Saturday, October 31, 2009

Bank Unions want at least 25 % hike.

"The bank employees and officers' salary revision are due from November 1, 2007 ...the present offer of IBA for 17.5 per cent increase in salary is far below the expectations. We want at least 25 per cent," AIBOC General Secretary G D Nadaf told at a press meet on the sidelines of the tenth National Council Conference of United Bank Officers' Association.

He further said branches are suffering from acute shortage of officers and so the existing ones have to work overtime and even on holidays.

"We have demanded regulated working hours for officers and recruitment of adequate number of officers to take care of the need of the branches by filling the existing vacancies in the banks," Nadaf said.

The union is also opposed to merger and acquisions of public sector banks and instead pitched for nationalisation of private lenders.

"We have also suggested to the Finance Minister to nationalise private sector banks for better financial inclusion and also to cater to the needs of common man," Nadaf said.

He addes taht despite high growth, the wage revision is pending for the last two years and asked the management to take necessary action at the earliest.

Source : The Economic Times.

26 comments :

Parameswaran said...

Union leaders please do not drag the issue still. Members are boiling about the attitude of the leaders. There is no concrete steps taken subsequent to the meeting on 24.09.2009. Management is fishing in the troubled waters since there is no coooperation among the union. Please step down from the leadership post if you are not able to come for an agreement. Let others take the role.

BALAN said...

IT APPEARS THAT IBA UBFU MEET MAY COMMENCE ON 04 NOVEMBER AS A NON STOP EXCERCISE AND WILL CONCLUDE NOT LATER THAN 8TH. IBA MAY COME WITH GOVERNMENT BRIEF I SUPPOSE IF THE INFORMATION IS TO BE GIVEN CREDIBILITY. THERE MAY BE A SOLUTION BY NEXT WEEK END. THE ISSUE HAS TO BE CLINCHED AT ANY COST BY THE LEADERS WITH AN ASSURANCE THAT ANOMALIES AND PARITY WILL BE TAKEN CARE OF IN THE NEXT WAGE REVISION THAT IS THE BEST THEY CAN ACHIEVE CONSIDERING THE PENSION OPTION LOAD CONCEPT, AND THE ERODING POPULARITY OF THE LEADERSHIP BECAUSE OF THE WANING IMPORTANCE OF LEFT IN THE CENTRE STAGE OF POLITICS
KBALASUBRAMANIAN

B V JOSHI said...

Dear All Bankmen and Women, I react to the point that Left is not in the government now. Please note that Left was very much in commanding position when they were part of the Govt and dictating term. They had false notion that they will repeat their win in 2009 Lok sabha election- as they had utterly failed to protect interest of working class and that working class is intelligent and think tank clusters, Left was totally left out in election. Now are now with "Mind-Left" leaders, resulting in total chaos in the leadership. Leaders and their close aides are sticking to their chairs only because of meeting one requirement "stay at one place- metro- without transfers and take care of a few close aides who canvass and project rightness of their leaders" Left is now left-out and with maoists violence, may go down further. All Bank Employees are waiting for piece of broken biscuit to be thrown by IBA/Bank Managements. One more thing- all young Bank employees are thing that too much weight is given to pension- here we have to recollect what happened to Software industry/opportunities and their BIG pay packs, many young ended with selling their houses and other assets. I assert that every Bank employee is a dedicated one and gives his bit to the Bank. The hike will not come simply- it has strings of increased responsibilities. We are new to working with remote customer- not even seen them- under core banking- we really donot know if by mistake- owing to too much work pressure- any mistake happens and crediting/debiting wrong account with huge sums. It is a know fact- barring a few well off- most cannot complete the term of their RD made for 1- 2 years- that too for a small sum. To conclude- we are at the "CENTRE" there is NO LEFT - NO RIGHT- CENTER I MEAN TRISHANKU STATE

SHANKAR said...

