Following the agitations that took place in furtherance of Pension Option, the MOU of 25th February, 2008 to settle the issue within three months from then was signed by IBA and UFBU.
Three months, six months, nine months twelve months and 15 months elapsed without anything happening within the time frame thanks to the yeoman service of the TU leaders.
The independent issue of Pension which was an already conferred benefit and was later taken away from the work force gets mixed up with the wage revision talks giving a leverage to make a foul bargain in the name of the Pension burden and the IBA becomes successful for prolonging the matter. The next agitation takes place on 6th and 7th August, 2009. On 7th August, 2009 IBA makes the offer of 17.50 percent wage hike and Pension Option, the latter on sharing basis in the ratio 70:30 by banks and employees.
Unions that sold out the already vested right to Pension of the employees in 2005 during the course of the 8th Bipartite by agreeing not to open the issue again now agreed to share the Pension burden out of wage hike. The delay made them to move through the dotted lines drawn by IBA and to agree to what they dictated. Now it is funny to see the unions beat their own trumpet on accomplishing Pension. The AIBEA and allies who blamed the victims for not opting for Pension and wanted to see that such people never get a chance again and the BEFI allies who stuck to their stand that CPF is beneficial even on realizing that they were wrong are now competing with each other to make the bank men believe that they made a fabulous achievement. They had leashed justice from reaching the victims and now they take a somersault from the South Pole to North Pole and pretend as apostles of Pension.
Stop weeping mother India. You have such great sons. They behave in their own strange ways.
Three months, six months, nine months twelve months and 15 months elapsed without anything happening within the time frame thanks to the yeoman service of the TU leaders.
The independent issue of Pension which was an already conferred benefit and was later taken away from the work force gets mixed up with the wage revision talks giving a leverage to make a foul bargain in the name of the Pension burden and the IBA becomes successful for prolonging the matter. The next agitation takes place on 6th and 7th August, 2009. On 7th August, 2009 IBA makes the offer of 17.50 percent wage hike and Pension Option, the latter on sharing basis in the ratio 70:30 by banks and employees.
Unions that sold out the already vested right to Pension of the employees in 2005 during the course of the 8th Bipartite by agreeing not to open the issue again now agreed to share the Pension burden out of wage hike. The delay made them to move through the dotted lines drawn by IBA and to agree to what they dictated. Now it is funny to see the unions beat their own trumpet on accomplishing Pension. The AIBEA and allies who blamed the victims for not opting for Pension and wanted to see that such people never get a chance again and the BEFI allies who stuck to their stand that CPF is beneficial even on realizing that they were wrong are now competing with each other to make the bank men believe that they made a fabulous achievement. They had leashed justice from reaching the victims and now they take a somersault from the South Pole to North Pole and pretend as apostles of Pension.
Stop weeping mother India. You have such great sons. They behave in their own strange ways.
1 comment:
I like this concept. I visited your blog for the first time and just been your fan. Keep posting as I am gonna come to read it everyday!! retirement pension
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