GOVT. ACCEPTS Khandelwal Committee RECOMMENDATIONS!!

Bank employees!! Be ready to face sweeping, upside down changes( or attacks?) in Banking Industry!!

Yes!! Govt. of India  has accepted 56 recommendations out of 105 of  Kandelwal Committee and sent letters to all Public Sector Banks for early implementation.

Here is the details of the letter.

F. No. 9/18/2009-IR

Government of India

Ministry of Finance

Department of Financial Services

Jeevan Deep Building, Sansasd Marg

New Delhi, the 21^st October 2011

To

The CEOs of all PSBs

Sub: Recommendations of the Khandelwal Committee – reg.

Sir,

          I am directed to state that a committee was set up on 22^nd October, 2009 to conduct a study of the HR issues of the Public Sector Banks and making appropriate recommendations, thereon under the Chairmanship of Dr.A.K.Khandelwal, former Chairman & Managing Director of Bank of Baroda with Shri. T.V.Rao, Professor, IIM, Ahemedabad, Dr.Deepak Phatak, Professor, IIT, Mumbai and  Shri. M.V.Nair, the then Chairman, Indian Banks Association as members. The committee submitted its recommendations (grouped into 13 chapters and 105 recommendations) to the government which has since been examined.

2.       Approval of the Government is hereby conveyed on the following recommendations of the Khandelwal Committee. A copy of the Khandelwal committee is enclosed for further reference. It is requested that an HR plan for each bank incorporation these recommendations be prepared and got approved by the Board of Directors latest by 31^st December 2011, a copy of the approved HR plan should also be forwarded to this Department for record and review.

S.No.	Recommendation(s) of the Khandelwal Committee		Decision of the Government
Manpower and Recruitment Planning
1.	MPP exercise to be carried out by the PSBs to be a rigorous exercise and to factor all possible contingencies in HR area – both quantitative and qualitative considering the impact of technology, staff cost and expansion programmes, etc. Each bank’s MPP to have both short term and long term projections.		Accepted
2.	Each PSB to carry out detailed and structured manpower planning exercise every year for a time spectrum of 5 years linking it with strategic and business plans. banks to take steps to institutionalize manpower planning with the help of outside expert advice, if required and subject to review every year by the proposed steering Committee of the Board on HR.		Accepted

BANK PENSION AND CENTRAL GOVT. PENSION: A COMPARITION

Comparisons of Pension Benefits - Govt Employees Vs Bank Employees

COMPILED BY  S.K.Mishra – Bhopal. Dated 08-11-2011

Head.	For GOI Employees	For Bank Employees
Pension	Full = 50% of Basic Pay on Completion of 20 years of service.	Full on completion of 33 years of service. Proportionate after 20 years service

REVISION OF PENSION in LIC AS PER NEW WAGE REVISIONS!!

DREAM COMES TRUE FOR RETIRED LIC EMPLOYEES!!

WHEN IT WILL COME FOR BANK EMPLOYEES?????

Here is the news about revision of pension for retired LIC employees.

Rajasthan High Court today (i.e. 02/11/11)granted four weeks time to LIC to comply with its earlier order directing the company to implement a November 2001 board decision to revise pension and dearness allowance of its retired employees.
Hearing a contempt petition, the single bench of Justice Mahesh Chandra Sharma directed the LIC to revise the pension and DA payable to its retired employees corresponding to the successive revisions of pay scales that took place in 1986, 1993, 1997, 2002 and 2007.

Khandelwal Committee recommendations!

 REPOSTED:

Instead of the current industry-level arrangement, the entire wage decision should come to the bank level, the Committee on HR issues in PSBs, headed by the former Bank of Baroda Chairman and Managing Director, Dr Anil Khandelwal, has suggested.

The suggestion to do away with industry-level wage settlements is in line with the overall approach of the committee that there cannot be one-size-fits-all solutions, whether it be for remuneration, incentives, welfare or according navratna status, Dr Khandelwal told reporters here.

---

MAJOR RECOMMENDATIONS

 §            To be an annual well-structured and rigorous exercise for 5 year period,                                    factoring gaps in skills and competencies.

