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Wednesday 25 April 2018

Slowly ,Steadily but Perceptibly,Bankers are moving in forward direction securing coveted benefits




005

 

ALL INDIA UNION BANK EMPLOYEES' ASSOCIATION

CENTRAL OFFICE

C/o UNION BANK OF INDIA, 6TH FLR, M.S. MARG BRANCH, 66/80 M.S.MARG, MUMBAI –400023

Phone:  22629486(Bank); 22629509(U.O.); Fax: 22642785(Bank); 9819375526(M)

E-mail:aiubeaco@gmail.com

 

                                                                             

 

 

 

GS 1/141/ 18                                                                       24th April 2017

 

 

To,

 

 

Chairman & Managing Director,                    

Union Bank of India,

Central Office,

Mumbai.

 

Sub:  Issues affecting employees ..

 

 

We draw your kind attention to  the captioned subject and wish to place the following for your information and perusal;

 

1)    Staff Welfare Measures:

We draw your attention to our letter GS/1/ 136/18 dated 4thApril 2018 addressed to your office. Despite elapse of 3 weeks, neither had we received any reply nor do we observe any tangent initiatives from the Bank to address the issues flagged by us. It is unfortunate that Bank has unilaterally suspended the staff welfare measures without even talking to us despite we being important stake holders. Such unilateralism is unwarranted and will only lead to unrest on account of provocation. When Bank without any restraint is freely spending on all matters including purchase of new cars and holding functions & conferences as can be seen, then there is no justification for the Bank to withhold the Staff Welfare Measures that are actually aimed in providing relief to many staffs. Hence we demand that Bank should convene the staff Welfare Committee immediately to review the last year status and decide appropriately to continue staff welfare measures as per our understandings with us and as conveyed in our above referred letter to your office. We hope your office will direct for an early meeting   without any further delay.

2)    Gratuity Law Amendment; :

IBA had already circulated the recent amendments to Gratuity Act and also directed the Banks to pay revised Gratuity to eligible employees who will be leaving/ retiring from the services of the Bank from 29th March 2018. While many Banks have started implementing the same our Bank is yet to issue the circular. We hope that Bank will release the circular and direct the concerned department to pay the gratuity difference to eligible employees without any further delay so as to avoid dispute and interest claim etc. This needs to be done in a definite time line and we request the Bank to do the needful at the earliest.

3)    Supreme Court Judgment on Pension related matters:

Hon. Supreme Court has awarded judgment on 1) extension of notional 5 years of service to Specialist Officers who retired  from services without completing 33 years of service 2) extending Pension option to CRS Employees and 3) Removing the anomaly on account of fixing  pension  on 1616  CPI instead of 1684 .

 

 The IBA had already forwarded these judgments to all the Banks and directed them to implement the same. You are aware that the above judgments need to be implemented within a time line to enable the retired employees to apply wherever need be and get the benefits. In case of 3rdcategory the Hon Supreme court has directed to implement the same within 4 months from the date of judgment that too with payment of interest @ 9% from the date of effect of revision in Pension. We understand that Bank is yet to take up the matter to its board although the same is not necessary and this will delay the implementation of the judgment beyond the timeline prescribed by the court. We observe that such delay will create unrest among the retirees besides making them raise disputes. Hence we request the Bank to take up these issues seriously and implement the same.

 

We are sure your office will take our placements in the right perspective and initiate steps to do the needful with no delay.

 

A line of rely shall be appreciated.

 

Thanking you,

 Yours truly,

SIGN

 

(N. SHANKAR)

General Secretary.

 

C C to Executive Directors for information

C C  to General Manager ( P& HR )


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