"Today meeting took place of UFBU followed by IBA in afternoon. In the UFBU meeting it was decided to pursue the issue of Pension with IBA and also to expedite wage revision. The convenor reported that on the equalization demand for PF and incremental cost, IBA/Govt. are not agreed. On date of effect of pension it was decided to further pursue.
In the meeting with IBA, IBA reiterated its earlier position and negatived our demand on incremental cost and PF equalization. Further they informed that in regard to the likely number of persons not opting, some cost adjustments can be made. However after talking to the Govt., the CEO reported that the Govt. is for going by actual numbers only.
In view of the negative attitude of the IBA, UFBU has informed IBA that they are withdrawing all Pension demands. With that meeting ended.
It was agreed to meet IBA on 3rd April 2010 to discuss the issues of wage revision further."
In the meeting with IBA, IBA reiterated its earlier position and negatived our demand on incremental cost and PF equalization. Further they informed that in regard to the likely number of persons not opting, some cost adjustments can be made. However after talking to the Govt., the CEO reported that the Govt. is for going by actual numbers only.
In view of the negative attitude of the IBA, UFBU has informed IBA that they are withdrawing all Pension demands. With that meeting ended.
It was agreed to meet IBA on 3rd April 2010 to discuss the issues of wage revision further."
Source:AIBOA
[We are obliged to Mr "PM" for providing the above information quickly.]
View full details as per AIBEA version
A brief discussion on the above news :
As per AIBEA website, the outcome of 31st March's meeting is as under :-
In IBA-UFBU meeting today (31-03-2010), pension cost and PF-Pension balancing issue have been sorted out.View full details as per AIBEA version
A brief discussion on the above news :
The above reports are indicating more confusion than settlement. Whether UFBU has withdrawn its demand for Pension altogether? In such a situation, will Unions demand higher scales based on the load which IBA has already agreed to bear in the shape of pension and 17.5% hike. In such a case, how much percentage increase can be expected by the present employees? What a set back it will be to the retired employees who had already been sending letters to this website in large number enquiring about the pension they are likely to get? Will IBA be ready to pay salary in line with the 6th Pay Commission scales if Unions withdraw the demand for 2nd option for pension? This will be a boost to new employees but a set back to the retired and retiring officers who were hoping for 2nd option. It will be biggest boon for officers who had already opted for pension, as they will get much higher pension!!. Let us keep our fingers crossed as it is difficult to predict what will be the final outcome as there is all around confusion. Settlement does not appear to be in sight if IBA and unions again start working on new scales. Are we going towards confrontation?
Source : a popular website. 
77 comments :
Well done, the UFBU can even announce 27.11.2009 MoU as null and void and KEEP THEIR MOUTH SHUT.
There is a very great past achievement of DA on quarterly basis. Bankmen and women can give memorandum jointly (without any name of UFBU or UBFU) to Ministry of Labour for its kind consideration and demand for increased DA slabs
What is going to happen for pension demands if UFBU is withdrawing the same. Blog members kindly clarify in the interest of PF optees.
For the sake of pension for PF optees, the UFBU faced all the humiliation from IBA. In the interest of PF optees let the UFBU make one and final attempt on 3rd of April and thereafter let us go on war path.we had enough humiliation from IAS lobby and MOF. At least now let UFBU bury all the differences and work as real trade union leaders rather than as politicians.
no din chale adhai kos
it seems that all the bankmen have become impotent. they can neither challange UFBU leaders nor their own association leaders. So how can we expect that we can press IBA for our legitimate demands.
Akshaypatra is everywhere in big cities, where food for a person is provided in worth Rs. 5.00. let us rely on Akshaypatra, rather than IBA & UFBU.
HUMILIATED BANK EMPLOYEE SITTING NOW AT 8.38 PM IN BANK
In my humble opinion as per MOU dated 27.11.2009 the second option for pension will continue to be there till one party to MOU opts to withdraw.In this present case the UFBU had only withdrawn all its demand inrespect of pension such as Incremental cost ,date of implementation etc.It should not be construed that the demand for pension itself is withdrawn by UFBU.The leaders of UFBU may deliberate further and place revised demands inrespect of incremental cost, date of pension etc taking into view the hardline approach by both IBA and Govt.-R.JAYARAM
Can anyone explain the meaning of following line.???
UFBU has informed IBA that they are withdrawing all Pension demands.
In IBA-UFBU meeting today (31-03-2010), pension cost and PF-Pension balancing issue have been sorted out.
Next meeting with IBA on 3rd April. 2010.
Source: bankunionaibea.in
Blog members please clarify which version aiboa/aibea is correct.
Bipartite talks between IBA and UFBU on the issue of pension held on 31-03-2010 at Mumbai. In the meeting pension cost and PF-Pension balancing issues have been sorted out. Now, the things are moving towards conclusion. Next meeting with IBA will be held on 3rd April 2010 (for details refer our Circular No. 9/2010 dated 31-03-2010).
source: aipnbsf.org
Blog members are confused over different version in various sites. Which one is correct. Can anybody clarify.
YOUR ATTENTION PLEASE! ALL VRS[pf] optees have been fooled by OLD BANDICOTS ONE DAY IN ADVANCE [ie]on 31/03/2010 BY WITHDRAWING P E N S I O N DEMAND LONG LIVE
OUR UNION LEADERS ( BASTARDS) ARE ENJOYING WITH OUR SUBSCRIPTION AND MAKING NO EFFORT TO SETTLE THE WAGE REVISION ATLEAST WITH 30 % INCREASE
OR
SUCH UNION LEADERS( BASTARDS )
SHOULD RESIGN FROM UNION LEDER SHIP
I received message that meeting with IBA positive next meeting on 3rd.One message that pension balance of PF sorted out and meeting positive.Now read that IBA and Govt has not agreed for cost of PF and pension ect and UFBU has withdrawn all pension demands what is this?Are leaders are cheating the poor bank emp and playing worst game with emp.What is true let the leaders clarify immediately if pension is withdrawn then most of the retirees will die within couple of days the sole responsibility will lie on our great foolish leaders.
Refer ramram-March 31, 2010 9:39 PM
Do not believe rumors unless announced in the Union's website.After fighting for 15 years if pension demand is withdrawn,it is ridiculous and inviting wrath of all 4 lakhs PF optees.Rumor mongers get some mental satisfaction by spreading rumors.
