By : Kamlesh Chaturvedi
UFBU committed blunder and has been responsible for breaking the unity of bank employees by dividing bank employees in three distinct and separate groups in terms of Pension Benefits. First group consists of those bank employees who opted Pension in lieu of CPF vide Settlement dated 29.10.1993. These employees got the benefit of Pension by returning the bank’s entire contribution to Provident Fund.
Second Group consists of those employees who opted for Pension when it was offered as Second Option vide 9th BPS dated 27.04.2010. These employees were required to not only return entire Bank’s Contribution to PF besides 2.8 times of the revised pay for November 2009 in case of serving employees and 156% of Bank’s Contribution to PF in case of retired employees.
UFBU has acted in selfish manner in the matter of Pension. This can be proved by following examples :
(1) UFBU entered into settlement in respect of even those who had not yet joined the banks and were not members of any of the unions and agreed that those who will join the banks on or after 01.04.2010 would be governed by New Pension Scheme of the Government. How can UFBU leaders derive locus standi, authority, power and competence to sign settlement in respect of those who are not members of the unions and have not authorised them to negotiate and settle on their behalf ? Top leaders of UFBU are answerable and must explain their conduct.
(2) They signed the First Pension Settlement on 29.10.1993 and made it effective from 01.01.1986 with selfish motto of covering retired negotiating leaders of that time and in return they agreed to permit IBA to link Pension to profits. UFBU leaders must quote a single instance from history of bilateral negotiations and settlements wherein a Settlement would have been made effective retrospectively to go back to 7 years and ten months with ulterior motive of covering particular persons.
(3) UFBU permitted IBA to discriminate similarly placed employees in identical situation in utter violation of Fundamental Rights Guaranteed under Article 14 and 16 of Constitution of India when it agreed for contribution equivalent to 2.8 times of revised Salary of Nov. 2009/156% of Bank Contribution. Such agreement deprived those who opted pension under second option from the arrears of BPS.
(4) Pension has been available to employees of State Bank of India and Allahabad Bank till 01.04.2010 as Third Terminal Benefit i.e. Benefit of Pension over and above the benefit of Contributory Provident Fund and Gratuity whereas for other Bank Employees Red Flag Unions settle
d Pension in lieu of CPF.
(5) UFBU has utterly failed to collect and maintain data with regard to Pension Fund and has been entirely dependent on data provided by IBA. Bank Employees have been cheated and defrauded in the name of deficiency in Pension Fund. Any person of reasonable prudence can make it out that many of the employees who retired from 01.01.1986 have died and their spouse too have died. With each passing day bank employees drawing pension would be dying and one day say after 25-30 years there
would be no one to draw pension from Pension Finds. Then how far there is always deficiency in Pension Fund whereas it must have surplus? There is no transparency in maintenance of Pension Fund.
(6) With a view to deprive employees retiring during the period 30.11.2012 to 31.10.2017 from the benefits of increased pension on account of increase in salary as result of Salary Revision, UFBU surrendered with IBA and agreed for just 2% load on Basic Pay and introduced Special Pay which will not rank for PF or Pension etc.
(7) UFBU cheated those retired employees and their dependents who have been backbone of strength of these unions in their working days and who have retired after 01.01.1986. These employees/their dependents are getting meagre amount as Pension. There has been strong case for revision/updating of Pension for these bank employees but UFBU defrauded them by giving false assurances.
Its high time that young bank employees particularly the volunteers of We Bankers to come forward and launch a sustained struggle to correct the sins committed by retired and tired leaders by breaking the rock like unity of bank employees and making their trade union movement weaker through creation of various interest group in identical and similar situation. Let all bank employees whether retired or working, whether old or young come together to unite and fight for uniform pension for all in line with “One Rank One Pension”. Its time to understand the danger of breaking of unity in the name of pension benefit. Its time to revolt and force UFBU to accept its sins and fault which it has committed against trade union ethics.
I AM ASTONISHED TO SEE IN THE GROUP THAT NO BODY HAS RAISED A HUE AND CRY ABT THE PROPOSAL SENT TO IBA BY UIICO FOR DOM TREMENT HEALTH INS POLICY FOR RETIREES FOR OFFI – 4 LAC PRE RS 36998 AND FOR CLERK -3LAC – PRE RS. 27750.. UFBU , THE BETRAYER FOR THE RETIREES HAS NOT COME WITH ANY COMMENT. REVOLUTIONARY TRADE UNION ORGANISATIONS KNOWN FOR LEFT CHARACTER CLAIM PRO EMPLOYEES HAVE NOT UTTERED A SINGLE WORD. SUPPORTERS OF UFBU EXIT IN VORBE WITH THEIR PARROTS AND SYCOPHANTS OF THE BETRAYERS HAVE NOT UTTERED A SINGLE WORD..
I DON”T KNOW THAT ANY RETIREES HAVE ANY HEART AILMENT AFTER HEARING THIS.
FAMILY PENSIONERS FAMILY HAVE TAKEN SHELTER ON FOOTPATH AFTER HEARING THIS.
WT IS THE COMMENT OF 2 RETIREE FRIENDLY ORGANISATIONS NAMELY AIBRF AND CBPRO. I WANT TO KNOW WHETHER HEALTH INS PRE OF RETIRED
LEADERS R PAID FROM THE CORPUS OF UNIONS IN WHICH THEY BELONG.
THESE LEADERS R THE CHAMPIONS FOR THEIR DEVOTED WORK.
I THINK FROM THIS YR AFTER PREMIUM PAID LIST PUBLISHED THERE WILL ONE CATEGORY OF HEALTH INS POL WITHOUT DOM WITH SUPER TOP UP POLICY.. POL WITH DOM WILL BECOME DEFUNCT BECAUSE OF NON-INTEREST OF RETIREES DUE TO SKY HIKE PREMIUM AND THEIR INABILITY TO PAY THE PRE DUT TO FINANCIAL PROBLEM.
BRAVO LRADERS OF TRADE UNIONS IN BANKING INDUSTRY KNOW FOR THEIR OWN INTEREST.
AFTER RETIREMENT LEADERS HAVE GOT A PAID JOB WHICH THEY DONOT WANT TO LOOSE.
PLEASE READ word BY word WHAT AN EX-BANKER CAN EXPLAIN BACKED BY FACTS AND FIGURES, WHY UFBU/AIBRF/CBPRO CAN NOT EXPLAIN TO GOI/MOF/IBA
THEY ARE PERHAPS DELIBERATELY DERAILING THE NEGOTIATION PROCESS.
