Deep resentment prevails amongst general insurance companies’ employees over non fulfillment of genuine demands –GIEAIA
Kanwar Inder Singh/ royalpatiala.in News/ April 10,2024
Regarding the notice served by the General Secretary of the General Insurance Employees All India Association, dated February 14, 2024, concerning IR action/strike calls over pending demands and various issues pertaining to Public Sector General Insurance Companies/ General Insurance Corporation (Reinsurance), addressed to the Chairman (GIPSA) and the CMD of The Oriental Insurance Co. Ltd., New Delhi, and endorsed to the Chief Labour Commissioner, Government of India, Ministry of Labour and Employment. Additionally, the Secretary of the All India Insurance Employees’ Associations and the General Secretary of the National Insurance Officers Association also sent notices to the Chairman, GIPSA, regarding the pending demands.
The Deputy Chief Labour Commissioner, Dr. R.G. Meena, New Delhi, convened a conciliation meeting on April 8, 2024, and notices were issued to GIPSA, OIC Management, NIC Management, as well as the associations. During the meeting, representatives of Unions and Associations raised the following demands before the CLC and the GIPSA management:
- Inordinate delay in the settlement of the Wage Revision due from August 1, 2022.
- Long-pending demand for improvement in Family Pension to a uniform rate of 30%.
- Updation of pension.
- Long-pending demand for an increase in NPS contribution to 14% and pension for all under the General Insurance
Pension Scheme, 1995.
These demands are for around 50,000 employees and officers & their families.
After a marathon discussion lasting more than four hours in a very amicable environment, the Dy. Chief Labour Commissioner (CLC) (Central) patiently listened to all the burning issues and requested the management to deliberate on the issues. On the matter of family pension and NPS at 14%, GIPSA acknowledged that they had already recommended these issues to department of financial services (DFS) and are awaiting their approval. They also confirmed that the wage revision charter has been forwarded to DFS for consideration. The GIPSA management agreed that demands raised by the Unions and Associations are genuine and that things are being delayed due to elections. The representatives of the associations submitted that there is deep resentment among the employees and that the wage revision should be expedited immediately, as it has been settled in the Banking sector and LIC. They demanded an increase in NPS contribution from 10% to 14% and an increase in family pension from 15% to 30%, as done in the Banks and LIC. The Dy. CLC referred to both parties, pointing out the obligations imposed under the provisions of Sec. 33 for employers and Sec. 22(1)(d) for Associations/Trade Union of the Industrial Disputes Act, 1947.
Deep resentment prevails amongst general insurance companies’ employees over non fulfillment of genuine demands –GIEAIA. After thorough deliberation, the conciliation proceedings were adjourned and fixed for June 13, 2024, at 2:30 pm in the Office of Dy. CLC, New Delhi. The representatives of the Associations and the Management jointly signed the minutes and proceedings along with the Dy. CLC, New Delhi.