The site of All India Punjab National Bank staff federation/ AIBEA site have reported some what favorable developments. AII India union bank officers federation/AIBOC have just reported that talks were inconclusive and that next round of talks would be held on 3-4-10. The site AIBOA has reported certain unfavorable developments which have not been reported by various other unions. While the disappointment and agony of Raamraam is understandable I would request him to be patient till 3-4-10 when the cat would be out of the bag.
If pension talks are de-linked from wage revision talks then it can be safely assumed that pension issue has been given a grand burial. Vasudevan
In my personal belief, the delinking of pension issue from wage revision was the only logical step for early conclusion of wage revision talks. Hope that the wage revision will be concluded in next meeting, thereafter the interested parties can resit to discuss the pension issue.
PENSION OPTEES AND PF OPTEES TOOK THEIR BEST DICISION WHEN THEY WERE ASKED TO OPT. NOW NO ONE SHOULD BE PUT TO LOSS FOR THE ACT OF THE OTHER.
All PF optees are requested to come forward to bring a stay for the entire process of wage negotiations through the Court of law if already agreed pension issue is not settled now.
Ref, Shankar above,
Nothing more can be expected from you people.
Refer archana-March 31, 2010 10:44 PM
You need not dictate terms on others.It is a question of 4 lakhs PF optees and 60000 retirees
but for that you cant dictate terms to more than 8 lacs present employees.
SECOND OPTION FOR PENSION MUST BE THERE. PLEASE DON'T WORRY. DIFFERENCE ON COST SHARING, EFFECTIVE DATE ETC ARE THERE AND NOT COMPLETE WITHDRAWAL. UNLESS THERE IS NO SECOND OPTION, THERE WILL BE NO NPS FROM DT:01/04/2010 FOR NEW RECRUITEES. I AM A PENSION OPTEE.
THANKS.
Rectification
-----------------------
"UNLESS THERE IS NO SECOND OPTION, THERE WILL BE NO NPS FROM DT:01/04/2010 FOR NEW RECRUITEES"
Please read:
:UNLESS THERE IS SECOND OPTION, THERE WILL BE NO NPS FROM DT:01/04/2010 FOR NEW RECRUITEES"
Referring archana 31, 2010 10:50 PM:
Dear Sir,
Sorry Dear Madam,
Please read your recent post from following Head lines.
--------------------------------------------------------------------------------------------------
Saturday, August 29, 2009
"PSU Bank Salary : Lower than their Govt. counterparts.": SBI Staff Association.
archana said...
I am BSc. maths graduate passed in 2009. I gave written test for the SBI clerical exam and am selected for the interview. I am about to join Times of India group as an executive salary of 18,334. I have also given CAT and got 87 percentile. People are suggesting me to consider SBI clerical job as it is secured. What should I do if I am selected for SBI job. Somebody please help me.
March 29, 2010 1:58 PM
----------------------------------------------------------------------------------------------------
For a so called job aspirant I can say "Mere Angne Mein Tumhara Kya Kaam Hai"
Please note I am a pension optee.
Thanks.
Only DRAMA.
Leader wants to show that they are in fighting mood and they are taking action.
If in last part of drama is going on,If members believe above mentioned then ALL IS WELL for them,and all their past sins will forgot by members.
No need to worry both pension lovers and wage lovers.Every thing is as it is.Leaders playing with our affections only but with other style not old.
2nd Pension option will signed 101% with 9 BPS wage settlement.
It is only drama by UFBU.
If really leaders are in fighting mood then Why not withdrawing all demands of pension on 25th March, 2010 and not declared indefinite strike call? Today March closing has/will finished smoothly,then no tension and drama start.
MY PROMISE TO ALL EVERY THING IS AS IT IS, WE WILL GET WAGE REVISION AS MENTIONED ON WEBSITES OF UNIONS AND ASSOCIATION AND ALSO 2nd PENSION OPTION WILL GET AS WHAT TYPE OF DISCUSSION HELD UP TO DATE.
Refer Archana-March 31, 2010 10:50 PM
We are not dictating-we will fight for our right through courts as per law.
People in favour of decent wage revison should not go for any strike called by Union.....unions have made a great mistake by merging Pension option with wage revision.....Why should present employees should bear the misdeeds of PF optee?
Dear Ms.Archana,
Wonderful you are in your way of making money out of the geniune intention of 4.60 L of persons who are crying towards their life for the present & future !
No one in the perview of your family or next door enjoying the benefit of pension for feeding their livelihood !
YOU WILL GET ALL IF YOU ARE ADAMENT IN YOUR ATTITUDE AND GOD WILL BLESS ALL AND YOU TOO !
PF optees now vying for pension are like a new born child who has broken his milk bottle himself & now crying ou of hunger...
The news item appeared in AIBOA website is a rude shock to PF optees.It indicates the end of last15 years fight for PENSION- thelegitimate right of nearly 3.32 lakhs employees working /retired.
One thing is certain that 9th BPS will be signed by Bank Unions with IBA, one day or other.
Unanswered questions are:-
1. When the Final Settlement on 9th BPS will take place?
2.Whether it will be a settlement for wage revision only?
3.Who are so adament to deny Pension to PF optees? IBA/MOF/GOI OR Bank employees/officers Unions? (in fact all are one and same now!!)
4.Why different Unions are having different versions on Discussions held with IBA on 31.3.10.
5.The real fact is any settlement arrived will not be beneficial either to the existing employees or PF optees in its right spirit.
6. If unions/IBA discard MOU dt 27.11.09 ,why union is not going for a fresh one instead of sticking on to partial issues such as NPS and wage hike @17.5% as per MOU?
Before going for answers let us look into the versions of each Unions on one aspect!
01.AIBOA says:
"In view of the negative attitude of the IBA, UFBU has informed IBA that they are withdrawing all Pension demands. With that meeting ended.
It was agreed to meet IBA on 3rd April 2010 to discuss the issues of wage revision further."
