a) The Government of India had accorded approval to the Bank to distribute the amount of Rs. 289.64 crores, representing balancing cost of pension in respect of SBI arising out of the 9th Bipartite Settlement and Joint Note both dated 27.4.2010 amongst the employees in the form of allowances. This amount would however be frozen as on 1.11.2007 for the entire duration of 9th Bipartite Settlement. The Bank would have to submit a formal proposal for utilization of this amount to the Government for approval and the amount would be distributed after such approval.
b) (i) Pension may be granted on the basis of average of the last 12 months pay of service from 1.11.2007.
(ii) The ceiling of pay for the grant of pension @ 50% is raised from Rs. 21,040/- to Rs. 31,500/-, the maximum of the pay scale of Scale I officer with four stagnation increments, and if the pay exceeds thereto, then 40% of pay, subject to a minimum pension of Rs. 15,750/-.
The DMD & CDO further advised that in view of the said approval granted by the Government of India, both the Federations should withdraw the strike notice.
Both the Federations wanted to know the developments on other issues mentioned in the strike notice. DMD & CDO advised as under :
-> As regards commutation at par with industry demand, the Government had not yet responded.
-> Government did not find justification for Bank level improvement in Family Pension as it was an industry level issue and all Banks, RBI and various financial institutions have the same scheme.
-> On the issue of revision of pension of earlier retirees the Government was of the view that there were many court cases going on the subject due to which they were not in a position to take a favourable view at present. However efforts would be made to clinch the issue.
-> The issue of updation of Pension as in the case of Central Government employees needed to be taken up at Industry level.
-> The Bank would hold separate discussions regarding other issues mentioned in the strike notice viz. restoration of erstwhile modular structure and shifting of AGM (Admin).
-> Further discussions would also be held on the issue of withdrawal of instructions regarding penalty.
In view of the above developments regarding approval from the Government of India and the pro-active attitude of the Bank�s Management in properly presenting the issues to the Government and securing their approval and their assurance for discussions to resolve other issues of the Strike Notice, both Federations agreed for withdrawal of strike notice.
The meeting was chaired by Shri Narayanan Raja, Dy. Managing Director & Corporate Development Officer. On behalf of the Bank were present Shri B. B. Das, Advisor (HR); Shri Suresh Chandra, DGM (IR) and Shri Deepankar Bose, DGM (PM & PPG). On behalf of All India State Bank of India Staff Federation Com. Bhupen Kalita, President; Com. Prakash Gangal, Secretary; Com. M. V. Murali, Sr. Vice President; Com. P. A. Manjunatha, Sr. Vice President and Com. Shyamal Karmakar; Sr. Vice President participated. All India State Bank Officers� Federation were represented by Com. T. N. Goel, President; Com. G. D. Nadaf, General Secretary, G. Muthuswamy; Vice President and Com. D. Krishnakumar, Vice President.
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