IBA circular on pension for CRS , Removal, Discharged Employees

[binod bihari]

IBA circular on Pension for CRS/Removal/Discharged Employees!

HR & INDUSTRIAL RLATIONS

No. HR&IR/CIR/2015-16/MI/1852

December 23, 2015

Chief Executives of Member banks which are parties to Bipartite Settlement dated 10.4.2002.

Dear Sir,

Special Leave Petition No. 17054/2009 before the Hon’ble Supreme Court – Bank of Baroda vs. S.K. Kool – Supreme Court decision dated 11.12.13 against the Bank – Review Petition (C) No. 2344/2014 & (2) SLP No. 11443/2014 Bank of Baroda vs. G. Sukla before the Supreme Court.

We refer to our Circular No. CIR/HR&IR/KU/MI/1004 dated 30.6.2015 regarding treatment of cases in which an employee who is imposed with punishment of “removed with superannuation benefits” under Clause 6(b) of the Bipartite Settlement dated 10.4.2002/27.5.2002 on “Disciplinary Action & Procedure therefor for Workmen” in view of the above captioned Hon’ble Supreme Court Judgement. Member banks were advised to consider implementation of the said judgement in such cases.

We have been receiving queries from member banks seeking clarifications as to whether the award staff employees who are imposed with punishment of “compulsorily retired” (6c) and “discharged from service” (6d) are also covered under the above judgement.

We have examined the matter and are of the view that employees imoposed with punishment of “removal”, “compulsory retirement” and “Discharge” as per Clause 6 (b) (c) and (d) of Settlement dated 10.4.2002 are to be considered with superannuation benefits, i.e. Pension and/or PF and Gratuity as would be due otherwise under the Rules or Regulations.

Yours faithfully,

       Sd/-

K. Unnikrishnan

Deputy Chief Executive

[thirumalaisamy]

Sir whether RESIGNEES ARE INCLUDED? Kindly inform any other development in the case of resignees pension option.As per IBA direction and instructions banks are extending second pension option to all retirees including VRS, CRS ETC., EXCEPT RESIGNEES. Number of resignees are resigned his service due to medical grounds and also completed more than twenty years service. I request to UFBU,AIBRF AND OTHER RETIREES UNION AND ASSOCIATIONS to takeup the demand of second option for pension to resignees immediately.
Let us hope for victory. with the best wishes.
t.thirumalaisamy

[Suresh Multani]

Dear sir
I am resignee,
On medical ground
From union bank of India
I worked for 32 years
I was in very good books of the banks
Worked loyally
And request all unions to please give a thought that this the last chance, to get the mention,
Number of resignees are very few
And we were forced, being on medical ground,
To leave the job, having no option,
Worked for 32 years,
Please look into the matter on humanaterian ground,
Please !
Suresh multani
Union bank of India, resignee

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[Satish Joshi]

i am also prematured retire from union bank ,having filed acase.pl share your ph no