KNOW HOW D.A. IS CALCULATED!

Many readers (especially junior employees) raise doubts about the meaning of 
“Merger of D.A at 4879 points” as mentioned in 07.03.2013 talks..
Also comment on the delay in the process of wage revision talks.
Hence I will post  about the significane of merger of D.A. with Basic Pay,
And the process of wage revision talks in the banking industry.
Those who already know about these subjects may explain to their juniors in the branches.
Others pl. read/understand and tell others.Before that for ur inderstanding I give below the details of how D.A is calculated.
RE-POSTED:

KNOW HOW D.A. IS CALCULATED!

1. Labour Department will release Consumer Price Index (No.)
   every month ,based on year 2001.

2. Jan,Feb,March is one quarter. Likewise there are 4 quarters.

3.Difference between average CPI over average of previous quarter is called increase.

4.Bank D.A is calculated on CPI based on year 1960.

WAGE REVISION TALKS! 07.06.2013

TEXT OF UFBU CIRCULAR No.2013/9 dt. 7^th June, 2013

IBA’s Negotiating Committee headed by Shri. T.M. Bhasin met the United Forum of Bank Unions today at IBA office in Mumbai.

In today's meeting, we demanded that there should be a time bound programme to complete the negotiations without much delay to arrive at the wage revision settlement at the earliest. IBA also agreed with our views and informed that the same can be worked out by mutual discussions. Today we also demanded that the wage revision should be effective from 1st November 2012 and that the new pay scale should be constructed by merging the DA at 4876 points i.e. the DA applicable to July- September 2012 quarter. We also insisted that the IBA should make their offer on the percentage of wage load acceptable to them. For this, the IBA informed us that they would consult the higher authorities in the Government and inform us in the next round of discussions. The IBA suggested that the pay scales could be constructed by merging the DA applicable upto 2009. We did not agree to this proposal. This issue will be discussed further.

23.05.2013 meeting of UFBU

-      UFBU Meeting held on 23.05.2013

UFBU meeting was held on 23.5.2013 at New Delhi in the AIBEA Office.  Com. Ashwani Rana, (General Secretary of NOBW) presided over the meeting.  All the nine constituent unions were present in the meeting.

A report on the developments since the last meeting was placed by the Convener along with the minutes of the previous meeting held on 31.1.2013, 22.2.2013 and 22.4.2013.  He also outlined the issues to be taken up with the Chairman of IBA in the afternoon.

The meeting deliberated and took note of the attitude of IBA in dealing with the charter of demands on wage revision submitted by the UFBU.  The meeting observed that even before any preliminary discussions could take place on the demands raised by the unions, the IBA was keen to foist their issues.  The meeting pointed out that while the UFBU would always willing to discuss any issue raised by the IBA with an open mind, the same cannot take precedence over the demands for wage revision.

HAPPY NEWS FOR BANK STAFF JOINED AFTER 01.04.2010!

Gratuity Pay under New Pension System

Death-cum-Retirement Gratuity is paid to Central Government employees under New  Pension System (NPS) as it is paid under the old pension scheme.  The monthly annuity under the New Pension System (NPS) is only a replacement of pension on retirement and family pension of death after retirement.  The benefits of Death cum Retirement Gratuity (DCRG) and pension/family pension have been provisionally allowed,  vide the Office Memorandum of Department of Pension and Pensioners’ Welfare No. 38/41/06-P & PW(A) dated 5.5.2009 in respect of Central Government servants covered under NPS in cases where a Government Servant is retired on invalidation/disability and in the case of death of a Government servant in service on the same rates as are applicable under the old pension scheme Central Civil Service (Pension) Rules, 1972.  The retirement gratuity is payable to the retiring Government servant.  A minimum of 5 years’ qualifying service and eligibility to receive service gratuity/pension is essential to get this one time lump sum benefit.

10th B.P.S. talks 22.04.2013

UFBU CIRCULAR NO. 7 dated 22-4-2013:

A round of discussion was held today in Mumbai between IBA and UFBU on our charter of demands for revision of wages and service conditions. The IBA was represented by the negotiating team headed by Mr. T M Bhasin (CMD Indian Bank and Senior Vice President, IBA).  UFBU was represented by the constituent unions.  NOBW could not be present due to their pre-fixed agitational programme in Delhi.

During this meeting, IBA provided the detailed data relating to establishment expenses of the banks as on March 31^st 2012, which will be taken as the basis for calculations in the ensuing wage revision exercise. According to the data, the total establishment expenditure/wage bill of the public sector banks as on 31-03-2012 comes to Rs.56,292 crores for workmen and officers put together.

The IBA also submitted the following Management issues for discussions by UFBU.

Officers:

1. Introduction of Cost to Company.

WHAT IS GOING ON IN STATE BANK OF INDIA?

Unwarranted provocations and attacks on trade union rights in State Bank of India

Genesis of the Issue:

The new Chairman took charge of the bank during April 2011. In May 2011, there was a meeting between the leaders of the Federation /Circle Association wherein we had been assured to look into all the outstanding issues with the Federation and a few issues were flagged for urgent consideration.

Ø  Since then there was no real progress in addressing the issues though a few meeting was held.

Ø  The Federation was compelled to issue a strike notice to strike on 8^th and 10^th November 2011. The strike was withdrawn on 5^th November 2011 on the assurance of the management that discussions will remain and positive view will be taken on all the issues.

Ø  Contrary to the assurances the top Management’s attitude towards the Federation changed and every action of Federation was treated with disdain.

Ø  Top Management personnel in all the Circles who used to participate in Association functions have now withdrawn from participation at the direction of the Chairman.

Ø  All bi-partite forums like Central/Circle Negotiating Councils were not conducted at regular intervals.

Present Crisis:-

Ø  During August  22^nd  and  23^rd of 2012 United Forum of Bank Unions called for a strike on number of issues including 5 day week in banking  Sector, in which we participated.

Ø  When there was so much of aspiration amongst the membership for 5 day week, the announcement by the Chairman of having seven day banking in State Bank of India came as a rude shock.

Ø  There was a spontaneous expression of the apprehension by the membership and to bring to the attention of the top Management a peaceful lunch time demonstration was conducted all over the country  in administrative offices on 28^th August 2012.

GENERAL STRIKE ON 20&21 FEB. 2013!!

GENERAL STRIKE ON 20&21 FEB. 2013!!

ALL BANK UNIONS TO PARTICIPATE!!

UFBU IN ITS MEETING TODAY 02.02.2013 DECIDED AS UNDER:

The meeting welcomed the joint call of all Central Trade Unions for the nationwide General Strike on 20^th and 21^st February, 2013 against the anti people, anti labour, Neo-liberal economic policies being pursued by the government.

Hence the meeting decided that in continuation of struggles against the economic policies of the Government, UFBU should support
the call of the Central Trade Unions and join the nationwide 2 days strike on 20^th and 21^st February, 2013.Accordingly, strike notice is being served on the IBA and all our units are requested to observe the strike call in all the banks all over the country including the RRBs and Co-operative Banks.

ISSUES AND DEMANDS: