A NEW METHOD FOR PENSION WAGE REVISION

ANALYSIS AND REMEDIES SUGGESTED SCALES EXACTLY ON PAR WITH THE PRESENT SCALES UPTO SCALE VI LEVEL
SCALE I 15000-800(6)-19800-900(3)-22500-1000(7)-29500
SCALEII 21600-900-22500-1000(10)-32500
SCALEIII 29500-1000(5)-34500-1100(2)-36700
SCALE IV 33500-1000(1)-34500-1100(5)-40000
SCALE V 40000-1100(4)-44400
SCALE VI 44400-1200(4)-49200
SCALE VII 49200-1200(2)-51600--1400(2)-54400

STAGNATION INCREMENTS
AT PRESENT THERE IS AUTOMATIC MOVEMENT FREOM ONE SCALE TO OTHER
THAT MEANS THREE NOTIONAL INCREMENTS ARE AVILABLE FOR SCALE I
FOUR NOTIONAL INCREMENTS ARE AVILABLE FOR SCALE II
LEAVE SCALE I , II AS SUCH
DEMAND A LATERAL MOVEMENT FROM SCALE III TO SCALE IV ALSO IE 3 STAGES
EXTENDING THE SCALES FURTHER CAN BE TAKEN UP IN NEXT SETTLEMENT THIS IBA MAY ACCEPT

ALLOW THE IBA TO GIVE GOOD PAY SCALEAS FROM SCALE V , VI AND VII AS PER THEIR WISH
IT WILL HELP US IN FUTURE
AWARD STAFF
THE PAY SCALE STRUCTURE FOR AWARD STAFF SEEMS GOOD AS GOOD INCREMENTS IN THE BEGINNING STAGES PLACES JUNIORS ALSO IN A GOOD POSITION .AWARD STAFF SCALES CAN BE ACCEPTED AS SUCH. THE CONCEPT OF 1000 PM FOR THE STAFF WHO ARE NOT RECEIVING ANY SPECIAL ALLOWANCE FROM 01.05.2010 IS AGOOD CONCEPT AND THE THE TOTAL BASIC FOR A GRADUATE WILL COME TO 6200+800+1000 =8000 INCLUDING DA AND HRA ONE CAN CROSS THE FOUR DIGIT SALARY. ACCFEPT NOW IMPROVE LATER SHOULD BE THE TARAKA MANTRA BECAUSE OF THE VEXED PENSION ISSUE

NEW IDEA ON PENSION
REQUEST IBA TO SANCTION NOTIONALLY PENSION OPTION FROM THE RETIRED DATE.CALCULATE NOTIONAL COMMUTATION. PF WITH THE RECEIVED INTEREST AS ON THAT DATE . ADJUST THE SAME NOTIONALLY. BALANCE IF ANY CAN BE PAYABLE NOW.
LET THE DATE OF ACTUAL MONETARY IMPLEMENTATION MAY BE FROM 01.04.2009 AS A VIA MEDIA INSTEAD OF 01.04.2008 BY UFBU OR 01.04.2010 BY IBA
GAIN FOR IBA : IT IS ENOUGH IF THEY PAY ARREARS FOR THE CURRENT YEAR ALONE
GAIN FOR PF OPTEES : COMMUTAION FROM THE RESPECTIVE RETIRED DATE/BETTER COMMUTAION INDEX/ SO THAT RESTORATION WILL COME FASTER
COSTING OF PENSION AND REPAYMENT BY THE PENSIONERS CAN BE ABSORBED BY IBA AS THE CONCEPT ITSELF IS RIDICULOUS .
ABSORBING THIS 1800 CRORES IS NOT AT ALL A BIG THING WHEN COMPARED TO THOUSAND OF CRORES ALLOCATION TO PENSION BY THE GOVERNMENT. EVEN THE RAILWAY BUDGET DOCUMENT ENVISAGES AN OUT LAY OF A HUGE SUM OF 55000 CRORES AS A RESULT OF SIXTH PAY COMMISSION RECOMMENDATIONS
100% DA NEUTRALISATION TO PRE 01.11.2002 PENSIONERS
RECTIFY YOUR PAST MISTAKE OF NEGLECTING /BACK STABBING YOUR OWN SENIOR CITIZENS, BY ASKING IBA TO PAY 100% DA NEUTRALISATIION TO PRE 01.11.2002 BANK PENSION OPTEES ATLEAST FROM 01.04.2009 ALONG WITH THE PROPOSED PENSION PACKAGE
BY SEEING ALL THIS WE CAN EASILY CONCLUDE THAT IBA WHICH IS ENVISAGED THE TASK OF RECOMMENDING THE COMPETITIVE WAGES BY TAKING INTO ACCOUNT THE NATURE OF JOB , RISK TAKING , RESPONSIBILITIES ETC IS NOT SINCERE ENOUGH IN PEROFRMING ITS ROLE AND THAT UFBU LEADERSHIP IS ALSO NOT SINCERE AS THE COMMITMENT AND FRAGMTISM AND VISUALISATION OF THE ERSTWHILE TALL LEADERS OF BANK UINONS IS TOTALLY MISSING.
EXCEPT PENSION UPDATION ALL MATTERS CAN BE SORTED OUT AND LIGHT OF SETTLEMENT CAN BE SEEN BEFORE 15TH OF MARCH AND MARCH SALARY SHOULD BE THE NEW SALARY IF THERE IS DETERMINATION ON ALL SIDES.
WHATEVER THE RESIDUAL DEMANDS CAN BE TAKEN UP AFTER SIGNING THIS VEXED ISSUE OF PENSION /DA NEUTRALISATION OF PRE 01.11.2002 PENSIONERS AND BIPARTITE SETTLEMENT WITHOUT FURTHER LOSS OF TIME.
ACT QUICKLY SEEK APPOINTMENT WITH MADAM SONIA GANDHI /PM/FMTHROUGH SMT JAYANTHI NATARAJAN , PARLIAMENTARY COMMITTEE MP THAT WILL BRING NECESSARY EFFECT. SETTLEMENT CAN BE SIGNE DIN THE NEXT SITTING WITHOUT MUCH TALKS.
K BALASUBRAMANIAN RETIRED SENIOR MANAGER VRS 2001 PENSION OPTEE