NEW SCHEME OF REIMBURSEMENT OF HOSPITALISATION EXPENSES

ALL INDIA BANK OFFICERS’ CONFEDERATION

Letter No. 2016/12 Date: 04/02/2016

The Chairman,

Indian Banks’ Association,

Mumbai.

Respected Sir,

NEW SCHEME OF REIMBURSEMENT OF HOSPITALISATION EXPENSES

This has reference to the discussions held with you on 03/02/2016 on residual and other issues raised by us before the Dy. CLC(C) on 08/12/2015. During the discussions on the New Scheme of Reimbursement of Hospitalisation Expenses – with specific reference to the reimbursement of the expenses on domiciliary treatment to retired officers - you had categorically stated that IBA was committed to the initial agreement and discussions and United India Insurance Co. Ltd. (UIICL) should honour such claims from retired officers. We were also informed that the last date for enrolling into the Hospitalisation Scheme for the retirees stood extended up to 31/03/2016.

AIBOC GIVES NATION WIDE STRIKE CALL FOR 29TH FEBRUARY, 2016

ALL INDIA BANK OFFICERS’ CONFEDERATION

Circular No. 2016/08                                                                                    Date:11/02/2016

To All Affiliates/Members

Dear Comrades,

AIBOC GIVES NATION WIDE STRIKE CALL FOR 29TH FEBRUARY, 2016
DEMANDS REINSTATEMENT OF COM. P.V. MOHANAN

Our members are aware that Com. P.V. Mohanan, General Secretary of Dhanlaxmi Bank Officers’ Organisation and President of All India Bank Oifficers’ Confederation, Kerala State was terminated from the services of Dhanlaxmi Bank by the Management on June 11th 2015 invoking draconian clause 14(1) of the Service regulations without quoting any reason. The Officers in Dhanlaxmi Bank went on indefinite strike for 33 long days to protest against his termination. The strike was deferred on 14th July, 2015 after the intervention of the Govt. of Kerala. In a discussion between the Management and AIBOC leaders in the presence of Honourable Home Minister of Kerala, there was an agreement that the termination orders of Com. Mohanan will be frozen and within 2 months the issue will be resolved through mutual dialogue. However, the Management chose not to have any discussion with Officers’ Association thereafter and so the issue is not resolved even after seven months of settlement. All formal and informal efforts made by the leadership of AIBOC and DBOO failed.

New Scheme of Hospitalisation Reimbursement

ALL INDIA BANK OFFICERS’ CONFEDERATION

Circular No. 2016/07                                                                              Date:06/02/2016

To All Affiliates/Members

Dear Comrades,

New Scheme of Hospitalisation Reimbursement – Reimbursement of Expenses on Domiciliary Treatment to Retired Officers

We invite the attention of the affiliates/members towards our circular No.2016/06 dated 03/02/2016, wherein, we had conveyed the discussions AIBOC had with IBA on the subject on 03/02/2016. IBA reiterated its stand to enforce United India Insurance Co. Ltd. (UNIICL) to abide by their commitment in honouring reimbursement of domiciliary treatment expenses incurred by the retired officers. Further, it has also extended the last date for joining the New Hospitalisation Scheme upto 31/03/2016.

We now understand that United India Insurance Co. Ltd. had written to the Bank Managements intimating their inability to reimburse the domiciliary treatment expenses to retirees. Further they had also stipulated 20/02/2016 as the last date for the retirees to withdraw from the Hospitalisation Reimbursement Scheme with full reimbursement of the premium.

IBA HELD DISCUSSION WITH AIBOC

ALL INDIA BANK OFFICERS' CONFEDERATION

Circular No. 2016/06                                                                            Date:03/02/2016

To All Affiliates/Members

Dear Comrades,

IBA HELD DISCUSSION WITH AIBOC

RESIDUAL ISSUES OF THE 10TH BIPARTITE SETTLEMENT

& OTHER ISSUES RAISED BEFORE DY CLC (C) ON 08.12.2015

We had requested IBA to arrange for a meeting with our representatives to discuss the latest developments and the developments in the matter of various issues on which we had given a call for one Day Strike on 11.12.2015. Our members are aware that the strike was subsequently called off based on the positive response from IBA in the conciliation meeting held before the Dy. Chief Labour Commissioner (Central) on 08.12.2015. Accordingly, IBA called the meeting today at their Office, which was attended by Com. Y. Sudarshan (President), Com. Harvinder Singh (General Secretary), Com. Dilip Saha (Sr. Vice President), Com. Sanjay A. Manjrekar (Vice President) and Com. M.B.Tripathi (State Secretary, Maharashtra Strate I), on behalf of AIBOC.

We thanked the IBA Officials for calling us for the follow up meeting and requested them to brief us on the steps taken on the assurances given by the IBA on the issues raised by us in the conciliation meeting held before the Dy. Chief Labour Commissioner (C) on 08.12.2015. The representatives of the IBA informed that they have been working on all the issues as advised in conciliation meeting. There after, we took up each of the issues for discussion.

SCALE III TO IV RESULTS CHENNAI ZONE

LIST OF SUCCESSFUL CANDIDATES SCL III TO IV WRITTEN TEST CHANNEL CHENNAI ZONE
SL	NAME	EMP_NO
1	MR.ANADI BISWAS	75247
2	MR.K NAVAJEEVAN	79025
3	MR.G.Z.TUMKUNTE	45534
4	MR.S RAJU	90890
5	MR.RATAN GORAI	72177
6	MR.SUKUMAR BEHERA	87322
7	MR.SHEKHAR RANJAN BASU	42732
8	MR.V S KOHIRKAR	64435
9	MR.RAJENDRA NARAYAN DAS	75291
10	MR.C BALAKRISHNAN	82515
11	MR.AKULA RAMAKRISHNA	63754
12	MR.P V S K MURTHY	47639
13	MR.L JANARDHANAN	48603
14	MR.N.SENTHILNATHAN	55367
15	MR.INDRANIL KUNDU	63277
16	MR.N.CHANDRASEKARAN	43565
17	MR.S H IYER	51037
18	MR.V C RAJAGOPALAN	49466
19	MR.B LAKSHMAN RAO	64619
20	MR.K SUBBA RAO	79217
21	MR.CV PUSHPAHASAN	49490
22	MR.BISWANATH ROY	56885
23	MR.P CHANDRASEKHAR	66087
24	MR.CHERKURI SUBRAMANYAM	59898
25	MR.G S REDDY	66140

SCALE II TO III RESULTS - CHENNAI ZONE

LIST OF SUCCESSFUL CANDIDATES SCL II TO III WRITTEN TEST CHANNEL CHENNAI ZONE
Sl	NAME	EMP_NO
1	MR.BOOPALAN N	082522
2	MR.M PICHAYYA	090677
3	MR.R RAJASEKARAN	082403
4	MR.C S ASHOKAN	082616
5	MR.M KRISHNAN	045560
6	MR.M.NATARAJAN	048314
7	MR.N.V. MANIYAN	043601
8	MR.S. VELAYUTHAM	082224
9	MR.RAMAN S	062739
10	MR.SRINIVASAN V A	082527
11	MR.PANDEY D K	081538
12	MR.VENKATARAMAN S	082215
13	MR.T K MANOJKUMAR	062699
14	MR.T PRADEEP	058020
15	MR.K K BALAKRISHNAN	058278
16	MR.N JAIRAM	062724
17	MR.K.S.SUBRAMANIAN	082303
18	MR.L.N.KANNAN	056190
19	MR.K.K.HARIDAS	041539
20	MR.K KANNAN	082767
21	MR.S. BABURAJ	082032
22	MR.V.P. MANOHARAN	090725

SCALE I TO II RESULTS

LIST OF SUCCESSFUL CANDIDATES      SCALE I TO II WRITTEN TEST CHANNEL          CHENNAI ZONE
Sl	NAME	EMP_NO
1	MR.ARUMUGHAM R D	062735
2	MS. SANGITA KUMARI	090087
3	MR.K K JINAN	090717
4	MR.K C AJITHKUMAR	090724
5	MR.S RAVICHANDRAN	082691
6	MS. R KASTURI BAI	063705
7	MR.C G MALLAIAH	079492
8	MR.V.PITCHAI	056176
9	MR.N.SEETHARAMAN	090530
10	MR.T.S.RAVI	049805
11	MR.ARAVIND KUMAR	090091
12	MR.P.DHANABALAN	048326
13	MR.C.ARUMUGAM	083305
14	MR.MITHILESH KUMAR	090093
15	MR.K.MANIKAM	058242
16	MR.L.THANGARAJAN	049280
17	MR.J.KARUNAKARAN	082237
18	MR.MURUGESAN P	056187
19	MR.MANISH KUMAR CHOUDRY	090099
20	MR.SAMIAPPAN G	039163
21	MR.THANGARAJ K	056180
22	MR.SHANKAR RAJAK	090102
23	MR.KULDEEP KUMAR CHANDAN	090107
24	MR.NAVEEN KUMAR	090116
25	MR.SUSHIL KUMAR	090115
26	MR.ALEXANDER SHEELANAND BODRA	090089
27	MR.MRITUNJAY KUMAR	068440
28	MR.CHETAN KUMAR	090070
29	MR.PRAMOD KUMAR	090067
30	MR.VIVEK KUMAR	090064
31	MR.JINENDIRAN N	082694
32	MR.RAJAGOPAL P S	090533
33	MR.SRINIVASAN B	062664
34	MR.BALAJI S T	056350
35	MR.SANJAY KUMAR	090085
36	MS. LALITA KUMARI	090086
37	MR.SUDHEER PAZHAYAKOVILAKATH	090711
38	MR.K RAMESH	058532
39	MR.M GOPINATHAN	078567
40	MR.BIJU U	090890
41	MR.A SETHUNATHAN	082012
42	MR.R MADHESWARAN	082839
43	MR.V SEDHURAMAN	082559
44	MR.K VIPIN	090927
45	MR.DIVYENDU KUMAR	090079
46	MR.K RAMASUBRAMANIAM	047847
47	MR.D GANESH SUBRAMANIAM	083695
48	MR.KAILASH TIWARI	060931
49	MR.SUMANKUMAR	090083
50	MR.D PUSHPARAJ	048361
51	MR.UMESHKUMAR	090066
52	MR.T.SELVARAJ	082252
53	MR.P.DHAVASUKANNAN	045400
54	MR.S.ALAGUSUBRAMNIAN	090656
55	MR.N.DAVID EDWIN RAJKUMAR	090883
56	MR.R.K.RAMANATHAN	047843
57	MR.R.PRADEEP PANDIAN	090832
58	MR.ANANDKUMAR	090095
59	MR.S.RAJADURAI	082432
60	MR.SUBRAMANIAN S	058167
61	MR.YADVESH BHASKAR	090096
62	MR.KUMAR ABHINAV	090100
63	MR.AVINASH KUMAR	090098
64	MR.KUMAR UPENDRA	080144
65	MR.MUTHUSAMY N	064036
66	MR.SETHURAMAN S	051082
67	MR.SURESH BABU T K	045347
68	MR.SREEKUTTAN A	090103
69	MS. R. LATHA	067951
70	MR.P.O. MANOJ KUMAR	090795
71	MS. ANJU ANN GEORGE	090106
72	MR.AJAYAKUMARAN NAIR	048776
73	MR.R.P. RESMY	082968
74	MR.D. SURENDRAN PILLAI	056655
75	MR.S.D. SUHRUTH	082009
76	MS. V.P. ANJANA	090707
77	MR.G. ANILKUMAR	082467
78	MR.SABU ZACHARIAH	082497
79	MR.M.B. HARIKUMAR	082492
80	MS. SAAJI P OOMMEN	082726

AIBOC CIRCULAR NO:09 DT.01.02.2010

We reproduce herewith AIBOC circular no.09 dt.01.02.2010 for our viewers
CIRCULAR NO.09 Dt.01-02-2011

TO ALL AFFILIATES/MEMBERS

DEARNESS ALLOWANCE

The Index Numbers for the quarter ended December 2010 are as under:

MONTH INDEX AS PER CONVERSION INDEX AS PER
2001 SERIES FACTOR 1960 SERIES

Oct- 2010 181 4.63 x 4.93 4131.49
Nov 2010 182 4.63 x 4.93 4154.31
Dec 2010 185 4.63 x 4.93 4222.79

Total 12508.59

Average = 12508.59/3 4169.53

Difference in excess of 2836 points 1333.53
D.A.paid for the previous quarter on (i.e. 308x4) 1232.00
Difference 101.53
Increase in number of Slabs = 101.53/4 = 25.38
Accordingly, Dearness Allowance is payable to Officers on 333 (i.e. 308+25)
slabs with effect from 01-02-2011 as against 308 slabs for the previous quarter.
The rates of Dearness Allowance at various stages of basic pay are furnished overleaf. The rates worked out are as per the industry level scales upto Scale VII including SBI.

With greetings,

(G.D. NADAF)
GENERAL SECRETARY

CIRCULAR NO. 130 Dated 20.09.2010

We reproduce herewith the circular no130 dated 20.09.2010 issued by AIBOC for our viewers

To ALL AFFILIATES /MEMBERS


MAN POWER PLANNING
RAISING RETIREMENT AGE OF OFFICERS

In the Common Charter of Demands submitted to the IBA on 29th October 2007. by the four Officers’ Organisations in the Banking Industry viz AIBO, AIBOA, INBOC & NOBO, the following demands were raised.

i)To raise the retirement age of Officers in the Banking Industry from the present 60 to 65 years; and
ii).To change the date retirement of those born on the 1st of the month to the last day of the month of birth instead of last day of the previous month.

2. Due to paucity of time, on account of prolonged negotiations for new wage structure these demands could not be discussed and finalized before signing of the 9th Bipartite settlement. We have now addressed a letter to the Chairman IBA, the text of the same is reproduced here in under

3. We will keep you advised of the developments in the matter


Sd
(G D NADAF)
GENERAL SECRETARY


NO: 1452/ 320/10 20th Sept. 2010

The Chairman
Indian Bank’s Association
Stadium House
6th Floor, Block 3,
Veer Nariman Road
Mumbai- 400 020

Dear Sir,

MANPOWER PLANNING
RAISING RETIREMENT AGE OF OFFICERS

Please refer to the common Charter of Demands submitted to the IBA on the 29th October 2007 on behalf of four Officers’ Organisations in the Banking Industry viz. AIBOC, AIBOA, INBOC & NOBO, wherein the following demands have been raised:

(i) To raise the retirement age of Officers in the Banking Industry from the present 60 years to 65 years; and
(ii) To change the date of retirement of those born on the 1st of the month to the last day of the month of birth instead of last day of the previous month.

2. Due to paucity of time on account of prolongation of negotiations for new wage structure 2nd option on Pension etc. a number of important issues like the demand for regulated working hours, 5 day week, revision in staff loan schemes, improvements in the area of vigilance and disciplinary proceedings and the abovementioned issue of raising the retirement age effective date of retirement could not be discussed and finalized before signing of the 9th bipartite settlement. While we request you to direct the IBA team to resume discussions on these issues, there is an urgent need to consider our demand regarding raising the retirement age of the officers in the banking industry from 60 years to 65 years or at least upto 62 years immediately. In support of this important and genuine demand, we would like you to consider the following submissions: -

(i) In the worst ever global recession witnessed recently, public sector banks in our country provided a contrast with their excellent performance thereby silencing our detractors and faith of the general public in them has not only been redeemed but has been fortified;
(ii) Armed with technology upgradations and new business processes in place coupled with renewed faith of people in them, the PSBs are poised to grow and multiply their business at a much faster pace in the coming years;
(iii) The manpower planning in Banks has been absent for decades and recruitment of officers and employees has failed to keep pace with the growth of these banks;
(iv) There have been large scale retirement of the existing staff in the last few years and this position is likely to worsen further as employees recruited upto 1972-74 are all going to retire by 2011-12;
(v) The above factors have inevitably led to a huge shortage of manpower. As per a study conducted by Boston Consultancy Group, it is estimated that the PSBs shall need over 5 lakh employees over the next few years. The actual requirement will, in fact, be much higher;
(vi) It will be well nigh impossible to undertake and provide recruitment of such a massive magnitude keeping in view the low compensation package, general reluctance of quality personnel to come over to the banks due to long working hours, higher risks involved coupled with a draconian disciplinary and vigilance system. Moreover, the attrition rate among the new recruits in the banks is alarming;
(vii) Resultantly, there already is and will continue in greater measure an abject shortage of trained, skilled and experienced workforce particularly the Officers. To some extent, this shortage is being reduced by appointing officers on contract basis after retirement, which is fraught with risk;
(viii) The life expectancy in India has gone up considerably and employees are able to maintain good health and efficiency upto the age of 70-75 years. A number of retirees seek employment elsewhere mainly with our competitors. Thus, the experience and expertise gained by them by working in public sector comes handy to the financial institutions in the private sector;
(ix) A good chunk of new recruits after gaining experience in PSBs are quitting and joining the new generation private banks;
(x) It was for these reasons that, the recently appointed Khandelwal Committee was strongly of the view to raise the retirement age in the PSBs to 62 years. They had reportedly made a presentation to this effect before the media and others but somehow in their final report they refrained to make this much needed recommendation.

3. In the changed scenario, The Government of India has been permitting to raise the retirement age in certain sectors like education, health judiciary etc. This is required in equal measure in banks on account of the above stated compelling factors.

4. Hence, we reiterate our demand to raise the retirement age of bank officers across the board right upto top executive level, in the interest of progress and growth of Public Sector Banks, which are the backbone of our economy and for better utilization of talent and experience acquired by officers after working over 2-3 decades or more in the banks.

5. We shall be glad to have your positive response on our genuine demand in the interest of the PSBs, as well.

Thanking You,

Yours faithfully,

(G D NADAF)
GENERAL SECRETARY

AIBOC CIRCULAR NO:125 DT.28.08.2010

AIBOC issued its circular No. 125 on 2nd option for pension to the officers who retired under VRS of the individual banks. We are reproducing the same here for our readers.

