HOW MUCH A PENSIONER LOOSES ON NON-UPDATION OF PENSION!

In 1995 Pension settlement it is agreed between  IBA and Unions

That ,whenever industry wise settlement on wage revision is settled

 Pension will also be revised accordingly.

Even after  3 bipartite settlements signed pension is not revised.

Central and state Govt. have revised Pension after every Pay Commission

To their employees.

Following table/calculation will tell how much a retired Bank Pensioner is loosing

Every month.

UFBU REPLIES TO AIBOA ON balancing cost of pension in respect of SBI

TEXT OF UFBU CIRCULAR LETTER 2011/7 DATED 03.06.2011

“  Our attention has been drawn to some circulars issued by All India Bank Officers Association ( AIBOA ) regarding the All India Strike on 7^th July, 2011 as declared from the National Convention held at Delhi on 20.05.2011.  Since these circulars may create some confusion, we wish to clarify to our Units and members as under.

1.    AIBOA attended the UFBU meeting on 25.3.2011. While different issues were raised by the constituent unions, only those issues on which consensus was reached were decided to be taken up for agitation.  The points raised by AIBOA regarding SBI allowance were replied by AIBOC and clarified by UFBU Convenor.