All issues like quantum of wage increase, option to join pension scheme by employees in PF, extending the option to retirees, Compassionate Appointment / Financial Compensation Scheme, etc were discussed in the meeting. IBA took up their issues like outsourcing, streamlining the special pay posts, etc. Issues like accounting the cost of pension, introducing new pension scheme etc was also taken up by them. Discussions were held to take the issues forward with amicable solutions. While some progress has been made to sort out the various issues during today’s talks, there are also some hurdles and difficulties which are needed to be overcome.
It was decided to discuss these issues further in next round of meeting and endeavor to resolve the issues at the earliest to reach broad understanding on the issues and to expedite the final settlement.
The date of next meeting with IBA is not yet fixed.
Update as on 07.10.09 {information received later}
Still no date has been declared for the next round of negotiations. However, some further details about the negotiations held on 24/09/2009 have come to our notice, which we would like to share with our readers:-
(a) IBA is not agreeable for further improvement over the offer of 17.5%. Rather IBA wanted to make a provision for performance related incentive (within the overall limit of 17.5%. It has come to notice that IBA was insisting that 1.75% of the load should be earmarked for introduction of variable pay concept in Banks. However, UFBU appears to have rejected the same.
(b) IBA confirmed that as regards pension option they are willing to go by the understanding reached on 9th June, but wanted introduction of the new pension scheme for the new recruits in the industry, including SBI. IBA informed that NPS date will be 1.4.2010 and is firm on this. Unions wanted change in IBA’s stand to make the date open for future discussion.
(c) On outsourcing IBA expected unrestricted power to outsource non core function by Banks. Unions refused to accept this in the format proposed by IBA, but agreed that they are open for discussion on the issue.
(d) In respect of compassionate appointment / ex-gratia payment, IBA said that they are awaiting clearance form the government. However, UFBU wanted immediate implementation of the scheme already agreed upon
(e) Allowance Carrying Posts: IBA proposed some changes looking to the present day needs of the industry. UFBU expressed openness to sort out the issue.
However, the talks remained inconclusive
60 comments :
I do not understand why they are going on delaying the settlement which is supposed to happen on 1.11.2007. They should come prepared for everything. I suggest that once this is settlement is signed, both unions as well as IBA can start for the next wage settlement which is due form 1.11.2012 so that on that date employees will get the benefit of settlement.
In this era of Liberalisation and Privatisation to get a decent settlement involving all the issues and taking together all class of employees and retiries we will have to fight with the Govt and the management.Donot expect everything to be settled with in short time. Patience gives good results.We should believe our leaders and union and should not pressurise them to sign on the dotted lines.
it is too much late to
settle this bipartite,before the election government assured to ufbu to settle a good wage revision matter after the election & now when government has come in majority they are showing thumb to ufbu & all bank employees,it is a big cheating
Ohh god we have just lost our patience by believing these Bastards whome we call our union leaders, who are nothing but some inefficient workers of our banking industry- who knew from begining that they have no chance of growth in this service so they joined politics to enjoy the great benefits.
their this enjoyment has made them blind, they have forgot the basic banker for whome they are there.
they are there just to enjoy power and punish some honest bankers who defy these dictators.
ones again they delayed the settlement..
THEY SHOULD LEARN SOMETHING FROM IIT PROFESSORS.
Hunger strike will help them to shed some of their extra fats which they have gained after drinking poor bankers' BLOOD.
Every time next round of talks, what it shows? lack of preparation on the issues or just politics? In past two years, they are not clear what they want. Actualy, this is just cheating of all honest bankers by a selfish group of leaders! Now the time has come to think whether present set of office bearers are really capable for the job, they were supposed to to do?
Dear comrades,
we should not be worried for further delay of even a decade to get these poor benefits at the cost of our ever beloved union leaders who are atleast able to understand the economic crisis of our country to save the money that may slip into the hands of poor working class unity and doing the job of representatives of the socalled IBA.
May God save the employees & retirees of Indian Banking Sector and we shall pray God to save all the existing and future bank retirees till they are given the opportunity of one more ...option for their livelyhood!
Very difficult to understand the complex of the situation that why there are so many rounds of talks between IBA and Unions for BPS.
