IF YOUR BASIC PAY 31540 AFTER BIPARTITE YOUR BASIC WILL BE 47000 AND GROSS WILL BE MORE THAN 1 LAKH SAY AIBEA GEN SEC CHV

AIBOC sounds the War Bugle against AIBEA instead of against IBA////

At the Ernakulam & Kanpur Meetings(Felicitation to the retiring Office Bearers of CBEU), the Gen.Secy of AIBEA Com CHV made it clear that "given the prevailing political climate and the existential crisis being suffered by the PSBs, boycotting the 11th BPS Negotiations is suicidal and an act of dereliction of duty!

Financial implications on account of 10% Increase , in absolute Terms is more than R5600Cr well above the 10th BPS/s Rs4000Cr+. Still, there is a hope for further improvement over 10% . In addition to this 5% PLP (Performance Linked Pay) is also offered by IBA."

This information appeared in the Hindi NewsPaper Kanpur-Jagran (10th) .

Today, AIBOC and its Leaders of Bank-wise affiliates have openly appealed to the Cadres and Members of AIBEA to REVOLT against Com CHV. Inciting the common Members of a fellow TU and that too brazenly interfering with the Workmen Union is a heinous crime and totally unwarranted and avoidable!

Remember, boycott serves no purpose and it enables the Gov't to impose unilateral Wage revision which will end the Time-tested and hard-earned Right of Bipartite Settlements.

Without Bipartite Mechanism, One More Option would not have been achieved in 2009-10.

Without BPS, Protection of Service Conditions will be a mirage!

The Long Pending Issues of Pensioners will be the FIRST CASUALTY!

Same AIBOC played havoc in 1993 by misleading Lakhs of Officers to reject Pension.

Again, in 2009, then GS of AIBOC Mr Nadalf played the BLACKMAIL game threatening IBA not to sign the MOU for One More Option on 27/11/2009.

Those who suffered without Pension KNOW better how historically AIBOC played havoc with the interest of the Bankmen! ///

An example to illustrate the Increase....

A Spl. Asst. with a basic pay of Rs31540/ will get revised Basic Pay of above Rs47000/ and his Gross Pay is likely to exceed Rs1Lac if he is working in Cities like Chennai. He will get a commutation lump-sum of Rs18Lacs (from the present Rs12Lacs). This increase of Rs.6 Lacs and Increase in Gratuity are not reckoned for the 10% . Hence, actual Increase in terms of SEEN & UNSEEN on Pay-Slip components will be much more than the 10% offered which may be increased to 12%+ (If PLP 5% is taken into account then the Gross Pay will still go higher!).

Most of the Members of this Forum were once members of AIBEA. I hope that we would not have received our assured monthly Pension but for its HISTORICAL decision on 29/10/1993 to sign the Pension Settlement when all other Unions (except AIBOA) OPPOSED the DA-Linked Central Pension Scheme!

After 25years, History is repeating with the same DIVIDE & DENY BLACKMAIL Game being played by the same Anti-Pension AIBOC!

Let the Bank Pensioners not fall prey to the FALSE, MALICIOUS AND SELF-DESTRUCTING WAR CRY OF THE STOOGES AND TIME-SERVERs!

AIBEA IS THE ONLY HOPE FOR THE DEPRIVED PENSIONERS.

IF WE DO NOT STANDBY IT AND SUPPORT IT IN THE CRUCIAL HOUR OF NEED, WE WILL BE FAILING IN OUR DUTY AND HISTORY WILL NEVER FORGIVE US !