D.A. Increase news....Pensioners will get the benefit from Feb 2019.

Medical Insurance Policy for Retired Staff expiring on 31.10.2018.
New policy starts from November 1st.
Banks started issuing circulars asking for options and remittance of premium.
Retired staff are requested to get in touch with the pension drawing branch and remit the premium in time.

Rate of premium are as below:

*In today's discussion with IBA*
UFBU reiterated

1. Their offer of 6% should be substantially improved.
2. Performance Linked Pay should be delinked from wage revision.
3. Resolution of mandate issue.

IBA repeated their proposal that wage increase should linked to paying capacity.
We have rejected and informed that if
IBA does not change their stand
it will lead to Confrontation and Agitation.
Circular follows.

SK Bandlish ,
Convenor/ UFBU

Next meeting of Wage revision to take place on 12th October 2018.

Hence , UFBU meeting scheduled on 14th October is advanced to 9.30 am on 12th October at Mumbai.