To Know The Impact Of Xth Bipartite Settlement on
Payment Of Pension , Please click On link given below.
And If you have any suggestion or you find any mistake in it
please point out the same in the interest of all bank staff.
I however appreciate the good work done
by Sri Pannavalan.
Click here To Know Impact of Wage Revision On Pension
All India Bank Retirees Federation has addressed a letter to Chairman,IBA vide Ref: 2015/187,on 21.05.15,which is self explanatory.The copy of the same is furnished here under for information of all.
Shri T.M.Bhasin
Chairman
Indian Bank Association (IBA )...
Mumbai
Shri T.M.Bhasin
Chairman
Indian Bank Association (IBA )...
Mumbai
Dear Sir
Re: Delegation of AIBRF
We have come to know that IBA is going to sign wage settlement with bank unions on 25th May 2015 at Mumbai.
2.Further we have come to know that IBA is not sanctioning and including any of the demands of past retirees in the settlement to be signed on 25th with unions. It is also surprising to learn that total pension of those retired after 1-11-2012 will get reduced in absolute term after signing the settlement affecting them adversely. Further this settlement has been finalised without taking our organisation in to confidence.
3. In view of this position, settlement to be signed is not acceptable to us and we have decided to observe 25th May ,2015 as PROTEST DAY. We shall hold demonstration at Azad Maiden, Mumbai on this day between 10.30 AM to 12.30 PM where we expect large number of retirees to participate in it.
4. We wish to submit Memorandum highlighting our issues in delegation for your consideration and appropriate action. We shall be thankful to you if you will give time to our delegation to meet you and handover the memorandum.
Thanking you
Yours Sincerely
Sd/- sd/-
( S.M.DESHPANDE) ( S.C.JAIN)
PRESIDENT GENERAL SECRETARY
Re: Delegation of AIBRF
We have come to know that IBA is going to sign wage settlement with bank unions on 25th May 2015 at Mumbai.
2.Further we have come to know that IBA is not sanctioning and including any of the demands of past retirees in the settlement to be signed on 25th with unions. It is also surprising to learn that total pension of those retired after 1-11-2012 will get reduced in absolute term after signing the settlement affecting them adversely. Further this settlement has been finalised without taking our organisation in to confidence.
3. In view of this position, settlement to be signed is not acceptable to us and we have decided to observe 25th May ,2015 as PROTEST DAY. We shall hold demonstration at Azad Maiden, Mumbai on this day between 10.30 AM to 12.30 PM where we expect large number of retirees to participate in it.
4. We wish to submit Memorandum highlighting our issues in delegation for your consideration and appropriate action. We shall be thankful to you if you will give time to our delegation to meet you and handover the memorandum.
Thanking you
Yours Sincerely
Sd/- sd/-
( S.M.DESHPANDE) ( S.C.JAIN)
PRESIDENT GENERAL SECRETARY
PENSIONERS TO LOOSE UNDER 10TH BPS! ( Contributed By a Pensioner on Facebook )
Dear Friends,
Once the 10th BPS is signed on 25th May ,let us examine what would be the impact to a Pensioner retiring under 10th BPS period?
Normally in any wage revision there will have increase in wages of employees in settlement as well as to pensioners.Since only 2% increase is only effected under Basic Pay this time by IBA, in 10th BPS, pensioners tho...se who retire w.e.f 1.11.2012 will have reduced pension while compared to 9th BPS.
Dear Friends,
Once the 10th BPS is signed on 25th May ,let us examine what would be the impact to a Pensioner retiring under 10th BPS period?
Normally in any wage revision there will have increase in wages of employees in settlement as well as to pensioners.Since only 2% increase is only effected under Basic Pay this time by IBA, in 10th BPS, pensioners tho...se who retire w.e.f 1.11.2012 will have reduced pension while compared to 9th BPS.
The following illustration will give a broad idea on this negative impact under 10th BPS:
Nov-12 Nov-12 Shortfall
9th BPS 10th BPS
B.PAY 20100 32850
B Pension 10050 16425
DA 76.50% 7688.25 10.90% 1790.32
Total 17738.25 18215.32
Less 1/3 3350 5475
Net Pens 14388.25 12740.32 -1647.93
May-15 May-15 Shortfall
9th BPS 10th BPS
B.PAY 20100 32850
B Pension 10050 16425
DA 110.70% 11125.35 33.70% 5535.22
Total 21175.35 21960.22
Less 1/3 3350 5475
Net Pens 17825.35 16485.22 -1340.13
The very concept of pension updation is corresponding increase in pension in latest wage revision and where as under 10th BPS the impact of wage revision to pensioners is negative as illustrated above!.
Out of 15% increase if a major portion is added(instead of present 2%) to Basic pay,the present situation would not have been there for pensioners/employees .
Apart from injustice done to already retired persons without resolving their demands /issues by IBA under 10th BPS ,the negative impact will be affected to those who retire in future too!
Errors can be rectified(if one wish) but what about manipulations? That too against the senior and super senior citizens who built up the present day Banking system in our country!
It is right time for retirees to join together and continue the fight against the mighty forces behind these denial of genuine demands of retirees.Let it be GOI/MOF/IBA.Consistent efforts will yield results.
Retirees are in action mode and the same is reflected in good number of letters sent to DFS as per directions of AIBRF.
Nov-12 Nov-12 Shortfall
9th BPS 10th BPS
B.PAY 20100 32850
B Pension 10050 16425
DA 76.50% 7688.25 10.90% 1790.32
Total 17738.25 18215.32
Less 1/3 3350 5475
Net Pens 14388.25 12740.32 -1647.93
May-15 May-15 Shortfall
9th BPS 10th BPS
B.PAY 20100 32850
B Pension 10050 16425
DA 110.70% 11125.35 33.70% 5535.22
Total 21175.35 21960.22
Less 1/3 3350 5475
Net Pens 17825.35 16485.22 -1340.13
The very concept of pension updation is corresponding increase in pension in latest wage revision and where as under 10th BPS the impact of wage revision to pensioners is negative as illustrated above!.
Out of 15% increase if a major portion is added(instead of present 2%) to Basic pay,the present situation would not have been there for pensioners/employees .
Apart from injustice done to already retired persons without resolving their demands /issues by IBA under 10th BPS ,the negative impact will be affected to those who retire in future too!
Errors can be rectified(if one wish) but what about manipulations? That too against the senior and super senior citizens who built up the present day Banking system in our country!
It is right time for retirees to join together and continue the fight against the mighty forces behind these denial of genuine demands of retirees.Let it be GOI/MOF/IBA.Consistent efforts will yield results.
Retirees are in action mode and the same is reflected in good number of letters sent to DFS as per directions of AIBRF.
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