HOPING FOR SOMETHING GOOD TO EMERGE SOON.....
MY DEAR FRIENDS,
UFBU - IBA - CLC TRIPARTITE CONCILIATION PROCEEDINGS WERE HELD AT DELHI ON 01 07 2022 FOLLOWED BY UFBU'S RECENTLY HELD MEETING AT CHENNAI ON 17 12 2022 - CALENDER OF EVENTS
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UFBU COMMUNICATION TO ALL IT'S CONSTITUENT UNIONS
Circular No. UFBU/2022/07 Dated :02-07-2022
Dear Comrades,
Discussions with IBA on Residual Issues
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Our Unions and members are aware that in the background of delay in discussing the residual
and pending issues, UFBU had given the call for strike on 27th June, 2022. In the conciliation
meeting held before the Chief Labour Commissioner at Delhi on 23-06-2022, IBA had agreed to commence the negotiations on the residual issues and demands raised in the strike notice and hence the strike call for deferred.
Accordingly, a round of discussion took place yesterday i.e.01 07 2022 at IBA office in Mumbai.
Shri. M.V. Rao (MD-CEO of Central Bank of India), Chairman of the IBA’s Negotiating Committee represented IBA along with Shri Shanti Lal Jain (MD-CEO, Indian Bank), Shri. Joydeep Dutta Roy(ED, Bank of Baroda), Shri Debashish Mukherjee (ED, Canara Bank), Shri. Lal Singh (CGM-HR, Union Bank of India), Shri Ashok Kumar Pathak (CGM-HR, Bank of India), Shri. S K Rana (CGM-HR, PNB), Shri. Manish Kumar, (GM-HR, UCO Bank) and Shri. Md. Ayazuddin (DGM-IR, SBI).
From UFBU, representatives of 8 Unions were present.
The following issues were taken up for discussion during the meeting:
01. Five Day Banking :.......
02. Updation of Pension:
IBA explained that updation of pension involves additional cost of funding and pay out and hence the cost aspect needs to be kept in mind while discussing the issue. IBA also pointed out that already, every year, all the Banks are making additional provisions to meet the shortfall in the pension fund I each Bank. After a lot of discussions, it has been suggested that to begin with the Ex-Gratia Pension to pre-1986 retirees/spouses can be addressed on a priority and improvement in the pension of retirees between 1-1-1986 and 31-10-2002 to be taken up. Thereafter the improvement in pension for retirees after 1-11-2002 may be taken up so that the additional cost can be spread out. The issue of updating the pension at the uniform index of 6352 point was also discussed in the matter and IBA wanted some more working to be done before any decision can be taken in this regard. Discussions on these issues will be further continued....."
https://drive.google.com/file/d/13PGoOO8_9X7icELPVtoaMbkNFnH3ggJ9/view?usp=drivesdk
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After it's latest meeting held at Chennai on 17 12 2022, UFBU simultaneously addressed two separate letters to the CLC as also the IBA in 18 12 2022 requesting to expedite the process as per the understandings already reached at the TRIPARTITE CONCILIATION PRICEEDINGS THAT WAS HELD AT DELHI ON 01 07 2022 (As stated supra) TO AVERT THE DEFERRED STRIKE ACTION!!
https://drive.google.com/file/d/13WUW1-VWrNrx0Bf9HludgMxauNA2VGZC/view?usp=drivesdk
In view of the foregoing developments, let us hope something good to happen soon With the Divine blessings of Matha Kanaka Durga abode इन्द्रकीलाद्रि - विजयवाद Indrakeeladri- Vijayawada, we eagerly look forward to your kind intervention 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.
WITH GREETINGS / REGARDS
| यतो धर्मस्ततो जयः || IS THE ULTIMATE .
I remain – Yours Sir/ Madam ,
దేవులపల్లి శ్రీనివాస మూర్తి
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