 §               Banks to monitor staff costs and endeavor to achieve staff cost ratio of 50% in the next 5 years;

 §                      PSBs to outsource non-core activities;

 §                   To implement Business Process Re-engineering(BPR) and Change Management.

 §                   PSBs to reach Officer-clerk ratio of 1: 0.5 for metro and         urban branches & 1: 0.75 for rural and semi-urban branches in next 3 years.

 §                    Recruitment of direct officers to be 50% of total officer         vacancies;

 §                     Entry qualification for clerical recruitment to be graduation;                for sub-staff, X standard pass.  Standard of recruitment of new clerical and officer staff to be raised in tune with the new requirements.

 §                   Fresh recruitment of clerks to be restricted to rural and semi-         urban branches; rural service to be made mandatory for new clerks.

 §                       Banks to incentivize mobility of clerical staff to rural areas;

SPECIAL ALLOWANCE TO CLERKS!!

GIVE ME YOUR FEEDBACK!!
INTERPRETAION OF SPECIAL ALLOWANCE AS PER 9^th BI-PARTITE!!

SOME OF THE BANK MANAGEMENTS REFUSE SPL .ALLOWANCE TO CLERKS WHO ARE WORKING IN COMPUTERS AND ENTERING CUSTOMER TRANSACTIONS AND SENT FOR OFFICER’S AUTHORISATION

 .i.e WITHOUT PASSING POWER AND DOES NOT RECEIVE/PAY CASH.

THEY ARGUE THAT ONLY SWO WITH PASSING POWER ONLY ELIGIBLE TO DRAW SPL.ALLOWANCE OF Rs.500.00 ALL OTHERS NOT ELIGIBLE FOR ANY SPL.ALLOWANCE AS PER 9^th BI-PARTITE.

IT IS HEARD THAT CORPORATION BANK IS GIVING Rs.500 AS SPL.ALLOW. TO ALL CLERKS AND GAVE SWO POWER TO ALL CLERKS.

IN SOME BANKS ONLY SWO ARE GIVEN SPL.ALLOW.

MEETING:All India Banks’ Provident Fund Optees’ Forum.

HERE IS THE REPORT ABOUT MEETING OF
All India Banks’ Provident Fund Optees’ Forum.
ON 14.08.11 AT HYDERABAD!

AIBPFOF/CONVNR/2011/4                                                       14th August, 2011

                                                                                                             

 

Dear Friends,

 

The AI BKs PF Optees’ Forum meet at Hyderabad on 14.08.2011 under the aegis of UFOPFO, Maharashtra which began at 2.30pm was an unprecedented and a resounding success. The outcome of has been due to an unstinting and totally dedicated work done by two die hard workers Shri K S T Rangarao and T Ramesh. They both have worked tirelessly and have taken care, of the Guests and the rest who attended the Meeting, to its minutest details.

 

The following Speakers, who enlightened all from the dais, are as under,

JUDJEMENTTO BE READ BY IBA!

HERE IS A JUDJEMENT TO BE READ BY IBA IN CONNECTION WITH EXTENDING PENSION TO BANK EMPLOYEES, AND RECOVERING MONEY FOR OPTING OPTION. 


The Delhi High Court on Tuesday directed the central government to provide its 91-year-old former employee some of the post-retirement benefits that he had been unable to avail due to lack of information.

Justice S Muralidhar ordered the government to provide former Indian Railways employee KSR Chari the benefits of railway pension and family pension scheme that he had been unable to avail due to a communication gap.

STATE CONSUMER COURT CONFIRMS VERDICT BY DT. COURT IN FAVOUR OF RESIGNED EMPLOYEES!

KARNATAKA STATE CONSUMER COURT CONFIRMS VERDICT(ON PENSION OPTION)
 IN FAVOUR OF RESINGNED EMPLOYEES BY DISTRICT CONSUMER COURT.


HERE IS COPY OF JUDJEMENT:  jpeg.IMAGE

DOUBLE CLICK ON THE IMAGE AND THEN USE ZOOM OPTION TO READ THE CONTENTS.


