Features of today's Meeting * Positively Final Settlement will be signed very soon. :*

========================

       *XI Bipartite Settlement*

÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷

    Meeting on 31 OCT, 2020

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Today's Meeting was very positive and healthy. Agreement on PAYSLIP Components is reached. In case of few minor components, details are being worked out.

Positively Final Settlement will be signed very soon.

Features of today's Meeting *:*

*1.*  Payslip Components  : Agreement reached.

*2.*  XI Bipartite Settlement to be signed in very near future.

*3.*  CLERICAL PAY SCALES :

*17900 - 1000/3, 1230/3, 1490/4, 1730/7, 3270/1, 1990/1, = 47920.*

*4.*  SUB STAFF PAY SCALES :

*14500 - 500/4, 615/5, 740/4, 870/3, 1000/3 = 28145*

*5.*  STAGNATION INCREMENTS : *9* with the same periodicity for both Clerks, Sub Staff.

*6.*  D. A. @ 0.07% per slab of four points over CPI of 6352.

*7.*  HRA : At present there are 3 rates as per category of centres.

Hereafter there will be the same HRA rate for all centres.

*8.*  Other heads like Spl Allowance, PQP will be increased to the extent of 16.4% for both categories of Workmen employees.

*9.*  *DA Payable on Transport (conveyance) Allowance.* This is major change from tradition.

*10.* Increase in Special 

Allowances and revision in duties and responsibilities of Allowance Carrying Posts is being worked out.

We have come so near to final signing of *XI Bipartite Settlement* ! Keep your fingers crossed.

All the Best for Festival Season.

After wage revision new DA% will be 23.8%

For Clerical and substaff following things are finalized till date.

1. Basic pay. Clerical starting from 17900 and substaff from 14500.

2. HRA will be uniform at all centres.

3. Special allowance will be 16.4%

4. DA will be paid on special and transport allowance.

5. There would be 9 stagnation increments.

After settlement DA will be 23.8 % of new basic w.e.f. 01.11.2020.

Main point finalized at today's meeting

 For Clerical and substaff following things are finalized till date.

1. Basic pay. Clerical starting from 17900 and substaff from 14500.

2. HRA will be uniform at all centres.

3. Special allowance will be 16.4%

4. DA will be paid on special and transport allowance.

5. There would be 9 stagnation increments.

Details wage revision discussion as per today's meeting

Breaking News. Wage revision update

In today's meeting with IBA, we reiterated our demand for special allowance at 20%. IBA increased offered to 17.40% . We did not accept this offer. Next meeting date will be announced soon. Detailed circular follows.

 #AIBEA NCBE NOBW INBEF.

Tomorrow meeting at 10A. M with IBA

🇦​🇮​🇧​🇪​🇦​ 🇲​🇪​🇸​🇸​🇦​🇬​🇪​

Ⓜ️28-10-2020🌐🚩

Message from:

Com. C H Venkatachalam,

GS, AIBEA

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*next round of discussions with iba by workmen unions on 31st oct. at iba office mumbai.  chv aibea*

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🔰

HR & Industrial Relations

No.HR&IR/SKK/Workmen Group/9276

October 28, 2020

Shri C.H. Venkatachalam, AIBEA

Shri Sanjeev K. Bandlish, NCBE      

Shri O P Sharma, INBEF       

Shri Upendra Kumar, NOBW

 Dear Sir,

With the approval of the Chairman of the Working Group for Workmen - Shri Rakesh Sharma, MD & CEO, IDBI Bank, it has been decided to hold a meeting of the Group at IBA Committee Room, Cuffe Parade, Mumbai at 10.00 a.m. on  31st October, 2020 (Saturday). We request you to please make it convenient to attend the meeting.

2. Please acknowledge

Yours faithfully,  

S K Kakkar

Senior Advisor (HR&IR)

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Banking is very sensitive sector N. Sitaraman

🔰

Business Line Interview with Smt. Nirmala Sitharaman, Union Finance Minister:

2020 Oct. 30.

(Excerpts)

*Banking is very sensitive sector, what is the biggest challenge in this sector now especially in terms of reforms?*

Bank employees have done hard work during the lockdown and immediately after that. If anything, I would be answering to this question beginning with big thanks to all banks particularly the public sector banks and of course equally goes to private sector because employees of all the banks have really exposed to such a difficult environment, reaching out to far flung villages, ensuring all Government schemes to be implemented in good manner and that too with speed. I can not answer any question on banking sector without beginning it with a big thanks to all of them for the way which they sat with dedication.

Today I had a meeting with newly appointed SBI Chairman Dinesh Kumar Khara. One of the questions that I asked he may or may not be directly involved into it but as a big brother among all the banks, he should be talking to IBA to short out issues related with bank employees, their pension, family pension and pensions of those who retired ling time ago, whose pension does not commensurate with the pension of equal rank. So, that is something I am putting all my energy to make sure. I am communicating with IBA. Secretary (Banking) is also working with them. I told Dinesh Khara that this is something, I am very keen, I want bank employees to be given their dues. A lot of pensioners are waiting for very long time. Yesterday I had meeting with Rajkiran Rai of IBA. I spoke to him too. We need bank employees to be attended too, particularly their families and the pension of retired employees too. Pension matter, staff welfare, these are the issues on which I am definitely concerned.

Then the question is about last year amalgamated banks. I am again looking at how the amalgamation has affected itself, how the synergy is being worked out. Of course during corona time, I could not do much. Now, I will have to sit with them and make sure everything related with amalgamation is sorted out. I am also nudging them to go to the market to raise funds. On the one hand some of the banks are going out to issue papers and getting very good result out of it, on the other side, I am also telling them to go out to shed some equity.

One other thing, which I would probably in the later part of next year, to focus would be to have some more retail participation in ownership of the banks, have public have some shares in the banks. We will have to work out modality for that. So Indian citizens, want to part of the owners of the banks, why not, the Government does already own them.

