Sunday, September 5, 2010
DATES AND EVENTS OF RECENT WAGE SETTLEMENTS
DATES AND EVENTS OF HISTORIC SETTLEMENT from P.KUMAR firstname.lastname@example.org
25 &26.02.2008 STRIKE CALLED OF AT MIDNIGHT
A SET BACK
09.06.2009 AFTER 15 MONTHS SHARING OF PENSION COST DECIDED 4200:1800 CR.
NEW PENSION SCHEME NOT A PRECONDITION .
(SUBSEQUENTLY IT IS AGREED)
27.11.2010 M.O.U SINGNED 17.5%
SHARE PENSION COST EQUALY. PENSION OPTEES STARTED MURMURING.
WHY A CAMPAIN WAS NOT CARRIED OUT TO CONVINCE PENSION OPTEES TO ACCEPT
THE PROPOSAL AND EXPLAINING THEM THE REASONS?
9,10.12.2010 WHO ARE ELIGIBLE FOR PENSION OPTION?
“ it was mutually clarified and understood that ‘Retirees’ would mean and include employees/officers who have retired on normal superannuation, those who have retired under VRS/Special VRS and families of the PF optees who had died during the period all of whom would be eligible for the pension option. “
WHAT IS THE DIFFERENCE BETWEEN VRS AND SPECIAL VRS?
06.04.2010 AS PER AIBEA .. CIRCULAR LETTER NO. 26/51/2010/12 DT6-4-2010
IBA has agreed that another option will be given to join the pension scheme for the following
e) Those who were in PF and in service on the date of Pension Regulation 1995/96 and have taken voluntary retirement from service.
LATER ON IT IS ANNOUNCED THAT RESIGNED PF OPTEES ARE NOT ELIGIBLE
13.04.2010 RATE OF CONTRIBUTION ANNOUNCED 1.6 TIMES FROM ALL EXISTING EMPL.
16.04.2010 CASE FILED BY PENSION OPTEES AND NOTICE SENT TO IBA AND ALL BANKS
26.04.2010 ALL UNIONS ARE FIRM ON 1.6 AND GAVE LETTER TO IBA STATING THAT THEY ARE NOT AGREEABLE TO 2.8. AND GAVE LETTER TO IBA .
27.04.2010 ALL UNIONS SIGNED ACCEPTING THE PROPOSAL OF IBA TO RECOVER FROM
PF OPTEES ONLY AT 2.8 TIMES. WHAT HAPPENED ON 26TH NIGHT?