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Sunday, June 16, 2019

it is a mystery as to why AIBEA is against the updating of pension

It's a forward I received but thought provoking.
Friends,
I am sorry to say that Mr Venktachalam , the general secretary of AIBEA has been continuously mischieviously pleading the lame excuses of banks and IBA that the banks have no funds to consider updating of pension and family pension.
We are in a fix to decide whether Venktachalam is the general secretary of giant trade union like AIBEA having a historical background or is a broker of IBA. He must understand that payment of pension and its updating is statutory obligation of the banks and it cannot be linked with profitabity or affordability. The pension regulation nowhere speaks of any condition of affordability and as such IBA and AIBEA are committing a sinful act. There is no such pension scheme in any sector of employment which restricts updation. If at all, it requires, the insertion of such updation clause can be ensured through a joint note as was done for second option for pension. Moreover, without updating clause, the pension regulation is an incomplete document and it is the responsibility of AIBEA and AIBOC to complete it.
Mr Venktachalam is playing in the hands of IBA and banks, obviously due to his vested interest. Moreover, it is also a mystery as to why AIBEA is against the updating of pension when the fact is that it enjoys the credibility of introducing pension scheme in banking industry. Mr Venktachslam is held responsible for earning a bad name for AIBEA and will always be remembered as villain by the retirees. Even the employees who will be retired in the near future will also be a victim of the heinous act of Mr Venktachalam .
While concluding, I would like to call upon Mr Venktachalam to obtain the detail of Pension Fund Trust of all banks and issue a white document on *so called non affordability*
I
This man is awesome...
Nothing to do with the Bankers plight and Salary increase..
Busy with his own business and political agenda...
God save Bankers...
How CHV is laughing...
Perhaps huge amount in SB a/c....

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7 comments:

Unknown said...

He is most concerned with all other things than our settlement and pension updation.

Anonymous said...

Why they don't go for indefinite strike
Every thing will be settled
With no time

Unknown said...

We have to go for indefinite strike then it will settled

Unknown said...

AIBOC should take up the cause of updation of officers' pension alongwith their wage revision , if AIBEA moves solo for 11th BPS of only Workman staff.

Unknown said...

CHV being retired should not represent AIEBA. IBA should ask AIBEA to select new person. He has already done great injustice to retirees and he should not allowed to continue and represent AIBEA and should unite in this regard.

Unknown said...

As majority of the retirees have lost confidence in Mr. Venkachalam, he

should resign from the post. Alternatively we should launch a campaign to remove him.

Unknown said...

Better Mr Venkatachalam be excluded from wage and pension updation matters
with the facts known.

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