WAGE TALKS – WHAT HAS EMERGED SO FAR
1. Scales of Pay
JMG Scale I – Rs.14500 - Rs.28100 + 2 Stg.increments of Rs.800 [available now] + 2 [new] addl.stag.increments @ Rs.900/- each
MMG II – Rs.19400 - Rs 30600 + 2 stg.incements of Rs.900 [available now]+ 2 [new] Addl.stag.@ Rs.900/- each
MMG III – Rs.25700 to Rs.31500 + 2 stag.@ Rs.900 + 2 [new] Addl.stag.@ Rs.900 each
SMG IV – Rs.30600/- - Rs.36200/-
SMG V – Rs.36200 - Rs.40400/-
TEG VI-Rs.42000 – Rs.46800
TEG VII – Rs.46800 - Rs.52000/-
2. Dearness allowance – for every 4 points rise/fall beyond 2836 points of CPI,
Dearness allowance at 0.15% per slab
Dearness allowance at 0.15% per slab
3. HRA @ 8.5%; 7.5%; 6.5% on revised Pay respectively.[BP+PQA+Stg.increments] for special places, Area I, other places.
4. CCA @ same rate of 4% of BP and 3% of BP with max. at same amount ie; Rs.540/- and Rs.375/-respectively.
5. Two additional stagnation increments for Scale I, II and III officers. The first of which will be paybale from 1.11.2007 provided he/she has completed 3 years after receiving the II stagnation increment. The fourth stagnation increment will be paid 3 years after drawing 3rd stagnation increment ie; 1.11.2010 or later.
6. W.e.f. 1.5.2005 pension to officers retired during the period 1st April 1998 to 31.10.2002 will be refixed on pay definition in terms of Joint Note dated 14.12.1999 – No arrears / commutation in respect of this will be paid
7. Similarly officers who retired in service during 1.11.2002 to 30.4.2005, Pension will be refixed pay as per Joint Note dated 2.6.2005. No arrears or commutation will be payable.
8. Medical Aid – JMG & MMG – Rs.5100/= and SMG & TEG –Rs.6200/- per annum
9. Hospitalization
Upto scale III Bed charges Rs.700/- for self per day
Bed charges RS.525/- for family per day
Other charges – 125% of workmen rates
Scale IV & above Bed charges Rs.900/- for self per day
Bed charges Rs.675/- for family per day
Other charges – 150% rates of workmen eligible for other charges
10. Recovery – for rent 1.20% of first stage of pay and 0.25% for furniture of first stage of pay or standard rent which ever is lower.
11. FPP
Increment + DA as on 1.11.2007 + HRA @ applicable rates
800 58
900+ 65
1000+ 72
1100+ 79
1200+ 86
1300+ 94
12. CAIIB Part I Rs. 410/- pm
CAIIB [both parts] Rs.1030/- pm
13. Deputation Allowance
Outside the Bank – 7.75% of Basic pay with maximum of Rs.2300/ pm
Within the Bank – 4% of Basic pay with maximum of RS.1200/- pm
14. Hill Allowance
1000 meters 2% of BP max.Rs.550/ -pm
1500 meters less than 3000 meters 2.5% of BP max.Rs.680/-
3000 meters and above 5% of BP max. of Rs.1570/-
15. Halting allowance
Scale IV & above 1000 800 700
Upto Scale III 800 700 600
16. LFC
a. JMG entitled to travel by air to the eligibility I class AC
b. Dependants income Rs.3500/- pm
17. Project Area Allowance
Group A Rs.290/= pm
Group B Rs.255/- pm
18. Mid Academic Allowance Rs.700/- pm
19. Split Duty Allowance Rs.165/- pm
20. Date of effect – 01.11.2007
[ except in the case of Hospitalisation. Halting allowance, Split
Mid Academic Transfer allowance and officiating allowance
where it will be effective from 1.5.2010 ]Source : All India Bank Officers' Association
72 comments :
WONDERFUL SETTLEMENT BUT NO ONE PREFERS !
WHAT A PITY OF MOULDING THIS TYPE OF YIELDING AFTER A STRESS AND STRAIN MADE INBETWEEN IBA & UFBU !
probationary officer (po) promoted officer (po)
HAM KSMEKASHE GAM SE UBAR KYUN NAHI PAATE.
HAD KI BESHARMI KI
TUM BESHARMI SE MAR KYUN NAHI JAATE.
Can any body tell what will be fate of an officer retired on 30th Jan 2010 whether he will be treated as an exiting or retired employee
This statement should have been made public as and when the matter was moving in the wrong direction and definitely this is not the right time.When thousands of blog members were expressing their angry for not disclosing facts happening within UFBU, why these things were not revealed? Now what is the next course of action?
No body will support strike now since UFBU lost the golden oppertunity of calling indefinite strike during March 2010 for which there was overhelming support from every staff.
Now the only alternative left to members is to discard those who are against signing the settlement immediately and support those who are in favour of signing the settlement.
