Friday, February 26, 2010

Details of discussions held between IBA and Officers Organsiations at Mumbai on 25.02.2010.


Due to some unavoidable circumstances, it was not possible to update the blog for the last week. We sincerely apologize the inconvenience caused to our viewers. 
Paycommissionupdate is back again with latest news as ever.

Click here to view details of meeting with UFBU

Officers' Associations submitted written proposals on the pay scale & allowances to Shri. Ramakrishna, Secretary, IBA. The same was explained later during the meeting. In response, IBA submitted two new proposals on revised pay scale as under:-


Proposal I - 15000 Incr 600-700-800-900-1000-1100-1200-1300-54400
Proposal II - 14200 Incr 650-700-800-900-1000-1100-1200-1300-54400
HRA - 6%, 7%, 8%. CCA - Existing rates & Quantum to continue.
Stagnation Increments - Additional as demanded by Officers Associations not possible due to cost constraints.
Pension - Effective date to be from date of settlement only.
Pension cost calculation - IBA sticks to its methodology.
HRA & Hospitalisation costs - IBA unwilling to consider request of Officers Organisations to rework these costs.
Pension Settlements - IBA to give draft agreement to Officers Organisations shortly.
Residual Issues - Officers Organisations to submit list to IBA shortly.
Officers organisations agreed to respond to IBA on these proposals in the next meeting.
No date has been decided for next meeting with IBA. IBA desires early finalisation of excercise but its approach not very flexible/conducive for the same. Stalemate position continues on almost all major points since IBA is refusing to consider our joint proposals.
AIBOA has made it clear that all proposals regarding Pension costing like SBI Balancing, Cost of Pension and date of effect will be decided on the basis of UFBU decision as this issue is decided earlier through MoU with IBA.


AIBOC issued its circular No. 16 on talks with IBA held on 25.02.2010. We are reproducing the same here for our readers.


CIRCULAR NO. 16                            Date: 26TH February, 2010

TO ALL AFFILAITES/MEMBERS

TALKS WITH IBA UNFRUITFUL

One more round of discussions with IBA was held on  25/02/2010 at Mumbai to decide on distribution of wage load of 17.5% and other related factors. Four Officers’ Organizations went in a delegation to Shri K. Ramakrishnan CEO of IBA and submitted a common proposal on distribution of  wage cost on various components of salary and allowances to the IBA, and requested for an early settlement. We also requested the IBA to draw the final settlement on pension and residual issues simultaneously, within the time frame fixed. He too expressed his concern on undue delay in arriving at final settlement and assured to expedite the matter.  

Therefore the discussions with the core committee of the IBA commenced in a cordial atmosphere. The IBA core committee was represented by Shri. Jagadish Pai, B.B. Das, Rajeev Rishi, Unnikrishnan and Venugopalan.  After opening remarks from the Chairman of the Core Committee, we presented our response on the IBA’s proposal of 23/01/2010 and briefed on the basis of our proposal in distribution of the cost.

In our proposal, we have taken care to distribute the wage load in an equitable manner to all scales from JMGs-I to Scale VII. The HRA percentage retained as comparable to workman staff.  Additional cost on pension, House Rent Allowance etc., are calculated on a scientific basis.  The date of effect of pension to CPF optees is assumed as from retrospective date.  As more number of officers are stagnated at lower level of scales, a provision for additional two stagnation increments for officers in Scale-I to Scale IV was also suggested by us.  We ensured to avoid anomalous situation in pay scales, and incremental pattern as compared to the workmen scales etc.

 Unfortunately, on none of our proposals, there was a positive response form the IBA and they stuck to their method of calculation of additional cost on HRA, pension and distribution of wage load of 17.5% on various scales.  It appeared that,  we have reached a dead end.  The discussions concluded without any fruitful result.

 Thereafter, we shared the information with our small committee and other leaders and decided to seek appointment with the Chairman of IBA to present our views.  We also felt that, as avoidable delay is causing much frustration among the rank and file, we should keep them advised of factual position and be in readiness to take the issue to its logical end without loss of further time.  Accordingly, we communicated to our members the outcome of the discussions through SMS.    We have also communicated to the Chairman of the IBA our concern on the stalemate, and requested for his intervention and an appointment with him to explain our stand, at the earliest.  We propose to meet him in the next week.

Comrades, it appears that, IBA feels that it is their prerogative to decide on the pay scales and method of calculation of additional cost required for various components of salary and allowances out of 17.5% wage hike.  We can not accept their proposals as it has to be done through bilateral discussions to avoid heartburn and anomalous situation within officers’ cadre and also in comparison with workmen staff.  We have to take care of the aspirations of large number of our membership who have stagnated in their respective scales and their career progression.  We are confident of convincing IBA on the line of the distribution of wage cost, but things can not be taken for granted.  The time at our disposal is very short.  Hence, we request our membership, to be in readiness for organizational action, if the situation demands.  We shall advise further developments, after meeting the Chairman IBA. We also request our membership to bear with the situation as it is our intention to ensure justice to all category of officers in distribution of wage cost equitably, among all components of salary and allowances.

With greetings,
Sd/-
(G.D. NADAF)
GENERAL SECRETARY



58 comments :

Parameswaran said...

Now I do not understand the meaning for MOU. What is its sanctity. In the fast moving world to settle an issue why they are taking 28 months. God alone save bank employees.

BALAN said...

OPTIONS BEFORE UFBU


It is very clear and evident that the present set of leadership failed miserably in convincing IBA team to get the MOU converted into a settlement. The costing of pension ,improvement of medical expenses etc all eye wash to deny the benefit to bank men. If clearance comes from the top political leadership , within 24 hours settlement could be signed without any negotiation.

If this trend continues majority of PF optees retired under normal course will die sooner or later without seeing light of the pension and only the family will be entitled to meager family pension ,in which case surrendering of PF will become a wasteful exercise. A month delay means advancing to death by a month which the concerned parties to the settlement should understand. It is the internal politics of the negotiating team which is playing havoc.
The following options can be considered :
LEAVE THE ENTIRE MATTER LIKE PENSION COSTING , DATE OF EFFECT OF PENSION PAYMENT AND ALL OTHER DISPUTED AREAS TO IBA . LET THEM DECIDE. IF YOU DO THAT THEIR BLOOD PRESSURE WILL GO UP SINCE UFBU IS NOT IN THE PICTURE.
FURTHER THEY WILL IMMEDIATELY CONSULT THE NORTH BLOCK AND GET THE SETTLEMENT SIGNED BEFORE CLOSING OF THE FINANCIAL YEAR.
PRESENT LEADERSHIP SHOULD TAKE MORAL RESPONSIBILITY FOR THE FAILURE OF THE NEGOTIATING SKILL DUE TO INTRENAL SQUABBLES. SO GIVE WAY FOR THE PEOPLE WHO MAY ACHIEVE BETTER BENEFITS TO THE EMPLOYEES ./PENSIONERS. THE PRESENT SET UP THROUGH THEIR LACK OF IMAGINATION AND VISION DRAGGED THE BANK EMPLOYEES STATURE TO THE UNDISPUTABLE LAST POSITION WHEN COPMPARED TO CENTRAL /STATE/QUASI/PUBLIC SECTOR AFTER THE VI TH PAY COMMISSION.
WHEN THEY GOT FULL DA NEUTRALISATION IN THE PRESENT SETTLEMENT THEY DELIBERATELY FAILED TO ACHIEVE AND GET THE SAME BENEFIT TO THEIR OWN SENIOR COLLEAGUES WHO RETIRED PRIOR TO 01.11.2002 WHICH IS UNHEARD OF IN THE TRADE UNION MOVEMENT. WHEN THE GOVERNMENT IS WHOLEHEARTEDLY EXTENDING ONE BENFIT OR OTHER CONTINUOUSLY BY INCREASING THE PUBLIC DEBT BY SUITABLE BORROWING PROGRAMME. WITH OUT COST CONSCIOUSNESS WHY BANK EMPLOYEES ALONE ARE HUMILIATED. MANY OF THE LOSS MAKING UNITS WERE GIVEN HEFTY PAY INCREASE BY CONSIDERING BOTH AS DIFFERENT PARAMETERS. THEN WHY YOU ARE ALLOWING IBA TO SIT WITH A CALCULATOR INSTEAD OF SEEKING PARITY.

WHAT EVER BE THE DECISION CAN BE REVERSED AND NEXT SETTLEMENT CAN BE CLINCHED WITHOUT PENSION COSTING, IE 100% MANAGEMENT EXPENSES AND ALSO PENSION UPDATION. IN A COUNTRY LIKE INDIA ANY THING MAY HAPPEN . NOTHING IS IMPOSSIBLE. BUILD UP THE MORALE OF THE EMPLOYEES AND SEEK PARITY IN THE NEXT SETTLEMENT WHICH SHOULD BE IMPLEMENTED ON 01.11.2012 ITSELF.
CONCENTRATE ON THAT EXCLUSIVE FOR THE SERVING EMPLOYEES LIKE INTRODUCTION OF VARIABLE PAY LIKE GRADE PAY FOR PERFORMANCE. IMPROVING HRA RATES TO 15,20 AND 30% . TRANSPORT ALLOWANCE, EDUCATION ALLOWANCE, MEDICAL AID ETC. KEEP THE BASIC AND DA AS SUCH . IT WILL SERVE TWO PURPOSE. ONE WE CAN COMPARE OURSELVES WITH SEVENTH PAY COMMISSION IF AT ALL IT COMES.
SECOND IBA WILL NOT ASK YOU TO RECALCULATE PENSION LOAD ONCE AGAIN. HENCE YOU ACCEPT WHAT THEY OFFER NOW. KEEP LOW PROFILE. YOU CAN ALWAYS MAKE A TIMELY FIGHT . STRIKE THE IRON WHEN IT IS HOT. NOW NO USE. TOOLATE .

K BALASUBRAMANIAN

gopal said...

It's very painful to understand the failure of ufbu to clinch the final accord with IBA.Its very much frustating and I beleive that 's the motive of IBA to demoralize the bankmen by depriving their legitimate rights to have a fair deal through negotiations.It's an indirect insult on every bank emmployee for how daringly the MOU signed was ignored and was told "go to hell, Do what ever you want to do" Now the situation is ,ufbu has to sign on the dotted lines and save it's skin.
Since the date of next round of talks not known,let the ufbu test its strength or with no furthur delay surrender to IBA hoping for the best in the next BPS

Parameswaran said...

As rightly pointed out by Balan, every delay in signing the settlement may deprive pension to the existing retirees if they die. They are eagerly awaiting to get the same. The union leaders and IBA will be cursed by the family members till their life time if the retirees die without getting their legitimate pension.

SHANKAR said...

If a team of experts in financial matters are asked to resolve the issue they will be able to settle the matter within a week. But for the present team it took more than 90 days and even then they could not resolve.This is the difference.

Vasu said...

As per the circular issued by General secretary dated 26.2.10,leaders have decided to meet the chairman of IBA , next week to seek his intervention for early and amicable settlement.Why not immediately so that there would be statutorily required time limit to announce a strike before the financial year end. If as proposed a meeting takes place sometime next week ( even this is not certain)and the outcome is not satisfactory. a golden opportunity would be lost to go on strike before 31.03.10. As it is the meeting was held on 25.02.10 after considerable delay probably to avert the possibility of a strike during year end. The iron should be struck when it is hot. As other blogger s have rightly pointed out, bankers are being taken for granted as they do not have proper lobby to take up their cause like farmers. A case in point is the recent agitation of cane growers at Delhi seeking higher support price. The demand was met with great alacrity involving around Rs.7000/ crores. Similar instances are aplenty. A member has pointed out how even loss making units have benefitted immensely. The leaders should explore the possibility of going on strike by giving due notice and then probably meet the chirman of IBA . Vasudevan

Parameswaran said...

When the pension outflow was calculated based on 31-03-2008 as cut off date what prevents IBA from giving pension from 01-04-2008. Whether it is retrospective or prospective if will be few crores of rupees. For Banks it is very small amount but it is a very big amount at the hands of Pensioners. Anyway bankers already denied pension for quite a long period upto 31-03-2008. When the banks are able to waive loans and interest to the extent of thousands of crores, why they are not showing the magnanimity to their own employees.

workplace bullying said...
This comment has been removed by the author.
Kundan said...

Most bank officers & employees although not daring to come out openly. But every body is cursing the unions /associations and their leaders (Dealers)for their hide and seek game to make the employees and officers feel that their needs are looked into and every thing is because of the unions/ associations and without them nothing. Fear of victimizations, fear of double establishment, fear of denial of promotions,are compelling them to wait and watch. But these leaders must understand that enough is enough and a day will come when the things will go out of their hand. Lest they shud decide some thing very urgently. I agree that the agreement may be due to dilly delaying of IBA, but what stops them from announcing agitation call. The call be given urgently, otherwise the patience of common members may explode.

Nishant said...

A look at the circular and we can deduce that its one way traffic ( IBA )... The UFBU and the so called netas have failed miserably in their negotiation skills....

The statement in the circular "Officers organization agreed to respond to IBA on these proposals in the next meeting." denotes lack of spine, unwillingness to take a stand and procrastination on the part of officer association..

This line "Developments will be informed in due course." denotes arrogance and indifference on the part of UFBU to the general aspirations and expectations of the officers. Rather than reassurring, the circular suggests that the UFBU is doing a favour by dancing to the tunes of IBA...

One suggestion to UFBU from a aam Banker-- Instead of meeting in goa and kochi, pls utilise the subscription fund and the soon-to-be-collected levy fund in developing your negotiating skills.

B V JOSHI said...

One more wait and see, SORRY, WAIT AND WAIT AND WAIT.

What makes them to mention that IBA is yet to give date for further discussion? One wonders how many “TAREEKH PE TAREEKH” they want to enjoy? Central government pay commission so also many state governments implemented decent improved salary hikes without any strike call/any repeated negations etc.

What does this mean? Employees in the Banking sectors are treated as BHIKAREES. This must open our eyes- why the one umbrella UFBU having total strength of all Bank unions behind them is hesitating to call for an indefinite strike by treating the MOU of 27.11.2009 as null and void and reiterate demand as given in the original charter of demands. Nothing short of demanded hike without any ifs and buts as well as ambiguity in cost of this/that etc. Not agitating over how all the bank employees are treated and the undue delay in giving peanuts raise eyebrows over the integrity of the apex leaders. Some body should seek legal advice and initiate steps for filing PIL questioning negations style carried over by the apex leaders. This is no doubt required to force them to be very clear why they are almost ready to sign dotted lines- virtually - without any protests. Leave alone; there is no expression of unhappy over the attitude of IBA at least in words and a word of caution that all members should be ready for indefinite strike call?

There is an urgent need to question the apex leaders and the mute response of unit leaders.

sukhi said...

can we file any suit/litigation in court against these so called chaeter leaders. Option for filing PIL in suprenme court for early decision in the matter may also be explored

Bhupendra said...

It seems that IBA is playing with the employee, so that They would able to give very less amount to the employees. Now a days the possion of the Banks are very criticle, Govt has given green signal to the Private sector so they will be the compititor of the Nationalised Bank. The business has be come very tough that the Bank employees future is totaly Black in comparrision to the past Goladen history. The big Private Banks are giving small increase in salary andd taking three to four hours more work, eventhough in small neglegionance they are fired to resigned. How IBA will agree with your proposal. Please not that there will be no use for the "Fighting till end" or Indefinate Strike. We all are knowing the position of our leader-totaly unfaithfull to the members.

SHANKAR said...

All members should urge upon IBA to announce the next date of meeting before concluding the ongoing meeting itself. This is because it is proved that settlement could not be reached even after several meetings and there is no guarantee that the it will be finalized in the next meeting also.At least members will be happy to note that something will be going on.

Sanjay Bhatt said...

Dear Friends,

My friend now no questions and problems from wage and pension settlement(9BPS)and tax saving or more/less getting,But failure of MOU.

Failure of MOU has may meanings
1) Its show What is our strength.
2) Its show our leaders not able to negotiation.
3) Leaders are not liable and worried about members.
4) What value of UFBU umbrella strength for IBA/GOI?
5) What reasons for not called for indefinite strike even after failure of MOU??
6) Why our leaders continue with IBA even after IBA/GOI not responded them meaning fully in all past meetings?
7) Our leaders are our Representatives and they image and strength of members Put at stake.
Pl.think and .....

All Answers of above Questions are LIKE OUR VALUATION REPORT BY IBA/GOI.

What information now you show on unions?association website are part of the game of UFBU and diverting us from failure of MOU only.

I have all ready written in past comments now they will start clarifications and excuse.

Don't be happy with tentative pay structure Which yor seen on web.

Its shame for us and failure of us.

yes...yes..
not leader.because We can't stopping them.

workplace bullying said...

Friends, I wish to reproduce a message appeared in the blog during August 2009,
Dr.Dhananjaya said...
Just one million bank employees serving the needs of one billion Indians. They constitute the backbone of the entire Banking Industry.Banking industry is the spring-board of economic successes of India. It is managed amazingly well with committed and the honest emloyees and the Indian economy is insulated against global recessionary trends.A very good and well Managed IBA and the Banking Industry.Enough is enough. It is proper on the part of Minister for Finance to settle the wage revision talks amicably and thereby enable the banking employees to strive for ensuring overall progress of India to newer heights.

August 5, 2009 9:46 PM

90 days over after the MOU.
IBA and UFBU are making fun at each other. Bank employees are simply watching. This is happening only in Banking Industry. Employees wake up at least now.

workplace bullying said...

IBA Objectives

To maintain continuous communications with the representatives of bank employees, to conduct talks, discussions, and negotiations with them and to arrive at Settlements.

To provide assistance and guidance to members in interpretation and implementation of Awards, Settlements, etc.

To assist, advise and guide all members and the smaller members in particular on all their needs, difficulties and problems of growth, development and working.

To act as an agent or a representative of a member or members in respect of matters connected with any of their operations working or administration.

The above are the objectives of IBA in para 13 to 15.
IBA please remember these objectives again and ACT

sunny said...

It takes 5 to 7 months for the UNION FINANCE MINISTRY to prepare a Budget, where as our UFBU / IBA require moe than 28 months to finalise a wage revision which is still pending.May we know how long will it take to arrive----SHAME SHAME SHAME

BALAN said...

ANALYSIS AND REMEDIES SUGGESTED SCALES EXACTLY ON PAR WITH THE PRESENT SCALES UPTO SCALE VI LEVEL
SCALE I 15000-800(6)-19800-900(3)-22500-1000(7)-29500
SCALEII 21600-900-22500-1000(10)-32500
SCALEIII 29500-1000(5)-34500-1100(2)-36700
SCALE IV 33500-1000(1)-34500-1100(5)-40000
SCALE V 40000-1100(4)-44400
SCALE VI 44400-1200(4)-49200
SCALE VII 49200-1200(2)-51600--1400(2)-54400

STAGNATION INCREMENTS
AT PRESENT THERE IS AUTOMATIC MOVEMENT FREOM ONE SCALE TO OTHER
THAT MEANS THREE NOTIONAL INCREMENTS ARE AVILABLE FOR SCALE I
FOUR NOTIONAL INCREMENTS ARE AVILABLE FOR SCALE II
LEAVE SCALE I , II AS SUCH
DEMAND A LATERAL MOVEMENT FROM SCALE III TO SCALE IV ALSO IE 3 STAGES
EXTENDING THE SCALES FURTHER CAN BE TAKEN UP IN NEXT SETTLEMENT THIS IBA MAY ACCEPT

