TO
SRI Jagat Niwas Shukla
Dear Shri Bandish,
( Convenor, UFBU)
-------------------–--------
It appears from your letter dated 31.7.2018, a delegation of 9- one from each constituents- is set to meet FM tomorrow ( 3/8/18). You have mentioned 7 issues on which a detailed Memorandum is proposed to be given to FM during meeting.
This meeting is after a tense industrial relation culminating into 2 days Strike in Banking on IBA's 2% wage hike proposal- provocative of the sort- and further after lapse of 2 months of strike the resumed bipartite talks of 30th July, 2018, in which 2 was made 6%, was nothing to cheer with & that you had rejected.
We think, the meeting with FM is necessitated in the backdrop of above development. However, given a look to your 7 issues, undoubtedly, you appear to have generalised the purpose delegation and diluted the gravity of situation by including sundry & miscellaneous issues.
Wage revision is mentioned as an issue, but equally important & residual issue of Pension Revision is dropped at all. As evident in your past agitational programms, your posters, circulars, leaflets & discourses totally blacked out Pension Revision issue. Not only this, after Joint Note in Pension matter on 10th Bipartite Settlement, you had never an occasion to look back, what to say of follow up in the said matter.
Further, what do you expect of FM in so called harassment of Managers in Mudra loan. It's just to ask FM to look into cleanliness, power supply, drinking water problems at Branches. We fail as to how FM can dictate Regulatory Authority, RBI in Dena Bank issue. Your grievance in chasing NPAs is a laughable stuff as when there was loot & no action you were in comfort zone with them FM and now when the government is all serious about in combatting looters, you are seem to be worry & pointing out as if govt is not doing its bit.
We know certain issues like welfare fund, director's appointment etc are important, but at this juncture when you have an issue related to livelihood of entire workforce, which the IBA & Bankers have been trying to scuttle and puncture, we think, most important issues should be the theme of your meeting with FM. On such miscellaneous, as mentioned above or Adhar, you shall be just wasting your time & energy at the cost of your prime issues, that you can avoid and concentrate just on following two issues of banking fraternity. Please note, you are not going to address Banking or Monetary Policies, but to seek interference of FM for clinching a best deal of Wages, Pension & other service conditions. Rest of the issues are perpetual linked to operational activities, those can be taken care separately once the prime task is over.
If you can prevail upon the right course you can prevail over the right outcome. Your indifferent attitude to Pension Revision issue is definitely unbecoming of Trade Union movement. Last time you betrayed and sabotaged Pensioners by keeping them behind on false and fallacious assurances. This time again an identical approach is very much visible and your acts show them in abundance. Just by settling wages, you go only half mile. You know, you are cheating all Pension optees still in job, who pay you subscription & hefty levies, by your such acts.
Bank employees & officers need good leaders. For their wages & service conditions menu the matchless cooks are required, but you people prove to be oversmart crooks. Take care of your image and preserve the sanctity of Bank Employees Movement and it's Glorious traditions, which countless nameless, faceless people built.
Greetings,
( J. N. Shukla)
Pensioner Activist.
Allahabad
95597 48834
NB : Your silence on our communication speak better. It denotes, You accept your guilts & failures.
FOLLOWING IS COPY OF AGENDA TO BE PLACED FOR DISCUSSION DURING MEETING WITH FM
UFBU/ 2018/ Date : 31.07.2018
To General Secretaries of
Constituent Unions
AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW, NOBO
Dear Comrades,
Meeting with Finance Minister
A meeting with the Hon. Finance Minister has been arranged at 12-00 noon on
3
rd August, 2018 – Friday in Parliament House.
One representative from each Constituent will take part in the delegation of
UFBU.
Please assemble by 10-30 AM on 3rd at State Bank of India Staff
Association Office, SBI, LHO,Parliament Street, New Delhi without fail and
we shall go together from there to Parliament house.
We shall submit a memorandum on the following issues:
1. Expedite wage revision settlement – wage revision to cover all officers upto
Scale VII.
2. Take effective measures to recover bad loans.
3. Appointment of Workman/officer Directors in all Banks.
4. Allocation of Staff Welfare Funds based on Operating Profits.
5. Banks should not be compelled to issue Aadhar Cards.
6. Withdrawal of restrictions on Dena Bank
7. Stop harassment of Managers on sanction of Mudra loans.
With greetings,
Yours comradely,
UNITED FORUM OF BANK UNIONS
(AIBEA-AIBOC-NCBE-AIBOA-BEFI-INBEF-INBOC-NOBW-NOBO)
C/o. State Bank of India, LHO, Plot No.1, Sector-17A, Chandigarh - 160 017
Phone (Office) : 0172-4567142, 4567042, 2702518 Fax – 0172-2721716
Mobile – 09417032548 e-Mail – ufbu.chd@gmail.com
K K NAIR SANJEEV K. BANDLISH
Chairman Convenor
Another messaged received from another corner is also interesting . This is also submitted below
Insurance premium payable on renewal of IBA insurance scheme for the period 2018-19.
