Saturday, February 6, 2016

Letter from GS, BEFI to Convenor, UFBU.


Bank Employees Federation of India 
NARESH PAUL CENTRE, 53 Radha Bazar Lane, (1st Floor), Kolkata – 1.
e-mail:pradipbefi@yahoo.co.in Website: www.befi.in 
Dt. 05.02.2016
Com. MV Murali
Convener, UFBU
C/o State Bank of India
Bank Street, Hyderabad.
Dear Comrade,
Bilateral meeting between UFBU and IBA
This has reference to your letter dated 19th January 2016, addressed to IBA, requesting discussion on “review” of Medical Insurance Scheme and improvement on Pension related issues. We presume there is no positive response from IBA so far.
Going by the experience in the matter of reimbursement under the newly introduced medical insurance scheme in terms of 10th BP settlement and the feeling of the pensioners, the issues referred by you are very important and have rightly been taken up with IBA.
In the back drop of wage revision in the Insurance Sector, that has since been implemented also, there is a strong feeling among bank employees, hope you will also appreciate, that if 13.5% to 14% loading on Basic Pay (after merger at a higher level of Price Index), resulting in increase of Basic Pay by around 90%, can be given to insurance sector employees, there cannot be any justification for a pittance of only 2% loading for bankmen.
There is also a feeling among the bank employees that sensing the reaction of the bank employees on the wage hike in the insurance sector, Government of India,
Department of Financial Services has, very surprisingly, it is absolutely unprecedented too, written to IBA to initiate negotiation on 11th BPS so that it can be concluded before the expiry of the 10th BP settlement and this has been done to divert the attention from the disparity, in the matter of wage revision, between Insurance Sector and the Banking Sector.
.
Under the circumstances, we strongly feel that we should have a relook to the basic pay structure of the 10th BP settlement and prevail upon IBA for a review of the same.
We request you to please convene a meeting of UFBU for a discussion on the aforesaid issues/points so that we can arrive at a common approach.
We await your positive response.
With greetings,
Comradely yours,
Sd/- Pradip Biswas,
General Secretary

Friday, January 29, 2016

D.A. from FEB 2016

D.A. Increase for 
Feb, Mar & Apr 2016:
28 Slabs =2.80%
Total 426 Slabs=42.60%
For Retirees:
Increase 62 Slabs=6.20%
Total 426 Slabs=42.60%

Sunday, January 17, 2016

L.I.C. wage revision notification issued!

Govt. has notified the wage revision for L.I.C employees.
L.I.C. Management issued circulars for payment for arrears from 01.08.2012.

Till 1990 L.I.C. wages are far below Bank employees wages .
Slowly and steadily they have touched us, crossed us and now gone beyond reach now.

My sincere Greetings to the union of L.I.C., particularly the majority union "AIIEA"

I give below the comparison table for your information.
L.I.C. employees may analyse and point out any mistake in calculation/concept. I may correct it.

Highlights of L.I.C. Wage Settlement!
D.A. Merger upto the date of expiry of settlement date!
In Banks One year D.A. is retained instead of merging!

15.95% Loading on Basic Pay!
No cap on loading (2%) like Banking Sector!
25.60% INCREASE in Pay Slip component!
In Banks it is 15%!
No Reduction of Pension due to Wage Revision and Incremental Commutation!
Pension, Commutation, Gratuity all are increased Substantially after wage revision!
In Banks Pension is reduced by more than 10% instead of Increase!
Gratuity as per Regulations, Surpass Maximum limit as per act (10,00,000)!
Many more positive points, which L.I.C employees may explain well!

Those who wish to read full settlement may go to the following link

https://drive.google.com/file/d/0B5s9WvxTZrsLN3lGRDJlRmxlU3c/view?usp=sharing