ALLOW THE IBA TO GIVE GOOD PAY SCALEAS FROM SCALE V , VI AND VII AS PER THEIR WISH
IT WILL HELP US IN FUTURE
AWARD STAFF
THE PAY SCALE STRUCTURE FOR AWARD STAFF SEEMS GOOD AS GOOD INCREMENTS IN THE BEGINNING STAGES PLACES JUNIORS ALSO IN A GOOD POSITION .AWARD STAFF SCALES CAN BE ACCEPTED AS SUCH. THE CONCEPT OF 1000 PM FOR THE STAFF WHO ARE NOT RECEIVING ANY SPECIAL ALLOWANCE FROM 01.05.2010 IS AGOOD CONCEPT AND THE THE TOTAL BASIC FOR A GRADUATE WILL COME TO 6200+800+1000 =8000 INCLUDING DA AND HRA ONE CAN CROSS THE FOUR DIGIT SALARY. ACCFEPT NOW IMPROVE LATER SHOULD BE THE TARAKA MANTRA BECAUSE OF THE VEXED PENSION ISSUE

NEW IDEA ON PENSION
REQUEST IBA TO SANCTION NOTIONALLY PENSION OPTION FROM THE RETIRED DATE.CALCULATE NOTIONAL COMMUTATION. PF WITH THE RECEIVED INTEREST AS ON THAT DATE . ADJUST THE SAME NOTIONALLY. BALANCE IF ANY CAN BE PAYABLE NOW.
LET THE DATE OF ACTUAL MONETARY IMPLEMENTATION MAY BE FROM 01.04.2009 AS A VIA MEDIA INSTEAD OF 01.04.2008 BY UFBU OR 01.04.2010 BY IBA
GAIN FOR IBA : IT IS ENOUGH IF THEY PAY ARREARS FOR THE CURRENT YEAR ALONE
GAIN FOR PF OPTEES : COMMUTAION FROM THE RESPECTIVE RETIRED DATE/BETTER COMMUTAION INDEX/ SO THAT RESTORATION WILL COME FASTER
COSTING OF PENSION AND REPAYMENT BY THE PENSIONERS CAN BE ABSORBED BY IBA AS THE CONCEPT ITSELF IS RIDICULOUS .
ABSORBING THIS 1800 CRORES IS NOT AT ALL A BIG THING WHEN COMPARED TO THOUSAND OF CRORES ALLOCATION TO PENSION BY THE GOVERNMENT. EVEN THE RAILWAY BUDGET DOCUMENT ENVISAGES AN OUT LAY OF A HUGE SUM OF 55000 CRORES AS A RESULT OF SIXTH PAY COMMISSION RECOMMENDATIONS
100% DA NEUTRALISATION TO PRE 01.11.2002 PENSIONERS
RECTIFY YOUR PAST MISTAKE OF NEGLECTING /BACK STABBING YOUR OWN SENIOR CITIZENS, BY ASKING IBA TO PAY 100% DA NEUTRALISATIION TO PRE 01.11.2002 BANK PENSION OPTEES ATLEAST FROM 01.04.2009 ALONG WITH THE PROPOSED PENSION PACKAGE
BY SEEING ALL THIS WE CAN EASILY CONCLUDE THAT IBA WHICH IS ENVISAGED THE TASK OF RECOMMENDING THE COMPETITIVE WAGES BY TAKING INTO ACCOUNT THE NATURE OF JOB , RISK TAKING , RESPONSIBILITIES ETC IS NOT SINCERE ENOUGH IN PEROFRMING ITS ROLE AND THAT UFBU LEADERSHIP IS ALSO NOT SINCERE AS THE COMMITMENT AND FRAGMTISM AND VISUALISATION OF THE ERSTWHILE TALL LEADERS OF BANK UINONS IS TOTALLY MISSING.
EXCEPT PENSION UPDATION ALL MATTERS CAN BE SORTED OUT AND LIGHT OF SETTLEMENT CAN BE SEEN BEFORE 15TH OF MARCH AND MARCH SALARY SHOULD BE THE NEW SALARY IF THERE IS DETERMINATION ON ALL SIDES.
WHATEVER THE RESIDUAL DEMANDS CAN BE TAKEN UP AFTER SIGNING THIS VEXED ISSUE OF PENSION /DA NEUTRALISATION OF PRE 01.11.2002 PENSIONERS AND BIPARTITE SETTLEMENT WITHOUT FURTHER LOSS OF TIME.
ACT QUICKLY SEEK APPOINTMENT WITH MADAM SONIA GANDHI /PM/FMTHROUGH SMT JAYANTHI NATARAJAN , PARLIAMENTARY COMMITTEE MP THAT WILL BRING NECESSARY EFFECT. SETTLEMENT CAN BE SIGNE DIN THE NEXT SITTING WITHOUT MUCH TALKS.
K BALASUBRAMANIAN RETIRED SENIOR MANAGER VRS 2001 PENSION OPTEE

ACTIVE MEMBERS WHO ARE IN AGREEMENT FO MY VIEWS CAN FORWARD THE COPY TO THE CONCERNED OFFICE BEARERS

mohanlal52 said...

Respected Shri Balan,

Do you think our learned leaders/ IBA will listen to your valuable suggestions?

Our leaders have proposed a payscale of Rs. 15000- 47400 as against IBA proposl Rs. 15000- 54400. Is it not a joke?

Our GMs will have to pay from their forthcoming salaries the negative arrears they earn for the period after Nov. 2007?

Do you have details of scales proposed by UFBU? Is there any change in DA formula for seniors?

Where is Mr. Swami - a know all man?

Regards,

Parameswaran said...

Dear Balan Sir,
Let us not demand pension from a prospective date. Since database for pension to the new optees was created based on 31-03-2008, there is no problem for the banks to pay the arrears without interest. I am sure arrears will not be equivalent to the difference in commutation value between the retirement date's next birth day and ensuing birth day. Nobody will agree for payment of commutation from the earlier date than the ensuing birth day.

chandan said...

Referring Parameswaran 28, 2010 7:57 PM:

Dear Sir,

With due respect. Here it is only pension and pension. Retrospective and prospective. Let us first draw the new salary. Why are you Sir, not sending mails to leaders especially to the convener UFBU ? Many of them must be either your contemporary or juniors.

Thanks.

Sanjay Bhatt said...

Pension and Wage has same value at this moment.

