MEETING:All India Banks’ Provident Fund Optees’ Forum.

HERE IS THE REPORT ABOUT MEETING OF
All India Banks’ Provident Fund Optees’ Forum.
ON 14.08.11 AT HYDERABAD!

AIBPFOF/CONVNR/2011/4                                                       14th August, 2011

                                                                                                             

 

Dear Friends,

 

The AI BKs PF Optees’ Forum meet at Hyderabad on 14.08.2011 under the aegis of UFOPFO, Maharashtra which began at 2.30pm was an unprecedented and a resounding success. The outcome of has been due to an unstinting and totally dedicated work done by two die hard workers Shri K S T Rangarao and T Ramesh. They both have worked tirelessly and have taken care, of the Guests and the rest who attended the Meeting, to its minutest details.

 

The following Speakers, who enlightened all from the dais, are as under,

JUDJEMENTTO BE READ BY IBA!

HERE IS A JUDJEMENT TO BE READ BY IBA IN CONNECTION WITH EXTENDING PENSION TO BANK EMPLOYEES, AND RECOVERING MONEY FOR OPTING OPTION. 


The Delhi High Court on Tuesday directed the central government to provide its 91-year-old former employee some of the post-retirement benefits that he had been unable to avail due to lack of information.

Justice S Muralidhar ordered the government to provide former Indian Railways employee KSR Chari the benefits of railway pension and family pension scheme that he had been unable to avail due to a communication gap.

STATE CONSUMER COURT CONFIRMS VERDICT BY DT. COURT IN FAVOUR OF RESIGNED EMPLOYEES!

KARNATAKA STATE CONSUMER COURT CONFIRMS VERDICT(ON PENSION OPTION)
 IN FAVOUR OF RESINGNED EMPLOYEES BY DISTRICT CONSUMER COURT.


HERE IS COPY OF JUDJEMENT:  jpeg.IMAGE

DOUBLE CLICK ON THE IMAGE AND THEN USE ZOOM OPTION TO READ THE CONTENTS.


EARLIER NEWS ABOUT THIS CASE:

JUDJEMENT IN FAVOUR OF PENSION TO RESIGNED EMPLOYEES!!

HERE IS A JUDJEMENT COPY IN FAVOUR OF PENSION TO RESIGNED EMPLOYEES.

ONE Ms.Sheelkumar Jain HAS FILED A CASE IN 1996, 2000,2006 FOR HIS PENSION,

AFTER RESIGNED FROM SERVICES OF The New India Assurance Co. Ltd ON 16-12- 1991.

AFTER A LONG LEAGAL BATTLE HE IS ABLE TO GET JUDGEMENT IN HIS FAVOUR  AS 

SUPREME COURT HAS DIRECTED THE NATIONAL INSURANCE CO., TO PAY PENSION 

WITHIN 3 MONTHS AS PER TERMS AND CONDITIONS OF PENSION SETTLEMENT,1995.

FOR DETAILS READ THE FOLLOWING LINK: 

JUDJEMENT COPY

NEW PENSION SCHEME IS DEAD!! EMPLOYEES LOOSING HEAVILY!!

HERE IS AN ARTICLE FROM ECONOMIC TIMES Dt.11.11.2011.
IT EXPLAINS HOW THE SCHME IS IMPLEMENTED IN HASTE, HOW EMPLOYEES
MONEY IS KEPT IDLE, THEREBY NO INCOME GENERATED OUT OF IT

The New Pension Scheme (NPS), which should have become an important part of the country's savings landscape, is dead, at least for the time being. This, more or less, is what a government committee set up to examine the NPS is saying.

The recommendations of the 'Committee to Review Implementation of Informal Sector Pension', (the Bajpai committee on NPS reforms) have been put up on the website of the Pension Fund Regulatory and Development Authority (PFRDA ), inviting comments.

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.