A comprehensive medical scheme for pensioners/retirees should be framed and introduced in all the banks as available now in the case of executive directors and CMDs of the Banks. WELFARE ACTIVITIES:- A separate allocation of funds for improvements to welfare of the pensioners should be made every year. The facilities like Holiday Home, clinics, Transit House etc., should be made eligible for pensioners also. LFC/HTC FACILITY:- LFC/HTC facility should be extended to the retirees also at par with serving employees. -:32:- Page 16 Broad Summary of Demands:- Improvement in pension scheme and other retirement benefits Cost of retirement benefits and hospitalization expenses to be excluded from the negotiated cost. 08.MEDICAL AID/HOSPITALISATION Page 28 RETIREES:- Retired employees should be covered by a hospitalization expenses reimbursement scheme. Page 31 12.SUPERANNUATION BENEFITS:- Pension Related issues:- Permanent Part-time employees on Consolidated Wages prior to 01-05-2010 and made 1/3rd wage from 01-05-2010 should be covered by Pension Regulations. Refund of contribution to pension fund to the employees who jointed between 01-11-1993 but before Pension Regulation came in force in 1995/1996. Periodical pension updation along with wage revision of service employees. Basic pension of all existing pensioners to be updated at the same index level like basic pay of service employees viz july-sept 2012 average. DA on pension to be on monthly basis. Same DA at 100% compensation for all pensioners and removal of slab system. Extending 2nd option facility to employees who resigned between 1995 and 27-04-2010. Qualifying service for full pension should be 20 years like in Govt/RBI Average of 10 months or last drawn “pay” “whichever is higher” should be considered for calculation of basic pension. Service rendered in Defence, if not counted for Defence pension should be added in bank service for payment of pension.
A comprehensive medical scheme for pensioners/retirees should be framed and introduced in all the banks as available now in the case of executive directors and CMDs of the Banks. WELFARE ACTIVITIES:- A separate allocation of funds for improvements to welfare of the pensioners should be made every year. The facilities like Holiday Home, clinics, Transit House etc., should be made eligible for pensioners also. LFC/HTC FACILITY:- LFC/HTC facility should be extended to the retirees also at par with serving employees. -:32:- Page 16 Broad Summary of Demands:- Improvement in pension scheme and other retirement benefits Cost of retirement benefits and hospitalization expenses to be excluded from the negotiated cost. 08.MEDICAL AID/HOSPITALISATION Page 28 RETIREES:- Retired employees should be covered by a hospitalization expenses reimbursement scheme. Page 31 12.SUPERANNUATION BENEFITS:- Pension Related issues:- Permanent Part-time employees on Consolidated Wages prior to 01-05-2010 and made 1/3rd wage from 01-05-2010 should be covered by Pension Regulations. Refund of contribution to pension fund to the employees who jointed between 01-11-1993 but before Pension Regulation came in force in 1995/1996. Periodical pension updation along with wage revision of service employees. Basic pension of all existing pensioners to be updated at the same index level like basic pay of service employees viz july-sept 2012 average. DA on pension to be on monthly basis. Same DA at 100% compensation for all pensioners and removal of slab system. Extending 2nd option facility to employees who resigned between 1995 and 27-04-2010. Qualifying service for full pension should be 20 years like in Govt/RBI Average of 10 months or last drawn “pay” “whichever is higher” should be considered for calculation of basic pension. Service rendered in Defence, if not counted for Defence pension should be added in bank service for payment of pension.
General%20Secretary%20report.docx