STARTING SALARY EARLIER YEARS COM[ARISON
CLASS I OFFICERS BANK OFFICERS
1. Third Pay Commission Salary Revision 1979
Basic Pay Rs.700 Basic Pay Rs.700/-
2. Fourth Pay Commission Salary Revision 1987
Basic Pay Rs.2200/- Basic Pay Rs.2100/-
3. Fifth Pay Commission Salary Revision 1997
Basic Pay Rs.8000/- Basic Pay Rs.7100/-
50% of D.A merged in 2004 1.11.2002 Salary Revision
Basic Pay Rs.12500/- Basic Pay Rs 10,000/-
4. Sixth Pay Commission 1.1.2006
Basic Pay Rs. 15600/- Salary Revision due
Grade Pay Rs. 5400/- From 1.11.2007. If 17.5%
---------- SALARY Rs. 14,000/-
Basic Pay Rs. 21000/- (Diff. Rs. 7000)
THERE WILL BE HRA DIFFERENCE OF 15% SO DIFFERENCE OF 10000 IN THE STARTING SALARY EVEN AFTER THE PROPOSED REVISION TO BE ADDRESSED
GOD ALMIGHTY HAS TO GO INTO THE MINDS OF IBA TEAM /FINANCE MINISTER/ BABUS IN THE MINISTRY TO TAKE CARE OF THE BANK EMPLOYEES ALSO AND GRANT PARITY IN WAGES TO THEIR COUNTERPARTS ALONG WITH FULL PENSION TO ALL INCLUDING THE RETIREES . LET GOVT ADVISE IBA TO STOP THIS CALCULATING MEASURES AND GIVE A NOTIFICATION BY IMPLEMENTING THE SALIENT FEATURES OF VI TH PAY COMMISSION SCALES BASED ON THE THEN PILLAI COMMITTEE RECOMMENDATIONSVS GOVT OFFICERS BASED ON THE TABLE SHOWN ABOVRE.EXTEND THE SETTLEMENT PERIOD ALSO TO 8 YEARS .
CLERICAL CADRE PAY SCALES MAY BE WORKED OUT AFTER FIXING THE OFFICERS PAY PARITY. MORE THAN 40% INCREASE WILL COME. LET THEM ALSO SCRUTINISE WHETHER THE CAPACITY TO PAY EXISTS OR NOT. IBA SHOULD BE KEPT OUT OF THE PICTURE AS THE PERSONS SITTING THERE ARE INTERESTED IN EARNING GOOD NAME BY HARD AND TOUGH BARGAINING . A RETIRED EMINENT BANKER WHO SERVED EITHER AS CHAIR MAN OR RBI GOVERNOR MAY BE ENTRUSTED WITH THE TASK OF SETTLING THE VEXED ISSUE WITH IN A SHORT PERIOD. IF NOTHING MATERILISES A MARCH TO THE PARLIAMENT ALONG WITH INFLUENTIAL RULING AND OPPOSITION MPS . FULL FACTS AND FIGURES INCLUDING COMPARISON OF THE PAY SCALES SHOUILD BE PUBLISHED IN ALL THE MAJOR ENGLISH DAILIES/REGIONAL DAILIES AS A FULL PAGE ADVERTISEMENT TO DRAW THE ATTENTION OF THE GENERAL PUBLIC WHO ARE UNDER THE ILLUSION THATBANK EMPLOYEES ARE DRAWING THE HIGHEST SALARY IN THE COUNTRY. ----------
K Balasubramanian Chennai
Public sector banks’ advance tax outgo points to robust profits
K. R. Srivats
New Delhi, Sept. 24 Public sector and state-owned banks foresee robust net profit growth in 2009-10 going by the healthy rise in their advance tax payouts for the period up to the September 15 instalment.
These banks have clearly resisted the economic slowdown on the back of expanding credit and treasury gains. Public sector banks have been more or less untouched by the global financial crisis.
On the other hand, the advance tax payouts of the large private and foreign banks show a mixed picture with only few recording a sizeable increase in percentage terms.
An analysis of the banks forming part of the top 50 advance taxpayers for the September 15 instalment showed that State Bank of Hyderabad (SBH), Bank of India (BoI) and Canara Bank were the top three banks in terms of percentage growth on a year-on-year basis.
While SBH paid Rs 240 crore up to September 15, representing a 166.67 per cent rise over Rs 90 crore in the same period of last year, BoI’s payout went up by 135.85 per cent to Rs 500 crore (Rs 212 crore), according to data available with the revenue department. Canara Bank paid advance tax of Rs 405 crore, reflecting a 131.43 per cent increase over Rs 175 crore in the corresponding period of last year.
