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Arun Gadgil says : “I have gone through the suggestions and they are good. For pre1-11-2002 retirees with pension the effect should be from 1.4.09For VRS pensions, effect should be from 1.4.2010 and they be given commutation now based on pension on 1.4.10. without insisting its effect from 1.11.2007. For existing employees effect should be from  1.11.2007.  The way discussions are dragged on by IBA side (as they know weakness in leadership of Unions & association of officers)So it is time for all unions & Officers organization to be united and show its real strength, which will be fruitful platform for permanent negotiations here after. A.R.Gadgil retired  BOI officer getting pension.   Whatever that takes place on 15.3.10 the settlement should take place in one breath including pension issue or else adhoc increase wef 1.4.09 be granted to all pensions to be adjusted from pension arrears upon up gradation of pension.

Ramesh Kumar says : “Why not to suggest IBA/GOVT to chalk out the strategy for the next wage revision due in Nov 2012 and start negotiations on this score also to save the manpower and save the public from inconvenience due to strike action of bankers which is inbuilt phenomenon of wage revision discussions?”

I have been seeking information about jobs in bank on the compassionate ground. I need to know that is there any provision for it in the new bank settlement for which meetings were held in november 2009. Kindly send me information about this matter as soon as possible and oblige.

Arvin

I agree with the views and detail submitted by Shri K Balasubramaniam. one more aspect which should be considered by iba is the medical facilities for bankers. A scheme should be framed on the pattern of CGHS (central government health services) or ECHS (Exservicemen contributory health services) which is a need of the hour and dependent should be considered at par which means 100% reimbursement for the dependents.

Prem Parkash Bajaj, PNB Hisar Cantt.

It seems no body is there to fight the causes of Bank officers. Even the Trade Union Leaders seems interested in their issues like placement in Director Board etc.

We the Bank Employees community will be highly obliged if you find out some right thinking politician who are capable of resolving our issues. You can independently conduct a survey of the working conditions of the Bank officers, especially public sector. Our conditions are worse than a peon in some of Govt. or public sector undertakings.

Ramakumaran. P

Salary revision in banks is now days matter of discussions, better position for those staff members who are in service can not  be in there fever since all the leaders in almost every unions whether it may be officers unions or clerical unions are retirees and they will think over only for retiree benefits and not for those, staff members who are in jobs. fist of all these all leaders must be excluded from settlement and let them decide there own for retirees on separate with govt.

TARA CHANDRA M SACHAN

What a wonderful ideas, certainly now I can save my family in draught.

LAL SALAM, LAL SALAM, LAL SALAM  to RAHAul  SINGh

NK Jain

First I and my family members will thank you for the great achievement  for the second option for pension. not only me and family members, our entire banking industries will wonder about second option for pension. comrade, one doubt. i have retired from the service (from union bank of india, chennai main branch) on 31.12.2008 . i have received an amount of rs.8.56 lacs as bank's contribution. likewise so many comrades have retired from the service and received lumpsum contributions. i will definetly opt for pension. somebody says we have to refund 156% for the pension fund. i have retired from the service just one year before. 156% is huge burden to us. aditionaly rs.4.80 lacs have to refund ? (ie totaly rs.8.56 lacs + rs.4.80 lacs = rs.13.36 lacs) kindly clarify. if so, kindly take up the mater with IBA . i will receive 14 months wage arrears also from nov 2007 to december 2008.

m.shanmugam,

Regarding 30% contribution to Pension Fund gap, the article mentions that the contribution will be from future pension optees and retired employees  who would opt for pension.   This is gross injustice as the contribution of 30% gap is not to be   recovered from those existing optees who have retired and have  returned only the banks' contribution but enjoy full pension from the date of their retirement.

Other injustice is that inspite of returning bank's contribution, the  interest thereon and further contributing for 30% gap, the retired  future optees will get their pension from some date in 2009.

The third injustice is that any of these conditions do not apply to SBI  and govt. pensioners.

What sort of 'negotiation' is going on and why should Unions & IBA  agree to such humiliating conditions for bank employees alone ?

..shekhar iyer... Mumbai.

I optees vrs in 2000 after completion of 19 year job in bank. now they denied 5 year benefit in pension . my question is than why bank give vrs to employees with less than 20 year job. sir can any ting can be done to extend this benefit to all including appeal to court and iba.

Arun Garg

It is not clear whether the employees who were on the muster rolls of the Bank in 1995/1996, but after completing 15/20 years service resigned thereafter would be covered?
If not can you guide us what remedy this class will have?

Regards
Mr. M.G.Vaidya

Sir

India is a poor country with vast forces. of unemployed and educated youth. On the other hand Indian banking industry is overburdened with unproductive loss making financing in government sponsored schemes that has to be write off periodically. This creates heavy pressure on bank’s profitability. As vast unemployed, educated young persons are available to do the job at present low salary structure (this is amply clear by huge no. of applications-36lacs appli. for sbi clerks posts).Hence no wage revision is required. Staff leaving job can be tackled very easily with opening new fields for earning income/profit. Banks shall ask for big amount as security deposit(say Rs. 1.00 Lac from clerks and Rs.2.00Lacs from officers) at the time of joining the Bank .And a bond shall be taken from new recruities that if they leave the job within 2 years they have to pay back the Bank the security amount. With economic growth and high wages offered in govt. jobs with comparatively very low work load and negligible risk and also good wages offered by pvt sector new recruitees are expected to get a better job and leave the Bank. With forfeiture of the security deposits Banks are expected to earn very handsome money and banks will get money to sink in govt. sponsored schemes.

R K  sharma

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