CIRCULAR NO: 125 28th AUGUST, 2010

TO ALL AFFILIATES/MEMBERS:

ANTOHER OPTION TO JOIN THE PENSION SCHEME TO THOSE WHO DID NOT OPT FOR PENSION EARLIER - THE CASE OF OFFICERS WHO RETIRED UNDER VOLUNTARY RETIREMENT SCHEME OF THE INDIVIDUAL BANKS

We have addressed a letter to the Chairman, Indian Banks’ Association on the captioned issue, urging upon him to accord an option to those officers who retired under Voluntary Retirement Scheme of individual Banks to join the Pension Scheme now settled as per the Joint Note dated 27.04.2010.

A copy of the letter is annexed to this and the same is self-explicit.

We request the members to have patience.

With warm greetings,
Sd/-
(G.D. NADAF)
GENERAL SECRETARY

No./1452/302/10 28.08.2010

To,
The Chairman,
The Indian Banks’ Association,
World Trade Centre Complex,
Centre 1, 6th Floor, Cuffe Parade,
MUMBAI – 400 005.

Dear Sir,

JOINT NOTE WITH OFFICERS’ ORGANISATIONS FOR EXTENDING ANOTHER OPTION TO JOIN THE PENSION SCHEME TO THOSE WHO DID NOT OPT FOR PENSION EARLIER

We draw your kind attention to the letter issued by IBA vide CIR/HR&IR/G-2/665/90/2010-11/999 dated 10.08.2010, Para 13, wherein, interalia, it is indicated that, “In terms of Memorandum of settlement dated 27th April, 2010, in the case of workmen employees and Joint Note dated 27th April, 2010, in case of officer employees, those who ceased to be service on account of retirement on superannuation, death or on account of VRS under special scheme prior to 27th April, 2010 but after 29th September, 1995 from Nationalised Banks and after 26th March, 1996 from Associated Banks of State Bank of India are eligible to opt for joining the Pension Scheme now as retired employees subject to terms and conditions stipulated. Those who were in the service of the Banks as on 27th April, 2010 will be eligible to join the Pension Scheme as serving employees subject to the terms and conditions”.

We wish to inform you that the above statement totally negates the contents of the Joint Note on agreed conclusions reached on 27.04.2010 between Indian Banks’ Association on behalf of the Managements of Banks and All India Bank Officers’ Confederation (AIBOC). Nowhere in the original Joint Note dated 27.04.2010 it is mentioned that the Officers who ceased to be in service on account of retirement on superannuation, death or on account of VRS under special scheme; only are eligible to opt for joining the pension scheme now, as retired employees and the above position is in total contradiction of the agreed conclusions in the Joint Note dated 27.04.2010.

We draw your kind attention, to the Joint Note dated 27.04.2010, item No. 3(a), under the caption “The parties held various rounds of discussions in the matter and have now reached conclusions as set out hereunder:

Another Option for joining the existing Pension Scheme shall be extended to those officers who “were in the service of the Bank prior to 29th September, 1995 in case nationalised Banks/26th March, 1996 in case of Associate Banks of State Bank of India and retired after that date and prior to the date of this Joint Note”.

The Joint Note makes a mention about the officers, who retired under special Voluntary Retirement Scheme: 2000 mooted by the Govt. of India. Please refer clause No.8 of the Joint Note, which states that:

“Pension/Family Pension to those who opt to join the Pension Scheme complying with the terms of this Joint Note shall be payable with effect from 27th November, 2009, provided that Officers who “retired” after that date shall get pension from the respective dates of their retirement. All the Regulations of the Bank Employees’ Pension Regulations 1995/1996 shall be applicable to those who opt for the Pension Scheme in terms of this Joint Note except to the extent mentioned in the foregoing clauses of this Joint Note”.

As the Joint Note provisions are bound by the Bank Employees’ Pension Regulations 1995/1996, all the “retirees” who retired from the service of the Banks during the period 29.09.1995 and 27.04.2010 are eligible to opt for the Pension Scheme introduced now. It is pertinent to note here the provisions of the Bank Employees’ Pension Regulations 1995/1996, as to the definition of “Retirement”, eligibility criteria for opting for Pension etc.

We invite your kind attention to the following:

Chapter: I: Preliminary:
Definitions:

“Date of Retirement” means: “The last date of the month in which an employees attains the age of superannuation or the date on which he is retired by the Bank or the date on which the employee voluntarily retires or the date on which the officer is deemed to have retired”.

“Retirement” means cessation from Bank’s service:

Ø On attaining, the age of “Superannuation” specified in service Regulations or settlements.
Ø On “Voluntary Retirement” in accordance with provisions contained in Regulation 29 of these Regulations.
Ø On “Premature retirement” by the Bank before attaining the age of superannuation specified in Service Regulations or settlement.

Chapter V: Classes of Pension: Regulation 29: Pension on Voluntary Retirement:

(i) On or after the 1st day of November, 1993 at any time after an employee has completed twenty years of qualifying service he may, by giving notice of not less than three months notice in writing to the appointing authority, retired from service

Provided that this sub-regulation shall not apply to an employee who is on deputation or study leave abroad unless, after having been transferred or having returned to India he has resumed the charge of the post in India and has served for a period of not less than one year;

Provided further that this sub-regulation shall not apply to an employee who seeks retirement from service for being absorbed permanently in an autonomous body or a public sector undertaking or company or institution or body whether incorporated or not to which he is on deputation at the time of seeking voluntary retirement.

Provided that this sub-regula¬tion shall not apply to an employee who is deemed to have retired in accordance with clause (I) of regulation 2.

(ii) The notice of voluntary retirement given under sub-regulation (1) shall require acceptance by the appointing authority.

Provided that where the appointing authority does not refuse to grant the permission for retirement before the expiry of the period specified in the said notice, the retirement shall become effective from the date of expiry of said period.

(iii) (a) An employee referred to in Sub-regulation may make a request in writing to the appointing authority to accept notice of voluntary retire¬ment of less than three months giving reasons thereof

(b) On receipt of a request under clause (a), the appointing authority may subject to the provisions of sub-regulation (2), consider such request for the curtailment of the period of notice of three months on merits – and if it is satisfied that the curtailment of the period of notice will not cause any administrative inconvenience, the appointing authority may relax the requirement of notice of three months on the condition that the employee shall not apply for commutation of a part of his pension before the expiry of the period of notice of three months.

