UNDERSTANDING WAGE REVISION PROCESS-2

Too many questions posted on

 “What will the new salary for me after 10^th B.P.S?”

My reply is “Sorry, We can’t predict at this stage”

Why?  IBA has not at all announced quantum of wage increase in Rupees, or % of increase.

Even if it announced, it will fall short of our expectations.

We have to fight, struggle, strike to get adequate increase.

After finalizing the exact quantum or % of increase, it should be applied to various heads like

B.P., H.R.A, SPL.ALLOW., P.Q.A, F.PA., MEDICAL AID, HALTING ALLOWANCE,LFC  etc.,

Also for P.F. contribution, Pension Old and New, Gratuity, etc.,

By increasing certain heads by certain amount,

How many employees will be benefited? And

Which section of employees will be benefited? These questions will arise.

To quote one example, take LFC. fare are decided by railway department.

We can only increase distance or class of travel. If we increase distance by % of increase in every settlement the distance will cross our country go beyond also.

Reimbursement of Hospitalisation will not be availed by all.

So far, wage increase arrived and agreed in quantum of rupees only.

BANK STRIKE ON 25TH SEPTEMBER, 2013

CIRCULAR TO ALL UNITS OF AIBEA & BEFI:                                    21-8-2013

Dear Comrades,

·  TIME TO GET UP AND RESIST

·  AIBEA-BEFI’S JOINT CALL FOR ALL INDIA  BANK STRIKE ON 25^TH SEPTEMBER, 2013

TO OPPOSE

o   ANTI-PEOPLE BANKING SECTOR REFORMS

o   CONTEMPLATION FOR  MERGER OF PSBs

o   UNWARRANTED CLOSURE OF ASSOCIATE BANKS & MERGER WITH SBI

o   RETROGRADE POLICY TO GIVE BANKING LICENCE TO CORPORTE AND BUSINESS HOUSES

o   UNILATERAL IMPOSITION  OF SERVICE CONDITIONS

The agenda of the Government on banking sector reforms is well-known to the bank employees of our country. 

UNDERSTANDING D.A. MERGER AND WAGE REVISION PROCESS!!

In the meeting 12.08.2013 it is decided to merge 4440 points of CPI with Basic pay.

What does it mean?

As on 01.11.2011 CPI was 4440 for D.A calculation i.e 401 slabs, 60.15%(@0.15% per slab)

As on 01.11.2012 CPI was 4876 for D.A calculation i.e 510 slabs, 76.50% (@0.15% per slab)

Now after merging 4440 points D.A. for balance 436 points i.e 109 slab will remain.

This 109 slab will not be calculated @ 0.15% as it will lead to giving D.A on D.A +basic.

Hence it will be reduced.

To what extent?

In 8 th bi-partite settlement D.A. merger was at 2288 points. % per slab was 0.18%

In 9^th bi-partite settlement D.A. merger was at 2836 points. % per slab was 0.15%

How 0.18 became 0.15?

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:
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UFBU MET HONO'BLE FINANCE MINISTER!!

DETAILS ARE AS UNDER:

 “UFBU in its meeting held at Chennai on 4th July 2013, as a part of action 
programme, has decided to meet the Hon’ble Finance Minister in a delegation to 
bring to his notice the ongoing issues and seek his intervention. Accordingly, the 
delegation consisting the representatives of all the UFBU Constituents met 
Shri P. Chidambaram, Hon’ble Finance Minister in Delhi on 6th August 2013 and 
submitted a detailed memorandum on all our issues. The meeting was held in a 
cordial atmosphere. After minutely going through the contents of the 
memorandum, he responded that such of these issues which are to be addressed 
by IBA may be taken up in the ongoing negotiations on charter of demands and 
such of those involving policy decisions will be looked into by the Ministry. 
 The text of the Memorandum dated 6th August 2013 submitted to the Hon’ble 
Finance Minister on our issues is appended below for information.” 
 Sd/- 
(M. V. MURALI) 
 CONVENOR 
--------------------------------------------------------------------------------------------- 
Camp: New Delhi 
6
th August, 2013 
To 
Shri. P. Chidambaram, 
Hon. Minister for Finance 
Government of India 
New Delhi. 
Dear Sir,