I.O.B. RETIREES’ ASSOCIATION (Affiliated to the All India Bank Retirees’ Federation, New Delhi) Cordially invites you to attend the Platinum Jubilee celebrations of Indian Overseas Bank On Wednesday the 10th August 2011, 05.30 p.m. Sri M. Narendra Chairman and Managing Director, Indian Overseas Bank will be the Chief Guest Sri AL. Chandramouli President, I.O.B.Retirees Association presides. Greetings by Sri A. Vellayan Director, Indian Overseas Bank & Chairman, Murugappa Group Smt. Nupur Mitra Executive Director, Indian Overseas Bank Sri A.K. Bansal Executive Director, Indian Overseas Bank Sri G. Ravindrakumar Gandhi General Manager, Indian Overseas Bank Com. L. Balasubramanian President, AIOBEU Venue: Dakshinamurthy Auditorium, P.S. Higher Secondary School, 215, Ramakrishna Mutt Road, (Opp. R.K. Mutt) Mylapore, Chennai 600 004 PROGRAMME (10-08-2011 ) 05.00 p.m. : High tea 05.30 p.m. : Platinum Jubilee celebrations of our bank. D Prayer D Welcome Address: Sri. T.R. Venkataraman D Presidential Address: Sri. AL. Chandramouli, President D Address by Chief Guest: Sri. M. Narendra, C & M.D., IOB D Presentation ofPay Back Scheme cheque to Mr. A.R. Palanisamy, Secretary SEED Introductory Remarks: Sri. J. Balasubramanian Presentation of Cheque: Sri. KM. Narayanan D Honouring Retired General Managers D Honouring AIOBEU and IOBOA D Felicitations : Sri. A.Vellayan, Director, IOB Smt. Nupur Mitra, Executive Director IOB Sri. A.K. Bansal, Executive Director IOB Sri. G. Ravindrakumar Gandhi, General Manager, IOB Com. L. Balasubramaniam, President AIOBEU Com. S. Srinivasan, General Secretary AIOBEU D Vote of Thanks :Sri. B. Ramji , General Secretary D National Anthem Quarterly News Bulletin of I.O.B. Retirees' Association Volume : 2 August 2011 Issue: 3 President Speaks My Dear Veterans! Since our last Issue many good things listed below have happened in our Bank for the Retirees thanks to the positive attitude exhibited by our beloved C & M D Mr. Narendra, General Managers Mr. S. Chandrasekaran, Mr. G.R. Gandhi, Deputy General Manager Mr. V.C. Ramachandran and the Personnel Department. They are: 1. An additional Ex-Gratia of Rs1000/- over and above normal Ex-Gratia of Rs2090/- are being paid to Pre 1986 Retirees and spouses of deceased Pre 1986 Retirees. We have been representing to the Bank for increasing the Ex-Gratia amount since 1st September 2008. We are happy Bank has conceded to our demand now. This is IOB exclusive. Had our Retired Executive Director Mr. S.N. Soni been alive he would have been happy because this was the demand made by his wife when the undersigned and Mr.B.Ramji called on them in Lucknow. Now his wife along with others will get this benefit. 2. Bank has set up Grievances Cell in response to our demand made to the Parliament Committee. our Bank’s Circular quoting IBA’s Circular refers to this in their preamble. 3. Doubled the amount under Pensioners Loan. 4. Started Issuing Identity Cards to the Retirees. Those of you who have not yet got the Identity Cards can approach Pension Paying Branch for the same. Bank is actively considering : To give one more option for the Retirees to join REMAS and permit optees of VRS 2000 also to join the scheme after their superannuation. To Sanction Festival Advance for Retirees. Our Bank under the dynamic leadership of Mr. Narendra backed up by devoted IOBIANS is doing extremely well showing good results. I am sure shortly Bank will regain its glory and become the Best Bank in the industry. In the recently concluded Executive Directors interview our Bank has got bountiful with selection of Mr. S. Chandrasekaran and Mr. M.S. Raghavan as Executive Directors to fill the vacancies in UCO Bank and Indian Bank respectively. Mr. S.N. Mishra has been selected and kept in the waiting list. I congratulate all of them and wish them all the Best in their tenure as Executive Directors. I am happy to note that IOB’s potential has been recognized and wish the same trend continues in the years to come. We are celebrating Platinum Jubilee of the Bank on 10th August 2011. Our Chairman and Managing Director Mr.Narendra, Mr.A.Vellayan Director of our Bank and Chariman Murugappa Group along with Executive Directors Mrs.Nupur Mitra and Mr. A.K.Bansal will address the Retirees. Com Mr.L.Balasubramanian President AIOBEU and General Secretary NUBE will also offer his felicitations. Formal Inivtation is enclosed to this issue of The Veteran. I request all Veterans to attend the meeting without fail. At the apex level we are trying to form Tamil Nadu Bank Retirees’ Fedeartion . So far we had meetings in Pondicherry. Coimbatore, Salem, Trichy and Madurai. The response everywhere was overwhelming. The Federation will be inaugurated shortly in Chennai. Once again I request you to attend the proposed meeting of our Association on 10th August 2011 and make it a resounding success. With Regards, Yours truly Al. Chandramouli President CONTENTS 1)President speaks 1 8) FEDERATION NEWS 2) G S Speaks -The Course of a movement 2 Office-bearers