The All India Bank Employees Association (AIBEA) on Saturday called for a nation-wide strike on June 24 in support of various demands of the State Sector Bank Employees Association (SSBEA).
Woman held in bank fraud case-The Hindu
The three companies of the group that are under the CBI scanner are Krishna Knitwear Technology Ltd, Jayabharat Textile and Real Estate Ltd, and Eskay Knit (India).
If it is a payment as a welfare measure , th...ey are at liberty to stop at any time.It is irony that the unions which fought for pension scheme (the present leaders might not be there} are party to such arguments. Further the new theory of no contractual obligation is also rediculous. The pension scheme in banks itself is an outcome of bipartite negotiations.
It is also irony that the signatories to the document are telling now that it is not a contract.
Further the UFBU objected for the presence of retiries organisations in the negotiotin process since beginning,arguing that retirees issues are part and parcel of the bipartite negotiation.
Hence I agree with the suggestion of the one of the group member that we create a legal fund and even if 1 lach retirees out of 1.25 lakh retireescontribute Rs.500/ per head the amount will be 5 crores. we can hire a good lawyer and contest. at first we have to seek the S.C.for early hearing of the 100% D.A.case and 50% B.P,case
SvRS Syndicate Bank
Banker's contribution towards PF or towards pension or in NPA scheme is a mandatory requirement and is part of the salary. As such when basis pay of working employees is raised, PF contribution towards PF fund or contribution towards pension fund is supposed to be increased and hence there should necessarily be a rise in pension aIn case of major part of government employees , government has to be made budgetary allocation for payment of pension , but in case of only Banks, that government has not to make any budgetary allocation , it is largely the profit generated out of pension fund which is given in form of pension to bank staff on retirement. It is earned by bank staff by their three to four decade long service to banks. It is not the alms which bank management or GOI give to retired bank staffmounWhen a staff works for 3 to 4 decades, his loyalty is compensated by employer by contributing every month at least ten percent of basic pay towards pension fund and then it is the duty of trust or managing body which manages pension fund to earn more and more interest or profit by investing in various funds and share more and more with retirees. t and rise in benefits accruing to retirees.