Meeting With IBA

*ALL INDIA BANK RETIREES ACTION FORUM (AIBRAF)*

*Forum News*

*A two members delegation of AIBRAF consisting Dr Indrajit Sanyal, Head of Action Committee and Dr R Saxena, Member Action Committee met Mr S K Kakkar, Sr Advisor IBA on 4th September at IBA headquarters and submitted memorandum demanding inclusion of Retirees issues in 11th BPS talks which is inconclusive even after 8 rounds of talk.*

Mr Kakkar heard with patience and showed concerns. During one hour deliberations Dr Sanyal and Dr Saxena jointly placed our demands and exchanged their views at full length. They also mentioned that for redressal of long pending demands of retirees, a massive rally was organised by AIBRAF on 24th Aug, 2018 AT JANTAR MANTAR, New Delhi in which 500+ retirees from all corners of India were present and more than 306 individual memoranda raising demands directly addressed to PM, collected there at also been submitted to PMO by Mr Jugal Kishore Julka and Mr Arvind Kr Sinha, members Action Committee of AIBRAF on behalf of Retirees.
OUR UNITY ZINDABAD

In IBA Office Mumbai with shri S.K.Kakkar Sr.Adviser IBA

 
ALL INDIA BANK RETIREES ACTION FORUM
V-647, ARVIND NAGAR, GHONDA, DELHI- 110053.
8L/129, BAHADURPUR HOUSING COLONY, PATNA-800026.
MOB: 91-9820732284, 9504721633, 7903207172 Email: aibr.action.forum@gmail.com

Sri Sunil Mehta

Chairman, Indian Banks' Association
World Trade Centre, 6 th floor, Centre 1 Building,
World Trade Centre Complex, Cuff Parade Mumbai-400005

Respected sir,
Date. 3 rd September 2018

Updating of pension of retired Bank employees and officers in terms of Bank Employees' Pension Regulation 1995, payment of enhanced gratuity& DHS-IBA Health Insurance Scheme.

We congratulate you for joining as IBA Chairman. Since 11 th bi-partite settlement talks are yet to be concluded, we wish to mention below some of the areas that require your kind consideration:

1. Re-fixation of basic pension of bank retirees' since inception of Bank Pension Scheme 1995 along with every bipartite settlement till date has not been done. But periodical settlement of pension by re-fixing the basic pension and periodical settlement of basic pay of working class by re-fixing are inseparable. Pension funds are created by contributions from superannuation benefits of retired bank employees and officers and additional financial load on pension fund  incident upon the re-fixation of basic pay in periodical wage settlement can certainly be looked into.

Government of India has increased the pension amount of all categories of government employees by a multiplication factor of 2.57 w.e.f 1 st January 2016. Enhancement of all family pensions to 30% in line with Central Govt. pension regulation.

2. Consider payment of revised gratuity up to Rs.20.0 lakhs w.e.f January 2016 as per directives of Delhi High Court to reconsider the issue vide WP(C) 6423/2018 dated 1 June 2018.

3. The insurance premium of existing IBA Mediclaim policy for cashless hospitalization is about Rs.17, 000/- for sum assured Rs.4.0 lakhs and for domiciliary treatment it is about Rs34,000/-. Next year steep rise in the premium amount is proposed. Many of the senior retirees are getting the monthly pension amount less than the existing premium and interest earning of retirees has come down by about 250 bps. Therefore, proposed hike in health insurance premium should be rejected and existing insurance premium be retained.

4 Special pay in pension calculation for bank retirees w.e.f 1 st November 2012, omitted in X th bipartite settlements as per sub para 6 ofjoint note dated 25 th May 2015 be re-considered.
We request your good offices to consider the issues. You may invite us for negotiation of issues of the bank retirees and we assure best of our participation. A copy of the letter is also sent to UFBU.

With respect and regards.

Dr. I. anyal ember, Action Committee)
Dr. R. K. Saxena (Member, Action Committee)



PS : Jharkhand gramin Bank preferred appeal in the case of Ashok Kumar Prasad. Hearing date is 7th September before the Dy  Chief Labour Commissioner (central) Dhanbad.



PENSION UPDATION CASE IN SC-FILED BY SHRI M C SINGLA

ALL the five major apex bodies of bank retirees should join the above suit immediately.

The verdict is case no 5525/12 by the SC in favour of retirees , running to 28 pages contains several tools to be put forth by our outfits.For the benefit of those who have not yet read the verdict, I can send a copy on receipt of your mail ID.Please read it fully, apprise your organization to join the case without  wasting time.Remember, it is not that easy to get a case taken to the SC.We should discount the time factor available in this case.

Cpvnair.nair@gmail.com