Note on extract from Banks letter….:Source–K R Saini


Keshav Saini

to antony, me, ramachandrapp, hganaiyer46, T.r., murthy, jpdatta, slgupta68, rajkumarnegi, Sudhir, Narinder, babu2609, srinivasan, Atam, choprabmk1945, govinds65, veekg, sivagyanam, Sampath, Lakshmanan, Dhanabalan

DEAR SIRS,IN CONTINUATION OF MY WRITE UP DATED THE 6TH AND 7TH MAY,2016—PART3.
       AFTER THE 7TH BIPARTITE SETTLEMENT DATED 27.03.2000,MAXIMUM BASIC PAY IN S.B.I WAS RAISED TO RS23700/ PLUS ELLIGIBLE ALLOWANCES FOR THE PURPOSE OF PENSION .ACCORDINGLY BANK PUT UP ITS RECOMMENDATIONS VIDE LETTER NO CDO/PM/16/SPL/344 DATED 26TH JULY,2000 AS UNDER——- 
a)ALL EMPLOYEES AND OFFICERS DRAWING BASIC PAY AND APPLICABLE ALLOWANCES )    50%OF THE
   UPTO THE MAXIMUMPAY AND ALLOWANCES OF JMGS-1OFFICER AFTER SCALE MOVEMENT )PAY
                    &                                              APPLICABLE    
AND SANCION OF STAGNATION INCREMET,PQA AND FPA WHICH COMES TO RS14940/ )  ALLALLOWAN
b)OFFICFER DRAWING PAY AND ALLOWANCES MORE THAN (a)ABOVE )40%O F THE PAY SUBJECT TO THE
       MINIMUM OF RS7470/
  HOWEVER,THE GOVERNMENT DID NOT APPROVE BANK’S RECOMMENDATIONS AND ADVISED THE BANK SHOULD WORK OUT PENSION TAKING INTO ACCOUNT THE PROVISION FOR COMPUTATION OF PENSION AS PROVIDED INTHE INDUSTRY LEVEL SALARY/BIPARTITE SETTLEMENT.ALTHOUGH THESE PROVISIONS WERE NOT APPLICABLE TO S.B.I.THE ATTENTION OFTHE GOVERNMENT OF INDIA WAS TO BRING PARITY IN COMPUTATION OF PENSION  WITH NATIONALISED BANKS.THE COMPUTATION OF PENSION AS PER INDUSTRY SETTLEMENT IS DONE ON THE BASIS OF PRE1.11.1997/1.04.1998 PAYAND ALLOWANCES ,HAD THERE BEEN NO REVISION W.E.F 1.11.1997/1.04.1998 PLUS D.A PAYABLE UPTO 1616 POINTS OVER 1148 POINTS..LATER ON AFTER THE DISCUSSIONS BANK HAD WITH GOVERNMENT OFFICIALS,THEY DESIRED THAT BANK TO SUBMIT REVISED COMPRESSIVE PROPOSAL INTHIS REGARD.
        ISSUES UNDER CONSIDERATION.
WHILE CONSIDERING REVISION INNPENSIONNSCHEME UNDERNOTED ISSUES ARE REPEATEDLY RAISED—–
a)GOVERNMENT WAS OF THE VIEW THAT BANK’S SUPERANNUATED BENEFITS ARE MORE LIBERAL THAN OF NATIONALISED BANKS.
HOWEVER BANK’S COMMENTS AND VIEWS ON ABOVE ISSUES ARE AS UNDER–
1)COMPARATIVE POSITION OFSUPERANNUATION BENEFITS INSBI AND NATIONALI8SED BANKS PRIOR TO AND AFTER INTRODUCTION OF THE PENSION SCHEME IN NATIONALISED BANKS ARE GIVEN BY THE BANK WHICH I AM NOT MENTIONING IN MY THIS NOTE.HOWEVER IT WILL BE OBSERVED FROM THISVINFORMATION PRIOR TO MINTRODUCTION OF PENSIONNSCHEME IN NATIONALISED BANKS,THE S.BI HAD TWO BENEFITS,I.E,C.P.F AND PENSION AND NATIONALISED BANKS HAD C.P.F AND SERVICE GRATUITY.THE GRATUITY CAME IN S.BI BY STATUTORY PROVISION AND ACT IN PARLIAMENT (1972).ON WHICH S.B.I HAD NO CONTROL.THE S.BI NEVER INTENDED TO EXTEND 3RD BENEFIT TO ITS EMPLOYEESAND IT WAS MADE TO PAY RETIRED EMPLOYEES.DESPITE HAVING SOUGHT EXEMPTION OF VTHIS ACT ,GOVERNMENT DECLINED THE PROPOSAL.AND BANK HAS TO PROVIDE THE GRATUITY ALSO IN ADDTION TO C.P.F AND PENSION.AS A RESULT OFTHIS EPISODE THE 7THBIPARTITE RETIREES ARE GETTING PENSION ON THE BASIS OF PRE REVISED PAY OF 7THBIPARTITE I.E ON THE BASIS OF 6TH BIPARTITE PAY SCALES AND D.A  1148 POINTS OF 6TH BIPARTITE D.A.     TO BE CONTINUED PART4—–
K.R.SAINI

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Author: neelkanth

Certainly not a celebrity but do have inquisitiveness to know things, realise them and live them to the extent possible. My interest in History, Art of Living and behavioural science is an element that inspires me.Am a poet,an author,a consultant, an advisor on computers and behavioural science.Served as Director in Central Board of State Bank of India.Remained associated with trade union activities and industrial relations as President,All India State Bank of India Staff Federation.Led a delegation on computers to several countries abroad number of times as from State Bank of India/ Banking Industry. Was twice accorded with NATIONAL AWARD FOR EXCELLENCE by All India Freelance Journalists Association, Chennai (India). My email address is: neelkanthshahi@gmail.com

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