EVERY READER SHOULD FORWARD COPY OF THE BUSINESSLINE 25TH SEPT ARTICLE TO FINANCEMINISTER AND SEEK THEIR IMMEDIATE INTERVENTION IN THE MATTER
If the Govt.of India recently can ask the banks to shoulder the finacial loss of write down of agricultural loans ,why employees bank are denied of a parity pension option existing now in banks.So one thing is clear that this is not beacuase of the paying capacity problem,but the unwillingness to share the fruits of the hard work put by each bank employees to make the banks profitable.
A retired Senior Manager
our leaders are...........?
Again talkls fails... fails...
It happens only in banking...
BLMeena
Allahabad Bank
Bharatpur
I hope that by Diwali, we, the Banking fraternity, are going to hear good news from our union leaders that our wage is going to be increased substantially by at least 17.50%, or otherwise, our confidence levels upon our "unionism" will be reduced, if this situation will continues like this further. Let we hope that our beloved union leaders will fulfil our aspirations and anguish and the needs of the hour in this present scenario of rising rates and inflation and economic disaster. Hope for the best comrades!- LAKSHMINARYANA
UFBU MEANS.... "Union of Faithless
and Babbler Leaders"
- D K GUPTA
BANK OF BARODA
Sir,
The settlement is overdue and bank employees and officers are getting far less then their counterparts in Union Govt/State Govt. This is shamful on Finance Ministry that on the one hand they are paying less to them and on the other expecting more and more for implementing Govt. Directives, UFBE must call for indefinet strike to resolve the issue, if talks remain inclusive by Diwali this year.
AIBOC leader has written a meaningful article in the Business Line on 22.09.2009.
let us understand that It's UFBU which entered the settlement for the last thirty years and widening the gap.
What these "so called" Union leaders were doing for such a long time.
If the Union leaders are really honest , let them declare their assets.
All PSU bank should pay arrear amount Since Nov 2007 ( atleat @ of 17.5 Which IBA has already agreed for) before this Diwali, and let the useless and selfish Unions discuss pension and their other issue with IBA for Years together.
Why all of you are blaming thse UFBU leaders for non conclusion of talks. You should understand their problem also. Some them are already retired and others are going to retire before next revision. So they are interested in Pension and only Pension.
It is the IBA which has linked pension with wage revision, otherwise these selfish leaders are ready to sancrifice from existing pay for the sake of their pensions.
Don't expect any wage increase till the UFBU remain united. They have no concern for common banker. They are united for their personal benifits i.e pension and other issues except wage revision.
Do ask for declaration of assets by union leaders. It is not possible as they have made huge money from union activities.
TO ALL UNION /ASSOCIATION LEADERS
I already shared my ideas to all of you. I want to put forth my following points regarding wage revision for your deep thinking and consideration.
In the early 70s and beginning of 80s country had a strong leadership. They really cared about country s financial strength and practical outlook. The economy was not robust. Money supply was limited. They had a strong appeal with weaker sections and hence they have not paid any attention to enhance the salaries of Govt employees for winning the election. At that time only bank unions were running the show. Entire working class eagerly waited for the bipartite settlement outcome to fix their salaries. Bank salary has become the benchmark. The concept of Bhoothalingam committee recommendation o Rs1.30ps per point increase in consumer price index even though implemented in certain public sector undertakings can not enter the doorsteps of the banking industry. Such was the power of militancy with bank unions/associations .So unions achieved success in the bipartite settlements, which was superior to second and third pay commission.
The starting pay of the clerk during 1977 is equal to the starting salary of a college tutor.
Things started moving in different direction once LateRajiv Gandhi took over the country s leadership. He introduced the concept of Five-day week and also stressed the importance of enhancing the status of govt servants. The leadership started looking the bureaucracy and the latter took advantage. The message was clear. Govt was willing to appease the employees. Hence everyone in the govt has started to say YES as per the thinking of TOP LEADER SHIP. The result was the outcome of IV TH PAY COMMISSION in 1989 wef 1 st January 1986.Fortunately the timing of the recommendations and acceptance were synchronized with election year. Hence taking the favorable recommendations and rejecting the unfavorable recommendations government accepted it. Hence government employees have started to rise in the ladder of wages.
Bank unions failed to take note of the visible change in the outlook at that time and as usual the negotiations were conducted and the routine 10 to 12% increase was suggested by IBA and we also accepted.