(iv) An employees, who has elected to retire under this regulation and has given necessary notice to that effect to the appointing authority, shall be precluded from withdrawing his notice except with the specific approval of such authority; provided that the request for such withdrawal shall be made before the intended date of his retirement.

(v) The qualifying service of an employee retiring under this regulation shall be increased by a period not exceeding five years, subject to the condition that the total qualifying service rendered by such employee shall not in any case exceed thirty-three years and it does not take him beyond the date of superannuation.

(vi) Pension of an employee retiring under this regulation shall be based on the average emoluments as defined under clause (d) of regulation 2 of these regulations and the increase not ex¬ceeding five years in his qualifying service shall not entitle him to any notional fixation of pay for the purpose of calculating his pension.

You may be aware of the fact that there is a provision in the Bank Officers’ Service Regulations 1976/1979 for taking “Voluntary Retirement” which was introduced in some Banks in the late 80’s. Rules regarding Voluntary Retirement of Officers under proviso to Regulation (1) of Officers’ service Regulations, make it abundantly clear that:

“a. An Officer employees retiring voluntarily shall be entitled to all benefits available under the normal retirement in accordance with the provisions of Officers’ Service Regulations, including encashment of accumulated privilege leave as also all other terminal benefits”.

Therefore, it is very clear that the Bank’s Voluntary Retirement Scheme is as per the Officers’ Service Regulations which are approved by the Central Government. Thus, it can be concluded that the VRS Scheme introduced by the Banks is the Government approved Scheme.

From the above it is crystal clear that an officer having completed 20 years of service and who gives 3 months notice to retire from service and is permitted to retire under VRS, is entitled for pension option now.

From the foregoing it is crystal clear that the “retirees” for the purpose of opting for Pension as per the Joint Note dated 27.04.2010 comprise:

Ø Officers who have retired from the service of the Bank on attaining superannuation i.e., after attaining 58/60 years of age as per Service Regulations.

Ø Officers who have retired under the “Voluntary retirement Scheme” of the Bank after completing 20 years of service, in conformity with Officers’ Service Regulations

Ø Officers who retired voluntarily in conformity with the provisions of Regulation 29 of Bank Employees’ Pension Regulations, 1995/1996 under the Voluntary Retirement Schemes of the Banks.

Ø Officers who retired from the service of the Bank on account of voluntary Retirement under special scheme: 2000 after rendering a minimum service of 15 years.

Ø Officers who were retired by the Bank on account of orders of the Bank to retire prematurely including employees who are compulsorily retired from service as a penalty on or after 29.09.1995 but before 27.04.2010.

In this background your communication restricting the Pension Option only the Officers who:

Ø retired on superannuation

Ø death

Ø retired on account of VRS under special scheme

and precluding the officers who voluntarily retired from the service of the Bank is a unilateral, arbitrary decision and therefore we request you to issue a corrigendum to your circular letter dated 10.08.2010 to the above effect immediately. We have been informed by some of our affiliates that you have offered clarification to the effect that the officers who have retired under normal Voluntary Retirement Scheme of the Bank are not eligible for pension, has come as a shocking surprise to us.

Moreover, the provisions of the Bipartite settlement dated 29.10.1993 have not been amended/modified or superseded by the Joint Note and therefore your communication dated 10.08.2010 is ultra-vires the Bank Employees’ Pension Regulations 1995.

We wish to reiterate that your communication is totally misleading, in abject contradiction of what is stated in the Joint Note dated 27.04.2010 and in contravention of the Bank Employees’ Pension Regulations 1995/1996. It is totally unjust and discriminatory and we once again request you to correct the position and issue a communication stating that the officers who have retired under Voluntary Retirement Schemes of the individual Banks, the Officers who are prematurely retired on account of imposition of punishment such as Compulsory Retirement etc., are also eligible to opt for Pension in conformity with the Joint Note dated 27.04.2010.

We request you to arrange for a meeting with us to have a thorough discussion on this matter, which calls for your immediate attention.

An early action in this regard is highly appreciated.

Thanking you,
Yours faithfully,
Sd/-
(G.D. NADAF)
GENERAL SECRETARY

CIRCULAR NO:120 DATE: 13.08.2010

CIRCULAR NO:120 DATE: 13.08.2010

TO ALL AFFILIATES/MEMBERS:

PENSION SCHEME IN BANKING INDUSTRY

2ND OPTION IS AT YOUR DOOR STEPS ACT NOW – EXERCISE YOUR OPTION QUICKLY

Comrades, the long cherished demand of over 3,00,000 lac serving and 65,000 retirees for joining the Pension Scheme is now a reality. The settlement on 2nd option on Pension which was signed by the Confederation marks the golden moment in the history of our organisation. It was no doubt a Herculean task but a fruitful one in the ultimate analysis. We have already circulated a detailed Circular on the issue covering the salient features of the Scheme as well as the procedure to be followed to join the Pension Scheme as advised by the Indian Banks’ Association based on the agreements signed by the unions in the Banking Industry. The Confederation had earlier brought out a comprehensive booklet on the subject in order to bring clarity in the minds of all those officers who were awaiting the opportunity and were in confusion due to the mischievous propaganda of the disgruntled elements in some of the rival unions both in the Clerical as well as Officers’ organisations. We found that the publication was well appreciated and the people were following the developments on the day to day basis.
2. The time for action on part of the beneficiaries both serving as well as the retirees has now arrived. They are required to submit their option letter within the time limit prescribed by the respective banks on the basis of the procedure advised by the Indian Banks’ Association. In order to facilitate the completion of the exercise in good time without waiting till the last moment, we furnish copies of the option letters which can be used by the members of our organisation. We are conscious of the elaborate arrangements that are required to be gone through. However, as a responsible organization we need to act on our own to avoid delay in the completion of the formalities to enable our members avail the benefit of the Pension Scheme. Hence, we suggest to our affiliates:-
a) To printout sufficient number of copies of the letter sent by IBA to all the banks and circulate the same amongst the eligible members;

