03rd March 2015
Dear Friends,
Please Read and Circulate
The 3rd round of
discussion held at Hotel Golkonda, Hyderabad today at 2.15 pm. Apart from Mr A
K Singhal chief executive officer (CEO) of GIPSA, GM (P)’s from the four GIPSA
companies and GMP of GIC, along with other officials of the PSGI companies
participated in the meeting from the management side. NFGIE was represented by
Mr Sujit Bagchi, General Secretary and Mr S Udaya Kumar, General Secretary,
GICEU, Karnataka.
Before initiating
discussion Mr Singhal informed the house that revision in the promotional
policy of the class I has been finalized and revision of the promotional policy
for others will follow soon. Further, some changes in the staff Group Mediclaim
Policy such as inclusion of disabled children above 25 years has been allowed,
another one time option for inclusion in the staff group mediclaim for left out
retired persons and continuation of independent children above 25 years in the
mediclaim policy has been allowed. For this necessary instructions have already
been issued.
Now coming to the
main agenda of the meeting, a formal presentation was given depicting the
present scenario of the PSU General Insurance Industry was given along with the
original agenda and thereafter a 15% wage rise on the wage bill as on
01/08/2012 was offered.
Reacting to the offer on behalf of the NFGIE it is stated that judging by the performance of the PS General Insurance Industry in the period under review should result a better wage deal and that expectations has not been fulfilled by this offer. It was pointed out that during the period, the GDPI of the PSU companies has reached a very good level and the productivity of the employees has also increased. The average growth rate for the past 5 years has risen to 15.91% and dividend paid by the PSU’s to the Govt of India is to the tune of 598.66 crores with a profit before tax 3596 crores, the offer should have been far better. It was further pointed out that the investment income and net worth has also grown to very good and satisfactory levels. But in spite of that GIPSA instead of rewarding the employees has imposed on them a discriminatory staff group Mediclaim policy, denied PLLI to all and curtailment of existing LTS benefits. More than 2000 offices have been opened and it is the employees of all classes who are trying hard for all round improvement and performance of the PSU companies. It was also demanded that the recruitment of Class II employees is very much required for sustenance of the growth of the PSU companies. The danger of dependence on brokers and other intermediaries on procurement of business was highlighted. It was demanded that the service of class II employees shall be suitably changed to provide them required relief.
Reacting to the offer on behalf of the NFGIE it is stated that judging by the performance of the PS General Insurance Industry in the period under review should result a better wage deal and that expectations has not been fulfilled by this offer. It was pointed out that during the period, the GDPI of the PSU companies has reached a very good level and the productivity of the employees has also increased. The average growth rate for the past 5 years has risen to 15.91% and dividend paid by the PSU’s to the Govt of India is to the tune of 598.66 crores with a profit before tax 3596 crores, the offer should have been far better. It was further pointed out that the investment income and net worth has also grown to very good and satisfactory levels. But in spite of that GIPSA instead of rewarding the employees has imposed on them a discriminatory staff group Mediclaim policy, denied PLLI to all and curtailment of existing LTS benefits. More than 2000 offices have been opened and it is the employees of all classes who are trying hard for all round improvement and performance of the PSU companies. It was also demanded that the recruitment of Class II employees is very much required for sustenance of the growth of the PSU companies. The danger of dependence on brokers and other intermediaries on procurement of business was highlighted. It was demanded that the service of class II employees shall be suitably changed to provide them required relief.
On the issue of
management agenda, it has been stated on behalf of NFGIE that every time on
wage negotiations GIPSA management comes out with this issue and we reiterated
that it should be discussed separately. We have raised our objections for the
mechanical implementation of the TMP, will only hamper productivity of the
employees and burden the company with more cost.
Now it has been
demanded with improved offer with 100% neutralization of DA as on 01/08/2012,
and running scale for Asst and Sr Asst and another option for pension, updation
of pension and upward revision of family pension in line with the Central
Government Pension Scheme. After hearing deliberations from all the leaders of
the checked off unions Mr A K Singhal, CEO, GIPSA summed up the negotiations saying
that 15% has been offered after taking into account all the possible parameters
of the PSU industry. Regarding another option of the pension it has been said
GIPSA is sincerely pursuing with the ministry and hopeful of getting it.
Regarding the issue of New Pension Scheme (NPS) GIPSA informed us that the
matter has been taken up for necessary clearances and hoping that it will be
resolved soon. On the implementation of posting and transfer as per ministry
circular for the female employees, HO management is discussing the issue for
framing the modalities for such transfers/postings. On the issue of the Class
II matters, GIPSA agreed to have separate discussion. Regarding LTS, GIPSA may
consider lump sum payments in lieu of compulsory travel. GIPSA has informed
that they are contemplating to provide coverage under Staff Group Mediclaim
Policy to the new recruits from Day 1 (date of appointment).
We have demanded
GIPSA to come out with improved offer at the earliest and call full committee
separate meeting with all the check off qualified unions to finalize the wage
negotiations.
Friends, the
coming days will be very crucial for all working in the PSU industry and for
securing a better deal from the GIPSA management we have to be ready for any
type of agitation in the coming days.
Yours sincerely,
Sd/-xx xx xx,
SUJIT BAGCHI
GENERAL SECRETARY
NFGIE
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