Demands of Pensioners AIBRF submitted its Memorandum of Demands to UFBU on 5/9/12 1. 100 per cent D.A. neutralisation to Pre-2002 retirees. 2. Pension updation on the pattern of 6th Pay Commission. 3. Uniform Medical Scheme for retirees. 4. Two percent of bank profit should be allocated for Welfare of bank retirees. 5. One more option of pension should be given to all past retirees who are originally eligible as per provisions of Pension Regulations 1995. 6. Differentiation between retirees and resignees should be removed for the purpose of pension option. 7. Establishment of proper grievance Redressal Mechanism for retirees in all banks at Corporate and Zonal Level. 8. Index based dearness rates should be granted to retirees on quarterly basis along with serving employees instead of in six monthly basis. 9. Improvement in Ex-gratia amount payable to Pre-1986 in view of steep rise in inflation. Most of these demands have been incorporated in the Charter of Demands submitted by UFBU to IBA for the 10th BPS. A Joint Memorandum signed by AIBRF, AISBPF and AIBPARC was submitted 0n 16/4/2014 to the DFS-MoF endorsing Copies to IBA,UFBU and all serving-staff unions emphasizing the core demands: 1. Revision of Pension with every revision of salary With the constant and substantial erosion in the real value of our currency, the purchase value of the pension paid on the basis of very low salary scales prevailing at the time of their retirement is hardly adequate to meet the sustenance and health care needs of the ageing pensioners of the Banks. Although the pension scheme of the Bank employees has been drawn on the lines of the Pension Scheme of the Government and specific mention made in Pension Regulations, the pension of the retired employees of the Banks are not revised on subsequent revisions of salary, as is done by the Government for its pensioners. As a result, endless distortion and discrimination is taking place. The pension of a General Manager retired 10 to 15 years back is much lower than his junior colleagues retiring during the subsequent years. Apart from this discriminatory position, the aged pensioners need to live with dignity, for which the real value of their pension needs to be protected by periodical revision just in the same way the salary scales are revised. Pension being a defered wage, pension of all the past employees of the Banks needs to be revised along with future revision of salary made every five years for the Bank employees. In different bilaterally agreed minutes there are repeated mentions that such updations will take place and the Bank Regulations do contain provisions for this purpose. The apprehension that the Banks would not be able to meet the provisioning requirements of the Banks as per AS-15 norms is not warranted. Sample study reveals that our Banks have that capacity to meet these requirements. The provisioning requirement and the actual annual out go for the payment of pension on updated salary scales can comfortably be met by the Banks. We trust that this important request will favourably be considered. (Progress: IBA has expressed its concern on cost implications) 2. FAMILY PENSION The family pension paid by the Banks is most insignificant with most of them getting it at 15% of pay. The Pension Regulations of Banks provide for the payment of family pension based on the RBI Pension Scheme. The Reserve Bank of India has since revised family pension at 30% of pay to all its family pensioners on the same basis as paid by the Government. The gross family pension of the top most official of the Banks does not exceed Rs7,000/-, which is totally inadequate in these hard days of hyper inflation. RBI has higher limit of Rs.24,495/- and minimum of Rs.9500/- as family pension.(Progress: IBA has since informed to UFBU that they are inclined to consider improvements in FP favourably) 3.100% NEUTRALIZATION OF DEARNESS RELIEF TO PRE 1-11-2002 PENSIONERS OF BANKS. The most glaring injustice done is the denial of the above improvement made to Banks’ pensioners retired on or after 1-11-2002 to the pensioners retired before 1-11-2002. All pensioners of Banks are members of the same pension scheme and belong to a class. The Retirees before 1-11-2002 get lesser quantum of compensation because 100% neutralization is not offered to them, where as the Retirees after 1-11-2002 get better compensation with 100% neutralization of D.A., with effect from 1-05-2005. This has to be extended to the surviving pensioners retired before 1-11-2002 also. The Reserve Bank of India is providing 100% neutralization of D.A to all its pensioners with effect from 1-2-2005.This unjust discrimination needs to be removed without any delay.(Progress: IBA has informed UFBU to have considered this demand and recommended to MoF for their Approval) 4. PENSION ISSUES OF STATE BANK OF INDIA The well accepted norm in all organizations viz Central Government and State Governments, Nationalized Banks etc on payment of pension at 50% of the last drawn average pay is denied to the pensioners of SBI retired as Officers in Scale II above. This discrimination in the payment of pension by SBI needs to be removed immediately. 5. Improved Medical /Hospitalization Scheme for the Retirees. At present the Banks are having different schemes with varying norms in providing the above Scheme. Inadequacy of the amounts, lack of uniformity and lack of equity needs to be addressed in providing this very important facility. We strongly appeal for a uniform medical assistance schemes including for hospitalization 6. Representation to the Pensioners’ Organizations in Bilateral Forums 7 Other Issues Option to Resignees/CRS etc
Posted on: Sun, 20 Jul 2014 12:06:37 +0000
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