PSGIC staff on agitating path for pay revision

Unresolved Issue

- Earlier on July 15, PSGIC staff held 1-day strike

- Unions term offer by GIPSA on wage revision as unjustified

Mumbai: The 58,000-odd employees of public-sector general insurance companies (PSGICs) are mulling over taking up two-day nationwide strike in favour of their demand for wage revision. They have already held a day-long nationwide strike on July 15. These employees are demanding the implementation of wage revision on the lines of LIC.

Talking to Bizz Buzz, Trilok Singh, co-convener, Coordination Committee of Bank, Insurance and Financial sector unions, and general secretary, General Insurance Employees' All India Association, said: "Apart from wage revision, which is due since August 1, 2017, on the lines

of LIC, we want NPS contribution of the employer at 14 per cent, improvement in family pension and other pending issues without any further delay. In case of any failure on the part of our managements to revert on priority basis, we may go for two-day nationwide strike on July 27-28."

Referring their letter dated June 23 and further follow-up on regular basis, Girish Khurana, National Convener JFTU-PSGICs, has requested all the employees to act fast on this inordinately delayed issue.

There is absolutely no concrete and visible action/outcome to resolve the issue. The recent communications on June 9 and June 22 have proved to be just an eye wash and an effort towards creating illusion and misleading the workforce. The humiliating and unjustified offer

made by GIPSA on wage revision in the meeting on June 22 endorses our viewpoint in this regard, he has said in a letter written to GIPSA Chairman, Suchita Gupta, who is also the CMD of National Insurance Company.

The trade union has requested the managements and the authorities in DFS to address the issue in a justifiable timeframe rather than sending formal and informal communication at the last moment to divert attention.