it is so near, but still so far .....'

FEDERATION OF RETIRED LIC CLASS I OFFICERS' ASSOCIATIONS

President :    N.P. Bali 705, Sur, Veena Saaz, Thakur Complex, Kandivali (East), Mumbai - 400 101 Mob : 9820324213 Email Id - npbali@hotmail.com

General Secretary :    D Krishnan No.6/1, Sreshta Riverside Apartments, Wood Creek Road, Nandambakkam, Chennai - 600089 Tel : 9176635967 / 044 42850049. Email Id - dkrishnan1@gmail.com

Ecircular No.DK/80                                                      04-09-2019

Dear Friends,

I am reproducing here the Text Messages exchanged with Chairman and the ED (P) around the last few days of August, expressing concern about Pension being received late, if 1^st of a month happens to be a Holiday. Though nothing has been altered in this position as of now, chances are that it will change for the better in a couple of months from now, as the messages indicate. 

---" Guptaji, It's D. Krishnan this side. This month end, the old issue of Pension being paid late arises. 1^st  is Sunday, and 2^nd  is Ganapathi Puja, a Holiday. By your old standard we can draw Pension only on the 3^rd Sept. Have we done something to change things as Discussed? Kindly respond." (27th August) (DK)

 -- Good Afternoon Mr Krishnan, I am sure your Pension in all Zones, except SCZ was credited on 2^nd  of Sept.. We tried to get it done on 1^st, but banking system in India, as of now, doesn't support it. Hopefully from Dec 1^st  it will be possible as RBI has proposed 24x7 e clearing." (ED) (P) (3rd Sept)

 

--  Kumarji, Greetings on the 63rd Birth day of our Great LIC! Even the most minor point discussed on 24th July, viz., credit of Pension on 1^st  even if it's a Holiday, has not been done... Today is 2^nd, and I have no information about Pension Credit! Can you please have this checked out? Regards" (DK) (2-9--2019)

 "Thanks Sir. Will have it examined"  (MRK)

 

I also intend reminding the CO on other points discussed where hopes were held out for us. Meanwhile LIC is, rightly, preoccupied with the Insurance Week observances. I shall write after they have come back from these.

          I have just seen the Circular issued by the All India Bank Officers' Association dt 29th August, from Mumbai, which gives a gist of the discussions the representatives of Banks had with IBA on 29th Aug.  The IBA re-iterated the earlier Offer of 10% increase on Fixed Pay + variable Pay 6% and Mandate (not clear what this refers to). The Association representatives  made it abundantly clear that the offer of 10% Fixed Pay is unacceptable and far below the expectations of the entire work-force. They also say, that the concept of Variable Pay can be discussed separately and the 'Mandate' issue needs to be resolved necessarily, and there cannot be a pre-condition to the discussions. The Circular also says -- "Further the common issues like 5 days week, Family Pension and up-dation  of Pension are also to be taken forward for resolution, besides specific issues pertaining to Officers and workmen are also to be concluded."

"Responding to the submissions made by the Bank Employees' representatives, the Chairman, Negotiating Committee stated that Fixed Pay+  variable Pay+ Mandate, are interlinked .........   though there is no mandate from Banks  to discuss the post Retirement Issues, still steps have been initiated in the matter of Family Pension. However, on updation of Pension, the corpus required is more or less equal to the total wage-bill. It was suggested to have a small committee constituted for the purpose of discussing the inputs related to Variable Pay, as part of our current wage revision. The end result is issues are interlinked."

The Representatives of Bank Employees are meeting in Delhi on 11-09-2019 to decide the collective approach on interlinked issues ie., Fixed Pay+Variable Pay+Mandate. Interestingly the Circular of the Bank Officers' Assn ends saying --'To Conclude, it is so near, but still so far .....'

With Greetings to all

D.Krishnan.                     

General Secretary