02.All India PNB staff Federation (affiliated to NCBE)Say different:
" Talks held with IBA on pension issue on 31-03-2010
Bipartite talks between IBA and UFBU on the issue of pension held on 31-03-2010 at Mumbai. In the meeting pension cost and PF-Pension balancing issues have been sorted out. Now, the things are moving towards conclusion. Next meeting with IBA will be held on 3rd April 2010 (for details refer our Circular No. 9/2010 dated 31-03-2010"
03. AIBOC and AIUBOF says :
"Meeting between UFBU and IBA of 31.03.10 remained inconclusive. Next round of discussion will take place on 3rd April 2010.
All India Union Bank Officers Federation.DISCUSSIONS WITH IBA inconclusive . Next meeting with IBA on 3rd april 2010"
WHERE THE TRADE UNION MOVEMENTS ARE HEADED TO?
IS IT BEGINING OF END OR END OF BEGINING?
ANY INJUSTICE DONE TO PENSION OPTEES WILL BE TAKEN TO THE COURT OF LAW.
PENSION OPTEES ARE BEING FORCED TO BEAR THE COST FOR A DECISION WHICH DOES NOT RELATE TO THEM.
Eminent analysts like Balasubramanian, Vasudevan and etc are all keeping silent over the talks held on 31-03-2010. I request Union leaders as well as IBA not to play with the lives of poor retirees who are eagerly waiting for pension to lead a simple retired life. This time why BEFI site is silent about the talks and PNB staff federation site is yet to release the circular 9/2010. What has happened yesterday.
Refer to PM-April 1, 2010 5:18 AM
Yesterday I received the following message through SMS to my mobile at 7:25:27
"In IBA_UFBU meeting today,pension cost and PF balancing issue have been sorted out.Next meeting with IBA
on 3 rd April. Things are moving towards conclusion.Chv "
In the light of the above,I am of the opinion that the version of AIBOA is distorted and not fact.
AIBOA site is not accessible since yesterday.No union has clearly spelt out what has happened.
Though they may withdraw additional demands not signed in MOU dated 27/11/2009 withdrawing pension demand itself will be illegal and depriving the legitimate aspiration of nearly 4 lakh employees and 60000 retirees.
Hence we may wait till 3rd April 2010 and then decide what to do. We need not believe rumors.
Refer pushkar-March 31, 2010 11:50 PM
What is misdeed of PF optees? Is it believing Unions from past 15 years?, If yes, you are right.No body need to participate in any strike call for wage revision.It will take place or even if it does not take place, everybody get compensation through quarterly DA.Normally wage increase will not be much in banks.
APPEAL TO MEMBERS NOT TO BECOME PANIC
Aiboa website informs that all demands on pension are withdrawn NOT THE PENSION OPTION . ie they are ready to abide by IBA s /MOF s decision on matters pertaining to pension , in order to concentrate more on wage revision. So IBA as usual can have its way. They are very particular on two aspects one costing and the other date of implementation. If ufbu accepts the cost aspect as per IBA then it may come forward to give some arrears to pensioners ie at least from 01.04.2009 . Hard postures of IBA is to weaken the UFBU further which is already in the coma stage and at the time of wage settlement UFBU will literally die for all practical purposes and IBA can hoist the victory flag on the dead union by treating as victory. Wheels of time is for IBA this time. .All humiliations for ufbu is due to the vexed and lifeline issue of pension option to nearly 40% of the serving as well as retired pf optees whose wishes can not be ignored and as a responsible trade union the priority is for that only. From the draft memorandum of settlement available with aibea it also appears that 100% neutralization of DA is coming for pre 01.11.2002 pensioners. Some vagueness in wordings are there . any way chv has clarified that a more broad based memorandum is coming and that what appearing in the site is old one.
Since scales of pay is more or less on lines of sixth pay commission except bulk grade pay and very bulk hra, these two issues can be taken soon after signing this settlement and see that they are getting implemented at least from 01.11.2012 without change in basic and da rates. So bank men need not loose hope as next victory may be for employees.
Don’t make the pf optees particularly retirees panic by writing that pension option is withdrawn as that is not the case.
K balasubramanian retired senior manager vrs pension optee
Dear Balan Sir,
Thanks for your valuable comments. Great relief to retirees who are longing for pension. Please do analyse like this and inform the members.
If any pension optee is happy due to withdrawing of demands of pension then God bless him for his devil happy,happy due to others sorrow.
But PF optees have no reason to worry.I have already mentioned in my yesterday comment.
For 9 BPS Wage and Pension are like two sides of one coin.
If really pension option has leave by UFBU then all calculations for every head for wage settlement should be re-calculate and it will be again need at least 120 days or more.It is very tedious work for both side UFBU and IBA.If settlement will signed then pension will 100% signed,If wage settlement will not signed then pension option will also not signed.
UFBU leaders only wants to create EXCITEMENT for earn sympathy of members in last part of DRAMA.
Our friends Guneet,Pushkar and others are happy due to withdrawing demands of pension.But they don't know that no Pension option withdraw only demand pertaining to pension is withdrawing,and this also not confirmed.My friends you may enjoy yourselves.
Who senior people in leadership is not question and What they are doing but Who people from our bankers fraternity and seniors and need for pension for social and eco safety is question.
Right is Right.PF optees will can get it through court as per supreme court order.I am also PF optee but I don't care for rubbish not attractive pension scheme but Who need is very important and its first in all questions.
Shanker Sir,
Chandan Sir,
Balan Sir,
"UFBU has informed IBA that they are withdrawing earlier Pension demands on equalization of PF and incremental cost.. With that meeting ended." - AIBOA Web Site
Sir,You know I can't understand without simple language.
Please help me to understand above sentences.
Can We understand or take meaning of above sentence like UFBU has not convince to IBA for pension pertaining demands and now UFBU Admit defeat and ready to take pension What IBA will give ?
Sir,I am poor in english,Please help me and also clarification for other senior bloggers also.
Today is my last day for writing here.
Regards and Love.
PL SEE THE WEB SITE OF AIBOA.FOR THE EARLIER VERSION OF WORDINGS-THEY INFORMED IBA THAT THEY ARE WITHDRWAING ALL PENSION DEMANDS-THE FOLLOWING CORRECTED OR MODIFIED VERSION APPEARS- IN VIEW OF NEGATIVE ATTITUDE OF IBA UFBU HAS INFORMED IBA THAT THEY ARE WITHDRWAING EARLIER PENSION DEMANDS ON EQUILISATION OF PF AND INCREMENTAL COST.-R JAYARAM
REGARDING PENSION AIBOA BLOG SAYS THEY ARE WITHDRAWING EARLIER PENSION DEMANDS ON EQUALIZATION OF PF AND INCREMENTAL COST ..WHERE AS AIBEA BLOG SAYS PENSION COST AND PF PENSION BALANCING ISSUES HAVE BEEN SORTED OUT ON 31/03/2010 IT IS LEADING FOR CONFUSION.
