Tuesday, March 30, 2010

Bank Pay Hike : Meeting with IBA tomorrow, 31st March. Settlement on 12th April ?


News Flash :  Pay Scales finalised from Rs.14500 to Rs.52000. Two Stagnation increments agreed for Scale I, II and III. Settlement will take place tentatively on 12th April 2010.

Source : aiubof


It has been reported that four officers organizations will meet today [30/03/2010] at 3.00 PM to finalize the strategy for further talks on the settlement including pension issue.

Further, UFBU will have its own  meeting on 31/03/2010 at 10.30 AM.  Later on there will be meeting of UFBU and IBA (on 31/03/2010) at 1.30 PM.

A letter has been written to Additional Secretary, Ministry of Finance[Banking] regarding to wage revision and high handed attitude of bank management in certain cases. 

Full text of the letter :

"
March 19, 2010

To

Shri G.C.Chaturvedi
Additional Secretary
Ministry of Finance-Banking
Government of India
NEW DELHI


We are extremely thankful to you for the discussions with you when we called on you at your office on 14.03.2010 to discuss certain urgent matters pertaining to the Industry.

1.  At the outset we had pointed out that the work chart offered by IBA in respect of revised scale structure for officers where the average loading has been too low for officers and so high for officers from Scales IV to VII.  We had suggested to IBA to discuss ways and means of giving more to Executives through fitment, grade pay etc., without distorting average loading and the continuous scale structure in vogue for all time now.

2.  In respect of pension balancing introduced by IBA suddenly this time we have duly submitted to you the following:

(a)     At the time of introduction of pension scheme in Banks an amount of Rs.120 crores were given by SBI to their employees and
officers as one time measure only.  This is borne out by records of IBA.
 
(b)   Since it was one time grant only neither SBI nor their unions raised this issue in the last 2 Bipartite settlements and no amount was set outside for pension balancing in their settlements, nor anything outside the settlement was paid.

(c).    Under this settlement, the decision of IBA to introduce ension balancing and not to agree for similar PF balancing as proposed by UFBU is untenable and not logical as it services only one set of employees discriminating the other section.


(d).     We may also point out that in the MOU dated 27.11.2009 signed by unions and IBA, neither party has mentioned anything about pension balancing.  MOU has clearly spelt out amount of settlement and other details including recovery for pension option etc.


Hence earmarking for pension balancing an amount of Rs.130 crores for officer in the chart is illegal and untenable and is an after thought.

We submit that since 120 crores given to SBI employee at the time of introduction of pension was above the salary agreement percentage, if at all Govt., wants to extend this, we submit should be outside the load of 17.5% and no deduction be made under the settlement for this payment.


3.   If we take that equalization of pension in SBI and other banks is accepted by IBA as a policy, then it automatically applies to all
superannuation benefits.  Therefore the recent hike in  Gratuity Act applicable to everybody, SBI officers will draw nearly 650 crores in
the settlement period more than other Banks.  However on Gratuity, equalization has to be done for other banks.  This also has to be
decided in the context of Pension balancing introduced by IBA.
4.    We have submitted to you the total attacks mounted by SBI management on our unit in State Bank of Indore after merger proposal. All open methods at canvassing members for other union, coercing our members, locking out union premises, transfer of Office bearers and activists continue and unabated.  The new union is recognized without verification of membership and check off to our unit membership is withdrawn.  On top of all this, the President of our Union Shri Alok Khare who is also the President of All India Bank Officers Association, is transferred to Tharana a small place from Indore 150 kms away.  We request you to kindly intervene and retransfer Com.Alok Khare to Indore city branches having regard to the minimum facility to be extended to the union for normal functioning.

5.    We have also pointed out the unilateral imposition of variable pay package in IDBI by the Chairman of the Bank in utter disregard of Govt. advice instructions.  Without any negotiations, the Chairman is bulldozing all existing system in the Bank and is running a reign of terror.  As the actions are totally injurious to the Bank, we seek your immediate action to end unilateralism in the Bank and restore normalcy and credibility in the systems in the Bank and take action against the erring official before it is late.

We once again thank you for the patient hearing given to us and request your positive consideration of our viewpoints.

Thanking you,

Yours faithfully,

(R.J.SRIDHARAN)
GENERAL SECRETARY"
 

 

23 comments:

Parameswaran said...

