My Dear Friends,
నిజం నిప్పలాంటిది... నిజాయితీ కొఱవడిన నాయకుల మీద గుడ్డి నమ్మకం తో ఆత్మవంచన చేసుకోవద్దు ...
TRUTH IS FIRE... WE ARE NOT "SHEEP" & BLIND FOLLOWERS OF THE ERRING LEADERSHIP..... READ THE WRITINGS ON THE WALL - INDELIBLE HISTORICAL FACTS.
HENPECKED AIBRF LEADERSHIP UNDER THE REMOTE CONTROL OF AIBEA, HAVE BEEN JOINTLY THE ROOT CAUSE FOR ALL THE DAMAGE CAUSED TO THE RETIREE FRATERNITY SINCE THREE LONG DECADES!!!
LET US NOT HESITATE TO QUESTION THE ERRING LEADERSHIP....
"CALL A SPADE A SPADE..."
CLICK THE FOLLOWING LINK TO LISTEN THE VIDEO CLIP AT THE LAST ALL INDIA 3-DAY TRIENNIAL CONFERENCE OF AIBRF HELD AT NEW DELHI FOR THE GROUND REALITIES.....
I proudly share the following
Letter No. OT/3/2022 dated 01.09.2022 addressed to The Leadership of AIBEA by ALL KERALA BANK RETIREES FORUM (AKBRF -Affiliated to NCCPA) Contents are SELF-EXPLICIT ( This is followed by a Feedback from an aggrieved retiree colleague CURSING THE ERRING LEADERSHIP OF AIBEA & AIBRF)
✴️QUOTE✴️
****************************************
ALL KERALA BANK RETIREES FORUM (AKBRF - Affiliated to NCCPA)
TC 42/2009, Befi Centre, Mele Thampanoor, Trivandrum-695 001, Kerala e-mail akbrfkerala@gmail.com
President General Secretary Treasurer
N. Suresh M. Suresh D. John
9447477984 9447768157 9447021159
Letter No. OT/3/2022 Date : 01.09.2022
****************************************
To
Com C H Venkitachalam,
General Secretary (AIBEA)
Prabhat Nivas Singapore Plaza - 164, Linghi Chetty st.
Chennai-600001
Dear Comrade,
Recently we happened to listen one of your talks, particularly on the issue of dealing with Bank Employees Pension. As it is something related to pension, we went through this part thoroughly several times.
We are forced to comment on some of the points covered in that speech.
1. Claim No.1.
Your claim that YOU are solely responsible for the achievement of Pension in 1995 is totally FALSE and BASELESS. The FACT is as follows:
A Pension agreement was signed between RBI Management and Class III organization, viz All India Reserve Bank Employees Association (AIRBEA) during 1979 in addition to Contributory provident fund and Gratuity.
But this was nullified by a tribunal
(Justice C T Dighe).
During an agitational period this pension
scheme in lieu of Contributory Provident Fund was unilaterally imposed on RBI employees in 1990 and it was totally rejected by AIRBEA. During this period a strong struggle was going on demanding pension as a third retirement benefit retaining provident fund and gratuity by employees of LIC,RBI and banks.
But your organization not only turned their back on us but also backstabbed the movement by accepting this pension scheme in October,1993.
At a time when the social, economic and political conditions werevery conducive for realizing our demand, you chose to side with the authorities at the cost of the common comrades totally unbecoming ofa true trade union leader.
2. Your second claim that you brought a second option for pension in 2010 is a BIG LIE. Let us have a rear view of the facts.
In 2010, when another option was open for pension, how could 2,66,050 employees, (more than the number of existing pensioners) join this scheme? Even at that time, you and your organisation were sneering at employees that they “missed the last bus”.
And you were not even willing to include this as a demand in the bipartite charter of Demands that followed. When compelled to do so, you agreed to discussa lternative proposal.
Quote from 8th Bipartite Settlement:
✴️QUOTE✴️“ (G) The workmen Unionsdemanded one more option for pension considering the fact that many could not opt earlier for various reasons. IBA, however, reiterated its inability to extend the present pension scheme to those who had not opted for pension. However, both the parties agreed to DISCUSS alternative proposals” ✴️UNQUOTE✴️.