MR B V Joshi is not correct.Pension is not a mercy IBA is giving to us. They are collecting entire management's contribution which employees get at the time of retirement and in lieu of the above,pension is given.IBA informed that 28000 crores was needed for one more pension option where as unions informed that it is Rs 4500 crores. Actuaries have calculated and informed that it is Rs 6000 crores.When this anomoly was brought to the notice of IBA they foolishly told that Rs 28000 crores needed was if entire bank staff resigned once for all.May be they are thinking bank employees are sheep. A clerk is more competant,intelligent enough to understand this foolish arguments but not union leaders. They think that they are our protectors where as they are our detractors.When IBA signed with UFBU a MOU in February 2008 that they will settle pension within 3 months, foolishly they left the oppertunity and linked pension issue with wage revision.Had pension option was settled at that time bank employees would have got at least 30 % increase now.When number of pension optees increases more and more pension corpus fund will be created and everybody has to get pension without anybody's mercy as it is controlled by pension regulators.

SHANKAR M K

Parameswaran said...

Dear Balan

Thank you for your valuable information. Bank employees all over the country including the retired employees will be happy to note that after a prolonged discussion settlement will be signed duringt the next week.

B V JOSHI said...

Dear Shankar,

I am aware that employees PF corpus will go to bank- and it is not mercy shown by Bank management. Our status has become so low that we are all ready waiting for that piece of biscuit, if and when thrown by management. Members of any Union has no option to protest or criticise.

Even before MoU of 2008, we have to recollect withdrawing of strike call given during Feb/Mar 2007 on the assurance that pension issue will be sorted out before 30.06.2007, it is two years 4 months-but still discussions going on. There appears to be something seriously wrong with leadership- they are not even raising simple protest on slogging of officers for indefinite time. We can note here that with 6th central pay commission's hike in salaries- can anyone expect availability of any Government officer beyond 5 PM (Bar some exceptions). Any one with government work has to simply apply leave or be obliged to higher ups for leaving early/coming late to Bank

saraswathi said...

As per the news, talks will commence on 4th and will be settled before next week end. Union leaders shoudl sort out the differecnes anmong them and try to resolve the long pendign issues and settle at any cost before this month end.

vat said...

IT IS NOT GOING TO HAPPEN EVEN ON NOV 2009. WE WILL HAVE A BETTER LUCK ATLEAST BEFORE MARCH 2010
OUR LEADERS ARE NOT OUR WELL WISHERS AND THEY ARE ONLY WANTS TO SETTLE IN THEIR POSTS AND ROAMING ROUND THE WORLD FOR A CHEAP PROPAGANDA

chandan said...
This comment has been removed by the author.
chandan said...
This comment has been removed by the author.
chandan said...

Bank jobs are no more lucrative. UFBU
should accept TEN years wage revision. Letter of CH.VENKATACHALAM
Covener UFBU to my email is here for reference. BALAN Sir is requested to examine the contain of the letter and have his valuable view for us.


Re: Bank employees wage revision- Nineth BPS
Thursday, 20 August, 2009 8:35 AM
From:
"C H VENKATACHALAM"
To:
"CHANDAN DATTA"
Dear,

First of all, please let us know your name, bank, branch and other details and which union you belong to. Because all our unions are expected to inform you the correct position.

Firstly, 17.5% does not include the pension cost of pf optees. That will be an additional 6.05% over 17.5%. Thus total will be 23.05%.

Secondly, if Govt. employees salary is better, IBA/Govt. have offered that package to us. Please let us know whether we can adopted that package for banks.

Banks offer is Rs. 4815 cr + 1260 cr for pension option = 6075 cr per year for 7 lac employees that next wage revision from 2012.

6th Pay commission wage increase cost is Rs. 12,561 cr. per year for 35 lac employees and next wage revision is 2016

Hope you understand

AIBEA



On Thu, Aug 20, 2009 at 12:52 AM, CHANDAN DATTA wrote:

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.One should observe that the so called wage hike every five years in banks have been quite minimal during the past decade or so whereas in central govt. there has been a quantum jump this time. As matters stand today the pay package in central govt. is quite high when compared with similar posts in banks. So naturally people who have other choices in hand will not join banks any more. And one should know that in banks now a days people have to toil hard even beyond ofice hours, that too being loaded with heavy risks all the time. In such a condition the present pay package wil not attract talents into banks.

chandan said...