Pay Scales finalised from Rs.14500 to Rs.52000. Two Stagnation increments agreed for Scale I, II and III. Settlement will take place tentatively on 12th April 2010.

Source: aiubof.com

Parameswaran said...

Pay Scales finalised from Rs.14500 to Rs.52000. Two Stagnation increments agreed for Scale I, II and III. Settlement will take place tentatively on 12th April 2010.

Sanjay Bhatt said...

This news also first come on AIUBOF website.

What is meaning of tentatively?

Shridhar said...

So at last meeting with IBA is fixed on 31st.Flash news pay scales finalised Rs.14500 to 52000 then what about Rs.54000/-and what about pension issue date of effect and 30%gap how much time the retirees should wait.Why tentative on 12th April why not on 31st itself as already 120 days are over instead of 90 days agreed by both.

shilpi said...

charming 10000/4410*[6200+1000]=14500

adhitya said...

Are these Union leaders are Great fools by birth or they are making us the fools...
While IBA at its own is offering 15000 to 54000! than why these Bloody Fools are demanding 14500 to 52000.
I can afford to waste my hard earned salary for the luxuries of these fools..
I am withdrawing my memberships of these fools UNIONS!!!!!!!!!!!!!!!

MADAPPA said...

MR. ADITYA,

THE LOGIC IS VERY SIMPLE. THE LOSS OF MEMBERS WILL BE THE GAIN FOR THE LEADERS. IF IT IS CUT HERE, IT WILL BE PUT THERE. IT IS ONLY GLARING, BUT WE HAVE TO SEE THE DETAILED AGREEMENT, THEY MIGHT HAVE EFFECTED SUCH CUTS IN MANY AREAS TO FILL THEIR GAP. AFTER ALL,THE LEADERS WILL NOT GET SUCH BIG BONANZA IN NEXT FIVE YEARS. WHO KNOWS, AT WHAT TIME THEY HAVE TO VACATE THEIR CHAIRS. BEFORE DEMITING THEIR OFFICE, THEY HAVE TO SETTLE IN THEIR LIFE AT THE COST OF THE MEMBERS. GOD BLESS OUR GREAT CHAMCHA LEADERS.

B V JOSHI said...

It is not proper to believe the news of "finalising pay scales". No other Union/Association sites are flashing this news. The UFBU has taken 120+ days to "arrive/accept pay scales" formulated by IBA. What stopped them from sticking to demand of more benefits to scale I, II, III who are in the front-line of business and who bear the harsh abusive language of IV and above scale in case the set targets are not reached. I II III need better incentives. They could have taken another 120X1/2/3 days to "try" acting efforts to get more benefits.

There is nothing to cheer about the flash news- we can be certain only when the "PEANUTS" fall in our "more than sufficient" pant pockets. With what guarantee we can believe 12th April date?

rishikesh said...

ONCE AGAIN ENTRY AND JR LEVEL OFFICERS ARE BEING CORNERED FOR SELFISH ATTITUDE OF BANK LEADERS.

James said...

All friends,

I think I am here 2nd time.

don't hope from tomorrow meetings.unions needs some weeks.
see reply from v.h.venktachalm to me for e-mail.


from C H VENKATACHALAM
to james
date Tue, Mar 30, 2010 at 12:15 AM
subject Re: No Hope...
mailed-by gmail.com
signed-by gmail.com

hide details 12:15 AM (20 hours ago)

dear friend,

i am sorry you are wrong. draft seen by you is very old and not latest one. full settlement will incorporate all improvements.

wait for few weeks when final settlement will be signed and you will see for yourself and change your opinion.

best wishes.

AIBEA


--
C H VENKATACHALAM

unions need few weeks.

- james & friends

karan said...

what is the outcome of today's meeting??

PM said...

AIBOA version Reg. Meeting of Officers Union on 3oth March 10.


"Common approach on starting pay by Officers' Organsiations was insisted by us in yesterday's meting.



IBA's offer 15000 starting pay should be kept intact we have told in response to AIBOC proposal to reduce to 14500. As higher start will benefit all offices including Juniors and already accepted byIBA should not be changed.



Today we will meet IBA and inform further developments. "

Shridhar said...