When the Union Finance Ministry and IBA projected an additional liability of ₹26,000 crores for this purpose, was it not your organisation that propagated it to the maximum?
After that BEFI conducted an actuarial calculation on its own and found that the additional liability would be only ₹6001.8 crores.
You and the finance department could not but accep the fact. It was only because of this that 2,66,050 employees could become members of the pension scheme during 9th Bipartite Settlement
3. You claim that when the family pension scheme of banks was
modified, as in RBI years ago, banks have remitted 18,500 crores to the pension fund. Would you disclose the details of any one of the banks?
From where did you get this figure? As mentioned earlier, just as 26,000 crores were reduced to 6001 crores, will you please demand an actuarial
calculation?
This scrutiny is necessary in the context of information provided by the banks themselves that the total family pension disbursed in the year 2017-18 was only ₹900 crore.
4. Some retirees’ organisations whom you ridicule are also doing many things for them. One of them was an attempt to know the details of the pension fund backed by the RTI Act 2005.
AND THE INFORMATION RECEIVED WAS REALLY SHOKING!
The same was sent to all concerned authorities including you. You claim that you control the pension trust and details of every bank for every year are available with you. You got access to all this information not only because you are a great man, but also you are the lifelong leader of an organisation.
A TRADE UNION IS A PUBLIC ENTITY. SO THE INFIRMATION THAT YOU ARE HAVING ALSO SHOULD BE ON THE PUBLIC DOMAIN.
You should correct those who tread a wrong path. We hope you will advise us, who are on the last lap of our life, from pursuing any dangerous course.
5. You referred about the payment of a prescribed amount by all Banks from profit earned towards pension fund, every year. But you will be surprised to know that even the statutory payment of 10 percentage of basic pay of pension optee employees has not been made by certain banks which are not in small numbers.
How dare you opine that Banks
transfer a part of profit every year to pension fund?
How you can say that the Banks will make payment from the profit part when the statutory payment dereliction take place in many Banks?
We have furnished information received through RTI, on erring Banks to all the Authorities and also to all the Union leaders.
THIS IS THE STARK REALITY. WE ARE COMMITTED TO CORRECTION, IF PROVED WRONG!
6. Now you are worried little about those who retired before 2002.
What steps you have taken over the past 20 years to end the very glaring discrimination faced by them?
We are surprised that you do not feel any guilt of conscious that you have not moved even the little finger in all the four bilateral agreements that took place during this period.
YOU REALLY DESERVE A "BIG SALUTE" FOR SUCCESSFULLY RETAINING THE RETIRED EMPLOYEES INTO 7 OR 8 CATEGORIES!
7. Your bullying tactics falls on post 2010 recruits in Bank. Instead of showing compassion and finding organisational solutions to solve and rectify their problems, you talked with a sense of vengeance that what they will get after retirement! Our simple question is that who is responsible for the creation of posts after 2010 with different
superannuation benefits, very inferior to their colleagues who joined earlier. The 11th BPS does not offer any solution. The decision to enhance NPS contribution of Banks from 10% to 14% is a solace.
This was implemented in RBI, and Central Government Employees years back. So naturally, this will be extended to post 2010 recruits in banking sector.
8. Another issue not mentioned by you in your speech is the revision of pension in RBI during March 2019. There was no necessity of additional contribution from RBI to implement Revision of Pension. It is a fact that the pension fund is not remaining static. The fund reinvested in certain financial institution/Govt. Securities which fetch interest leaving the fund to take care of the responsibilities of payment from time to time to meet pension liabilities. It is suffice to say the present pension fund can take care of the expenditure likely to incur on account of revision, and the
information gathered through RTI sources shows that since the pension fund is growing, it can meet the future expenditure, including justified periodical revisions.
9. The letter has already become lengthy. We should not be giving
you trouble of further furnishing of details as your time is precious.
