BOBROA is actively engaged in bringing following benefits to Retirees at the Bank of Baroda level as well on other Retirees' issues at Industry level with our Apex Retirees' Organisations- RBONC, AIBPARC and CBPRO
A. Demands put up by UFOBOBRA {BOBROA, VBRA, AIBOBRA, AIDBRF} on Bank of Baroda
- Full reimbursement of GHI Premium
- Having Bank’s Regular meetings with UFOBOBRA at HO and Central Office level.
- Additional Staff Interest of 1% on the Deposits of Bank’s Retirees’ Organisations
- Free Medical Check-up of Bank’s Retirees every year
- Retirees’ Representation on Staff Welfare Fund Committee
- Retirees’ Representation on Pension Fund Trust
- Removal of restrictions (for Retirees) on Holiday Home facility
- Interest free Festival Advance to Retirees
- Access to Bank’s Circulars relating to Retirees
- Removal of anomaly in commutation of eDens Bank Retirees
- Payment of stagnation increments to eligible retirees
- Using services of retired for CSR
- CMS for eVRS 2001 and Special Medical Aid
- CMS for retirees after 1/11/2015
- Meeting with legal team for outside court cases settlement
- Providing Generic Data on Pension Fund trust
- HR connect OTP time for 5 minutes instead of 2 minutes
- Restoration of commuted value of pension after 10 years
- Extension of pension option to Resignee officers , data on retiring,VRS Optees and Family Pensioners
- Special Interest Free Personal Loan for payment of GHI Premium
- Payment of Arrears arising out of change in Commutation Period i.e. Restoration of Commuted Value of Pension after completion of 10 years of recovery
B. Present Position of the Demands, which are pending at industry level and are being persuaded by BOBROA with our Apex Retirees Organisations- RBONC, AIBPARC and CBPRO
- Pension Updation on RBI lines
- GHI Premium on Base Policy to be borne by Banks and waiver of GST on premium paid and payment of premium in instalments, additional cover for COVID 19, affordable premium on top up cover
- Structured forum for redressal of grievances of retirees - Discussions to be held with apex organisations of retirees
- Pension option to the Left Outs and recruited after 1/4/2010
- Special Allowance to be reckoned for all Terminal and Retirement Benefits including Pension
- Anomalies in stagnation increment of S/G V retiree officers- retired from 1/11/17 to 30/10/20,
- Allowing retired officers to act as defence representatives for charge sheeted retirees
- Dearness Relief of Pensioners to be fixed at 8088 Index by shifting Base Year from 1960 to 2016
- Unified Pension Scheme to existing retirees under NPS
- Restoration of commuted value of pension after completion of 10 years of recovery
- Enhancement of ceiling in gratuity from 10 to 20 lakhs w. e. f. 1/1/2016 and 20 lakhs to 25 lakhs and Gratuity issues— 45 days for every year on completion of 30 years’ service, dividing monthly salary by 26 days, Special Allowance to be considered , DA under OSR be included
- Eligibility for full Pension be 20 years instead of 33 years.
- Avoid initiation of Disciplinary Actions against officers on the eve of or after retirement
- Providing Office Space for Retiree Organisations
- Bank’s contribution to the Welfare Fund be linked with its operating profit and to have uniform share in Welfare Fund spending for retirees ,
- Best of HR practices given to employees of the Merged Banks
- Representation of Retiree’s on Pension Fund and Staff Welfare Fund
- Interest Free Festival Advance to Retirees
- Universal application of High Courts/ Supreme Court Judgements
- Exemption of Pension, Interest on SB Accounts and Bank Deposits of Pensioners from Income Tax
- Abolition of NPS and offering defined benefit Pension scheme to those recruited from 1/4/2010
- Awarding any penalty under Regulation 4 of Disciplinary and Appeal Regulations after superannuation and abolition of Reg. 22
- Fact check of Actuarial estimate of 22000 Crores for 15% to 30% rise in Family Pension