b) Print out sufficient number of Option Letters as per the draft sent by IBA and campaign amongst the members for submission of the same with the necessary advice as regards the payment of their contribution etc., there are two separate drafts for submission of option to the Banks. The first one is in respect of serving and the second one is in respect of the retirees/family members of the retirees. Copies of both the drafts are enclosed;
c) The Affiliates will have a special responsibility as far as the retirees are concerned. They have to approach each and every member as a part of service to our senior comrades either directly with the available addresses or through the help of the Pensioners’ Associations from their respective organisations;
d) A special attention should be given to the family members of the deceased employees since they may not have the contact with the institution or the organisations. The Association using the organizational infrastructure should reach each and every members of the deceased family and render all assistance, so that the benefit of the 2nd option is made available to them;
e) The affiliates should hold meetings at all levels and address all those serving members who are eligible for the scheme and clarify all the doubts and motivate them to join the scheme without further delay;
3. Comrades, we have a special responsibility in ensuring the extension of the 2nd option on Pension to 100% of the members who are eligible as well as those who have already retired and then only we will be fulfilling the dream of our colleagues in the real sense. There is no question of any laxity on part of any one as regards the campaigning and coverage of the scheme, since we have fought tooth and nail to ensure that the 2nd option becomes a reality to our members.
4. All our affiliates/members are requested to await further developments in the matter.
With greetings,

(G.D.NADAF)
GENREAL SECRETARY





























































CIRCULAR NO:120 DATE: 13.08.2010

TO ALL AFFILIATES/MEMBERS:

PENSION SCHEME IN BANKING INDUSTRY
2ND OPTION IS AT YOUR DOOR STEPS
ACT NOW – EXERCISE YOUR OPTION QUICKLY
Comrades, the long cherished demand of over 3,00,000 lac serving and 65,000 retirees for joining the Pension Scheme is now a reality. The settlement on 2nd option on Pension which was signed by the Confederation marks the golden moment in the history of our organisation. It was no doubt a Herculean task but a fruitful one in the ultimate analysis. We have already circulated a detailed Circular on the issue covering the salient features of the Scheme as well as the procedure to be followed to join the Pension Scheme as advised by the Indian Banks’ Association based on the agreements signed by the unions in the Banking Industry. The Confederation had earlier brought out a comprehensive booklet on the subject in order to bring clarity in the minds of all those officers who were awaiting the opportunity and were in confusion due to the mischievous propaganda of the disgruntled elements in some of the rival unions both in the Clerical as well as Officers’ organisations. We found that the publication was well appreciated and the people were following the developments on the day to day basis.
2. The time for action on part of the beneficiaries both serving as well as the retirees has now arrived. They are required to submit their option letter within the time limit prescribed by the respective banks on the basis of the procedure advised by the Indian Banks’ Association. In order to facilitate the completion of the exercise in good time without waiting till the last moment, we furnish copies of the option letters which can be used by the members of our organisation. We are conscious of the elaborate arrangements that are required to be gone through. However, as a responsible organization we need to act on our own to avoid delay in the completion of the formalities to enable our members avail the benefit of the Pension Scheme. Hence, we suggest to our affiliates:-
a) To printout sufficient number of copies of the letter sent by IBA to all the banks and circulate the same amongst the eligible members;

b) Print out sufficient number of Option Letters as per the draft sent by IBA and campaign amongst the members for submission of the same with the necessary advice as regards the payment of their contribution etc., there are two separate drafts for submission of option to the Banks. The first one is in respect of serving and the second one is in respect of the retirees/family members of the retirees. Copies of both the drafts are enclosed;
c) The Affiliates will have a special responsibility as far as the retirees are concerned. They have to approach each and every member as a part of service to our senior comrades either directly with the available addresses or through the help of the Pensioners’ Associations from their respective organisations;
d) A special attention should be given to the family members of the deceased employees since they may not have the contact with the institution or the organisations. The Association using the organizational infrastructure should reach each and every members of the deceased family and render all assistance, so that the benefit of the 2nd option is made available to them;
e) The affiliates should hold meetings at all levels and address all those serving members who are eligible for the scheme and clarify all the doubts and motivate them to join the scheme without further delay;
3. Comrades, we have a special responsibility in ensuring the extension of the 2nd option on Pension to 100% of the members who are eligible as well as those who have already retired and then only we will be fulfilling the dream of our colleagues in the real sense. There is no question of any laxity on part of any one as regards the campaigning and coverage of the scheme, since we have fought tooth and nail to ensure that the 2nd option becomes a reality to our members.
4. All our affiliates/members are requested to await further developments in the matter.
With greetings,

(G.D.NADAF)
GENREAL SECRETARY

CIRCULAR NO:117 DATE: 08.08.2010

We reproduce herewith CIRCULAR NO:117 DATED: 08.08.2010 for our viewers

TO ALL AFFILIATES/MEMBERS:

REVIEW OF FESTIVAL ADVANCE

One of the issues that came up for discussion in the Executive Committee of the Confederation held at Mumbai on 30th and 31st July 2010 was the need for revision in the current ceiling of Festival Advance. We have to-day sent our communication to IBA seeking revision in the ceiling of Festival Advance. A copy of our communication is enclosed.
2. All our affiliates/members are requested to await further developments in the matter.
With greetings,

(G.D.NADAF)
GENREAL SECRETARY



No.1452/ 272/10 08.08.2010
To,
The Chairman,
The Indian Banks’ Association,
World Trade Centre,
MUMBAI – 400 020.


Dear Sir,
ENHANCEMENT OF CEILING ON FESTIVAL ADVANCE

The Officers are eligible for Festival Advance once in a year as per their choice of Festival. The ceiling on Festival Advance is being prescribed by the Indian Banks’ Association at periodical intervals at the request of the Confederation.
2. We have been receiving a number of representations from the various parts of the country from the Officers’ fraternity, that the current ceiling will have to be revised and hence needs a review by the Indian Banks’ Association. The Executive Committee of the Confederation which met at Mumbai on 30th and 31st July, 2010 also had an occasion to deliberate on the issues that are to be sorted out between the IBA and the Confederation. The Committee was unanimous that the issue of enhancement of Festival Advance is one such issue requiring immediate solution from the IBA. We suggest to link the festival advance equal to two months Basic pay, repayable in 10 monthly installments. We therefore request you to kindly look into the matter and take necessary steps for the enhancement of the Festival Advance as suggested by us.

