Bank officers not to join tomorrow's nation-wide stir

Bank officers not to join tomorrow's nation-wide stir

Mumbai, Sep 6 (PTI) Banking operations are not likely to be totally affected by tomorrow's strike called by central trade unions, as officers from the State Bank of India as also from other banks, will not join the strike.

"Bank officers will not join the general strike call given by central trade unions tomorrow," All India State Bank Officers' Federation and All India Bank Officers' Confederation General Secretary G D Nadaf said in a statement here.

The officers federation would, however, extend "fraternal support" to the striking workers, he said.

According to him, only two bank unions - the All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) - are participating in tomorrow's strike.

Source: PTI

Strike call to hit banking operations on Tuesday

Strike call to hit banking operations on Tuesday

Banking operations are expected to be hit on 7th September, with the All-India Bank Employees Association joining the nationwide strike called by several unions to protest against the price rise, unemployment, grant of licences to private banks and other issues.

Nearly 10 lakh employees from 27 public sector banks, 18 foreign banks, 26 private banks, 82 regional rural banks and 1,721 cooperative banks will participate in the strike, an All-India Bank Employees Association (AIBEA) statement issued in Mumbai said.

AIBEA has opposed FDI in private sector banks and demanded the expansion of the public sector banks' network from 40,000 branches to 1,00,000 across the country.

"Expansion of public sector banks network is necessary for reaching out to the poorest of the poor for making the financial inclusion model of the RBI a success," AIBEA Secretary Vishwas Utagi said.

Besides bankers, nearly 44 crore employees, including those from the organised and unorganised sectors and industries, will participate in the strike, he said.

"We are protesting against price rise, violation of labour laws and disinvestment in public sector undertakings," he said.

Source: DDI News

Annual wage increase of Rs. 4816 ( Rs. 2239 crores for officers and Rs. 2576 crores for workmen employees ) w.e.f. 1-11-2007 - AIBEA

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 ( 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.

Wage revision – what we have achieved:
 

	7th BPS	8th BPS	NOW
Additional annual wage load	12.25 %	13.30 %	17.50 %
Total quantum of annual wage increase (Officers & Workmen)	1497 crores	2200 crores	4816 crores
Annual Average Per Capita Increase Ø  For Workmen employees Ø  For Officers	12,550 24,025	23,300 43,600	56,200 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.

Dear comrades, with the signing of this Minutes, the main understandings have been reached. Now the UFBU will be taking steps to expedite the final settlement with revised pay scales, allowances and other improvements and thereafter for implementation of the same and payment of arrears to the employees.

Dear comrades, on this happy occasion, it is necessary to remind ourselves that these achievements were preceded by persistent efforts and protracted negotiations by the leadership of UFBU and backed up by the exemplary unity of the bank employees and officers and their successful participation in the strike actions. It is the result of our unity, militancy and perseverance.

OUR CONGRATULATIONS AND WARM GREETINGS TO ALL OUR UNITS AND MEMBERS.

Source:AIBEA

PSU banks defer strike, sign MoU

The two-day PSU bank strike, which was set to begin on Monday, has been called off. The Indian Banks Association and the United Forum of Bank Unions (UFBU) have signed a memorandum of understanding (MoU) agreeing to revive talks on March 3 on issues relating to pension, resumption of compassionate recruitment, ban on outsourcing of banking activities and consolidation of banks.

As per the consensus, these issues would be sorted out within a specified timeframe. “The IBA has agreed to look into these issues in a bid to find an amicable solution,” CH Venkatachalam, convenor, UFBU told FE. It is learnt that the IBA has also agreed to provide a second option to bank employees to move towards pension benefits in lieu of PF. Venkatachalam also pointed out that the issue of compassionate and general recruitment would be looked into. Earlier, finance minister P Chidambaram and chief labour commissioner SK Mukhopadhyay held talks with the representatives of the trade unions.
Source: Financial Express