▪️

I am surprised to read this letter---These leaders are illiterate and uselss

I am surprised to read this letter. The premium is already debited then letter... Why not wrote in first week of October.
These leaders are illiterate and uselss.
Option of Single and Family floater came first time snd premium decrease for single.
When insurance co looted pensioners same premium for single and family then Great Union leaders were silent.
This scheme came in May 2015 because of this Great Union Leaders

SELFISH BANK UNION ||||||

  

 

 

Breaking News ----Wage revision

N Sitaraman interacted with IBA chairman through VC. Hope for better results on 31 oct.

Spl pay must be merge with BP other wise not sign 11 BPS

First unions/associations should focus on the merger of the special allowance with BP since they have done biggest blunders in 10th BPS and needs to speed up to merger of the special allowance with BP and it will help the in service employees and retirees... Without merger of the special allowance with BP don't sign the 11th BPS... If you don't do the justic…

 Everyone  agree with merger of spl.allowance with basic pay. But, it seems, IBA is determined enough to ensure substantial amount of increased salary in the form of spl. allowance to ensure payment of decreased pension/family pension . Can we call it as the major achievement of UFBU if spl pay not merge with BP ?

Any sensible bank employee will refuse arrears in terms of BPS where spl allowance is bereft of DA because it will result in substantial recovery .Moreover the supreme court has already given judgement that any allowance on which DA is being paid has to be treated as part of BP for the purpose of calculating gratuity pension etc. Although the banks have not implemented this but soon enough they will be forced to implement it. IBA as also bank mgmt know this. They know they cannot stall implementation of supreme court decision indefinitely therefore this time they are forcing the unions to agree to a special allowance without DA. This will be a collosal loss to members. It's sad that ordinary members cannot see this bitter truth. The interests of the members will be butchered in case the union goes ahead and agrees to spl. Allowance without DA.

Next wage revision talk with Iba on 31.10.2020

next round of discussions with iba by workmen unions on 31st oct. at iba office mumbai.

Pension Updating-Union letter to DFS

BEFI Circular Dt.27 OCt.20.....Letter To DFS.
Re... *Pension Updating*

Points...
1...Befi clearly accepted that para 2 of their Circular..That Pension Scheme has no provision for updating .
2...Although cause regarding uniformity with RBI Pension Scheme was available in draft (Clause 12) ,it was deleted in Final Document Of Pension Scheme adopted through Act passed in the Parliament . It's just an understanding having no value ..enforrceable through Court Intervention.
3... in last 3 years IBA didn't made any progress in impact study of Updating of Pension despite it was agreed in Record Note of 25.05.15

BEFI has participiated in Negotians with IBA till 22.07.20.. hence we have reasons to believe that whatever is stated by BEFI is authentic information unless any of UFBU constituents issues communication countering the statements made by BEFI as not true or mis understanding .

If there are differences within UFBU on such vital issues concerning Pension Scheme. What exactly the leaders discuss in their meetings of UFBU .
If they oppose the Stand of BEFI it will be proved that all constituents of UFBU ardcewal partners and small unions are members of UFBU fir name sake .
Further, if pension scheme is not having specific provision of Updating , unless UVA agrees for such amendment and sends proposal to DFS the question of adequacy or surplus in Pension Corpus wil not strengthen our demand based on adequacy funds .

It will definitely put additional financial burden on banks and unless proper funding arrangements are worked out the issue of pension updating will not be resolved in near future .

At least Retirees Associations are supposed to issue a circular sharing facts and ground reality instead of running after dreams .

Breaking News ---XI BPS - SUDDEN TURN OF EVENTS :

XI BPS - SUDDEN TURN OF EVENTS :

IBA has stated "However, legally speaking such Joint Notes unlike Settlements do not have any statutory force" (Point No.6 on Page No.4 of its Counter dated 21-10-2020 filed in Madurai Bench of Madras High Court).
Very candid admission, isn't it?

It is amply evident now that the Settlements done by IBA on behalf of all the Member Banks in the past have NO legal sanctity and legal enforceability.

1. All the Signatories said to represent the Member Banks have signed the Joint Notes in the past, only in their capacity as a Member of the 'Negotiating Committee' of IBA. So, all the Signatories are deemed to represent IBA only.

2. In 'Delegation of one's Authority', the Delegatee can further delegate his powers to a Third Party, as per Indian Contract Act, 1872, if and only if the first delegation allows it.

3. 'Mandate' said to have been given by the Member Banks is nothing but delegation of authority to negotiate on their behalf to finalise the wage revision with the Unions, Associations and Federations of Workmen and Officers.

4. But, it is not known if such 'Mandate' received by IBA from the Member Banks permits the Managing Committee of IBA to further appoint a 'Negotiating Committee' comprising of a small group of members chosen from among themselves, to represent the Banks who had given the Mandate. 'Implicit Delegation' is not recognised by Law.

5. Though the Members of the Negotiating Committee are drawn from different banks, they cannot be said to represent all the member banks of IBA, insofar as such Mandate has been received only from a section of the Member Banks - but not all. The fact that IBA has received mandate only from 35 member banks this time been confirmed by IBA itself, in its Counter dated 21-10-2020 submitted to Madurai Bench of Madras High Court.

6. It is now clear it is only a part of the 'Managing Committee' of IBA - not the managements of individual member banks - that is negotiating with the employees unions. We must remember that the full 'Managing Committee' of IBA, representing all Member Banks has not taken an active part in the day to day talks.

7. IBA is said to have a total number of 237 'Associate Members'. It is not revealed, of the said 237, how many are actually 'Scheduled Commercial Banks'. Whatever it is, only 35 Member Banks have given their Mandate to IBA for conducting wage negotiations on their behalf, this time. Thus, what IBA has received is only a 'Truncated Mandate' and not full mandate.

8. How does a 'Negotiator' call himself only a 'Facilitator', in order to escape from the attendant responsibilities and the consequential legal consequences?

9. How can IBA perform dual role - 'Negotiator' as well as a 'Facilitator' - simultaneously ?
Isn't it ridiculous ?
At the most, a Facilitator can also be a 'Witness' to the Agreement he has facilitated. He can never be a party to the Agreement. Cp

All bank employees have been suffering for the last 35 years

Bank employees have become a means to use only today, they have been used a lot in demonetization, opening Jan Dhan accounts and implementing government schemes, but when it comes to giving, they are only showing their thumb and are being rotated in a round round dizzy. Bank employees are also workers like government employees and come in the category of the most honest workers.

During the Corona period, all government offices remained banks for months, whose regular salary was also received. Bank employees worked continuously in the corona call without stopping, many bankers were victims of this pandemic in this corona period, yet the work of banks was not stopped, and if it is stopped, it is our salary hike agreement which is 3 Years pending for which the only and only IBA is responsible for who only knows how to mold who doesn't have to work on any formula. Can the CPC of the central government be with 2 % salary hike, even if it thinks so, it will only be called Sirfira or mindless. What was the argument of IBA behind 2 And our traitor leaders did not even know the logic of IBA on the 2 % offer of IBA so that they should be ashamed of the government and demanded to abolish it. But it smells of collusion of our traitor leaders too. Happy to get all the bonuses from Central / State Government today on Diwali but bank employees have been withholding their rights for 3 years just to get a few rupees unconstitutional Levi. For the last three years, the central government employees are getting bonuses on Diwali and the government is not able to give the bank employees their salary. Does such a government not worry about the votes of bank employees. The time of three years is very big while the government takes a lot of care of 40 lakh central government employees. The only reason is that the central government does not have a traitor leaders like banks who are just to get more Levy. Let's weave the kuchakra.

All bank employees have been suffering for the last 35 years. Now they have too much anger, they want the government to form a bank wage commission for bank employees and shut down IBA.

Bank employees will also have to think further whether to stay with these unions or not, in which all retird people are greedy for Mathdhishi and Levy recovery.

All bank employees should quit from the Union and find another possibility otherwise it is difficult to assess how much damage the selfish leaders will do to the bank employees.

Elections are going to be held in some states. Now the bank employees will have to unite and elect those who work for their betterment in the election.

Otherwise bank employees, you will be repeatedly considered as the only thing of use.

Wish hearty Greetings of Shuvo Vijay-Dashami & Dusserah

*বিজয়া দশমীর আন্তরিক প্রীতি, শুভেচ্ছা।*🙏🙏

আগামী দিনগুলি আপনার ও আপনার পরিবারের জন্য শুভ হোক এই শুভকামনা রইলো।

*असत्य पर सत्य,अधर्म पर धर्म और बुराई पर अच्छाई के विजय  पर्व विजयादशमी  को हार्दिक शुभकामनाएं ।*

*Wish hearty Greetings of Shuvo Vijay-Dashami & Dusserah to all viewers and readers

Regards

Swapan Bhattacharya

স্বপন ভট্টাচার্য

BIPARTITE SETTLEMENT - THE INSIDE STORY WITH FACTS

BIPARTITE SETTLEMENT
- THE INSIDE STORY WITH FACTS.

The following is an extract from an Email from Sri C N Prasad:

"...There are three major organisations.
AIBOC is led by an Officer, Shri Soumya Dutta and he is still in service.
Shri Bandlish is also an employee of State Bank of India and he is the General Secretary of NCBE.
These two organisations cover over 50% of Bank workforce. Among major organisations, only Com. Venkatachalam, General Secretary of AIBEA is retired.

If Workmen were to accept Special Allowance at 16.4% agreed by the working leader, Shri Soumya Dutta, Joint Note would have been signed on Sunday, without updation of pension. Please support AIBOC and working leaders.

Retired leaders were not in the picture at all. Even thereafter, we would have found fault with AIBEA only.

In 1993,
AIBEA was lead by a retiree, Com Tarakda.
AIBOC and NCBE were lead by working leaders. Working leaders formed the Joint Action Committee and campaigned against the pension scheme. But, those leaders who had retired fought for the introduction of pension giving us at least the dream of updation of pension.
Working leaders brought stay.
BEFI did not sign.
They are all favourites of present-day Bank pensioners.

Joint Note of 14.12.1999 was signed incorporating '1616-1684' issue.
This was also signed under the leadership of Com. Shantaraju, who was in service of State Bank of India and was the General Secretary, AIBOC.

A letter was written by Com. Nadaf, General Secretary, AIBOC and Com.S A Kadri, General Secretary of NCBE wrote IBA that they are refusing to sign second pension option settlement. Both were working in State Bank of India. Eventually, only retired leaders signed the agreement on 27.4.2010, giving an opportunity to many of us to write, here in this group.

In 2015,
General Council of AIBEA passed a resolution accepting the load of around 12.5%, with some improvement in pension.
But, working leader, Com. Harvinder Singh, General Secretary, AIBOC insisted on 15% load and accepted with the introduction of Special Allowance, by restricting Superannuation benefit to 2%. The actual load was around 13% only. He has clearly stated that he is more interested in giving more money in the hands of his members who were in majority at that time, than improvement in pension.

Still,
Com. Venkatachalam was called an enemy because AIBEA was willing to agree for 12.5% plus load. He became enemy of Officers and retirees. He is blamed in this group itself for the introduction of Special Allowance and also for agreeing for less when working leaders got 15% without superannuation benefits for Special Allowance.

Working leaders were ready to recover 2.8% from those who already opted for pension in 2010.
Retired leader prevented it.

In 2005,
when 100% DA neutralisation was introduced without extending the same to pre-2002 retirees, Com Shantaraju was the Convener. Com.Shantaraju was working in State Bank of India and was the Convener of UFBU at that time.

Stagnation increments for the period between 1.11.2012 and 25.5.2015 are counted for calculation for pension, notionally, only for Award Staff.
But, Officers whose organisation is led by working Officers have not got this benefit.

I am proud to support the truth and facts. I do not support false and imaginary.

Accusations, whatever made are based on assumptions and hearsay.
I am giving loads of proof, why I should support an organisation which always supported pension and pensioner.
I was wondering whom we blame, in case Com. Venkatachalam is disabled from entering into an agreement, for all our problems. He has become a whipping boy.

I am not also happy with Com. Venkatachalam, with regard to the issue of pension option to resignees. But, such reservations are only issue-based, but not motivated.

