Bank retirees are aware of all the facts regarding pension negotiations,which are on record so far.
Indian Banks Association (IBA) had long back filed an affidavit before the Supreme Court stating that it would neither be appropriate nor possible for the Banks to consider the request of the bank retirees for Updation of Pension.
IBA has also publicly informed that the matter of pension updation of Banks is sub-judice in Hon’ble Supreme Court of India.So IBA is in no position to consider revision of pension.
It is also pertinent to note that in the recent AIBEA circular it is mentioned that
" Regarding pension updation,IBA explained the cost implications of the same,but they are trying to work out some possible solution to improve the pension of all retirees up to 31/10/2022"
we don't know what "improvement"means,which is certainly not pension updation.Upgrading all pension at 8088 points will not construe as an improvement.
The biggest surprise so far is that UFBU, which is authorised to negotiate wage settlement on behalf of bankmen is "inviting suggestions from the members regarding pension updation for retirees."This appears to be a somersault from UFBU.More importantly UFBU is not at all talking about pension updation on RBI line.UFBU is in no mood to talk about revision of pension 'head on' with IBA even now.IBA/UFBU team is trying its best to hoodwink our innocent bankmen.
From the above happenings,it is crystal clear that pension updation will not materialise through the Bipartite mechanism. The only hope and solace for the bank retirees at present is Supreme court,which can deliver the appropriate justice(with some delay),which we are all longing for.
1 comment:
Just one stay order for bipartite settlement because pension updation in RBI lines in other banks is not implemented in each settlement would have fetched the result. Implementation of S 35(1) is violation of fundamental rights of pensioners. But retirees unions are reluctant. Let the stay get vacated in due course, but the impact on bipartite settlement would have been severe enough to working unions, which are obstacles in Implementation of pension updation
Post a Comment