15% Salary hike 15% for Bank Employees, 30 month Pay Arrears – New Wage Revision agreement to be signed on the 25th of this month

Salary hike for Bank Employees, 30 month Pay Arrears – New Wage Revision agreement to be signed on the 25th

A 15% salary hike, 30 months pay arrears and other such concessions are part of the new wage agreement(Joint Note / Bipartite Settlement) that the United Forum of Bank Unions and the Indian Banks’ Association are going to sign on the 25th of this month.

The not-so-popular wage agreement came to an end and everybody involved in convinced that the new agreement will benefit more than 7 lakh employees of various banks including the nationalized ones, a few private banking institutions and some foreign banks.

During the talks that were held on February 23, both the sides had agreed to resolve all the issues within 90 days. The new wage agreement is going to be signed on the last Monday of the 90-day resolution period. The new wage agreement brings a 15% hike in salary, holidays on the second and fourth Saturdays of the month, medical insurance and other special allowances. One of the important aspect in the settlement is that the Bank Officers will get health insurance cover of Rs.4 lakh and the clerical and sub-staff will get Rs.3 lakh cover.

The last wage revision expired in October 2012, that means 30 months already exhausted and the new wage settlement with effect from November 2012.

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IBA continues – Next meeting on 22.4.2015 – AIBEA Circular

UFBU MEET AND SUB COMMITTEE MEETINGS WITH IBA

Discussed Points: Hospitalisation Scheme, 100% D.A.Neutralisation for retirees, 2% of loading on basic pay and DA and Converting of DA series.

“IBA should give the new pay structure immediately and pay scales so drawn should be discussed within reasonable time”

Circular No.8/VI/2015

April 17, 2015

To:
ALL UNITS / STATE COMMITTEES

Dear Comrades,

UFBU MEET AND
SUB COMMITTEE MEETINGS WITH IBA,

Preceding the IBA meeting on 16th April, 2015, UFBU met at Maharastra State Bank Employees Federation Office at Fort Mumbai on 15.04.2015 at 18.00 hrs. Our Organisation was represented by Com.Alok.Khare, Vice Chairman, Com.S.S.Shishodia, President besides the undersigned. All the constituents have participated in the meet.

1. The following issues were discussed for taking up the same with IBA.

·   Improvements in the proposed Insurance backed Hospitalisation Scheme.

·   Four issues concerning the Retirees- [a] 100% D.A.Neutralisation for retirees prior  to1.11.2002;    [b].Family Pension; [c]. Updation of Pension; [d]. Coverage of Hospitalisation to Retirees.

·   Constraints in construction of Pay scales with the condition of 2% loading

·   Feasibility of converting the DA series from the base year of 1960 to 2001.

2. The IBA subcommittee on Hospitalisation Scheme was headed by Shri.Arun Tiwari, Chairman Union Bank of India, Shri.Shailesh Verma CGM, SBI, Shri.B.S.Shekhawat, GM (HRD) CBI, Shri.M.V.Tanksale, CEO IBA, Shri K.Unnikrishnan Dy.CEO IBA besides HR officials of IBA. The representatives of all the eleven unions have participated.

3. There was a detailed discussion on the Hospitalisation based on the documents provided by the IBA to all the unions. Our organisation has forwarded the various suggestions on the scheme to IBA, earlier to the commencement of the discussions, The said communication addressed to the IBA is sent herewith. At the end, there are very many loose ends to be knitted to present a comprehensive and an improved beneficial scheme to the Bankmen at large.

4. In the exclusive sub committee meeting of Officers, IBA team was headed by Shri. Ashwini Kumar Chairman Dena Bank, Smt.Indira Padmini, GM, IOB, Shri.B.S.Shekhwat, GM CBI besides the top officials and also of HR team of IBA,

5. The talks continued on issues listed in the Charter of demands of officers. The discussions are progressing but inconclusive. The Officers’ organisations have requested for one more sitting to take forward the discussions preferably next week.

6. We shall keep the units informed about the progress made to convert the MOU into 7th Joint Note.

Yours Comradely,

S.NAGARAJAN
GENERAL SECRETARY.

Source: http://www.aiboa.org/news.html

IBA – UFBU meeting on 16th April 2015 – AIBEA Report

IBA – UFBU meeting on 16th April 2015 – AIBEA Report

Today (16-04-2015) IBA – UFBU meeting took place wherein all details of proposed new medical reimbursement scheme was discussed.

Scheme will be finalised shortly.

For retirees also we have asked IBA to workout a similar scheme.

In the afternoon discussions on other demands of workmen and officers were discussed.

Next week negotiating committee meeting will be held and pay scales etc. will be discussed.

Source: AIBEA

10th Bipartite Settlement – Sub committee meeting on bank bipartite on 16th April

10th Bipartite Settlement – Sub committee meeting on bank bipartite on 16th April

Sub committee meeting on bank bipartite on 16th April

As per the Minutes signed by the Bank Unions (UFBU)and Indian Banks Association(IBA) on 23rd Feb 2015 the 10th Bi partite Settlement on Bank Employees wage Revision has to be signed within 90 days.

In this process all issues as per Charter of Demand ,has to be sorted out within that period.

The Sub committee meeting on medical reimbursement is scheduled to be held on 16th April at 11.00 am. Meeting with workmen unions will be held at 2.00 pm

News courtesy : Mohan.P

Source: paycommissionupdate.blogspot.in

Bank Employees Wage Revision – Feedback of meeting with IBA on 17.3.2015

Bank Employees Wage Revision – Feedback of meeting with IBA on 17.3.2015

All India Bank Employees Association (AIBEA) published the discussion points in the meeting with Indian Banks Association held on 17th March 2015.