I do understand that most of you who have developed a hatred for Award Staff and leaders of Award Staff Unions, continue to hate even after retirement.

I am a part of retiree movement last 25 years, as an employee at the age of 36 years. I am sure most of you were not even pensioners. Perhaps, I have a better experience with pension-related issues, more than most of you.

I have gratitude towards AIBEA, because of which I am drawing pension today, because of which I am demanding updation of pension, because of which many retirees' organisations were born and they are demanding the right to participate in negotiation, because of which pension was secured again in 2010 to even those who did not agree with organisation's views.

When Com. Tarakda was alive, people said Com. Prabhakar and Com. Parvana were giants. Those who were a part of AIBEA should recollect how Com. Tarakda was treated in Jaipur Conference. What do we say about Com. Tarakda, now? The same practice continues.

Is it a sin to have gratitude towards AIBEA?
I am not supporting any organisation, which is acting against retirees' interest continuously.

Thanks, a Million.

With regards,

Basic Pension of staff during 01-11-1992 to 30.06.2017 see the pathetic condition of banker

We are dieing from all over. It's very painful and shameful to all Bankers.

During covid times,

Raiwalys closed.

90% central govt employees didn't work.

Now what they get as bonus during Diwali.

Raiways - Rs. 2082 crores

Central Govt - Rs. 3700 crores

Coal India - Rs. 1600 crores ....and the list goes on.

Further even private banks like Axis, HDFC, ICICI have given hikes to its employees.

We bankers worked tirelessly during demonitization, Covid19 Pandemic, all festivals and round the year.

We lost many of our colleagues, and Some Colleagues lost thier family members due COVID19,

Inspite of it we never stop to work.

We worked hard and provided loans in the name of relief like Emergency Credit Guarantee Fund GECL, PM Swanidhi, Kamgar Setu CM Street Vendor loans.

Now we have to organize Rural Camp's Gram Sambha in this Pandemic.

But what we have achieved till date??

Not a single Rupee Hike in salaries.

No pension updating.

Non removal anomaly of Special Allowance for retirees.

No 5 Day Banking,

Not a Single word of appreciation from the Central and State Government.

We are dieing from all over. It's very painful and shameful to all Bankers.

Performance Govt bank vs Pvt Bank in PM Svanidhi Scheme

Performance of Some Leading Pvt Banks in PM Svanidhi Scheme. Despite pathetically pitiable performance, Govt Failed to make Pvt Banks realize that Govt is ultimate regulator or Does It??Dictatorial orders of DMs to open Govt Banks even On holidays shows what they think of PSBs

 

. On 31 Oct we are going to complete 3 years of prolonged pain of BPS due .. Union govt no body care with us

Dear banker brothers and sisters,

The 11th Bipartite settlement is due wef 01 Nov 2017. On 31 Oct we are going to complete 3 years of prolonged pain,  insult, exploitation, and deceit by Government, IBA, UFBU and all our unions and associations. On this occasion,  I urge all the exploited bankers to jump into a social media Campaign via tweeter, Facebook and all other means on 01 Nov, congratulating the PM and FM on successfully cheating  bank employees and retirees for 3 years. Some unique #tags must be used and tagged to official tweeter handles of 

 @PM, FM, IBA, UFBU and news agencies like NDTV, Zee news,  Republic TV, etc. I hope at least 10 lakh tweets must be done on a single day 01 NOV.

🙏🙏

Let's celebrate this day as Happy Birthday BPS with #happybdBPS And #5DaysBanking.  

Copy and paste the message below on your individual tweeter accounts and tweet, retweet, in maximum numbers on 01 Nov. At least 10 lakh tweets must be made with the unique # trending. Please make this Campaign a grand success. 

Remember,  01 Nov.

The tweet:

Congratulations to @PMOIndia @FinMinIndia @UFBUIndia @iba on successful completion of 3 years of continuous pain, exploitation and deceit of bankers. #happybdayBPS #5DaysBanking. @ZeeNews @ndtvindia @aajtak

DA Increase for Banker From Nov 2020 is 43 slab Total Da 81.80%

 

Bank Pension updation. It is an industrial dispute as recognised by the central labour commissioner

Bank Pension updation.

It is an industrial  dispute as recognised by the central labour commissioner.

We observe the following points. 

Pension updation demand included  in the common  charter had been submitted. 

No discussion on this issue in any sittings seemed to be held  and 

No minutes seemed to be recorded as reason for rejection..

It is an issue of 6 lacs pensioners and the immediate  prospective pensioners in this settlement period 

If vrs is effected the number of pensioners will increase the total number in pensioners category.

For namesake.. a demand is written in a piece of paper and handed over to the other party iba

The issue has not given due attention as if it is not related to the representing UFBU as they represent working employees / officers having their own wage demands , issues and disputes  regarding their working condition.

According to UFBU They haven't initiated any  dispute over the issue 

as iba and UFBU have both decided not to discuss on it. 

Strange and peculiar observation is that

Ufbu is not demanding and not putting any proposal on it. IBA is not in need of giving any explanation on it for its rejection. 

When both have shut their mouth and not brought the issue to the Negotiating table.

Can we say that it is an industrial dispute among them?

No. It is not considered as an industrial dispute by UFBU as explicit by its silence.

But since so many cases  on updation of pension are at different stage at different courts.

It is indeed a industrial dispute between the pensioner petitioner and the defendant iba. 

It is considered by central labour commissioner as industrial dispute .

Neither IBA nor UFBU has tendered a statement that it is subjudice. 

Neither IBA nor UFBU has again announced as a reason  openly that pension fund is not enough for updation. 

Though it is stated by a union circular..

It does not come out as an official declaration by both the Negotiating parties.

If pension fund is not sufficient as unofficially floated..

Then they are at a fix. They have not given the arithmatics of their workout. 

AIBOC and other three officer organizations' first and last request to do assessment by appointing  actuaries  itself is a proof that they have not yet complied the cost factor for resolving the issue of thirty years old 

IBA  has not disclosed the paid payable figure and the total future liability involved in the Updation exercise.

When they had not yet studied the liability ..then how can they say that there will be no fund to meet the requirement?