3. Please treat the matter as urgent.

Thanking you,

Yours faithfully,

(G.D.NADAF)
GENERAL SECRETARY

CIRCULAR NO: 115 DATE: 06.08.2010

we reproduce herewith CIRCULAR NO: 115 DATED: 06.08.2010 for our viewers:-

TO ALL AFFILIATES/MEMBERS:

MINIMUM PENSION / FAMILY PENSION

As a sequel to the revision of Pay scales under the 9th Bipartite settlement, the Family Pension and Minimum Pension payable have been revised and we reproduce herein the text of IBA Circular No.714 dated 02.07.2010 in this regard, which is self-explicit.
2. Affiliates / Members are requested to take note of the same.


(G.D.NADAF)
GENERAL SECRETARY

TEXT

IBA CIRCULAR NO.CIR/HR & IR/ G2 / 90 / 665 / 2010-11/ 714 dt. July 2, 2010

Designated Officers of Member BanksWhich are parties to the Bipartite Settlement

Dear Sirs,

Revision in Pension of employees who retired on or after 1.11.07 consequent upon the wage revision as per 9th Bipartite Settlement and Joint Note dated 27.4.2010

Please refer to our letters No.CIR/HR&IR/76/90/665/2010-11/269 dated 08.05.10 and No.CIR/HR&IR/G2/665/90/2010-11/626 dated 18.6.10 with regard to wage revision to Award Staff/Officers respectively in terms of Bipartite Settlement/Joint Note dated 27.4.10.

Consequent upon the above wage revision, the pension, dearness relief, family pension, minimum pension, etc., payable in respect of those employees who ceased to be in service on or after 01.11.07 and are eligible for pension need to be revised. We give below for your guidance, the details in this regard. Pending amendments to Pension Regulations, Banks may effect the revision.


(I) PENSION:

The basic pension will be revised on the basis of the revised pay w.e.f. 01.11.07.

(II) DEARNESS RELIEF:

The dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every 4 points over 2836 points in the monthly average of All India Consumer price index for Industrial Workers in the series 1960 = 100 at the rate 0.15 per cent of basic pension.

(III) FAMILY PENSION:

In respect of employees (other than part-time employees) who retire /retired from service on or after 01.11.07 the ordinary rate of pension shall be as under:

Scale of pay per month Amount of monthly family pension
Upto Rs.7,090/- 30 per cent of the ‘pay’ shall be the basic family pension plus 30 percent of allowances which are counted for making contributions to Provident Fund but not for dearness allowance shall be the additional family pension. The aggregate of basic and additional family pension shall not be less than Rs.1,779 per month.
Rs.7,091 to Rs.14,180 20 per cent of the ‘pay’ shall be the basic family pension plus 20 per cent of allowances which are counted for making contributions to Provident Fund but not for dearness allowance shall be the additional family pension. The aggregate of basic and additional family pension shall not be less than Rs. 2,186 per month.
Above Rs. 14,181 15 per cent of the ‘pay’ shall be the basic family pension plus 15 per cent of allowances which are counted for making contributions to Provident Fund but not for the dearness allowance shall be the additional family pension. The aggregate of basic and additional family pension shall not be less than Rs.2,841 per month and more than Rs. 5,930 per month

Note: In the case of part-time employees, the minimum amount of family pension and the maximum amount of family pension shall be in proportion to the rate of scale wages drawn by the employee.

(IV) MINIMUM PENSION:

In respect of employees other than part-time employees, who retired on or after 01.11.07, the amount of minimum pension shall be Rs. 1,779 p.m.

In respect of part-time employees who retired on or after 1.11.07, the minimum pension payable shall be:

Rs. 595 p.m. in respect of part time employees drawing 1/3 scale wages,
Rs. 892 p.m. in respect of part time employees drawing 1/2 scale wages and
Rs. 1,339 p.m in respect of part time employees drawing 3/4 scale wages.

Pending amendments to Bank Employees’ Pension Regulations, 1995, banks may compute pension as above. Before, however, giving effect to the revised pension, a suitable undertaking may be obtained from the pensioners as well as from family members/nominees, to enable the pension fund to make adjustments, if any, at a later date. We are enclosing a draft of the irrevocable letter to be obtained from the pensioners. Member banks may please be guided as above.



Yours faithfully,
Sd/-
(M.VENUGOPALAN)
OFFICER ON SPECIAL DUTY

CIRCULAR NO:101 dt.19.07.2010

We reproduce herewith the circular no:101 dt.19.07.2010 issued by AIBOC for our readers.

CIRCULAR NO:101 DATE: 19.07.2010

TO ALL AFFILIATES/MEMBERS:

IMPROVEMENTS IN HOUSING AND CONVEYANCE LOAN

Our members are aware that the Confederation had included in their charter of demands the need for improvements in the present Housing Loan and Conveyance Loans, keeping in tune with the increased cost of construction and the price of the 4 wheeler vehicles in the market. The issue could not be taken to logical end due to paucity of time. Hence we have to-day sent a communication to the IBA on the subject. A copy of the same is enclosed.

2. All our affiliates/members are requested to await further developments in this regard.
With greetings,

(G.D.NADAF)
GENERAL SECRETARY



No./1452/217/10 21.07.2010

To,
The Chairman,
The Indian Banks’ Association,
World Trade Centre,
MUMBAI – 400 020.