After the announcement of FIFTH pay commission in 1998 wef 01jan 1996 envisaging a 30% increase, the gap widened further. We once again settled for 15% increase .IBA cleverly fixed the quantum of increase in absolute terms and forced the unions to allocate the total amount for increase in basic, hra medical aid etc. Our calculation went totally wrong for the second time. The gap was allowed to widen further. We failed to bring to the notice of the govt the recommendations of the Pillai committee and forcible acceptance of the same by all banks. We should have corrected the thing at that time.
To add fuel to the fire the announcement of SIXTH PAY RECOMMENDATION with 30 to 40% increase and introduction of a new allowance called GRADE pay and with the much more liberal HRA formula of 30% maximum of 12000 in metros even though made the central and all state government employees much more happier, it made the bank men so poorer in status and they are eagerly seeking the directions of the leadership to set the things right. How we are going to achieve this. How the parity is going to be achieved. The entire thinking and outlook should change for the betterment of the bank employees.
Who is giving directions to IBA and why IBA is stubbornly says beyond 17.5% increase may not be considered. On what basis they arrived the figure. Is it based on productivity, or profitability or per capita business per employee, what is the parameter for fixing this percentage. Whether IBA aware of the PILLAI COMMITTEE recommendation, or equal work equal pay or not.
(to be concluded )
CONCLUDING PART
Advance tax figures for several banks indicate robust income for the two quarters of the current fiscal.
If allowing huge salary increase to nearly 80 lakhs of central govt employees running into thousands of crores as wage increase by increasing the fiscal deficit to alarmingly high proportion with respect to gdp numbers what prevents them to give parity in wages to only 10 laks bank employees including sbi where all are in a position to absorb the salaries with in their own balance sheet. Some thing is wrong at some point. Either our approach is wrong or the right persons who have to decide were not briefed properly. There is no point in talking to IBA team, as they are not having powers to decide on their own. At least they can highlight the positive features to the government and became proactive in clinching the settlement.
Time is still there. Before going for next round of talks, unions can meet FM in person and also PM who is a finance man and ex RBI governor. He is the most right person to understand the need for paying parity of wages if not higher than the govt employees. Appraising him is easy. Leadership also should meet other politically influential MPS both in ruling and opposition parties.
Pension is another vexed issue that the leadership has to pay attention. When the pension option was introduced in 1995 on the lines of central govt pensions, why pension updation and 100% neutralization was not sanctioned to already retired persons. When the type of pension is the same similar to the govt pension cost should not come in the way as the balance sheet and reserves and surplus should speak themselves. These things have to be addressed and matter to set right. RBI is allowing updation and the ministries order was dismissed in the BOMBAY high court. The issue of 5 years of additional service in VRS 2001 scheme is an example of anti labour stand of IBA. Without Supreme Court judgement things would have become different. I am one of the beneficiaries of the VRS 2001 scheme.
The difference in salary can be arrived and it may be divided into two half’s one from 01nov 2007 and another from 01nov2011 to 31.12.2015.There is nearly 60 to70 % variation that may come in the salaries of central govt officers and bank officers. 30% increase apart from pension cost can be clinched this time. With an agreement to provide total parity wef 01 Nov 2011 for a period of 4 years. From 01 01 2016 please ask the government to appoint a separate pay commission for bank employees or include them also for their seventh pay commission. IBA s role can be limited for non financial commitments if necessary or it may be left to individual bank managements depending upon the situation prevailing at that time.
I am very much pained to see the comments of various bank employees critising /abusing the leadership .It indicates the undercurrent tension mounting and restlessness prevailing with the bank employees who became the most frustrated for non happening of the settlement with another pension option
Please visit
Paycommissionupdate.blogspot.com and see the various comments posted by the bank employees under our appropriate headlines. Even the IIT faculty has come to the street in the form of hunger strike. You seethe starting salary of the college lecturers who were on par with scale I OFFICERS DURING 1979.
At the same time any demand from govt side like outsourcing, new pension to new recruits (already implemented to central govt employees). Consolidation to make banks into bigger sizes can be considered to certain extent to start with if the arguments were really good for the country and the industry.
If I have suggested anything wrong I may be excused and the comments may be ignored
Comradely yours
K balasubramanian retired senior manager under vrs 2001 indian bank
Karunakar opined.....
Let this farse of bipartite settlement be abolished,it had already served its purpose.let pay commission to decide the wage revision of bankers rationally considering the volume of work load and responsibilities undertaken by them.This politicaldrama should be given its obituary.
