OPTIONS BEFORE UFBU

OPTIONS BEFORE UFBU


It is very clear and evident that the present set of leadership failed miserably in convincing IBA team to get the MOU converted into a settlement. The costing of pension ,improvement of medical expenses etc all eye wash to deny the benefit to bank men. If clearance comes from the top political leadership , within 24 hours settlement could be signed without any negotiation.

If this trend continues majority of PF optees retired under normal course will die sooner or later without seeing light of the pension and only the family will be entitled to meager family pension ,in which case surrendering of PF will become a wasteful exercise. A month delay means advancing to death by a month which the concerned parties to the settlement should understand. It is the internal politics of the negotiating team which is playing havoc.
The following options can be considered :
LEAVE THE ENTIRE MATTER LIKE PENSION COSTING , DATE OF EFFECT OF PENSION PAYMENT AND ALL OTHER DISPUTED AREAS TO IBA . LET THEM DECIDE. IF YOU DO THAT THEIR BLOOD PRESSURE WILL GO UP SINCE UFBU IS NOT IN THE PICTURE.
FURTHER THEY WILL IMMEDIATELY CONSULT THE NORTH BLOCK AND GET THE SETTLEMENT SIGNED BEFORE CLOSING OF THE FINANCIAL YEAR.
PRESENT LEADERSHIP SHOULD TAKE MORAL RESPONSIBILITY FOR THE FAILURE OF THE NEGOTIATING SKILL DUE TO INTRENAL SQUABBLES. SO GIVE WAY FOR THE PEOPLE WHO MAY ACHIEVE BETTER BENEFITS TO THE EMPLOYEES ./PENSIONERS. THE PRESENT SET UP THROUGH THEIR LACK OF IMAGINATION AND VISION DRAGGED THE BANK EMPLOYEES STATURE TO THE UNDISPUTABLE LAST POSITION WHEN COPMPARED TO CENTRAL /STATE/QUASI/PUBLIC SECTOR AFTER THE VI TH PAY COMMISSION.
WHEN THEY GOT FULL DA NEUTRALISATION IN THE PRESENT SETTLEMENT THEY DELIBERATELY FAILED TO ACHIEVE AND GET THE SAME BENEFIT TO THEIR OWN SENIOR COLLEAGUES WHO RETIRED PRIOR TO 01.11.2002 WHICH IS UNHEARD OF IN THE TRADE UNION MOVEMENT. WHEN THE GOVERNMENT IS WHOLEHEARTEDLY EXTENDING ONE BENFIT OR OTHER CONTINUOUSLY BY INCREASING THE PUBLIC DEBT BY SUITABLE BORROWING PROGRAMME. WITH OUT COST CONSCIOUSNESS WHY BANK EMPLOYEES ALONE ARE HUMILIATED. MANY OF THE LOSS MAKING UNITS WERE GIVEN HEFTY PAY INCREASE BY CONSIDERING BOTH AS DIFFERENT PARAMETERS. THEN WHY YOU ARE ALLOWING IBA TO SIT WITH A CALCULATOR INSTEAD OF SEEKING PARITY.

WHAT EVER BE THE DECISION CAN BE REVERSED AND NEXT SETTLEMENT CAN BE CLINCHED WITHOUT PENSION COSTING, IE 100% MANAGEMENT EXPENSES AND ALSO PENSION UPDATION. IN A COUNTRY LIKE INDIA ANY THING MAY HAPPEN . NOTHING IS IMPOSSIBLE. BUILD UP THE MORALE OF THE EMPLOYEES AND SEEK PARITY IN THE NEXT SETTLEMENT WHICH SHOULD BE IMPLEMENTED ON 01.11.2012 ITSELF.
CONCENTRATE ON THAT EXCLUSIVE FOR THE SERVING EMPLOYEES LIKE INTRODUCTION OF VARIABLE PAY LIKE GRADE PAY FOR PERFORMANCE. IMPROVING HRA RATES TO 15,20 AND 30% . TRANSPORT ALLOWANCE, EDUCATION ALLOWANCE, MEDICAL AID ETC. KEEP THE BASIC AND DA AS SUCH . IT WILL SERVE TWO PURPOSE. ONE WE CAN COMPARE OURSELVES WITH SEVENTH PAY COMMISSION IF AT ALL IT COMES.
SECOND IBA WILL NOT ASK YOU TO RECALCULATE PENSION LOAD ONCE AGAIN. HENCE YOU ACCEPT WHAT THEY OFFER NOW. KEEP LOW PROFILE. YOU CAN ALWAYS MAKE A TIMELY FIGHT . STRIKE THE IRON WHEN IT IS HOT. NOW NO USE. TOOLATE .

K BALASUBRAMANIAN