AIRBF's CC Meet at Pune

[perumal maruthu]

           HAPPY  NEW  YEAR!

 

Dear Sirs,

WE WISH ALL A  VERY HAPPY AND

PROSPEROUS NEW YEAR 2013 AND HOPE THAT 2013 WILL BRING MANY

ACHIEVEMENTS FOR RETIREE COMMUNITY. ON THIS OCCESSION AIBRF

DEDICATES ITSELF TO CONTINUE TO WORK FOR BETTERMENT OF

 

RETIREE FATERNITY.

 

The first Central Committee Meeting of AIBRF was held at Pune on 19th and

20th December 2012. The following issues were deliberated and decided

 

 

(a) Charter of Demands: The committee deliberated in detail the status of

charter of demands prepared by AIBRF its submission to UFBU

constituents , submission of charter of demands by UFBU to IBA,

position regarding inclusion of retiree issues in UFBU charter of

demands and formulation of future strategy of AIBRF to achieve the

demands. About 50 central committee members, office bearers and

observers participated in the deliberations on it The following points

emerged from the discussions on this issue

(i)It was observed that charter of demands submitted by UFBU had

Included all core demands of retirees like pension updation,100

percent DA neutralisation, improvement in family pension, uniform

medical facility etc and the committee expressed satisfaction on it.

 

(ii) However. It was felt that many points included in UFBU in their

charter of demand are not specific and clear from the point of view

of retirees. The participants wanted to assess possibility of

achieving retiree demands in the final settlement and wanted to

perception and stand of UFBU in this regard. On this issue it was

decided to hold periodical discussion and consultation with UFBU

convenor and leaders of other constituents of UFBU to ensure best

possible results for the retirees.

(iii) Some of the participants were of the view that we should take up

with the government/IBA to invite retiree representatives for

negotiation independently in view of the experience of previous

settlements and banks should be asked to give suitable mandate to

IBA for this purpose. In response to this the General Secretary

pointed out that Superannuation benefits where in-service

employees have interest and retirement benefits where past retirees

are going to be benefited are inter dependent and inter-mingled and

therefore they will have to be negotiated and settled jointly. In view

of this it is necessary for us to coordinate with UFBU for best

results. AIBRF shall work for it and simultaneously ensure that

retiree representatives are invited by government and IBA to present

their views before finalisation of the next settlement .We would

persuade UFBU to ask IBA to invite retirees for presenting their demand.

(iv) AIBRF should gear up itself at all levels to launch agitational

programmes from time to time as and when required depending

upon the developments taking place during the negotiation. The

participants suggested various action points like writing post cards,

holding demonstrations, dharnas ,rallies , approaching former CMDs

to use their influence submission of memorandum to MPs etc.

(v) The negotiation and final settlement may take quite good amount

of time. Therefore AIBRF should do constant review to protect

retiree interest.

(vi) AIBRF should do financial costing to meet various demands of

past retirees and present them to UFBU to know their views on them.

Details of discussion on recent judgement of Madras High

Court are given in the following paragraphs.

(VI) The committee expressed satisfaction on Government/

IBA decision to give one more chance of pension option to

past retirees who took VRS under regulation no 19 of OSR.

This achievement could be possible because of

continuous efforts made by our affiliates ,members by

fighting it in court law The committee congratulated the

affiliates and members for this success. However the

committee expressed disappointment for not giving

pension option to resignees , compulsorily retired

employees etc and decided to continue to follow up the

matter till success is achieved in this regard

(VII) The General Secretary informed that matter of increase in

ex-gratia amount to pre-1986 retirees and their widows is

under active consideration at the government level and

decision is expected soon.

(VIII) The General Secretary informed that AIBRF would

continue to follow up pending issues like 5 year notional

benefit as per supreme court decision in left over banks,

implementation of supreme court decision in respect of

gratuity difference payable who retired during 6th

settlement for early solution.

(IX) The General Secretary informed about the efforts made by

AIBRF to establish coordination among retiree

organisations at apex level.

Madras High Court Decision in 100 percent DA Neutralisation

 circular No. 2012/1105 dated 21.12.12  already issued which is self explanatory.

 

 

www.aibrf.com

 

1616-1684 Case Pending in the Supreme Court

The above case is pending in the supreme court for final disposal. As you

know this case relates to payment of arrear of pension difference and

payment of commutation difference to about 1 lakh retirees who retired

 

between 1998 to 2002. 7th wage settlement fixed pension of those retired

 

 

after 1998 on index of 1616 while pay of employees were fixed on index of

1684.This resulted in fixation of pension at about 42 percent of pay instead

of 50 percent provided in the pension regulations. This position was

 

corrected under 8th settlement and the pension was restored to 50 percent.

 

 

However the arrears were paid with effect from 1.05.2005 instead from the

date of retirement. The amount involved in arrear payment on this issue is

fairly large running into several crores

In view of huge financial interest of retirees involved and government /IBA

decision was ab-initio illegal and contrary to the provisions of settlement

many individuals and organisations approached to the courts for justice.

High Courts have given decision in favour of retirees. But the bank

managements/ IBA have filed SLPs in the Supreme Court. SLP filled by Bank

of Baroda Management and subsequently joined by IBA is likely to be heard

in the coming days. Many other petitions filed by retirees of other banks like

Canara Bank, SBM etc are getting tagged with Bank of Baroda case for final

hearing. We understand that about 750 petitioners are involved in this case

 

Considering the huge financial benefits involved to large number of retirees

and It is decided by AIBRF to coordinate the legal handling of the case at

Supreme Court and pledge all support to our comrades who are fighting the

case for the benefit of large number of retirees. Any individual who want to

join the SLP may contact us for guidance and support.

Thanking You

Yours Sincerely

 

 

General Secretary.

(Ref 2012/1101 dt 27/12/12)

 

 

 

 

 

 

 

 

 

 

 

 

[Murthy Laxmi]

Dear concerned OFFICE BEARERS,

IN THE LIGHT OF THE RECENT MADRAS HIGH COURT JUDGEMENT, I OPINE THAT   

LET    AIBRF AND UFBU  REQUEST/ADVIASE  THE MEMBER BANKS TO APPROACH THEIR RESPECTIVE STATE HIGH COURTS ON THE LINES OF MHC AND OBTAIN THE VERDICTS.

a s mURTHY

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