALL THESE BUCKETS DURING SECOND WEEK OF MARCH AND SPIT ON THEIR FACE. PROBABLY, DURING SECOND WEEK OF APRIL, THE LEADERS MAY GIVE A CALL FOR ONE OR TWO DAYS STRIKE.
WE KNOW THAT THESE LEADERS HAVE GOT NO GUTS TO CALL FOR INDEFINITE STRIKE AND IF THEY DO SO, THE IBA MAY WITHDRAW THE PENSION AND WAGE REVISION OFFER AS ALREADY DONE ONCE.
SINCE, LAST TWO YEARS THESE LEADERS ARE CLAIMING THAT THE WAGE REVISION WILL BE SIGNED WITH PERSUATION AND WITHOUT INDEFINTE STRIKE. MAY BE THESE LEADERS MIGHT HAVE GIVEN AN ASSURANCE/UNDERTAKING TO IBA THAT THEY WILL NOT GO FOR INDEFINITE STRIKE FOR SOME THING IN RETURN.
THAT IS WHY THE LEADERS HAVE NO FACE TO GIVE CALL FOR INDEFINITE STRIKE. ATLEST THEY COULD HAVE APPROACHED MADAM SONIYAJI THROUGH SOME INFLUENTIAL CONGRESS MPs. BUT BY DOING SO THE LEADERS WILL ANTAGONISE THEIR MENTORS.
IF THE MADAM SONIYAJI IS APPROACHED, THE MATTER CAN BE RESOLVED WITHIN AN HOUR.
my comment dated 24.01.2010 was ignore by the readers that "The MOU dated 27.11.2009 between IBA and UFBU will be water shed and demise of trade union in the Banking Trade union Movement because it will go the way the MOU dated 25.02.2008 on pension has gone. The 3 month of MOU dated 25.02.2008 never came to end and we are at such sorry stage in Jan 2010".
readers may note that no settlement will be signed within the broad parameters of MOU dated 27.11.2009
anil kumar
please expedite settlement over pension option because retirees are inching to death day by day.
akgoel
GOI vs PSBs
---------------------------
Reproduced from following Headlines:
Saturday, August 29, 2009
"PSU Bank Salary : Lower than their Govt. counterparts.": SBI Staff Association.
Sandeep said...
Hi all my name is Sandeep and working as Bank PO currently. I just read the comment of some persons who justify the high income of even clerks in govt. sector as compared to income of Bank PO's.
I have worked in the govt sector (Ministry of I&B) on the contract basis for 6 months.
These (Govt. employees)are the persons who hardly work for 2-3 hour a day.They come in office at 10:30 when the office timing is 9:30.
As far as education is concerned clerk eligibility is 12th pass. So it is ridiculous to compare a officer in Bank with a clerk in Govt. sector. there is no point giving same salary to both persons.
Officer selection exam is much tougher exam than any clerical exam.
As far as competition is concerned everybody wants easy money so more more people wants to go in govt. job thanx to 6th pay comms.
February 28, 2010 8:26 PM
---------------------------------------------------------------------------------------
chandan said...
Referring Sandeep 28, 2010 8:26 PM:
Dear Mr Sandeep,
Contractual job can't be compared with a regular job either in Government or Public Sector and I feel you are also much aware of that. I also find in last SBI 11000 Clerical job, a number of CRE (Contractual Executive/ Officer) of the same bank have appeared in this clerical examination, as because this clerical one is a regular job. So far my knowledge and experience is concerned, only in case of Doctors(Medicine & Surgery etc.) with good knowledge on his or her profession this calculation differs.
I don't know who gives the authority to bankers to criticise the GOI Officers & Employees. GOI employees are not getting their salary from banks' coffer. Whether they work for an hour or two etc. is the business of Government to look after ,not bankers or bank management.
Bank PO question is certainly tougher than GOI examinations, but it does not mean creams are joining in banks now-a-days. The cut-off percentage in Bank PO is much lower than GOI exams like SSC etc. Talents don't stick to banks now-a-days. That's why some banks like PNB etc. already introduced contract bond amounting around one lakh for a three years period on joining of PO. Unions are also mum on this type development.
More over I feel Tax-Asst of SSC is presently better than a Nationalised Bank PO on over all respect. The matrimonial value of a Bank PO drastically has been reduced in society after sixth cpc and 17.5% increase in Ninth BPS.
More over those who are involved in loans & advances in banks, right from field officer to branch manager and their next higher authorities, many of them are corrupt equally like many government offices and only a few of them are either really honest or stick to honesty due to several fear psychosis.
All these observations are from my eight years stay in Government departments and seventeen years completion in a nationalised bank.
Thanks.
February 28, 2010 11:16 PM
Referring Chandan Feb 28,11.16 P.M.
I strongly object ro the sweeping comments like "More over those who are involved in loans & advances in banks, right from field officer to branch manager and their next higher authorities, many of them are corrupt equally like many government offices and only a few of them are either really honest or stick to honesty due to several fear psychosis." made by any one. It may be your personal experience or you may be in an institution(read bank) like this, but no one gives you authority to make such derogatory remarks about a part of banker community. My personal feeling is that bankers are more or less honest, except for there may be a few exceptions like the one around you. Regards.
Referring Kundan 1, 2010 12:58 PM:
Dear Sir,
Please cool down. I am not a yesterday's chap in bank service. I have already completed long Seventeen years in this industry. Here I am also not quoting Harsad Meheta's security scam in 1991. Many Bankers were scapegoats due to the system failure in that case. Your Chairman and a MD also lost their jobs at that time. This is not the discussion here.
I am surprised to found many officers just getting ten to fifteen thousand more than a clerk are purchasing houses of forty/fifty lakhs, whose interest portion, if loan availed, will be around thirty thousand+. One more point to aid, Agriculture background officers in PSBs, that you called in your bank RDO, are more prone to this vices than others.
Request not to take it personal. I am also in bank. I observed many thing in this matter that can't be proved in pen & paper, but only can feel. This trend is gradually increasing especially in Government sponsored schemes, where we know there is no real recovery of loan amount.
Thanks.
Referring to Sri Chandan-March 1, 2010 11:23 AM
The remarks made that those who are in loan portfolio are corrupt is far from truth.Without knowing in and outs of loan portfolio making such remarks exhibits ones level of knowledge and ignorance. Can he prove even in one case that any particular officer in loan portfolio is corrupt? If he can prove it is welcome.If he can not then what?.Just making allegations without sufficient proof will not be accepted as truth by those particularly who are not corrupt and handled loans for decades. Borrowers are not fools to bribe bank officers for loans. There is tremendous pressure on branch heads to reach advances target and are struggling to find good borrowers.If any borrower is declined loan by any bank manager, he can always refer the matter to the concerned Head office of that bank through I-Net and get the matter clarified.If any officer is corrupt, there are several ways to fix him. The number of corrupt cases booked against government officials is the mirror to see the facts when compared to bank officers booked for corruption.If it is for the government to take action if government staff are not working similar is the case of bank officers and it is for the bank's managements to book cases against bank officers for corruption and not for others to comment blindly without knowing facts.An officer who has purchased a good house need not be from his own income. He may be having several other sources of income.
Referring SHANKAR 1, 2010 5:27 PM:
Dear Sir,
With due respect. Sir, Twenty-two hours has already been passed away from the post of this comment. Four bank officers has responded against the motion, but not a single award staff till now. What's the reason?
While talking about loan & advances I particularly referred Government sponsored schemes with subsidies. Not on big proposals run in crores. In GOI there were/are officers like Satyendra Dubey (NHA). GOI vigilance may be more vigilant than ours, that,s why more cases might have been booked there.
"An officer who has purchased a good house need not be from his own income. He may be having several other sources of income" as you mentioned; is it taxable income? Very rare officers have this type of source that can meet the type of expenses I mentioned. Sir, I have seen and observed the set up in our industry. I don't know what was happened in decades back, but what ever I present here that is only from my experience, onwards my joining in this industries in 1992 observing a number of banks internal set-up.
It also should not be a fashion of bankers, for trying to proof GOI officials incompetent, corrupt, babues etc. as and when. When I was in a Government job prior to my joining in this industry, I can recall this type of big brother attitude from bank employees. At that time bank salary was almost double compare to a similar job in Government.
However with all respect to you I must say, "Honesty is the Best Policy". And for this the world is going on.
Thanks.
Dear & Resp.
Sorry
But Please stop to disrobe ourselves,Please do not undress our banking sector.
Nobody can refuse for corruption in bank.But its percentage is very very low means nothing.All knows now a days corruption spread every Where,It may be more or less.
It is 100% right that there are more honest employees in banking sector other then others.
Its means not 0%. O.K.
Wishes you Happy Holi.
#** I have resigned as member of my union.Already submitted.
Referring to Sri Chandan-March 1, 2010 7:23 PM
I can understand your sentiments. But my point is very clear.Corrupt people will be corrupt where ever they go.Non corrupt will be non corrupt wherever they work. If a bank officer is found to be corrupt, it is the duty of all his colleagues to ensure that he is booked and punished.Why others should get bad name for the sake of one corrupt person.
You know why I am mentioning this. I was charge sheeted in 1991 once by my RO since the branch head complained against me as I exposed all his misdoings openly.But after submitting my reply, believe it or not till date, that is even after 19 years nothing happened to me as I was correct.I handled loans for 2 decades and as a Branch head I too had to sanction crores of rupees as loans to hundreds of borrowers including Government sponsored schemes.But I never expected even a cup of water from any borrower.I got respect like a king in the area.Every thing depends on our culture.Your remarks should make corrupt officials guilty and awaken them from such dirty practices and at the same time honest officials should never feel hurt.As Sri Sanjay Bhat said let us conclude this.
With regards-Shankar
Referring SHANKAR 1, 2010 7:52 PM:
Thanks. Let's conclude it here.
@Mr chandan
It seems from your comment that you are having a grudge against officers community... You just cant question anyone source of income and where from he has earned it..... whether he has declared it in his taxable income etc etc.... YOU DONT HAV A RIGHT TO DO THAT.... Is this because of your inability to get promotion as officer or is it because you have been denied a leave by your BM.... You hav struck a sensitive chord ..so there will be outburst because nearly all "employees" do their job to the best of their abilities and the least they expect is not being branded as dishonest in this open forum and that too by one of their own senior collegues.... You talk of dishonesty by senior officers... how many award staff sit at the cash counter after 4 PM and serve the customers... This despite the GOIPORIA committee recommendations that customers present within the banking hall at 4 PM should be served. and how many award staff open their cash counter by 10.... ??? is this not a dishonesty to the organisation.... and your comment that none of the award staff have replied while 4 officers have replied was very childish.......
PS- we are diverting from the main issue of this blog. This blog headlines says ""UFBU SIGNS MINUTES WITH IBA : Pension Option with 17.5% hike. SBI Leaders walk out."...It will be better if we stick to this topic and dont make personal allegations and counter allegations. Washing dirty linen in public wont increase the 17.5 % offered by IBA rather will make us a laughing stock.
Mr.Shankr and Mr.Chandan Sir,
Thanks.Thanks.
Referring Nishant 1, 2010 8:28 PM:
You are late comer. I have already closed the discussion on the topic as mentioned in my comment just above yours.
So Sorry, can't discuss further.
Thanks.
NOW THAT 90 DAYS PERIOD FROM THE DATE OF THE SIGNING OF MOU IS OVER. WHAT IS LEGALLY OR TECHNICALLY THE FATE OF THE MOU.IS THERE A PROVISION TO EXTEND THE PERIOD LIKE IN PROPERTY DEALS.IT IS UNFORTUNATE THAT THE TRUTH OR FACT OF CONSENSUS NOT REACHED AT THE FAG END OF THE MOU PERIOD.
AIBEA leaders widely spreading that Settlement is already signed and only pension have to be finalised. In our area(Kerala) this false propaganda spreading in each branch after 25 th Feb .Many of our collegues are unaware what is happening around us.So in very near future our leaders have to answer why they are misleading thier members...
Resp.Nishantji Sir,
Please don't start new topic like
OFFICERS Vs CLERKS.
You are very right We don't divert from main issue pension and wage.
"BUT BAD HABITS ALWAYS BETTER THEN CORRUPTION."
#* Bad habits means not serving customers in timely manner(As per Goipuria Comm.etc).
You also trying to struck a sensitive chord,Sir.
Don't raise ability and inability topic,Now.Otherwise I can't stop myself Because all knows How much knowledgeable persons in our sectors.
Sir,I have seen one(my) Senior Manager.
They have not knowledge about profit and Loss stands in Which side of balance sheet either Asset or Liability ? Every Friday they have to observe at corers of rupees business branch.Every one has their own reasons for getting or not getting promotion.Nobody should be jealous.
For point out purpose I am giving my example.
My father was also banker and due to their every 3 years transfers I disturbed in my study.I am not want this will be with my children.
Please don't believe that Who got promotion is always clever then Who not got.Now days our Government's many rules also affects promotion exercise results.
Please do not take it personally.
Regards.
MR.NADAF OF AIBOC VIDE HIS LATEST CIRCULAR INFORMS THAT NONE OF THE PROPOSAL PUT FORWARD BY THEM IS ACCEPTABLE TO IBA.IN THE ABSENCE OF DETAILS OF PROPOSALS PUT FORWARD BY UFBU,MEMBERS CANNOT MAKE ANY ASSESMENT OR COMMENT. ONLY TWO PROPOSALS MADE BY IBA IN RESPECT OF OFFICERS WAGE REVISION IS IN CIRCULATION.MR.NADAF FURTHER SAYS THAT UFBU DESIRES EQUITABLE DISTRIBUTION OF WAGE HIKE AMOUNG ALL OFFICERS.IF SO WHY SBI LEADERS WANTED A SPECIAL SHARE OF 132 CRORES OUT OF 2200 CRORES OF WAGE HIKE OFFERED FOR ALL OFFICERS AS A WHOLE FOR A YEAR.SBI LEADERS HAD NOT SIGNED MOU DT.27.11.09.WHETHER SBI LEADERSHIP IS BACK WITH UFBU AND THE COMMITTMENT IF ANY MADE BY UFBU IS STILL BINDING ON THEM.IT APPEARS THE UFBU HAD NOT MADE THEIR HOME WORK PROPERLY.TAKING ISSUES LIKE ADDITIONAL STAGNATION INCREMENT AT THE TAIL END OF NEGOTIATION IS A FIT EXAMPLE FOR THE SAME.AS FOR AS WAGE ACCORD IS CONCERNED BOTH UFBU AND IBA ARE GOVERNED BY THE MAGIC FIGURE OF 4816 CORES OF INCREASE PER ANNUM.THE QUESTION OF ADDITIONAL DEMAND HAS NO MEANING.ONLY SUCH NOT PROPERLY THOUGHT DEMAND MIGHT HAVE MADE THE IBA JOB EASY.THEY SIMPLY REJECTED THE SAME IN VIEW OF COST FACTOR.AS FOR SECOND OPTION OF PENSION IS CONCEREND MOU IS VAGUE ON CERTAIN MATTERS.TO BE MORE SPECIFIC THE DATE OF IMPLEMENTATION.WHAT PREVENTED THE UFBU LEADERS TO MAKE A MENTION ABOUT DATE OF IMPLEMENTATION FOR RETIREES.WHETHER UFBU ASSUMED THAT IBA WILL AUTOMATICALLY IMPLEMENT IT FROM DATE OF RETIREMENT.NOW IBA SAYS IT IS FROM DATE OF SETTLEMENT.ONE OF THE CONSTITUENT OF UFBU SAYS THEY ARE STRONGLY PERSUING PAYMENT OF PENSION ARREARS FROM 01.04.2008. LIKEWISE IF THE PENSION LOAD CONCEPT IS NOT AGREEABLE THE SAME OUGHT TO HAVE BEEN INFORMED TO IBA BY UFBU.TO BE MORE TRANPARENT THE UFBU IS DUTY BOUND TO RELEASE THE DETAILS OF COUNTER DEMAND MADE ON EACH AND EVERY OCCCASSION FOR VARIOUS PROPOSALS OF IBA.THAT ONLY WILL BRING SOME KIND OF CONFIDENCE AMONG MEMBERS.ALSO THE MEMBERS WILL HAVE AN OPPORTUNITY TO KNOW WHETHER THE DEMANDS OF UFBU WAS JUST AND REASONABLE.NATURALLY IN SUCH AN EVENT IF UFBU IS RIGHT IBA WILL BE EXPOSED OR VICE VERSA.IT IS PERTINENT TO POINT OUT THAT UBFU HAD SO FAR KEPT THEIR MEMBERS GUESSING.NATURALLY THIS HAD AROUSED SUSPICION AND DISBLIEF ABOUT INTENTION OF UFBU AMOUNG MEMBERS. R.JAYARAM
Referring to Sri Maharam-March 1, 2010 8:53 PM
The wordings used in MOU dated 27.11.2009 are as under:-
01.
