AIBOC CIRCULAR NO. 132 DATED 23RD SEPTEMBER 2010

AIBOC issued its circular No. 132 on its 97^th programme of nature and also the workshop on 2^nd option of pension. We are reproducing the same here for our readers.

CIRCULAR NO:132                                  23^rd SEPTEMBER, 2010

TO ALL AFFILIATES/MEMBERS:

97^TH PROGRAMME OF NATURE CONCLUDED WORKSHOP ON 2^ND OPTION – FIXATION OF PENSION, COMMUTATION, FAMILY PENSION ETC., ON 20^TH AND 21^ST SEPTEMBER 2010, A GRAND SUCCESS

             

The success of a settlement is in ensuring its reach to the beneficiaries in good time.  The 2^nd Option on Pension Scheme agreement reached between the AIBOC and IBA is such an important agreement ensuring the benefit of the Pension to over 3 lac serving and 60,000 retired members of the banking fraternity.  Hence, the Confederation being a responsible and single largest union of the managerial cadre has a role in ensuring its perfect implementation all over the country.  It is in this background, the Confederation decided to conduct a 2 days’ workshop on the programme for the benefit of the members of the affiliates all over the country. The NATURE was entrusted with this responsibility.  As the time is the most important factor in the current settlement it was decided to hold the programme at the earliest possible opportunity.  The 20^th and 21^st September 2010 were the dates fixed for the purpose.

We were overwhelmed with the support and the encouragement received from our affiliates even with such a short notice that more than 30 people from different parts of the country responded immediately and the affiliates conveyed their desire to depute some more representatives for the programme but for want of sufficient notice they could not send them and hence the next programme should be conducted by NATURE to enable them, to send in few more nominations.

The two days programme commenced with a inaugural address by Com.G.D.Nadaf, General Secretary of AIBOC and also the main signatory to the 2^nd Option on Pension on behalf of the Confederation, who utilized the occasion to explain the knitty gritty of the negotiations and the efforts put in by the leadership of the Confederation in clinching the settlement which was resulting in prolonged delay.  He also gave the various facets of the negotiations and the provisions where the settlement ultimately brought solace to a large number of serving people as well as retired who were the most unfortunate to have missed the bus when the Pension Scheme was introduced.

The faculty was consisting of Com.Shantha Raju, former General Secretary of AIBOC, Com.K.B.Ballur, former President of Canara Bank Officers Association, Com.K.F.Mamadapur, Secretary of the AISBOF, Com.K. Nagaraja Shastry, Secretary of the AISBOF, and also Com.B.S.Prabhu. Manager, PGP Department, State Bank of Mysore. The workshop covered the various aspects of the Pension Regulations, the methodology of fixation of Pension, Family Pension, Commutation etc. The workshop also extensively covered the historical background of the Pension Scheme, the struggles that have gone into ensuring the settlement of Pension and its benefit to all the members despite several challenges, which we had to confront.

Com.G.Shivaram Alva, Chairman, All India Vijaya Bank Officers’ Association was the Chief Guest for the valedictory function.  He appreciated the efforts of NATURE in conducting this unique programme for the benefit of the members of the affiliates of the Confederation and complimented the leadership of the AISBOF for having developed a wonderful infrastructure for training and imparting knowledge to our members.  He wished that the subject being very comprehensive, the need is such that we should ensure that the benefit of the 2^nd Option is implemented in all the banks in good time and all the eligible members are able to get the benefit as per our agreement. He wished all the participants all success in their efforts in helping their members who are due for 2^nd Option as well as those retired members and family members.

Com.G. Shivaram Alva the Chief Guest also distributed the Certificates to all the participants. Com.K.F.Mamadapur, Secretary, AISBOF compeered the programme. On behalf of the participants, a number of members spoke highly about the programme and suggested for the conduct of similar programmes for the benefit of other members.  Com.Y.S.Kumar, Treasurer.  All India Central Bank of India Officers Federation proposed a vote of thanks on behalf of the participants.

Comrades, the success of this programme has encouraged the members of the faculty in NATURE and looking at the response we have been receiving, we propose to hold the next programme during October 2010. Further details will be circularised in due course.

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY