ARISE, the retiree organization of IOB and affiliated to the largest Federation of Retiree organizations in Banking Industry held its Annual General Council Meeting on 18th March 2024 at Kamarajar Auditorium, Anna Dalai, Chennai In grandeur and with zeal. Delegates from all over India filled the auditorium numbering nearly 1300. Aged but spirited, zealous, optimistic – it is what seen all around among delegates in their beaming smiles and agitated discussions. AIBPARC’s General Sectretary Mr. Suprita Sarkar and President Mr. K.V.Acharya spoke at length on issues and achievements and the tasks ahead. MD and CEO spoke about Bank’s recovery and his desire to do whatever is possible at bank level to IOB retirees. NCBE president Mr R.Balaji assured that pending issues concerning retirees were minuted on 8th March , 2024 as Residual issues with a time frame for their resolution and this will be ensured. The main issues, implementing Pension updation provided in Bank employees Pension Regulation No 35(1), Special allowance to be reckoned for terminal benefits as held by the Supreme in similar other cases, Health insurance cover to be subsidized by banks as most of the diseases are due to work hazards endured while in service and hence the cost of these deferred diseases should be borne by banks. For the health insurance, GST cannot be levied on premium paid because unlike other services, premium varies depending on age in health insurance for the very same benefit. The Govt should suitably reduce GST or levy GST on cover amount and not on premium.
SBC Karunakaran
General Secretary
ARISE
Working President AIBPARC
Dt.18/03/2024
Mr.K.S Rangarajan President ARISE welcomed the gatherings.Mr G D .Nadaf Advisor AIBPARC,Mr.K Chandrasekaran Secretary AIBPARC (TN) ,Mr .S.Balaji President NCBE & GS, AIOBEU & Mr M.R. Gopinatha Rao First Patron of ARISE extended their greetings and best wishes for successful conduct of Annual General Body Meeting.Dr.J .D. Sharma briefly explained the legal provision of our issues agitating in various courts.Mr SBC. Karunakaran besides vote of thanks , he also summed up by giving his views on long pending issues .