Tuesday, November 12, 2013

Pension option to Resignees/VRS News!!

Pension option to Resignees/VRS News!!

It is almost certain that all bank employees(opted for P.F in 1995) who resigned thereafter is going to get 2nd pension option. Yes, read the following

12.11.2013: Punch No.3
High court of Karnataka on 25.,10.2013 dismissed the REVIEW petition by Vijaya Bank on the above subject.


Saturday, November 9, 2013

Health Insurance Scheme:

Discussion Paper on proposed Health Insurance Scheme:

IBA’s proposal of Health Insurance Scheme in lieu of existing Hospitalisation Expenses Reimbursement Scheme.

As you are aware, presently, under our Bipartite Settlement, hospitalisation expenses are reimbursed upto 100% for employees and 75% for eligible family members as per the prescribed schedule of charges. In our Charter of Demands for the 10th Bipartite Settlement, we have demanded for improvements in the scheme to cover 100% of the expenses for self and family without any restrictions.  In response to our demand, in the last round of discussions, IBA proposed introduction of Health Insurance Scheme in lieu of the existing reimbursement scheme.

The broad sketch of the proposed scheme is as under:

Ø  100% reimbursement or cashless settlement of hospital bills for self and dependent family members with the following ceiling:

Officers       :        Rs. 4,00,000 per year
Clerks         :        Rs. 3,00,000 per year
Sub-staff    :        Rs. 2,00,000 per year