""FLASH NEWS""

"" Listing of state general insurers may be staggered.""...""" New India Assurance launches “New India Premier Mediclaim Policy” with exclusive features and Sum Insured upto Rs. 1 crore""".... “The tentative decrease in D.A. Slabs is 9 for the months from February,2017 to April,2017 - The net number of slabs for Feb.,2017 stands at 469"".."" ALL MEMBERS OF NFGIE/GICEU: PL ENSURE PAYING LEVY ON WAGE REVISION IMMEDIATELY ON RECEIPT OF ARREARS TO THE RESPECTIVE STATE /REGIONAL UNITS TO STRENGTHEN FINANCIAL POSITION OF NFGIE AS WELL AS STATE UNITS OF GICEU""....."" WAGE ARREARS WILL BE PAID ON 05th FEB.,2016""...."" WAGE REVISION FILE WAS CLEARED BY FINANCE MINISTRY ON THURSDAY 14TH JAN.,2016 ONLY. EXPECTING NOTIFICATION AT ANY TIME. HOWEVER, ON TUESDAY 19TH JAN.2016 GIPSA GOVERNING BODY MEETING HELD AT 'GOA'. PAYMENT DATE MAY BE DECIDED BY GIPSA AUTHORITY.""..."" NEXT ROUND OF DISCUSSIONS WITH GIPSA ON 04TH, 5TH & 6TH nOV., 2015 AT HOTEL GOLCONDA,HYDERABAD- NFGIE SLOT FOR DISCUSSIONS ON WAGE REVISION WITH GIPSA AT 2 PM ON 04.11.2015""...""Received a call from Mr A K Singhal, Advisor, GIPSA to our National Federation General Secretary, Mr P S Bajpai regarding the next round of Wage Talks on 29th October 2015 (Thursday) at Mumbai. Detailed Circular follows.""..."" We have been informed by Mr. Vasant Khande,Mumbai that Mr. Ashish Shelar,MLA and BJP President of Mumbai is going to attend our NFGIE conference on 1st October,2015 in Chennai""...""Wage revision and Pension Option – Programme of Agitation::: 1. Lunch Hour demonstrations in all centres on 15th and 23rd September.2. Signature campaign (memorandum addressed to Finance Minister) to complete by 23rdSeptember.;3. No late sitting in offices and no work on Saturdays, Sundays and Holidays w.e.f. 23rd September, 2015;4. Joint Employees meetings in all offices to campaign;5. Perspective of strike actions in October ""......"23RD JULY IS NEW INDIA'S FOUNDATION DAY(23RD JULY, 1919). ON THIS HAPPY OCCASSION, LET ALL NEW INDIANS TO RE-DEDICATE THEMSELVES ONCE AGAIN TO BRING BACK IT'S GLORY AND TO RETAIN NO.1 POSITION WITH PROFITS




""NEW INDIA ASSURANCE BEATS COMPETITION, GETS $9.5 BILLION AIR INDIA DEAL. One of India’s biggest public sector general insurer, New India Assurance (NIA) led consortium of public sector insurance companies has been awarded the contract to insure Air India’s huge fleet of 126 aircrafts worth 9.5 billion dollars. The consortium outbid the tender submitted by private general insurance companies, for this contract floated by Air India. NIA will insure Air India for 9.5 billion insurance cover for a premium of $22.5 million, which would be a one of the biggest aircraft insurance deals in the whole of Southeast Asia. PSU insurers continue to insure Air India for 4th year in a row"".....""Thank u all for staging a successful DHARNA today (06.7.2015) all over India as part of JFTU programme. At Mumbai we met Chairman GIPSA who informed that ministry is insisting on wage settlement on bank line only. Still they are pursuing with the ministry for getting sanction for a better package for PSGI Companies citing various factors. Due to this GIPSA is delaying resumption of wage negotiation. More stringent TU action is needed by JFTU against Ministry of Finance stand. JFTU will decide its further programme....Than 'Q'...Sujit Bagchi,General Secretary, "NFGIE""...""


