To
1). The Dy CEO,
Indian Banks Association,
2). Mr Brajeshwar Sharma,
Sr Advisor- HR & IR,
Indian Banks Association,
3). The General Secretary,
AIBEA,
4). The General Secretary,
NCBE,
5). The General Secretary,
BEFI,
6). The General Secretary,
NOBW,
7). The General Secretary,
INBEF.
Dear Sirs/ Comrades,
Sub:- Blatant violation of signed agreement/settlement .
I’m reproducing hereunder the relevant portion of the agreement/settlement arrived at and signed by all of you on 8th March-2024:-
Minutes of discussions held between IBA and AIBEA, NCBE, BEFI,NOBW and INBEF.
Whereas a settlement has been arrived at on 8th March, 2024 on the charter of demands submitted by the unions and
Whereas some of the issues and demands raised by the unions could not be taken up for discussion and resolved, and
It is hereby agreed between the parties that the following issues and demands raised in the charter of demands shall be discussed further to reach a mutually acceptable and amicable resolution of the same within a maximum period of six months from hereof :-
No.2. Updation of pension for past retirees .
Provisions to be made in the Pension Regulations to provide for periodical updation of pension along with wage revisions/ settlement/s.
No.3:- Improvement of pension scheme.
No. 6:- Extending exgratia to pensioners of private banks.
No. 8:- Premium of medical insurance policy to be borne by banks.
No.9:- Improvement in group medical insurance policy.
No.11:- DA scheme for all pensioners to be at uniform index of 8088 points.
No.13:- Inclusion of Special Allowance for superannuation benefit .
These were the written and signed agreements/ settlements where all of you have put your signatures . As per your own agreement, an amicable settlement should have been reached with six months , means within 8th September-2024. Now would you please look at your calendar and see that you did nothing to implement even a single one of the list during one year and one month ! Would you please offer your explanation for your deliberate failure to honour your own agreements ? If the retirees ask you this question , you get irritated and use abusive words.
If the retirees feel that it was a sheer secret understanding between IBA and yourselves, then would it be wrong ?
You do not allow the retirees associations to negotiate on their issues but do yourselves, a plan which might have been designed by IBA. May I remind you that the retirees are not your members and you cannot represent them ?
Bank Employees pension scheme is the only and unique scheme in India, may be in the whole world where for payment of retiral benefits the employers need not spend a single rupee. For getting pension, retirees have built a robust fund which is ever escalating every year, touching now over Rs.4.57 lakh crore !
In the same country , pension is paid to central and state Govt employees from budgetary allocation, same way pension is paid to MLAs/MPs/ministers, judges , military personnel from exchequer and their pension is regularly updated along with wage revision or by raising hands . But for bank pensioners though banks will not have to spend anything from their profit & loss account , pension updation is not agreed due to only arrogance of power.
You are requested to just calculate how much financial burden has been taken by the banks since 6th BPS to 12th BPS while the pension remained stationary during all these years since inception of the scheme in 1993. Don’t you feel how you are failing to the retirees but you want them to silently accept your failure/ negligence without uttering a word .
You are more interested in 5 day banking than settling the pensioners burning issues which you undertook to resolve within September-2024 !
Very strangely, IBA’s senior advisor- HR& IR Mr Brajeshwar Sharma is citing all bogus and baseless arguments against pension updation case pending in Supreme Court even by an affidavit . He is functioning these days like above the CEO/ Dy CEO of IBA. He is advising the MDs of banks , interacting with DFS etc . But as per his designation , he is only an advisor to IBA on HR & IR matters. CEO or Dy CEO should represent the IBA not the advisor.
We observe that IBA holds periodic meetings with UFBU on so-called residual issues which do not include pension updation matter .
Recently, we observed that two constituents of UFBU, viz AIBOA and NCBE came up supporting the pensioners’ issues but others are still silent. The reasons are best known to them.
At the end, I leave it to your conscience and hope good senses will prevail upon you !!
Yours sincerely,
Biswanath Bandyopadhyay,
Retd DGM( personnel & HR),
eDena Bank, HO, Mumbai.
9819243913( message only).