"The parties will endeavor to finalize the Memorandum of settlement/Joint note within a period of ninety days from the date of this minutes"
From the above it is clear that there is no binding on both the parties to legally to finalize within 90 days from 27.11.2009.
However , since the MOU was signed with the intervention of The Chief Labour Commissioner at the behest of the Government of India,it is learnt that both the parties are required to appraise to them periodical developments if any.
But everybody knows that both the Chief Labour Commissioner and the Government of India are not bothered to enquire unless there is
one more strike.
15000
15600
16200
16800
17400
18000
18600
19200
19900
20600
21300
22000
22700
23400
24100
24900
25700
26500
27300
28100
28900
29700
30600
31500
32400
33300
39200
40200
41200
42300
44400
45600
46800
48000
49200
50500
51800
53100
54400
This is the basic pay structure praposed by IBA. The problem for oficers is that huge jump in 33300 to 39200 ie for executive scale V which is not acceptable to associations they want running scales as in old settlements.
Associations will not accept to this at any cost.
Com C H Venkatachalam and Com.G.D.Nadaf
Sir Good morning and good wishes to you.
We are really proud of you, you have been guiding bank employees and bank officers. The purpose of this open mail is not to protest or insult you. This mail is only to express the majority of Bank employees concern and self-pity.
1) The very purpose of enlarging the tenure of bipartite period into 5 years is to cut short the time taken for arriving at settlement with IBA and ensure implementation without time loss. The 8th BPS ended on 31.10.2007 and almost 28 months passed and still there is no sight of the settlement.
2) Why you people signed the MOU with validity period of only 90 days, when you and your team are not capable of completing the task in 90 days period.
3) If I am not wrong that the Charter of Demand was submitted to IBA on 29.11.2007 and after submission of the charter of demand, you have called for strike on 4 occasions, went on strike on two occasions, but did not achieve anything.
4) You as Convener met IBA for more than 25 times, and signed a MOU as early as Feb 2008 and what is the topic you people discussed with IBA.
5) What is the amount of TA/DA spent so for the picnics/meetings.
6) What is the amount lost by members on account of salary cuts on account of strike.
7) Only In Banks NO WORK NO PAY. But the strike day work is carried forward and completed on the next working day without pay.
8) AIBOC is playing a totally different game. They claim they are working people.
9) Not only me, but also several bank employees are very much vexed with you UFBU.
10) Please dissolve UFBU since you people are not capable of achieving anything for the bank employees.
11) We are eagerly waiting to say Good Bye to you Great leaders.
12) We are already watching this type of tamasha through TV/Films.
Good bye.
Referring workplace bullying 2, 2010 8:36 PM:
Thanks. Your open mail represents the inner voice of majority bankers on UFBU. Please carry on.
Thanks.
Dear Sir
We have been Shafted \cheated by the Unions\associations&IBA
I apologize to all
REVI
Revi Unni Sir,
Late came but the best came.
I am Thanking you.You understand realistic situation.
This time leaders crossed limits of negative games.
I proud of You.Last time you criticize me for my comment on Mr.mml gupta saheb.I have aslo tell sorry to Gupta Saheb by E-mail.They also know facts.Gupta Saheb also reply me with grate knowledge.
Thanks again Revi Unni, Sir.
Regards.
Dear Sirs, have u seen the condition of west bengal under left rule? what more u can expect from our bank netas who are guided by the same party netas?
Regarding corruptiion in bank, i like to refer that due to blessings of cross selling products; many disbursements are being channelled into MF & Life Ins products. same has been agreed by SBIOA in their circular. is it not an organised corruption?
Sir,
Whether the validity period of MOU exended up to March 26 th? AIBEA GC member emphatically saying it exteded and pacifying members!.But no such information available in AIBEA/AIBOC WebSites.Any information?
Referring to Sri Sanjay Bhat-March 2, 2010 6:49 PM
I pity you. If your E mail is blocked by unions it is your fault. Why are you telling truth? Start telling all false things now onwards. Better you change your name from ‘SANJAY BHAT” to “PRAISE BHAT” and go on praising union leaders. Tell them that they are the most efficient leaders in the world. Tell them that whatever they have achieved so far is the best and it can not be achieved by anybody in the world. Tell them that there was an error in MOU dated 27/11/2009, that instead of “90 days from the date of MOU” it should have been “90 weeks from the date of MOU” for signing the settlement.
Then automatically your E mail gets welcome. Instead of adopting this method why you are unnecessarily blaming them? Am I right? Sorry if I am wrong.
Our Union Leaders are posing themselves just like KINGS of medieval era and expect that type of flattering from us as done by the public to the KING during that era.
SHAME SHAME SHAME
Shankar Sir,
I can't understand What is the meaning of "unnecessarily blaming them"?
I am happy to blocking of my e-mail,because atleast they reading me,listening me,Without reading nobody want to do that.
you are right.
I have not hobby to blaming others without reasons.I never adopting this type of methods.If they have done well then I don't feel shame to appreciate them,It should be must.I can't seat like monkeys of Mahatma Gandhiji.
I can't write here with change of display name.I know very well some persons written here with different name with different view on same topic.I never can't do this.Please don't push my painful vein.
Regards.
Writing here is not my hobby and I don't want to prove anything here.My aim is to alert my friends for injustice only.For that anybody can laugh for me.
But one person Who criticized me for my comment to Mr.mml gupta Saheb,Now this person accept like :
Revi Unni said...
Dear Sir
We have been Shafted \cheated by the Unions\associations&IBA
I apologize to all
REVI
Its sufficient for me.
If anybody laughing on me and believe my comments are nonsense then also I have no problem.
That is their perception, mine is other.
Referring Sanjay Bhatt 3, 2010 10:49 PM:
You failed to feel the inner meaning of Mr, Shankar's post. In an indirect way he praised you for your doings and criticised union people for blocking your mail. I am surprised, why are you failed to read this humour between the lines? Please reread the post and you find the correct meaning.
Thanks.
Referring Mr. hitler & Mr. Kundan:
Nothing can be termed as First class or Third class in Financial Institution like ours. Look at Bank of India. What was its position three/four years back? Today it is the number one among nationalised banks in profit count. See to UTI. Have a look on India Bank's huge loss during the former chairman M. Gopalakrishnan who sentenced to 14 years in prison. So everything is not in the control of officers/employees of the concerned banks in PSBs. More over someone luckily get into a profit making PSB never means the particular person is more efficient than others in a loss or marginal profit making bank. Apart from SBI recruitment through CRB- Bombay all other Nationalised banks' recruitment in PO during BSRB days up to eight/nine years back didn't maintain any parameter in allotment to weak or strong banks. BSRB-Delhi's topper could have been alloyed to Punjab & Sind and last one could have been allotted to PNB. In these cases how can you say that topper should get less than last- one because of his bank's performances? Is it natural justice?
The same Deputy Governor of RBI recently also presented another story.
--------------------------------------------------------------------------------------------
28th February, 2010: There are hot discussions going on among bankers since it has been reported that RBI Deputy Governor KC Chakravarty has now made it mandatory for promotion seekers in RBI to give an undertaking saying that they do not have any health problem or family problem.
Bankers are discussing whether soon, it be extended to bankers of public sector banks also? What will constitute a health problem? Whether having High / Low Blood Pressure, Diabetes will also be considered as a health problem. Does having old parents or wife or children, who have health problems will also constitute family problem?
If so, in today's time almost all bankers will be not eligible for promotions.
--------------------------------------------------------------------------------------------
I hope you duo must appreciate his, this move also.
Thanks.
Simply and Straight way I am SORRY.
Really I am failed to feel inner meaning of Mr.Sahnker Sir comment.Again Sorry.No excuse.
But due to that I have opened my inner voice here.O.K
Thanks to Mr.Chandan to vibrate me.
Shankar Sir,What can I do? I'm like!
Please write in understandable manner then it affects more.
Sorry and Regards.
g to Sri Sanjaya Bhat-March 4, 2010 12:32 AM
Very simple. Truth is always bitter. What ever true facts you are telling is not liked leaders.They want only followers who say "yes" to all there doings.Not persons like you who blast them when they are wrong.That is all.
Referring to Sri Sanjaya Bhat-March 4, 2010 12:32 AM
Very simple. Truth is always bitter. What ever true facts you are telling is not liked leaders.They want only followers who say "yes" to all there doings.Not persons like you who blast them when they are wrong.That is all.
Referring to Sri Sanjaya Bhat-March 4, 2010 12:32 AM
Please ignore the first one due to error in sentence-Go through this one
Very simple. Truth is always bitter. What ever true facts you are telling is not liked by leaders.They want only followers who say "yes" to all there doings.Not persons like you who blast them when they are wrong.That is all.
Cabinet approves bill raising gratuity limit from Rs 3.5 lakh to Rs 10 lakh.
I am happy today,Resp.CHV reply me.
Please see my e-mail:
On Tue, Mar 2, 2010 at 10:56 PM, Sanjay Bhatt wrote:
Resp.Com. C.H.Venktachalam,
Sir,It is very suspense created from UFBU. We can’t understand Why?
But We understand all games, tricks and reasons also.
Now no one has important pension and wage, because time is gone for to feel charm.
Now questions and problems in our mind is that Why no transparency?
No communications from leaders means they have thief in their mind.
Now We have no hurry for pension or wage. You can take your time for playing game with IBA.
We all proud of you.
Really We have proud for your passions even after 90days time frame finished and you nothing feel, nothing action.
Who is right ? You or Mr.nadaf. Mr.nadaf told that not a single time and on single point IBA has gave positive response then Why talks continue?
What is your passions, Sir?
We really proud of you.
Regards.
(#** We have no funds(money) and time to attend meetings for listen clarifications instead of fast mediums like e-mail or circulars)
REPLY OF C.H.VENKTACHALAM
Attachment:CIR NO.55.5.doc(95KB)
On Tue, Mar 2, 2010 at 10:56 PM, Sanjay Bhatt wrote:
Resp.Com. C.H.Venktachalam,
Sir,It is very suspense created from UFBU. We can’t understand Why?
But We understand all games, tricks and reasons also.
Now no one has important pension and wage, because time is gone for to feel charm.
Now questions and problems in our mind is that Why no transparency?
No communications from leaders means they have thief in their mind.
Now We have no hurry for pension or wage. You can take your time for playing game with IBA.
We all proud of you.
Really We have proud for your passions even after 90days time frame finished and you nothing feel, nothing action.
Who is right ? You or Mr.nadaf. Mr.nadaf told that not a single time and on single point IBA has gave positive response then Why talks continue?
What is your passions, Sir?
We really proud of you.
Regards.
(#** We have no funds(money) and time to attend meetings for listen clarifications instead of fast mediums like e-mail or circulars)
--
C H VENKATACHALAM
Here is Attached CIR NO.55.5.doc text:
CIRCULAR NO. 26/55/2010/5 February, 25, 2010
TO ALL UNITS & MEMBERS :
Dear comrades,
Talks with IBA today
One more round of discussion on our wage revision took place today between IBA and 5 workmen unions’ viz. AIBEA, NCBE, BEFI, INBEF and NOBW.
Continuing the discussions of last round of meeting held on 9.2.2010, today we argued for one more stagnation increment to be made available for senior clerks and sub– staff and it was decided to workout the cost implication of the same. As regards cost of rationalisation of special pay, after our pointing out the number of clerks and sub-staff involved, the revised working resulted in substantial reduction of cost. This additional available amount can now be distributed to other heads like Basic pay, HRA, Transport Allowance, etc.
On the important issues like costing the existing cost of pension, date of effect of pension option, balancing the cost between PF and Pension, etc. IBA maintained their standpoints and we informed IBA that these common issues will be dealt by UFBU.
For the information of our Units and members, we give below the following tentative proposals on which discussions have taken place so far. These are subject to finalisation in further course of discussions and effort is being taken to reach conclusions on all the issues and to expedite the settlement.
1. Basic Pay:
Sub-staff: Rs. 5500 – 200/4 – 6300 – 250/5, 7550 – 300/4, 8750 – 350/3, 9800-
400/3 – 11000.
Clerk: Rs. 6200 – 400/3, 7400 – 500/3, 8900 – 600/4, 11300 – 700/7, 16200 –
1300/1, 17500 – 800/1 – 18,300.
2. Dearness Allowance: 0.15% of pay per slab over 2836 points of index.
3. HRA: CCA is being clubbed with HRA. Proposed HRA rates:
- Places with 45 lacs and above : 9.50%
- 12 – 45 lacs : 8.75%
- 5 – 12 lacs : 7.50%
- Below 5 lacs : 7.00%
4. Transport Allowance: Rs. 200 p.m.
5. Special Pay: To be revised upwards w.e.f. 1.11.07
Rationsalisation: Clerks (a) All those who are not getting any Special Pay to be paid Rs. 1000 p.m. with some mutually agreed limited passing powers.
(b) All those who are getting some Special Pay now, will be revised to Rs. 1500 p.m. with suitable increase in powers.
(c) Head Cashiers & Special Assistants: These posts will continue with higher Special Pay.
Sub-Staff: Special Pay to be revised upwards with minimum Special Pay of Rs. 350 p.m. to all.
(to be continue)
6. It is proposed that, after such rationalization exercise, from 1.5.2010, Special Pay of Rs. 1000 for all clerical staff and Rs. 350 for all sub–staff will be added to the Basic Pay and Basic Pay will stand increased accordingly. Balance amount will be continued as Special Pay.
7. Medical Aid: Proposed at Rs. 2000 per year.
8. Hospitalisation: Under Discussions for improvements.
9. LFC: Under discussions for improvements. IBA has agreed that the present condition to avail
4 days leave while encashing LFC, will be deleted.
10. Part Time Employees: Those who are now in lump sum monthly wages will be upgraded
to 1/3rd wages.
11. Washing Allowance: Will be increased to Rs. 100 p.m.
12. Cycle Allowance: Will be increased to Rs. 75 p.m.
13. Project Area Compensatory Allowance:
Will be increased as under:
Group A: Clerks: Rs. 205
Sub-staff: Rs. 180
Group B: Clerks: Rs. 180
Sub-staff: Rs. 150
14. Split Duty Allowance: Will be increased to Rs. 125
15. Hill & Fuel Allowance: Same % rate on revised Basic Pay.
16. Halting / Diem Allowance: Being increased.
17. Income Definition for dependency: Rs. 3500 p.m.
18. Definition of family: To include physically challenged brothers and sisters with 40%
disability.