EARLIER NEWS ABOUT THIS CASE:

JUDJEMENT IN FAVOUR OF PENSION TO RESIGNED EMPLOYEES!!

HERE IS A JUDJEMENT COPY IN FAVOUR OF PENSION TO RESIGNED EMPLOYEES.

ONE Ms.Sheelkumar Jain HAS FILED A CASE IN 1996, 2000,2006 FOR HIS PENSION,

AFTER RESIGNED FROM SERVICES OF The New India Assurance Co. Ltd ON 16-12- 1991.

AFTER A LONG LEAGAL BATTLE HE IS ABLE TO GET JUDGEMENT IN HIS FAVOUR  AS 

SUPREME COURT HAS DIRECTED THE NATIONAL INSURANCE CO., TO PAY PENSION 

WITHIN 3 MONTHS AS PER TERMS AND CONDITIONS OF PENSION SETTLEMENT,1995.

FOR DETAILS READ THE FOLLOWING LINK: 

JUDJEMENT COPY

NEW PENSION SCHEME IS DEAD!! EMPLOYEES LOOSING HEAVILY!!

HERE IS AN ARTICLE FROM ECONOMIC TIMES Dt.11.11.2011.
IT EXPLAINS HOW THE SCHME IS IMPLEMENTED IN HASTE, HOW EMPLOYEES
MONEY IS KEPT IDLE, THEREBY NO INCOME GENERATED OUT OF IT

The New Pension Scheme (NPS), which should have become an important part of the country's savings landscape, is dead, at least for the time being. This, more or less, is what a government committee set up to examine the NPS is saying.

The recommendations of the 'Committee to Review Implementation of Informal Sector Pension', (the Bajpai committee on NPS reforms) have been put up on the website of the Pension Fund Regulatory and Development Authority (PFRDA ), inviting comments.

HOW MUCH A PENSIONER LOOSES ON NON-UPDATION OF PENSION!

In 1995 Pension settlement it is agreed between  IBA and Unions

That ,whenever industry wise settlement on wage revision is settled

 Pension will also be revised accordingly.

Even after  3 bipartite settlements signed pension is not revised.

Central and state Govt. have revised Pension after every Pay Commission

To their employees.

Following table/calculation will tell how much a retired Bank Pensioner is loosing

Every month.

UFBU REPLIES TO AIBOA ON balancing cost of pension in respect of SBI

TEXT OF UFBU CIRCULAR LETTER 2011/7 DATED 03.06.2011

“  Our attention has been drawn to some circulars issued by All India Bank Officers Association ( AIBOA ) regarding the All India Strike on 7^th July, 2011 as declared from the National Convention held at Delhi on 20.05.2011.  Since these circulars may create some confusion, we wish to clarify to our Units and members as under.

1.    AIBOA attended the UFBU meeting on 25.3.2011. While different issues were raised by the constituent unions, only those issues on which consensus was reached were decided to be taken up for agitation.  The points raised by AIBOA regarding SBI allowance were replied by AIBOC and clarified by UFBU Convenor.

Public Interest litigaton for updation of PENSION and other Issues!

HERE IS THE DETAILS OF PETITION:
T.ASHOK SHENOY,B.A.B.L.,CAIIB.,                                BANGALORE
ADVOCATE,
A1-401, SHRIRAM WHITE HOUSE,                      DATED 18th May,2011
15TH CROSS, 6TH MAIN,
R T NAGAR, 2ND BLOCK,
BANGALORE- 560032.
Karnataka State
TO:
THE HONBLE CHIEF JUSTICE OF INDIA,
SUPREME COURT OF INDIA,
NEW DELHI- 110001
                           

      PUBLIC INTERESTLITIGATION PETITION 
     BEFORE THE HONOURABLE CHIEF JUSTICE OF THE SUPREME COURT OF INDIA

1. EARLIER SENIONER CITIZENS WERE CONSIDERED TO BE THOSE WHO HAVE COMPLETED 65 YEARS.NOW A SENIOR CITIZEN IS A PERSON WHO HAS COMPLETED 60 YEARS.