Dear Sir,
HOUSING AND CONVEYANCE LOANS TO OFFICERS
One of the residual issues under non-monitory category was the revision of the ceilings in respect of the Housing as well as Conveyance Loans to Officers in the Banking Industry, is yet to be sorted out. The last revision in these category of loans was almost outdated in view of the tremendous escalation in the cost of construction and the increase in the price of the 4 wheeler vehicles to a great extent.
2. The issue although flagged as an important one in the negotiations on the Charter of Demands submitted by us, in view of the paucity of time, it was decided to take up the issue separately on completion of the agreement on the 2nd option on Pension as well as Salary Revision. We have been receiving anxious enquiries from our members all over the country that the existing housing loan scheme should be very comprehensively revised on the basis of market rates in order to facilitate them to own their houses. The present ceilings are grossly inadequate and they are compelled to borrow the shortfall at a higher rate of interest.
3. The issue was an industry level one. However, due to the steep rise in the cost of construction, the managements of some of the banks through a bipartite settlement have raised the ceiling and also some of the provisions of the terms of the housing loan in order to facilitate their members to go in for owning of their own houses. The State Bank of India came out with a very comprehensive scheme as per the settlement reached with their Federations to provide relief to officers to meet the escalation in the cost of construction. Thereafter few other banks also followed suit. We understand that recently, the Managements of Bank of Baroda, Union Bank of India , Bank of India and Indian Overseas Bank have also extended similar benefits to their employees through bilateral settlements.
4. It is in this background, there is an urgent need to review the existing scheme as demanded by the Confederation in their Charter of Demands. We furnish below the extracts of our Charter of Demands in respect of the Loans schemes that are to be revised.
Loans and Advances:
Housing Loan: The existing ceiling on Housing Loan should be enhanced to Rs. 30 lacs with the repayment period spanning upto 30 years.
Rate of Interest:
Schedule should be fixed in such a way that the officers are not put to hardship with a provision for re-payment from their pension even after their retirement, upto the age of 75 years.
The premium on insurance of loan amount should be met by the banks.

Festival Advance:

An interest free Festival Advance of 3 months’ gross salary should be granted. The repayment schedule can be extended from 12 months to 18 months.
Conveyance Loan:

The quantum of conveyance loan to all officers to be raised to Rs. 10/- lacs at 2% p.a interest.
Other Loans:

The quantum of clean O.D. should be doubled, at 2% interest p.a.
Education Loan:

The Wards of officers should be eligible for grant of education loans, free of interest during their study period. The loans may be recovered after their employment at 2% p.a. In view of transferability of officers, lack of priority in central schools etc., IBA should start schools atleast in Metros to ensure uninterrupted education of children of bank officers.
On the death of officer, all loans should be waived.

5. We therefore request you to kindly take a positive view and consider our demand positively. In case further details and discussions are required we request you to kindly arrange to convene a meeting at an early date to enable us to place our views on the subject for your immediate consideration.
6. Please treat the matter as urgent.

Thanking you,
Yours faithfully,

(G.D.NADAF)
GENERAL SECRETARY

CIRCULAR NO:99 dt. 13th JULY, 2010

We are reproducing herewith the circular no:99 dt.13.07.2010 issued by AIBOC for our members.

CIRCULAR NO:99 dt. 13th JULY, 2010

TO ALL AFFILIATES/MEMBERS:

COM. DINAKARA PUNJA NOMINATED AS OFFICER - DIRECTOR
ON THE BOARD OF SYNDICATE BANK

We have pleasure in advising that Com. Dinakara Punja, President of Syndicate Bank Officers’ Association, our affiliate, has been nominated as Officer-Director on the Board of Syndicate Bank from 12th July 2010, the date of notification, for a period of three years. The text of relative notification is furnished overleaf.

2. We congratulate Com. Dinakara Punja on his induction into the Board of Syndicate Bank and wish him all the best in his new assignment.

With greetings,

(G.D.NADAF)
GENERAL SECRETARY

TO BE PUBLISHED IN PART II SECTION 3 (ii) OF THE GAZETTE OF INDIA
F.No.9/33/2003-BO.I
Government of India
Ministry of Finance
Department of Financial Services

New Delhi Dated the 12th July, 2010
Asadha 21,1932 (Saka)

NOTIFICATION

In exercise of the powers conferred by clause (f) of sub-section (3) of Section 9 of the Banking companies (Acquisition & Transfer of Undertakings) Act,1970/1980 read with sub-clause (1) & (2) of clause 9 of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme. 1970/1980, the Central government after consultation with the Reserve Bank of India hereby nominates Shri Dinkara S. Punja (DOB:14.08.1954), Senior Branch Manager, Syndicate Bank, as Officer Employee Director on the Board of directors of Syndicate Bank for a period of three years from the date of notification or until he ceases to be an officer of the Syndicate Bank or until further orders whichever is the earliest.

Sd/-
(Sumita Dawra)
Director

To
The Manager,
Government of India Press
Mayapuri Industrial Area
Ring Road,Mayapuri,
New Delhi.

CIRCULAR NO:98 dt. 29th JUNE, 2010

We are reproducing herewith the circular no:98 dt 29.06.2010 for our readers:

CIRCULAR NO:98 dt.29th JUNE, 2010

TO ALL AFFILIATES/MEMBERS:

2ND OPTION ON PENSION PROPOSAL CLEARED BY THE GOVERNMENT

We are glad that, an understanding, reached between the IBA and UFBU on extension of one more pension option to the CPF Optees on certain terms and conditions, has been approved by the Ministry of Finance, Government of India and necessary communication will be received shortly at IBA office for extending the pension offer to CPF Optees. There will be 60 days time; thereafter available to exercise the option.

2. In the mean time, few CPF Optees have filed suits in various courts challenging the said understandings and demanded extension of one more option on pension without recovery of contribution to pension fund at 2.8 times of revised pay from the arrears of salary and allowance payable under 9th bipartite. We understand that, Hon’ble High Court of Madras has granted a stay on the operation of the understandings of IBA with UFBU on 2nd Option on Pension. Apart from IBA, workmen organisations are also made parties to the suit. Unless, the said stay is vacated, IBA cannot issue offer letter on pension.

3. The case came up for hearing to-day, and the Hon’ble High Court has adjourned it to 6th July, 2010 for final hearing and order.

4. We are in constant touch with the IBA and the Convenor of UFBU, to initiate appropriate steps to vacate the stay, at the earliest, to enable IBA to issue necessary instructions to member Banks on the Pension offer.

5. We shall keep you advised of the further developments in due course.

With greetings,
(G.D.NADAF)
GENERAL SECRETARY