PAY COMMISSION: Deadlock ends, IBA and UFBU to resume bipartite talk.

Saturday, August 8, 2009

Deadlock ends, IBA and UFBU to resume bipartite talk.

The deadlock between bank employees and Indian Banks’ Association has been resolved with the IBA agreeing to offer a 17.5 per cent wage hike and contribute 70 per cent of the Rs 6,000-crore that has to be created to accommodate employees who had opted for provident fund but want to join the pension scheme now.

Yesterday, in the tripartite meeting with UFBU and Central Labour Commissioner, Mr S. Mukherjee, IBA agreed to their earlier promise. Though UFBU is not very much satisfied regarding yesterday's proposal of IBA, they agreed to resume the bipartite. IBA also agreed to discuss the second pension option for PF optees.

Banking operations are to be resumed today following two days strike throughout the country.

Source : The Telegraph and Anandabazar Patrika.

10 comments:

chandan said...: Bank employees wage increase 17.5% including pension load for p.f. optees, pushed the attraction of a bank job far behind than that of a central government job, while compairing stress & strain involved between these two. Definitely unemployed will join in bank for employment, but not brains as it used to be happened in the days of Eighties & Nineties.; August 8, 2009 8:26 PM
AMITAVA MITRA said...: Definitely the wage hike is not satisfactory enough this time in comparison to the central govt. staff. It may also be remembered that in the past the banks enjoyed hefty pay and allowances compared to their central counterparts. Th govt employees get rise in pay once in ten years. The hike becomes negligible in five years while the bank employees can get their pays upward every five years.
Regarding brain, it may be mentioned that all Govt and PSU employees are picked up by merit only through tough competitive examinations. So there should not be any complex regarding merit.; August 8, 2009 9:28 PM
BALAN said...: EVEN THOUGH THE TERMS OF THE PROPOSED AGREEMENT IS FAR FROM SATISFACTORY, CONSIDERING THE BURNING PENSION OPTION ISSUE TO NEARLY 30% THE EMPLOYEES WHOSE INTEREST IS DEFINITELY TO BE PROTECTED, THE BARGAINING POWER OF THE UNION STANDS CONSIDERABLY REDUCED. EVEN NOW THEY HAVE TO BE VIGILANT AND GET THE SCALES OF PAY WITH MORE INCREMENTS AT THE TAIL END JUST LIKE VI TH PAY COMMISSION PAY SCALES AND SEE THAT AT LEAST EMPLOYEES ARE GETTING THEIR INCREMENT IF NOT HIGH WAGES INSTEAD OF STAGNATING DIRECTLY AS A RESULT OF STAGE TO STAGE FIXATION. THEY SHOULD MAKE HARD BARGAIN IN THOSE MATTERS AND AFTER SIGNING THE SETTLEMENT THERE SHOULD BE ONE TERMS OF REFERENCE FOR GO INTO THE ENTIRE REVISED PAY STRUCTURE COMPARED TO PSU/CENTRAL GO VT AND ANAMOLYTO BE RECTIFIED IN THE NEXT REVISION WELL BEFORE THE NEXT PAY COMMISSION WHERE THERE SHOULD BE COMPLETE PARITY . JUSTICE CAN BE DELAYED BUT NOT DENIED ALTOGETHER; August 8, 2009 9:44 PM
H.R. Dhiman said...: Though IBA has agreed for 17.5% increse but there is no guarantee that IBA will not swallow its words as earlier. If it is agreed, UFBU should insist that pension load should be excluded because if all the PF optees had earlier opted for pension, the burden was to be borne by the management. It is same thing eitther earlier or nor, the burden is to be borne by the management. If IBA insistts for including it, then UFBU should demand incrase minimum 25%, otherwise call for indefinite strike should be given. It is time for us to do or die. If we do not get it now, we will never get the justice. So slogan should be "Now or never". Govt has to regard the sentiments of bank employees. A span of 2 years has already passed, if it is delayed for 1 or 2 more months for betterment of employees, what is harm ?; August 9, 2009 11:57 PM
BALAN said...: ALL BANK EMPLOYEES CAN PLEASE VISIT
PAYCOMMISSIONUPDATE.BLOGSPOT.COM TO KNOW WHERE WE ARE STANDING AND HOW WE ARE LIVIN WITHOUT ANY DIRECTION IN THE MATTER OF OUR SERVICECONDITIONS AND COMPENSATION
GUJARAT UNIVERSITY IS IMPLEMENTING THE SIXTH PAY COMMSSION AND UNIVERSITY WITH 16 YRARS EXPERIENCE IS GOING TO GET 70% INCREASE . WHAT OUR BANK EXECUTIVES LIKE DGM AND GM ARE GOING TO GET AS INCREASE; August 11, 2009 9:25 AM
LAXMI KANT said...: ONCE AGAIN ONLY ASSURANCE AND NO DATE OF MEETING IS YET FIXED. ASSOCIATION HAS TO ENSURE THAT THIS TIME THEY MUST ARRIVE AT CONSENSUS. IN CASE, CONSENSUS IS NOT REACHED, ACTION SHOULD BE FIRM AND IRREVERSIBLE TILL THE GOAL IS REACHED.; August 13, 2009 11:14 AM
nimbalkar said...: Even central govt union leaders are criticising bank trade union leaders as inefficient.
Without going in for minimum basic salary these fools are working hard for 17.5%.
Worst leaders live in bank unions; September 24, 2009 5:07 PM
nimbalkar said...: This comment has been removed by a blog administrator.; September 24, 2009 5:07 PM
nimbalkar said...: Humbugs like bank employees get wage hike every 5 years will not work.
As bank employees have been deprived of good salary for the past 10 years and BSNL,professors,Elec boards etc who were drawing lesser have already started drawing heavily than the bank employees.
45000 for the professor as initial pay - Rs 7500 for bank employee
In Electricity the lowest level draws Rs 13000 as fresher.
These bank union leaders sleep well eat well take rest well and use the money collected from mandate.Mandate like collections are not seen anywhere in other sectors.Enjoy the money but does nothing for the employees; September 24, 2009 5:15 PM
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nftetn.org we are also trying to do some service not only to BSNL employees but to all.. goodluck

Pattabiraman NFTE TN; September 24, 2009 6:50 PM