UFBU'S STRATEGY ON CURRENT ISSUES OF BANK EMPLOYEES!

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UFBU MEETING ON 7^TH OCTOBER, 2010

A meeting of the UFBU was held at Mumbai in the AIBEA office on 7-10-2010.  The meeting was presided over by Com. Sarkar (President, AIBOC).  The meeting while taking note that the wage revision settlement has since been implemented and the process of submission of option to pension scheme is underway, had a detailed discussion on the various important issues.

1. Revised Scheme on Compassionate Ground:  The meeting was seriously concerned to observe that the revised scheme on compassionate appointments/compensation scheme as mutually discussed and finalised between IBA and UFBU is pending consideration and approval by the Government for the past 20 months.  The meeting decided that this issue should not be allowed to be delayed further and must be pursued earnestly on top priority including by agitational programmes, if necessary.

RESIGNATION EQUAL TO VOLUNTARY RETIREMENT!

“Therefore, when an employee voluntarily tenders resignation it was an act by which he voluntarily gives up his job. We are therefore of the opinion that such a situation would be covered by the expression voluntary retirement,” the judgement read.
Octogenarian argues case himself
Mohamed Imranullah S.

Obtains favourable orders after 45 years of his resignation

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“Consider petitioner's plea for pension within four weeks”
He applied for pension and gratuity in 2003

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MADURAI: S. Sankaran, an 83-year-old former school teacher of Tirunelveli, was the cynosure of all eyes in the Madras High Court Bench here on Thursday as he succeeded in obtaining favourable orders in a petition seeking monthly pension for the service he rendered 45 years ago!

STAY ORDER FOR 156%!

Message received from Deewaana <kamlesh.chaturvedi@yahoo.com> :

In an important development, Hon'ble Orissa High Court has stayed the operation of relevant clause of Pension Settlement dated 27.04.2010 vide which retired bank employees are required to contribute 56% amount.