Is not it required to furnish statement of  pension fund corpus accounts ..paid payable calculations to substantiate that pension corpus is inadequate. 

Iba the facilitator has disclosed  no figures and fund statements. 

AIBOC and its teams have no figures

AIBEA circular says like a layman that banks have no fund for updation  with out any supportive figures as in the pension corpus fund accounts

Is it recorded in the minutes that banks have funds shortage in pension corpus? 

No. Moreover it is irrelevant . They have to make provisions to fulfill their obligation for pension liability. 

When no discussion is held..then there is no conflicting interst between the parties .

There is no dispute on the issue among

 UFBU and iba. 

No questions . No answers. 

No discussion. No debate.

How long? 

From the submission of charter ie from May 2017to Oct 22nd 2020.

They should be put to task.. They have not yet taken the issue for discussion. 

Minutes of their discussions should be asked for verification by the court to order a tribunal.

The Negotiating team including IBA and all those organizations who say that there is not enough fund for updation..

should submit the evidence for their statements especially IBA and AIBEA .

Presenting wrong information to deprive the pensioners of their property  should be dealt with suitably as per the law of the country.

All of us  should come forward to wage a struggle for justice by giving moral support to the Activists. 

We should raise our voice thro social media to derive the attention of all concerned. 

6 lacs bank Pensioners' issue should not be allowed to be sidelined by iba and UFBU.

Kovilpatti Somasundaram

Bank Pensioners' Action Forum

No 11th BPS till 28 th October

I wish to inform that the matter pertaining to bipartite settlement filed by one Mr. Alex was posted before Hon' ble justice  saravanan. Mr.V. Prakash senior counsel appeared for the petitioner and conveyed his readyness for argument. Considering the matter is not  that urgent, he preferred to post before the regular court on 28/10/2020. After recording the  undertaking of the  respondents that before next hearing the settlement will not be signed, Hon'ble Justice posted the matter on or after 28/10/2020

*Forwarded as received*

Report from Allahabad and Madurai High court regarding wage revision case

From today’s developments, I observe the following points are positive and favourable to the bank staff.

1) At both the High Courts (Allahabad and Madurai), they have granted hearing only because the courts have realised a ‘prima facie’ case has been made out by the Plaintiffs.

2) IBA has already washed off its responsibility as a legitimate wage negotiator and have pleaded they are only a ‘Facilitator’.

3) Additional Solicitor General (ASG) representing Union of India abstained from today’s hearing at Allahabad HC. This shows our case is strong that has made the other parties/respondents jittery.

4) They will only attempt at buying more and more time, without making any solemn commitment to the courts. However, this drama cannot go on endlessly.

5) I do not know what kind of Affidavits the UFBU constituents have filed at both the places. If at all they have filed, the contents of such Affidavits are yet to be made known.

In the light of these points, I am hopeful that both the cases are moving in the right direction

How the privatization of banks affects the common man.

How the privatization of banks affects the common man.

The nationalization of private banks in India was a historic event. It was a struggle of the working class that could not be written down by a ruler. Behind the popularization of the banking sector, which has been dominated by the rulers and the big hands, lies the proud story of the valiant struggle of the bank employees and the masses of class conscious people.

Mass banking has decentralized the financial sector. They started working for the common man. Until then, the people had no access to the banks. What they have kept aside from their wages has become fixed deposits. The money thus collected went back to the people with educational loans and loans to small entrepreneurs and farmers.

Not only this provided the nation with a balanced healthy economy, but also the banking industry became one of India's largest employers, with opening of branches in rural areas.

Neo-liberal policies believe in dignified speculation. They make tempting offers in order to channelize people’s money into the market. Through these offers, the corporations have been gambling on trillions of dollars through unnecessary insurance schemes. The Economy has been changed so that people can invest in it by knowing that it will be a big dump, like the words which ends in Mutual Fund Investments Advertisements.

Seventy percent of the total bank deposits are from the common man. Today there are many restrictions in dealing that money. People have begun to recognize those who forbade them to eat the fruits of their labor.

Privatisation is a profit-making scheme that does not recognize the status quo of the people. They don't want to involve poor in the sector . The fact is that six thousand branches were closed and that can be seen in the parliament documents. This is equivalent to driving people out of their economic state. This is a glimpse of rejecting their hard worked earnings into banks. However if it gets into the banks after struggles it will be hit by huge charges.

Banking, which opened huge employment opportunities once, has cutshort their recruitments now, and the closures of branches signal that employees will be forced to be pulled out from the industry. Privatization of banks has its role in creating the huge unemployment ever.

#AIBEA

Are UFBU militant leaders engaged in collective bargaining or collective begging?

Following questions have been agitating the minds of every vigilant banker and they must peep into the minds of every banker:

(1) Is our wage scale on par with government employees and other similarly placed Public Sector employees? What happened to the pay-parity granted to the workmen by the Sastry Award of 1953? What is the present status of our Officers, whose pay scales were equated with that of the Govt officers under the Pillai Committee Recommendations?

(2) What made Shri Harvinder Singh, Genl. Secretary of AIBOC to say: “Dilution in our salaries vis-a-vis Government Officials has taken place over a period starting from 1982 and the gap has widened with successive settlements”. (AIBOC Circular No. 2014/08)

(3) Is there any mention in our joint charter of demands about this pay-parity with govt employee that was upheld in our favor more than 50 years ago?

(4) Don’t our leaders know that only a 35% to 40 % wage increase in the present settlement can bridge the gap and bring us on par with the government employees?

(5) What made the UFBU to quantify its demand at 30%, then climb down to 25% and also state that they are willing to reconsider (reduce) it further?

(6) Are these militant leaders engaged in collective bargaining or collective begging?

Answers to above questions clearly and undoubtedly establish that ideal system of bilateral negotiation across the table has not lived up to the expectations and aspirations of bankers and with the successive bipartite settlements position of bankers have downgraded through widening of gap in salaries on the one hand and increase in business hours, volume of work and responsibilities on the other.

We bankers are truly committed and devoted to bring bankers equal and at par with Central Government and other similarly placed public sector employees.

Who is responsible for present pathetic conditions of bankers?

One of the main reasons for this pitiable state of our salaries is the Pension Settlement of 1993 and its ineffective monitoring by the UFBU. The retired leaders of UFBU became selfish after retirement and in order to gain benefits, they colluded with Indian Banks Association and agreed illegally for something which is still harming the bank employees till date and would continue to harm in future too if not rectified. We give below the main reason behind present low salary of bank employees making their lives miserable and pathetic.

The Bank Employees Pension Regulations of 1995, only mandates the banks to contribute to the pension fund every month and also to fill up, short fall, if any, every year by making an assessment through actuarial investigations. There is absolutely no provision for filling it up from the wages and wage revision of the employees.

When that being the case, during the last three settlements, the UFBU has permitted IBA to allocate 8.25% of the wage revision (due to the employees) to fill up the shortfall in the pension fund, during the 7th BPS. At the time of 8th BPS, the employees, including the PF optees, were forced to part with 9.25% of wage revision to the pension fund. At the time of the 9th BPS, under the guise of offering one more pension option, the PF optees (numbering around 3 lakh employees)were forced to part with Rs. 1800 crores from their arrears. Against this unlawful settlement, as many as 17 different writ petitions were filed throughout the country. Now they have all been clubbed and transferred to the Supreme Court for adjudication.

Why discriminatory classification of Employees have been permitted in terms of benefits of Pension in identical and similar situation resulting into interest groups and break in our Unity?

Constituent Unions of UFBU permitted IBA to discriminate employees in identical and similar situation as a result following three groups have been created:

(1) Those who became entitled for Pension through Pension Regulation 1995 without any contribution to Pension Fund.

(2) Those who became entitled for Pension through Bipartite Settlement dated 27.04.2010 after contributing Rs. 1800 Crore in Pension Fund

(3) Those who joined banks on 01.04.2010 have been denied benefits of existing Pension Fund and have been brought under New Pension Scheme.

Can it be said with any stretch of imagination that UFBU was having any authority or locus standi to enter into settlement for those had not joined the services of the Bank at the signing of 9th Bipartite Settlement and were neither members of the constituent unions of UFBU nor they had authorized or mandated these unions to sign settlement on their behalf? These employees account for about 25% of the existing workforce and there number would continue to increase because of rapid retirement of existing employees. It is estimated that by 2015, percentage of these employees in total number of employees would be around 75%.

As the UFBU is permitting a portion of the pension cost being reduced from the wages, these new recruits, who are in no way beneficiaries of the old scheme, will be parting with a portion of their due salaries for filling up a fund which they cannot enjoy.

Why retired and tired leaders are enjoying unfettered rights to decide the fate of working employees in utter violation of constitution of unions?

Most of the leaders negotiating on behalf of bankers are retired and tired. In terms of Constitution of Unions they seized to be Ordinary Member of the Unions the day they retired from services of their banks and consequently seized to be office bearers of the Unions. They continued to enjoy the post of principal office bearer of the Unions in utter disregard of the Constitution of the Unions. They have managed to get status of special member of the Union after their retirement but in terms of the provisions made in constitution of union, the question of their becoming Special Member prior to their retirement was in respect of non-existing member as the question of becoming a special member would arise only after retirement and provisions with regard to membership made in constitution don’t permit ordinary and special membership to one person concurrently at one and same time. There becoming special member subsequent to retirement is also illegal in terms of the provisions of unions in as much as they ceased to be office bearers of the Unions immediately after their retirement and were not authorized to participate in meetings without getting status of special member through an application to the union and its approval by executive of the Union. Similarly these leaders have changed the Charter of Demands approved by the national executive of their respective unions in the name of Common Charter of Demand without approval from members. Not only this they are reducing the demands in whimsical and arbitrary manner and giving call of strike without following the procedure incorporated in the constitution of the union.

*Forwarded as received.*

Government has plans to sell 100% stake in four of the Bank of Maharashtra, Punjab and Sind Bank, and Indian Overseas Bank and uco

After these discussions, the government officials have opined that the government should not have any stake in the bank that is up for privatization.

This will make it difficult to convince the private players who are looking to invest that the government would not interfere in the board decisions.

This would instead drive away the private players, and if the government had no stake in the PSBs, more private players would be interested in buying the stakes. 

The Indian Companies Act states that a shareholder with 10% of the paid up share capital of the company will be able to ask the board and organize an extraordinary general meeting.

Also, there are other ways in which the Government may be able to assure its presence and this might result in a restricted growth of the organization. 

As we all know, the government has plans to sell of its stake in four of the Bank of Maharashtra, Punjab and Sind Bank, and Indian Overseas Bank and uco 

This is still a developing story and we will keep you informed!

supreme court order dt.13 02 2018,special pay is now basic pay and ask the bank to re-fix pension,gratuiaty,and commutation from 01 11 2012

Shall the Special Allowance paid as per 10th BPS be reckoned as Basic Pay?

There are well settled court cases confirming that all allowances that meet the following 2 criteria, shall be treated as part of Basic Pay.

(1) It must be paid 'universally' to all employees 'regularly' (unlike Bonus​, Overtime or Special Incentive)

(2) It is NOT an allowance paid for any special skill or handling any special task.

Since the existing Special Allowance meets both of these criteria and D.A. is also calculated on it and paid every month, I am confident that the courts will decide in favour of the employees (obviously, officers too). Let us pray for the positive judgement/s soon.​

As per supreme court order dt.13 02 2018,special pay is now basic pay and ask the bank to re-fix pension,gratuiaty,and commutation from 01 11 2012.Finance ministry has accpted the court order and directed the IBA to implement as early as possible.Even Honourabe Supreme court has ask the bank to calculate arrears and pay 9% interest from 01 11 2012. 

Judgement by kerla high court in case by retired employees of corporation bank is also same

For information please.