But All you see

What is result of Pension and wage points clubbing ?

Delayed......Delayed......

Sanjay Bhatt said...

Please start to send one e-mail on

chv.aibea@gmail.com

I already started.

BRAJESH said...

When the other govt. employee can get much better salary, why banker can not. There are number of Public Sector Undertaking which are either running in loss or even in profit but less than ours. For example all the Oil Marketing Public Sector Companies are loss making but employee of those are getting 50 to 200 % more salary than we poor bankers. We are working six days in a week while many of other PSU employees and Govt. Employees are working 5 days week with more holidays than us. Most of the bank officers in banks are working for more then 10 hours daily and are coming to the branch/office even on holidays.
How many other PSU employees or Govt. employees are working more than us without getting Over Time?

keerthi said...

Dear friends,
This is my first post on this blog even though I have been following your comments for quite some time now.
I had e-mailed the convenor of the UFBU before the failure of talks on the 25th February and received his reply,which I have reproduced here.
Com C.H. Venkatachalam, 16/02/10

I am S R Keerthi, a member-activist of AIBEA since I joined the bank in 1985.
Will you please be transparent and explain the actual reason for the inordinate delay in concluding the wage settlement?The usual ‘discussions are being held,talks are moving forward’ kind of statements do not hold water any more.It is time to deliver on the promises made.
As an enlightened and experienced leader you are aware of the deep disenchantment and disappointment this delay is causing amongst the rank and file.You may please follow the link http://paycommissionupdate.blogspot.com/2010/01/united-forum-of-nationalised-bank.html to feel the pulse of the average bank employee.As a staunch member of the AIBEA,it hurts me most when I am unable to explain the actual situation to our comrades when they express their resentment against the union leadership.I am sure you will agree that allowing this feeling of helplessness and antipathy towards the union among the employees to grow further will not augur well for the future of the trade union movement and it is high time the UFBU leaders start addressing the real concerns of the employees,who have until now extended their unstinting support in the fond hope that the unions will not let them down.
With regards,
Keerthi.
Com.C H V's reply.
DEAR COMRADE,
WHILE GENERAL ANXIETY IS UNDERSTANDABLE. I DONT SEE ANY REASON FOR DISENCHANTMENT OR FRUSTRATION ON WAGE REVISION. THIS TIME WAGE REVISION QUANTUM HAS BEEN THE MAXIMUM PLUS ANOTHER OPTION TO JOIN THE PENSION SCHEME HAS BEEN ACHIEVED. IF IT CANNOT BE APPRECIATED, I THINK WE HAVE TO EXPLAIN TO THE CONCERNED MEMBERS PROPERLY. IT CANNOT BE DONE THROUGH EMAIL CORRESPONDENCE. IF A MEETING IS ARRANGED, WE CAN COME AND ADDRESS THEM AND CLEAR THEIR DOUBTS.

LAST SETTLEMENT WAS SIGNED ON 2 6 05. NOBODY IS DELAYING THE SETTLEMENT UNNECESSARILY. SINCE SOME MORE ISSUES HAVE TO BE SORTED OUT WITH IBA, IT IS TAKING TIME.

WHILE MEMBERS WAN UNION LEADERS TO BE RESPONSIVE TO THEIR FEELINGS, UNION ALSO EXPECTS THE MEMBERS TO HAVE FAITH IN THE LEADERSHIP.

EXCHANGING VIEWS BY EMAIL OR IN BLOGS WITHOUT KNOWING THE DETAILS IS ONLY ADDING TO SUCH CONFUSION. IT IS BETTER TO AVOID SUCH THINGS.

CHV AIBEA


--
C H VENKATACHALAM
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Neeraj said...

Our demand for pay and pension at par with the officers and employees of Central Government is the only respectable alternative for bankers. Instead of bringing down the pay structure of the bankers at the bottom of the wage pyramid in the Public/Government Sector, we should agitate for restoration of the salary structure in tune with PCR recommendaions. The IBA and UFBU should jointly take up the matter with the Government so that the parity in salaries of people working in difeerent sector under the government control,is maintaned. If we don't want mass exodus of young talents from PSBs , we must fight for decent pay ,minimum at par with those of central Govt. Officers and Employees.

SHANKAR said...

Referring to Sri Neeraj March 2, 2010 7:58 AM.
As informed by CHV it is true that last settlement was signed on 02.06.2005. But for the same reason that the settlement was delayed inordinately the demands for 9 th BPS was submitted to IBA by UFBU well in advance with an understanding that the present settlement would be finalized before the expiry of the 8 th BPS that is before 01.11.2007.
But even if demands are submitted now itself for 10 th BPS, it may take 30 months for finalization.
These are facts.

Neeraj said...

Mr.Kundan and Mr Sukhi
There is still scope for getting pay parity with the officers and employees of the Central Govt.,if the bankers come forward in numbers to take up the matter with all concerned in the salary revision process. So far , the actual owners of the PSBs,i.e. the Govt., have not been involved directly in the fixation of salaries of PSBs' officers and employees as they have done in the case of Central PSEs.The matter might not have assumed importance in earlier settlements as the differences in salary structure was not huge. But in the present context, it is needed that the government should bring in parity of salary structure and prevent the bankers from reaching the bottom of wage pyramid within the govt. controlled organisations.

chandan said...

Referring Neeraj 2, 2010 3:51 PM:

Dear Mr Neeraj,

Please compare the improvements achieved in different awards before BPS. No doubt you will find a sharp rise in the graph of service conditions in PSBs (that time private banks) during the period of awards. Union introduced this BPS system in its own interest to get the control in these matters.

Our all systems rise and fall depends on the contemporary political situation and India political situations are always on fluid. If there was no election, certainly there was no such huge sixth CPC or Central PSUs' wage settlement.

To teach a lesson to communists, the party in power makes the bankers a scape goat in banks' wage revision. If other political parties will not come forward to patron bank employees' unions in a big way, then in near future, I don't see any light in your hope & aspiration to get a comparative salary with others in Govt.

Thanks.

Sanjay Bhatt said...

Keerthiji,

I request you that please one more e-mail send to Mr.CHV for their reply
sentences.

"IT CANNOT BE DONE THROUGH EMAIL CORRESPONDENCE. IF A MEETING IS ARRANGED, WE CAN COME AND ADDRESS THEM AND CLEAR THEIR DOUBTS."

I requested you because I think AIBEA And Mr.CHV has blocked my e-mail address.My all e-mails to them now returned with undelivered.


