AIBEA ON BUDGET

[MOHAN P]

BUDGET 20250 - 2025 Very disappointing.

[Gopalakrishnan V]

Why this politically  motivated circular showing the TRUE colour of the flag? Is AIBEA a bank employee organisation or a political party.?  Is the association  not satisfied with the new incometax  slabs for the present?
Why should AIBEA  formed for the welfare of bank employees  look beyond our sphere? This is not a forum to present any  general opinion  of the budget. Let CHV speak in any other public forum as a general  citizen  leader.
Has he fared well to solve the fate and suffering  of pensioners  while in service and after retirement  for the last 25 years.?

On Mon, 3 Feb, 2025, 6:22 am MOHAN P, <moha...@gmail.com> wrote:

BUDGET 20250 - 2025 Very disappointing.

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[Chinnasamy Rajagopalan]

AIBEA is always carrying international/national agendas  and do not have time to think about the employees or pensioners

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[kushal mukhoti]

Gopalakrishnan V.

'Is AIBEA a bank employee organisation or a political party.?' I think the answer lies with your question. The answer is:

AIBEA is a bank employee organisation of a political party. 

KM. 

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[sailendra kr de]

A lot of talks held between IBA and the union representatives on updation of pension issue but no fruitful positive result has so far been received by either side.. ultimately it becomes boaring to us to continue such matter for an indefinite period.. Incompetent judges corrupt clerical staff and immoral advocate combined together made our Judiciary  lousy for which M C Singla case has not been solved and its subsequent repercussions is being noticed  for non- updation of Bank pension of the retirees.It is the irony of fate.

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[JSOMA SHEKARA]

It is very unfortunate that we have leaders like CHV. He is always preaching to the government as if he is the economic advisor of the Government. As all opposition parties are opposing the budget it is natural CHV more of a communist leader than a trade union leader is disappointed.

He was not disappointed when

1. Updation is pending for 25 years

2. 100% DA was pending for 20 years. When implemented thanks to DHC order arrears from back date not demanded.

3. Pre 2002 retirees were getting 40%  Basic pension.

4. CRS retirees were denied pension option.

5. Special pay was introduced and pensioners were denied pension on special pay.

6. Merger of DA@8088 points was not implemented.

7. Base year for DA calculation also not implemented for pre 2002 retirees.

8. Meagre Ex gratia was paid and not reviewed as agreed in BPS.

AIBEA never took up these issues seriously with IBA in BPS meetings and false answers like sub judice were accepted by  UFBU without raising objections.

Minutes also have no value.

Instead of focussing on pending problems he is involving himself in external issues not relevant to Bank employees and Pensioners.  As Bank employees and pensioners we are only concerned  about tax rebates in the budget.

For the first time almost 90% of pensioners will not be required to pay any tax unless they have income from external sources.  Employees earning salary upto 12 lakhs per year are also exempted from tax.

CHV should have welcomed this good gesture from the  government. The government has enough competence to run the government  and  advice from others is not required.

On Mon, Feb 3, 2025 at 9:46 AM Gopalakrishnan V <gopa...@gmail.com> wrote:

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[Gopalakrishnan Ramachandran]

The press release does not reflect the feelings of the members, who in general appreciate the budget for its pro active points. The press release is a normal reaction of a party which sees always red in the govt's policies and programmes. The release could have been magnanimous in appreciating the good points in the budget, though the party that backs  the union is not the one accustomed to such things!

G Ramachandran 

CB-SVRS 

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[Narayanan Kasthurirengan]