Jayramji,
What would you want to understand others ?
OK you are right,other all wrong.
Please First see both AIBEA and AIBOA websites.What differnt on it?
AIBEA and AIBOA has one common center point.Please now members are not fool What you and other leaders believe them.
Modifying words and not stay in one point its a nature of leaders.If you are not from them then don't worry, members understand all meanings with their own way.
Regards.
Refer jayaram-April 1, 2010 10:28 AM
It is apparent that all pension demands are not withdrawn and AIBEA website has published the correct version. I got it confirmed through leaders of Officers union.MOU dated 27/11/2009 still holds good.
Here Pay Commission blog has published a distorted version of AIBOA giving room for confusion and division among employees.Hence I am of the opinion that discussing matters depending on wrong news published in Pay Commission blog is futile.Hence, better to come out from the discussion forum. Blogs should always unite employees and not divide.
MESSAGE AVAILABLE ON THE WEBSITES REGARDING UFBU IBA MEET ON 31 ST MARCH 2010
In view of the negative attitude of the IBA, UFBU has informed IBA that they are withdrawing earlier Pension demands on equalization of PF and incremental cost.. SOURCE AIBOA
In IBA-UFBU meeting today (31-03-2010), pension cost and PF-Pension balancing issue have been sorted out. SOURCE AIBEA
Bipartite talks between IBA and UFBU on the issue of pension held on 31-03-2010 at Mumbai. In the meeting pension cost and PF-Pension balancing issues have been sorted out. Now, the things are moving towards conclusion. Next meeting with IBA will be held on 3rd April 2010. SOURCE NCBE PNB AIPNBSF
Meeting between UFBU and IBA of 31.03.10 remained inconclusive. Next round of discussion will take place on 3rd April 2010. SOURCE AIUBOF
From this we can also infer that the unions representing the award staff segment are satisfied with the proposal on pension and that of AIBOC –nadaf segment who are the real trouble makers are not happy as they are having the sole aim of delaying the settlement by thinking that they are troubling IBA but actually troubling the officers of the nationalized bank sector by demanding the pension cost as separate increase.
WAIT AND WATCH THE DEVELOPMENTS ON 3 RD . SINCE THEY ARE MEETING ON THE NEXT EARLIEST POSSIBLE DATE THIS TIME IBA RATHER THAN UFBU WILL BE SERIOUS AND FORCE THE DEAL ON THE POOR UFBU .
K BALASUBRAMNAIAN
REF;SHANKAR 01.04.2010-12.19 PM;
IN MY HUMBLE VIEW I FEEL THE PAY COMMMISSION IN ANY WAY IS NOT RESPONSIBLE FOR THE PRESENT CONFUSION.IT HAD JUST PUBLISHED THE MESSAGE THAT APPEARED YESTERDAY(31.03.2010) IN AIBOA WEBSITE.THE SENTENCE THAT APPEARED-WITHDRAWING ALL PENSION DEMANDS IS THE SOURCE FOR ALL PANIC.ADDED TO THIS THE ACESS TO AIBOA WEBSITE COULD BE MADE ONLY TODAY (01.04.2010)AROUND 9 AM.NOW THE CORRECTED VERSION THAT APPEAR READS-WITHDRAWING EARLIER PENSION DEMANDS ON EQUALISATION OF PF AND INCREMENTAL COST.PAYCOMMISSION IS YET TO UPDATE THE REVISED VERSION NOW APPEARING IN AIBOA WEBSITE.
FURTHER I FEEL THAT THE AIBEA WEBSITE DEALS WITH AREAS WHERE CONSENSUS COULD BE REACHED ON CERTAIN PENSION DEMANDS.THE AIBOA WEBSITE INDICATES AREAS WHERE DIFFERENCE OF OPINION STILL PERSISTS.IT HAS TO BE REMEMBERED THAT IT IS ONLY AIBEA AND AIBOA ARE INSTRUMENTAL IN MAKING PENSION CONCEPT A REALITY IN NATIONALISED BANKS AS EARLY AS 1993- R JAYARAM
On the outset of last UFBU-IBA meeting on 31st March it is revealed that the discussions on pension could not be materialised. The next meeting will be on 3rd April. Will it not be wise to withdraw from the pension as well as wage hike demand and be on the war path - INDEFINITE STRIKE - to achieve the salary in line with the6th pay commission where HR & pension cost was excluded from the growth percentage.
I join S/Shri Shankar, Balan and Jayaram. AIBEA and AIBOA both have been sincerely endeavouring to deliver both Pension and wage revision - using their attributes of mature leadership and treating all the members at par. However, as usual AIBOC has been creating all sorts of problems. There was a question as to why all recent developments are emanating from Union Bank Officers Association web-site. It is obvious. Vested interest can be anywhere spreading such rumours. Even the purported pay scale of 14500-52000 must be the handiwork of such elements. For that also AIBOA has clarified that it is not for accepting anything less than the one offered by IBA itself. Hence, at this odd hours, we have to keep a patient wait. There is no other alternative if at all we wish to have a logical solution.
Union people are busy in preparation of arear sheet and calculation of levy amount. Deal is almost final !
BIPARTITE TALKS WITH IBA
UFBU Meeting: A meeting of the UFBU was held today morning in Mumbai under the presidentship of Com. L. Balasubramanian (President, NCBE). After detailed discussions, it was decided that all efforts should be taken to sort out the common issues with the IBA and finalise the settlement on wage revision and pension option without any further delay.
Meeting with IBA: Another round of Bipartite Talks were held between IBA and UFBU today afternoon. IBA was represented by Mr. Ramakrishnan, Chief Executive and other Executives. Representatives of all our nine Unions were present in his meeting. In today’s discussions we took up the common issues like effective date of pension option, equalizing the cost between PF and Pension components, re-working the cost of pension for the employees/officers now in PF and migrating to pension scheme after option , taking into account the possibility of some employees continuing in PF scheme, retirements taken place from 1-11-2007, etc.
On the issue of equalizing the cost of PF and Pension, IBA did not agree to our earlier proposal and hence it has been agreed that the same would be worked out by balancing the corresponding costs of these two components.
On the effective date of pension option, IBA maintained that the while option would be made available to both existing employees and retired employees, it would be effective from the date of Settlement and not from 1-4-2008 as demanded by us. UFBU would pursue this issue further.
On the issue of re-working the cost of pension as proposed by us, IBA did not agree with our proposals to assume the number of employees who would remain in PF, etc. and rather proposed to go with the actual number after implementation of the pension option instead of going by any assumptions. After discussions amongst the constituents, it was decided not to press this issue further and the IBA was accordingly informed of the same.
NEXT MEETING: It has been decided that the next round of meeting with IBA will take place on 3rd April, 2010 – with the workmen unions in the forenoon and with officers associations in the afternoon. In this meeting on 3rd April, efforts would be taken to finalise the distribution of the total amount ( Rs. 2577 crores per year for workmen and Rs. 2239 crores per year for officers ) to various heads like Basic Pay, DA, Stagnation Increments, HRA and other allowances, Medical Aid, PF, Gratuity, Pension, etc. based on the discussions held so far with the IBA. All other connected matters would also be sorted out.
After finalsing this distribution chart on 3-4-2010, the date would be fixed up for signing the Settlement on Wage Revision and Pension Option.
With greetings,
Yours comradely
C.H.VENKATACHALAM
CONVENOR
SOURCE: AIBOA WEBSITE
hi everybody!
it might be a message to fool all the bank employees on April fool day.. that's all and the wage revision will certainly take place in a few days along with the second option for pension that too for all the retired as well as for the working bank employees who earlier opted for pf and, of course, w.e.f. the date of settlement but not w.e.f. the back date... be everybody positive...
With regard to the above we wish to inform that a meeting between IBA and UFBU was held today from 1.30 pm onwards in the office IBA, Mumbai. Prior to the meeting with IBA, a meeting of UFBU was held at 10.30 am in Mumbai.
In the meeting, the Convener Mr. C. H. Venkatachalam reported to UFBU constituents that there is no forward movement on the three issues viz. Effective date for Pension, Costing of Pension and Pension balancing (which means that a part of 17.5% increase in wages would go to SBI) inspite of various efforts put in by UFBU. The meeting also noted the growing impatience amongst the Bank employees to reach a settlement and the wild rumours in circulation.
In the above background, UFBU met IBA at 1.30 pm to reach a settlement on Pension and Wage Revision. In the detailed discussions that took place on Pension, quite unfortunately, certain problems cropped up on the number of employees who may not opt for pension considering their age, health and other circumstances. UFBU desired that the number under this category may be taken on assumption basis, say 10% and work out the Pension costing thereof. However IBA insisted that they are not for any assumption but for arriving at actual number.
As all are aware, counting the actual number of non-optees would be a time consuming process. Further, to exercise the option, one quite obviously needs to be advised of the terms and conditions of the Pension Scheme, time schedule etc. This will result in further delay, UFBU stated. However IBA insisted on the actual counting. As there was no progress to reach a decision on this issue, it was decided to adjourn the meeting to 3rd April 2010.
On Wage Revision, IBA submitted to the four officers’ organizations revised proposals on pay structure Rs.14500-52000, stagnation increments, various allowance etc. In the preliminary discussions that followed in the meeting of four officers’ organizations, INBOC reiterated its earlier demand that starting basic must be minimum Rs.15,000/- to rectify the injustice caused to junior officers during the last revision and other amendments. The four officers’ organizations shall meet again, reach a consensus on the IBA proposal and take it further in the meeting with IBA on 3rd April 2010. We shall advise the outcome after the meeting.
With greetings,
Yours sincerely,
(K.K.NAIR)
GENERAL SECRETARY
AIBOBOA
source aiboboa.org
SHANKAR said...
Refer SHANKAR-April 1, 2010 7:48 AM
"What is misdeed of PF optees? Is it believing Unions from past 15 years?"
The Whole issue Of PF to pension aspirants which we r facing now started from the greed of PF optees 15 years back.....
As we all know that Interest rate on savings was varying in Double figures then,So PF optees thought they will earn gud interest on Savings rather than opting for pension.....
But when due to recession when savings interest gone to single digit,PF optees now feeling benefit in Pension Scheme....
So PF optees had their call once,if it went wrong then they should accept & dont make suffer to present employees for the cause which r nt related to them!!!!
Refer Shankar-April 1, 2010 7:48 AM
"Normally wage increase will not be much in banks."
IBA was agreed to give more than 25% wage Hike in lines of Central govt pay commision(40%),if the Unions have not deliberately mixed the PF to Pension option with wage revision.
Logically also,these complicated & burning issues like PENSION option should be handled separately without disturbing the normal schedule of Wage revision which occurs in every 5 years.
By Mixing Pension with Wage revision ,Unions have given chance to IBA to dictate their terms!!!
Referring Pushkar 1, 2010 8:40 PM:
I am a pension optee from Nationalised Bank. I just want to know from you , if this time there would have been NO PENSION OPTION as happened in last BPS then how much percentage wage hike we could have achieved in Ninth BPS?
Thanks.
HATS OFF TO HONOURABLE SUPREME COURT JUDGES FOR THEIR RIGHT AND TIMELY COMMENTS REGARDING PAY FIXATION TO EXSERVICEMEN WHO IS PROTECTING THE COUNTRY.
ONLY HONOURABLE SUPREME COURT RENEDRED JUSRTICE FOR VRS 2000 CASE FOR ADDITION OF FIVE YEARS.
LET BABUS AND IBA CHAMSA YES MEN SHOULD LISTEN THE OBSERVATIONS OF THE JUDGES AND BE LIBERAL IN BANK SETTLEMENT ALSO. PERSONS RESPONSIBLE IN CHAIRS SHOULD HAVE AN OVERALL PROSPECTIVE AND THEY SHOULD BEHAVE IN AN IMPARTIAL MANNER BY APPLUING PRINCIPLE OF NATURAL JUSTICE , EQUAL WORK EQUAL PAY ETC
K BALASUBRAMANIAN
Referring Chandan April 1, 2010 9:26 PM:
"if this time there would have been NO PENSION OPTION as happened in last BPS then how much percentage wage hike we could have achieved in Ninth BPS?"