Members now forget 9 BPS. This has gone in cold storage for atleast 1 year if not more. In the present form settlement cannot be signed as it will be open for many litigation from current pension optee.
The optional left to members now is force the current unions leaders step down immediately and make way for new leadership from serving employees.
Referring to Nidhi-April 18, 2010 2:26 PM
Now there is no option other than to settle the matter immediatey.Litigation from present pension optees is not sustainable since from the balance sheets of all the banks for all these years it is proved that their share from the mamagement was double that of PF optees.Further, Courts have have given clear verdicts that pension matters should be settled between Managements and Unions and Courts will not interfere. Knowing this very well,IBA is insisting that the burden should be shared by all irrespective of the fact whether he or she is a pension optee or PF optee.
Referring Mr. Shankar,where is the question that court will not intervene. Will court not see that what injustice has happened to present pension optees? Why they should loose their money for others? It is requirred that pension optees should move to court immediately.
Friends, Mr Shankar is correct in as much as the Pension regulation stipulates for setting of an actuary committee to evaluate the cost factors as and when felt necessary. It was not being looked into for all these 15 years. Now that second option was expedient, the IBA wanted to revisit the cost factor and get the funds strengthened. Mr Shankar is also correct that all banks are providing more funds to Pension than the PF fund which is at stipulated 10%. Nevertheless, by way of contributing a one time 1.6% basic pay the pension optees will not be actually loosing anything,for, the revised basic pay would pave way for improved commutation money and pension. I am also a pension optee and I was also initially feeling bad on coughing up extra now. But on peeping into the records and facts I could realise these.
One thing we should all insist our leaders at this juncture is that there should be an option for the employees (both pension and PF optees)to give mandate to banks so that the difference in Members contribution to PF out of arrears can be credited to fund the 1.6times contribution and balance is deducted out of arrears. This will help in getting improved net arrears. Since the difference in PF is to be credited to only Pension fund it will not be a legal hurdle as it is also part of statutory deduction. I request all members to take up this with their respective leaders.
We should move to court for the injustice being done to pension optees. Why should we give 1.6 times as we are already a pension optee, and why one doesn't think that after calculating arrears we will give 1.6 times from that arrears and also we have to pay tax on that total arrears. Where is justice for pension optees?
now everywhere all pf/pension/retired pf optees are feeling sad on the likely wage/pension settlement to be signed next week.i understand the only follwing alternatives left with iba/unions to create pleasing,healthy and pleasant atmosphere among bank staff are
1.pf arrears be credited to pension fund account in stead of self pf account of all existing/serving employees resulting in increase in the amount of arrears and the gap if any shall be deffered under deficit financing to be filled lateron.
2.accumulation of p leave balance from 240 days to 360 days.
3.introduction of five days week in the banking industry.
4.stagnation increments of scale i,ii,iii be abolished and running scale up to scale iv atleast( if not up to scale vii) shall be implemented.
this is my humble request to consider my above alternatives with positive mind by iba/unions.
further more i request all blog members to give your opinion on my views.
I am surprised why unions are not demanding HRA equal to Central Govt./state govt./PSU employees. It is a genuine demand. If they demand Govt./IBA may consider it.
Referring to Sanjeev-April 18, 2010,6:01 PM
Moving to court will not solve the issue.Pension issue was taken up in courts already and decided in the highest court that the matter has to be settled between Managements and Unions.The benefit which pension optees were getting all these years is compensated to PF optees now.Hence the matter is not sustainable if challenged.IBA and unions can not decide on what we say.It will be decided as per records.
Referring to Ravi-April 18, 2010 5:15 PM
I have expressed my view as I know that the matter is not sustainable in courts. If anybody is moving to court who am I to object them? They may try their luck. But they should not unnecessarily loose money by paying to advocates. You may seek opinion of thousands of retirees, who paid Rs 3,000.00 each to one advocate and finally got nothing.
Referring SHANKAR 18, 2010 3:16 PM:
"Further, Courts have have given clear verdicts that pension matters should be settled between Managements and Unions and Courts will not interfere."
Sir,
A particular verdict of court can't be taken as a precedent for any similar case/subject. In law there are ample opportunities/scopes available in this regard. Just observe the supreme court's last two decisions on the right of daughter on her paternal property, which are quite reverse to each other. More over asking another opportunity to opt for pension through court of law and a prayer against the forceful deduction from pension optees at the court of law are quite different to each other, though both related to some way to one subject pension. More over one legal point is, retired pensioners are spared in this deal though they are very much the part and parcel of last BPSs. The question is why and what for they are spared ?
I don't know what will be the final outcome for existing pension optees, but sure that this and that 156% non-uniformed collection from retired PF optees will complicate this subject further and delay the pension issue. However wage settlement will be signed maximum within one month and I apprehend that, the pension issue may miss the bus for the time being in coming two months.
Thanks.