It is a routine communist party reaction and not bank employees response.  This tallest(?) leader has no desire to say a word about no tax upto 12.75 lakhs income  under new tax regime.  This same leader was  NOWHERE  to oppose vehemently the New Pension Scheme when introduced long back.  But he is NOW HERE to shed crocodile tears about the New Pension Scheme for the serving employees.  Prerequisites taxation is a prevailing burden for quite a long time.  At various points of time   unions/assns were obtaining stay order for their members exclusively though the problem is common for all.
In fact being the only non union member, I was the only fellow in my office subjected to taxation of perquisites since all others were under the umbrella of various court orders. 
Union should always work at all  times for the welfare of the whole community of workers.  But we have these strange union leaders who were bent upon punishing the second set of pension optees by forcing them to part with huge amount to join pension scheme.  The only mistake committed by them was that they were misguided by other unions who canvassed  against pension option.    I have the courage and conviction to say this since I was the lone AIBEA/SBEU (SYNDICATE BANK EMPLOYEES UNION) office bearer in the state of Tamilnadu who toured the entire state to make the members logically understand the clear benefits of pension.   Though stationed far away from Chennai, a city crowded with a galaxy of bank/industry level leaders, I was asked to address pension option meeting in the August (?) Presence of Com CHV. 
In some centres, I had the rare chance of addressing members of all unions/members of all banks.  Such was the anxiety of bank employees, a life time confusion.  At that time, many from AIBOC and BEFI ridiculed me stating that I was misguiding the members.  Later the same people expressed regrets for their misadventure.
Sorry for the long narration but the point I want to stress is once you go up the ladder either in administration or union, you should tame yourself to the level of a mother, who will never distinguish  between her children and act as a father to ensure welfare of all the children.  Communism preaches workers' welfare  but practically it has settled down for management roles.
Long live unions
K Narayanan

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[Mukund Joshi]

Shame on such persons. Iwill not call them a leader. They are nuisance.  Ignore them outrightly .

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[Suranjan Kanjilal]

CHV and other leaders of UFBU has been playing into the hands of IBA to destroy all efforts to achive the just demands of upward revision of Pension and affordable health insurance scheme for all the pensioners and family pensioners of all banks for the last 25 years . 

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[Perianayagam velu]

Chv has no right to comment the budget.did he do anything for bank retirees.he should be thrown out

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[Narendra Khutate]

Keep away such nuisance creators

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[JSOMA SHEKARA]

Agenda to convert law abiding Bank employees  to urban naxals. Among Bank employees there are graduates, Post graduates,  MBAs, software engineers and law officers. Are they not able to understand the  budget?

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[Niranjan Cn]

Somashekarji,

Are we obsessed with CHV ?  Please list two main reasons why Pension updation has not taken place so far ? alongwith reasons why so - which will be a constructive discussion/analysis.

Niranjan

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[Ramani Konnayar]

This is nothing new at all. Don't you remember the 1970's when we used to strike work even against USA in support of the political struggles in Vietnam?

Perhaps, majority of the present day workforce may not respond to such strike calls and these are not given anymore.

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[Subhash Malhotra]

Any progress on updation?

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[Ramani Konnayar]

I agree with you that it is unjust to single out a single person as the sole obstacle.

In my opinion, the main reasons are:

1. Unions are bothered more about their

present membership than the past ones

notwithstanding the contributions made by the latter. They can't be faulted for this policy.

2. The Pension Scheme under BEPR-1995 became close ended with its replacement by NPS wef 1/4/2010

and hence Unions are not much interested in making any drastic improvements in it. Also, they fear that it would eat away substantially from the future benefits of those under NPS who form the majority membership now due to stringent AS15 norms governing the Pension Funds under BEPR 1995.

Now, Unions have started demanding bringing back OPS with the hope that they will, at least, get UPS on par with

Government employees. If this hope fructifies, updation issue will be taken up vigorously by UFBU as the move would benefit their majority membership.

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[JSOMA SHEKARA]

Those employees covered under NPS joined Banks on or after 01.04.2010.  Their updation issue arises after they retire during 2040 and after. So UFBU may resolve the updation issue  by 2040.

Will it help Pre 2002 retirees.?

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[vrsivaram...@yahoo.in]

CHV is more worried about India . He is controlling all banks by not allowing them to implement the agreed settlements and indirectly making the rich people more rich by allowing the banks to write off the loans and making the retirees more poor 

On 06-Feb-2025 1:22 PM, Ramani Konnayar <knra...@gmail.com> wrote:

[Sanjay J]

Even UFBU can't think of such excuses.In tamil there is a saying "muttu kodukirathu".

