ELEVENTH BIPARTITE MOU SIGNED !
Comrades,
You are aware that the much-awaited resumption of Wage Talks has resulted in very positive developments by signing the MOU with 15 percent hike in wages and other understandings with a decision of concluding the settlement with all details within 90 days from the date of signing the MOU.
The only Major satisfaction for Bank Pensioners and Retirees is the information given to UFBU Team by the Chairman of IBA that Improvement in Family Pension at 30 % without any capping on the lines of Government India Employees Family Pension is agreed to.
Our other long pending issues like Updation of Pension, 100% DA neutralisation to pre November 2002 retirees, Medical Insurance Premium, etc.,still need to be resolved. Our Apex body AIBPARC thus taking up the matter again with UFBU and Ministry of Finance. The said letters are attached hereunder for your information.
Let’s all hope for the best !
Regards,
Krishnaraj P
Joint General Secretary
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