What is disturbing the entire banking fraternity is your strong endorsement ofthe “findings” of Finance Ministry that Banks can’t afford cost of revision of pension owing to precarious Pension Fund position. You are adamant
in your stand that even a paltry revision of pension is fraught with alarming consequences. This unfortunate contention has found its echo in 10th and 11th settlements in order to negate the due benefits in the days to come by loading only 2% with Basic Salary and the balance increase of about 13-15% with outof purview of superannuation benefits.
All derogatory clauses were incorporated in settlements to deny the revision of pension, as per your dictates. The treacherous stand of yours was further exposed in the light of subsequent settlements in R B I and L I C, were proper loading in Basic Pay was ensured to protect the existing employees and also to take care of full superannuation benefits of retired employees, without any unfavourable restrictions.
10. We had to tell you so much because we noticed your aforementioned speech. While you claim to be the trendsetter, one
cannot ignore the fact that the other two prominent organisations in this sector, NCBE and AIBOC, raise heroic arguments outside the negotiating table and eventually meekly surrender before the authorities.
11. You always claim AIBEA is the trend setter in financial sector in solving the issues of bank employees. The fact is the ultimate position adopted by other two major organisatiosns viz. NCBE and AIBOC will be a matter of synchronising with your views, despite taking an apparently positive position on issues concerning the bank employees. They claimed that they will not take a stand contrary to the interests of Bank employees while finalising the BPS. But this claim proved wrong in 10th and 11th BPS, due to manoeuvres made by Finance Ministry- Bankers Combine
with the solid backing of AIBEA.
When it was felt that the interest of employees and pensioners will not be protected, BEFI kept aloof from negotiations and did not sign the 11th BPS. It is a surprise that your trumpeting of trend setting of Financial Sector is a hoax to confuse and deny what is due to the bank employees and Pensioners
FINALLY, WHAT WE SEE IS YOUR SHAMEFUL TRANSFORMATION INTO A STRONG FELLOW TRAVELLER OF IBA AND FINANCE MINISTRY.
BIPARTITE SETTLEMENTS GIVE ENOUGH PROOF FOR THE OBJECT SURRENDER ON VITAL ISSUES TAKING ADVANTAGE OF THE POSITION OF MAJORITY CHARECTER OF AIBEA.
But the organisational strength is utilized to protect and advance the interest of other side ofspectrum.
The genuine interests of Bank Employees are sacrificed at the
doorsteps of IBA-Govt. combine, only to remain in good books of powers that be.
Kindly be pleased to spare your valuable time for few minutes to read this.
THIS CIMMUNICATION IS ADDRESSED PRIMARILY TO KEEP RECORDS STRAIGHT. OTHERWISE, POSTIRITY WILL ACCUSE US FOR REMAINING A MUTE LISTNER WHEN TRUTH IS SACRIFICED FOR SHORT TERM GAINS AND POLITICAL EXPEDIENCY.
With warm greetings,
M. Suresh
General Secretary
✴️UNQUOTE✴️
With the Divine blessings of Matha Kanaka Durga abode इन्द्रकीलाद्रि - विजयवाद Indrakeeladri- Vijayawada, to bring solace to the grief-stricken hearts of the bank retirees in general and the SUPER SENIORS IN PARTICULAR only in the sole interest of justice & fair play.
|| यतो धर्मस्ततो जयः||
I remain – Yours ,
దేవులపల్లి శ్రీనివాస మూర్తి
DEVULAPALLI SRINIVASA MURTI Flat # 102 "Sai Kunj " Lakshminarasimhapuram Colony ,Hasthinapuram North - Hydearbad
Cell :9989318300,
06 09 2022
✴️✴️ ✴️✴️ ✴️✴️ ✴️✴️
CURSING FEEDBACK OF AN AGGRIEVED
Gv Ss (26 minutes ago)
Terrorists on Bank retirees appears to not having any regrets for all their misdeeds. How much benefit they gained by this sabotage? Will they and their proginy live happily? God teach them what they deserve
✴️✴️ ✴️✴️ ✴️✴️ ✴️✴️