----------

V. Raghunath Sharma started this petition to Ministry of Finance and Indian Bankers Association.
I refer to the landmark judgment of the supreme court in special leave petition No 20661-20668/2012 .where in the “Supreme court upholds the definition of Pay as per Bank employees’ pension regulation 1995 for calculation of pension in the judgment pronounced on 13-02-2018 vide canara bank v/s Savitri Venugopal and others.
Among other things the court has observed the following which are relevant to the bank employees who retired after November 2012. :
1) There cannot be two pay scales 1) one for the purposes of calculation of salary and 2) the other for calculation of pension. In other words the pay taken for the calculation of salary should be reckoned for the purpose of pension also.
In case of employees retired on or after 01-11-2012 the bank had introduced a new pay called " Special Pay" which was eligible for payment of DA etc but kept it out of the preview for calculation of pension for retirees under the 10th Bipartite settlement with a clause as under
QUOTE: Special Allowance (w.e.f. 1.11.2012) With effect from 1.11.2012, officers shall be paid Special Allowance as under:
Scale I-III - 7.75% of Basic Pay + applicable Dearness Allowance thereon
Scale IV-V - 10% of Basic Pay + applicable Dearness Allowance thereon
Scale VI-VII- 11% of Basic Pay + applicable Dearness Allowance thereon
Note : The special allowance with applicable DA thereon shall not be reckoned for superannuation benefits, viz, pension including NPS, PF and Gratuity.
" The said supreme court judgment has very clearly laid down that the above system of having two pay scales one for the purpose of calculating salary and the other one for calculation of pension is illegal"
The special allowance which was “carved” out of basic pay portion and given a new nomenclature with intention to deprive the actual pension benefits of the pensioners ( with a view to manage the cost agreed upon and benefit only the existing staff) and is held as illegal by the supreme court.
The 10th bipartite settlement signed between the unions and IBA through the above said " New Allowance", which was a part of basic pay for calculation of Salary did not find a place for calculation of Pension thereby the Banks, in agreement with IBA had two separate set of calculations for Salary and Pension. Now that the Supreme court has held that " there can not be two separate calculations for salary and pension" the banks have to include the New allowance paid for salary for calculation of pension also.
The act of introducing two separate scales for calculation of salary and pension has resulted in reduction of pension payment to the retired bank employees which also resulted in recovery of pension paid to the pensioners according to the earlier settlement. Normally the revision of salary for Employees of Insurance sector is on the same patron followed in Banking industry ( as both banking and Insurance come under the same finance ministry) but strangely this injustice has been avoided in the Insurance sector wage revision.
The supreme court judgement now provides relief to the pensioners. The ministry has to instruct the Indian Banks Association to take corrective measures and calculate pension for the retirees on the basis of 10 months' ‘average emoluments’, as defined in Regulation 2(d) of the Regulations of 1995, (specified that the average of the pay drawn by the employee during the last ten months of his service in the Bank) shall be taken as “Average Emoluments”, so as to work out the pension under Regulation 35(2). This in effect would mean that the bank managements have to re-calculate pension as per Pension Regulations, 1995 and pay arrears from the date of retirement.
With this the retired Bank employees will get :
1) Refund of recovery made on illegal recovery of pension,
2) Get the basic pension re fixed at legitimate levels,
3) Get arrears on gratuity, commutation of pension etc.
This gives great relief to the retired staff who solely depend of pension and superannuation benefits for the rest of their life.

(Forwarded as received)

What is the need/utility of Indian Banks' Association (IBA) in Banking Industry

Indian Banks' Association (IBA) and its Need

(1) IBA is not a Body constituted by a Central Statute

(2) IBA is not covered under 'Right to Information' Act

(3) IBA is not amenable to judicial review

(4) IBA is only a voluntary Association of Bankers

(5) What 'locus standi' IBA can have in H.R. matters of Bank Employees?

(6) Then, why the hell IBA shall be involved in Bank Employees' Wage Negotiations?

(7) Keep IBA only as an 'Advisory Body' and nothing more than that

(8) Let Banks directly deal with Ministry of Personnel, Public Grievances & Pensions, in regard to H.R. matters concerning Bank Personnel

(9) Let Banks directly deal with Department of Financial Services (DFS), Ministry of Finance, New Delhi on Economical and Financial Matters and Reserve Bank of India (RBI) on Monetary and Regulatory issues

from Pannavalan's fb wall

Unhappy over IBA move on officers' wage revision, union plan action' programmes

 

IBA Derails the Officers’ Wage Revision... Details circular

ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC)

ALL INDIA BANK OFFICERS’ ASSOCIATION (AIBOA)

INDIAN NATIONAL BANK OFFICERS’ CONGRESS (INBOC)

NATIONAL ORGANIZATION OF BANK OFFICERS (NOBO)

Camp : Mumbai

Date: 17.10.2020

To All Affiliates of AIBOC/AIBOA/INBOC/NOBO

Dear Comrades,

IBA Derails the Officers’ Wage Revision

As you are aware that after a prolonged lapse of time due to the external environment and conditions of life, an MOU was signed on 22nd July of 2020, wherein an amount of Rs.7898 crore was allocated representing 15% hike in wages in the banking industry. Out of the total corpus, Rs. 4513 Crore was the share of officers to be distributed in various heads for the benefit of all officers.

2. We had three rounds of negotiations through video conferencing on 24th of August, 10th of September and 12th of October 2020. In the last round of discussions, we were able to narrow down the differences in the matter of allocation of this enhanced quantum in various heads of the pay slip component. Thereafter, on the advice of IBA, the representatives of the officers’ organisations reached Mumbai to commence the exercise on 15th and aimed to conclude the same within a week’s time. The progress made on 15th and 16th was in the right direction. Several key issues were clinched after protracted negotiations, which would substantially benefit officers across the country irrespective of grade/scale. Having received the concurrence of IBA to hold the signing ceremony on 18th October, 2020, formal invitations were sent to representatives of our organisations across the country. However, today abruptly without any rhyme or reason, IBA in the forenoon informed their inability to conclude and ink the joint note pertaining to officers’ wage revision w.e.f. 01.11.2017.  The lame reason cited by them was not signing the costing exercise with the Workmen Unions. We protested against this unprofessional approach of IBA and wanted intervention of top brass of IBA who were evasive. Having assessed the overall situation created by IBA, a communication was sent to them expressing our strong displeasure, on the sudden turn of events leading to the unwarranted situation.