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[Niranjan Cn]

Sir,

Easiest thing is to blame others more so CHV. 

Can anyone confident/assure updation if he/she made Convenor of UFBU ?

Unfortunately, right information is not shared by pensioners leaders informing the factual to members.  Pensioners under the impression that if CHV demands/FM says ‘yes’ updation takes place.

Compare our pension (in existing form with that of NPS/UPS) for better understanding of the subject 

Misinformation is creating the problem.

Niranjan

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[Shankar Nagar]

If CHV is able to stop banks to stop write off bad loans given to rich people I am ready to stop demanding for updation. CHV should understand that his present membership will be tomorrow's retirees.

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[Ramani Konnayar]

Under NPS, there will not be any updation at all, as the pension does not comprise of basic pension & dearness relief and the monthly pension which is akin to annuity payments depends on the income generated by the Pension Fund through investments. Therefore, I think, under NPS, banks will not have to infuse monies to the Pension Funds on an annual basis based on actuarial studies.

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[vrsivaram...@yahoo.in]

Sir 

   What is the work of Union leaders When the agreed settlement is not implemented by banks why the leaders are signing the settlements. Why they are going for negotiation with the management. All benifits to employees in negotiations are by way of allowances which will not benifit to  the employees at the time of retirement. News paper allowance petrol allowance coffee  allowance from these allowances whether employees will get any benifit at the time of retirement. Showing one settlement and getting the option  from employees  for pension and not implementing the settlement during wage revision, Is it fair ? Then who has to question the bank. To day the leader says that updation case is in the court and they cannot do anything in this matter . Why do they say this . They can say  clearly 🙏🙏🙏 that we have signed but we are not able to demand the banks for pension revision. Once people say that bank employees are well paid but now they are the lowest paid coolies when compared to other sector. We are ashamed to say that we are retired bank employees.

🙏🙏🙏.

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[JSOMA SHEKARA]

Before questioning govt on budget  UFBU should clarify

1. On 8th March 2024 IBA and UFBU signed minutes agreeing to resolve the Updation issue, merger of DA@8088 points. amendment to pension regulations etc.  Nowhere in minutes it was mentioned subject to pending case in SC. But in the only meeting held after 5 months IBA took U turn and said the issue i s sub judice. Why UFBU did not protest reminding IBA that it has agreed to resolve issues within 6 months. UFBU has signed the agreement of  pension option to resignees when few cases were pending.

2. UFBU is well aware that Pre 2002 pensioners were fighting for 100% DA  for 18  long  years in courts.It is surprising UFBU signed minutes  without even demanding arrears from back date.

3. A small ex gratia amount  was sanctioned with the clause that it will be reviewed   during the month of April every year. But it was not done and UFBU did not follow up the issue.

I am not saying when a  leader asks, FM will sanction.  FM said if the proposal comes from IBA  it will be considered. For IBA to submit a proposal to FM there should be strong demand from UFBU for updation and merger of DA.  As per their own circulars it is evident UFBU is meekly accepting  reasons like sub judice without protest.

On Fri, 7 Feb 2025, 09:43 Sanjay J, <sanjay...@gmail.com> wrote:

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[JSOMA SHEKARA]

As Mr. Niranjan Sir said, petitioners of Updation case are not sharing facts with pensioners. Though they have right not to share the facts,

The case is not being listed and IBA, UFBU, not ready to settle the issue citing sub judice.

Who is benefitting from continuation of the case. Pre 2002 retirees who are aged above 75 years are frustrated as neither IBA, UFBU nor petitioners are ready to find a solution.

Recently AIBPARC office bearers who are also petitioners of updation case got appointment to meet  IBA officials  to discuss updation issue. It  was reported that IBA asked AIBPARC to withdraw updation case. AIBPARC could have discussed the issue and could have agreed to withdraw the case subject IBA coming out with a proposal for updation.

But AIBPARC reported that its office bearers did not agree and  had booked return tickets so discussions could not be continued.

[Ramani Konnayar]

Why should I hold any brief for UFBU?

I have only stated what, according to my perception, could be the reasons.

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