This time as u know Pension option has eaten avearge 6% out of 17.5% wage hike offered by IBA.
Hence,If pension option is kept aside,Then starting scale of 10,000 can easily get more than 4500 net increase/month which is near 2700/-per month in present situation now acc to various sources.
Hence,if pension issue is kept aside by union then Hike range on average will be b/w 4500 to 6000for scale 1-III.
As per MOU signed by IBA on 27th Nov shows 91,800/- per capita annual increase for officers,it comes around more than 7500/- average increase/month.
Keeping the greater hike for Scale IV and above,a newly joined PO can easily get wage hike of 4500 net,if Unions concentrate on wage revision only & hence so on to higher scales.
April 1, 2010 8:59 PM
THIS IS WITH REFERENCE TO RUMOURS OF WITHDRAWAL OF PENSION DEMANDS BY UFBU.
PENSION IS A BURNING ISSUE. MANY SERVING AND RETIRED ARE EAGERLY WAITING FOR ANOTHER CHANCE TO OPT FOR. WHO EVER WRITING ON THE PENSION ISSUE SHOULD USE RESTRAINT IN SPREADING RUMOUR AND GOSSIP AS THESE UNCOFIRMED NEWS MAY AFFECT THE WEAK HEARTS AND THERE SHOULD NOT BE ANY CASUALTY ON ACCOUNT OF SUCH SHOCKS.
Referring Pushkar 1, 2010 9:32 PM:
"This time as u know Pension option has eaten avearge 6% out of 17.5% wage hike offered by IBA."
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But "C H VENKATACHALAM" chv.aibea@gmail.com , Convener UFBU on Thursday, 20 August, 2009 8:35 AM replied me:
" 17.5% does not include the pension cost of pf optees. That will be an additional 6.05% over 17.5%. Thus total will be 23.55%.
17.5 % INCLUDES THE NORMAL COST OF PF GRATUITY AND PENSION. 4200 + 2100 CRORES BEING GIVEN BY BANKS FOR PENSION OPTION WILL BE OVER AND ABOVE 17.5%."
Please clarify.
Thanks
refering to various writers on the pension demands stand withdrawn by ufbu and the anxieties errupted consequently thereof.It is welcome statement by these leaders and there is no reason for anxieties for the employees fighting for the legitimate right for the last 15 years.Courts on various occassions have held that option for pf and pension is is a perpetual right bestowed upon the employees and from now on the fight for the rights will assume a new guidance and fruitful course. Now the merits of the statement.
1 9th BPS and Pension option is as good as given granted .
2 Nitti gritties errupted due to various demands making the wage revision and pension option took much time to arrive at consensus.
3 wage revision is an arithmatical calculation whereas pension demands are are Hypothetical because no body can arrive at actual no of pension optees coming to pension stream if the option is allowed to exercised because pension option is not coming free and amt of sacrifice is in proportion to expectancy of life after retirement.So the fingers are still crossed at the anticipated load factor post option.
Referring Chandan April 1, 2010 10:56 PM
" 17.5% does not include the pension cost of pf optees. That will be an additional 6.05% over 17.5%. Thus total will be 23.55%.
Dear Friend,Do u still beleive these self styled Union Leaders???
In the MOU Signed on 27th Nov it is clearly stated----Read Below why SBI opt out of current wage revision..
THE NEW DEAL
* Average wage hike 17.5% for 702,000 public sector bank staff
* 272,000 serving employees, 60,000 retd personnel to earn pension
* Wage hike to cost Rs 4,816 cr a year
* Staff to bear 30% of pension gap, estimated at Rs 1,800 cr; remaining Rs 4,200cr to come from banks
* Those joining from April 1 to move to contributory New Pension Scheme
Two SBI union representatives refused to sign the minutes of the meeting and their future course of action would be decided on Tuesday due to the reason that the proposed 17.5 per cent hike, 4-5 per cent would go towards paying pension expenses of other bank employees. This is not beneficial to SBI officers as well as employees. It reduces the effective rise in wages to SBI officers and staff members. Hence, SBI unions decided not to be party to the memorandum
SBI already having Pension option for their employees,hence dont want to settle for Meagre wage revision for their employees..
AIBOC vide their Cir.No.40 dt 1.4.10 staes as follows:
CONCLUSION OF 9TH BIPARTITE IS IN SIGHT
NEXT ROUND OF MEETING WITH IBA SLATED FOR 3RD APRIL, 2010
We are happy to inform all our members that amidst lot of speculation
and apprehensions, the final stage for inking the cost sheet as
regards the distribution of the wage hike to various components of
salary allowances is now ultimately likely to happen on 3rd April 2010
as agreed between the representatives of the Officers’ Organisations
and the IBA, thus putting an end to the uncertainty that prevailed all
these days.
2. Keeping with the rich tradition that the Confederation has been
maintaining, we did not share the minute details of the negotiations
which basically consisted of apportionment of the load factor on all
the major components of salary and thereafter the superannuation cost.
The negotiations were tough since the Government and IBA were hard on
several issues relating to cost towards superannuation benefits
including the incremental cost. The Confederation could exert its
pressure to the extent possible to remove the burden on the Officers
through continuous dialogue with the representatives of IBA including
the Chairman of IBA.
3. The leadership of the Confederation had taken lot of initiatives
and has been in touch with the IBA including the Chairman of IBA to
ensure that some of our major demands are met apart from the smooth
extension of 2nd Option on Pension. Some of the major demands have
been accepted in principle by the IBA and enough care has been taken
to ensure that the Officers get a fair deal. Therefore these positive
developments must be attributed to the maturity and statesmanship
exhibited by the leadership of the Confederation and also their
persuasive skills in arriving at an amicable settlement in the current
negotiations.
4. In the meeting of UFBU held on 31.03.2010, after detailed
discussions, it was decided to finalise the settlement on wage
revision and pension option without further delay. It was also agreed
that, the issue of equalising the cost of PF and pension balancing by
the IBA to be accepted without any conditions. As regards reworking
of cost of Pension as proposed by us, IBA did not agree to assume the
number of employees who would remain in PF. After detailed
discussions, it was decided not to press this issue further.