Nearly 26 points were discussed in the meeting and more important issues like construction of Revised Pay Scales, revised DA formula, HRA rates, Transport Pay, introduction of Grade Pay, revision of Special Pay, LFC, revision in other allowances, retirees’ issues, etc. and other issues/ demands would be taken up for discussions in the subsequent rounds of meetings.

DETAILS OF DISCUSSION WITH IBA ON 17.03.2015
Discussions with IBA on 17-03-2015

Units and members are aware that our charter of demands includes demands on improvement in various service conditions apart from increase in wages. Prior to the signing of the Minutes of Discussion on 23-2-2015, there were two rounds of discussions with the IBA on these issues. Yesterday i.e., on 17.03.2015, one more round of discussions took place, during which understandings have been reached on the following issues:

1) ENCASHMENT OF LEAVE: The benefit of encashment of Privilege Leave will be available even in the cases of resignations from the Bank after 20 years of service as well on loss of job due to punishments (other than cases of punishment of Dismissal and cases where there is loss to the Bank).

2) LEAVE: The present stipulation that Casual Leave (CL) upto 4 days can be availed continuously provided the total absence including Sundays and holidays does not exceed more than 6 days would be deleted.

3) Presently Unavailed Casual Leave (UCL) can be availed for a day without production of medical certificate. In addition UCL may be availed without production of medical certificate for 4 days at a time once in a year or 2 days at a time twice in a year.

4) Privilege Leave (PL) can be availed on 4 occasions in a year (as against 3 occasions at present).

5) 15 days’ Notice would be sufficient to avail Privilege Leave (as against 30 days’ notice at present).

6) Privilege Leave can be accumulated upto 270 days (as against the existing ceiling of 240 days). However, encashment upto 240 days would continue as at present.

7) Special Sick Leave with Salary for a maximum period of 30 days would be sanctioned to an employee while on hospitalisation for donation of kidney or any organ.

8) Maternity Leave, within the overall entitlement, would be granted for 60 days (now 45 days) in the case of hysterectomy.

9) Maternity Leave for legal adoption of a child would be 6 months (now 2 months)

10) The above facility of Maternity Leave would also be available to a biological mother in cases where the child is born through surrogacy.

11) Part time employees would also be entitled to Maternity Leave under (9) and (10) above.

12) Paternity Leave would be extended on the lines of Government employees i.e. 15 days at a time on 2 occasions.

13) Study Leave upto 2 years would be sanctioned to workmen employees as available to officers.

14) Sabbatical Leave for women employees would continue to be extended on the lines of government guidelines.

15) Sabbatical Leave for male employees would be referred to the Government for consideration.

16) Extraordinary Leave (without Pay) would be sanctioned upto a max. of 720 days during the entire service (as against the existing ceiling of 12 months).

17) Special Casual Leave for absence due to curfew would include exigencies like riots, prohibitory orders, natural calamities.

18) Special Leave for Sports activities, trekking, mountaineering, etc, would be dealt with at each Bank level.

19) INTRODUCTION OF LEAVE BANK: System of Leave Bank would be introduced by which employees can voluntarily donate a part of their entitled leave to a common pool from out of which leave with salary would be sanctioned to employees who are compelled to be on prolonged leave due to treatment of major diseases/accidents and other contingencies beyond their control and where such employees have exhausted all their leave.

20) Diem Allowance: Diem Allowance payable while on travel on duty would be revised upwardly and quantum would be finalised in the next meeting.

21) When employees travel on duty to another station and stay in a hotel, the room rent would be reimbursed; the eligible rates would be finalised in the next meeting.

22) Transportation of goods while on transfer: An employee while on transfer from one station to another can transport his personal effects by train or road (even if the places are connected by train) upto the stipulated weights by an IBA approved Transport Operator.

23) Compensation for Breakages: Compensation for losses due to breakages or damage to goods while transporting would be reimbursed as under:

Existing amount on production of receipts for Clerks – Rs.1120 to be revised as Rs.1500

Existing amount on production of receipts for Substaff – Rs.745 to be revised as Rs.1000

Existing amount without production of receipts for Clerks – Rs.745 to be revised as Rs.1000

Existing amount without production of receipts for Substaff – Rs.560 to be revised as Rs.750

24) Travel on Duty/on transfer:

Existing for Non-Subordinate employees 1st Class to be revised as AC 2 Tier

Existing for Subordinate employees 2nd Class to be revised as AC 3 Tier

25) Dependents’ Income Criteria: Income limit to define a dependent would be Rs. 10,000/- per month (as against the existing Rs.3,500/- p.m.)

26) Pension for part time employees: The entire service period would be taken for arriving at eligible pension instead of pro-rata service.

Important issues like construction of revised Pay Scales, revised DA formula, HRA rates, Transport Pay, introduction of Grade Pay, revision of Special Pay, LFC, revision in other allowances, retirees’ issues, etc. and other issues/ demands would be taken up for discussions in the subsequent rounds of meetings.

Further development on these issues will be informed to members in due course.

Source: AIBEA

Increase of salary for bank employees

Likely increase of salary for bank employees

After long wait and negotiations, strike call and withdraws, finally the wage hike settled for bank employees with 15% hike in pay slip components and two extra holidays per month. Click here for details. Details of hike and joint note will be prepared within three months. As per sources, two saturdays will be holidays from 1st April onwards.

Bank employees are very much eager to know the amount of exact increase in pay slip. Though no official confirmation is available, we reproduce a likely chart of increase as procured and sent by one of our viewers, Mr Debashis Das.

Click here to view the approximate pay hike chart

Source: www.paycommissionupdate.blogspot.in