Please ask them members has not funds money to attend your meetings for clarifications of untrue speakers,Unions can issue circulars for this but last one year they also stops to send circulars to branches,Why?
If they ready for meeting of members within 10 days at MUMBAI OR AHMEDABAD then ask for it gate also.

They will not reply me then please do my work,Please.

Thanks and Regards.

Sam... said...

hmm...

I think, i would better stick to my private job...

chandan said...

I can't understand why convener UFBU misleading members by quoting a different comparative statement with sixth cpc, to highlight the achievement in ninth BPS. This comparative doesn't have any reality. A simple establishment Asst can also find the trick of presentation and can easily prove how wrong it is.

I noticed over the years that bankers in general quite poor in HR matters. Over the years in these matters they have been depending on their unions. A very few of them are exceptional. But in Govt administrative departments, where I used to work prior to bank, employees are very verse with these matters. Unions in the form of UFBU today are taking the advantage of this ignorance among majority bankers.

In workmen union that is also packed by a sizeable sub-staffs, the situation is quite grim. In case of Officers union it is a little bit better. In a simple mathematics, if someone gets Rs 20/- increase on Rs 100/- and another one gets Rs 25/- on Rs 200/- , then can we say latter one is better in increase? Where is the relativity? I don't know how has the convener studied the sixth cpc? Or has he borrowed this theme from someone else to rationalise the subject. He should note 2+2=4 and it never 5 or 6. His type of arguments I observed in some of his meetings after signing of MOU which will only tarnish the face of union when BPS will be out. Sorry to say that, during the era of Tarekeswar Chakrobarty, the mentor of CHV, we had never seen this type conclusion drawn by the union.

Thanks.

Vasu said...

Keertiji, This refers to ur maiden posting in the blog. You may write to sh.Venkatchalam that the need of the hour is transparency and communication. The members have been kept in dark and naturally this fuels uncertainty,anxiety . Sh.Venlatachalam need not attend meetings (if arranged !) to clarify things.It is enough if a detailed circular is issued explaining in detail the present state of affairs.In fact if members had been kept informed of the developments regularly there would not have been any misgivings. The suspicion over the behavior of the leaders is due to the secretive ways adopted by them. I am surprised to note that Sh.Venkatachalam feels that things cannot be explanined thru E Mails etc ..Why not ? This is the most accepted mode of communication these days world over. If the leaders do have any reservation in communicating with the members thru Email, atleast developments could have been posted in the site maintained by the unions. More over it is surprising to note that the leaders want meetings to be arranged to explain things as if it is not their responsibility to volunteer information . As if members would not have attended meetings if convened by leaders to disseminate information .Atleast would the leaders now inform the members honestly where they stand. Vasudevan

chandan said...

Referring BRAJESH 2, 2010 12:53 AM:

COUNTER IMPRESSION OF GOI EMPLOYEES ON BANKERS:
-----------------------------------------------------------------------------------------


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 8:05 PM


-----------------------------------------------------------------------------------------


SHYAMALI BASU 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. The 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 10, 2009 8:15 AM

------------------------------------------------------------------------------------------

Reproduced from: http://paycommissionnews.blogspot.com/2009/08/strike-ends-banks-to-resume-work-from.html


Thanks.

PM said...

Ref: keerthi March 2, 2010 7:58 AM


It seems from the reply sent by CHV, he is trying to turn the clock back. In a scenario where technology is in advanced stage holding meetings in different centers by leaders to explain things to few members present there has no relevance at all at present
01.Any latest information can be passed on day to day basis to keep members informed through web sites of unions where transparency is also can be ensured. Instead of doing right thing putting some arguments on E- mails and advocate for holding meetings is not in good taste especially from a national leader and convener of Bank unions.
02. For a settlement for a period of 5 years leaders took 30 months to sign in .Even if it happened in the past for any reason do we have to repeat the same bad precedents even to day and stick on the same attitude?
03. Though the employees may get the arrears of increased salary from retrospective effect ,Union is also collecting levy on the same. If there is inordinate delay more benefit goes to union leadership rather than employees.If any one attributes the real reason for delay in bipartite settlement to above aspect, no body can blame them since it is the reality.
04.But what about Pension payments to PF optees ?. If the payment starts from date of settlement poor retirees will loose heavily.For whose fault?.
05.Another argument is on payment of maximum benefit in current settlement.What is the maximum benefit?17.5%!.Are we not living in a society where salary revisions are taking place around us to see the facts?
06.When a time frame of 90 days is fixed by Union/IBA and settlement is not arrived is it not a delay?
Answers should be specific and to the points. Mere statements for the sake of reply is not in good intention.If information should have been passed on through web sites of Unions regularly, no need of E mail communication would arise. More over if transparency is maintained and ensured members would not have frustration and anxiety as of now in the matter of 9th BPS.

Neeraj said...

Dear Mr Chandan,
My postings in the blog is not to undermine the earlier settlements, but definitely to argue for a respectable settlement w.e.f. 01/11/2007. If we analyse the proposed salary revision in the backdrop of the news that more banks coming up in the private sector,it appears that the "bottom of pyramid salary structure of the PSBs will provide trained bankers to the emerging private sector banks at a cheaper rate. Now, the moot question is : whethe it is well designed or a coincidence that the move of wage settlement is done at base level simultaneously with the new entrants are permitted in the banking sector? In view of the present scenario , it becomes more important to seek pay parity with the officers and employees of the Central Government. The parity question can not be postpned for the next bi-partite.
Regards.

chandan said...

Referring Neeraj 3, 2010 10:48 AM:

I feel you fail to read between the lines of my post. I appreciate developments during era of different awards as because the improvements in service condition of bank employees found a sharp rise, where as in BPS system the rise has been slower. Awards tribunals were free from present day's UFBU-IBA nexus. That's why Financial Pay Commission is the need of the hour in the journey to get back parities with a past relativity of ours with other Govt and Govt sectors.

At the time of my joining in bank by leaving GOI, we are looking for a bank job for its higher salary. But today the scene is complete reverse. Just you feel, how much it hurts me.

Thanks.

workplace bullying said...

A open mail to IBA
I felt very happy while going through the objectives of IBA in your website.
Para 13 to 15 very much impressed me and I wish to bring it to the members viewing before going through the mail in detail. This I highlighted on 27.2.2010 through this blog:
“To maintain continuous communications with the representatives of bank employees, to conduct talks, discussions, and negotiations with them and to arrive at Settlements.

To provide assistance and guidance to members in interpretation and implementation of Awards, Settlements, etc.

To assist, advise and guide all members and the smaller members in particular on all their needs, difficulties and problems of growth, development and working.

To act as an agent or a representative of a member or members in respect of matters connected with any of their operations working or administration.”

