UFBU circular on wage revision talks..

*In today's negotiation with IBA*

We discussed various important issues like Increase in wage hike %,
Merging spl allowance with basic pay, 
Nps at 14%, PLI,
Family pension,
Updation,
Retirees Medical scheme, etc.
On NPS at 14% IBA was positive.
Cost implications on other issues were discussed.
It was agreed to crystallize the cost impact  on these issues after which final decision will be taken.
On impact on pendion fund,  acturial calculations will be gone into by ufbu.
On non financial issues sub committee on officers issues will be held on 21st and on workmen issues on 28th.
Ufbu meeting will be held on 28th afternoon.
Detailed circular follows.

S K Bandlish
Convenor- UFBU -
Debasish-BEFI

Next meeting on wage revision....