Are O Babumosai,
Kisne roka hai aap ko court jane se.Jao stay lao.ye unionwalo ka jadu hai,paise sabko barabar dene padenge,tumhe bhi dene padenge,hukam to hukam hota hai.Nahi dena hai to stay lao.sab rukwa do.aur bhi maza ayenga aur 30 mahine,bahut sara arreares milega.Kuchh nahi honewala,paise aur samay brbad mat karo.Baki jo ho sake vo karlo.
Please Reade First below mentiond:
> Lot of pension optees are writting that why gap in pension fund is being recovered from existing pension optees. This is because of their ignorance of the following fact
In last three settlement i.e. 1992, 1997 & 2002 the existing CPF optees has been bearing 3 to 4% of wage load for pension optees. had not been this case then the salary of PF optees should have been revised more that the pension optees in last 3 settlement.
If Pension optees are not ready to bear the cost then in last 3 settlement 3-4% be recovered from pension optees and given to Pf optees as arrear. The PF optees will then bear all cost out of arrear
ashwani said... April 18, 2010 11:15 AM
Than also any Pension Optees feel injustice than court gate is open for all.
Actually We are all victim of UFBU agents they spreads wrong matters here and want to hide leaders failures to get good wage settlement.
If PF optees bare load for Pension optees in last 3 settlement then now turn of pension optees to bear load.Why crying?Nothing can change even after court case,Try it.Only waste of time and money.If any unwanted situation will stand than also nothing will changed What is today,It will come after some months nothing else.
As per my view Pension optees should be stop crying and should be knock at court doors.Nothing wrong to try.
If court verdict will come like recent than Who will lost their time and money ????
"ONE COIN'S TWO SIDES"
We all doing What We have not to do and What We have to do that We are not doing?
We all should be ask to our leaders for all these injustice in pension and wage revision.
It is only Divide and Rule pattern only.
If We continue like this time than its confirmed We will all finished like YADAVS in Shri Krishna time.
Regards
dear friends,
WE CANNOT WIN A CASE AGAINST THE GOVERNMENT WHICH IS DECIDED TO HELP BENEFIT OF A SECTION OF WORKING CLASS. DONT LOOSE HEART AND MONEY. LET YOUR OLD BROTHER AND SISTER WHO MISSED THE BUS EARLIER LIVE PEACEFULLY WITH YOUR CONTRIBUTION ON THERI RETIREMENT.SOMEBODY DEFINETELY PRAY FOR YOUR WELL WISH.
s better for now to pay pension load to all. Its of no use of hue and cry now. Lets hope for a good 2012 BPS settlement as at that time IBA dont have any option to blackmail unions like now (2nd option for pension). Good time is ahead.
Referring vatsan 19, 2010 6:05 AM:
A court case definitely create chaos among PF optees.It never effect any further harm to pension optees. See judgement on adding five years notional qualified service for SVRS-2000 employees.Let court to do its duty.Those advocate here not go to court of law on this issue, please note that they are not legal experts.Thinks can make and unmake in law.The endeavour of pension optee would be to achieve a judgement to drag all the short fall to join in pension fund for PF optees to be collected from PF optees only.When pension optees are loosing such a huge 1.6 amount, what's wrong by spending another Rs 2000/- to 3000/- each to stand a case and knowing the door of supreme court step by step.Atleast they are to fight not to compromise.When retired PF optees are contributing such a huge 56% extra, what's wrong if existing PF optees contribute a factor 3 instead of 1.6 from their arrears.They should feel themselves lucky enough that this re-option is availed to them.Existing PF optees should not create havoc for retired PF optees and should agree for higher contribution if required.They should have some sort of solidarity to retires, who are to contribute much more than them.
Thanks.
Referring to Chandan-April 18, 2010 9:12 PM
It is true that verdicts from court to court differ. A court case filed against my family by our land lord for vacation of tenanted house took 18 years for giving verdict though the same came in our favour.
Here my point is whether bank employees can afford to wait for years together and loose money towards lawyer's fees,Court fees,etc ? I always honour an early saying
" A man won in court is actually defeated and a man who lost is actually dead "
Still if anybody wants to move to courts knowing all these, they may do so as no body can stop them.
mr sankar,
where you were when the settlement was dragged for 2 yeras?
It seems you are as puskar for union.
if somebody goes to court at least we will come to know how much brokerage union has got for all this mess.
The matter could very well be taken up to the Court and there is a fair chance for the Pension optees to win the case. There is a great degree of injustice done by the management and unions to the Pension optees, which is not their fault. If the PF optees want another option, they should be ready to pay the price for that and should not dip in to the resource of Pension optees. As such already the Pension optees are going to get penuts in this revision due to the issues of pension option.
Sri Shankar
Don't worry no one has daring to go court at own risk and money.Who bankers have no daring to resign from unions,How can dare to go court.
We all are tigers of picture book.I have also consult advocates for future court case by pension optees,they clearly advise me to not worry,It may be out on first or second hearing.No base here.If pension optees feel injustice then I am ready to help them with Rs.3,000/- or more.I and my friends make mind if pension option came than well or not came than well.We can also go to court but We do not want delayed for seniors and retired bankers.
"MUDDAI LAKH BURA CHAHE PER VAHI HOTA HAI JO MANJURE KHUDA HOTA HAI"
Will 9th bipartite will be signed on 20th i.e. tomorrow?
dear friends,
I am not against anybody is going to court and find solution for the unethical second option pension. It seems all the 9 unions were with a formula how to dealwith the second option for pension.It is very clear and implied meaning from the U F B U circular that I B A override their collective approach and pressed for implimentation of (IBA's)their
propsal, so that they can win any case against their proposal. Thats why the unionform deduction for all cadre. This is my view.To deal with IBA we may need a stronger arm (legally)to dealt
CAN ANY ONE TELL WHETHER MY STATUS WILL BE OF REGULAR EMPLOYEE OR RETIRED EMPLOYEE FOR THE PURPOSE OF AMOUNT TO BE CONTRIBUTED BY ME FOR OPTING PENSION SINCE I VOLUNTARILY RETIRED AT THE AGE OF 52 YEARS IN SEPTEMBER 2009 FROM THE POSITION OF SCALE IV OFFICER...WHETHER I HAVE TO CONTRIBUTE 1.6 TIMES OF PAY IN NOVEMBER 2007 OR THE AMOUNT AS PER FORMULA X+Y-Z APPLICABLE TO RETIRED EMPLOYEES...
M.C.AGRAWAL
mca1957@rediffmail.com
0141-2712388/+919462119372
i was also retired in sept 2009 from scale-iii cadre...please let me know the cost to be borne by me for pension option...it will be total injustice with me to bear 56%of pf amount(bank contribution) received by me which is coming around rs.4.63 lac and if my ststus is to be treated as retired employee then i have to pay 8.27 lac(bank contribution+4.63 lac(56% of banks contribution) which comes around rs.12.90 lac....
pls clarify.
with regards.
Arvind Gupta
Referring SHANKAR April 19, 2010 7:02 AM:
Sir,
These are the minimum requirement for pension optees to go for a court case on this 1.6 issue.
1)Have to form a forum with atleast 1% of total strength of existing pension optees.
2)If required technically, then the members of this forum are to be resigned from their respective unions for the time being and to be non members.
--------------------------------------------------------------------------------------------
Pension optees are atleast risk takers. They opted for pension in between 1993-95 irrespective of restrictive practice clause etc. C.H.Venkatachalam, a fore front union leader of that time(1993-95) also a pension optee in spite of these clauses.As per practice prevail in our industry risk taker pension optees should be rewarded better than non risk taker PF optees. Removal of this 1.6 factor on pension optees that is at par with PF optees, certainly is the best reward for them presently.
Thanks.
The argument of PF optees for contribution from Pension Optees stems from their claim that they have contributed 2-3% in the previous wage revisions. The fact is that out of the load decided at that time, the load that would result on PF contribution by the Management and Pension Payment consequent to pay revision was rightly included in the calculation of load. Therefore there was no 'sacrifice' from the PF optees as they claim. In that case, since the increased PF contribution on account of revision in basic pay is also a part of the load, it can be said that the Pension Optees also 'sacrificed' for PF optees.
Trade Unions function on the principle of one for all and all for one. It is for 'bahujana hitaya, bahujana sukhaya'. We have to accept that PF optees or more in number than Pension Optees, whatever may the reason for they opting for PF. Hence, we, the Pension Optees do not grudge contribution, if our PF optee brethern gets social security. Let the prodigal child come back to our fold. But what is expected of PF optees is at the least, to acknowledge graciously the spirit of sacrifice of Pension Optees for the cause of PF optees, instead of seeking retribution on the debunked theory of earlier perceived sacrifice.
I am also not in agreement with the disgruntled elements' call for desertion of trade unions, character assassination of the trade union leaders. It must be remembered that the offer of the IBA for wage revision was 10% in the beginning. It is with the perseverence of the trade unions the wage load was increased to 17.5%. It is no mean task to snatch the benefits from the unwilling hands of the management. If anybody thinks that the Government/IBA would give more than the trade unions could achieve, he is living in a fool's paradise. WE need the machinery of trade unions to champion the cause of the employees. Calling names and vituperative comments will only show the abyssimal fall in the character of such persons.
Some of the readers told in this blog that existing PF opty has secryfied in earlier wage sattement. My question is "for whom they have secrified ?" due to their deceision only.They were aware the fact that rates are changable. they were already aware all the facts, because that time, option was given to each and everybody . Now this option is available only for existing PF opty. why should Existing pension opty secrify.
mr. d .a. looks like an agent of these chor leaders trying to convince the pension optees , not to go for court case on the pretext that earlier PF optees contributed for pension optees. beware of these cunning leaders trying to douse the flames now.
20TH KI MEETING KA KYA HUA ?????????
while loss making BSNL can go for a strike then why not Us understand our leaders at least now and let us make them understand in the next election, let us be united let them not give the opportunity of DIVIDE AND RULE
BSNL INDEFINITE STRIKE going on successfully.Today is the first day.Think for our leaders.
