Note Is A Bundle of Lies And Half Truths
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a copy of the Press Release in my email. I was shocked to read the Press
Release issued by Mr Harvinder Singh, General Secretary, AIBOC. It is nothing
but far from truth, and does not reflect the truth behind the signed documents.
first give below what does Press Note dated 25th May says :
The 10th Bipartite Settlement signed today would benefit more
than 8 lacs employees of Public Sector Banks and Private Sector Banks.
The agreement signed between the IBA and Trade Union Organisations of
Banking Industry would be effective from 01.11.2012, giving rise of 15%
on Pay Slip Components. The major gains apart from this are in the form
of getting two Saturdays off in a month and Medical Insurance Cover to
the employees, including the retirees. Com. Harvinder Singh, the General
Secretary, of All India Banks Officers’ Confederation (AIBOC) said that
the settlement can be termed as satisfactory under the present scenario.
Since AIBOC expressed its dissatisfaction on non settlement of
retirees’ issues viz. DA neutralization, pension updation and revision
in family pension, IBA incorporated the issues in the Record Note and
assured to resolve the issues at the earliest.
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What Does Press Note Says
major gains apart from this are in the form of getting two Saturdays off
in a month and Medical Insurance Cover to the employees, including the
knows from which date will second and fourth Saturdays will be off.
Joint Note merely says that changes will be effective after approval of
RBI and notification of change issued by the GoI. There is no surety
that it will be approved by GoI.
Merely a month
back, Mr Singh in a circular dated 18/4/2015 has boasted as follows :
also made it very clear in the UFBU meeting that we will NOT SIGN any
agreement till the time the second and fourth Saturday off in the
Banking Industry is ensured or a firm commitment is signed by IBA in
this regard giving a time line for its implementation”
Where is the firm
commitment or a time line given by IBA? Where is the militancy shown by
GS of AIBOC merely a month back? As we have written
earlier, it is only a recommendation which may or may not be accepted or
may be kept on pending for months / years. Thus, AIBOC has no moral
authority to declare at this stage that they have already got two
Saturdays off. This should be part of the Press Release only when it
It is also only half
truth that Medical Insurance cover has been made available to
The scheme is still to finally approved and IBA has clearly mentioned
that it can be extended to retirees subject to condition that the cost
of the insurance premium will be paid by the retired bankers. Why
AIBOC is trying to show it as achievement when the whole cost will be
paid by the retired bankers.
AIBOC expressed its dissatisfaction on non settlement of retirees’
issues viz. DA neutralization, pension updation and revision in family
pension, IBA incorporated the issues in the Record Note and assured to
resolve the issues at the earliest.
This part of the Press
Note is also a pure lie.
Record Note signed by UFBU and IBA, which gives the details as to why
IBA is not finalizing the issues relating to retired bankers,
nowhere says that it will either agree
to any of the issues or resolve the same at the earliest.
Record Note clearly says IBA has found the same unaffordable at present
but will examine the feasibility of these issues at a future date.
This type of Press Notes gives a false propaganda in the eyes of the public that
bankers have got an excellent Wage revision, wherein even the retired bankers
have got lot of benefits. The actual truth is that it is the worst BPS
in last 30 years, since I have witnessed the same, and retirees have been
totally dumped and the bankers going to retire soon will get lesser pension than
bankers who had retired before this 10thBPS has been made applicable.
It is really shameful that first they cheated the serving bankers and then
dumped the retired bankers, and now they are telling lies and half truths to the
Press, which will tomorrow be blow up by newspapers and public will feel
jealous for the wage rise in banks. This type of propaganda has hurt the
bankers in the past also. This
must be withdrawn by AIBOC. All readers who have email addresses of the
newspapers and other media houses must forward this article to all those so that
AIBOC is exposed for telling lies and half truths to the public.
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