ERNEST APPEAL TO PM/FM/TOP BUREAUCRATS OF BANKING DIVISION MOF

ERNEST APPEAL TO PM/FM/TOP BUREAUCRATS OF BANKING DIVISION MOF

Bank employees negotiations /pension option /full neutralization of DA to pre 01.11.2002 pensioners is not yet settled in spite of the assurance given in the parliament somewhere in the same time during last year Every one knows very well that the implementation of sixth pay commission to central government employees has started a wage war throughout the country . The governments acceptance tantamounts to determination of /standardization of salary levels for the different cadres. GOOD GESTURE.
After that several state governments has voluntarily agreed to implement the recommendations by creating huge debt burden. OK. GOOD
Government has accepted the liberal recommendations to public sector undertakings even better than pay commission because they are classified under public sector and not covered by the pension scheme .Here also the increase is not proportionate to the profit earned etc but on adhoc basis only by agreeing certain salary levels to the position they are holding. VERY GOOD GESTURE.
Then UGC Scales, Judiciary recommendations, ONE RANK ONE PENSION, everywhere 100% justice has appeared to have been done. EXCELLENT.

WE ARE VERY SAD TO BRING YOUR KIND ATTENTION THAT THE SAME TYPE OF PATRONAGE HAS NOT BEEN EXTENDED TO THE BANK EMPLOYEES WHO WERE BETTER PAID TILL 1996.
WHAT IS THE REASON FOR YOUR NEGLECTING THE EMPLOYEES AS UN TOUCHABLES IN THE SOCIETY EVEN THOUGH THE CONCEPT OF UNTOUCHABILITY WAS ERADICATED TOTALLY .
PLEASE APPLY YOUR CONSCIOUSNESS AND THINK FOR A WHILE.

ACHIVEMENTS OF THE BANKING INDUTRY :
BANKS ARE WITH STANDING THE RECESSION AND WORLDWIDE FINANCIAL CRISIS LIKE A SOLID ROCK
THEY ARE EARNING GOOD NET PROFIT AND TRANSFERRED MORE THAN 50000 CRORES TO THE EXCHEQUER SINCE 2006
HUGE WRITTEN OFF FROM TIME TO TIME WERE SILENTLY ABSORBED WHICH IS VERY HIGH WHEN COMPARED THE WAGE COST.

Which sector the government wants to classify them . If it is under public sector mean s more than 100% salary hike has to be given. So forget about that .Since the implementation of PILLAI COMMITTEE DURING 1979 as standardization of wages BANK OFFICERS SALARY LEVEL WERE BROUGHT DOWN TO CLASS I OFFICER LEVEL. So the then government and the political leadership has agreed that the level of starting pay for officers should be the same. Whether it is bank or government or college lecturer etc.

It is the generous package given under fifth pay commission and sixth pay commission and introduction of new item called grade pay only made the salary to a very good level which has created a good purchasing power among the government/public sector employees.
Every person who is following the financial position of the government also knows that this bonanza to the employees /pensioners has created huge fiscal deficit in addition to other reasons like oil subsidy, stimulus package etc.
Now coming to the banking sector you are the major share holder and hence employer who has to take care of the employees like government employees /public sector employees. The matter should not be left to IBA/UFBU who failed miserably in coming to understanding through collective bargaining. It lost its relevance because the attitude of the government changed in favour of the employees and hence simply by a notification you can implement the pattern of sixth pay commission scales to OFFICERS WHO ARE NOT COVERED UNDER INDUSTRIAL DISPUTE ACT.JUST LIKE PILLAI COMMITTEE SCALES.
Then for award staff suitable parity can be maintained and IBA can be instructed to work out the scales along with the award staff union and settlement can be arrived even before the end of this month. This will give much needed relief to nearly eight lakhs serving employees and officers who lost hope in the negotiation drama going on and expecting some type of magic formula. HAVING AGREED FOR LIBERALISED WAGES TO NEARLY TWO CRORES OF STATE /CENTRAL GOVERNMENT /QUASI GOVERNMENT/PUBLIC SECTOR EMPLOYEES WHY VICTIMISING BANK EMPLOYEES ALONE BY OFFERING POOR INCREASE AND EVEN NEGOTITING FOR MINOR DIFFERENCE IN AMOUNTS.
PENSION OPTION AND 100% DA NEUTRALISATION TO PRE 01.11.2002 RETIRED EMPLOYEES/OFFICERS
Since the scales of bank and the government are more or less running in the same level the concept of pension introduced with some onerous clauses in the beginning. Around 60% of the staff accepted . Rest of the people might have feared for the onerous clauses or the then prevailing high interest rate .When the clause was withdrawn subsequently one more option should have been given. OK . Government is magnanimous enough in agreeing for one more pension option now to all the left out employees. When banks are making good profits and they are not seeking government grants why in and each every stage IBA is creating bottlenecks, nobody is understanding.
When last settlement was signed and full neutralization of DA was introduced wef 01.05.2005, unions /IBA silently omitted to cover the 100% neutralization scheme to pre 01.11.2002 pensioners. Why ? No body is there to represent the case. It was referred to the parliamentary committee and they agreed in principle. Why IBA can not suggest it and automatically extend the benefit to the senior bankers who toiled for growth of the industry to this level.
Hence I earnestly request the top echelons of the government to be liberal in the matter of bank employees wage revision and do justice .
I also request you to instruct IBA suitably to immediately accept full DA neutralization to pre 01.11.2002 pensioners.
K BALASUBRAMANIAN RETIRED SEBNIOR MANAGER VRS 2000 PENSION OPTEE