As per unions website I think UBFU meeting with IBA for signing of settlement,wait and watch up to 9pm,because so called leaders has no value of our eagerness,As per news I have got news meeting will held on 22nd,It may be wrong due to award staff unions not ready to sign settlement.Put a side pf and pension,Don't forgot disparity in wage settlement due to inefficiency of leaders.Everybody free to do court case for justice,But don't forget to punish leaders.Without soldiers CAPTAIN has no value.So,resign from unions.If our leaders not lost chances of strikes and seen devil daring for indefinite strike picture is very good definitely.
Regards.
Refer Sh.Sanjay Bhat post of today. No meeting appears to be taking place today. Will he please clarify for he has suggested that we wait upto 9pm. In fact as far as I know no where it was indicated that meeting would take place today. Vasudevan
Referring to Vatsan-April 19, 2010 6:22 PM
You are right. It is IBA's insistance that pension cost to be shared by every employee including pension optees.
Referring to Chandan-April 19, 2010 10:16 PM
What you are telling can not be ruled out. But as I have already placed in this blog, we had a team of militant union members who were participating in each and every strike and loosing our salary, whether the calls by unions were right or wrong.We also use to attend each and every meeting of our unions.Unfortunately our union general secretary informed that we will loose pension in case of strike and it is upto the officer concerned to decide whether to opt for pension or not and unions are trying to get the clause removed. So our team preferred to remain in PF as we use to participate in every strike. Most unfortunate thing was the same leader himself opted for pension and subsequently took VRS telling everybody not to take VRS.Thereafter we came out of the illusions and understood foolishness we committed and double standards of these leaders by which time it was too late to think that we should have taken our own decision instead of listening to leaders.Past is past and there is no point in seeing at the past.It is over and nothing can be done now.
Lastly, I am of the firm opinion that for serving my bank for 35 to 40 years I have the liberty of demanding anything from my bank and it is my upto my bank to consider or reject my demand.IBA is a bargaining authority with unions on behalf of individual banks and unions on behalf of individual staff members.
Hence others, whoever it may be are third parties and have no authority to object or comment except those staff members of our bank. This applies to each employee of each bank. That is why I am not bothered about any comments in this blog. At the most there may not be another pension option. That is all. But when Banks have written lakhs and lakhs of Rupees as bad loans demanding is our right.
there is news that against revision someone filed a case in court !
SHANKAR 20, 2010 7:33 PM
Sir,
Here I repost my earlier comment on November 28, 2009 2:51 PM at headlines UFBU SIGNS MINUTES WITH IBA : Pension Option with 17.5% hike. SBI Leaders walk out.
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Dear Kumar,
I am not completely disagreeing with you.But I am surrounded by so many pf optees, who are very close to me. Even some of them are my childhood friends.Observing their tense situation for last couple of years and feeling helplessness of their family-members due to it; being a human-being I have no other way out, but to stick to the view expressed by me at November 28, 2009 6:59 AM.
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As we know records are clear on sharing of pension load in 1992, 1997 & 2002, naturally the judgement may favour PF optees. Sacrificing Rs 30000/- for the happiness of my childhood friends never be a large amount for me. But I am quite unhappy with the way UFBU is functioning on the subject.
Thanks.
It appears that there is no point in discussing the matter here above qage revision since the things are not moving in the right direction of settling the issues.
It appears that there is no point in discussing the matter here above wage revision since the things are not moving in the right direction of settling the issues.
It is reported somebody filed a writ in AP high court against IBA and the same was listed and posted for hearing on 27th April(as per BEFI statement)
All Members,
Must read an article published on allbankingsolution.com by Mr. B.J.Mishra
"Letter to News Channels - Implementation of VIth Pay Commission Recommendations in Banks"
Dear Friends,
Here is a scoop that all the nine union leaders are right now with the Finance Minister, seeking his interference in the matter of effective date of pension payment, stressing for it to be from 01.04.2008 and for expeditious signing of settlement.
It is also learnt that the writ petition filed by the person is not a member of any of the nine union/associations and as such has not locus standi to stall the ensuing agreement which is till in the making.
All Members,
Must read an article published on allbankingsolution.com by Mr. B.J.Mishra
"Letter to News Channels - Implementation of VIth Pay Commission Recommendations in Banks"
when rome was burning nero was celebratting.
CIRCULAR NO.48 20.04.2010
TO ALL AFFILIATES/MEMBERS:
PREPARATIONS FOR SILVER JUBILEE CELEBRATIONS
AT CHENNAI, ON 24TH APRIL 2010 IN FULL SWING
CURTAIN RAISER OF THE CELEBRATIONS – INAUGURAL FUNCTION IN ETHIRAJ COLLEGE AUDITORIUM, ETHIRAJ SALAI, EGMORE
comrade nadaf,
do u think that it is a time of celebration.
shame on you...