What happened in to-days meeting with IBA as there was no breakfast,lunch because meeting starts at 1.30pm.So mostly only cocktail dinner in the night as leaders might have tired with discussions with IBA for fixing the next date of meeting for wage/pension issue.I dont think settlement will be finalised during this year.Let the leaders come out full details about to-days meeting.

SK said...

Guess the next date of meeting and win fabulous prizes...............................

from UFBU

PM said...

IBA – UFBU MEETING - 31.03.2010
Today meeting took place of UFBU followed by IBA in afternoon. In the UFBU meeting it was decided to pursue the issue of Pension with IBA and also to expedite wage revision. The convenor reported that on the equalization demand for PF and incremental cost, IBA/Govt. are not agreed. On date of effect of pension it was decided to further pursue.

In the meeting with IBA, IBA reiterated its earlier position and negatived our demand on incremental cost and PF equalization. Further they informed that in regard to the likely number of persons not opting, some cost adjustments can be made. However after talking to the Govt., the CEO reported that the Govt. is for going by actual numbers only.

In view of the negative attitude of the IBA, UFBU has informed IBA that they are withdrawing all Pension demands. With that meeting ended.

It was agreed to meet IBA on 3rd April 2010 to discuss the issues of wage revision further.
source:AIBOA

SK said...

Well done ABBA.................

bank wage revision said...

UFBU has informed IBA that they are withdrawing all Pension demands.


what does that mean

S Kumar said...

Dear All,

In my view "Real withdrawal of pension issue", could solve the problem as they ( The IBA) are not at all interested to extend the pension option to the Bank employees with a genuine and justifiable quantum. The pressure for the pension option within this wage negotiation incorporated only by the Top leaders, who are on the verge of retirement and/ or are going to retire very soon. But they forgot that if this nature of Pension option is accepted, the door for the better option of pension (i.e like Central Govt and others), would be CLOSED for ever.

In my openion, we have to finalize first the Wage and a good wage structure then STRONGLY and UNITEDLY fight for the BEST pension option.
S.K.G

Sanjay Bhatt said...

If UFBU has really withdraw all demands of pension with such good intense then very very good.Pension is our right and We can get it the best pension option after settlement.

* I am PF Optee.

Now UFBU has no cause to get pressure from IBA/GOI for wage.UFBU can settle more attractive pay structure.


But...But...

I have not a single % of trust on cheater leaders.They only play this game for be cool and fool the angry members.They have no matter to put like a progress in 9thBPS and pension then they arrange meeting for drama and play game for withdrawing all demands of pension.They want to show their angry members that leaders are brave and strong with fighting mood,If really then they have to prove with action.

www.bankunionaibea.in and www.aiboa.org both news are different.

My prediction for 3rd April meeting:
Today meeting is positive and further discussion will held in next meeting.

UFBU AND IBA has fixed agenda for signing of settlement.

Now days fighting mood of unions only of it SHOWMANSHIP nothing other.473

Sagar said...

DISCUSSIONS WITH IBA inconclusive . Next meeting with IBA on 3rd april 2010

MADAPPA said...

NOW, THE LEADERS HAVE WITHDRAWN THE PENSION DEMANDS,THERE IS NO SURPRISE IF THE WAGES REVISION DEMAD IS ALSO WITHDRAWN IN THE NEXT MEETING WITH IBA. WHAT A JOKE. SO FAR WE USED TO CALL THESE USELESS LEADERS AS FOOLS. NOW, I AM CONVENCED, THESE LEADERS ARE NOT FOOLS BUT REALLY IDIOTS.

UNLESS THE PRESENT TEAM OF UFBU IS CHANGED, THERE IS NO HOPE OF ANY SETTLEMENT.

Sagar said...

GREAT NEWS...........COMRADES!!!!!
HISTORIC MID NIGHT PROTEST WITH MANAGEMENT, EOD TERMINATED AT CDC, ADHOK AMOUNT BEING DISBURSED BEFORE SETTLEMENT,SCALE-I 1LAC, SCALE-II 2LAC, SCALE-III 3LAC, SCALE-IV 4LAC AND SO ON .......

SHANKAR said...

Referring Madappa-April 1, 2010 1:54 AM
The news item is distorted.See the corrected one.Pension demand is not withdrawn.

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