19. Road mileage rate: Will be increased to Rs. 3 per km.
20. Breakage Allowance on transportation of personal effects:
Being increased to: (with receipt). Clerks Rs. 1120; sub-staff: Rs. 745
(Without receipt) Clerks: Rs. 745; Sub-staff: Rs. 560.
21. Special Leave for women employees: Within the entitlement of Maternity Leave, Special Leave upto maximum of 45 days will be granted for undergoing Hysterectomy operation.
22. Special Area Allowance: Will be improved.
23. Fixed Personal Pay: Will be increased suitably based on revised Basic Pay.
24. Professional Qualification Pay: Will be suitably increased based on revised Basic Pay.
25. Gratuity: Will be paid based on revised Pay (Basic Pay + Special Pay) or under Gratuity Act
whichever is higher.
Comrades, it will be appreciated that most of the issues raised by us in the charter of demands have been covered so far. Some more issues still remain to be sorted out.
But it is important that the common issues like Pension cost, date of effect of option, cost balancing, etc are also sorted out before things are finalized. Attempts will also be made to further revise the Pay scales, subject to re-allocation of amount from one head to another.
Simultaneously, the process of drafting the pension option settlement is also being taken up. While these are positive features, we are concerned that on important common issues like pension costing, date of effect of pension option, balancing cost of PF and Pension, etc, differences persist between IBA and UFBU. These issues have also to be sorted out expeditiously.
While all efforts are being done to conclude the settlement, units and members are requested not to yield to unwarranted anxieties or misinformations.
Further developments will be informed to units in due course.
Warms greetings,
Yours comradely,
(C. H. VENKATACHALAM)
GENERAL SECRETARY
-----------------------------------
OPEN Quiz FOR ALL.
I can't find out answer for my single of question.They simply attached circular Which all text allready put on AIBEA web site.Nothing clarify by them.
But I am happy by reply of them.Because its prove that this blog comments noticed by UFBU and as well as IBA.
Question is that can you find any clarification?
Referring to -AEYDEE
March 4, 2010 7:57 PM
That Cabinet approves bill raising gratuity limit from Rs 3.5 lakh to Rs 10 lakh.
It is not clear as to whether it is from retrospective effect or not. If it prospective effect, it is of no use to those employees who have already retired.
A open mail to IBA
I felt very happy while going through the objectives of IBA in your website.
Para 13 to 15 very much impressed me and I wish to bring it to the members viewing before going through the mail in detail. This I highlighted on 27.2.2010 through this blog:
“To maintain continuous communications with the representatives of bank employees, to conduct talks, discussions, and negotiations with them and to arrive at Settlements.
To provide assistance and guidance to members in interpretation and implementation of Awards, Settlements, etc.
To assist, advise and guide all members and the smaller members in particular on all their needs, difficulties and problems of growth, development and working.
To act as an agent or a representative of a member or members in respect of matters connected with any of their operations working or administration.”
Sir IBA is body of the top ranking bankers in the country and the members are not ordinary common men but represented by Executing Directors, Chairman and Managing Directors of time tested and established Banks.
Whereas we officers and employees of Banks just less than a million bank employees serving the needs of more than one billion Indians. We constitute the backbone of the entire Banking Industry. Banking industry is the spring-board of economic successes of India. It is managed amazingly well with committed and the honest employees and the Indian economy is insulated against global recessionary trend.
IBA Manages the Banking Industry not with its committees but only with the employees in total. Enough is enough. Is it proper on the part of the IBA and Ministry of Finance to settle the wage revision talks amicably and thereby enable the banking employees to strive for ensuring overall progress of India to newer heights.
Why double standards. We the employees are not taking sides with the left or partisan forces and our unions and associations are not political bodies.
to be continued.
continued:-
Why there is no transparency in your talks with UFBU. In this technologically advanced scenario and the skill set available with IBA, the periodic wage revision talks are dragged like Chewing Gum. Even Chewing gums taste bad if chewed for longer duration. This is common sense, and neither of you seems to understand and stretch the negotiations beyond 30 months. Does this make any sense. You IBA members are well taken care of to enjoy the fruits of the employees hard work. Regarding Bank employees skill set, please note that we are also appointed only on merit and selected through tough competitive examinations and Bank employees are in no way inferior to government staff in any manner.
UFBU team is not functioning in the way they are expected to function only because of your devide and rule attitude. The UFBU team chooses IBA functionaries for their personal benefits and a group of close family and friends and promote the business through several favors extended during the periodic Meetings conducted in the name of Wage Negotiation. The UFBU is indirectly helping IBA team from embarrassing situations by cancelling the agitations and strikes called to pacify the employees in the final hour and IBA cools their bosses and grease UFBU leaders. It is reliably learnt that grade promotions process of several banks were to the favour of most wanted officers of the UFBU team. Besides business orders worth several crores, and Posting orders to a few on several occasions etc etc UFBU team also proposed several prospective NPA accounts and OTS/OCS sanctions in the banking industry leading to leakage of thousands of crores of Public Money.
9th BPS due on 1.11.2007. MOU signed on 27.11.2009 for finalizing the settlement in 90 days time, that too passed. Nothing is visible.
IBA please publish the entire Wage Negotiation Process if video taped or audio recorded along with the minutes recording either in the IBA website or through DVDs. Please arrange for live video recording of the WAGE Negotiation process and distribute it to the Banks for employees viewing or RBI website.
What is it you are sorting out with UFBU for over 30 months. What is the nexus between you and them. Why not IBA keep distance in matters of wage revision by recommending to the Government for forming a Bankers Pay commission.
Both IBA and UFBU are Crooks hence we doubt both of you for the delay and not concluding the wage revision. Better move away.
more to follow
It is the Officers and workmen, who made the nationalized banks earn a net profit of 21776 crores for the year ending 31.3.2009. In this the average employee cost is a meagre 13.76% to the total income. In spite of our contribution to the exchequer, the IBA was Silent after 24th Sep 2009 meeting of UFBU and UFBU was very casual. What is the hidden agenda between UFBU and IBA? G D Nadaf post a letter to the Ministry of Finance to make officers believe that he is there to take care of them. You IBA coolly REAFFIRMED your earlier stand and they were ready as per their earlier stand on major issues except some calculations and clarifications on future sharing.
Everybody has anticipated the call from IBA including the UFBU and hence UFBU staged a drama of an emergency session at CHENNAI. But to all our surprise the meeting ended without any positive approach and contradicted each and every proposal of IBA.
Bank unions, IBA sign wage pact on 27.11.2009, and UFBU convenor C.H. Venkatchalam said.“ The wage hike will benefit 900,000 employees belonging to public sector and old generation private banks like Federal Bank. "The actual benefit to each employee will be known over a period of three months after banks calculate it. The wage hike will cost banks Rs 46 billion annually," What were you doing after 29.11.2007 in the 25 meetings that were held in the name of Wage negotiation talks by IBA with UFBU? It is not a big Tamasha to fool every employee eagerly waiting for over 27 months and ready to wait further 3 months to conclude the talks.
CHV also said that employees who have retired after 1995 will be eligible for a second pension option. "Second pension option will benefit 300,000 employees and banks will have to bear an additional cost of Rs 42 billion on pension."
Copies of the MOU with signatures were posted in BEFI website. Several aspects were yet to be clarified. One thing is clear. You fooled UFBU and UFBU felt that it has gone too much and sacrificed to somehow secure the second pension option. How the scheme is going to be distorted. What will be the date of implementation etc are still untold stories
To be continued.
Every King was once a crying baby
and
every great building was once a map.
It’s not important where u r TODAY,
BUT
where you will reach TOMORROW is important.
Dear Sri Shankar, Cabinet approval of Graduity enhancement is a post facto act after the 6th CPC giving the increase with effect from 01.02.2006. Hence, it must be atleast effective from that date. Let us hope for the good.... at least here!
It is realiably learnt that AIBOC meeting with IBA chairman is happening today and based on the outcome UFBU and IBA will sit together and finalise the settlement. Signing of settlement will happen shortly.
Dear fellow bank emloyees,
It is time that all bank level affiliates to come out of AIBOC. Nadaf is doublecrossing/doubleriding. We have lost confidence in him.Some unions/associations are going to have their conferences. Members please censure your leaders.Don't allow them to postpone conference. Bare them out naked in front of all.Expose them.
Thru this let us record our NO CONFIDENCE in NADAF and hence AIBOC and UFBU.
If settlement is not done favourably in 7 days, IBA and the present negotiating team do not have anymore mandate for further negotiations.They have lost confidence of members. For any further settlement a secret referendum has to be taken in all banks. A secret referendum is immediately necessary to see if the present negotiating team enjoys the confidence and mandate of bank employees(both award staff and Officers).Mandate is available till they restrict within the published info. Now the discussions and negotiations are secret and is not within the published info of period and terms.Hence they have lost the mandate from members. So settle within 7 days OR come for fresh referendum.
KIND ATTENTION
The present team comprising representatives of UFBU AND IBA are negotiating for quiet a long time but they are unable to conclude based on the stand taken by the concerned parties/hard and tough bargaining.
IBA team is genuinely not having full powers to decide like pay commission judge and now and then even for small difference they have to refer to the north block.
Such a type of teeth less body is doing much harm to the bank employees in the form of inordinate delay which causes frustration to the cadre.
Hence if nothing materializes between the proposed Officers association meeting with IBA chief, then let the ministry can take an initiative with by deputing his colleague who is dealing the issue as an observer with necessary briefing with sufficient powers to bend or commit if necessary and can conclude the settlement with one or two sitting on a continuation basis ,without any further loss of time.
Settlement can be completed well before 20 th of this month and ad hoc payment of arrears and TDS there on can also be taken by the government to cover the mounting deficit at least by 1000 crores.
No USE OF CASUAL SITTINGS AND POSTPONING THE MEETING WITHOUT ANY FIRM DATE.
By this method the members are loosing the confidence in the bipartite machinery itself as settlement is not getting completed within reasonable time every time
ANYWAY NOBODY IS GOING TO BE HAPPY WITH THIS SETTLEMENT. NO PARITY IS GOING TO HAPPEN WITH SIXTH PAY COMMISSION SCALES. TO THE SERVING EMPLOYEES.
IBA IS HALF HEARTED EVEN IN EXTENDING THE PENSION OPTION BY NOT ACCEPTING BACK DATING OR ATLEAST SOME PARTIAL ARREARS IN THE NAME OF COST SHARING WHICH IS A NEW CONCEPT KNOWN ONLY TO UFBU AND IBA AND NOBODY ELSE.
SINCE UFBU LOST ALL THE CREDIBILITY TO NEGOTIATE AND SURRENEDERED TO IBA AND NOT ACTED AT THE TIME OF ELECTIONS, THEY SHOULD ACCEPT WHAT IBA IS OFERING THIS TIME . LET A NEW TEAM CAN DO THE HOME WORK PROPERLY AND CAN TAKE UP THE MATTER LATER.LET THEM DO JUSTICE TO EXISTING EMPLOYEES AND PENSIONERS.
IBA SHOULD AT LEAST IMPLEMENT 100% DA NEUTRALISATION TO PRE 01.11.2002 PENSIONERS WHICH THEY HAVE NOT IMPLEMENTED LAST TIME IT SELF AND RECTIFY THE ANOMALY AS USUAL FROM THE PROSPECTIVE DATE IN THEIR OWN STYLE AS NO BODY IS THERE TO REPRESENT THEM
LONG LIVE INDIAN DEMOCRACY. LONG LIVE IBA. LONG LIVE UFBU .
K BALASUBRAMANIAN
DEAR COMRADES
BELOW MENTIONED IS A PUBLISHED ITEM
UNDER TOP STORIES CAPTION IN MONTHLY NEWS LETTER OF INDIAN INSTITUTE OF BANKING AND FINANCE VOL 2 ISSUE NO.07 OF FEBRUARY 2010
"BANK STAFF PRODUCTIVITY DOUBLES IN FIVE YEARS"
EMPLOYEES OF INDIAN BANKS HAVE BECOME MORE PRODUCTIVE OVER THE LAST FEW YEARS.ACCORDING TO 'A
PROFILE OF BANKS 2008-2009' RELEASED BY THE RBI,THE AVERAGE BUSINESS AND PROFITS PER EMPLOYEE FOR INDIAN BANKS HAVE MORE THAN DOUBLED IN THE FIVE YEARS FROM
2004-2005 TO 2008-2009.THE IMPROVEMENT WAS DUE TO BUSINESS GROWTH OUTPACING THAT IN MANPOWER.INDIAN BANKS HAVE REGISTERED A TOTAL BUSINESS(ADVANCES,PLUS DEPOSITS) GROWTH
OF 135% FROM 2004-2005 TO 2008-2009
WHILE THEIR EMPLOYEE STRENGTH HAS EDGED UP ONLY BY 10 %.THEIR BRANCH NET WORK HAS GROWN BY 21 %.
SO COMRADES TELL THESE EYE OPENING FACTS TO OUR UFBU LEADERS.
dear comrades
HAVE READ THE INFORMATIVE STORY PUBLISHED BY ARUN ON THIS BLOG.
DO OUR SO CALLED UFBU LEADERS REALLY KNOW THESE FACTS ?DO THEY HAVE PRESENTED THE STATISTIC BEFORE IBA IN THE NEGOTIATING COMMITTEE MEETINGS.THESE FACTS HAVE ACCEPTED BY RBI.
IT IS VERY CLEAR THAT OUR UFBU LEADERS HAD SOLD THEMSELVES TO IBA AND GOI FOR HANDSOME GAINS AND OFFERING US A PALTRY RISE IN WAGES.
TILL TODAY NOTHING CONCRETE ACHEIVEMENT IS THERE.UFBU AND IBA ARE PUTTING VARIOUS PROPOSALS IN FRONT OF EACH OTHER IN EVERY MEETING WHICH ARE TO BE DISCUSSED IN DETAIL IN THE NEXT ROUND OF DISCUSSIONS.AGAIN IN NEXT ROUND NEW PROPOSALS WITH PRECONDITIONS AND TO BE DISCUSSED IN NEXT ROUND.
WHEN THERE WILL BE LAST AND FINAL ROUND AND SIGNING OF SETTLEMENT ONLY GOD KNOWS.
NOW DONOT RELY ON OUR LEADERS.DONOT RESPOND TO ANY AGITATIONAL CALL AND STRIKE FOR 1 OR 2 DAYS.DONOT PAY AND LEAVY AND ANNUAL SUBSCRIPTION FESS OF UNION.
IF 10 TH BP IS SIGNED WITHIN 6 MONTH FROM EXPIRY OF 9TH BP.THEN ONLY PAY LEAVY OF 9TH BP AND SUBSCRIPTION FOR NEXT 2-3 YEARS.
Flash
TALKS ON 14th
Sri Unni,
pooh...pooh...
u want us to believe? Talks , that also on Sunday? By these people?...
Did u sleep well? did u dream....
Sorrry...sorry..
Mr.Revi Unni Sir,
9 cheaters are enough for to become us fool.Now you also start like 9 gamblers.Please to us, Sir.Now We can't bear more.
Really IBA has worked appreciated.What ever they used divide and rule etc...etc. But they getting good results.
Regards.
Referring to Sri Arun-March 5, 2010 8:52 PM
I am IBA.