Mr Iyer What is the latest development in Today's meeting with FM??? plz five the details
can anybody got any news about the meeting held between ufbu leaders &finance minister today?????????????????????????????????????????????????????????????????
News is that finance minister told all 9 leaders don't bark here my puppy IBA told you all are right and bit them all and all 9 leaders running with straight tail and come back.
Now guess What is next Action by our 9 RATNA?
Nobody now written GOLDEN HISTORY of unions.I think due to busyness or feeling the shame.
If your leader is impotence than he is or not both the same.
BSNL EMPLOYEES ACHIEVED RESULT ON VERY FIRST DAY OF INDEFINITE STRIKE,AT LEAST THEIR LEADER HAS DARING FOR IT.
Please resigned from unions and write your fate yourselves.Leader has no guarantee for their safety than how can provide us?
Regards.
We received one SMS at 14-00 pm today 21 April 2010 from AIBEA sourse that - The Ufbu Leaders are scheduled to meet Finance Minister today evening at 18-30 pm for effective date of pension option.
Why not they leaders gone to FM for minimum 30% wage hike demand if IBA was not agree beyond 17.5%.
And on pension issue they have decided to meet FM.
It means this BPS is only for pension option for our leaders.
Salary hike is not a major issue to take serious in comparative to pension option for them.
Shame on you ALL BANK UNION LEADERS.
This show how much u can fall for your greed only.
Definitely you are not the representative of working bank employees.
You Don't Deserve It But You All leaders Also don't have any dignity and self respect. You all are shameless.
Bullshit in your M..th
Why not we scrap the entire 9th BPS and start a fresh taking into VI th pay commission recommendations. Let us come out from ID act and function as a wing of MOF and take the benefit of VI pay commission. Our leaders are no good except getting transfers and placements to their Hench men. We have lost 30 m0nths and we do not mind waiting for another six months. Let us not accept this wholesale loot/surrender of UFBU.
bankers are doing work like donkeys...they have shouldered the responsibilities of other govt departments like collection of telephone bills,electricity bills,water bills,distribution of cash and salary at the door steps of institutions,calculation of arrears of pension,distribution of pension.etc...our executives are exploting staff at operational level in name of deposits/business...even a customer of zero balance is exploting banker in name of customer service..the employee along with branch manager has to touch his feet for bringing a satisfaction letter from him as the complaints are not being closed by the executives with out it even though the executive knows that a false complaint has been made by the customer...there are no timings ...no holidays...no family life...no staff...no required infrastructure has been provided to him for the given turn over...he is sitting on the heep of explosive ...he can not be spared even for the honest mistakes..but when the question comes of salary he is asked to keep quiet and accept the BHIKSHA given by IBA...
M.C.Agrawal
Dear Friends,
All this problem of 2nd pension option, sharing of cost for pension, etc. etc. is because of one and only one thing.
"RATE OF INTEREST HAS COME DOWN FROM 14 TO 15% IN 1996-97 TO 8% NOW."
My question is whether you can ask SEBI to give a second option to get back the original Rs. 1 lakh.
Indira Gandhi has done a great thing in Nationalization of Banks. But now I am afraid these narrow minded Unions/IBA will make PSU bank to a cooperative bank or community based bank.
UFBU met FM to day and he has reportedly agreed to pay arrears from Nov 2009 onwards. Hence the cutoff date for payment of pension will be Nov 2009 (not 1.4.2008 as demanded by UFBU not from 1.4.2010 as proposed by IBA)(this information is from informed sources)
SOURCES SAY:FM ASSURED UNION LEADERS,TODAY,DATE OF PENSION TO BE
DATE OF M.O.U (27/11/2009) A SORT OF FACE SAVING TO UNIONS.
MOST PROBABLY SETTLEMENT MAY BE
SIGNED NEXT WEEK (27/04/10).
LET US HOPE FOR THE BEST.
DK
HISTORIC HIGHEST 17.5 % RISE IN WAGES BUT LOWEST BASIC PAY FIXATION
THINK ON FOLLOWING FACTS
OLD REVISED INCREASE
BASIC BASIC TIMES
3BP 190 365 1.92
4BP 515 820 1.59
5BP 1435 2260 1.57
6BP 2860 5500 1.92
7BP 5960 9740 1.63
8BP 10500 15450 1.47
9BP 16010 22300 1.39
It appears that this time also there is disguised huge fund transfer to pension from settlement money,in addition to declared 30% contributiuon from all
(1.6 times of revised pay as on 01.11.2007)this disguised funds transfer comes to the tune of rupees 1.10 lac per employee,for stages shown above continued
CONTINUED FROM EARLIER
This time also leaders are deceiving the members as there was huge transfer to settlement money to pension fund at the time of 7th 8th bp settlement.why the leaders are boasting for highest historic
wage rise of 17.5 %Actually in real terms members are getting paltry 10 %.
Last time rise in basic pay was 1.47 times of old pay and this time it is 1.39 times that means there is disguised transfer of settlement money to the tune of 0.08 times which forms a huge huge
amount going to pension fund in disguised manner.during last to settlements also leader kept mum about this type of transfer.They have deceived the pension optees in last 3 settlements.
