My Dear Friends,
UFBU BEING THE SOLE BETRAYAL.. NOW SHAMELESLY CLAIMS AS IT'S ACHIEVEMENT..
Referimg to the above, I Annex here Letter No. OS/8/2023 Date: 04.08.2023 by ALL KERALA BANK RETIREES FORUM (AKBRF) TO UFBU. Contents are self explicit :
దేవులపల్లి శ్రీనివాస మూర్తి HYDEARBAD :: 05 08 2023
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ALL KERALA BANK RETIREES FORUM (AKBRF -Affiliated to NCCPA)
TC 42/2009, BEFI Centre, Mele Thampanoor, Trivandrum 695 001, Kerala
e-mailakbrfkerala@gmail.com
President Genl Secy Treasurer
N.Suresh M.Suresh D.John
9447477984 9447768157 9447021159
No. OS/8/2023 Date: 04.08.2023
Com. Sanjeev K Bandlish
Convenor, UFBU
Dear Comrade,
Hearty Congratulations for having realised a long pending demand of 100% DA neutralization to Pre-2002 Bank Retirees.
But, can the rectification of a mistake made decades back be claimed as an "achievement" as is done by the Bank Unions?
Certainly cannot.
But, we can say, it is a truncated one on the following grounds.
1. It is allowed on a prospective date. Who will bear the enormous loss incurred by them for the last 21 years?
2. Who will make up the financial loss that happened to thousands of Bank Retirees who left this world during the last two decades?
3. What were the obstacles during these two decades preventing us from rectifying the wrong decision taken.
Do you think that this is the only mistake done during the last many Bipartite Settlements, especially towards Bank Retirees?
No. Certainly NOT. We can point out 3 (three) Major mistakes, or mischievous decisions done to the Retirees during the previous so many Bipartite Settlements.
1. Hump increment
Deliberately lowered the last increment in the Scale of Pay only to reduce the amount of Stagnation Increments so that the last drawn Basic Pay is lowered to that extent and pensionary benefits also reduced.
This is unheard of in the history of Wage Revisions of workers in National and International spheres.
This practice is not in the Reserve Bank of India and Life Insurance Corporation of India, and other Financial Sector where similar wage revisions exist (stage to stage fixation) and as such only because of this now a pensioner is losing on an average ₹6000 to ₹10000 monthly.
2. Loading on Basic Salary during 10th and 11th Bipartite Settlements were 2%
and 2.5% respectively and it is not applicable to RBI and LIC Wage Revisions during these periods.
Thus, the architects of the Settlements were virtually denying the increase even after a pension revision is allowed for the Retirees from October 2007 and to such extent all the Retirees for the period.
3. The Special Allowance ranging from 7.75% to 20% for 10th and 11th Bipartite Settlements which attracts DA, but denying Superannuation benefits is a blow to the entire bank employees community is actually a sadistic approach.
It can also be noted that these derogatory clauses are not existing in RBI or in LIC Settlements.
We, the elderly community, are actually concerned about the anti labour formulations.
The important shortcomings of the Settlements is revision of pension is non existent.
This is mainly, we presume, on account of lack of sincerity on the part of negotiators. No sincere attempt was made to prepare the employees to resort to an
agitational path whereas you are propagating anti workers views of the Central Government and Bankers. In the case of RBI, relentless struggles were carried out to High Light the demand and succeed the battle.
You are propagating the wrong argument of the bankers and the central government, that the pension fund is insufficient for revision of pension. You have not verified it, even though it was agreed on 25.5.2015 by a joint note on this subject.
If you are holding a divergent view, please enlighten us on the subject so that we can wait peacefully.
On the other hand, we have collected the ingredients of Pension Fund and allied matters for the years ending 2017, 2018, 2021 and 2022 from all the Public Sector Banks and we have also with us the Annual reports of the Banks.
https://drive.google.com/file/d/15nHxNclSeduE6ZFKYTnmnxLTw2pHIjg0/view?usp=drivesdk
With the above reports and data, it reveals that, in spite of so many omissions and shotcomings on the part of the Bankers regarding Pension Corpus Fund, the Pension revision can be achieved on the lines of RBI and NABARD without any additional financial burden for Bankers.
We have published the details in a Booklet titled "Revision of Bank Employees' Pension is undeniable. It is financially feasible too" which is enclosed here for your reference. We are not repeating the data here.
We request that you may please have a scientific approach and meaningful actions may be chalked out with the active participation of more than 8 laks Retirees community also to achieve the long pending demand of Pension Revision on the lines
of RBI and NABARD.
Comradely yours.
M.Suresh
General Secretary
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