2.I AM REFERRING TO THE PENSION REGULATIONS OF BANK EMPLOYEES IN INDIA,1995.

FITMENT ON PROMOTION for CLERK TO OFFICER & SUBSTAFF TO CLERK!!!!

FITMENT ON PROMOTION FOR CLERK TO OFFICER
AND SUBSTAFF TO CLERK WITH EXPLANATION!

Fitment Chart on promotion of Subordinate staff to

Clerical cadre, on or after 1.11.2007

NEW FITMENT CHART ON PROMTION FOR SCALE 1 T0 2 AND SCALE 2 T0 3 etc.,!!

HERE IS THE NEW FITMENT CHART ON PROMOTION FROM CLERK TO OFFICER &

SCALE 1 TO 2 , 2TO 3....... AS PER The IBA  Circular

AIBOC CLAIM THE FOLLOWING IMPROVEMENTS ARE MADE:

Highlight  of the modified formula as under:

a)            Fitment formula on promotion from clerical cadre to officer cadre in JMG-I on or after 01.11.2007 will be at a minimum scale of officer at Rs. 14,500/- basic pay upto 9^th stage in clerical scale.

b)           25^th stage in clerical scale is equivalent to Rs. 25,700/- basic pay in Officer’s Scale-I.

c)            Appropriate adjustments in the date of effect of next increments in higher scale are made to avoid anomalous situations.

d)           Adjustments on account of passing of CAIIB/JAIIB, in fitment on promotion to next scale.

e)            Introduction of Temporary Adjustment Allowance to protect Basic Pay plus Dearness Allowance of an officer on promotion, as compared to Basic Pay plus Stagnation Increment plus Special Pay plus Dearness Allowance drawn as clerical staff, which will be wiped off in three years at 1/3^rd of TPA.

f)             Grant of CAIIB increment(s) for those employees passing CAIIB after reaching 20^th stage, in clerical cadre, on promotion to officer scale-I.

g)            Protection of stagnation increment due in previous scale, on promotion to higher scale.

h)           Protection of fixed personal pay on promotions etc.

i)             The higher starting scale for Scale-IV & V has been protected in the fitment formula.

Chart on promotion from Clerical cadre to Officer cadre

 in JMG Scale I, on or after 1.11.2007

Stage	Pay in Clerical Cadre		Fitment at corresponding stage in Junior Management Grade Scale I
	From 1.11.07  to  30.4.10	From 1.5.10 onwards
1	6200                 7200		14500
2	6600                 7600		14500
3	7000                 8000		14500
4	7400                 8400		14500
5	7900                 8900		14500
6	8400                 9400		14500
7	8900                 9900		14500
8	9500                10500		14500
9	10100               11100		14500
10	10700               11700		15100
11	11300               12300		15700
12	12000               13000		16300
13	12700               13700		16900
14	13400               14400		17500
15	14100               15100		18100
16	14800               15800		18700
17	15500               16500		19400
18	16200               17200		20100
19	17500               18500		20900
20	18300               19300		21700
+1	19100               20100		22500
+2	19900               20900		23300
+3	20700               21700		24100
+4	21500               22500		24900
+5	22300               23300		25700
+6	23100               24100		25700
+7	23900               24900		25700
Note :
1.	The promotee officer after fitment as above, will draw his next increment in the Officers' Scale on the anniversary date of his last increment in clerical cadre and thereafter he will draw his further increments every year on the same date.  However, in view of the clubbing of stages in the fitment table, the employee in thelower clubbed stage of clerical scale of pay will get his next increment after promotion on the anniversary date of promotion.
2.	Those who were drawing a basic pay between the 1st and 9th stage in the clerical scale given in the above table, will be fitted at the minimum of the Officers' Scale and will draw their next increment on the anniversary date of promotion.
3.(a)	Those who have completed more than one year at basic pay of `18300/19300, `19100/20100, `19900/20900, `20700/21700, `21500/22500 will draw their next increment on the anniversary date of their last increment in the clerical cadre immediately following the date of promotion and will draw their subsequent annual increment on the same date. Those who have completed less than one year at basic pay of `18300/19300, `19100/20100, `19900/20900, `20700/21700 & `21500/22500 will draw their next increment after fitment, on the anniversary date of promotion and thereafter draw their annual increments every year on the same date.

