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 Srinivasan KS writes :  (updated on 12/12/2009) : "I strongly agree with the views of our collegues. The lousy Union/Association leaders are WHITE ELEPHANTS for the entire banking Industry. They do not work and allow other staff to work. They draw fat salaries and gulp the levies squeezed from the staff "

Sachin Kolte writes :  "Do you think that whatever going on is right. I want to tell you that government employee who are non productive but they got 40 % more hike. We are not demanding so much but we must get near 30%. Senior peoples who opt for PF option that is their decision. We young people not told them that they should opt for pension or PF. They make their decision themself. So its their duty to bear whatever their profit and loss. Union leader who are older and thinking about themself. If they thinks about bank employee then why they did not disclose any agenda discussed with IBA. I want to simply propose solution for this that those who want pension option they must get wage hike between 7-10%. Those who already opt for pension they must get hike above 27%. This will make happy both young as well as old peoples."

Mr Tarsam Lal writes :   Kudos to UFBU team for finally clinching the issue of Wage Revision and Pension. The message circulated down the line was as under:

MOU signed-Wage Revision 17.5%. One more pension option to the Retirees after 1993.”

Sir, the word “Retirees” seems to be ambiguous in this message/decision. Word “Retiree” seems to cover only 2 categories of employees’ .i.e. (i) Retired on Superannuation (ii) Retired under VRS Scheme of the Banks. Whereas it should also cover those P.F optee employees who “Resigned Prematurely” after giving 3 months notice to the Bank:-

Therefore, it is suggested that when the final circular is to be drafted to be circulated commonly among all the public sector banks an utmost care should be taken that the following clause should be clearly inserted therein so that the interpretation does not differ from bank to bank and all the employees are equally covered by every bank:-

“Retrospectively after 1993, one more option of Pension will be given to all types and categories of PF Optee employees who retired on superannuation/Retired under Banks VRS Scheme/Resigned prematurely from the banks service/left the banks service on any count. In nut shell-whosever PF optee employee was present in Bank’s service in 1993 or joined after 1993 and has left the service thereafter due to any reason, will be permitted to exercise the option of Pension”.

Thus, you are requested to elaborate the term “Retiree” as described above and include the Prematurely Resigned cases and any other cases for exercising option of Pension."
 

 PURUSHOTTAMA WAGLE  writes : The 9th Settlement was spoilt by the PF optees who wanted to switch over to Pension now. When the opportunity was knocking on their doors they refused to accept it. They were lured by the thought that they would get in lakhs, earn 14% to 20% p.a on investing their amount and that the pension optees are those who cannot manage themselves not their money!. In fact I have many times encountered this argument that one should opt for pension who is too incapable of managing his money. These fence sitters when they saw that the other side is looking green wanted to jump to that side and in the process spoilt the whole show called 9th settlement.
There is no logic in the argument that those who exercised option should keep on sacrificing for the fence sitters. If someone is filing a writ it is most welcome.
By the way the AIBOC and SBI drama is noteworthy. The same persons on the AIBOC website congratulated for 17.5 % and on AISBOF website they claimed they have not signed the MOU! It proved that they are Not Always Dependable And Friendly to other bankmen cause and now they demand 27.5 % ! Where is the concept of equal Work Equal Pay gone.
In Central Government if your basic is around 22900 you get around 80000 gross as per their New Pay. Where do the Bankers Stand.? In Central Government they did not share Pension burden byeven a rupee. When the UFBU congratulates Bankemn it is like rubbing salt to wound or insult to injury. Now they may demand LEVY also for this GREAT WORK ! The Unitedly Failed Bank Unions have become Utterly Failed Bank Unions. They have turned the age old saying " united we stand, divided we fall " - upside down!
In Common Bond of 1997 the AIBOC had mentioned about the Vth Pay Commission pay and also wanted certain anamolies in the Pay Structure of Bankmen. They forgot it later. Then came the 6th CPC during the course of Bank wage negotiations. They kept silent till last couple of months when they learnt that the bench mark for them to jump was fixed at 17.5% - as they always did- they abstained but yet congratulated other Bankers ( for providing them a benchmark - a springboard - to jump from!) for that 17.5% while for themselves they demanded 27.5% !. So much for the sense of equity and justice for the leading lights of Bank officers Trade Union Movement!!!
 

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