AIBOC CIRCULAR NO. 1 DATED 01.01.2011

AIBOC issued its circular No. 1 welcoming the new year 2011. We are reproducing the same here for our readers.

CIRCULAR NO. 1                                             DATE: 01.01.2011

TO ALL AFFILIATES /MEMBERS

WELCOME, THE NEW YEAR 2011

We are yet again on the threshold of a new year 2011, which holds new hopes, new challenges and exciting new opportunities for all of us in the Banking Industry. In the backdrop of the country achieving 9% growth in GDP, the country has  a daunting challenge of sustaining the growth and move forward to achieve new horizons  on the economic front. With a robust financial market, our  country has been in a position to attract FDI, in a substantial size, giving fillip to the economic activities, spurring growth in employment opportunities, thereby generating income to the vast mass of the country. The Government’s efforts to alleviate the problems of the poor, through generation of employment and massive literacy programmes, need to be augmented on a massive scale. Otherwise, attainment of 9+%  of GDP will be a hollow concept, meaning nothing for more than 45% of  poor people of the country who are below the poverty line struggling for a square meal.  The Government, which is scam ridden, should come out with people oriented  programmes, with clean and corrupt free administration. The lopsided policies of the Government, rampant corruption in Government Departments, glaring inequalities, yawning gap between the haves and have-nots, need to be addressed with a human heart added with strong political will.

The country’s quest for a permanent seat in the U.N. Security Council is on the anvil and is likely to be a reality before soon. There is also an urgent need to strengthen our relationship with the neighboring countries, to achieve sustainable  peace in the subcontinent.

The Banking Industry which showed a robust growth, achieved spectacular results, achieving all time high profitability. The growth trajectory is expected to move northward in the coming year.

All India Bank Officers’ Confederation occupied the centre stage in the struggle for achieving a satisfactory salary revision and another  option for pension, a long cherished dream came true, bringing joy to the PF  optees. The saga of struggle to achieve the best of facilities, allowances, perquisites will continue, without any let up. Having achieved the best salary revision in the Banking Industry, it is AIBOC’s single minded pursuit and campaign to achieve the wholesome good  of the officers’ community. We are yet to traverse a bumpy road to achieve the following residual issues.

Ø       Pension shall be upgraded /updated on revision of scales. There shall be higher pension for older pensioners, as available to Central Government Employees.

Ø       Commercial Bank allowance of Rs.5000/- p.m be paid to all officers as available in RBI.

Ø       Pension at 50% of last drawn Basic Pay without linking to number of years of service.

Ø       Improvement in commutation formula at 40% of Basic Pay.

Ø       Introduction of separate Consumer Price Index (CPI) for Bank Employees.

Ø       Payment of Family Pension at enhanced rate for first 10 years.

Ø       Five day week for Bank Employees/Officers.

Ø       Child care leave to women officers to be extended to two years as is being done in case of Central Government Women Employees.

Ø       Insurance covering the lending risks.

Ø       Provision of 15 days lodging facility on transfer.

Ø       Setting –up of an exclusive Central Administrative Tribunal and Central Vigilance Commission for Bank Officers.

Ø       Pension option to officers who retired under VRS scheme of the Banks, retired on account of imposition of punishment of compulsory retirement, discharge, termination etc.

Ø       Improvements in Housing and Conveyance loan facilities etc.

Ø       Review of Service Rules and disciplinary proceedings etc.

The list is illustrative and not exhaustive. The AIBOC will be on a campaign trail from now onwards. We are aware of the aspirations and expectations of our Members across the country and our new year resolution will be to achieve the above issues expeditiously.

Now that, we have achieved Salary Revision and Pension Option for the PF Optees, we cannot bask in the past glory and it is time for all of us to sweat more and more during peace time, so that there is less bleeding during war time.

With hopes of a bright and better future for all of us, we will move forward to achieve the goals set before us. Our unity and solidarity will be further fortified during the New Year. Let us march together hand in hand, with fusion of our hearts and minds to realize our dreams, hopes and aspirations.

Year’s end is neither an end nor a beginning, but a continued march on, with all the wisdom that experience can instill in us.

WISHING ALL OUR AFFILIATES AND MEMBERS

A VERY HAPPY, SUCCESSFUL NEW YEAR 2011.

With seasons greetings

Sd/-

(G.D. NADAF)

GENERAL SECRETARY