Yes. What you are telling is true. But why should I distribute all my profit to you? Whatever I am paying to you now itself is more.Am I not required to keep my profits to my followers so that they can enjoy in future ? You employees are not satisfied with anything and everything. Hence be get satisfied with what I am offering.
MR.SHANKAR
REFRENCE YOUR COMMENT 7.11 AM
06/03/2010
DEAR MR IBA
WHO IS ASKING FOR ENTIRE PROFITS ?
ONLY WE DEMAND FAIR SHARE.
ARE YOU AWARE THAT IN OTHER SECTORS 40-50 % SALARY RISE IS GIVEN.BE PRACTICAL AND DONOT LIVE IN FOOLS PARADISE.
Refer to Solmar-March 6, 2010 10:46 AM
You may note that 40 to 50 % increase of wages for Central Government is once in 10 years and not once in 5 years and also not out of profit. It is from Government out of budgetary allocation. So far by fighting in almost every way bank staff have not got more than 17.50 %which was rolled back to 10 %. In so far as this aspect is concerned I am
100 % practical.Don't be in the imaginative world of getting getting 40 % increase in wages in banking industry.
These are facts and will remain as facts which you may wait and watch.
CONGRATULATIONS TO ALL
ON
GOLDEN JUBILEE DAY OF MOU DT:27 NOV 2010
Referring SHANKAR 6, 2010 4:22 PM:
It is not 30 or 40% hike in sixth cpc, but a different story that changes the complete picture of a Govt job not only in GOI but also in many state services. I feel all members of this blog must aware it, so that it will help them while comparing our salary with sixth cpc. Please note that during third or fourth cpc there were also such levels of hike or more than that in initial stage of each scale. But why didn't those matter? Why I am in bank? I hope the text of the following letter certainly helps members in this regard.
-------------------------------------------------------------------------------
Suggestions and comments from public on sixth pay commission:
Sunday, 31 December, 2006 7:24 PM
From:
"CHANDAN DATTA" chandan79767@yahoo.co.in
To:
sixth.cpc@nic.in
"Revision of pay scales para 12.2 of questionnaire"
Dear Sir,
The pay in new scale must be fixed point to point basis in order to protect same number of increments earned in old scale by an employee in the line of public sector banks done in their pay revision in India.
Example-1
-----------------
If an employee earned 10 increments in old scale must be received 10 increments in new scale. If the number of increments will be reduced to 15 or such in sixth pay commission from the number of 20 increments of fifth pay commission, then this example of 10 increments must be fixed in proportion, i.e. 7th or 8th stage in that grade scale to protect reasonable and legitimate difference between a junior and that of a senior in same grade or scale. Care must be taken to protect relativity between scales and exact basic pay in different scales.
Example-2
-------------------
Basic 6500/- in 5000 to 8000 scale must have a relativity with Basic of 6500/- of 6500 to 10500 scale. They should get equal basic in their respective new scale to be fixed in sixth pay commission. Sorry to say this paraphernalia is not maintained in previous pay commissions. In case of, clubbing of number of scales into one scale, relativity of old basics among clubbed scales are to be protected. New employee of 1st or 2nd stage in a particular scale to be a gainer more amounts in percentage basis than that of a senior one in 10th or 15th stage of that particular scale is most unscientific and this must be stopped. All previous pay commissions had done all these injuries, which must be rectified by this commission.
Thanking you,
Yours sincerely
Chandan Dutta
--------------------------------------------------------------------------------
Wednesday, 3 January, 2007 11:49 AM
From:
"sixth.cpc@nic.in" sixth.cpc@nic.in
To:
"CHANDAN DATTA" chandan79767@yahoo.co.in
Thanks for the mail. The views expressed by you have been noted and will be given due consideration by the Commission.
G.S.Panwar,
Under Secretary
Secretariat,
Sixth Central Pay Commission
-----------------------------------------------------------------------------------
NB: I also tried to send similar suggestion in 1993 during formation of fifth pay commission, but as they had asked it either in floppy or in seven hard copies, that was not possible on my part me to do the same because of my posting in a remote rural branch at that time.
Thanks.
I have been reading comments for a long time now. I feel if you really want early wage revision/settlement,every member has resign from their union membership. Most of the members are still stick to their unions as they think they will help them in their transfer posting of their choice of place . Good Wages and other perks are only secondary thing in their mind. This is being exploited very well by IBA as well as all unions. I have join the bank in 2005 and i have not join any membership of any union. These unions are doing more harm than anything good for their employee.
Shri Nidhi,
You are telling 100% right.
"These unions are doing more harm than anything good for their employee."
I am also believed that then I have send my resignation to my union.
If We are not a member of any union then We have feel afraid from management and If We are member of any union and We speak against them then also We have to ready to suffer. Unions not working for all members transfer or other matters they only doing work of their nearby members only.
In both condition members are not safe then What is the meaning of Union.
They are not doing any favor,They are leaders and its their duties to solve our problems.
I think now everybody here are tired and discussed other points instead of party and transparency Which We will not get this time in any manner.Everybody satisfied with 2nd pension option.Actually Unions/Associations also want that and marketing 2nd pension option like the great achievement.Without party no meaning of any achievement.
Pension is social obligation for Govt. or Employer.Here in banking sector We are giving our own funds to bank,they manage our funds and paying pension.But If any loss or gap to paying pension then bank ask some % from employees.In Govt. not that like.What is meaning of this type of social obligation.
For our right IBA put 10 conditions.If We not accept their conditions then We can't get our right.And We all knows What is meaning of RIGHT.
We all are going on wrong track.
Because some trying for it and some like it.
Corruption,officer vs clerical etc are not a topics of this blog.We can start new blog for it.
DEAR SHANKAR
IF 40-50 % RISE IS IMPOSSIBLE WHY UFBU IN THEIR CHARTER OF DEMANDS ASKED FOR 40% RISE.ON WHAT BASIS ?
OR IT WAS BASELESS DEMAND.IT IS ALSO KNOWN FACT THAT IBA WAS READY FOR 32% RISE BUT WITHOUT PENSION OPTION. THIK HAI OUR LEADERS HAVE AGREED FOR 17.5% WHAT IS PREVENTING THE SETTLEMENT TO BE SIGNED ?DO NOT GLORFY UFBU LEADERS
FOR THIS ACHEIVEMENT.IF YOU HAVE ANY ANSWERS TO MY NINE QUESTIONS
KINDLY REPLY.
KINDLY
Referring to Sri Chandan-March 6, 2010 10:43 PM
Whatever may be the demand from us,chances of referring salary structure of Bank employees to Pay Commission is very very remote since our salary revision is linked to profits made by every bank. I am of the firm belief that Government will not form any Pay commission for our sake and it will be left with either each individual bank Managements or IBA.
You may recall that when Sri Panneer Selvam of Union Bank was chairman of IBA there was a demand from unions for 30 % increase in wages. But he was not ready to budge even an inch and informed that unions may go ahead with indefinite strike. Only after some bargain the wage revision was signed @ 9.50 % of the profit. These are facts. Hence I have learnt not to get carried away with illusions and imaginary figures. I have lost all hopes.
It is unfortunate that no circular and explanations have not been forthcoming from the UFBU regarding the fate of the negotiations on the expiry of the MOU and the what is further actions the UFBU going to take.Why leaving the members in darkness?
Referring SHANKAR 7, 2010 8:41 PM:
Dear Sir,
I must appreciate your balance between expectation and achievement. 30 or 40% is in no doubt an imaginary figure for us in wage revision, though union started to place 35 to 40% demand for wage hike, right from seventh BPS to counter the fifth cpc hike. Prior to that, even in sixth BPS such huge demand was not placed. The gap between demand and achievement in wage hike was more or less 10 to 15% during those days, which presently is more than 50%.
I have already cautioned UFBU that hereafter it is not talent but unemployed will join in this sector for employment due to this poor salary along with huge workload and risk factor. I don't know the HRD level of these UFBU leaders and their career during their school & college days including competitive exams for search of a suitable job. Because with out a good level of potentiality in these fields, it is not possible for them to feel and take a stock of my warning on future HRD of our industry.
This time PSUs of GOI accepted ten years revision instead of five years. That's why they also got a satisfactory wage revision in comparison to sixth cpc. Govt also this time offered us the same ten years revision as stated by C.H. Venkachalam in a related mail. We could have clinched that offer atleast to get a 30% hike as it is very clear like broad day light that Financial Pay Commission for this sector is just a dream and becomes a dream for ever.
Before conclude, one silver lining in the dark cloud:- We need a Rambilash Paswan, the man/minister changed the Bonus concept in GOI in late nineties in spite of resistance from different pockets of the then administration.
Thanks.
In Reference to Sanjay Bhatt earlier comment.
Unless all employees who are still part of these unions come out of this illusion that unions are helping them on their choice of posting, it is very difficult to break this ice.
Employees needs to understand that unions are wolves to control the sheeps (employees) at the instance of IBA or GOI. These unions are need of IBA and GOI without which it will be difficult to control employees.
As far as linking wage increase to profitability of bank, I need to ask why there is no linkage of profitability to wages for Air India or other PSU which are making huges losses and GOVT is pumping huge sum of Tax payers money to pay their astronomical wages.
Please come out of these unions at the earliest. We have defence forces with more than 12 Lakhs employees which is without any unions. If you will compare their wages and perks/facilities also it will be far better than ours. Let GOI directly fix our wages through some pay commissions and be accountable for that. In this case employees will be sure of getting a better deal.
If you still want unions for employees its roles should not be for negotiating wages, as they are incompetant to handle these issues.
Thanks
Nidhi
Mr.maharam,
Actually UFBU leaders are now speechless and confused.
They are not in position to tell something and confused about now How to be fool members,In fact they are not in position to declared any action because some hidden reasons or they are afraid from IBA/GOI.
If they want to declared indefinite strike then hiiden reasons stops them and if they will not declared any action then suffer from members disappointment.
We know well well BPS is not a game of children but in real UFBU leaders has not taken chances they have in past.
Referring Nidhi 7, 2010 10:24 PM:
Agreed with you view, but I being an ordinary bank employee need a forum or platform that can save me from the management's action in time of need. Can you have any blue-print in absence of union or union concept in our industry as ours is a complete different set up from GOI/State Govts & some other PSUs? If yes, then please have it for us. I am an erstwhile govt employee and have certain experience in Govt set-up in these areas.
Thanks.
Chandan Sir,
That means We should be bear with them.
Regards.
Referring Sanjay Bhatt 7, 2010 11:29 PM:
Definitely they are to be replaced either by our generation or by next generation, who are entering in bank now. No one will remember them in future. For them this organisation lost all its sanctity. 17.5% hike that they branded as the highest ever in any BPS is also achieved not for them, but owing to the shadow of sixth cpc on our wage though we failed to clinch a comparative parity. But before replacing them we must need an alternative because of our managements are not benevolent like west, rather they are very vindictive and there are so many instances are on record in this regard. So without an alternative I have to say, 'Anything is better than nothing' in respect of our protection. So think of concrete plan and place it here as early as possible.
Thanks.
Dear Sirs
Long time back a senior told me.Unions are a function of the management.Whatever the managements do the unions "explain" it to us.The leaders are kept happy by a few plum postings in transfers for them and a small group of loyal followers.But Then as Chandan put it What other alternative for us The Devil or the Deep sea???????
Referring to Sri Chandan-March 7, 2010 9:59 PM
I handled personnel department in a nationalized bank nearly 11 years
(2 Years as Senior Manager)in my service.I can declare that HRD matters attracts ZERO PERCENTAGE of IMPORTANCE in banks by the MANAGEMENT and when there is some UNREST it attracts a BIG ZERO PERCENTAGE OF IMPORTANCE BY THE MANAGEMENT. After doing some eyewash the matter subsides.
What is happening now. Members are kept in dark. Was there any meeting between IBA and AIBOC leaders. What was the outcome. Members are in agitated mood. Please let us not test their patience. Blog members if they come to know anything please share it in the interest of others.
WHETHER TIME IS RIPE FOR A JOINT APPEAL BY THE ENTIRE FINANCIAL SECTOR OFFIERS AND EMPLOYEES
I was surprised to see an insertion in THE ECONOMIC TIMES CHENNAI EDITION DT 08 MARCH 2010 BY LIC CLASS I OFFIERS ASSOCIATION informing the policy holders and others the meager offer of the government and the reality. It was a reasonable coverage highlighting the pathetic situation .
I n one or two of my earlier postings to the pay commission update blog I also made an appeal to the influential members of the banking sector to draft a suitable insertion like this in detail and circulate to various dailies including the pink papers.
The advantage of highlighting the status is as follows.
Customers can come to know where we are standing. They are thinking financil sector employees are best paid in INDIA.
They also can get a first hand information of what the VI th pay commission exactly means to central govt employees when compared to the government claim of 28%
How liberal approach the government has made when accepting the pay commission recommendations and public sector pay hike as a follow up effect at the time of general elections at a very huge debt burden.
We can put a question to the real bosses in the government language mainly CUSTOMERS that why government is shying away in extending the parity of wages.
This can be highlighted through mails to the politicians also and seeking their support
LIC is much better placed than the banks as the staff cost to total profit is a t a historical low of 6% , best among the financial sector. They can even seek parity with RBI scales considering the monopoly and undisputed position that they are enjoying in the Life insurance business.
Government is in a hurry to offer the most notorious figure of 17.5% to them also on par with bank employees which itself is running in trouble. When SBI wants to have upper hand by more or less doing same type of job except some government transactions, there is nothing wrong in LIC employees union / officers federation to break from the tradition of following the bank wages ands insist to settle a superior scale for them.
THE TIME IS RIPE FOR CONSOLIDATION AND JOINING OF ALL FINANCIAL SECTOR EMPLOYEES/OFFICER EMPLOYEES UNDER THE UMBRELLA OF ALL INDIA FORUM OF FINANCIAL SECTOR OFFICERS AND EMPLOYEES.(WITHOUT UNITY THE WORD UNITED AT PRESENT LOST ITS SIGNIFICANCE.) AND DEMAND IMMEDIATE WAGE REVISION ON PAR WITH SIXTH PAY COMMISION BY RETAINING THE EXISTING INTERNEL PARITY WITHIN THE SECTOR
AND FORCE THE GOVERNMENT TO GO FOR A SEPARATE FINANCIAL PAY COMMISSION WITH SUITABLE TERMS OF REFERENCE. PENDING THE COMMISSION REPORT AN INTERIM RELIEF OF 30% TO THE WAGES AS ON 01.11.2007 SHOULD BE ANNOUNCED. ONE MORE PENSION OPTION HAS TO BE RLEASED IMMEDIATELY AS IT IS NOT AN OPTION IN THE STRICTEST SENSE AS IT WAS DENIED EARLIER AFTER AMENDING THE PENSION REGULATIONS. THAT MISTAKE TO BE RECTIFIED WITHOUT ADDITIONAL COST BY ABSORBING THE SAME . DPRE 01.11.2002 RETIREES SHOULD ALSO BE COVERED UNDER 100% NEUTRALISATION SCHEME WIYTHOUT COST CALCULATION.NO OTHER METHOD IS GOING TO GIVE SATISFACTION TO THE OFFICERS SECTOR IN PARTICULAR AS NEITHER IBA NOR LIC MANAGEMENT ARE WILLING TO GIV E A STARTING PAY OF 15600+5400 GRADE PAY+DA +30% HRA , EVEN THOUGH IT IS GENUINELY JUSTIFIED ,WHICH IS RUPEES TEN THOUSAND MORE ON AN INITIAL STARTING BASIS.EVEN AFTER THE PROPOSED 17.5 % WAGE HIKE
to be concluded
WHY THE CONCERNED TRADE UNION LEADERSHIP HESITATING TO TAKE UP THE MATTER FORCEFULLY. WHY THIS SILENCE AND CASUAL APPROACH IN SETTLEMENT IS A RIDDLE KNOWN ONLY TO THE TOP ECHELONS OF POWER. POOR FINANCIAL SECTOR EMPLOYEES /PENSIONERS ARE ONLY SEEKING RELIEF WITHOUT DIRECTION OF WHAT TO DO AND BLAMING THEIR OWN FATE FOR TAKING THIS PROFESSION BY MISTAKE.
