10th Bipartite Pay scale Finalized today

10th Bipartite Pay scale Finalized today

:: Scale of pay finalized::
Clerks: 11765 to 31540
Substaff: 9560 to 18545
(20 stages)

::8 STAGNATION increments.
5 once in 3 years and
3 once in 2 yrs -

 ::8th stag. Inc. w.e.f.1.5.2015

 :: DA - 0.10% per slab


 :: HRA - 10%, 9% and 7.50%
(Only 3 areas. 3rd and 4th clubbed)

 :: Transport - upto stage-15  - 425
stage 16 & above - 470

:: Medical - 2200

:: Spl Allowance @ 7.75% of Basic with DA thereon -

::Settlement may be signed on 25th.

10th Bipartite Pay scale Finalized today

10th Bipartite Pay scale Finalized today

:: Scale of pay finalized::
Clerks: 11765 to 31540
Substaff: 9560 to 18545
(20 stages)

::8 STAGNATION increments.
5 once in 3 years and
3 once in 2 yrs -

 ::8th stag. Inc. w.e.f.1.5.2015

 :: DA - 0.10% per slab


 :: HRA - 10%, 9% and 7.50%
(Only 3 areas. 3rd and 4th clubbed)

 :: Transport - upto stage-15  - 425
stage 16 & above - 470

:: Medical - 2200

:: Spl Allowance @ 7.75% of Basic with DA thereon -

::Settlement may be signed on 25th.

At Last 10th Bipartite Settlement Meeting Ended by increase at 15% on Payslip Components

The Final settlement of 10th BPS wage negotiations ended at 15%.

Today UFBU & IBA finalise on that matter.

Also, every 2nd & 4th Saturday of every Months will be Holidays while the other Saturday will be Full Working Days.

The Complete Circular will be coming soon.

At Last 10th Bipartite Settlement Meeting Ended by increase at 15% on Payslip Components

The Final settlement of 10th BPS wage negotiations ended at 15%.
Today UFBU & IBA finalise on that matter.
Also, every 2nd & 4th Saturday of every Months will be Holidays while the other Saturday will be Full Working Days.
The Complete Circular will be coming soon.

Negotiate, don’t agitate: IBA to unions

17.5% hike in the previous settlement was an exception: IBA

Mumbai, December 25: In the ongoing tug-of-war between unions and bank managements on the issue of wage revision, the Indian Banks’ Association has weighed in saying that the previous bipartite wage settlement was an exception as compared to earlier settlements and cannot be quoted as precedent.

Wage issues

This observation by IBA, which is the representative body of banks, comes in the backdrop of the 10th bipartite wage settlement in the banking sector being delayed for more than two years and unions, representing the interests of about 10 lakh employees, deciding to intensify their agitation for a wage hike.

According to the unions’ game plan, bank employees will not report to work for five days— January 7, and January 21 to 24— next month to press their demand for a wage hike. If bank managements do not settle the issue of wage revision in January-February then the unions have threatened to go on an indefinite strike from mid-March.

While bank managements are willing to offer 11 per cent wage hike, the expectation of the unions is for a 25 per cent (negotiable to 23 per cent) wage hike. In the previous (9th) bipartite wage settlement, covering 2007-2012, an average wage hike of around 17.5 per cent was given.

Aberration

Pointing out that in the past seventh and eighth bipartite settlements, the wage increase was between 10 per cent and 13 per cent, the IBA, in a statement quoting its Chief Executive MV Tanksale, said, “The ninth bipartite settlement was an exception…

“In the current wage settlement, a hike of 11 per cent on salary and allowances has been offered, based on the paying capacity of all the banks, lower profitability, higher requirements for provisions and further capital requirement under Basel-III, translating into 12.5 per cent on the balance sheet cost. This too is unaffordable to some of the banks.”

Back to the table

The Association said the issues regarding wage negotiation deliberated in the Negotiating Committee of the IBA were further discussed in a larger forum— Managing Committee of IBA— and the Chairmen of all the banks felt the demand for 23 per cent increase made by the Unions/Associations is unaffordable, illogical, exorbitant and irrational.

While IBA has appealed to the Unions/Associations to give up the agitation and return to negotiations to resolve the wage revision issue, unions don’t seem to be in a mood to relent.

Vishwas Utagi, General Secretary, Maharashtra State Bank Employees Federation, said bank managements are stonewalling employees’ demands for a wage hike by citing profitability constraints, the need to shore up capital for meeting the new Basel regulatory standard, and the provisioning burden.

“Bank employees are not responsible for the bad loans that have accumulated in the banking system. In fact, they have helped banks grow their business and profitability. So, there is no reason why bank managements should deny our demands,” he said.

Wage pact: bank unions for long-haul agitation

Thiruvananthapuram, December 18: The United Forum of Bank Unions, which has been negotiating with the Indian Banks’ Association for wage revision in the banking sector for the past two years, has decided to go on an indefinite nationwide strike from March 16.

The decision was taken by the top decision-making body of the UFBU following breakdown of yet another round of conciliation in the presence of the Central Government’s Deputy Chief Labour Commissioner in Mumbai on Wednesday. “We have decided to go on all-India indefinite strike from March 16,” MV Murali, convenor of the nine-union UFBU, told BusinessLine. “Before that, the unions will go on a four-day national strike from January 21; and on January 7, there will be a one-day strike.”

