5 Days Banking : At present IBA is not in favour of this

An apprisal on the Supplementary  Minutes  of  Discussions  on  certain  issues  between  Indian  Banks’ Association and Workmen Unions dated   10th December , 2020

No. Issue raised by the Union Comments/Response of the IBA

1.  5 Days Banking : At present IBA is not in favour of this. 

2. Periodical updation of pension : IBA has agreed for   revision   in Family Pension subject     to Govt   approval,   Involves additional   cost and additional funding. Details being collected, decisions subject to Govt’s approval.

3. Revision of Ex Gratia pension to pre-1986 retirees/ their  surviving spouse :

Matter will be taken up with the Government 

4. Improvement in Group Medical Insurance Scheme and premium to be paid by bank :

Premium by banks not  acceptable Some premium subsidy may be extended

5. Bringing all pensioners  to common index point of 6352 points. Now it is at 600, 1148,

1684,   2288,   2836   and   4440 points: Detailed proposal may be submitted by the Unions 

6. Shifting DA Scheme to 2016=100 index series instead of present 1960=100 series:

Matter needs detailed study 

7. Allocation on funds for staff welfare  scheme  based on operating profits instead of net profit: Any change in the scheme can be done by the Government only.

8. Revision in Conveyance Allowance to Physically Challenged employees /  Persons with Disability  :    to be recommended to Finance Ministry 

9. Pension on last drawn pay or on average of last 10 months  -The matter will be examined

10. Full pension on retirement after 20 years as available for Govt employees :

The matter will be examined

11. Special allowance paid in North East/ Sikkim by Central/State Govt., LIC, RBI .to be extended to award staff   -Not agreed to by the Government.  

12. Special compensation for employees in North East, Jammu   and   Himachal   Pradesh like RBI/ LIC/ Govt. employees :

Unions may submit further details.

13. Guidelines on fitment and fixation of Ex Servicemen  : Already  issued by IBA to all Banks 

14. Govt guidelines on concessions to Disability(PWD) strictly followed :

All extant guidelines  being adhered to 

15. Direction to observe Business hours: necessary guidelines would be given 

16. IT Exemption of retirement benefits -Gratuity, Leave Encashment :

Not within the purview of IBA. 

17. Festival Advance increase: Individual  Banks  may  take  decision

                                                                                                        In a nutshell, We observe that all demands are #dealt_with* as follows-                                                      #Rejected /#To_be_forwarded_to_govt /#Submit_details_report*

UFBU has suggested to IBA to settle updation of pension before the start of the next settlement.

How cruel these leaders are? Unwarranted suggestion on residual issue. Not defending the updation demand, these leaders suggested to postpone updation to another two years.

Can we see such leaders anywhere else who deprive their own members of their rights?

Pensioners can no longer depend on them for negotiating  on their issues.

At the maximum they did suggest to settle updation issue before the start of next settlement!!!

Is it for this suggestion they have put it in their common charter of demands? 

How much mercy they have shown towards Pensioners' plights!!!

Pensioners can no longer depend on UFBU which blocks updation of pension for reasons best known to them.

M.Somasundaram

Bank Pensioners' Action Forum