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:
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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 
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Camp: New Delhi 
6
th August, 2013 
To 
Shri. P. Chidambaram, 
Hon. Minister for Finance 
Government of India 
New Delhi. 
Dear Sir, 

UFBU MEETING ON 4th JULY 2013

UFBU MEETING ON 4^th JULY 2013

UFBU Meeting was held on 4^th July 2013 in Chennai under the chairmanship of                   Com. Vinil Saxena, President, National Confederation of Bank Employees (NCBE).  The meeting deliberated at length, apart from the issues being confronted by the bank employees and officers, the developments at national level and its likely impact on Banking Industry.

          It was noted with serious concern the delay in wage revision negotiations and the lack of seriousness on the part of Indian Banks’ Association (IBA) in taking up the issues raised by the Unions in the Common Charter of Demands. 

KNOW HOW D.A. IS CALCULATED!

Many readers (especially junior employees) raise doubts about the meaning of 
“Merger of D.A at 4879 points” as mentioned in 07.03.2013 talks..
Also comment on the delay in the process of wage revision talks.
Hence I will post  about the significane of merger of D.A. with Basic Pay,
And the process of wage revision talks in the banking industry.
Those who already know about these subjects may explain to their juniors in the branches.
Others pl. read/understand and tell others.Before that for ur inderstanding I give below the details of how D.A is calculated.
RE-POSTED:

KNOW HOW D.A. IS CALCULATED!

1. Labour Department will release Consumer Price Index (No.)
   every month ,based on year 2001.

2. Jan,Feb,March is one quarter. Likewise there are 4 quarters.

3.Difference between average CPI over average of previous quarter is called increase.

4.Bank D.A is calculated on CPI based on year 1960.

WAGE REVISION TALKS! 07.06.2013

TEXT OF UFBU CIRCULAR No.2013/9 dt. 7^th June, 2013

IBA’s Negotiating Committee headed by Shri. T.M. Bhasin met the United Forum of Bank Unions today at IBA office in Mumbai.

In today's meeting, we demanded that there should be a time bound programme to complete the negotiations without much delay to arrive at the wage revision settlement at the earliest. IBA also agreed with our views and informed that the same can be worked out by mutual discussions. Today we also demanded that the wage revision should be effective from 1st November 2012 and that the new pay scale should be constructed by merging the DA at 4876 points i.e. the DA applicable to July- September 2012 quarter. We also insisted that the IBA should make their offer on the percentage of wage load acceptable to them. For this, the IBA informed us that they would consult the higher authorities in the Government and inform us in the next round of discussions. The IBA suggested that the pay scales could be constructed by merging the DA applicable upto 2009. We did not agree to this proposal. This issue will be discussed further.

23.05.2013 meeting of UFBU

-      UFBU Meeting held on 23.05.2013

UFBU meeting was held on 23.5.2013 at New Delhi in the AIBEA Office.  Com. Ashwani Rana, (General Secretary of NOBW) presided over the meeting.  All the nine constituent unions were present in the meeting.

A report on the developments since the last meeting was placed by the Convener along with the minutes of the previous meeting held on 31.1.2013, 22.2.2013 and 22.4.2013.  He also outlined the issues to be taken up with the Chairman of IBA in the afternoon.

The meeting deliberated and took note of the attitude of IBA in dealing with the charter of demands on wage revision submitted by the UFBU.  The meeting observed that even before any preliminary discussions could take place on the demands raised by the unions, the IBA was keen to foist their issues.  The meeting pointed out that while the UFBU would always willing to discuss any issue raised by the IBA with an open mind, the same cannot take precedence over the demands for wage revision.

HAPPY NEWS FOR BANK STAFF JOINED AFTER 01.04.2010!

Gratuity Pay under New Pension System

Death-cum-Retirement Gratuity is paid to Central Government employees under New  Pension System (NPS) as it is paid under the old pension scheme.  The monthly annuity under the New Pension System (NPS) is only a replacement of pension on retirement and family pension of death after retirement.  The benefits of Death cum Retirement Gratuity (DCRG) and pension/family pension have been provisionally allowed,  vide the Office Memorandum of Department of Pension and Pensioners’ Welfare No. 38/41/06-P & PW(A) dated 5.5.2009 in respect of Central Government servants covered under NPS in cases where a Government Servant is retired on invalidation/disability and in the case of death of a Government servant in service on the same rates as are applicable under the old pension scheme Central Civil Service (Pension) Rules, 1972.  The retirement gratuity is payable to the retiring Government servant.  A minimum of 5 years’ qualifying service and eligibility to receive service gratuity/pension is essential to get this one time lump sum benefit.