Re: Fw: Staff welfare Measures

[lakshmanan shankarnaraynan]

Dear Perumalji,   Staff Welfare Fund mainly takes care the welfare of the serving employees. Does it serve any purpose for the retired employees without discrimination on the nature of retirement?   S.Lakshmanan(IB-VRS2001) --- On Fri, 3/2/12, perumal maruthu <perumal...@yahoo.co.in> wrote: From: perumal maruthu <perumal...@yahoo.co.in> Subject: Fw: Staff welfare Measures To: "anka...@gmail.com" <anka...@gmail.com>, "annai...@gmail.com" <annai...@gmail.com>, "ashok...@gmail.com" <ashok...@gmail.com>, "balu (Dhan)" <dhan...@rediffmail.com>, "cr_v...@hotmail.com" <cr_v...@hotmail.com>, "chandra...@gmail.com" <chandra...@gmail.com>, "erodebalu" <canar...@gmail.com>, "cheenu...@yahoo.co.in" <cheenu...@yahoo.co.in>, "devulapa...@gmail.com" <devulapa...@gmail.com>, "dharma...@gmail.com" <dharma...@gmail.com>, "elan...@hotmail.com" <elan...@hotmail.com>, "SIKANDER GULATI" <sikander...@gmail.com>, "gupt...@gmail.com" <gupt...@gmail.com>, "hkv...@gmail.com" <hkv...@gmail.com>, "jayakr...@yahoo.com" <jayakr...@yahoo.com>, "kalia...@yahoo.com" <kalia...@yahoo.com>, "siva ram" <sivaram...@rediffmail.com>, "pra" <kanna...@rediffmail.com>, "kuvalai...@yahoo.co.in" <kuvalai...@yahoo.co.in>, "ktre...@gmail.com" <ktre...@gmail.com>, "karu...@gmail.com" <karu...@gmail.com>, "laksh...@yahoo.com" <laksh...@yahoo.com>, "MOHANDAS RAO" <kmra...@gmail.com>, "sureshbhat M" <sures...@gmail.com>, "yagneswaran manickam" <manic...@gmail.com>, "mdossb...@gmail.com" <mdossb...@gmail.com>, "n. saikrishnan" <n.saik...@gmail.com>, "pmr1...@gmail.com" <pmr1...@gmail.com>, "pras...@gmail.com" <pras...@gmail.com>, "pradeep...@gmail.com" <pradeep...@gmail.com>, "punit....@gmail.com" <punit....@gmail.com>, "radh...@gmail.com" <radh...@gmail.com>, "ramesh.me...@gmail.com" <ramesh.me...@gmail.com>, "sankarasub...@gmail.com" <sankarasub...@gmail.com> Date: Friday, March 2, 2012, 2:15 PM ----- Forwarded Message ----- From: perumal maruthu <perumal...@yahoo.co.in> To: "bankpe...@googlegroups.com" <bankpe...@googlegroups.com> Sent: Friday, 2 March 2012 7:40 PM Subject: Staff welfare Measures Dear sirs,   Government of India has advised IBA on revised norms for the Staff Welfare Fund in Public Sector Banks as follows: Category 3% of Net Profit with Maximum ceiling per year State Bank of India Rs. 100 Crores PSBs with business mix of over Rs.3,00,000 crores and employee strength above 30,000 Rs. 25 Crores PSBs with business mix of over 1,50,000 crores to 3,00,000 crores and employee strength of 20,000 to 30,000 Rs. 20 Crores Other PSBs Rs. 15 Crores (For the purpose of calculation the average of business figures for the previous two years may be reckoned)   It is further stipulated that: (i)     No cash payments shall be made to employees except for medical and educational purposes. (i)        Banks may consider the option of Group Insurance Policies for both serving and retired employees instead of direct payment of benefit from the Fund. (ii)      Each Year the Banks may devise a Scheme for Appointment of funds with the prior approval of their Board of Directors, as per specific needs of the Bank. Detailed circular to all Banks is yet to be recieved from IBA. M.Perumal CB-Pensioner Chennai

[perumal maruthu]

Dear sir,

Gov't has not advised the Banks to deny the Medical Facilities to those other than the SUPERANNUATED. It is only some Individual Banks who continue to discriminate the Retired into superannuated and non-superannuated or pensioners and PF-Retirees, vrs or svrs etc.

All the Retirees' Fora have demanded extension of Medical Facilities to all the RETIRED without any discrimination.

AIBRF has demanded a Uniform Medical Facility Policy (like Group Insurance) to all irrespective of their mode of Exit.

M.Perumal

Chennai

From: lakshmanan shankarnaraynan <laksh...@yahoo.com>
To: perumal maruthu <perumal...@yahoo.co.in>
Cc: bankpe...@googlegroups.com
Sent: Saturday, 3 March 2012 7:06 AM
Subject: bankpensioner Re: Fw: Staff welfare Measures

Dear Perumalji,   Staff Welfare Fund mainly takes care the welfare of the serving employees. Does it serve any purpose for the retired employees without discrimination on the nature of retirement?

-- You received this message because you are subscribed to the Google Groups "bankpensioner" group.To post to this group, send an email to bankpe...@googlegroups.com.To unsubscribe from this group, send email to bankpensione...@googlegroups.com.For more options, visit this group at http://groups.google.com/group/bankpensioner?hl=en-GB.

[Krishna Kumar. S]

 I would also having the same doubt whether it is applicable only to the serving employee or it is extended to the special VRS people also.


S.Krishna kumar.(I.B.VRS-2001)

--

[Narendra Khutate]

Staff welfare fund takes care of both i.e. existing as well as retired employees. The have to make provision @ 1.5 to 2% of their profit for welfare of retired employees.

Khutate

[Rishikesavan Sadhasivan]

dear perumal,

staff welfare fund is created from the  p&l a/c of the respective bank and all the staff members  who worked during  their period are eligible for the contribution. we people worked more than 25-30 yearsare  eligible for the  same.the dividing of  superannuated and  non- superannuated  is not correct.earlier it  was 5% from p&l a/c. after issuance of  pension to eligible staffs, there shouldnot be any indiscrimination

.rishikesavan.ibvrs2001

---

From: perumal maruthu <perumal...@yahoo.co.in>
To: "bankpe...@googlegroups.com" <bankpe...@googlegroups.com>

Sent: Saturday, 3 March 2012 2:22 PM
Subject: Re: bankpensioner Re: Fw: Staff welfare Measures

Dear sir,

Gov't has not advised the Banks to deny the Medical Facilities to those other than the SUPERANNUATED. It is only some Individual Banks who continue to discriminate the Retired into superannuated and non-superannuated or pensioners and PF-Retirees, vrs or svrs etc.

All the Retirees' Fora have demanded extension of Medical Facilities to all the RETIRED without any discrimination.

AIBRF has demanded a Uniform Medical Facility Policy (like Group Insurance) to all irrespective of their mode of Exit.

M.Perumal

Chennai

From: lakshmanan shankarnaraynan <laksh...@yahoo.com>
To: perumal maruthu <perumal...@yahoo.co.in>
Cc: bankpe...@googlegroups.com
Sent: Saturday, 3 March 2012 7:06 AM
Subject: bankpensioner Re: Fw: Staff welfare Measures

Dear Perumalji,   Staff Welfare Fund mainly takes care the welfare of the serving employees. Does it serve any purpose for the retired employees without discrimination on the nature of retirement?

-- You received this message because you are subscribed to the Google Groups "bankpensioner" group. To post to this group, send an email to bankpe...@googlegroups.com. To unsubscribe from this group, send email to bankpensione...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/bankpensioner?hl=en-GB.