meeting of AIBRF AGITATIONAL PROGRAMME LAUNCHED BY AIBRF 3) An Appeal SUPPORT FROM UFBU: NATIONAL CONVENTION 4) Pay back Grows AIBEA writes to Finance Minister on Grievances of Bank retirees 5) Association News Tamil Nadu Bank Retirees’ Federation Formed AIBRF Central Committee meets Meeting with Sri. S. Chandrasekaran - GM (PAD) on 10-03-2011 No Income tax return Matters taken up with the Bank 9) BANK NEWS New Pension Optees: Deduction of tax at source: Sri.G. Ravindra Kumar Gandhi takes over as General Manager (Personnel) Pension Payment toIOBPensioners on the last working day IOB crosses business mix of Rs 2,50,000 crores Chennai–1 and Chennai -4 Regional Councils Joint meeting IOB ‘s Hat trick plus Kolkata Regional Council, Quarterly Meeting and 10) Personal Annual General meeting 11) Obituary Madurai Regional Council Inaugurated 12) Deposit Mobilisation Campaign Palakkad Regional Council : Meeting of 24-04-11 and 17-07-11 13) Bank Pass Book Hyderabad Regional Council meeting Salem Regional Council Inaugurated 14) Dearness Relief from August2011 to January 2012 —32 6) New Pension scheme Launched 15) LEGAL CORNER HC: Don’’t make retirees run pillar-to-post for benefits 7) AIOBEU launches NUBE Historic Judgment by Madras High Court: 2 G S Speaks Dear Veterans ! The Course of a movement When history is made, the people involved are neither aware of it nor about their role in it. It is true of First war of Independence in 1857, Quit India movement or Salt Satyagraha. Similar is the case of trade union movement in Banks or the Bank Officer trade union movement, wherein we were all actively involved till our retirement. History never tires of repeating. It is happening once again. The growth of Bank Retirees’ organizations is slowly and steadily building up into a movement.AIBRF is undoubtedly the pioneer and leader of this movement. The defining events in the course of the movement are Our appearing before the Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice on 28th January 2009 and our stellar role in securing one more option for pension for retirees. Our conscious efforts to promote and retainall cadre character in our organization meting out equal treatment to all retirees whether he/she is a General Manager retiree or a part time sweeper retiree, to bring all the retirees who are not members of any retiree organization, into the movement and work in co-ordination with in-service organizations under the umbrella ofUFBU for achieving our demands has won the appreciation of retirees as well as serving employees. It has also earned us respectability with IBA as well as Government Circles. It is worth recording here that Bank Retirees movement is distinctly different from the earlier two movements- Employees’ movement and Officers’ movement. This is the third movement. Its growth is steady and strong. As in any movement, this movement too is finding its own course, defining its goals and producing strong and capable leaders. There are two types of retirees’ organizations in banks. There are all-cadre organizations where award-staff retirees, retired officers and executives are members. Their ideology is that after retirement, there is no difference between them. These organizations are mostly affiliated to All India Bank Retirees’ Federation (AIBRF). There are some more organizations whose membership is restricted to retired officers. These organizations are mostly affiliated to Retired Bank Officers’ National Confederation (RBONC). Both these organizations have come together under the umbrella organization United Forum of Bank Retirees’ Organisations (UFBRO). Both AIBRF as well as RBONC have affiliates in a number of Banks – AIBRF in 18 and RBONC in 12 – accounting for a total membership of around 80,000 retirees. Both these organizations are very active in representing retirees’ issues and problems before individual bank managements as well as IBA and the Govt. Both are fully exploiting the judicial forums to protect the retirees’ interest. Their role in securing 5 year weightage for VRS 2000 retirees and securing one more option for pension to the retirees is substantial and can not be ignored. IOBRAas well as AIBRF, representing UFBRO, appeared before the Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justiceon 28th January 2009, wherein IBA( represented by its CEO, Deputy CEO and Personnel officer)Dept of Banking of Ministry of Finance( represented by the Joint Secretary) and other Departments of the Govt of India, Dept of Personnel, Dept of Pensions, Dept of Public grievances and a number of M.Ps who are members of the Committee participated. We raised all the issues concerning retirees in the meeting. The issues raised are- 1.Pension Updation, 2.Sanctioning D.A.Neutralisation at 100% to retirees who retired prior to 31-10-2002.3.Payment of arrears from date of retirement to30-04-2005 and commutation difference on account of rectification of Basic pension anomaly in the 8th Bipartite in respect of post 1-04-98 and pre 01-05-2005 retirees.