There is a message from various reliable centres that the UIC has given a demand to IBA for hiking the renewal premium payable on the above at exhorbitant rates. While for the serving class the premium is borne by the respective banks, for the retirees the entire burden is passed on to poor pensioners savings account. It originally started with attractive terms & premium amounts. Every year it gets increased substantially. The demands made by retiree associations for reimbursement of the premium being paid has not resulted in a favourable response from the bank managements.
One thing to be highlighted here is that the extension of the health insurance coverage to retirees was not out of charity shown by the IBA, but there was a specific direction to all establishments by the Government to formulate suitable health coverage schemes to seniors/aged/retirees. The serving unions who are the sole bargainers in all settlements with IBA are not concerned about the welfare of retirees. There are every chances that the same attitude would be repeated. Hence the retiree unions should immediately prevail upon the Government authorities about the injustice that is going to be imposed upon the retirees/aged senior citizens at the time of payment of renewal premium by passing on the financial burden.
Many pensioners opted for the above scheme by abandoning their other live medi policies since the same is drawn on service/retired group from the institution. Every one has to think on the above subject seriously from now onwards. The authorities have to take it as a welfare measure and not as a gesture of good will being thrown/extended. Now even the Centre/State governments have formulated mass insurance schemes by collecting low premium amounts from the public after bearing the huge difference payable to the insurance companies from the public exchequer.
Another demand letter received on WhatsApp is also posted here because it also pertains to pensioners .
ALL INDIA BANK RETIREES' FEDERATION(Regd)
D-1/1, SECTOR-C, SCHEME-71,NEAR KASARA BAZAR SCHOOL,INDORE-452009
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Ref No:2018/77 Date:30.07.2018
The OBs/ C C Members/ State Body Chiefs,A.I.B.R.F.
Dear Comrades,
Re: Demand for constitution of Consolidated Pension Fund For public sector banks.
------------------------------------
During our discussion/ interaction with IBA officials, DFS officials and other government authorities, one point emerging prominently is that due to fund constraints and present poor performance of banks, it is not possible to consider Retirees' demand of improvement in family pension, pension Updation etc. though they accept unofficially that demands raised are genuine, reasonable and overdue. They also point out that pension scheme in banking industry is fund based scheme and demands related to pension can be considered subject to availability of adequate funds.
2. We find that presently combined balances available in these pension funds are to the tune of about Rs. 1.58 lakh crores. By any standard, it is quite huge amount. It is being felt that despite availability of such huge funds, retirees’ demand remain pending and unconsidered. One reason is that these funds are not at one place and not under control of one authority. They are scattered laying in pension fund accounts of 20 and odd public sector banks.
3. This situation puts retirees in to disadvantageous position in the following manner:
(a) Scattered funds do not reflect real strength and power it actually has.
(b) They are presently controlled by several bank managements who are also responsible to implement various provisions of pension regulations for guaranteed payments. This provides enough scope for bank management to carry out several adjustments like not providing enough allocations to these funds as per the commitment and statutory requirement, investment of funds as per their priority affecting yield adversely and use them as per the corporate requirement to project profitability etc.
(c) All pension related demands are linked to allocation of funds for wage negotiation of employees.
4. In view of this in order to get better deal in pension improvement, better and true strength power of pension fund in banking industry, AIBRF and other retiree organisations should demand and work for constituting Consolidated Pension Fund under independent and professional fund manager with statutory power. This consolidated pension funds will be with corpus of nearly 1.58 lakhs crores and will probably be the largest one in the country.
It will have the following advantages for retirees:
(a It will improve yield considerably with better investment by professional fund managers.
(b) It will be completely free from influence and pressure of bank managements who have used them for their priority as happened last time in PNB.
(c) Statutory liability of banks towards pension funds as provided under pension regulations/ other laws will be calculated and demanded by the independent authority from bank managements. It will certainly improve fund corpus and thereby yield.
(d) It is seen that Actuary Report/ Due diligence being carried by bank managements on annual basis as per requirement of pension regulations get influenced due to conflict of interest affecting bank pensioners adversely presently. Such incidents can be completely eliminated with constitution of consolidated fund.
(e) All pension related demands can be considered independently.
If this becomes reality, it will be revolutionary step and the biggest reform in the pension history of India. We propose to draft and submit comprehensive memorandum to the authorities to secure support of political class, bureaucrats, unions, bank managements, IBA , and experts/ professionals. We know it is difficult and long drawn task. But if want to secure interest of pensioners in the fast changing economic environment, we have no option but to work for it. We propose to discuss this issue in the forthcoming Central Committee Meeting to take some definite view on it. In the meantime, we invite suggestions from you on the subject to prepare Discussion Paper for the meeting.
Mr. J.V. Ratnam Central Committee Member and President of Andhra Pradesh State Committee has offered his services to collect required data/ information to draft discussion paper.
With Warm Greetings,
Yours Sincerely, S.C.JAIN GENERAL SECRETARY
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Reproduced by:
Vijaya Bank Retirees'Association (Regd)
Central Office, Bangalore.
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