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
2 comments:
You should go to court only updation can be achieved. Nothing can be gained through social media. Now truth is coming out. UnTill ufbu leaders put behind bars for cheating bankers. Nothing can be achieved. Day will come when ufbu leaders will also say like IBA we are also mediators. Between banks and employees. Hum to retire ho chuke h.
Well.the simple thing is that acturies should be given the task of calculations of load factor regarding updation of pension.why ufbu or iba are making excuse to deprive the updation to the retirees. As by introducing spl.allow they have already hit hard to the pensioners. Not a single deptt.is having this kind of provision.lic is a financial institution.three also mo provision of such kind. If you talk in terms of profitability.pension funds in banks are robust.so just to collect levies and be in hand and gloves with iba is illegal.courts are bound to protect the rights of sr. Citizens.so intervention by courts is quite justifiable. Plea by unions that they are majority union is against natural justice.
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