The seventh pay commission for central government employees has recommended an increase of about 24% for the central government pensioners also. I am sure the government will accept the recommendations and implement the same in tot.
However, in view of this recommendations, I wonder why the government and IBA should be shy about accepting the demand from the Bank pensioners too. It is surprising to note that during the signing of the 10th bipartite settlement with the unions of employees and officers of the Banks, IBA has mentioned that "as Banks do not have any contractual liability towards the pensioners, the demand for revision of pension along with salary revision cannot be accepted". If that be so, how come the pension of government employees is considered for revision?
A moot point to be considered here is the government is ready to shoulder the additional financial burden on account of the pension revision out of the revenue income, whereas the Banks are required to meet this liability from the profits earned by them from commercial operations. All the present day pensioners of the Banks have played a pivotal role in taking the Banks to the present level and hence is it too much to expect to claim a part of the annual profits towards a periodical revision of pension of these veterans? In line with the agitation by the soldiers for OROP, the Bank pensioners should also launch struggle to achieve this goal, if the government and IBA don't wake up and revise their decisions. Simultaneously efforts through other channels like negotiations, legal actions etc too should be continued, I feel.
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