3. In this background after the analysis of series of developments it has been decided unanimously to retaliate with agitational programmes in a phased manner. The action programmes chalked out will commence with the following forthwith:

a) Withdrawal of extra cooperation.

b) Officers should restrict to the allocated work upto 6.00 p.m. only.

c) Officers should not respond official SMS/ Whatsapp beyond 6 p.m.

d) Officers are directed not to do any official work on Sundays and holidays viz. attend webinars/ office/ participate any programme related to canvassing of third-party products/ marketing drives/ training programmes/ ‘P’ Review meetings. 

4. In view of the ensuing celebrations of festivals having national reflection, we advise all our units and members to strictly adhere to the above limited directions, preparing ourselves to plunge into intensified action programs as will be decided within the shortest possible time against the whimsical attitude exhibited by IBA.

Comrades, march on in unison to make the authorities to realise the ramifications of the situation created by their indifferent approach disrespecting the sentiments of officers’ community.

With revolutionary greetings,

Comradely yours,

                  Sd/-                                Sd/-                                       Sd/-                                         Sd/-  

(Soumya Datta)              (Nagarajan S)              (Prem Kumar Makker)                 (Viraj Tikekar)

      General Secretary

               AIBOC General Secretary

       AIBOA General Secretary

         INBOC General Secretary

          NOBO

Details updation on wage revision as on 18.10.2020

Dear Members

We reproduce hereinbelow the message from our worthy General Secretary with regard to ongoing wage settlement negotiation talks for your information:-

"We at AIBOC together with the other 3 officers' Organization planned not to attend the physical meeting with IBA yesterday as the proposal given by IBA on cost distribution was not acceptable and it would be better to have meeting through video conference in order to reach better understanding before hand so that physical meeting can finalise finer points.

Comrades, AIPNBOA stand is that IBA dictated load on Basic pay and UFBU agreed the same but now we can't allow IBA to control the distribution of balance 12.5% in other Pay slip components or create non DA paying new heads which does not benefit all officers accross the board.

Comrades, the effective date of implementation of the settlement is fixed. It is 01.11.2017. DA merger points finalised. Load on Basic Pay at 2.5% finalised. 

Now if IBA dictates balance cost distribution also to deprive future DA payable on Special allowance, it is not acceptable. If the cost is taken in other heads, it will jeopardize future settlements in terms of percentage increase to be achieved on future establishment cost as on 31.03.2022 for settlement due in 01.11.2022.

Therefore, we especially youngsters should not insist for quick settlement but should aim for better settlement even if it takes time.

Infact, it is time we should prepare to go on agitation if IBA & Govt. continues to bully in cost distribution in other heads. Agitation should be not only on wage revision issues but should include 5 day banking demand, plight of officers in PSU banks, change in labour laws adversely affecting workers, privatisation move of Govt etc etc.

Let's give the leaders free hand to decide course of action rather than creating pressure for early settlement. Take these issues to members and prepare to be more militant by keeping unity.

Can a bunch of clowns stop the BPS/Jt Note signing?

Can a bunch of clowns stop the BPS/Jt Note signing? 

******

"So, no BPS till 22nd." 😁😁😁 This is how the WE BANKERS , a small bunch of motley crowd wearing FOOLSCAPs cheat the Young Bankmen! 

The Allahabad HC has not issued any STAY order restraining  the Signing of the Settlement/Jt Note. Talks with the 4 OAs are continuing. Thereafter Meeting with Workmen Unions will resume and thereafter the Signing of  11th BPS/8th Joint Note will take place by 19th or 20th Oct. ///  Pl find the order of the Court.....NOWHERE, The COURT HAS RESTRAINED IBA OR THE GOI OR UFBU in its order dt 15/10/20 // ..

No DA for bank employees after 2027.

Look at the DA per slab agreed in last few settlements;

8th bipart.-Nov'2002- 0.18%

9th bipart.-Nov'2007- 0.15%

10th bipart.-Nov'2012- 0.10%

11th bipart.-Nov'2017- 0.07%

Future projection at this rate

12th bipart.-Nov'2022- 0.04%

13th bipart.-Nov'2027- 0.01%

That means almost no DA for bank employees after 2027. 

Now about people retiring after 2027;

About 50% of BP will be Special allowance not eligible for pension. With almost no DA on Basic pension, you can well imagine the plight of employees retiring after 2027.

This is made possible with the tireless joint efforts of Bank unions & IBA. 

Do not you feel cheated???

Talk with IBA Derailed

Message from four officers' organisations

Talks with IBA derailed. PREPARE FOR ORGANISATIONAL ACTIONS. CIRCULAR FOLLOWS. 

*AIBOC/AIBOA/ INBOC/NOBO.*

Wage revision latest update 17.10.2020

Unconfirmed News:

IBA’s Talks with the Officers Organisations, it is said,will resume tomorrow too. Only by the coming Sunday, the final shape of the ‘Joint Note’ is expected to be ready.

Joint Note in respect of the Officers is expected to be signed on 19-10-2020 (Monday).

In the meantime, we may also know the outcome of the negotiations between IBA and Award Staff Associations.

Note:

I think because of new Chairman of IBA taking charge today, signing of the Settlement might have been delayed.

Breaking news regarding wage revision just now

In today's meeting with IBA, we reiterated our demand for special allowance at 20%. IBA offered 16.4% as agreed by officers associations. We did not accept this offer. Detailed circular follows.

 #AIBEA NCBE NOBW INBEF.

ANOTHER BOMB YET TO EXPLODE IN BANKING INDUSTRY

Another bomb yet to explode is #PMMY. The increase in NPA in PMMY from Rs 7,277 Cr in Mar18 to Rs 16,481 Cr in Mar19 shows an Annual growth of 126%. The level of NPA under the PMMY since its inception up until Mar18 stands at 5.38% vis-à-vis overall NPA level of more than 9%.

Hearty Congratulations Shri Rajkiran Rai G on becaoming Chairman of IBA