CONGRATS & RED SALUTES
– UFBU SIGNS MINUTES WITH IBA
– ANNUAL WAGE INCREASE OF RS. 4816 CRORES FROM 1-11-2007
– ONE MORE OPTION FOR PENSION ACHIEVED
WE DEDICATE THIS ACHIEVEMENT TO THE MEMORY OF
COM. PRABHAT KAR ON HIS 25TH DEATH ANNIVERSARY DAY
Yes, today, 27-11-2009, is the 25th death anniversary of our great leader and doyen of
bank employees trade union movement, Com. Prabhat Kar. On this solemn day and during
the centenary year of this father of our movement, we deem it a befitting commemoration
and tribute to his life-long pioneering role in shaping up the service conditions of bank
employees that the Minutes have been signed with the IBA on our wage revision demand
and more importantly, securing another option for more than 3 lacs of
employees/officers/retirees to get the benefit of our unique pension scheme.
Salient features:
a) Annual wage increase of Rs. 4816 crores (Rs. 2239 crores for officers and Rs. 2576
crores for workmen employees) w.e.f. 1-11-2007.
b) All the existing employees who are now in PF scheme will be given an option to join the
existing pension scheme.
c) All those who have retired after the date of Pension Regulations till date will also be
given an option to join the pension scheme.
d) Full settlement on the above to be finalized within 90 days.
__________7th BPS ______ 8th _______ BPS NOW
Additional annual wage load 12.25 % 13.30 % 17.50 %
Total quantum of annual wage 1497 crores 2200 crores 4816 crores
increase (Officers & Workmen)
Annual Average Per Capita Increase:
Ø For Workmen employees 12,550 23,300 56,200
Ø For Officers 24,025 43,600 91,800
ONE MORE OPTION TO JOIN PENSION SCHEME- A UNIQUE ACHIEVEMENT:
– In 1993, after bitter struggles and against all odds, AIBEA and AIBOA achieved
pension scheme for bank employees. Today, once again, with the leading role of
AIBEA and AIBOA, another milestone has been anchored. More than 3 lacs bank
employees, officers and retirees will now get another option to join the pension
scheme to insulate themselves with this unique social security benefit. It is a very
commendable achievement indeed.
–
Posts
it is an achivement in the tight spot and in anxiety to get the pension benefit to the 3 lakhs left out employees. The anomaly of tappered rate of DA neutralisation to pre 1.11.2002 retirees should be included now itself . it should have been done in the last settlement itself.
ReplyDeletek balasubramanian retired under vrs 2001 pension optee