HENCE FORTH REMEMBER NOT TO PAY ANY LEAVY AND MEMBERSHIP FEES
pension payment will be from nov 2009 association leaders speading the message by SMS.
The court case in AP high court is against the sharing of pension burden by employees, it is not between PF and pension optees.
The writ petition filed seeks the total pension burden should by borne by the banks.
copy will be uploaded here tomorrow.
Referring RAJ 20, 2010 12:28 PM:
Dear Mr. RAJ,
I am a clerical staff member of a Nationalised Bank recruited through the then BSRB in 1992. That year I stood second in the exam, but due to distribution system of BSRBs, prevailed at that time many of top rankers pushed to nationalised banks.Otherwise if exercising of option was there, today many of us would have been in SBI enjoying CPF,GRATUITY & PENSION.No where in India I ever seen such a faulty system of distribution after selection.Many who at that time(1986-2001) got into SBI in our cadre were quite inferior to me and my friends at their level of Human Resource.
Though I am in a nationalised bank, it never means that I have a blind support for these organisations.The culture of nationalised banks are definitely inferior to SBI.But at the same time as on date the jobs in SBI are also quite inferior to GOI and other PSUs in a number of respect.Today 99% employees/officers are quite dissatisfied with their jobs in any bank.It is not only for low salary, but also for huge work load and high risk & responsibility.
The question is that how far shall SBI union be able to continue this CPF & SBI pension for new recruitees after Dt:01/04/2010?I am happy to find a satisfy and patriotic union member in you as because most of us are dissatisfied with our present union leaders.Please keep it up and be an example for others in days to come.
Regarding nationalised bank pension etc that you mentioned; you please come with proper calculation based on facts and settlement. Unless you come with these it is not possible to accept your view on comparison.
By the way how is Mr. Nadaf ? I heard that he and Mr. Mutthuswami are living out of briefcase for last one year, moving around places like nomads and enjoying an occasional meals of dal-rice or wada pav. This is a reference from SBI Officers' Association, Mumbai Circle letter Dt: 07/04/2010.
Thanks.
(Read more: paycommissionupdate.blogspot.com/2010/02/sbi-officers-want-govt-to-make-pension.)
Referring Sanjay Bhatt 21, 2010 4:43 PM:
BSNL EMPLOYEES ACHIEVED RESULT ON VERY FIRST DAY OF INDEFINITE STRIKE,AT LEAST THEIR LEADER HAS DARING FOR IT.
-----------------------------------------------------------------------------------------------
Dear Mr. Sanjay,
How many BSNL leaders do you know? V..A..N.. Namboodiri is an offspring of CITU I mean BEFI. And BEFI is very much in our UFBU and a union nothing for good.
Thanks.
MR.NADAF OUR SINCERE ADVICE IS ""you FIST RESIGN FORM THE UNION LEADERSHIP"". IT IS BETTER INTHE INTEREST OF U & UR FAMILY MEMBERS(wfe an children);
if u dnt resign form union WE WILL TEACH U A LESSON IN SILVER JUBILLE CELEBRATIONS IN CHENNAI, ( YOU USELESS FELLOW)YOU HAVE CHEATED ALL SCALE1-3 OFFICERS.
Aspe AIUBOF
"HON'BLE FINANCE MINISTER AGREES TO MAKE PENSION EFFECTIVE FROM NOVEMBER 2009"
Reffering Chandan Sir,
I have already cleared that I am not against UNIONS.
I am also not known any leader of BSNL.
Sir,Mr.Namboodiri is from BEFI or AIBE or CITU or INTUC or AIBOC or AIBOA its not matter.
I have written "AT LEAST THEIR LEADER HAS DARING FOR IT" I am and all questioning for failed LEADERSHIP.It is not failure of unions and associations because Leaders leads union than its failure of leadership.
At least Mr.Namboodiri has daring for indefinite strike for their members.Success or failure is after matters.Our leaders never show this type of willing or daring during all 9th BPS process.
Who is Mr.Namboodiri and What is his nature and etc is not important this level.at least Mr.Namboodiri has shown their daring not shown impotence like our leaders.As per your word he has shown their devil daring.
Why any unions go up to Indefinite strike level? When every hope finished for good.यदि सीधी ऊँगली से घी न निकले तो ऊँगली टेढ़ी करनी पडती है|Why our leaders always make their fingers straight ? They have any problem to do this?We can feel If our leaders also shown daring than What is picture create for 9th BPS.They simply makes all process of wage revision and pension like mockery.I know strike step is not good for us and Nation also,but Sir When questions rise about our unity,strength and Existence than We should be do What is the best for us.
Can We sport or believe impotent leaders as our leaders?
I may be wrong because I have not seen unions/leaders or unionism by near.Its all my emotions and feelings only.
If 1+1=2 is right than Why our leaders afraid ?
Leaders put our Existence in danger.