I MYSELF RESIGNED IN 1976 FROM A LECTURER POST IN A UNIVERSITY TO TAKE UP CLERICL JOB AND I CLIMBED UPO SCALE III LEVEL AND\ TOOK VRS UNER VRS 2000 SCHEME AND OPTED FOR PENSION.25 year sservice completed.
From 4940 pension in 2001 just at the time of VRS , now I am getting a pension of 12300 . Courtesy Supreme court for 5 years addition plus DA increase of 90 slabs now . No PENSION UPDATION.No 100% NEUTRALISATION. Everywhere there is a pit fall and UFBU mishandling and messing the entire thing since 2001.
Had I continued as a lecturer I would have drawn a basic of around 39100+ grade pay of 8000 maximum as an asst professor and ended with a pension of nearly 23000+plus DA . which may 150% more. No promotion was assumed . Only ill luck and cruelty of fate. Majority of the 1976 batch consists of post graduates who preferred clerical position to teaching position. Such was the attraction of the job at that time.
WILL THE AUTHORITIES CONECRNED CAN GIVE LIBERAL WAGE REVISION TO THE ENTIRE FINANCIAL SECTOR AND RECTIFY THE MISTAKE THAT THEY ARE DELIBERATELY COMMITTING BY OFFERING 17.5% MEAGER INCRESE AND SPOILING THE FINANCIAL SECTOR AS A WHOLE
.IN EVERY CAMPUS SELECTION THE FINANCIAL SECTORS ARE PAY MASTERS . BUT OUR IBA / MINSITRY OF FINANCE WANTS TO TREAT THE SECTOR SHABBILY.
CA C AMPUS SALARY IS AROUND 6 TO 7 LAKHS. GOING UPTO 12 LAKHS. WHETHER BANKS CAN AFFORD TO GET CA S TO MANAGE THE AUDIT DEPARTMENT BY OFFREING A SALARY OF MORE THAN THAT OF THEIR DGMS OR GMS.
SOMETHING WRONG IS GOING ON SOME WHERE AFFECTING THE ENTIRE FINANCIAL SECTOR EMPLOYEES AND PENSIONERS. THAT BLACK SHEEP WHO IS PREVENTING THE JUSTIFIED INCREASE TO THE FINANCIAL SECTOR EMPLOYEES AND PENSIONERS HAS TO BE IDENTIFIED AND ORGANISATIONALLY FIGHT IT OUT. THEN ONLY THESE EMPLOYEES ALSO CAN GET GOOD SALARY .
NO POLITICAL CLOUT.
TILL THAT TIME PRAY YOUR ISHTA DEIVAM/KULA DEIVAM . NO OTHER WAY.
K BALASUBRAMANIAN
Its not confirmed but as per SBI people told next meeting will held on 17th March 2010 with IBA.
A Open letter to the UFBU convener Mr.C H V'ji and AIBOC general Secretary Mr.G.D.Nadaf'ji, every body is wondering till today as to why you called for all india Bank strike on 6th and 7th August 2009. I am also wondering as to what effect it will have to the IBA and the GOI. It is reliably learnt that the very dates were given to you only by IBA. You want to catch the fish at the same time leave it again in the lake. Earlier strikes were called either to agitate and also make the IBA and GOI understand the strength of the working force, when there were leaders for us now ?
LIC has to follow suit of collective bargaining of UFBU as per tradition and this time also there will be no exception despite its very positive balance sheet and profit.
Thanks.
Ref Workplace bullying's open letter;
No use. Publish the address of the negotiating team,IBA, and the headquarters of all bank's unions both officers and award staff here. we will take copies of this blogs all and send bunches to these people everyday .
each one will send separately.We shall bombard them with mails everyday till they do settle positively.
Let us start it immediately.
Refering to Mr. Balan comment on " WHY THE CONCERNED TRADE UNION LEADERSHIP HESITATING TO TAKE UP THE MATTER FORCEFULLY".
These trade unions and IBA are two faces of the same coin. As I have mentioned in the blog ealier also that Unions are the need of IBA and GOI so that they can exploit poor employees.
Most of the employees who are still members of these unions feels that unions will protect them from management action in the time of need. Unless employees get rid of this illusion, they will be taken for a ride by such useless unions everytime.
There is a saying "If you donot like the result, change your approach". Do something different. Donot wait for things to happen, it will never happen.
Thanks
After the meeting with IBA on 25th Feb 2010, IBA stated that
AIBOC leadership will meet the Chairman IBA shortly for his intervention to break the stalemate in wage negotiations.
It is to be presumed that so far no such meeting was held.
How many days it will take just to meet IBA Chairman,forget about discussions with IBA.
In July 2009 leaders met Chairman, on same background, and now same story repeats again. For whose sake?
70-80% people in ICICI are contractual manpower supply. ICICI sucks them @ 6K- 7K per month for 12 Hrs 6-7 Days a week. So there is no comparison between PSBs and ICICI. PSBs are always been an integral part of the Indian banking scenario never sacrificing quality of service to retail customers for the sake of large bulk corporate clients.
Thanks.
Dear All
It is realiably learnt that there will be a meeting between IBA and UFBU and everything will be finalised. Arrears will be disbursed during the next month. Leaders are taking all efforts to get maximum.
MR PARAMESWARAN STATES THAT UFBU AND IBA WILL BE MEETING AND EVERY THING WILL BE FINALISAED, ARREARS PAID NEXT MONTH, WHICH I DONOT BELIEVE/AGREE. HE FURTHER STATES THAT LEADERS ARE TAKING ALL EFFORTS TO GET MAXIMUM WHICH I FULLY AGREE. IT IS NATURAL THAT THEY MUST TRY TO GET MAXIMUM TO SETTLE IN THEIR RETIRED LIFE.
Sorry I have omitted to mention the date as 15th March 2010.
It seems all blog members have become tired. No information is made available either in the union sites or by the blog members. As the days pass, the number of live retirees may also go down.
The union leaders , now know the members are agitated, and in fear of loosing their power , are now leaking rumours of talks.....let us not believe them.take it granted that they are betraying...untill we get the real effect of settlement.
no more blind believing them... send them feedbacks from this blog..
All unions are succeeded in not disclosing anything related to wage revision till today.But in the branch level leaders spreading false informations.I also doubt whether our members are really concerned about the present situation.Reason may be many.. because of the workload or members not aware of actually what is happening around or they still believ in false promises of thier leaders or no facility to access blogs like this one.In our bank after the introduction of "CORE" banking even email facility is restricted to only manager and an another officer.So there is no chance to access email for award staff .Also posting of other mails restricted in our bank.I hope more bank employees may participate in this discussion in near future.
LEADERS OF 4 OFFICER ORGANISATIONS WILL MEET IBA CHAIRMAN ON 11.03.2010 AT MUMBAI TO DISCUSS MODALITIES OF WAGE REVISION & PENSION
The above information is available in union bank website.
This in a political atmosphere where the central govt employees gained a stupendous increase in their wages even beyond their wild dreams, that too without the need to flex their union muscles even once. The Govt was generous to a fault and did not grudge the employees this bonanza, out of the revenue kit of the Govt.
1. After the meeting of officers union with IBA on 25.2.10 only AIBOC stated that they will meet Chairman ,IBA in order to sort out the stalemate in discussions.It took about 14 days to declare a date!
2.Latest news on Meeting of four officers union on 11th March with Chairman, IBA comes from AIUBOF.How many days it will take for next meeting for discussion with IBA to finalise the settlement is yet to be known.
3. AIBOC and AIBOA are silent on this point as on date!
4.It is clear that Chairman, IBA cannot do any thing on his own. Every discussions whether it is by so called Small Committe or any other committee will be done only as per directives of MOF/GOI.
5. Under this backdrop let us wait till Final Agreement on 9th BPS /Pension is signed.
6.On positive side,let us hope for the best. Surely a day will come for Bankmen/Retirees till then let us watch leaders celebrating "DATES" of expired MOUS and unfruitful Meetings!!
What a pity for us, bank employees,!!1 We ahve to celebrate the tea party on evenings by our leaders also as a great achievement !!! Shame on us!!!
Mr Parameshwaran , is giving various dates in different posts, creating a doubt that he is at instructions by somebody ....???
Let all members pray to their own gods to grant the boon of BPS 9.That is the only way now.
(Let leaders not know this. Otherwise they will spoil that also)
Let us have a competition.Prize to the person who correctly predicts the next talks date- condition : It should not go beyond 2020.
«Oldest ‹Older 1 – 200 of 412 Newer› Newest»
Blogger raju said...
" congrates for bank employee.at last the day came out.its a good news for all.though s.b.i has not signed MOU.hope they will soon get the rejoice.its a happy moment.njoy the pays wage.thanks to iba and ufbu.thanks".
Dear Raju
Please do not make fun.Mr Parameswaran has quoted only what has come in Union bank officers website
Revi
11-03-2010 MEETING: A PREDICTION!
AS SCHEDULED, REPRESENTATIVES OF ALL THE FOUR OFFICERS ASSOCIATIONS MET IBA CHAIRMAN AND STRONGLY PRESENTED OUR CASE. IBA CHAIRMAN GAVE A PATIANT HEARING FOR ALL OUR DEMANDS. HOWEVER, HE EXPRESSED HIS RESERVATIONS ON CERTAIN DEMANDS AND ASSUERED TO SEEK CLEARANCE FROM MOF ON CERTAIN ON OTHER ISSUES. THE MEETING REMAIN INCONCLUSIVE. CHAIRAMAN ASSURED TO SORT ALL ISSUES IN THE NEXT ROUND OF TALKS TO BE HELD SHORTLY. MEMBERS WIL BE INFORMED NEXT DATE OF TALKS WHEN FIXED.
Mr.Madappa,
You are telling right,I have also no hope and no trust on both UFBU and IBA.
Now leaders also spreading rumors like there are so many difficulties in calculating cost of pension and wage.They doing these to simply be us fool.Who can tell them Our Union Budget of India prepared in only 20 days every year and 9BPS is not a 1st BPS for banking sector.Our sector is 0 to 9 and calculations sector,Its our routine then also cheater leaders makes like that type of excuses.I think they forgot that We are employees of banks,In computer and IT time Who believed that so many difficulties for calculation of pension cost and wage?If difficulties then it can be solved in 2 or 4 or 7 or 15 or 30 days,At least in computer time.I am not sure but I have no faith and any hope from 15th or 17th meeting also.I also don't know it will done or not.
If our some seniors has good knowledge about calculations then Why leaders are confused.You also know through this blog like Mr.balan,Mr.Chandan....and others.
Johnny Johnny - Wage Revision - Ha Ha Ha
by
Subba Rao
We share below a small nursery poem sent to us by Mr. Subba Rao. This small piece of poem shows agony of the bankers, the indifferent attitude of union leaders & the IBA team :
Johnny Johnny Yes Papa
Banking Service? Yes Papa
Work Pressure? Yes Papa
Family Life? No Papa
BP, Sugar? Yes Papa
Wage revision? Ha Ha Ha Ha !!!!
HAPPY BANKING AND SLOGING
We all knows UFBU Leader's Valuation Report by Dy.Engineer(IBA small committee) and If anbody has today's latest VALUATION REPORT OF OUR FOUR BANGLOWS(4 associations) BY EX.ENGINEER(chairman IBA)
then post here for employees welfare.
So We can judge them more clearly.
FOUR OFFICERS ORGANISATIONS MET IBA CHAIRMAN AND HIS TEAM ON 11.03.2010. TALKS ARE FRUITFUL. NEXT DATE OF THE MEETING WILL BE INFORMED SHORTLY.
source- aiubof.com
Four officer’s Organisations met IBA Chairman on 11th March 2010 at Mumbai and discussed on salary revision will resume next week
source - aiboc.org
IBA UFBU MOF ARE IN CHORUS TELLING PENSION FUND GAP
CONTRIBUTORS TO THIS FUND ARE ASKING WHAT IS THIS ACCOUNTING TERM?
CAN ANY BODY ENLIGHTEN ON THIS ACCOUNTING SYSTEM ?
REGARDS
Means IBA Chairman has gave LOLIPOP in the hand of 4 officer associations leaders then March the month of financial year end will pass smoothly,And no tension for indefinite strike.
All friends please try to understand the game not from one side but both side.
"OK We will talk with you in shortly and 4 so called return with happy face to be fool members and announced meeting with IBA chairman and his team has finished with fruitful result.
oh! God...SAVE US.
You all think that What is my frustration,But I am not frustrated but I have got angry on time pass without logic.
Selfish Leaders makes bank employees worst then beggars.Leaders has make us priceless in eyes of IBA/GOI.
If meeting with IBA will held in next week and no fruitful result will come then another meeting and march will passed.Now no tension for 6 months for IBA side.What a logic.
If after this meeting 9BPS will complete then one thing will prove that without personal meeting with Chairman 9BPS and pension can not conclude.What an ego,Sirji?
Then UFBU leaders should be learn and in 2012 they should be met IBA chairman from starting of 10th BPS with shortly intervals.What an idea?
Dear Friends
When I asked my Association leader about the talks this is the answer I got"who told you there are talks"Humbly I said "The NET". Reply
is this "all these are unofficial talks that have being going on"
AHA PEPSI NOTHING OFFICIAL ABOUT IT!!!!!!!!!!!!!!
REVI
"Four officer’s Organisations met IBA Chairman on 11th March 2010 at Mumbai and discussed on salary revision will resume next week ."
(Source:AIBOC)
I can't understood 4 officer Associations leaders has gone to met IBA chairman for complaint or Request or Alms for continuation of talks.
How can they(leaders)behave even after MOU dt:27/11/2009 has finished.
My open request to all please think about my points.
Referring to Sri Iyer-March 5, 2010 10:20 AM
In AIBOC website dated 08.03.2010, it is informed that the date of effect has to be decided by the Parliament.If the date is not with effect from 01.02.2006, again it will be discrimination from employees of Government and other Public and Private sector employees.
You may note that other public and private sector employees are required to fight for their rights at each and every step they are climbing and it will not come automatically even when their claim is right.
FOUR OFFICERS ORGANISATIONS WILL MEET IBA OFFICIALS ON 15.3.2010 TO START WORKING OUT DETAILS ON WAGE REVISION AND PENSION
source: aiubof.com
Let us pray God that let this meeting be a final one.
from unions website
MEETING WITH IBA – 11.03.2010
An informal meeting with IBA took place at Chairman’s office, Union Bank of India, HO, Mumbai yesterday [11.03.2010] at the request of Four Officers’ Organizations.
The meeting was participated by Shri M.V.Nair, Chairman, IBA along with Shri Jagdish Pai, ED, Canara Bank, Shri K.R. Kamath, CMD, Punjab National Bank, Shri Dr. K.Ramakrishnan, Chief Executive, IBA, Mr K.Unnikrishnan, Dy.Chief Executive, IBA and Mr.M.Venugopalan, Officer on Special Duty IBA and also representatives of Four Officer’ Organizations.
In this meeting as earlier decided by Officers’ Organizations matters pertaining to UFBU related MOU on Pension etc., were not discussed.
We explained our subsisting demand and need for flexibility on the part of IBA. IBA Chairman was very positive and requested us to sit with IBA officials and sort out the matters, where after Small committee will meet.
Yesterday meeting was positive on some aspects.
Further developments will be informed.
AIBOC Version:
MEETING WITH CHAIRMAN IBA
The Chairman IBA gave an appointment on 11.03.2010, to the representatives of four Officers’ Organisations to discuss on our proposal on distribution of wage cost of 17.5% on various components of salary and allowances. An informal meeting commenced with a congenial atmosphere and went for more than 2 hours. Apart from Shri. M.V. Nair, Chairman IBA, S/Shri. K.R.Kamath, Chairman & Managing Director, Punjab National Bank, Jagadish Pai, Executive Director of Canara Bank, K.Ramakrishnan, Chief Executive Officer, IBA, K.Unni Krishnan, Dy. CEO and M.Venugopalan, Officer on Special duty from IBA participated in the discussions.
3. We presented our view on equi-distribution of wage load, method of calculation of HRA and Pension Cost, Need to finalisation of additional stagnation increments, residual issues etc. We also expressed our desire to complete the entire exercise of salary revision including residual issues and pension agreement before the end of the current month, and requested the IBA for next round of meeting with the core-committee immediately. The IBA representatives also shared their anxiety in completing the settlement at the earliest and to examine our proposals. Accordingly, there will be a meeting with the IBA officials with four officers’ organisations on Monday the 15th March, 2010 at Mumbai to arrive at amicable solutions on cost distribution etc. We have also provided a list of residual issues to IBA to be discussed and finalised simultaneously with the wage settlement. We were informed that, a draft settlement on pension issue is being prepared at IBA level, which will be provided to us for perusal, shortly.
4. Comrades, we are aware of the expectations of the grass root level membership and persuading with the concerned authorities to finalise the 9th bipartite agreement at the earliest. We request our membership to understand the genuine constrains of the organisations are confronted with, and the sincere efforts in resolving these to the satisfaction of the constituency.
5. We shall keep advised of further developments in the matter.
With greetings, GC. G.D.Nadaf
UFBU is pushed aside by IBA and members are anxious to KICK on your .....
You UFBU is begging now, and what were you doing for the past 30 months. Now you are saying all cock and bull stories.
It is finally IBA who will provide the working of wage revision exercise and it is better if members contribute and give toll to IBA and not UFBU.
Members have realised who you are and this should be your last opportunity to sign the settlement.
No more UFBU.
"There are about 60000 bank employees who did not opt for pension and got their PF. All bank employees who had retired after last option (1996) will be given another pension option. Total financial burden on this score is estimated as Rs. 4774.29 crore out of which Rs. 1657.79 crore bank contributions will have to be refunded by retirees who opt for pension. Remaining amount of Rs. 3116.50 crore will be shared by banks and new pension optees in the ratio of 70 and 30. Retirees have to share Rs. 934.95 crore. If we divide this amount by 60000, per employee burden comes to Rs. 155825. IBA and unions have to adopt methodology in such a way that amount is shared by each retiree in equitable manner. Tough there is no mention of recovery of interest on bank contribution, yet in my opinion bank contribution may be recovered with interest for the sake of equitable recovery."
"Staff to bear 30% of pension gap, estimated at Rs 1,800 cr; remaining Rs 4,200cr to come from banks."
” The IBA and UFBU entered into a MOU on 25.02.2008 on various issues. Extending another option for pension to those who did not opt for pension when Bank Employees Pension Regulation 1995 was implemented was one of the issues to be considered. Several rounds of discussion have taken place on the issue. An actuarial valuation of the liability was assessed through two commonly agreed actuaries who identified the total liability for extending another option for pension to non optees. “
All above sentence from this bolg only.
I am not being positive or favorable for anybody but today I have know from very reliable person(zonal secretary) it is right or not I don't know.
1)4 Association leaders met IBA chairman for requsting for that at the time of MOU out of total load Rs.1800 cr gap of pension but the actual gap come out after calculations of Two Actuaries has less then Rs.1800cr and then UFBU proposed difference amount should be compensate in pay now but IBA refused.
2)In last 25/02/2010 meeting IBA has geve 2 proposed pay scale structures for officer but in both only executives(over scale v or vi) will profitable and associations want parity for all scales officers.
I want to know it is right or not or its also one trick.
Referring to Solmnar-March 7, 2010 8:34 PM
Our unions are demanding in the range of 40 to 50 % wage increase every time and have got in the range of 9 to 13.50 % till 8 th BPS. These are facts and figures. IBA agreeing to 32 % increase without pension is also bogus since pension is a separate issue not related to wage increase and neither unions nor IBA can take unilateral decisions as lakhs of employees are waiting since past 15 years instead of fighting legally by reposing faith in unions.There is no letter from IBA stating that they were ready for 32 % wage increase as far as my knowledge goes. We may demand anything since sky is the limit. But what we get is important.
You may refer my letter in the blog on December 11, 2009 7:33 PM
(MOU SIGNED ON 27.11.2009)as to how unions are dealing.I am still of the firm view that getting 40 to 50 % wage increase in banks is a nightmare,by any union
Time will reveal the facts.
Referring SHANKAR 14, 2010 3:37 PM:
We have already discussed this 30-40% chapter. I am very sorry to find many members of this blog not having a minimum knowledge on HR, Concept of substantial wage theory in our country etc .Even many of them don't have any concrete idea on CPCs & State Pay Commissions that were taken place in last thirty/forty years. Very soon if time permits, I will go for a critical analysis in this blog on K. Anandakumar's comparison on Govt vs Bank, which posted by me under the Headlines 'A NOTE ON SALARY PACKAGE OF BANK Tuesday, February 9, 2010" on yesterday.
Thanks.
Referring to Sri Chandan-March 14, 2010 5:33 PM
Yes. You are absolutely correct.Early the better for you to come out with your analysis.
But it is unfortunate that majority of readers of this blog are writing without going through this blog from the beginning.My feeling is that we have a moral duty to enlighten them with actual facts since all are our colleagues and they may be writing with true ignorance and not with any intention of arguing with others. If everybody knows the subject well,it is good for all.
MR SHANKAR
REFRENCE COMMENTS DATED 14-03-10
IT IS AGREED THAT PENSION ISSUE IS A SEPARTE ISSUE.THEN WHY UFBU LEADERS LINKED THIS ISSUE WITH 9 TH BP SETTLEMENT ?WHY SETTLEMENT WAS NOT FINALISED EARLIER SEPARATELY ?WHY PENSION WAS NOT DEMANDED AT THE TIME OF 8 TH BP SETTLEMENT.DURING 7TH AND 8TH BP
SETTLEMENT HUGE AMOUNTS WERE TRANSFERRED TO PENSION FUND FROM THE FUNDS OF WAGE REVISION IN A DISGUISED MANNER THEREBY CHEATING THE MEMBERS.WHEN THE LEADERS REALISED THAT THIS IS NOT SUFFICIENT TO TIDE OVER THE SITUATION THEY THIS TIME LINKED THE
PENSION ISSUE WITH WAGE REVISION.
IN LAST TWO SETTLEMENTS PF OPTEES WERE DEPRIVED OF LEGITIMATE SHARE IN WAGE REVISION DUE TO TRANSFER OF FUNDS TO PENSION FUND.PENSION FUND WAS RUNNING IN DEBIT DUE TO INCOMPETENCY OF FUND MANAGERS FOR THIS PF OPTEES ARE NOT RESPONSIBLE.PENSION IS BEING PAID AT THE COST OF PF OPTEES.CAN YOU TELL HOW MUCH RISE A PERSON WILL GET THIS TIME IF HE REMAINS AS PF OPTEE ? IF HE IS GOING TO GET ONLY
17.5% ,HE IS PRESSURISED BY UFBU TO GO FOR PENSION.WHEN YOU SAY OPTION,WHERE IS THE OPTION IT IS COMPULSION.
Let us pray for a good settlement on 15-03-2010. As Bhagavat Gita says "Whatever we are entitled we will get it". No less No more.
Referring solmar 14, 2010 8:58 PM:
Trade unions are almost like quasi political parties. They play nasty politics. That is the reason to ask for 50 and settle at 10 like a footpath businessman.They don't have any scientific social study on their action taken or yet to be taken. Our bank union leaders are now a days acting like slum leaders instead of leaders of educate mass. They lost all their credibility to be the leaders of ours.
Thanks.
NO RESULT/SETTLEMENT EXPECTED ON 15-03-2010 SINCE, IT IS ONLY A SMALL COMMITTEE MEETING. ONLY MEETING AND EATING, NOTHING ELSE.
EVERY BODY KNOW AS TO WHAT IS EXPECTED FROM TOMMORROW's MEETING. WE CAN WRITE THE MINUTE OF THEIR MEETING IN ADVANCE.
SHAME!SHAME!!
A Good news to Bank Employees.
This is not due to UFBU, but by IBA.
If this doesn't materialise, let us all send individual representation to UPA Chairperson Mrs.Sonia Gandhi, our beloved Prime Minister and FM requesting their intervention for an earlier and amicable settlement and save the Banking Industry.
The 9th bank wage revision issue now on verse of final stage. The positive indications received from internal sources on final wage settlement. As sources indicates final sign on settlement by UFBU and IBA may be on 19 March, 2010. As per reports from bank employees and officers associations the award employees issues are finalized but some issues of officers are still under process and it may takes a further internal discussion.
As per a senior bank employee : it is fact that the PSU bank employees are not happy with announced settlement but delay in compliance of said settlement is also increasing annoyance in banking community. In developments towards wage revision, an informal meeting with IBA
took place at Chairman’s office, Union Bank of India, HO, Mumbai yesterday [11.03.2010] at the request of Four Officers’ Organizations.
The meeting was participated by Shri M.V.Nair, Chairman, IBA along with Shri Jagdish Pai, ED, Canara Bank, Shri K.R. Kamath, CMD, Punjab
National Bank, Shri Dr. K.Ramakrishnan, Chief Executive, IBA, Mr K.Unnikrishnan, Dy.Chief Executive, IBA and Mr.M.Venugopalan, Officer
on Special Duty IBA and also representatives of Four Officer’ Organizations.
In this meeting officer organisations explained their subsisting demand and need for flexibility on the part of IBA. IBA Chairman was very positive.
Accordingly, there will be a meeting with the IBA officials with four officers’ organizations is expected on Monday the 15th March, 2010 at
Mumbai to arrive at amicable solutions on cost distribution etc. They have also provided a list of residual issues to IBA to be discussed
and finalised simultaneously with the wage settlement. They were informed that, a draft settlement on pension issue is being prepared
at IBA level, which will be provided by IBA for perusal by the unions shortly.
As per reliable sources, some organizations are creating problem in way of final wage settlement by raising news issues and demands like Improvement in Pension Regulation parallel to central govt employees in respect of enhancement of age and revision rate of family pension. It may be raised after compliance of announced MOU. The delay in
settlement compliance will be loss to employees only.
A employee said that the banking community now praying God for smooth finalization of present settlement.
workplace bullying said...
"As per reliable sources, some organizations are creating problem in way of final wage settlement by raising news issues and demands like Improvement in Pension Regulation parallel to central govt employees in respect of enhancement of age and revision rate of family pension. It may be raised after compliance of announced MOU. The delay in
settlement compliance will be loss to employees only."
Yes,why they are creating unnecessary problems?.Why we are comparing with CentralGovt employees salary or with others?These unions are purposely delaying the settlement. New settlement implementation and arrears disbursal would have been taken place before Jan 2008 itself, if you accept the initial offer from IBA.Atleast from the next settlement bargaining should be avoided.Every one should happy with the offer from IBA.
Referring to workplacebullying-March 15, 2010 11:32 AM
This news has already been appeared in the website of unions.
DISCUSSIONS WITH IBA OFFICIALS AND FOUR OFFICERS ORGANISATIONS ON WAGE REVISION AND PENSION HELD ON 15.03.2010*TALKS POSITIVE * NEXT TALK WILL RESUME SHORTLY*
source; AIUBOF
Do the bloggers not feel that this is a news of some one and half year back meeting?
Referring to Solmar-March 14, 2010 8:58 PM
Unless you go through about 1500 comments appeared in UFBU_PAY COMMISSION blog since 27.11.2009 it will be difficult for you to understand the subject.All your queries are answered there.
Pension issue was raised by all PF optees in 1995 itself(Immediately after removal of restrictive clause)but it was not settled by unions/IBA. It is because the issue was not handled in the manner in which it should have been handled. They took 15 years to settle.
Even now there is no compulsion that you should opt for pension. You can remain as a PF optee even after this settlement.
All of us are asking the same questions what you are asking now, to various unions since 1995 but they are mum.
MR SHANKAR
REFRENCE COMMNET DATED 15-03-10
7.10 PM
FOR YOUR INFORMATION I AM OBSERVING
THE COMMENTS WELL IN ADVANCE OF THE DATE YOU HAVE MENTIONED.
NONE OF THE UFBU LEADERS ARE IN A POSITION TO CLARIFY/ANSWER ANY OF THE DOUBTS RAISED IN VARIOUS COMMENTS BECAUSE
IF THEY ANSWER THE REAL FACTS,
UNKI POL KHUL JAYEGI.
THE LEADERS ARE BRIBED AMPLY TO
CANCELL THE STRIKE IN MARCH 2008 AND NON IMPLEMENTATION OF MOU OF
MARCH 2008.THEY (LEADERS) HAVE NOT PRESSURISED IBA TO FINALISE THE SETTLEMET BEFORE LOKSABHA ELECTIONS,AND GOLDEN OPPORTUNITY WAS LOST.
CAN YOU TELL ME HOW MUCH RISE IN PERCENT WILL GET A PF OPTEE OVER AND ABOVE 17.5% ?IF HE IS GETTING ONLEY 17.5% THEN HE WILL BE AT LOSS.
ARE THE LEADERS SURE THAT ONCE THE GAP IN PENSION FUND IS MADE GOOD
SUCH SITUATION WILL NOT ARISE IN FUTURE ? OR AT EVERY SETTLEMENT
THIS GAP IS TO BE MADE GOOD BY PENSION OPTEES AND PF OPTEES.THOUGH THE PF OPTEES ARE NOT CONCERNED AT ALL FOR THIS GAP.
THESE LEADERS ARE NOT BOTHERED ABOUT WAGE REVISION OR PENSION. BOTH ARE NOT REQUIRED BY THEM. THEIR BELLY IS BRIM. LEADERS KNOW THAT THE MEMBERS ARE WEAK AND MEEK. DUE TO FEAR OF TRANSFER NO MEMBER CAN ANTEGONISE THE LEADER. THOUGH THE LEADERS WILL NOT HELP,BUT AT LEAST THEY WILL NOT HARM THEIR MEMBERS. WE HAVE SEEN THE LEADERS SUGGESTING THE MANAGEMENT TO TRANSFER/EFFECT PREMATURE TRANSFER TO THE NON-MEMBERS/MEMBERS OF RIVAL UNIONS TO INCONVENIENT PLACES.
THE WAY THINGS ARE MOVING, THE WAGE/PENSION SETTLEMENT CANNOT BE EXPECTED AT LEAST UP TO SEPT 2010.
