FLASH

Tuesday, January 17, 2023

NCCPA writes on Bank Pensioners Revision of Pension to United Forum of Bank Unions

 NCCPA Emails and also sends a physical letter to UFBU as follows:

Letter copy emailed to various Affiliates ot UFBU too!

NATIONAL CO-ORDINATION COMMITTEE

OF PENSIONERS ASSOCIATIONS

(Registered undder the T.U. Act.No. RTU01/2021.Dated.7.01.2021

PAN NO:  AAEAN8586F

13C - Feroze Shah Road, New Delhi -110 001

 

Website: nccpahq.blogspot.in                                                                        E mail: nccpahq@gmail.com.


 

Shiva Gopal Mishra                                     K.Ragavendran                                            H.L.Sidhu

President                                                      Secretary General                                       Treasurer

97176 47594                                                 9444919295                                                  9868933421


 

 

NCCPA / Pension Revision / 1                                                                                   Dated 16.01.2023

 To

Comrade Sanjeev K.Bandlish

Convenor

United Forum of Bank Unions.

C/O SBI, LHO, Plot Number 1;

Sector 17A,

Chandigarh – 160017.

 

Dear Comrade,

We are called “National Coordination Committee of Pensioners Associations” functioning as an umbrella organization of various Central Government All India level Pensioners Associations, Many State level Central Government Pensioners Coordination Committees and many PSU Pensioners Associations including Banks etc. Some of our affiliated associations have membership in SCOVA (Standing Committee of Voluntary Associations) and Pensioners Portal etc. We are a registered Association under Indian TU Act and try to effectively project the issues of Pensioners before various Government Authorities.

The time for negotiations for wage settlement in the Banking Industry has come and we are happy to note that for the first time the issue of ‘Updation of Pension’ has been included as one of the major items. However, we are worried over the remarks of some organizations which are reportedly talking about ‘financial viability’ and ‘pension revision in a phased manner’ to postpone the major issue of ‘updation / revision of pension’ again during the negotiations. This is quite in contrast with the CG Employees Pay Commission which is considering the question of ‘Upward Pension Revision’ also as part and parcel of the terms of reference and recommends the same fitment formula to all the Pensioners and Family Pensioners on par with the serving employees. This should be the attitude of all constituents of UFBU and unfortunately the stand reportedly taken by some of the constituents is quite unfortunate.

We opine that the theory put forward by the IBA Authorities that the expenditure towards ‘Updation / revision of Pension’ is too much to bear by the Banking Managements is not right. The informationcollected under RTI by the All-Kerala Bank Retirees Forum reveals that the accrued pension corpus is more than sufficient to meet the financial burden. It is pertinent to note that since the inception of Pension in the year 1993, never any revision was made for nearly three decades. There is no justification for the adamancy of the stand exhibited by the IBA and the Central Government.

The CHQ of National Coordination Committee of Pensioners Association to which the All India Punjab National Bank Pensioners & Retirees Association and All Kerala Bank Retirees Forum are affiliates would like to request the UFBU and all its constituents that this time they should take up the issue of ‘Up dation/ Revision of Pension’ as a major item during negotiations to finalize 12th Settlement and once again this item is not diluted or relegated as an item of ‘Residual issues’. This is very important as it is not an item of mere the existing Bank Pensioners but also of the existing serving Bank Employees, as the latter will go on joining the battalion of the former.

The National Coordination Committee of Pensioners Associations trusts that the item of Bank Pensioners will be given enough importance by the UFBU and the main item of ‘Pension Updation / revision’ is sorted out to the satisfaction of all Bank Pensioners.

Yours Comradely

Sd/-

(K.Ragavendran)

Secretary General

 

 

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