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Industry : Banking
Activity:  4 views;  last activity : 07 06 2010 20:18:09 +0000

RIntiate debateecent pay commision raised ceiling on gratuity from 3.5 to 10 lakhs and also made changes in pension,what is its effect on sbi retireesA)retired after effective date,B)retired prior to effective datei.e,01/01/2006.Intiate debate.

 
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1 RECENT PAY COMMISSION REPORT -SBI PENSIONERS

RECENT PAY COMMISSION REPORT -SBI PENSIONERS

idea posted by PULUGUNDLA RANGARAO Branch Manager/Regional Manager, retired SBI,CHIEF MANAGER
SINCE THE CEILING ON GRATUITY RAISED TO 10 FROM 3.5 LAKHS,AND IS PAYABLE BY PFCOMMISSIONERS CONCERNED,THE DIFFERENCE IS PAYABLE AUTOMATICALLY AS PARTICULARS ARE ALREADY AVILABLE WITH CIRCLES.REGADING PENSION INTIATE DEBATE.
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by Muralidharan Venkataraman, Partner/Principal/VP,  | 12 05 2008 15:07:02 +0000

Pension as  a third benefit is what is causing anguish to the FinMin. But few people know that this was the legacy benefit inherited by SBI from its predecessor Imperial Bank of India with the assurance of not causing any disruption.

However, Pension as a third benefit is not uncommon in the Public Sector. RBI, Airport Authority of India to cite a couple of examples.

It is time the SBI Pensioners move the Court and get due redressal.  Even for serving PSU Bank personnel, every wage negotiation is worse than a surgery without anaesthesia. They spend a couple of years negotiating with IBA, which is empowered to negotiate by the Govt. But the IBA is not empowered to conclude and sign any Wage Agreement. Once the tortuous process of protracted wage negotiation is completed with IBA, the mandarins of FinMin step in and introduce arbitrary changes. Again the next round begins.

What is called for is an end to this charade. 

Reg. SBI Pensioners, it is time their Pension gets revised on the same terms as for serving employees. This principle is firmly established now for Government employees. 

 

 

 

 

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RIntiate debateecent pay commision raised ceiling on gratuity from 3.5 to 10 lakhs and also made changes in pension,what is its effect on sbi retireesA)retired after effective date,B)retired prior to effective datei.e,01/01/2006.Intiate debate.
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