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Wednesday, November 4, 2009

UFBU Meeting on 04-11-09

A meeting of the UFBU was held today (04-11-09) in Chennai. Com P S Pillai (President, BEFI) presided over the meeting.

1. The meeting took note of the negative approach of the Government in relation to the revised scheme of compassionate ground appointment/financial compensation to the family of the employees dying in harness and felt that the scheme as discussed and finalized between UFBU and IBA should be got expedited.

2. As regards the condition of the IBA that the entire cost of pension arising out of the wage revision to be adjusted from the proposed wage revision and that in the next settlement again another actuarial valuation should be carried out and the gap should be funded by employees sharing the same, after detailed discussions, the UFBU while rejecting the above conditions, expressed its view that the additional pension cost can be adjusted by sharing a portion of the same as was done in the 7th and 8th bipartite wage revision.

3. Regarding IBA’s condition that a new contributory pension scheme should be accepted by the unions from 1-4-2010 as a pre-condition for extending one more option for pension scheme, the UFBU felt that a mutually acceptable solution should be worked out to resolve the same as unilateral imposition of such conditions are not acceptable.

4. Regarding IBA’s suggestion for introduction of the concept of fixed pay and variable pay for bank employees/officers, UFBU decided not to accept the proposal.

Based on the above, the meeting decided to pursue the issues with the IBA during the next round of talks to be held shortly and to expedite the conclusions as early as possible.

Comrades, we are aware that speculations and rumours are being circulated here and there which are only adding to the anxieties of the membership. Hence UFBU appeals to all units and members not to fall a prey for such propaganda and close up the ranks at this crucial juncture when all attempts are being made by the UFBU to expedite the settlement.

5 comments:

  1. WITHOUT KNOWING THE NEAR BOILING SITUATION OF THE BANK EMPLOYEES THE PARTIES TO THE SETTLEMENT ARE PLAYING HIDE AND SEEK GAME. THE LETHARGIC ATTITUDE OF THE IBA /GOVERNMENT COMBINE AND THE CASUAL ATTTUDE OF UFBU SOUNDS VERY BAD. THEY ARE DOING 100% INJUSTICE TO THE BANKMEN PRESENT AND PAST RETIREES WHO ARE EXPECTING GOOD WAGE SETTLEMNET, PENSION OPTION AND RECTIFICATION OF ANOMALIES LIKE TAPPERING DA OF PRE 01.11.2002 RETIREES.
    RIGHT APPROACH IS LACKING ON ALL SIDES. EVERYBODY IS HAVING UNWRITTEN HIDDEN AGENDA, LIKE FINANCIAL REFORMS -GOVERNMENT- TOTAL NEGATIVE ATTITUDE OF IBA HEADED BY BANK EXECUTIVES AND NON VISIONARY APPROACH OF UFBU BY PUTTING HURDLES TO CONSOLIDATION ETC. UNLESS AND OTHERWISE GIVE AND TAKE ATTITUDE DEVELOPS NOTHING IS GOING TO EMERGE AND 10 LAKS BANK EMPLOYEES AND PENSIONERS ARE LEFT WITH NO OTHER ALTERNATRIVE OF CURSING THEMSELVES FOR BEING A PRESENT AND PAST EMPLOYEESOF THE BANK .WHEN THE WHOLE LOTS STATE AND CENTRAL GOVT EMPLOYSS ANDPUBLIC SECTOR EMPLOYEES WERE GOT THEIR WAGE REVISED LIBERALLY WHAT IS THE SIN COMMITTED BY THE POOR BANKMEN TIME ONLY WILL TELL . LET GOD SAVE THEM FROM THE CLUTCHES OF THE GREAT THREE PARTICES NAMELY GOVT IBA AND UBFU

    K BALASUBRAMANIAN

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  2. UFBU HELD TALKS WITH SO MANY ROUNDS AND THEY CANNOT ACHIEVE EVEN IF THEY GET SEVERAL ROUND TABLE CONFERENCE AND IT SHOWS THE LACK OF LEADERSHIP QUALITY AT ALL LEVELS.
    INJUSTICE CAUSED TO BANK EMPLOYEES

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  4. IMHO, for wage revision to take place, the unions should let go their pro-leftist leanings and accept sensible suggestions on bank consolidation. Union leaders oppose mergers saying financial inclusion will suffer...but, may one be permitted to turn the argument on its head? Even after 40 years of nationalisation, more than 50% of our population have no access to formal banking channels; are these leaders then in some wonderland?

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  5. The Bipartite settelement has already taken 2 years & is yet 2 b settled.....!!After the next 3 years it will be time for the next one.......!!Now it is true that what ever settlement does takes place an arrear will be paid to the employees......!!But will the Government be kind enough 2 adjudge the valuation of money & give interest on arear??No.....never!!We are 2 suffer.....why should the Government suffer??Especially when in our country democracy has already got transferred to autocracy!!In this situation.....when the settlement is being delayed intentionally.......the Bank unions should try to manage a bipartite settlement each year........in that case may be we will get a very little hike every year.....but still in that case we will not have to lose the interest on the arear vested for long......!!What do u say??

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