Phone 033 – 25734176 /Fax No.033-2573 3252
All India Regional Rural Bank Employees Association
President: Ajit Ghosh GOLDERS GREEN, Ground Floor F .G. Block
Secretary General: Dilip Kumar Mukherjee 1, Nazrul Islam Avenue (V.I.P. ROAD)
Kaikhali, Kolkata – 52
Circular No: 28 DATE: - 10.03.2011
(To be continued)
To please re-circulate it immediately
The General Secretary,
Units/State Federations/C.C. Members.
As per scheduled programme, Joint Forum of Gramin Bank Unions requested Hon’ble Finance
Minister & Secretary/Addl. Secy/Joint Secy,. Banking to grant appointment on 8th March’ 2011.
Secy Gen, AIRRBEA, as Convenor, regularly contacted all the offices for appointment. Then the
undersigned contacted P.S to F.M & Shri Basudeb Achariya, M.P on 7th March and learnt that the
appointment with F.M has been fixed by Shri Basudeb Achariya on 8th March at 12-15 PM. We also
requested Shri R.C Khuntia, M.P & President, AIGBEC to kindly accompany Shri Achariya and to
lead our delegation.
The representatives of all the constituents came to Parliament House. In an informal meeting of
J.F.G.B.U representatives present, the undersigned, as Secretary General,AIRRBEA placed the
following decisions of AIRRBEA in this regard for their consideration.
1. Association will not accept any model other than “Parity of Pension” as per Industry wise
2. Association will not start any dialogue on “Employee share” etc till the full status paper
on “Parity of Pension” is placed before AIRRBEA.
3. Association would strictly go by the rules / norms for “Parity of super ammunition
benefit” as applied in Banking Industry notionally considering RRB staff as “PSB staff”
as per “N.I.T Award”.
Representatives present of the Constituents accepted the above noted broad principles.
With the help of the letter issued by Shri Achariya,M.P, we came to the Parliament House in front of
F.M’s Chamber. Shri Achariya was busy in Parliament debate at that time on “women bill”& the
F.M was in hurry. So we, along with Shri R.C.Khuntia, M.P met Shri Pranab Mukherjee, Hon’ble
Finance Minister, G.O.I.
Shri Pranab Mukherjee, Hon’ble F.M first informed the undersigned that he had received latest
letter from D.K. Mukherjee on pension & forwarded the same to Banking Division. The note
prepared by Joint Forum was than placed before Hon’ble Finance Minister. Hon’ble F.M. enquired
from D. K. Mukherjee as to whether the undersigned had met the new Secretary, Banking? The
Undersigned submitted the report of his discussion with Secy. Banking on 23.02.2011. Hon’ble F.M.
then further observed that the file with details is yet to come to him. Then the Undersigned
requested Hon’ble F.M. to kindly request Secy. Banking to meet the full delegation of “Joint Forum”
on the same day since upto that time, no official appointment from the Banking Division had been
intimated. Hon’ble F.M. was kind enough to advise Secretary Banking to arrange dialogue on the
same day. The time was fixed at 4PM accordingly.
In the conference hall, the whole team of Banking Division was present to discuss with us:-
From Management side:-
1) Shri Shashikant Sharma , Secretary, Financial Services
2) Shri Rakesh Singh, Addl. Secy. F.S.
3) Shri Alok Nigam, Joint Secy. F.S.
4) Dr. Tarsem Chand, Director, F.S.
5) Shri. S. Arya, Sr. Research Officer, F.S.
6) Shri S. I. Jain, Dy. Gen. Manager( IDD-NABARD)
From the Side of Joint Forum:-
1) Com. Basudeb Achariya, M.P, leader of CPI (M) in Loksabha & Chairman, Parliament
Standing Committee on Agriculture,& Vice-President, C.I.T.U
2) Shri R.C. Khuntia, M.P, President, AIGBEC and Vice-President, INTUC
3) Leaders of all the Constituents of JFGBU.
During the Discussion, the following positive parts were observed
i) Other than “Parity of Pension”, no other model was proposed or discussed.
ii) No proposal for “Sharing” by “Employees” cane for discussion. “Sharing” of “Pension
fund” by the Stake Holders i.e. GOI (50%) Sponsor Bank (35%) State Govt. (15%) was
raised by Secretary Banking. How to Convince the State Govts for sharing the pension
liability (15%) was the main concern of the Secretary, Banking.
iii) GOI was confused over the issue as to whether the RRB staff would demand both “parity
of pension” & “Benefit of Contributory P.F.” We clarified that the RRB staff deserve &
demand “Parity of Pension” as per Banking Industry in lieu of “contributory” P.F.”
Secy. Gen, AIRRBEA made it emphatically clear that:-
1) Ministry assured to declare “Pension Parity” in January,2011 .GOI should take & declare the
policy decision immediately
2) Amortization facility would be extended to RRBs also as extended to PSB by RBI. So the
pension liability can be spread through a period of 5 years like PSB.
3) No Exemption from EFF Act. 1952 is required since as per section 16 of E.P.F. Act with
pension amendment 1995, GOI can easily notify for “parity of pension” as per section 17 of
the RRB Act without any formal exemption.
Moreover, Hon’ble Labour Minister, GOI himself moved the Secy. Banking to exempt the RRBs
from EPF Act. “Any better scheme” than EPS scheme 1995, if offered by the Management – no
exemption is required as directed by Hon’ble Supreme Court.
4) “Pension Fund” will earn more interest income since present market rate of interest for such
fund is higher.
5) Question was raised as to whether any “Policy Decision” on “parity of pension” can be
declared with “Election Code” restriction upto 13th May, 2011. We clarified that this is not a new
policy decision and it is in continuation of implementing N.I.T. Award – “Party of Salary
* (to be continued tomorrow)
With greetings, Yours comradely
Dilip Kumar Mukherjee
Secretary General, AIRRBEA