Unresolved Issues of Bank Pensioners - UFBU leaders may act fast

UFBU leaders had to subscribe 
their signatures to the note 
of discussions with IBA regarding 
the issues relating to the bank 
pensioners. 

But, before signing a document, it would have been wise if they had not agreed with certain observations of the IBA. " Contractual relationship does not exist between the banks and retirees". ( in essence, the retirees here refer to pensioners? ). 

The learned leaders of UBFU better had objected to the IBA observation negating the contractual relationship between the banks and retirees/pensioners.They could have mentioned their objection in the note, if they had felt the statement was not correct.

Further, the IBA has not said any thing new that the financial implications will need to be fully examined before any change in benefits payable to pensioners. In short, their views are as under:

(i) The cost involved in grant of family pension (at par with GOI and RBI) is significant. IBA will examine cost implication at a 'future date'.

(ii) 100% neutralisation in DA/DR --sub judice ! Are the pensioners responsible? The cost factor being examined.

(iii) updation of pension and family pension --unions suggested for collection of details, ascertaining actual cost, so a solution can be worked out.

Now that, the UFBU - leaders - have achieved their main objectives of revision of pay and perks of the serving employees, they have ample time at their disposal to concentrate on the unresolved issues of the pensioners. It is not difficult for the leaders to collect detailed data of about 1,25,000 pensioners and family pensioners in about a month or two. They must act fast.

SN ( a 1992 pensioner )