AIBEA IS KIND ENOUGH TO PUBLISH THE MUNITES OF THE MEETING WITH IBA BY 7.00PM THE SAME EVENING IN THEIR WEBSITE. AIBOC IS NOT BOTHERED TO PUBLISH THE MUNITES OF THE MEETING UPTO TWO DAYS. WHAT IS THE PROBLEM? WHETHER THE AIBOC LEADERS WILL TAKE REST FOR TWO DAYS AFTER THE MEETING?
TODAY, THEIR WEBSITE SAYS "TALKS POSITIVE" WHAT IS TALK? WHAT IS POSITIVE? WHY MEMBERS ARE PUT IN DARK? IS IT NOT POSSIBLE TO CLARIFY IN DETAIL? WHETHER IBA HAS PUT A CONDITION OF NON-DISCLOSURE? HOW LONG THESE LEADERS PLAY THIS GAME? LEADERS BEWARE! YOU CANNOT FOOL THE MEMBERS FOR EVER.
BE PREPARED TO FACE THE MEMBERS AFTER THE SETTLEMENT IS OVER.
Referring solmar-March 15, 2010 9:05 PM
Now you are right.We will not get anything more than 17.50 % towards wage revision whether pension is settled or not.It is fixed.In future also we will not get more even though pension issue is settled because IBA is not the authority to decide. It has to seek opinion of each of its member banks (Chairman's)before negotiating with unions,about the offer.I have observed that HRD matters gets least attention by in banks when it is a matter of giving.
With regards.
Maddapa Sir,
They have no time,They can only clarify all in personal meetings as per reply of Mr.CHV.
Why are you my friend aspect from leaders?
They are nothing achieve or not take any agitation or call even after MOU time 90 days.
Now How can We aspect anything from them.They have no control even themselves,They are only puppets of IBA.Not a single time IBA has gave date for meeting without asking from UFBU.After 25/02/2010 there are no response from IBA for meeting then coward leaders has gone to IBA chairman and come back with LOLIPOP and happy,Today held and declared meeting "TALKS POSITIVE".
Here is one rule You can only eat PANIR but You can not have right to know How PANIR made from MILK.
Regards
IF BANKMEN ARE NOT GOING TO GET GOOD SALARY, ELITE PEOPLE WILL SHY AWAY FROM BANKING JOB AND BANKS WILL GO TO DOGS.
HEADS OF BANKS WILL INVITE TROUBLE BY THEIR OWN ACTIONS AND ONE DAY THE WORKING OF BANK BRANCHES WILL RESEMBLE TO THAT OF TALUK OFFICE.
CENTRAL GOVT. SHOULD BE CAUTIOUS AND SHOULD ENSURE THAT THE TALENT IS ATTRACTED AND REMAINED WITH THE BANKS FOR EVER FOR HEALTHY GROWTH OF BANKS. THE BANKS SHOLUD BE IN THE SAFE HANDS. IF IBA AND UFBU HAVE A COMMON AGENDA OF LOW PAID JOBS IN BANKS AND WANT TO CONVERT THE BANK BRANCHES INTO A TALUK OFFICE WHO CAN PREVENT?
UFBU say talk with IBA was positive. Next round of meeting with IBA will take place on 2nd April...
Ref: The post of Nidhi on16.0310 at 12.34pm according to which next meeting is likely to be held on 2.4.10. According to Workplace bullying (vide post of 15.03.10 at 11.32 am) settlement is likely to be finalized on 19.03.10.Which one could be correct. Will any member who has any information please clarify. Vasudevan
01-04-2010 IS THE YEARLY CLOSING OF BANK ACCOUNTS. NEXT 10 DAYS WILL BE HECTIC IN PREPARING PREPARING B/S AND COOKING UP THE FIGURES. WHO HAS GOT TIME TO ARRANGE THE JOINT MEETING? HENCE, THE MEETING ON 02-04-2010 JUST A JOKE AND MAY BE TO SPREAD APRIL FOOL.
FIRST THE UFBU HAS TO BEG BEFORE IBA CHAIRMAN FOR THE MEETING AND LEADERS CAN NOT EXPECT CHAIRMAN'S DARSHAN BEFORE APRIL 10. HENCE, THE JOINT MEETING CAN BE EXPECTED ONLY AFTER 15-04-2010.
Referring to Vasu-March 16, 2010 3:44 PM
From Zero response of unions to the views expressed by members in this blog anyone can easily make out that IBA and UFBU have a clear understanding not to reveal anything to the public or bank employees till finalization of the settlement. This was proved on 27.11.2009 where in the news of signing of MOU came only after signing, though there were so many views were expressed in this blog. Hence better not to predict anything.
Today is 17/03/2010 no meeting,And don't believe for 19th also.
Today 12:20pm one union leader's phone has came on my friend for this year subscriptions(not my union other union,I have resigned).And my friend ask them for settlement they clearly told We have no information and no meeting today and 19th.They also told BIG BROTHERS ENJOYING.
This are not my words its from district level leader's words.
If anybody try to touch your soft corner and told you to believe in cheater leaders then also don't believe in them.We knows some limitations for upper level but this time they crossed all limits and they have no accuse.
Dear CH Venkatchalam, Convener, UFBU!
Do you have any news about next meeting on wage revision? If IBA has given you any date, please tell, if not, please tell. We, the poor bankmen, expecting that wage revision and pension option agreement will be signed on 19th instant. Please tell that it is not going to happen. Please clear the things once and for all.
Union Leaders or IBA is not giving any dates for next meeting - formal or informal-
Their constant usage is "shortly "or any thing not specific.
However it is a surprise to see that so many dates are publised by our blog members for talks and final settlement!!
Why should we ourselves create confusion in the mind of lakhs of employees?
Let them sign first.We can look forward to that day!
Referring to workplace bullying-March 17, 2010 7:52 PM
Criticizing leaders may not yield desired results.It is clearly established by now that union leaders are not ready to share their ideas or views with employees.We should also agree that bringing all 9 unions and Negotiating committee members of IBA to one table is a difficult task.It does not mean that they have handled the situation in the best manner.Union Leaders are expected to take appropriate initiatives to ensure smooth finalization of the settlement immediately,which every employee is anticipating. Let us hope for the best at the earliest
I request all employees to come out of union memberships immediately if they have not done already.
The unions and IBA (Management) use transfer as weopon to threaten and control employees. Both unions and IBA knows very well that how to get the work done from their employees without increase any wages or perks. They are effectively using it as a carrot and stick and employees are finding it difficult to come out. Even if IBA and Unions are going to prolong these wage talks by another 1 year, no body seems to has the guts to question them.
So please resign from these unions as first step. Then only we can make a new begining without corrupt unions.
Apropos Nidhi's comments dated 17.03.2010:
Members are just like shareholders of a company. They are scattered all over India and despite the fact that they are the real owner, their say is very little. Unless and until some bigadda does not revolt, there is bleak chance of changing the scenario.
Q. Why & how did we achieve pension in 1993?
Ans. Because we agreed and signed for Computerisation.
Q. Why & how did we achieve pension for PF optees in 2009.
Ans. Because we finally agreed for NPS for new recruitees from Dt:01/04/2010.
Thanks.
AIBOC WEBSITE NOWHERE PROVIDES ITS EMAIL ADDRES FOR CONTACTING AND CONVEYING THE FEELINGS OF THE MEMBERS SO THAT MR. NADAF NEED NOT FACE NUISANCE FROM MEMBERS.
HOWEVER, THE EMAIL IS AVAILABLE IN THIER COMMON BOND MAGAZINE. THE SAME IS FURNISHED HERE UNDER SO THAT THE MEMBERS WILL BE ABLE TO SEND FLOWERS TO MR. NADAF AND COMPANY.
aiboc@indiatimes.com
Q. Why & how will be we achieve
10th BPS in 2012 or after?
Ans.Because we will finally agreed
for merger, Sunday working,more
working hours,no over time, no
bonus,cut out in public
holidays,40% load of pension.
It will be History then afterall We will received 19% due to our leaders negotiation guts and collective bargaining skill only.
Though We all should be stand behind them with soft corner of heart and with keep mum.We should be appreciate their dedication and sacrifice for us only.
Then also you not satisfied and want to send e-mail and faxes,My full support to you.I will appreciate your action.You can go ahead my total support to you all.
Regards
In my last comment What I have written Its not my thoughts I have nothing told.YOU SHOULD BE UNDERSTAND IT LIKE YOUR INNER VOICE.
You can also take it in favour of members and leaders also.I have nothing told,I am very clean and clear.
If you are borring from my Nonsense writing then I have also some stories for you.
Are you thinking I am behave like child ? O.K . I'm like.
Shri Sanjay Bhatt,
Try to understand the real issue. I have already told you the solution to this problem in my earlier comments. But employees are afraid of taking that step. All employees should come out of union membership immediately. They donot want to shun these unions only because of the greed and fear of transfer. This is the only thing in their mind and they donot want wage increase. Its a very harsh FACT, whether you accept it or not.
If they do not want to come out this no body can help them. Even if IBA is going to reduce their wage by 17.5% from their current wage, I am afraid still they will not come from the grips of unions. They want to work like donkeys with less wages but want to stay in their home. These employees should have joined some local coopeartive banks or some local/regional jobs which will not involve jobs transfer fear. Why they have joined nationalzed banks knowing very well that transfers will be part of their job. They could have demanded better perk and facilities like LFC every year, lumpsum amount of Rs 1 Lakh on each transfer, better school facilities exclusive for bank employees kids, good accomodation facilities, retaintion of bank quarter in the earlier place of posting for family etc.
But employees seems to have quitely surrender themselves to these unions in the name of transfers(punishment).
Shri Nidhi,
I told in my past comments Leaders knows our banker's mentality.
We should be change our mentality.
If anybody not ready change his mentality then What can do other?
God save us.
Regards.
HERE IS REPRODUCTION FROM AIBOA WEBSITE ABOUT LATEST DEVELOPMENT
LATEST ON WAGE REVISION TALKS
Following the informal talks with IBA Chairman and his team at Union Bank Head Office at Mumbai on 11.03.2010, matters were further discussed with IBA officials at their office on 17.03.2010.
Yesterday IBA has furnished their updated chart with scale structure of 15000 to 54400 and some minor changes in HRA, CCA,& Hospitalization rates and with one stagnation increment.
However issues relating to Pension in respect of date, incremental cost, pension balancing, PF balancing etc., besides uniform loading on scale structure still awaits UFBU decision.
Further response will be made after study of draft agreement copies on pension, wage etc. to be furnished by IBA.
Units are requested to inform the members to await for development even while we are striving our level best to overcome tendencies to overturn terms of MOU to our detriment. Needless to say we want immediate settlement on acceptable terms and not to be imposed on reasons of time favourable climate etc. alone.
SUDDENLY THERE IS A LULL IN THE FLOW OF INFORMATION AND COMMENTS FROM OUR
ESTEEMED MEMBERS OF THE BLOG.NO AMOUNT OF COMMENTS OR CRITICISMS CAN
HAVE ANY EFFECT ON IBA AND UFBU. ITWE MAY ASSUME THAT BOTH IBA AND UFBU PEOPLE ARE BUSY WITH CLOSING WORK AND
THE SETTLEMENT MAY BE SIGNED DURING
APRIL 2010. IT IS ONLY A WISHFUL THINKING.GOD BLESS ALL
IT HAS BEEN LEARNT FROM A LOCAL LEVEL LEADER WHO HAS INFORMATION FROM VERY RELIABLE SOURCES, THAT IBA HAS THREATENED UFBU TO MAKE UP ITS MIND BEFORE 31.03.2010 OR ELSE THE MOU DATED NOVEMBER 2009 STAND SCRAPPED.
Dear Rajeshji,
I have already written in my earlier comments every time IBA hand over then UFBU,And leaders behave like surrenders.
Now As per your comment IBA has gave ultimatum(Warning) to clear or accept What IBA/GOI is giving.
But don't believe in that Its only rumors spreading from UFBU for hide their failure.
If IBA has really given any ultimatum then Why UFBU not taking any action for it?
If your written is right then
From this blogge platform I want to give Bundle of BANGLES to UFBU Leaders.
Regards.
Referring to Rajesh-March 22, 2010 3:45 PM
In the absence of any copy of letter from IBA or news item published in the websites of unions,this type of roomers attracts no attention from members.If IBA has threatened it should be supported by documentary proof.
It is a mystery as to why a strike call was not given immediately after 25th feb when the discussions were not fruitful. By cleverly agreeing for a meeting during mid march IBA ensured that there would be no strike during year end . By agreeing for some unofficial meetings it was further ensured that audit work following year end would not suffer and probably all year end related activities would be completed without any hindrance. One is forced to think on these lines in absence of any communication from the leaders and contradictory news flowing in.This not an exercise in preparing the Nations budget that the whole exercise is clothed in secrecy. What the agitated members need is continuous flow of unadulterated news. Vasudevan
Referring to Vasu-March 22, 2010 7:10 PM
If the whole matter related to UFBU-IBA negotiations comes under RTI act, anybody can obtain all the related documents and know what transpired all these days between both the parties. However,it is better to wait till the end of the month and see if everything goes smoothly.
Dear comrades,
Tomorrow All office bearers of the negotiating committee is meeting IBA chairman at Mumbai requesting him to clear the stalemate. Hope they will break the ice 2morrow.
The meeting is arranged unofficially. If decks clearned, the Sub committee meeting will be called to respond and finalise the papers given by IBA on 17.3.10. SBI people are striving hard to click double benefits both at our end and at their bank level.
Dear Swami,
Do not hope from UFBU and IBA.
HISTORY WILL REPEAT ITSELF AGAIN AND AGAIN.
25th March will day of MOU time frame end over one month over.
I have not seen in any sector like our coward UFBU leaders.
Its not my prediction but my challenge,UFBU leader will show their Impotency and nothing will do up to 31st march and also then after at least 30th April.Remember my words.
And after 25th March UFBU leaders and Who continuously protecting them in this blog should have no excuses.
Remember definitely they will show their Impotent and Which is fact,anybody agree or not has no question.
"SBI people are striving hard to click double benefits both at our end and at their bank level."-Swami
If SBI people will get then they are Deserving because they always trying and fighting to get at any cost. We all were seen in past.
Note :: I am not from SBI.
Any developments with respect to today's talks?
Mr.Swami or Friends,
If You have information about today's
unofficial "DARSHAN SABHA CEREMONY OF IBA CHAIRMAN BY UFBU",then please write here for MR.PARMESHWARN and all blogger.
What they got any charity?
Regards.
Draft for workmen ready
will be signed with minor changes
down load a
http://rapidshare.com/files/367198933/Draft_workmen.doc
or
http://rapidshare.com/files/367196548/DRAFT_SETTLEMENT_WORKMEN_-_jan_2010.doc
Most of the officers (more that 80%) are promoted from clerks and are not recruited directly as PO in every Bank. For them wage increase and better perks are secondary thing. They are only concern about the transfers. And they think unions will protect them in their transfers and therefore they are stick to these unions at all cost.
Referring Nidhi 23, 2010 9:54 PM:
PO's are also line up before their union leader for suitable transfer. It is not PO/TO/OJM factor but the very age factor that compel someone to try for a suitable transfer in hook & crook. Most of the promotees are in higher age bracket compare to newly recruited POs. So this dependency and nothing else.
Thanks.
Dear Sir,
The meeting was over. Leaders are returning tommorrow only. Award leaders are meeting at Bombay tommorrow. Everything unofficial meeting. After some understanding is reached, the actual sub committee will be called upon. We have no other option but to feel for our fate.