Sir IBA is body of the top ranking bankers in the country and the members are not ordinary common men but represented by Executing Directors, Chairman and Managing Directors of time tested and established Banks.

Whereas we officers and employees of Banks just less than a million bank employees serving the needs of more than one billion Indians. We constitute the backbone of the entire Banking Industry. Banking industry is the spring-board of economic successes of India. It is managed amazingly well with committed and the honest employees and the Indian economy is insulated against global recessionary trend.

IBA Manages the Banking Industry not with its committees but only with the employees in total. Enough is enough. Is it proper on the part of the IBA and Ministry of Finance to settle the wage revision talks amicably and thereby enable the banking employees to strive for ensuring overall progress of India to newer heights.

Why double standards. We the employees are not taking sides with the left or partisan forces and our unions and associations are not political bodies.

to be continued.

workplace bullying said...

continued:-

Why there is no transparency in your talks with UFBU. In this technologically advanced scenario and the skill set available with IBA, the periodic wage revision talks are dragged like Chewing Gum. Even Chewing gums taste bad if chewed for longer duration. This is common sense, and neither of you seems to understand and stretch the negotiations beyond 30 months. Does this make any sense. You IBA members are well taken care of to enjoy the fruits of the employees hard work. Regarding Bank employees skill set, please note that we are also appointed only on merit and selected through tough competitive examinations and Bank employees are in no way inferior to government staff in any manner.

UFBU team is not functioning in the way they are expected to function only because of your devide and rule attitude. The UFBU team chooses IBA functionaries for their personal benefits and a group of close family and friends and promote the business through several favors extended during the periodic Meetings conducted in the name of Wage Negotiation. The UFBU is indirectly helping IBA team from embarrassing situations by cancelling the agitations and strikes called to pacify the employees in the final hour and IBA cools their bosses and grease UFBU leaders. It is reliably learnt that grade promotions process of several banks were to the favour of most wanted officers of the UFBU team. Besides business orders worth several crores, and Posting orders to a few on several occasions etc etc UFBU team also proposed several prospective NPA accounts and OTS/OCS sanctions in the banking industry leading to leakage of thousands of crores of Public Money.

9th BPS due on 1.11.2007. MOU signed on 27.11.2009 for finalizing the settlement in 90 days time, that too passed. Nothing is visible.

IBA please publish the entire Wage Negotiation Process if video taped or audio recorded along with the minutes recording either in the IBA website or through DVDs. Please arrange for live video recording of the WAGE Negotiation process and distribute it to the Banks for employees viewing or RBI website.

What is it you are sorting out with UFBU for over 30 months. What is the nexus between you and them. Why not IBA keep distance in matters of wage revision by recommending to the Government for forming a Bankers Pay commission.

Both IBA and UFBU are Crooks hence we doubt both of you for the delay and not concluding the wage revision. Better move away.

workplace bullying said...

A Open mail to IBA

It is the Officers and workmen, who made the nationalized banks earn a net profit of 21776 crores for the year ending 31.3.2009. In this the average employee cost is a meagre 13.76% to the total income. In spite of our contribution to the exchequer, the IBA was Silent after 24th Sep 2009 meeting of UFBU and UFBU was very casual. What is the hidden agenda between UFBU and IBA? G D Nadaf post a letter to the Ministry of Finance to make officers believe that he is there to take care of them. You IBA coolly REAFFIRMED your earlier stand and they were ready as per their earlier stand on major issues except some calculations and clarifications on future sharing.

Everybody has anticipated the call from IBA including the UFBU and hence UFBU staged a drama of an emergency session at CHENNAI. But to all our surprise the meeting ended without any positive approach and contradicted each and every proposal of IBA.

Bank unions, IBA sign wage pact on 27.11.2009, and UFBU convenor C.H. Venkatchalam said.“ The wage hike will benefit 900,000 employees belonging to public sector and old generation private banks like Federal Bank. "The actual benefit to each employee will be known over a period of three months after banks calculate it. The wage hike will cost banks Rs 46 billion annually," What were you doing after 29.11.2007 in the 25 meetings that were held in the name of Wage negotiation talks by IBA with UFBU? It is not a big Tamasha to fool every employee eagerly waiting for over 27 months and ready to wait further 3 months to conclude the talks.

CHV also said that employees who have retired after 1995 will be eligible for a second pension option. "Second pension option will benefit 300,000 employees and banks will have to bear an additional cost of Rs 42 billion on pension."

Copies of the MOU with signatures were posted in BEFI website. Several aspects were yet to be clarified. One thing is clear. You fooled UFBU and UFBU felt that it has gone too much and sacrificed to somehow secure the second pension option. How the scheme is going to be distorted. What will be the date of implementation etc are still untold stories
To be continued.

Saravanan said...

the settlement which is due for revision in November 2007, still the union is not taking action for revision.we are waiting for the revised salary for the past 29 months. so i would like to suggest that the union (UFBU,BEFI etc,) should be dissolved and young bankers should come forward.

Parameswaran said...

Dear Mr Chandan
I just pointed out the area where Mr. Balan was not correct.It is just like if payment of wage arrears is effective from the date of signing the settlement instead of 01-11-2007. Let UFBU and IBA say like that. See the outcome. Since retirees cannot do anything IBA is telling like that.

Paresh said...

This is my first comment on the blog. I have read several post on the blog and really feel bad that we are the nerve of the country. Without Bank country cannot run show for even a single day. We are giving profit and business which are higher and higher from the previous year but when matter for wage revision is discussed everybody forgets the matter. Hike of 17.5% a good joke. We are beggers. I think we should not have IBA nor UFBU. We must demand for pay commission like central government and should see that we dont get anything lesser then central government. Form a seperate forum to work on this line. throw away UFBU. We had enough.

chandan said...

Referring Parameswaran 6, 2010 4:05 PM;

I haven't post anything in this regard. So surprised to find such a question from you.

Thanks.

Parameswaran said...

Dear Chandan

Please refer your comment on 01-03-2010 at 12.00 A.M

r rajendran woraiyur trichy said...

Parameswaran said
in his comment on March 6, 2010 4:05 PM that
Mr. Balan was not correct.It is just like if payment of wage arrears is effective from the date of signing the settlement instead of 01-11-2007. Let UFBU and IBA say like that. See the outcome. Since retirees cannot do anything IBA is telling like that.

It might have been known to him and even then .....
We all know Mr.Balan Sir is a sincere & dedicated person on either way of personal & public and interested in the affairs of welfare of all bankmen. In spite of it, he expresses his views by this way means atleast the re-retired persons may happen to avail the facility before their dead end if allowed from the date prescribed by Mr.Balan Sir.