The UFBU’s tough stand follows the logjam in the talks for a five-year wage agreement after a dozen rounds of negotiations between UFBU and the negotiating team of the IBA, which represents the managements of the public- and private-sector banks in the country. Murali said that on Wednesday, the conciliation talks between the team led by IBA’s Deputy CEO K Unnikrishan and UFBU leaders ended in an impasse as the IBA stuck to its guns and there was no forward movement on the demands made by the unions. The IBA was willing to raise wages in the banking industry by only 11 per cent.

‘Delaying tactics’

AK Ramesh Babu, President of the Bank Employees Federation of India (BEFI), a member of the UFBU, told BusinessLine that the January 7 strike was an ‘immediate response’ to the highly objectionable ‘delaying tactics’ of the IBA. The IBA had now come up with a new condition that it needed the mandate of the board of directors of all individual banks in the IBA for making any further concessions on wage revision. It had sent circulars to individual bank boards asking them to ‘review the mandate.’

According to Vishwas Utagi, General Secretary, Maharashtra State Bank Employees Federation, bank managements are stonewalling employee demands for a wage hike citing profitability constraints, the need to shore up capital to meet new Basel III norms, and provisioning burden due to stressed loans. “Bank employees are not responsible for the bad loans that have accumulated in the banking system. In fact, they have helped banks grow their business and profitability. So, there is no reason why bank managements should deny our demands.”

UFBU and IBA meeting on 13/06/2014 on bipartite

 Today's Meeting : (13/06/2014) As expected UFBU and IBA meeting ends in stalemate : IBA increased the offer to 11% but UFBU wants at least 25% increase. Waiting for full details

Expected Salary or Basic Pay after 10th Bipartite Settlement

Expected Salary after 10th Bipartite Settlement

Approximately 60% of Basic will be added to make new basic. And other facilities also will be added

Details of discussion between IBA and UFBU leaders on 10th Bipartite Settlement on 12.08.2013

Detail as per UFBU furnished here under for information:

"Another round of bipartite talks took place today(12.08.13) in Mumbai between IBA and UFBU on our demands for wage revision. IBA was represented by their Negotiating Committee led by its Chairman Shri T M Bhasin. UFBU was represented by all our nine constituent unions. The meeting condoled the death of Com. R J Sridharan, Chairman, AIBOA, who was in the negotiating committee till 9th Bipartite Wage Revision.

The meeting was held in a cordial atmosphere and discussions were fruitful. In the day-long discussions held, satisfactory decisions on some of the important issues could be arrived at. Continuing the discussions of the last round of talks held on 7th June, 2013, we emphasised the need for IBA to expedite and conclude the settlement in a time bound manner. We also asked them to react and respond to the issues like date of effect for commencement of the revised wages, consumer price index point upto which Dearness Allowance is to be merged with basic pay for construction of revised pay scales, quantum of wage revision, etc.

Date of effect: In response, the IBA agreed that the new wage settlement would be effective from 1st November, 2012 i.e. the date from which the 10th Bipartite Settlement is due.

Merger of DA for constructing revised Pay Scales: IBA explained their constraints to consider merger of Dearness Allowance at higher index points. After prolonged discussions and on the insistence of the UFBU for merger of D.A at a higher level to enable construction of Pay Scales in a reasonable manner looking to the Pay Scales of employees and officers in comparable sectors, IBA agreed and conceded to merge Dearness Allowance upto 4440 Consumer Price Index i.e. 401 slabs and construct new pay scales accordingly.

Increase in wage load: On the offer of the wage load increase, IBA wanted to study the cost impact of the merger before responding. However, the UFBU reiterated its demand that the offer should be exclusive of superannuation cost and improvements in other welfare measures. IBA indicated that the same would be kept in mind by them.

REIUBURSEMENT OF HOSPITALISATION EXPENSES: To our demand for 100% reimbursement of hospitalisation expenses incurred by the employees/officers for self and eligible family members, IBA offered introduction of mediclaim policy facility under which hospitalisation expenses would be reimbursed by the insurance company upto Rs. 2 lacs for substaff, Rs. 3 lacs for clerical staff and Rs. 4 lacs for officers per year. Looking to the various implications of switching over to the new scheme and the need to examine the pros and cons of the scheme, we said that a detailed study is required on the contents of the scheme offered before responding.

Management's issues: The management's issues like introduction of cost to company method, Fixed Pay and Variable Pay concept were discussed and UFBU has given its strong views against the same. However, the matter remained inconclusive.

Compassionate ground appointment Scheme: Another vital issue, much dearer to all the bank employees, which is relentlessly being pursued by the UFBU is restoration of compassionate appointments in the Banking Industry. IBA informed us in today's meeting that its recommendations for introduction of compassionate appointment scheme on similar lines prevailing in Central Government for its employees has been sent to Ministry of Finance, Govt. of India for its approval. No doubt, it is an important step in the direction of restoring compassionate appointments in the Banking Industry which is a long pending demand. While thanking the IBA for the positive step taken in this direction, we earnestly hope that the Government would accord its approval at the earliest.

Comrades, in today's discussions, we could arrive at conclusion on two vital issues i.e. date of effect and merger of dearness allowance. We thank the team of the Negotiating Committee of IBA for this forward movement in the discussions.

The date for the next round of discussions will be decided in due course."

Details provided by Mr Mohan P.