Karunakar
OBC
PNB BANKERS GOT SMS THAT IN LAST MEET IBA OFFERED 17.5% THAT TOO 90:10 PAY /PERFORMANCE BASED
REALLY INDIAN BANKING SYSTEM KA BHAGWAN HI MALIK HAI
pnb bankers got sms that in last meet iba offered 17.5% 90:10 90 for pay 10 for performance
bank main log 8 baje tak kyon baithte hain
is depawali per meeti ki meethaee bachon ke liye ghar le aaeeye
Friends lets do one thing just copy this page and email this comment page to UFBU Monkeys at..
aiboa@vsnl.net
They say give a bone to DOG and they stop barking and get busy with the bone.
That is the condition of our leaders. They are too busy with their chair(bone). Take that bone (chair)away from them and they will learn to bark again and not wag their tail in front of IBA.
mypowerbiz
http://10584.powerbarclub.com
The salary revision for the bank officers must bring pay parity with the salaries of the Central Govt.Group A officers. Now, if the IBA is not able to sort out the issues , then a pay commission be constitueted for the purpose.There is no need of hurrying up for a peanut wage hike.Moreover, the Pension benefits are social security measures and can not be linked to decide the quantum of salary increase. In fact all the pension funds of PSBs should be deposited in the consolidated fund of India and the Central Govt. should pay the pension to the bankers , just like they pay to their employees.
talks with IBA Unless it is restricted for certain number of rounds , te talks will be postponed to any number of 'next rounds'.BECOZ FOR EVERY ROUND THE NEGOTIATORS ARE PAID SUITABLY IN AND OUTAND OFFICIALLY AND OTHERWISE.
tHAT'S THE SECRET.
GOD ONLY HAS TO SAVE THOSE SOULS
RECENT IMF LOAN OF 2 BILLION DOLLAR TO STRENGTHEN THE CAPITAL ADEQUACY NORMS AND TO SHORE UP THE CAPITAL OF PUBLIC SECTOR BANKS ALSO MAY PLAY AN INDIRECT ROLE IN THE NON INTERFERENCE ATTITUDE OF OUR RESPECTABLE PM AND FM. THERE MAY BE ONE OF THE UNWRITTEN CONDITIONALITY AND TO KEEP DELIBERATELY THE OPERATING EXPENSES AT A LOWER LEVEL AND TO SHOW MOPRE PROFITABILITY THREBY COVERUP THE HUDREDS OF CRORES OF WRITE OFF THAT BANKS ARE MAKING EVERY YEAR.
PILOT STRIKE ALSO DOES NOT YIELD RESULT AND THEY ARE SEEKING A THIRD PARTY NEUTRAL PERSON INTERVENTION TO SETTLE THE ISSUE.
THE THINK TANK OF OUR UNION LEADERS SHOULD SEEK DIRECT INTERVENTION OF OUR PM /FM COMBINE AND A THIRD PARTY REPRESENTATIVE ( NO CLC) AND TO HEAR THE ARGUMENTS OF BOTH IBA AND UBFU IN TWO OR THREE SITTINGS WITHIN A DEFINITE TIME FRAME OF ONE MONTH. UNLESS PM/FM INTERVENES AND WILLING TO DO JUSTICE TO THE SERVING BANK EMPLOYEES AND RETIRED PENSIONERS/EMPLOYEES BOTH SERVING AND RETIRED WHO ARE EAGERLY WAITING FOR ANOTHER PENSION OPTION NOTHING COULD BE ACHIEVED. LET US SEE WHETHER SATURN S MOVING FROM SIMHA TO VIRGO IS DOING ANY THING GOOD TO BANKMEN WHO ARE NOW PUSHED TO THE LAST RANK IN RESPECT OF WAGES -ALL CADRES RIGHT FROM THE SUBSTAFF TO GM LEVEL : ED AND MD ARE COVERED BY PAY COMMISSION.SO THEY ARE NOT INCLUDED FOR COMPARISON
It is useless to hope somegood news regarding bank's wage revision from tired & retired so called leaders who are elected not by general members but from a selected bunch of another tired & retired leaders.They are intrested only using emergency fund in the name of meetings &talks & trying to get stronomical benifit for self use from the GOVT & needless to say about heavy leavy from staff for a historical salary package for a bank clerk (less than a state govt sweeper). "SWEEPER GETS ABOVE RS 10000/-& A BANK CLERK WILL GET LESS THAN RS 10000/-."
It is useless to hope somegood news regarding bank's wage revision from tired & retired so called leaders who are elected not by general members but from a selected bunch of another tired & retired leaders.They are intrested only using emergency fund in the name of meetings &talks & trying to get stronomical benifit for self use from the GOVT & needless to say about heavy leavy from staff for a historical salary package for a bank clerk (less than a state govt sweeper). "SWEEPER GETS ABOVE RS 10000/-& A BANK CLERK WILL GET LESS THAN RS 10000/-."
Mr Prem, you are absolutely right. Our leaders are not only tired and most of them are retired, they are CHEATERS. They are blackmailing us in the name of wage revision but actually they are not interest in wage revison as all of them will be out of Banks before next revision. Therefore, the are interested in other issues like pension, outsourcing, compansate appointment etc. etc. beacause some of them may not having faith on their own life because of too much drinking from union funds.
Need of the hour is to get decent wage revision synchronizing with sixth pay commission recommendation in total with a settlement period up to 31.12.2015 ie for a period of eight years.straight away. bank officers and employees may get more than 60% jump in their salaries. Payment of arrears can be amortized if they want healthy balance sheet just like vrs 2001 scheme Pension to past retirees , one more pension option plus up dation of pension
As per central govt pension rules inclduding increased commutation , increased rate of pension in respect of senior pensioners .
FOR PAYING ALL THE ABOVE MONEY IS AVAILABLE WITHIN THE BANK BALANCE SHEET. WHEN ALL THE ABOVE BENEFITS WERE PROVIDED JUST TEN MONTHS BACK AT THE COST OF HUGE DEBT BURDEN RUNNING INTO THOUSANDS OF CRORES WHY THEY ARE DENYING THE SAMETO BANK EMPLOYEES WHO ENJOYED GOOD STATUS TILL 1996.
WHEN AIR INDIA PILOTS ARE BRINGING THE MATTER TO STREET/ WHEN KARNTAKA DOCTORS DECIDES TO RESIGN ENMASSE FOR PARITY WITH SIXTH PAY COMMISSION RECOMMENDATION WHY BANK UNION LEADER SHIP IS HESITATING TO CALL SERIOUS AGITATIONAL PROGRAMMES TO BRING THE ATTENTION OF THE GOVT/PM/FM. THEY MAY COME INTO THE PICTURE ONLY IF FURTHER INTENSIVE AGITATION IS CALLED FOR. TILL THEN THEY MAY BE IN SIDELINES.
MEMBERS ARE BECOMING RESTLESS AND THEY ARE IN ANXIETY. LEADERSHIP SHOULD SEE THE PAY COMMISSION UPDATE SITE ON A DAILY BASIS TO SEE THE PULSE. ACHIEVING 17.5% OR EVEN 20%WAGE HIKE IS NOT AT ALL GOING TO HELP.THE DIFFERENCE CAN NEVER BE RECTIFIED IN FUTURE.
let us have one common demad.
Before the wage revision, Since they are representing us, The UFBU leaders should declare the assets standing in their names and their dependantst' names to us.
If they refuse to do so, they should NOT be allowed to sign any wage settlement.
Excellent Idea which can change the life of common banker. But it is not possible becuase these brokers (UFBU) are neither reading nor listening to the feelings of the members.
Mr Balan has rightly pointed out that we can afford delay in wage settlement but if the wage parity is lost, we will become 2nd grade employees within the country.
The deaf, dumb, useless and cheater leaders are busy in waiting the date yet to be decided by the mighty IBA for further talks. They can't think about serious agitation like indefinite strike just for the sake of WAGE PARITY. There should be no issue of percentage gain or loss whether it is 17.50%, 1.75% or 175%.
It is our fundamental right to get equal pay for equal work. The main problem is that our leaders have never worked on their seat so they are not aware of the plight of a common banker.
These fools (UFBU leaders) are fully resonsible for present situation. They took more than one month to meet and decide further course of action after failure of talks in on 22nd Feb 2009 i.e. before general election. Don't expect anything good from them.
Why can't these shameless leaders resign from Union Leadership and let our fate decided by autocrates sitting in MOF, if these leaders are not capable for negotiation.
GIST OF DISCUSSIONS WITH IBA ON 24.09.2009
IBA stated that meetings often have not yielded results. They stated their final position on issues are as under:
Ø Wage revision at 17.5% of March 2007 cost is non-negotiable.
Ø On Pension IBA wanted funding cost through actuarial valuation once in 5 years. IBA was not clear about already existing mode of incremental cost being paid by optees in addition to funding cost.
Ø We pointed out if deficit funding is passed on the optees, there is no use as option for pension will became least attractive and more costly.
Ø IBA finally agreed to clarify the matter with the Govt.
Ø IBA informed that NPS date will be 1.4.2010 and is firm on this. Unions want change in IBA’s stand to make the date open for future discussion.
Ø IBA stated that 1.75% of the load should be earmarked for introduction of variable pay concept in Banks. Unions opposed this. Finally IBA said that they would prepare a Road map for this.
Ø On outsourcing IBA expected unrestricted power to outsource non core function by Banks. Unions refused to accept this. SOURCE AIBOA WEBSITE
FROM THE ABOVE MESSAGE IT IS EVIDENT THAT IBA HAS THROWN A CHALLENGE TO THE UNION LEADERS. UBFU CAN PASS A ONE LINE RESOLUTION AND SEND IT TO IBA /GOVT
PARITY IN TOTAL ON THE LINES OF VI TH PAY COMMISSION RECOMMENDATIONS INCLUDING THE NEWLY INTRODUCED GRADE PAY WHERE THE ACTUAL DIFFERENCE LIES
PENSION TO ALL AS PER THE CENTRAL GOVT PENSION REGULATIONS
INRESPECT OF UPDATION, INCREASED COMMUTATION, INCREASED PENSION AS THE AGE GOES UP
SERVING A STRIKE NOTICE FOR INDEFINITE STRIKE BY CLEARLY MANTIONING THAT IF THE STRIKE MATERIALISES GOVERNMENT/IBA ALONE IS RESPONSIBLE AND ANSWERABLE TO THE GENERAL PUBLIC. ,MEAN WHILE PUBLIC AWARENESS CAMPAIGN HAS TO BE TAKEN BY UBFU BY INDICATING THE SALARY LEVELS PREVAILED IN THE COUNTRY SINCE 1977 .FOR VARIOUS SECTORS OF EMPLOYEES AND HOW BANK SALARIES WERE SIDELINED SINCE 1996THIS WILL HELP AS THE PUBLIC STILL FEELS THAT THE BANK EMPLOYEES ARE HIGHLY PAID SECTOR IN THE COUNTRY.
UNIONS SHOULD ALSO ACCEPT REASONABLE OUTSOURCING AND CONSOLIDATION WHICH WILL REDUCE THE COST AND IMPROVE THE ECONOMY OF SCALE. FOUR OR FIVE BIG BANKS LIKE SBI WILL HANDLE THINGS IN A BETTER WAY THEN 20 NATIONALISED BANKS. HUNDEREDS OF CRORES IN ESTABLISHMENT EXPENSES CAN BE SAVED WHICH MAY BE USED TO PAY INCREASED WAGES/PENSION TO THE EMPLOYEES. THE MOF SPOKESPERSON INDICATED IN TODAYS NEWS THAT THE CONSOLIDATION WORK WILL BE TAKEN SOON. PROBABLY THIS FACTOR ALSO MAY BE ONE OF THE REASON FOR IBA TO PROVOKE THE UBFU FOR NOT GRANTING PARITY WITH THE PAY COMMISSION. IF THE UBFU SENDS POSITIVE SIGNAL ON CONSOLIDATION THEN THE ENTIRE THING MAY CHANGE SWIFTLY IN FAVOUR OF THE BANK EMPLOYEES. SINCE CENTRAL GOVT HAS ALREADY INTRODUCED THE COPNCEPT OF NEW PENSION TO THEIR EMPLOYEES THEY WILL BE STRICT WITH THIS CLAUSE. NO ROOM FOR NEGOTIATION INTHIS AREA
KBALASUBRAMANIAN RETIRED UNDER VRS 2001 SCHEME SENIOR MANAGER INDIAN BANK
Excellent Idea again.
However, our greedy union leaders will not incur single
rupee on public awareness campaign beacuse all the funds cheated from members is meant for providing luxurious life and gifts to union leaders as done by some of the unions recently.
These duffer UFBU Leaders have no concern about wage parity . They just want pension at any cost because some of them are already retired and others are going to retire before next bi-partite.
There is no option but to stop this negotiation drama and let a pay commission decide our salary structure. This will much better option than witing miracles from cheater leaders.
