AIBPARC TO HON.FINANCE MINISTER

[mohan p]

Sub: Long Pending and unresolved Issues of the Senior Citizens of the Banking Industry.  

We reproduce hereunder the text of our letter written on date on the above subject to the Hon’ble Union Finance Minister. 

 The copy of the letter has been endorsed to the Chairman & Other Officials of IBA, Managing Directors of Banks, DFS, MOF, GOI and also to the Convener, UFBU.  

This is for information of members. 

[Raghavan s]

Beg, Beg and go on begging. We have no alternative. 

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[Logu Kuppan]

Dear sir,

From 10th of March I have not any mails or messages from bank retirees group.

Kindly arrange to send me the same continuously.

Thanking you

Yours Sincerely

LOGANATHAN K

RETD MANAGER

CANARA BANK

mail: logana...@gmail.com.

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[chadaram adinarayana]

Thanks for the mail

> To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CAF_reYW3b%2BXbLu_HNtnNT55zkANMffpBGmEbb1jRAcBE2U3j%2BA%40mail.gmail.com.

[JSOMA SHEKARA]

A cartel is formed by AIBOC-AIBEA-AIBRF-AIBPARC to cheat pensioners and delay updation.

The need of the hour is that both retiree associations and UFBU leaders should unite and arrive at consensus on formula for updation and 100% DA issue and present an united, strong and specific demand before IBA and pursue it till it is achieved without bothering about Ref35/1. Pension funds.

After 25 years of Pension regulation it is most shameful and disgusting to watch endless debate on Reg 35/1. Pension funds even after few courts have rejected the theory.

Instead of demanding UFBU to take up the issue seriously AIBPARC is claiming there is no need for negotiations. AIBRF in its conference did not question AIBEA why collecting cost data requires 25 years for IBA when it is readily available with Banks.If AIBRF conducts conference and conference hall is full, will IBA/DFS be impressed by It and sanction Updation? It is only a waste of members' money.

On the other hand UFBU suggested IBA to collect data of pensioners and  increase of Pension cost in each settlement. From this it is evident that IBA has not so far collected pension cost details from Banks.If Both UFBU and IBA do not have cost details why UFBU leader in Conferences and on facebook repeatedly claiming cost is huge without knowing cost data.

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/CABXsoRMsDkTWATEfG6KnRUiq7mLYWRGcbdH7bx%2Bn%3D3-1aVk4HQ%40mail.gmail.com.