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Dear reader!


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*****CURRENT NEWS******

*Consumer Price Index number for July is 252 & for Aug& Sep is 253 i.e 8.66s point over average of last quarter.

Hence D.A from Nov 2014 is 732 slabs(+49slabs)
i.e 109.80% (+7.35%)

*No progress on Talks on 10thB.P.S between IBA and UFBU on 26.09.2014. One day strike announced (date not yet decided.).

*IBPS CWE-III-Clerk-Batch-II, 2014-15 –INDIAN BANK:
date of induction training for Clerical Candidates – Batch II, scheduled from 07.10.2014 to 18.10.2014 stands deffered. Date of training will be informed in due course.

*Is ESOP on cards for Bank Employees?

* Revised LFC encashment amount from 25.06.2014!

*Compassionate appointment for Bank Employees restored from 05.08.2014!

*D.A. rate for Aug ,Sep ,Oct 2014: 102.45%

Tuesday, August 13, 2013

Bipartite talks with IBA: 12.08.2013

Most of the junior employees misunderstood the merger of a portion of D.A with Basic Pay and it effect on wage revision.
It is a step towards wage increase and it itself is not wage increase.

I will come with the explanation how important and a step forward towards wage increase.

In the meantime read the detailed cir. on 12.08.2013 talks.

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UFBU CIRCULAR No.UFBU/2013/4 dt. 12.8.2013;
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Bipartite talks with IBA:
******************

Another round of bipartite talks took place today 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:
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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.

Sd..
M.V. MURALI
CONVENER

7 comments:

Anonymous said...

Thank you sir

Karthik Krishnan
(SBI)

Anonymous said...

Why there was no talk about percentage increase over the merger of basis and DA?

Anonymous said...

No way , We can not accept madi claim policy as offered by IBA , This is a tactics of IBA to mislead the bipertite talk. UFBU should strongly criticize this offer , and should strongly defend the demand for five day banking which is the urgent and most sought for demand of every banker in India

Anonymous said...

look at the salry of state govt clerk he is even getting more than bank's so called officer

Anonymous said...

Why iba is taking so much time for settlement. Why union didn't discussed with iba on other points

Anonymous said...

Can we know what were the constraints put forward by IBA for not considering a higher merger of DA in basic. As you have explained the calculation of DA merger and increase in wage load - IBA is going to gain. As Now the wage increase will be calculated on a lesser basic at 60.15% merger tan 100% neutralization.

So the increase in wage load will appear bigger at 60.15% merger than 100% merger keeping the Total Outgo in wage increase at same level for both calculation. Don't you think this is clever camouflaging

Shakthishwaran said...

What about 5 day banking? Yes we are here to render service to customer, no doubt. Similarly all other central / state govt employees are here to render service. When those employees can enjoy 2 days weekend holidays with greater pay, why not bankers