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Wage Revision Talks update / 10th Bipartite Settlement Talks update Calculate Your Likely Revised Basic Pay
Talks on 10th Bipartite Settlement between IBA and UFBU dated 11.10.2013 at Mumbai.
UFBU has decided to call one day strike on 18-12-2013 demanding Early wage revision & stop banking reforms
Latest updates of IBA has invited UFBU for talks on wage revision -12.08.2013
Another round of bipartite talks took place in Mumbai between IBA and UFBU on demands for 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. Union 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: In response, the IBA agreed that the new wage settlement would be effective from 1st November, 2012 i.e. the date from which the 10th Bipartite Settlement is due.
Merger of DA for constructing revised Pay Scales: IBA explained their constraints to consider merger of Dearness Allowance at higher index points. After prolonged discussions and on the insistence of the UFBU for merger of D.A at a higher level to enable construction of Pay Scales in a reasonable manner looking to the Pay Scales of employees and officers in comparable sectors, IBA agreed and conceded to merge Dearness Allowance upto 4440 Consumer Price Index i.e. 401 slabs and construct new pay scales accordingly.
Increase in wage load: On the offer of the wage load increase, IBA wanted to study the cost impact of the merger before responding. However, the UFBU reiterated its demand that the offer should be exclusive of superannuation cost and improvements in other welfare measures. IBA indicated that the same would be kept in mind by them.
REIMBURSEMENT OF HOSPITALISATION EXPENSES: To demand for 100% reimbursement of hospitalization expenses incurred by the employees/officers for self and eligible family members, IBA offered introduction of mediclaim policy facility under which hospitalization expenses would be reimbursed by the insurance company upto Rs. 2 lacs for sub staff, Rs. 3 lacs for clerical staff and Rs. 4 lacs for officers per year. Looking to the various implications of switching over to the new scheme and the need to examine the pros and cons of the scheme, union said that a detailed study is required on the contents of the scheme offered before responding.
Management's issues: The management's issues like introduction of cost to company method, Fixed Pay and Variable Pay concept were discussed and UFBU has given its strong views against the same. However, the matter remained inconclusive.
Compassionate ground appointment Scheme: Another vital issue, much dearer to all the bank employees, which is relentlessly being pursued by the UFBU is restoration of compassionate appointments in the Banking Industry. IBA informed us in today's meeting that its recommendations for introduction of compassionate appointment scheme on similar lines prevailing in Central Government for its employees has been sent to Ministry of Finance, Govt. of India for its approval.
Comrades, in today's discussions, we could arrive at conclusion on two vital issues i.e. date of effect and merger of dearness allowance.
The date for the next round of discussions will be decided in due course.
IBA has invited UFBU for talks on wage revision on 07.06.2013 at Mumbai
IBA's Negotiating Committee headed by Shri. T.M. Bhasin met the United Forum of Bank Unions at IBA office in Mumbai.
It was demanded by UFBU that there should be a time bound programme to complete the negotiations. IBA informed that the same can be worked out by mutual discussions. It was demanded that the wage revision should be effective from 1st November 2012 and the new pay scale should be constructed by merging the DA at 4876 points i.e. the DA applicable to July- September 2012 quarter. IBA informed that they would consult the higher authorities in the Government and inform UFBU in the next round of discussions. The IBA suggested that the pay scales could be constructed by merging the DA applicable upto 2009.
In today's meeting the IBA also explained their issues like introduction of Cost to Company, Performance related wage, restricting the wage revision, increased mobility to award staff, rationalisation of Special Pay etc. Unions expressed reservations.
UFBU submitted that in the proposed wage revision, the hike in wage load should be exclusive of the cost on pension and other superannuation benefits and also the cost of hospitalization expenses reimbursement. The IBA informed that this would be kept in mind by them.
The IBA informed that they will shortly inform the date for the next round of negotiations.
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Bipartite Talks with IBA dated 22.04.2013
A round of discussion was on 22-04-2013 in Mumbai between IBA and UFBU on charter of demands for revision of wages and service conditions. The IBA was represented by the negotiating team headed by Mr. T M Bhasin (CMD Indian Bank and Senior Vice President, IBA). UFBU was represented by the constituent unions. NOBW could not be present due to their pre-fixed programme.
During this meeting, IBA provided the detailed data relating to establishment expenses of the banks as on March 31st 2012, which will be taken as the basis for calculations in the ensuing wage revision exercise. According to the data, the total establishment expenditure/wage bill of the public sector banks as on 31-03-2012 comes to Rs. 56,292 crores for workmen and officers put together.
The IBA also submitted the following Management issues for discussions by UFBU:Officers:
IBA further stated that they would make their presentations on these issues in the next meeting. They also informed that the next round of discussions would be held by the middle of May 2013.
On 22.02.2013: First meeting on 10th BPS was held between IBA and UFBU It was only a preliminary round and was formal and introductory in nature. Next meeting fixed on 04.03.2013.
A brief of the meeting reports indicates as follows:-
Next round of talks will be held on 4th March, 2013.
IBA has postponed the meeting scheduled to be held on 4th March, 2013 and date of next meeting not informed / fixed with UFBU .
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