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.

For example, in 9^th B.P.S amount of increase was 2577 crores. When converted  in %,  it came to 17.5% of last year wage bill. Even out of this 13% of 17.5% (2.275%) was set aside for excess expenditure on pension. Hence, out of the remaining  amount different heads are increased with different %.

For example annual Medical Aid was increased from Rs.1500 to 2000 i.e 25% ( for clerk)

In L.F.C distance is increased from 1750 K.M to 2000 K.M for 2 year block for clerk i.e.14.28%

Even in Basic Pay all stages are not increased equally. Please read the following table.

BASIC PAY
8TH B.P.S	AFTER MERGER	9TH B.P.S	INCREASE
	OF D.A 24.66%	final
4410	5498	6200	12.78
4625	5766	6600	14.47
4840	6034	7000	16.02
5055	6302	7400	17.43
5390	6719	7900	17.57
5725	7137	8400	17.70
6060	7554	8900	17.81
6530	8140	9500	16.70
7000	8726	10100	15.74
7470	9312	10700	14.90
7940	9898	11300	14.16
8440	10521	12000	14.05
8940	11145	12700	13.96
9440	11768	13400	13.87
10000	12466	14100	13.11
10560	13164	14800	12.43
11120	13862	15500	11.81
11680	14560	16200	11.26
12650	15769	17500	10.97
13210	16468	18300	11.13
13770	17166	19100	11.27
14330	17864	19900	11.40
14890	18562	20700	11.52
15450	19260	21500	11.63
16010	19958	22300	11.73
16570	20656	23100	11.83
0	0	23900
**From 01.04.2010 Rs.1000 added to all stages taken from spl.allow.
This is just transfer of amount from one head to another.

You may see that the increase is not 17.5% or evenly increased for all stages.

Considering all these aspects how can we calculate our new salary.

Let us wait for an agreement of wage revision be signed. 

Then start calculating our new salary and arrears.

Moreover, economic situation of the country is becoming worse day by day. Bank profits are beaten.

Wage revision depends on profitability and paying capacity also.

In the 7^th B.P.S Three banks including INDIAN BANK were denied of wage arrears from  01.11.1997 to 30.06.2000. Arrears were paid after two years from the settlement date as the balance sheet of these banks were in red at that time.

In this background  how we are going to get a reasonable increase in wages?

For that we have miles to go, you know?

Till such time avoid the question “What will the new salary for me after 10^th B.P.S?”