Regards & Love
___________________________________
All Friends don't pay Levy or Subscription.This is my humble request to all.
reffering chandan april 10.pm
u said "But at the same time as on date the jobs in SBI are also quite inferior to GOI and other PSUs in a number of respect." IT IS DUE TO SBI UNIONS WHICH ARE GIVING BLIND SUPPORT TO THE UFBU, IF U LOOK AT THE PAST U WILL NOTICE THAT SEVERAL TIMES WE HAVE REFUSED THE OFFER TO SAPERATE OURSELFS FROM UFBU, ONLY FOR THE SAKE OF OUR GREAT UNITY, OTHERWISE WE WOULD HAVE ENJOYED THE STATUS OF GOI AND PSUs AS ON DATE
Good Morning,
Only AIUBOF has been confirmed news of pension after UFBU meeting with FM.
No duty of other unions to inform their members at the explosive time?
I think leaders feel no need to inform members,because We are not members.They believed us their slaves only.Here some respected bloggers told about 27th meeting than We knows otherwise unions are not interested to inform to members.Even after crores of rupees collection one union Web Site has problem of Bandwidth Limit Exceeded,Is It due to not paying of rent or they have put lots of information on website.Don't try to think.Its only due to they have no information and their hands under others seat.
One senior person told me through that are you think from only amount of union subscription union can run ? Our union subscriptions total is very few What unions gets from others by others way.
Than don't pay levy and subscription.Unions has other sources for fund.
Regards.
If anyone has the details of any court case filed against pension cost sharing by existing pension optees pls share now. I am willing to fund the just cause.
one thing does not find space in comments and blogs. what is the savings to management by the way of implementation of new pension scheme for new employees from 1/4/2010. In another two years some 3 lakh members will resign and will be replaced with new staff in nps. why the cost saving on that account should be included.
our Unions were telling that NPS is worst form of pension and they become the first union to accept that.
one thing is very clear.
We the present employees are creating havoc for the future colleagues.
Dear friends, the following is the text of News letter released by an All India Federation GEn.Sec. of AIBOA which throws light on legal aspects of making pension optees to cough up money for pension fund:-
Comrades,
We are compelled to communicate to all officers that not to take cognizance of the rumours spread by certain leaders proclaiming themselves to be mass leaders of an officer’s organisation. Comrades, you all should understand that there is a leader, who claimed himself different from leaders of majority organisation and proclaimed himself as working for majority of Nationalised bank officers. The fact is otherwise.
21.4.2010 – To-day the leaders of UFBU are trying to meet Finance Minter and explain the necessity of extending pension for Retired officers retrospectively. Although IBA has already made it clear, it would not be possible. However, let us hope for some developments.
You are all aware that our National Organisation AIBOA all along suggesting “Pension optees have no obligation to pay any amount and par of recovery of Rs.1800 crores can not be imposed upon them, AIBOA has agreed for sharing a lesser cost from Pension optees to enable PF optees to get one more option in the sprit of cooperation and Trade Union sprit.”
In the meanwhile, we would like to inform you all, certain legal experts have opined on Recovery of 1800 crores under MOU of 27.11.2009.
It is not legally tenable for any union to enter into settlement with IBA with the hostile provision of calling upon the serving employees who are members of the pension fund to share the cost of the gap along with those who are to be offered one more option for pension. It would be against equity and good conscience, would not be fair and reasonable. Further, any deduction made from salary of such employees for the purpose is violative of their vested right. It would hence be open to challenge.
Organization of serving employees cannot bind the pensioners who are not their member to bear a share of the cost of gap. Besides, it would amount to offending Article 21 of the Constitution of India. No deduction can be made from the pension of the retirees except for the purpose enumerated in Regulation 48 of Pension Regulation.
In view of the above circumstances, further developments on the pension issue will be circulated in due course. We request all our comrades, not to give any importance to the rumours mongers.
Referring Sagar 22, 2010 1:22 AM:
I told, 'in a number of respect'.
What does it mean ?
Does it mean only amount of salary or perks ?
Are you and your organisation SBI free from the following vices ? Please read and think the following paragraph.
"Bankers are doing work like donkeys...they have shouldered the responsibilities of other govt departments like collection of telephone bills, electricity bills, water bills, distribution of cash and salary at the door steps of institutions, calculation of arrears of pension, distribution of pension.etc...our executives are exploiting staff at operational level in name of deposits/ business...even a customer of zero balance is exploiting banker in name of customer service..the employee along with branch manager has to touch his feet for bringing a satisfaction letter from him as the complaints are not being closed by the executives without it even though the executive knows that a false complaint has been made by the customer... there are no timings ...no holidays...no family life...no staff...no required infrastructure has been provided to him for the given turn over...he is sitting on the heap of explosive ...he can’t be spared even for the honest mistakes."
IS IT DUE TO SBI UNIONS WHICH ARE GIVING BLIND SUPPORT TO THE UFBU ?? OR FOR THE SAKE OF OUR GREAT UNITY ??
Thanks.
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