Where 13% will go?

1. My present Basic Pay is………..
    What will be my new salary?

2.  A. I retired on ……. (Before 01.11.2012)
     Whether I will get any benefit from this 10^th B.P.S.?
     B. I retired on……………….. (After 30.11.2012)
    Whether I will get arrears for my commutation/P.L. encashment
    and increase in Pension?

3. What is the effect of point No.3 in the minutes dt.23.02.2015?
    Whether it will affect
    1.our future benefits like P.F/NPS accumulation,
    2.Pension,
    3.Pension commutation,
    4.Our future D.A. increase?

These are the queries raised thro e-mails sent to me.
I shall try to answer to the best of my knowledge and understandings.

1. Before going for calculations of new salary please go thro’ the chart I posted herewith.
    It shows how loading was distributed in different headings of pay slip in the last settlement.
B.P. loaded by 16%. Spl.Allowance by 9.33%. H.R.A. increased by 54.15. Conv. Allow. By 114.29%
Gross salary increased by 18.11%.
From the above one can understand that loading will not be the uniform/same across
all headings in salary slip.
Also the gross increase 18.11% will not be the same for employees in different stages of Basic Pay.
Loading of % over different stage will not be same.
It is decided on number of employees in different stages and on future combination of employees.
How we can attempt to calculate new salary, without knowing the final figures of B.P./New D.A. percentage/H.R.A % in different centers/amount of conveyance allowance etc., ?
Some comrades have posted projections of new salary in social media with their own assumptions.
It only shows their enthusiasm and mathematical knowledge.
Please keep soft copies/print out of all these chart already posted and compare with final outcome.
I don’t want to comment at this stage.

2. UFBU has proposed three demands of Pensioners to IBA. They are
     1. Uniform D.A. for those who retired before 01.11.2002
     2. Updating  of pension with every wage revision settlement like in Central/State Govt.,
     3. Increase in Family pension for the spouse of a Bank employee, as the present amount is very low.
Only preliminary discussions took place on these subjects. IBA has not committed anything so far.
These demands may be decided in the coming meetings.
Hence Pensioners has to wait for the final outcome keeping their fingers crossed.
For those who retired after 30.10.2012, their Pension will be fixed as per new salary at the time of their retirement. Accordingly Commutation and encashment of Privilege Leave on retirement will be recalculated and will be paid.

3. Regarding the point No.3 , It seems at the first sight, there is shift in policy of uploading of
    Basic Pay by 10% to 17% as was done in previous settlements.
    It is stated that 2% of B.P.+D.A as on March 2012 will the loading factor.
   D.A . as on March 2012 is 63% . Hence 2% of 100+63 is 3.26.
   If we add 100+60.15+3.26=163.41. This will be the new Basic Pay.
  This is what I understand from the minutes. I don’t know what Union leaders will explain?

Now coming to the loading of remaining 13%, we have no clue on which head they are going to load.
13% on B.P is a big amount; hence it can’t be dumped in H.R.A or Convey. Allow.
Therefore a new allowance/pay/ grade pay may be introduced.
The moot question is whether such pay will attract
1.Pension benefit,
2.P.F/NPS contribution and
3. increase in D.A?
If the answer is “Yes”, then there is no problem.
UFBU may have to only explain why they have changed the policy.

If the answer is “No”, then this arrangement may only satisfy the condition that” gross increase is 15%”
But, this will be a huge setback in the history of Bank employees movement.
1. This will not only affect Pension but also commutation of the people retiring from 01.11.2012.
2. NPS contribution will be affected and in the long run maturity amount will be less,
which you can't estimate the loss, which will be huge.
3. Moreover in the next B.P.S.  new basic pay will be constructed from the basic pay of 102%
and not from 115%. Hence not only the present employees but also those who join Banking sector tomorrow will be affected once for all.

If my above assumptions/understanding/calculation proved wrong by UFBU,
I will be the happiest person. I don’t mind if I am defeated.

What can we do to change this arrangement?

 Mere posting a comment condemning the unions will do ?
Resigning from unions? (This will make things bad to worst)
No.  We should take some sincere steps to change.
There is 90 more days to complete the settlement. Anything is not final. Anything can be changed.
Hitherto you might not have participated in any of the struggle programme for the past 27 months.
You might have posted as many comments as you can scolding unions.
I know most of the bad comments coming from officers that too from P.O. who are not at all
taking struggle programmes seriously.
Now , let us push  our difference to a corner and plunch in to direct action.

If You really want to have 15% loading in Basic Pay then write to your Union/Association
“expressing your dissatisfaction and request them to retain 15% benefit on Pension benefit, P.F/NPS contribution and D.A.”

Don’t write to All India Unions  like AIBEA or AIBOC or BEFI. It is of no use.
Don’t sent e-mails . It is also of no use.
Write to your Bankwise, State Unit of the Union, because your subscription goes to them only.
Address can be taken from circulars received from them.
Only hard copies reaching the Union office will have effect.
If thousands of posts reach Bankwise/Statewise units, definitely, pressure will be created on them.
That may result in change of approach on the subject.

If you don’t’ do anything , be ready to digest whatever you receive.