Every comment, when he makes, he insists for cent percent neutralisation of DA to be allowed to pre-retirees of pension optees before 2002 where as the so called leaders are very reluctant & silent in this matter.

God is the best and only person to award a gift of expelling them from their position before settlement!

COULD THIS HAPPEN? AND IT SHOULD HAPPEN!

chandan said...

Referring Parameswaran 6, 2010 9:51 PM:

Dear Sir,

The fact is that I and my contemporaries are actually much worried for existing revised wages as because we have a long tenure of service. Some of us have already developed inferior complex in them because of less salary drawn at our end while comparing our friends in GOI. So the kind of the problem of retirees that you mentioned in your post, doesn't fetch us much, right this moment. The question of our salary and relativity is right now the only subject coming into our mind. Request not to misunderstand me.

Thanks.

jayaram said...

In the case of Pension optees under pension regulations 1995since they are governed already by the said regulatios pension is paid from date of retirement.In the current pension option to be implementeed for retirees the concept is totally new.That is they opt and become a pensioner subsequent to retirement.Hence there is to be settelement by and between the parties concerned.Originally it was circulated that pension will be paid from date of retirement to all retirees.From the current information available from BEFI web site they inform they are strongly persuing payment of pension with effect from 01.04.2008The stand taken by IBA is that it will pay only from date of settelement,may be 01.04.2010. It is perhaps only in this context Mr. Balan had wisely suggestd the prospective date for pension payment as 01.04.2009. UFBU is still struggling even to arrive a salary settlement for officers after three months from date of MOU that is 27.11.2009.As conceded by AIBOC none of their proposal is acceptable to IBA.In the explosive situation first a salary revision is to be arrived within the agreed percentage of 17.5%.That will certainly ease the situation for the current work force.Whatever be the nature of agreement for payment of pension to retirees it may open legal battle in respect of date of payment,commutation, pension load,resigned employees eligibility, besides UFBU authority itself to enter such settelment on behalf of retirees who are no more memebrs of any union or association.In such a fluid situation it is wiser if the retirees first become pensioners and start drawing pension.Ofcourse they may choose the recourse available to them subsequently.In this context the draft agreement to be given by IBA for current pension option in the case of retirees is to be perused thoroughly.In all probablity it may contain some rude shocks as well. R.JAYARAM

workplace bullying said...

A Open letter to the UFBU convener Mr.C H V'ji and AIBOC general Secretary Mr.G.D.Nadaf'ji, every body is wondering till today as to why you called for all india Bank strike on 6th and 7th August 2009. I am also wondering as to what effect it will have to the IBA and the GOI. It is reliably learnt that the very dates were given to you only by IBA. You want to catch the fish at the same time leave it again in the lake. Earlier strikes were called either to agitate and also make the IBA and GOI understand the strength of the working force, when there were leaders for us now ?

Neeraj said...

We support agitation of the officers of LIC rejecting meagre hike of 17.5 %. We bankers need to unite and reject peanut wage hike.

chandan said...

Referring Neeraj 9, 2010 5:27 PM:

Be in reality. 17.5% has already been settled for PSBs. Nothing can be done right now on this BPS. Matter has been settled and final against all our expectation. In near future you will find LIC and other financial organisations like RBI, NABARD, GIC etc have to follow suit of collective bargaining of UFBU as per tradition and this time also there will be no exception despite their positive balance sheet and profit.What's a paradox!

Thanks.

Mitul said...

Referring to Chandan Sir...
March 9, 2010 9:29 PM

Sir that means RBI,NABARD,etc are also going to have the similar inferior settlement,Sir then why do PSB wants parity with RBI pay scales when they dont have much differ scales, Sir Can You elaborate this,by giving some comparison between a PSB officer and an Officer at RBI with same service period...
Thanks and Regards...

chandan said...

Referring Mitul 9, 2010 10:38 PM:


I am on this blog for last six to seven months and much unhappy, looking to the low vision of many members on HR subjects. Anywhere is it mentioned that the scale of RBI, LIC or PSBs will be the same? I hope you must be aware of the very word RELATIVITY. What does it mean? It means if A's Rs 100/- will be Rs 120/- then B's Rs 110/- must/should be Rs 132/- and must not be more than it. The increase on wage load at RBI, LIC etc will be 17.5% of their wage drawn and it not at all essential that, the rise is to be the same in amount wise term. In PSBs Officers, Clerks & Sub-staffs' wage hike is 17.5%, but does it mean that all will get same amount wise wage hike?

Thanks.

Mitul said...

Referring to Chandan Sir...
March 9, 2010 11:08 PM

Sir, the problem is not just with the HR subject but, there it seems a problem on analytical front as well,

as the question asked by me last time was not, that whether PSB employees and RBI ones will get the same wages,and its no where written even,but your interpretation was wrong,

Even a layman having little knowledge of finance can can tell that RBI or LIC will get the SO CALLED 17.5% of their profits,

The question was that if there is not much difference between the wages of two organization,then why do people shouting for the parity with RBI scales...do they wants share from their profits...??

Regards...

Sir in

chandan said...

Referring Mitul 10, 2010 3:04 PM:


"SO CALLED 17.5% of their profits"

What does it mean? I know it as 17.5% wage load/expenses on present/existing wage load/expenses. And “of their profit" isn't a wrong interpretation in this context?


"why do people shouting for the parity with RBI scales"


Who are the people shouting for the parity with RBI scales? Please mention. Employees, working in District offices are asking CSS New-Delhi scale. Does it mean that they ate to get it? Similarly RRB's so called back door entry made officers/ employees had asked for NABARD scale on the pretext of NRBI. Had it ever fulfilled? Note 'Wishes Aren't Horses'.



Thanks.

Neeraj said...

We want to know whether a bank officer will be at par with a central government Group A officer of similar length of service vis-a-vis his take home monthly salary , post wage revision? If not, then what will be the quantum of difference ? It is an irony that a lower wage hike is not justified by the IBA , but by our own fellow bankers . Let us first understand that we have to seek a fair treatment under the Government umbrella .

chandan said...

Referring Neeraj 11, 2010 2:54 PM:

The gap between a GOI officer/employee with that of a of PSBs today stands around 20 to 25% on post revision of both cadres depending on their status of the pay scale.

If you put your GM at par with Cabinet Secretary of GOI then this calculation is to be differed.


"a lower wage hike is not justified by the IBA , but by our own fellow bankers"


May I know who are 'our own fellow bankers' ?



Thanks.

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