23.05.2013 meeting of UFBU

-      UFBU Meeting held on 23.05.2013

UFBU meeting was held on 23.5.2013 at New Delhi in the AIBEA Office.  Com. Ashwani Rana, (General Secretary of NOBW) presided over the meeting.  All the nine constituent unions were present in the meeting.

A report on the developments since the last meeting was placed by the Convener along with the minutes of the previous meeting held on 31.1.2013, 22.2.2013 and 22.4.2013.  He also outlined the issues to be taken up with the Chairman of IBA in the afternoon.

The meeting deliberated and took note of the attitude of IBA in dealing with the charter of demands on wage revision submitted by the UFBU.  The meeting observed that even before any preliminary discussions could take place on the demands raised by the unions, the IBA was keen to foist their issues.  The meeting pointed out that while the UFBU would always willing to discuss any issue raised by the IBA with an open mind, the same cannot take precedence over the demands for wage revision.

HAPPY NEWS FOR BANK STAFF JOINED AFTER 01.04.2010!

Gratuity Pay under New Pension System

Death-cum-Retirement Gratuity is paid to Central Government employees under New  Pension System (NPS) as it is paid under the old pension scheme.  The monthly annuity under the New Pension System (NPS) is only a replacement of pension on retirement and family pension of death after retirement.  The benefits of Death cum Retirement Gratuity (DCRG) and pension/family pension have been provisionally allowed,  vide the Office Memorandum of Department of Pension and Pensioners’ Welfare No. 38/41/06-P & PW(A) dated 5.5.2009 in respect of Central Government servants covered under NPS in cases where a Government Servant is retired on invalidation/disability and in the case of death of a Government servant in service on the same rates as are applicable under the old pension scheme Central Civil Service (Pension) Rules, 1972.  The retirement gratuity is payable to the retiring Government servant.  A minimum of 5 years’ qualifying service and eligibility to receive service gratuity/pension is essential to get this one time lump sum benefit.