From: CHANDAN DATTA
Subject: NINETH BPS- SALARY REVISION
To: secretary befi
Date: Sunday, 23 August, 2009, 11:27 PM

Bank employees wage increase 17.5% 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.One should observe that the so called wage hike every five years in banks have been quite minimal during the past decade or so whereas in central govt. there has been a quantum jump this time. As matters stand today the pay package in central govt. is quite high when compared with similar posts in banks. So naturally people who have other choices in hand will not join banks any more. And one should know that in banks now a days people have to toil hard even beyond ofice hours, that too being loaded with heavy risks all the time. In such a condition the present pay package wil not attract talents into banks.

Reply of pradip biswas

Friend,

Bank employees wage increase is yet to be settled, so no comment on % increase.

25% or 40% wage increase for central govt. employees, as is being talked of, is not uniform for all cadres.

Huge discriminastions amomg employees are there in 6th pay commission report.


9.5 lac posts in subordinate cadre have been abolished.

While making comparison, antiemployee features of pay commission report should not be lost siight of.

Pradip Biswas

(email i.d etc AIBEA & BEFI have been deleted as per requirement of this blog)

BALAN said...

COMMENTS IN RESPONSE TO MR. CHANDAN S LETTER

Chandan has reproduced the copies of his two letters from two different organizations namely AIBEA and BEFI which is self explanatory.
Both letters contain truth to some extent. The load on sixth pay commission has gone up after modifications accepted by the govt.
Positive features of sixth pay commission: minimum total salary 10000 Assured three promotions and movement in the enlarged band of 5200-20200 in their life time (clerical cadre). Grade pay at different levels and highest 30% hra upto a maximum of 12000 education allowance ,transport allowance all is taking the central govt clerical entry level salary to much higher levels then the average increased percentage projected. Already a comparison table available in all banking solutions website which gives the factual figures as on date.
Negative features of pay commission. ; Pay fixation formula is the one area where there are huge anomalies.The basic pay as per fifth pay commsiion was multiplied by a factor of 1.86 and rounded off to the next higher 10 s and pay fixed in the applicable band. There are four pay bands . If the starting band and the pay obtained by the calculations widely varied they got bonanza. Seniors were not benefited and pay fixation anomaly exists.
Officers were the most benefited category because of the pay structure the commission proposed for them. Hence they got much more benefit. The increase ranges from 40% to 60% much more than the average increase projected.
But in banks fixation formula STAGE TO STAGE FIXATION ensured higher benefits for seniors irrespective of the cadre.
PENSION
Pension issue should have been solved much earlier before the election and when last MOU signed between UFBU and IBA TO SETTLE WITHIN A TIME FRAME OF 3 MONTHS. They are covering their weakness now by adding the same as a load (total 23%) and projecting that 17.5% itself for 5 years period apart from the pension load is justifiable.
When all the others are enjoying 100% DA , the retired pension optees before the present settlement ie retired before 01.11.2002 continue to draw tapperd rate of DA. Why this anomaly was not rectificed when they are revising the then notional basic (not updation )to them. Is it necessary to tell them they are also eligible for 100% DA. Pension regulation says any basic modification will be automatically applicable to the existing pensioners.
CLERKS SCALE OF PAY
However since the clerical staff pay structure is good since the I ST BIPARTITE SETTLEMENT the starting salary in the clerical salary and ending level may be more than 300%. Even at this level leaders must ensure extension of of the stages from the present 18 to at least 25 and stagnation increments thereafter which will ensure some parity which will also,compensate for not getting promotion as assured promotions may not be available .Starting level for both clerks and substaff should be increased so as to ensure minimum salary of the pay commission. Our leaders projected wage increase may not be sufficient even to revise HRA from 9.5% to 30%.
Whatever they may achieve this time or not we are paying the price for their failures. During 1979 wage revision I have received an HRA of 25% . If the same percentage is maintained without compromise on revised scales this much glaring difference would not have come and no body is going to accuse the leaders
Past is past
to be concluded

BALAN said...