5. On effective date of Pension Option, IBA maintained that it would
be from the date of settlement and not from 01.04.2008 as demanded by
us. The UFBU would pursue this issue further.
6. Comrades, there are a number of rumors spread across the country by
some of the mischievous elements to create confusion amongst the rank
and file. We only hope that the patience and perseverance by the
Confederation will be bringing the best results on the 3rd April 2010
to all our members and we advise them to keep their cool and not to
heed to mischievous propaganda by our detractors and also look for our
further communication on 3rd April 2010 in this regard.
With revolutionary greetings,
G.D.NADF - General Secretary
readjReferring Pushkar 2, 2010 3:47 AM:
Shall I take it granted from you that C H VENKATACHALAM, Convener UFBU is telling lie on this load factor? I mean pension cost for pf optees is not beyond 17.5% but very much within 17.5%. Please ensure your stand to declare the Convener UFBU as a lier or not on this subject basing on his information provided to my email.
Thanks.
Referring to Chandan-April 2, 2010 10:12 AM
I think there is some confusion. Management will share pension cost in addition to 17.50 % towards wage revision.However, 30 % of load to be borne by employees will be deducted out of this 17.50 % wage increase in respect of PF optees who are allowed to opt for pension now.
Referring to Chandan-April 1, 2010 8:59 PM
I am of the firm opinion that even if there is no pension cost in this 9 th BPS, wage increase would not have been more than 17.50 %. This you will observe in the 10 th BPS also as there will not be any pension issue at that time. Pension fund creation need not be out of profit but also from reserves and there will not be any outflow of funds like salary.Only utilization of the fund matters.
Referring Pushkar-April 1, 2010 5:03 AM
It is your version.All PF optees are not fools.At that time what decision PF optees took was correct.Nobody objected IBA from offering another option after removal of restrictive clause in 1996 where there was no load factor at all.IBA went on denying unnecessarily another option for pension. In case everybody opted for pension in the first instance itself what IBA would have done?It was bound to allow everybody. In RBI how they have allowed pension option more than 5 times?
You can see BEFI website for history of pension in their circular dated 31.03.2010.
IN HIS CIRCULAR NO. 40 DT 0104-2010BADE NAWAB MR.NADAF SAHAAB SAYS "there are a number of rumors spread across the country by some of the mischievous elements to create confusion amongst the rank and file"
IF THAT IS THE CASE ARE YOU MR. NADAF SLEEPING ON 31-03-2010? WHAT PREVENTED YOU FROM ISSUING YOUR CIRCULAR NO. 40 ON THE DATE OF MEETING ITSELF i.e.ON 31-03-2010 TO PUT THE RECORD STRIGHT? HOW MUCH TIME IT WILL TAKE TO ISSUE A ONE PAGE CIRCULAR? HAVE YOU ON ANY DAY ISSUED CIRCULAR ON THE DATE OF MEETING ITSELF? HOW OTHER UNIONS CAN DO IT? ACTUALLY YOU PEAOPLE ARE ABETTING TO CIRCULATE MISCHIVIOUS NEWS TO GET SOME MILAGE AND BLAMING OTHERS. BY THIS TYPE OF CIRCULARS YOU ARE NOT GOING TO GET ANY SYMPATHY FROM MEMBERS. THE MEMBERS HAVE REALISED AS TO WHAT TYPE OF PEOPLE THE UNION LEADERS ARE. DO NOT TRY TO FOOL THE GULLIBLE MEMBERS. PLEASE IMPROVE YOURSELF AND ISSUE THE CIRCULAR ON THE DATE OF MEETING ON 03-04-2010.
Referring Madappa-April 2, 2010 8:33 PM
In my opinion this is not the time to blame each other.Let final settlement get signed.We may introspect and correct ourselves.To err is human. To forgive is divine. We should not forget that our demands are with IBA through union leaders.We should try to get best out of their wisdom.
Referring SHANKAR April 2, 2010 7:38 PM & April 2, 2010 8:11 PM:
Dear Sir,
Definitely without any documentary support that establishes Pension load for PF Optees is within 17.5% load, it is not at all possible on my part to disbelieve C.H.Venkatachalam, Convener, UFBU unnecessarily. Why should a seasoned bank employee like me believe that all are within the load of 17.5%? Mr Nadaf has recently assured his SBI members for 21% hike exclusively for SBI. Where does this 3.5% over 17.5% come?
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However on the following subject I am disagree with you to a certain extend. In various discussion you took a firm stand that due to restrictive clause many bank employees didn't opt for pension.That many was maximum to 5% of total work force. Many bank employees /officers across the country were/are not aware of minimum subject of their service conditions. Recently I have taken a survey of around 50 bank employees/officers who are PF Optee. Despite one or two others are quite unaware of such a clause that was existed once upon a time. AIBOC & BEFI were the real culprits for spreading an imaginary figure among innocent little knowledge bank employees/officers.It is not the unions but the NPS introduction that provides another option for PF Optees for pension. If we would have agreed for NPS in 2005 in last BPS then the present option for pension would have been available at that time of 2005. I am quite aware of the strength of these bank unions. They are paper tigers. In fear not in respect many of us including me follow them despite our wishes.
Regarding RBI the option for pension for PF Optees also came along with PF Option for existing pension optees. Many of so called prudent employees /officers of RBI were also shifted their option from pension to PF in 1999 option. You can also verify the records at their end. Now those people are repenting.
I am also very sure this blog is to be closed on this type of discussion once Ninth BPS and pension issue, settled finally. And we people those have 15 or more years of service is to face the irk of new set of employees with NPS at the time of our retirement due to this pension issue. NPS employees will outnumber us at that time and the rein of union may be at their hand.
Thanks.
N.B: I am a pension optee right from 1993 opted in Feb 1994 and copy of option is in my personal file in branch.
(Previous post removed and repost here to rectify a sentence error)
AN APPEAL TO IBA AND ITS TOUGH NEGOTIATING TEAM TO SHOW LAST MINUTE GESTURE
The negotiation drama of nearly 28 months are likely to be over to day . However one crucial aspect is the date of effect of pension option. You can show your gesture and your solidarity with poor bank pf retirees by agreeing for 01.04.2008 considering the following points.
