NCBE calls for early resolution of long-pending demands
In Short
As part of their demands, the NCBE demanded declaration of all Saturdays as holidays instead of only the second and fourth Saturdays
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Representatives of NCBE and UFBU voicing their demands during the dharna organised in Visakhapatnam on Friday
Visakhapatnam: The National Confederation of Bank Employees (NCBE), a major constituent of the United Forum of Bank Unions (UFBU), strongly urged the Government of India to take immediate action on three long-pending demands of bank employees.
Their demands included implementing a 5-day working week by declaring all Saturdays as holidays; constituting a committee with all stake holders to evolve an amicable and mutually acceptable formula for assured retirement security without market risk; and merging DA up to 8088 CPI points for bank pensioners who retired prior to November 1, 2022.
As part of their demands, the NCBE demanded declaration of all Saturdays as holidays instead of only the second and fourth Saturdays. The NCBE said that the agreed increase of 40 minutes in daily working hours from Monday to Friday will ensure no reduction in total customer service hours and called upon the government to respect the negotiated settlement and approve 5-day banking without further delay.
As retirement benefits are a matter of social security, the NCBE stated that employees who devote several decades of their productive lives to the banking industry deserve certainty and dignity in their post-retirement life. The government recognised the need for greater assurance in retirement benefits through the Unified Pension Scheme (UPS) for Central Government employees. This reinforces the need to examine the pension arrangements applicable to bank employees. After a lifetime of service, retirement should not become a period of financial uncertainty. The NCBE called upon the Government of India, particularly the Ministry of Finance, and the IBA to initiate discussions with all stakeholders and resolve these long-pending issues through dialogue.