TOTAL WEB VIEWERS

Monday, June 16, 2014

Continuation of membership under EPF & MP Act, 1952 vis-à-vis GIC(Employees) Pension Scheme.



The 3rd June 2014.
 To
Mr. P. Nayak
General Manager(HRM),
The New India Assurance Co. Ltd.
87, M. G. Road, Fort,
Mumbai – 400001.

Re : Continuation of membership under EPF & MP Act, 1952 vis-à-vis GIC(Employees) Pension Scheme.

Dear Sir,
This is regarding our letter dated 11.2.2014 on  the captioned subject matter( a copy of which is enclosed). We are sorry to inform you that till date the matter has not been resolved. We once again solicit your immediate action for resolving the issues to enable the newly upgraded PTS for applying PF Loan.
 SUJIT BAGCHI
GENERAL SECRETARY
NFGIE,MUMBAI 

The following text of the letter was Enclosure to above letter:-


11.02.2014

MR.P.NAYAK
GENERAL MANAGER (HRM)
THE NEW INDIA ASSURANCE CO.LTD
87,M.G.ROAD
FORT
MUMBAI - 400001

 Sub: Continuation of membership under EPF & MP Act, 1952
          vis-à-vis GIC(Employees) Pension Scheme.

Dear Sir,

It must be to your knowledge, the services of casual/daily rated/contractor’s Workers engaged in the jobs of class-IV category of all PS General Insurance Companies were regularized and designed as Part Time Sweepers (PTS) keeping in view that the jobs they perform were permanent in nature.  Precisely, all those regularized class-IV staffs were termed as “Permanent Part Time Sweepers”.  Subsequently, the said PTSs have been upgraded as “Full Time Sweepers (FTS)”.  Ever since the process of said regularization, those PTS had been regular subscribers of PF as per the law, enjoyed all benefits admissible likewise other category of staff members.  Also as PF subscribers those PTS cast their votes in the PF Trust elections held in the past during the period of their service as PTS.  Moreover there was no instance of break or discontinuation of service in respect of the concerned PTS prior to their upgradation as FTS which otherwise establish that all those PTS and/or FTS were on continuous service.
 In the situation, we are grossly dismayed over the managements’ arbitrary, prejudicial and irrational act of treating the said upgradation as fresh recruitment and throwing the upgraded FTS out of the ambit of EPF & MP Act, 1952.  Most unfortunately, the management of New India Assurance Co. Ltd. in utter disregard to law of the land in a high handed manner trampled the norms of justice and denied the respective FTS their continuity of service. It is pertinent to mention that New India Management vide its  circular, CORP:HRM:PROMOTION/CL III-IVCELL/SNN/2013 dated 3rd May, 2013 has recognized the continuation of the past service of the said PTS by way of amendments to the Para 15.1 and Para 17.1 of the Promotion Policy-2008.  This amply clears that the  services of the upgraded FTS is a continuation of service and not a new recruitment. It may be noted further, simultaneous to their becoming members of PF after joining as PTS they also exercised option for GIC (Employees) Pension Scheme, 1995.  Therefore, upon upgradation we strongly opine, the concerned FTS shall in no way can be placed under New Pension Scheme defying the option they have exercised.  Rather their option for GIC(employees)Pension Scheme should receive due cognizance.

Hence  We feel that Para 8 of the  Gazette Notification No.SO2472(E) dated 8th October 2010  issued by Gov t of India, Ministry of Finance(Department of Financial Services) needs to be suitably amended. For this we demand of you to take up the matter with Ministry of Finance for necessary Gazette Notification

We fervently request your prompt response and a line in confirmation as well.

Thanking you,
 Yours sincerely,
Sd/- Sujit Bagchi
GENERAL SECRETARY
NFGIE



 

No comments: