Monday, April 20, 2015

AIBOC Circular No. 2015/20 dt/ 18.04.2015


"Our members are aware that MOU was signed on 23rd February, 2015, for the Xth Bipartite Settlement in which an annual wage increase of 15% on pay slip components was offered by the IBA, which works out to Rs. 4725 crore along with the second and fourth Saturdays off in Banking Industry. ….
…..United Forum of Bank Unions met at Mumbai on 15.04.2015 to discuss about the proposed Medical Insurance Scheme in lieu of the scheme for reimbursement of Hospitalisation expenses presently in vogue in Public Sector Banks and any other issue on the present scenario.
……On other issues, we requested all the constituents of UFBU to take a common stand of loading 2% on basic pay and DA as on 31.03.2012 as per the terms of MOU and not to compromise on anything else. On this issue, a couple of constituents had a different view. 
We shall try to convince them with our view and shall endeavour to ensure that our interpretation of the MOU on this aspect of loading is demanded by the UFBU. 
This interpretation is all the more necessary in view of the fact that there are lot of constraints in construction of pay scales with a limit of 2% of loading on basic pay and DA. 
We also made it very clear in the UFBU meeting that we will not sign any agreement till the time the second and fourth Saturday off in the Banking Industry is ensured or a firm commitment is signed by IBA in this regard giving a time line for its implementation.

We also expressed our strong views about taking up of the issues of retirees like 100% DA neutralization for retirees prior to 01.11.2001, updation of pension, revision in family pension and extension of another option of pension to resignees and compulsorily retired who have been excluded from the option of pension despite the clear understanding in the last settlement. We also emphasized that group hospitalization insurance policy for retirees should also be demanded from IBA.
…..The detailed discussion on the hospitalization scheme took place and after threadbare discussion on all apprehensions and issues raised by us, IBA agreed that:
1. All benefits available in any Bank on hospitalization / domiciliary treatment over and above the scheme under discussion shall continue. 
2. Employees and officers will not deal either with the insurance company or TPA and they will continue to deal with the Bank as per the practice in vogue. 
3. There will not be any ceiling on reimbursement under the hospitalization scheme except for those which are mentioned in the insurance policy document provided to us by the IBA (circulated by us to all Affiliates). Suggestion of our Confederation for getting the Mediclaim Policy vetted from some renowned TPA was appreciated and agreed by the IBA in the interest of all.
…….The issues of officers working conditions and allowances (officiating allowance, deputation allowance, special area allowance, reimbursement of expenses on transfer and many other important issues) were discussed. 
The need for regulated working hours / compensation till the time the demand is materialized was also discussed with a thrust. 
The meeting could not be concluded as there were certain other issues which required further discussions. Therefore, we demanded one more round of talks, to which IBA agreed. We also discussed the following issues with IBA.
1. IBA should give us the new pay structure immediately and pay scales so drawn should be discussed with us within reasonable time. 
2. The issue of second and fourth Saturday to be holiday in a month, which was agreed by IBA with UFBU, should be implemented immediately before signing the joint note.
3. Discussion was made with the IBA to demand extension of one more option for pension to all those who resigned on completion of 20 years of service and compulsorily retired since the cost of second option of pension includes the cost of extending this benefit to these categories of officers as well.
4. With regard to the retirees' issues, it has been decided to take up with IBA:
a) Updation of pension as per regulation 35(1) of the Pension Regulations 1995 since updation of pension is in-built in pension regulation and IBA should give necessary instruction to all the banks to implement the same, 
b) Extending DA neutralization for those pensioners who retired before 01.11.2002 and to improve family pension at par with the government pensioners.
5. We have decided to request IBA to extend the benefit of Mediclaim Policy to the retirees also. The modalities of the policy and payment of premium shall be worked out separately, since Mediclaim Policy is the need of the hour for the retirees.

We are pleased to inform you that the next round of talks with the IBA tentatively will be held on 22.04.2015 at Mumbai. 

We shall keep our members informed of the developments." 
With comradely greetings,
Comradely yours,


Anonymous said...

Shame Shame Shame !!!!

Anonymous said...

Just see wtf is cooking for the bankers

Unknown said...

As far 2% load on basic pay as on 31-3-2012 is concerned it is on the amount outstanding for the whole year and is not needed to be divided by 12 to arrive at per month figure as contested by some blogs.The 23-2-2015 MOU should be read with wisdom as annual figures represented in the balance sheet are always for full year which if taken into account shall result in to desirable basic pay structure.