continuation part2
Past is past
Now they have to clearly divide the priorities in two stages. One stage for immediate settlement and other category for 01.11.2012 for which they have to ask the date the moment after their inking the present settlement because of the casual attitude of our IBA.
FIRST STAGE :
MERGING THE DA TO THE BASIC AS PER THE AGREED LEVEL AND MAXIMUM LOAD FOR INCREASING THE BASIC PAY AS INCREASE.
INCREASING THE NUMBER OF STAGES FROM 18 TO 22 OR 25 AND STAGNATION INCREMENTS THEREAFTER
HRA OF ATLEAST 15% WITHOUT CEILING
PENSION;
ANOTHER OPTION TO THE PF OPTEES BOTH PRESENT AND PAST
FULL NEUTARLISATION OF DA TO PRE 01.11.2002 RETIREES WITH MONETARY BENEFIT FROM A DETERMINED DATE
SPECIAL STATUS TO BANK EXECUTIVES
IRRESPECTIVE OF THE WAGE LOAD OUR AGMS , DGMS , GMS SHOULD BE GIVEN A STARTING REVISED BASIC OF 50000,55000,60000 WITH A MAXIMUM OF 60000,65000,70000 WITH SUITABLE RUNNING SCALE . THIS ALONE WILL ENSURE SOME DECENCY TO THEIR STATUS. THIS SHOULD NOT BE INCLUDED IN THE LOAD.THIS SHOULD BE AS A GESTURE OF THE MINISTRY OF FINANCE TO THEIR EXECUTIVE COUNTERPARTS . THIS MAY BE TREATED AS A SPECIAL FAVOUR ALSO AS NOBODY IS GOING TO GRUDGE,

SECOND STAGE FROM .1.11.2012
HRA OF 30% ON THE EXISTING PAY
GRADE PAY OR POST PAY MAY BE LINKED TO SOME PERCENTAGE SAY 15 OR 20( THIS MAY BE SANCTIONE TO CASHIERS OR OTHER PERSONS WHO IS HOLDING DESIGNATIONS IN CASE OF AWARD STAFF. ACCOUNTANTS, BRANCH MANAGERS - FIELD LEVEL FUNCTIONARIES AND SPECIALISTS OFFICERS OF ADMIISTARTIVE SIDE TO KEEP THE COST UNDER CONTROL )
EDUCATION ALLOWANCE
LIBERAL TRANSPORT ALLOWANCE
PENSION
PENSION UPDATION TO ALL PENSIONERS PRESENT PAST WITH MONETARY BENEFIT FROM A PREDETERMINED DATE WITHOUT ARREARS PAYMENT
LET US PRAY GOD THAT THE ENSUING MEETING WILL END WITH A SMOOTH SETTLEMENT SO AS TO HAVE HALF SIGH OF RELIEF . WE MAY APPEAL TO THE LEADERS TO BE MORE VIGILANT INFUTURE AND ALSO REQUEST THEM TO PREPARE THE GROUND WELL FOR 1.1.2012 SO AS TO ENSURE TOTAL PARITY WITH SIXTH PAY COMMISSION IN ALL PARAMETERS INCLUDING PENSION.
THERAFTER LET THEM LEAVE IT TO THE GOVERNMENT AND LIBERATE THEMSELVES FROM THE TORTURES OF IBA.

K BALASUBRAMANIAN

workplace bullying said...

Employees whether Clerk or Officer's right to fight through their Unions and Associations when add political affiliation and mileage will result in the present state of chaos and confusion. Ministry of Finance through IBA is fishing in the troubled waters. Union or Association leaders should quit their portfolios at least 6 months prior to their retirement and the subordinate leaders should be provided with opportunity to raise the level of the outgoing leader. At present our leaders have become power addicts and play with their positions for favours and personal gains at the cost and life of 10 lakh bank employees. No retired or nominated person should be permitted to lead the UFBU and no politics "left or right" should enter into Bank Unions. Employees welfare alone should be the motto of the unions. IBA & UFBU meeting for talks should be video recorded and should be made available in the Union's website. Further UFBU should issue circular providing the details of expenditure incurred towards members attending the talks with cumulative figures. Bankmen should demand setting up of a Commission to deal with wage/pension related issues.

vat said...
This comment has been removed by the author.
vat said...
This comment has been removed by the author.
vat said...

vat said...
whether right or left ultimately the employees and jr.officers are at the mercy of at our great union leaders.They never speak in one voice even though they formed to show that they are together. Unless or otherwise they compromise their ego problems themselves, it will be very difficult to have a good settlement for the bank employees

chandan said...