(b)	Those who have completed more than one year at basic pay of `22300/23300, `23100/24100 and `23900/24900 will be given fitment in the Officers' Scale at `25700 and will earn their next increment on the anniversary date of promotion subject to their crossing their Efficiency Bar as per guidelines issued by the Government under Regulation 5 of Officers' Service Regulations.
(c)	In all cases where promotee officers reach the maximum stage in the substantive JMG Scale I (`25700), further increment in the next higher scale will be subject to their crossing Efficiency Bar as per guidelines issued by the Government under Regulation 5 of Officers' Service Regulations
4.	Promotees who are drawing Fixed Personal Pay in terms of Settlement dated 27.4.2010 may continue to draw the same quantum of Fixed Personal Pay even after promotion which shall remain unaltered till revised (please refer to IBA circular no.CIR/HR&IR/90/665/E12/2010-11/1416 dated 30.9.10.)
5.	If the promotee officer has passed JAIIB or CAIIB at the time of his promotion, notional basic pay will be arrived at after reducing the increments earned for passing JAIIB/CAIIB, from the clerical basic pay.  He shall then be fitted in the Officers' Scale in accordance with the above table and appropriate one or two increments in the Officers' Scale shall be added with basic pay so fixed.  The date of increment will be determined as per (1) above, if after reduction of increments in the clericial scale, the basic pay falls in the lower clubbed stage.  This adjustment, however, will not be made where the number of increments to be reduced is higher than the number of increments to be granted.
6.	If despite the fitment as given above, the emoluments (basic pay and dearness allowance) drawn as an officer on promotion are less than the emoluments (basic pay and stagnation increment if any, functional special pay on permanent basis and dearness allowance) drawn as a clerk, the difference may be protected by way of Temporary Personal Allowance to be wiped off, in three years, at the rate of 1/3 Temporary Personal Allowance.  This allowance will not rank of dearness allowance and superannuation benefits.
7.	If an employee has passed CAIIB after reaching the 20th stage of the clerical cadre and promoted to Officers’ scale subsequently, he/she shall be granted one increment for passing CAIIB Part-I/JAIIB and another increment for passing CAIIB Part-II after fitment in Officers’ scale as per his/her clerical stage of pay before promotion.

COURTESY:IBA

Officers’ Service Regulations – Fitment on promotion from one Scale to a higher Scale Procedure for Fitment of pay of officers on promotion from one scale to another.

1.   At the time of fitment of an officer on promotion to the higher scale of pay, the number of increment he would have/had earned i.e., one increment each for passing JAIIB/CAIIB Examination, as the case may be, shall be first reduced from the existing pay of the concerned officer prior to his fitment in the higher scale of pay on promotion. If, however, the officer is at the maximum of the scale, the following procedure should be adopted:

(i)      If the stagnation at the maximum of the scale is less than one year, the officer would not be drawing any Professional Qualification Pay. Then the number of increments i.e., one increment for JAIIB/CAIIB, as the case may be, included in his Basic Pay shall be reduced in the existing scale.

(ii)     If the stagnation at the maximum of the scale is for a year or more but for less than 2 years, the officer would be drawing a Professional Qualification Pay of Rs 410/- p.m. In such cases, if he had passed both JAIIB/CAIIB before the date of promotion, then one increment shall be reduced in the existing scale. If, however, such Professional Qualification Pay of Rs 410/- p.m. is for JAIIB only, then no increment need be reduced from the existing scale.

2.   If the stagnation at the maximum of the scale is for 2 year or more, the officer who has passed both JAIIB/CAIIB before the date of promotion, would be drawing a Professional Qualification Pay of Rs 1030/- p.m. In this case, there would be no scope for reducing the increments for JAIIB/CAIIB as even without CAIIB increments the officer would be at the maximum of the scale.

