BMS MEET HON.FM ON ISSUES OF BANK RETIREES
mohan p
भारतीय मजदूर संघ
BHARATIYA MAZDOOR SANGH
Datopant Thengadi Bhawan, 27, Deendayal Upadhyay Marg, New Delhi-110002
Is-011 23222654 Fax: 91-11-23212648 Website: www.bms.org.in E-mail: bm...@gmail.com
Ref-BMS/C-2/171/2023
Dated-27.07.2023
BMS CENTRAL LEADERSHIP MET FINANCE MINISTER ON IMPORTANT ISSUES OF BANKMEN PENDING SINCE LONG:
A Central Delegation of Bharatiya Mazdoor Sangh, led by All India President Shri H.J. Pandya, Sri Girish Arya, All India Secretary & In-charge of Financial Sector met the Finance Minister Smt. Nirmala Sitharaman at her office on 27.7.2023 at 4.30 pm. S/Sri Mutiyalu, V.V. Raghav and Kondalrao also accompanied the Delegation. The meeting lasted till 5.15 pm.
The purpose of the meeting of the Delegation was to attract the attention of the Hon'ble Finance Minister towards the burning issues of the Bank Employees and to request their early resolution. On this occasion, the Delegation handed over the memorandum bearing No. BMS/C-2/168/2023 dated 27.7.2023 to the Hon'ble Finance Minister, in which the burning issues have been raised point-wise, which were discussed in details.
1. PENSION UPDATION:
In the matter of Pension Revision up to 31.10.2017 on RBI line and 100% DA to pre- November, 2002 Pensioners, the Delegation told the Hon'ble Finance Minister that Pension in Banking came after Pension Settlement in RBI in 1990. On 29.10.1993 an agreement was signed between IBA and bank unions.
To explain the uniformity of Pension of RBI and other Banks, the Delegation informed the Hon'ble Finance Minister that while in RBI Pension is given in lieu of PF contribution, in other Banks also it is in lieu of CPF. Pension in RBI came into effect from 1.1.1986, so did the same in the case of other Banks. The basic condition of Pension was to revise the Pension with every Pay Revision. The 5th Bipartite Settlement was done along with Pension Settlement of 29.10.1993, which was effective from 1.11.1987, so the Pension in RBI as well as other Banks was updated up to 31.10.1987.
Now, the Government has updated the Pension of RBI and NABARD Pensioners up to 31.10.2017. Therefore, in compliance with the Pension Agreement dated 29.10.1993, the same should be done in the case of other Banks also.
3. PENSION OPTIONS FOR RESIGNEES AND OTHERS, IF ANY,
The delegation apprised the Hon'ble Finance Minister that there are a handful of Resignees who were not given the option of pension. There are some other people who have been left out. Sacked, Dismissed, Terminated, Removed, CRS people have been given the option of pension. They all were punished for some unseemly conduct, but pension has been awarded to them.
Resignees mentioned in the same clause are not given pension option. They resigned due to some unavoidable family problems. They worked honestly in the Banks. They have been denied the right to Pension without any cogent reason. They deserve justice.
4. PENSION AND OTHER RETIREMENT BENEFITS ON SPECIAL ALLOWANCE:
In the 10th and 11th Pay Revisions, a big percentage of basic pay has been deducted and renamed as 'Special Allowance'. This Special Allowance is ineligible for Pension and other retirement benefits. It is in vogue at the rate of 7.75% to 11% of Basic Pay with effect from 1.11.2012 and 16.4% of Basic Pay with effect from 1.11.2017. Thus the Pension has been reduced from 50% to 45.5% with effect from 1.11.2012 and 41.8% from 1.11.2017
There are several court cases pending in the High Courts and the Kerala High Court has held it wrong.
Special allowance should be allowed for Pension and other superannuation benefits, is our humble submission.
5. EXTREMELY IMPORTANT - REGULATION OF DAILY WAGERS:
The Delegation informed FM that around 1.5 lakh people are working on daily wage basis for last 5 to 15 years in regular peon posts. They come from SC, ST, OBC and most oppressed class. They are being exploited a lot, they are not getting any benefits that regular employees get.
The delegation made a strong appeal to the Honourable Finance Minister to kindly arrange regularization letters to these daily wage workers at the hands of the Honourable Prime Minister. This will end the bonded labour policy in banks. This will be a big message for the suffering and exploited section of the society.
6. DEMANDS OF WORKING EMPLOYEES:
Referring to the problems of working bank employees, the Delegation demanded immediate approval of 5-day banking, which has been agreed between the Unions and IBA.
BMS has taken a holistic approach to the problems of Bank Employees, officers and Pensioners. In the first phase, the organization has taken up very serious and long pending cases and it will be our endeavour to be successful in maximum cases. In next phase we shall take up other issues including court cases which Banks/ IBA are pursuing against Bank men.
Sincerely yours, & In-charge Financial Sector, Mo-9818206399
Girish Chandra Arya,
All India Secretary,
K Balasubramanian
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