Thanks to BALAN Sir for his valuable openion.

Swami said...

It is learnt from the respectful source that 4th is UFBU meeting only and not iba vs ufbu. Still iba in the name of govt giving lot of impediments regarding sharing the pension fund. UFBU may decide for a strike call once again.

Swami said...

dear balan sir, what is the merger point of index for 6th pay commission. can u please tell.

Parameswaran said...

Swami is correct. IBA is yet to give date.UFBU is only meeting at Chennai. It is not clear what for they are meeting.

H.R. Dhiman said...

3 months have passed to 2 day strike. UFBU leaders have met once or twice after that. One round of talks with Govt/IBA. When this is the speed, how can we expect results ? Give a call of indefinite strike, all the issues will be solved.

naresh said...

why there are conflicting reports of meetings of ufbu or iba, are these rumours. Mr.Balan Sir, please authenticate the same. It is also rumoured that unions may leave the pension issue in abeyance and sign the wage settlement, is it true. What is the purpose of signing the wage revision without pension option.

sudhakar said...

What is the use of demanding 25% wage increase now when the UFBU tentatively agreed for 17.5% with pension option. Let UFBU be clear in their demand and if need be we can go for indefinite strike to archive the desired results. Gap between two meetings is too much which dilutes the spirit of the employees for any strike action etc. Let UFBU may make their mind on 4th Nov 2009 meeting without any time loss for future course of action.

IYER said...

A meeting of the UFBU was held on 04.11.2009 in Chennai.

1. 1. The meeting took note of the negative approach of the Government in relation to the revised scheme of compassionate ground appointment/financial compensation to the family of the employees dying in harness and felt that the scheme as discussed and finalized between UFBU and IBA should be got expedited.


2. 2. As regards the condition of the IBA that the entire cost of pension arising out of the wage revision to be adjusted from the proposed wage revision and that in the next settlement again another actuarial valuation should be carried out and the gap should be funded by employees sharing the same, after detailed discussions, the UFBU while rejecting the above conditions, expressed its view that the additional pension cost can be adjusted by sharing a portion of the same as was done in the 7th and 8th bipartite wage revision.


3. 3. Regarding IBA’s condition that a new contributory pension scheme should be accepted by the unions from 1-4-2010 as a pre-condition for extending one more option for pension scheme, the UFBU felt that a mutually acceptable solution should be worked out to resolve the same as unilateral imposition of such conditions are not acceptable.


4. 4. Regarding IBA’s suggestion for introduction of the concept of fixed pay and variable pay for bank employees/officers, UFBU decided not to accept the proposal.


Based on the above, the meeting decided to pursue the issues with the IBA during the next round of talks to be held shortly and to expedite the conclusions as early as possible.

NOW, THE ABOVE UFBU PRESS RELEASE INDICATES THAT THE UFBU IS EITHER NOT CONCERNED ABOUT THE WAGE REVISION ISSUE IN TOTO OR ELSE THE MATTER STANDS RESOLVED FOR ALL PRACTICAL PURPOSES. FROM THIS BLOG SPOT I GOT A SMS A COUPLE OF DAYS BACK SAYING THAT THE BANKMEN ARE DEMANDING 25% HIKE. BUT THE MEETING DID NOT DISCUSS ANYTHING ON THIS. WHILE MANY EMPLOYEES ARE WRITING ON THE WALL ABOUT 6TH PAY COMMISSION AND DESIRABILITY OF PARITY VOCIFEROUSLY, THE UFBU IS SEEMINGLY SITTING PRETTY ON THIS ISSUE. EITHER THEY ARE PLAYING THEIR CARDS CLOSE TO THEIR CHEST OR HAVE SUCCUMBED TO PRESSURE. LET US, AS USUAL, KEEP OUR FINGERS CROSSED!

Contact Us

Viewers may share any information with the administrator in this email shyamali00@gmail.com
Any news, if approved, may be published in this blog under his /her name.

.................RECENT HEADLINES

Related Posts with Thumbnails

Blog Archive

Bookmark This Page

Bookmark and Share
All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.