Can anybody give the ED Scale of Pay in PS Banks. Stagewise. I have compiled the structure for officers as per news I gathered.
Refer to Chandan-March 23, 2010 11:13 PM
The very concept of transfer is
misinterpreted in Nationalized banks.
If at all transfer is inevitable, at least up to scale III it need not be to a far of place(Unless on request)like Kashmir to Kanyakumari or From Ghandhinagar (Gujarat)to L.C.Road(Kolkota).It can be restricted to within or surrounding districts.What is the fun in transferring one officer from Tamilnadu to Maharashtra by spending lakhs of rupees at a time? What purpose it serves except hardship to the officer? No union is keen to fight for this as they are also in favor of such transfers as they want to have control over their members. Ultimate sufferers are individual officers.Unless officers community revolt nothing will emerge,the chances of which is very very remote.
The draft agreement for workmen contains no reference to second pension option and related issues. Can any member clarify.
I couldn't understand whether this is a blog for pay commission or pension commission. The fellows who took a conscious decision of course in greed of high interest are now hijacking this 9th BPS.
Ref: Mr. Vasu March 24, 2010 7:50 AM
As per ,Minutes of the Discussions held on 27th November 2009 between IBA with UFBU consisting of 5 Workmen Unions and 4 Officers’ Unions on another option to join the pension scheme, it is staed as follows:
“The Parties will meet on mutually convenient dates to draw out a detailed Memorandum of Settlement/Joint Note in this regard; and appropriate modifications in the Bank Employees’ Pension Regulations will be made following the prescribed procedure in this regard. The parties will endeavour to finalise the Memorandum of Settlement/ Joint Note within a period of ninety days from the date of this minutes.”
9th BPS and Pension settlements are different and endeavour is to finalise both simultaneously.
Ref:: Archana, 24th March 9.58AM.
“The fellows who took a conscious decision of course in greed of high interest are now hijacking this 9th BPS”
It seems, that the above lines are not written in good intention.
While lakhs of employees /retirees are looking forward to a smooth finalization of 9th BPS , despite all its disadvantages,such a statement at this point is unwarranted and with hidden motives!
Needless to mention here Pay and Pension are inter related.You should not have any doubt about it! The above statement reflects the attitude of the writer towards fellow workers!
While put forth any argument, it should be based on facts and should not have an arrogant,biased and prejudiced view.It indicates the the immaturity of individuals to learn the past history of Pension in banks.
Number of times this issue has been discussed here in detail by members and still somebody wanted to project it as “Hijacking” of BPS” it is lack of common sense.
Since the penal clause was included purposefully by IBA/Banks while the option was made, good number of employees not opted at that time.However when the penal clause was deleted Bank has not given the option to employees and Union also did not pursue the matter in Feb 1999. This is the reality.It is a legal issue also.
Wage Revision has nothing to do with Pension option. Union leaders have mixed up the Pension issue with 9th BPS , and only by this reason the above two things are coming for discussion now.
Prc
The 9th BPS is prolonging for the last 28 months.
The ordinary employees whether officers or workmen, everybody is keen to get good compensation for pledging their life to banks. Everywhere everything is appreciating, so we are also keen in getting a corresponding increase. Everybody should hink and according to us. If there is a rift between bank employees with respect to their past glory or mistake, it may turn as a weapon for the bank managements to deny the deserving. See Madam Archana is adding insult to injury, by referring mistake done befor 15 years back. If the Unions at that time were thinking that Pension is better, why they agreed for an option exercise. It confused everybody , some opted, some not opted and some did nothing. If the so called unions are thinking it was very good for employees, then they should have introduced without option. Whether they are signing the BPS with employee option. If a settlement is signed everybody is bound to abide that, whether you like it or not. In a democratic country majority decision prevails and it cannot check whether minority is accepting it.
Ref my earlier comments. I still feel that at the time of lat option those who felt the need for security opted for pension despite opposition of majority,the majority went the other way not because of that penal clause but due to high interest regime. I have sen calculations being circulated by all the concerned unions that @ 12% your P.F. will become so much and everyone opting for PF will get much more than pension. So my point again remains, when they opted at their own or at the suggestion of their well wishers, how come they figure in the talks of 9th BPS.
In 1995 first pension option given by banks to their employees.I have new in bank,then I have put 1 day CL
and gone to meet our local district/zone leaders for pension is preferable for me or not.That time my leader told me Pension is for Who has rest 7 to 8 years of service, PF is the best for you.And I have opted PF and Bank has also given another option for pension then I have also again opted PF.Due to misguidance of union today I am PF optee.
But I agreed that first fault is mine.Why I have asked union for decision?Then also I have no problem from PF.Nobody care about for pension or PF ,But its came in light after VRS 2000 because some 2000VRS optees are insight persons of unions,And also some will retired in 2010 to 2012.I am also PF optee but I am never care for it.I am not supporting 9BPS and pension cubing matter.
Respected Chandan Sir,
Today I am socked When I have seen mistake in your name in your last comment" Chandran said... March 24, 2010 11:33 AM
Its Chandan or Chandran ?
I can't understand Why and How this mistake done?
H...hhh...hhhhh...hhhhhhh...hi..hi....hi.....hi....hi......
Im like.
Regards & Love
Ref: Archana March 24, 2010 12:17 PM
Pension is the right of every employee and it is not a gift from Management, Union leaders or existing employees.
Same Union Leaders who were instrumental in denying the legitimate right of every employee fifteen years back for one reason or other, have mixed up the Pension issue with 9th BPS, instead of sorting out the issue well before when IBA agreed on this point earlier.
9th BPS has nothing to do with 2nd option on Pension.
Refer Archana-March 24, 2010 12:17 PM
Whatever may be your stand it is absolutely wrong.We are not fools or children to get carried away by calculations given by unions as we ourselves are capable of calculating.First you should go through nearly 1500 comments of Pay commission to understand the pension issue properly. We are not begging for pension but DEMANDING as a matter of right since 15 years and we do not want to be at the mercy of anybody.Are you aware that I am required to sacrifice
Rs 11 to 12 lakhs to get pension even without knowing how long I survive after retirement? This 9 th BPS is a child of 2 years unrelated to an issue of 15 years old.Since the matter was taken up by the unions, all are patiently waiting to get the issue resolved amicably. This 9 th BPS would have been a nightmare without solving pension issue.Just to ensure 100 % participation of members in strike calls, unions clubbed pension issue with 7 th,8 th and 9 th BPS. Whether anybody agree or not these are facts. Now we feel proud that our reasonable,just and legally right demand is being under consideration by IBA though belatedly.Our fight for pension will be perpetual.
Lastly you may note that even now there are so many investment options available with 18 to 20 % return per year.
Refer Archana-March 24, 2010 9:58 AM
Your view that pension is hijacking 9 th BPS. At the time of 10 th BPS this pension issue will not be there. Almost all seniors will be out. Are you sure of getting more than 17.50% at least at that time? If you are sure then you will become a great personality.
Its confirmed in presence of recent Refugee,Impotent,Cheater,Gambler like leaders no future of 10BPS...11BPS...????BPS.
UFBU leaders definitely get success to Hijack some % (percentage) for pension from every BPS FOREVER.And nobody can't denied it.I respect all needs.
Any Question ?
Dear Mr. Swami
What has happened today. Any meeting took place at Mumbai. It seems today is holiday at Mumbai.Are they meeting tomorrow.
Referring Sanjay Bhatt 24, 2010 1:10 PM:
Dear Mr Sanjay,
"Chandran 24, 2010 11:33 AM" is not my comment. Thanks for the information. Today in our state there is no bank holiday for Ram Nabami. At 11.33 AM today I was busy in cash counter at branch. You can also find the difference in writing style and in punctuation between me and Chandran I.D. So be sure it is not me.Mine is only Chandan. It is my original name in school, college and in service.
Thanks.
Resp.Chandan Sir,
OK
Be careful Someone trying to use your name then I asked only.
Sorry If you have feel bed.
Regards
Referring SHANKAR 24, 2010 7:15 AM:
Dear Sir,
In 1995-96 Sagar Gramin Bank a RRB of West Bengal adopted a system for categorisation of different centres of their branches into A,B,C & D category to bring an proper order in transfer. In that situation one had to move from D to C to B to A and then again to D. Many RRBs at that time tried to adopt it as a model transfer scheme.I don't know at present whether that is still in vogue or not.
Thanks.
27th March
The End.
pl read the appeal of GS of AIBOA :
ALL INDIA BANK OFFICERS' ASSOCIATION
Comrades,
ALL RUMOURS & NO TRUTH
NO SETTLEMENT SO FAR
The era of SMS / e mail is again at its overtime work. As if the havoc is not enough the draft copy of the workmen agreement is being circulated under the name of IBA amongst members in Banks.
This is further confounded by the rumours that at 25th March agreement is being signed on Bipartite. Anxious queries and spreading of information is taking place everywhere as to settlement is getting signed.
We have to clarify that the only meeting that took place for officers with IBA was one informal meeting with IBA Chairman on 15.02.2010 at Mumbai where after IBA office gave us a revised chart for scales and other items for discussions.
However the most contentious issue of pension balancing for SBI, incremental cost on pension and date of effect of pension etc., were not taken upon with IBA as it was decided that these issues would be decided in the UFBU meeting.
UFBU meeting is yet to be fixed and we are awaiting the same.
As far as officers are concerned our scale of pay, SBI pension balancing, pension date of effect and incremental cost remain to be decided yet.
Govt. is also yet to react on UFBU proposal of pension costing.
As such we call upon members not to be carried away by rumours. No settlement has been signed and only after UFBU meets and disposes all pending issues and Officers’ Associations agree on the mainframe, agreement will be signed in day light for all to see.
Please bear with the delay caused on account of negative attitude of Govt., and Bankers on some issues.
The logic of IBA is very simple. When the MOU signed on 27.11.2009 completed 90th day on 25.2.2010 everybody expected that UFBU will call for a strike to agitate for the delay. But UFBU did not do any thing. On 11.3.2010 UFBU should have stressed for the Wage settlement but begged for a date to meet. On 15.3.2010 UFBU met IBA small committee and GD Nadaf published in AIBOC website"Meeting positive, we will meet again in short notice" What is short notice IBA and god alone knows. Even UFBU knows pretty well. At-least a signal should have been given to IBA. NO Not UFBU anymore further. IBA want to finish the Annual closing of accounts go very smooth and UFBU want to assist IBA. It is the tactics of both the group and they threw mud into the eyes of Bank employees.
Friends, if they are human beings, if they really want to lead the working class, if they are interested in the welfare of the Bank employees, UFBU should have agitated, called for a strike, announced non-cooperation and go slow working etc etc., Nothing is done. IBA has succeeded in getting their task and UFBU fulfilled IBA's game and who are the sufferers? Can any one elaborate this hidden game show?
I refer to the comments of madam archana terming all the PF OPTEES AS GREEDY FELLOWS BY ENJOYING HIGHER RATE OF INTEREST FOR THEIR PF CONTRIBUTION.WITH DUE RESPECTS I WISH TO REMIND MADAM !OUR MEMORIES ARE STILL FRESH. ALL OUR UNION/ASSOCIATION LEADERS WERE ADVOCATING ONLY FOR PF AND NOT FOR PENSION I THINK madam memory is too short. BUT THE TRUTH IS THE FELLOWS WHO ADVOCATED PF HAD CHANGED INTO PENSION THRO BACK DOORS WITH THE CONNIVANCE OF DIRTY EXECUTIVES [50/50RATIO] FOOLING THE INNOCENT POOR MEMBERS MADAM PL DONOT ADD INSULT TO THE ALREADY INJURED PF OPTEES
in future we dont participate in the socalled politically motivated strikes called by our so called commie based unions,,, they call strikes for nothing just for their own sake...never cared about us and archana madam..pf optees are not greedy..its pension optees who are greedy..most of them by default (during 1995)knew that in future BP settlements the load will be shared to salary only after the fund for pension is taken away from total load that means pensin optees eat away a portion of pf optees share
Refer ramram-March 26, 2010 9:50 PM
My suggestion is why we should try to convince anybody now when the MOU dated 27/11/2009 is already signed?. Nobody can dictate terms on PF optees or retirees not to demand for their right,with IBA/Government.It was the struggle of nearly 4 lakhs of employees for 15 years which is considered now. It is too late to discuss the matter now.
If anybody thinks that,by not considering pension demand, wage increase would have been more than 17.50 % their level of knowledge is pitiable.
SBI settlement will be without pension demand and we may wait and see how much they get now.
Full knowledge is good.No knowledge is also good.But half knowledge is of no use.It is just like 12 blind persons describing an elephant.
You may refer archana's words as
"I still FEEL that at the time of last option those who felt the need for security opted for pension despite opposition of majority,the majority went the other way not because of that penal clause but due to high interest regime."
Here what is needed is not her "Feeling" but facts.How she can step into the shoes of 3.72 lakhs PF optees and declare that they opted for PF because of higher rate of interest? When I know very well that I decided not to opt for pension because of the penal clause, how she is telling that I have not opted for pension for the sake of higher rate of interest?
So we need not consider others feelings. We should consider only facts.
ONE STATE LEVEL AIBEA LEADER FROM BANGALORE INFORMS THAT IBA HAS CALLED THE LEADERS FOR DISCUSSION ON 29-03-2010 TO SETTLE THE ISSUES BEFORE MARCH END. WAIT AND WATCH.
ONE STATE LEVEL AIBEA LEADER FROM BANGALORE INFORMS THAT IBA HAS CALLED THE LEADERS FOR DISCUSSION ON 29-03-2010 TO SETTLE THE ISSUES BEFORE MARCH END. WAIT AND WATCH.
As per Minutes of the Discussions held on 27th November 2009 between IBA and UFBU consisting of 5 Workmen Unions and 4 Officers’ Associations on another option to join the pension scheme, it is stated as follows on NPS:
“ The Bank Employees’ Pension Regulations, 1995 will be effective up to 31.3.2010 and cease to apply to any person appointed in the services of banks on or after 1.4.2010.”
Now before signing a final settlement on another option on Pension as per above MOU, , IBA has directed all Banks to adopt a decision to implement the New pension Scheme for the new recruits /appointees w.e.f 01.04.2010.
IBA ‘s eagerness and attempt for partial implementation of MOU, is not in right direction and the hidden agenda of IBA/UFBU if any , may come into light soon!
Madappa Sir,
Don't believe in that type of talks.
This type of news spreading by Unions intentionally for our Entertainment only,Free of charge.
Don't hope any thing from idiot cheaters.
From last 4 months We all playing Number Game,12th...15th....25th...27th....29th....31st etc etc.How passed time in hope of this number game and peacefully March and Closing over and Now nobody can demand for indefinite strike.
I can't resign instead of You.You should be resign yourselves from your unions.Otherwise here writing,criticizing others,free advising,writing of golden history,putting of figures etc now can't affects any thing.
So,I have decided that from 1st April,2010 I will not written here,only be a reader and observer.
I don't want to be fool from anybody at least from my friends(bloggers)from 1st April,2010.
Regars
BLENDER IN BANKING SECTOR
Dear all, Union / Association is not for those who are the so called leaders acting as though they are born and brought up for the welfare of the banking sector!They are being considered as worthless leaders of the so called 'Useless Fellows of Bank Federation' by most of members affected on the words of UFBU !
Waiting for the same to our moral and legal expection has crossed our limitation of wear and tear!
Justification has no meaning in the dictionary of Banking sector!
Nature will find a place for those who are responsible for having bleffed and cheated the banking industry in a hell not defined by IPC
Post a Comment