Note: The purpose of the above exercise is to determine as to what stage of scale of pay the officer would have been, had he not been granted increments for passing JAIIB/CAIIB.

3.   Thereafter, one increment shall be notionally added in the old scale i.e., the scale from which the officer is being promoted and his pay shall be fixed at the appropriate stage in the higher scale. Where in the pre-promoted scale, the officer has already reached the maximum, the notional increment to be added would be equal to the last increment drawn by him in the pre-promoted scale. The fixation so arrived will be the Basic pay in the promoted scale as on the date of promotion.

4.   After such fitment in the higher scale of pay one or two increments shall be added to the Basic Pay so fixed in respect of JAIIB or of CAIIB, as the case may be. If, however, no increments are available in the scale, or only one increment is available in the scale, after allowing the available increment/s, the officer shall be allowed Professional Qualification Pay in lieu of such remaining increment(s), if any.

5.   Normally, where an officer is promoted from one scale to another, the date of his increment shall be the anniversary date in the previous scale of pay. Where however, an officer has reached the maximum in the previous (pre-promoted) scale of pay or on promotion gets an increase in the Basic Pay equivalent to two or more increments in the previous (pre-promoted) scale of pay, the date of increment shall be the anniversary date of promotion. However, if the Basic Pay after reduction of JAIIB/CAIIB increments is not at the maximum, then the date of increment shall be the anniversary date off last increment. Provided further that if an officer who is in Scale 1, II or III is promoted to higher scale after reaching the maximum in the previous (pre-

promoted) Scale of pay but before drawing stagnation increment, the date of his increment in the higher scale shall be the anniversary date of promotion or due date of stagnation increment in the previous (pre-promoted) scale whichever is earlier.

6.   In the case of officer in Scale I and II promoted after moving into higher Scale II and III because of stagnation movement, the notional increment to be added shall be the increment drawn by him on the date of promotion and the next and subsequent increment shall be on the anniversary date on which the member has drawn his increment in the previous scale.

7.   Promotees who are drawing Fixed Personal Pay in terms of Settlement dated 27.4.2010 may continue to draw

the same quantum of Fixed Personal Pay even after promotion which shall remain unaltered till revised.

Fitment Chart on Promotion from

			Scale-I to Scale-II							Scale-II  to				Scale-III				Scale III to Scale IV
	Stage		Scale-1			Scale-II				Stage		Scale-II			Scale-III			Stage		Scale-III			Scale-IV
	1		14500]							1		19400]						1		25700
	2		15100]							2		20100]						2		26500
	3		15700]							3		20900]						3		27300
	4		16300]							4		21700]						4		28100			30600
	5		16900]							5		22500]						5		28900			31500
	6		17500]							6		23300]						6		29700			32400
	7		18100]							7		24100]						7		30600			33300
	8		18700]				19400			8		24900]				25700		8		31500			34200
	9		19400				20100			9		25700				26500		++		32400			35200
	10		20100				20900			10		26500				27300		++		33300			36200
	11		20900				21700			11		27300				28100		++		34200			36200
	12		21700				22500			12		28100				28900		++		35100			36200
	13		22500				23300			+		28900				29700
	14		23300				24100			+		29700				30600			Scale IV to Scale-V
	15		24100				24900			+		30600				31500		Stage		Scale-IV			Scale V
	16		24900				25700			+		31500				31500		1		36200			42000
	17		25700				26500			++		32400				32400		2		37200			42000
	+]		26500				27300			++		33300				33300		3		38200			42000
	+]		27300				28100			++		34200				34200		4		39300			43200
	+]		28100				28900											5		40400			44400
	++]		28900				29700
	++]		29700				30600
	++]		30600				31500
	++]		31500				31500
+Sliding								Note:   Those who are getting promoted to Scale III after reaching the
++Stagnation increments										Basica Pay of Rs 33300/- and Rs 34200/-,their next stagnation
										increment will be released on the date it was due in the earlier Grade.

 Courtesy:SIBOA