AIBEA website and wage revision News

is there any chance of wage revision till end of this month.

there is no chance of wage revision till end of this month and if it is done we will get nothing moreever mergers are on. Union should take very hard step against merger.

comrade, it is a widespred talk that all nationalised bank are going to remodified by way of merger if so what is the fate of old private sector banks like KVB, LVB CUB AND TMB FEDARAL BANK ETC..,.

MERGERS AND CONSOLDATION IS NOT SUCCESSFUL IN LATIN AMERICA COUNTRIES. BUT, WITH THE PRESSURE FROM WORLD BANK MERGERS BECAME COMPULSORY. THOUGH 3GSM AUCTION YIELD 25000 CRORES STILL GOVT PREFER FINANCIAL HELP FROM WORLD BANK. CAME TO KNOW THAT ALL OTHER UNIONS EXCEPT AIBEA NODDED FOR MERGERS. LETS HOPE FOR THE BEST

sir,
mergers , pay revision, NPA’s, Bankauurance, PLR, on-line banking, phone banking, what next ????,
‘the tough get’s going when going become tough’.
1 + 1 = 11, so lets be together

Why there is discrimination in paying conveyance allowance to the deaf physically handicapped category? When the OH and Blind gets the above allowance why not the deaf. Why negotiating status not given to All India Deaf Bank Employees Association by IBA. We need to talk only about the disability issues with IBA. Inspite of several representations to AIBEA our demands seldom included in the demands sent to IBA by AIBEA.T.Raghava – General Secretary- AIDBEA

Raghava – We agree with you. You should take yp the case with authorities.

Admin

has the option for pension one more time been given to retired employees?i have retired under vrs scheme ,how do i opt for pension ,i am at present abroad and would request you to let me know how i can apply for pension under the revised option

i am a retired bank officer.can i get revised pension? and from what date?so f ar not received any communication from our bank. can you clarify please.

Basic pension is fixed on the basis of last drawn pay of a employee. If the employee opts for voluntary retirement at the age of, say, 55, his commutation value at that time is 11.73
When the second pension option is introduced after a lapse of 9 years, as in the present instance, his present age will be 64 and commutation value stands reduced to 8.62, for no fault of his.

So, age of an employee should not be arbitrarily decided due to factors totally out of his control, as in the present scenario.
Hence along with the last drawn salary, age at the time of retirement of the employee should also be PERMANENT BASIC PARAMETER, for reckoning commutation value, irrespective of when pension becomes payable, as inordinate delay in arriving at a decision, as in the present case, deprives the pensioner of invaluable commutation value, which keeps eroding with delay of each passing year.

With few more years left, with failing health, with meager savings at our disposal, this gesture will be an acknowledgement for the dedicated decades of service we have put in, with most of the work being done manually, without even basic calculators during those years.

WHEN THE BASIC PENSION IS ARRIVED AT ON THE BASIS OF BASIC SALARY AT THE TIME OF RETIREMENT/VOLUNTARY RETIREMENT, AGE FOR ARRIVING COMMUTATION VALUE ALSO SHOULD BE RECKONED, AS EXISTING ON THE DATE OF RETIREMENT ONLY, IRRESPECTIVE OF WHEN THE ELIGIBILITY FOR PENSION PAYMENT IS ARRIVED AT.

The various associations/unions striving for improvement in the 2nd pension option, should unitedly and wholeheartedly impress upon IBA and the Finance Minister to accede to the above request, as a good will gesture towards the aging retired employees, as an appreciation and rewarding the decades of dedicated, sincere and tireless efforts of the work force, who are now in their twilight years.