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Letters From Young Employees	Letters from Senior Employees
Dear sir , Kindly share what is right and be transparent so that members have confidence in the UFBU besides pension, kindly look in to the aspect of Base Year 1960=100 for calculation of DA for employees. The consumer behavior has gone sea change during this period. Consumption Basket do not have many essentials i.e. Petrol, Potato, Cooking Gas etc. All other employees are getting their DA based on 2001=100 series whereas Bank employees are kept in Dark and they get DA on primitive base year. We are not intelligent enough in keeping the base year at 1960. This do not compensate for price rise properly and as per expert the base year should not be more than 5-10 year old. This is the reason why there is so much gap in compensation of Bank employees vis-a-vis Central Government / PSUs etc. If we would have awakened earlier the problem could have been arrested at the beginning. Our leadership has been sleeping all these years since 1988. Please take care of youngsters in Banking and they have been given peanuts in all the settlement. The settlement should not be biased towards old / retired.The compensation package prevailing currently is a gross violation of the promise made to youngsters at the time of joining the Bank. No body from the union should advise youngsters to leave the Bank for better prospects as our leaders are unable to get a decent settlement for the staff. Kindly do not call for strike for non-sense reason which are other than wage revision, regulated working hours, parity of pay /allowances across all PSBs. As regards UFBU will take care .UFBU do not have mandate for 17.50 % wage revision and if it has then put it to vote for members as is being done in Brazil ,reported by AIBEA on website. All youngsters in banking	Rayasam Govind writes : I feel that the young individual who has made the comment that their interest is sacrifised, has ignored the fact that he has born to two elderly persons, who are now his parents. If he forgets his parents, ok no one can say anything. I would like to tell him that tomorrow he will also become old and if his children do not want to take care of the present young officer, where does he stay. If we have ignored to work for the bank where we were employed, this young person who now says that his interest is ignored would not have got the job at all. Our Indian culture, say as under: MATRU DEVO BHAVA PITRU DEVO BHAVA ACHARYA DEVO BHAVA.
Dear sir The questions of youngsters remain un-answered even after the so called settlement is signed by you. This settlement is historic in the sense SBI is out of it and Pension optees are also by the side of SBI. The pension optees are being victimized in the whole issue . This position suits IBA because none of the leader represents the employees. The party to the settlement should be neutral not interested one inclined towards reducing the package and other a silent spectator. Please look in to the Banking of future. The Banking also requires talent. Please answer following. 1.Why existing Pension optees should pay incremental cost. The pension cost is no where borne by employees. 2.Why the multiplying factor is reduced for DA. 3.What is the basis for arriving at a figure of 17.50%.Is this scientifically arrived or out of the blue? Kindly answer these questions. Regards Young Bankers
THERE IS NOTHING NEW IN THE MINUTES SIGNED ON 27TH NOVEMBER, 2009 by Gangadhar Kajjari It was nothing new in the agreements which was signed on 27/11. This was agreed in earlier sitting. the funny thing I could find is signing for the the same 17.5% wage hike and sharing at 70/30 with respect to pension cost after two months. Then what UFBU has bargained for? The leaders are concerned about social security of retiring / retired employees / officers and ignoring the young officers future. the interest shown for pension has scraped the interests of thousands of middle aged bank-men. Let UFBU be clear on its stand on the young officers who should strive for the survival of the industry. Asking for the sacrifice of young men to compensate the interest of elders is welcome but at what cost? whether our elders will look at the apathy of officers who are interested to continue their career in banking. Are the days ahead are with bright future with no/low salaries. UFBU is not a union of equals as their is pay parity within. It is union of ....................... ? to safe guard the interest of ............? one among the deprived young officer !!

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