. food inflation and nearly doubling of cost of living since 2007 might have eaten the pf money of majority of the retired employees as the poor rate of interest may not be sufficient to have even a normal living life style.THEY MAY NNOT HAVE LEFT WITH MUCH MONEY.
Try to find ways to help them rather than taking advantage of the weakness of UFBU and denying things to them.
In order to avoid the complications in calculations etc you have chosen to accept the pf accumulations with interest as such instead of charging interest further and giving pension from the retirement date etc to the disadvantage of pensioners.
Since they committed a blunder at that time they left with no other option and the pf retirees are like persons in orphanages . With the unions are not in full spirit to get the benefits to them the boss ie IBA /ministry of finance should come to the rescue and help them.
One step in this direction has already been made it seems by agrreing for extending 100% DA neutralistion to pre 01.11.2002 pensioners also ( available copy of the draft settlement of AIBEA). Similar type of gestures within the parameters possible like commutaion and calculation of restoration period from notional retirement date with monetary effect from 01.04.2008 and extension of soft pension loan with 6% simple interest rate for the amount payable if any by the new optees will go a long way in relieving the poor pf retired people from the ongoing mental agony .Except pension updation which can be taken later all the other positive features of the pension can be considered so as to bring uniformity in pension laws prevailing in the country .PLEASE HELP US AS THERE IS NO UNION FOR US AND YOU ARE ALSO REFUSING TO CONDUCT ANY DIALOGUE WITH THEM OFFICIALLY.IN THE DEMOCRATIC INDIA WHERE EACH AND EVERY SEGMENTRECEIVED HUIGE LIBERAL BENEFITS FROM THE RULERES AT THE ELECTION TIME WE HAVE MISSED THE BUS DUE TO FALSE PROMISES . AT LEAST NOW YOU HELP THE BANKMEN AS FOR AS POSSIBLE WITH POSITIVE APPROACH TO BOTH SERVING AND RETIRED.
K BALASUBRAMANIAN RETIRED SENIOR MANAGE VRS 2000 PENSION OPTEE
COREECTION
LINE 11 READ AS PROSPECTIVE DATE INSTEASD OF RETIREMENT DATE
REGRET FOR THE ERROR
K BALASUBRAMANIAN
Dear Balan Sir
Pl send your appeal to Finance Ministry by email on behalf of poor PF retirees.
till here it is sufficient?
what we can hope is on 3rd April our leaders will meet IBA and may tell members that in view of negative attitude of IBA, we have withdrawn our demand for increase in salary"...............esteemed ssenior leaders
Referring to Chandan-April 2, 2010 11:47 PM
I have been expressing my views based on facts. I am not aware of people who do not know about their service conditions. We had a team of union members who chose PF in view of restrictive clause. At that time we never thought about rate of interest or other factors at all as all of us use to participate in each and every strike call given by our unions whether it was right or wrong. We were proud to be militant members (Subsequently it faded away after closely monitoring the union activities).
I know (I was handling Personnel Department) several employees submitting letters to our department to the effect that they have not participated in strikes though they belonged to some unions. For such people service conditions become irrelevant. They are capable of overcoming any constraints in their life.
But for militant union members who were not ready to compromise certain principles, this restrictive clause was a hindrance. This is one aspect.
The question is whether an employee (It may be even only one employee) was entitled for another option for pension after removal of this clause or not. Answer is definitely “yes.” Whether the managements were ready to consider or not is a separate issue. It is denial of equal opportunity and discrimination between employees as per law. Here an employee need not explain as to why he chose PF instead of pension since that employee has a legal right.
Another instance. A person with 21 years of service should get more than that of a person with service less than 21 years.
But IBA added 5 years of service for pension benefit to a person who completed 15 to 20 years but declined the same to a person who completed more than 20 years. Thus an employee who completed 18 years got 23 years benefit and who completed 21 years got the benefit of 21 years (2 years less). Was it necessary for Supreme Court to interpret this and blast IBA? It was a simple logic which a first standard student can understand. A law graduate is not required to interpret this. But IBA made employees to knock the doors of Supreme Court. This is where our fighting was with the Managements and Government. Even those who have opted PF for any other reasons are also entitled for another option for pension, since this restrictive clause was applicable to everybody whether he was aware or not.
Employees are bound to commit hundreds of mistakes due to ignorance. Even now they may commit mistakes. But managements are expected not to commit even a single mistake playing with the future of employees. In such cases, employees always look forward at unions for taking up the matter with the managements for rectification.
If managements are interested in keeping their employees happy, this type of fighting will never arise.
HENCEFORTH,CASE MAY BE DIFFERENT.
If any employee is not opting pension now, he looses all his legal entitlement of demanding another option since there is no restrictive clause now.
As you suggested, we may close this pension issue since the matter is nearing an end.
DISTRIBUTION OF 17.5% WAGE COST IN VARIOUS COMPONENTS OF SALARY AND ALLOWANCES OF OFFICERS FINALISED ON 3RD APRIL 2010 WITH IBA * CIRCULAR FOLLOWS* NEXT MEETING WITH IBA ON 9TH AND 10TH APRIL 2010. FINAL SETTLEMENT BEFORE 15TH APRIL 2010.
-SOURCE :ALL INDIA UNION BANK OFFICERS' FEDERATION WEB SITE
ALL INDIA BANK OFFICERS' ASSOCIATION
BIPARTITE TALKS – 03.04.2010
1. Higher start of Basic Pay demanded but due to cost constraints, IBA not considered.
Basic Pay Rs.14500/- - Rs.52000/-
2. Medical Aid –Rs.5100 / upto Scale III – above Scale III – Rs.6320/-
3. Stagnation Increment for Scale I, II and III – 2 increments
4. Next round of discussion on Residual Issues – 9th & 10th April 2010.
5. On common issues UFBU meeting with IBA on 12.04.2010 for finalizing Pension draft.
6. Settlement will be signed on 15.04.2010
UFBU LEADERS, WHERE R U ? ARE U SLEEPING WITH BITCHES ? TO DYS IS 20-04-2010 . WHAT HAPPENED TO WAGE REVISION ? WHY U ARE NOT KEEN IN SETTLING THE 9th BPS
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