As I have said earlier, we should be allowed to go for begging for a decent earning during lunch break because it will not be possible for us to support our families with a too small wage revision.
i dont understand a thing about IBA leaders..let the pay revision b upto 17.5% or 30%..unke baap ka paisa he kya jo dene se mana kar rahe hain?
govt has been paying to state n central govt employess.this time too it will b done..wht i dont understand is the IBA union leaders r just bout to retire or some r retired,but r making a huge fuss in paying deserved salaries to employees.even they r bankers and should atleast understand the employees.now a days clerks feel shame to say that they r clerks in banks..coz uneducated sweepers draw more salary n have peace in their so called work.. GOD SAVE BANKERS
please read an interesting artile on
"SALARY STRUCTURE OF BANK EMPLOYEES VS GOVERNMENT EMPLOYEES"
at
http://www.allbankingsolutions.com/Salary-bank-employees-vs-government-employees.htm
POOR STATUS OF BANK EMPLOYEES LIKELY SCENARIO
ALL STATE GOVERNMENTS ONE BY ONE ARE FALLING IN LINE IN IMPLEMENTING THE SIXTH PAY COMMISSION RECOMMENDATIONS IN TOTAL TO ALL SECTORS OF EMPLOYEES. VERY GOOD.IT SHOWS THE CONCERN OF THE RESPECTIVE GOVERNMENTS ON ITS EMPLOYEES. CENTRAL GOVT IS SUPPOSED TO BE THE BOSS OF NATIONALISED BANKS INCLUDING SBI . WHY THIS IBA IS ACTING WITH A NEGATIVE ATTITUDE. NO GOVT HAS IMPLEMENTED THE PAYSCALES WITH A SURPLUS BUDGET AND SURPLUS FUNDS AVAILABILITY FROM THE CONSOLIDATED FUND OF INDIA. EVRRYBODY IS AVAILING OR BORROWING HUGE CREDIT TO MEET OUT THE SALARIES. WHEN THE GOVERNMENTS ARE SO GENEROUS WHY BANKMEN ALONE BEING SINGLED OUT FOR A STEP MOTHERLY TREATMENT. EVEN THOUGH FUNDS ARE AVAILABLE WITH IN THE BANKING SYSTEM. WHO IS GOING TO ANSWER . WHO IS GOING TO RECTIFY THE MISTAKES THAT IBA/UBFU ARE COMMITTING OR GOING TO COMMIT IN THE NAME OF WAGE HIKE .THE STATUS OF OUR EXECUTIVES WILL BE VERY PATHETIC AFTER THE WAGE EROSION.INITIATIVE WILL SLOWLY DETERIORATE AND THE INDUSTRY WILL DEFINITELY BECOME SICK AS TALENTS CAN NOT BE ATTRACTED WITH THIS POOR SCALE OF PAY. IF THE GOVT REALISES THE MISTAKE THAT THEY ARE DELIBERATELY COMMITTING NOW AT A LATER DATE AT THAT TIME EVEN RECTIFICATION WILL BE DIFFICULT AS THE PERSONS ALREADY ENTERED IN TO THE SYSTEM CAN NOT BE ASKED TO LEAVE. ALL ON A SUDDEN.WISER COUNCIL SHOULD PREVAIL ON ALL THE PERSONS CONCERNED AND LET THEM CONSIDER BANK EMPLOYEES ALSO ON PAR WITH CENTRAL GOVT EMPLOYEES AND IMPLEMENT THE PAY SCALES STRAIGHT AWAY BY NOTIFICATION INCLUDING THE PENSION BENEFITS TO ALL INCLUDING THE RETIRED PERSONS AS PER THE PENSION REGULATION OF THE GOVERNMENT .
ALL WE ARE WRITING MAY BE USEFUL ONLY IF THE PERSONS CONCERNED VISIT THIS BLOG AND GO THRO THE COMMENTS OTHERWISE IT IS NOT GOING TO HELP.
KBALASUBRAMANIAN EX BANKER
Johnny Johnny
Yes Papa
Banking Sector
Yes Papa
Any motivation ??
No papa
Many tension ?
Yes papa
Work pressure ?
Yes papa
Wage revision..
Ha! Ha! Ha!
I cannot understand how these Union leaders are negotiating with IBA. Any settlement which is not more than 20% is not worth while because these leaders made us go on strike for two days and are now settling for 17.5%. Then why was the need to go on strike.
There is a lack of interest by UFBU to settle the issues. There is lot of infighting and groups that has led to poor negotiating ability of UFBU. IN AP a clerk in Government of AP is better paid than the bank clerk and officers are less paid than the senior clerk. Up dation of pension is required in view of increased cost of living and longevity of life of employees
IBA is of the opinion that on giving Pension one more option old retires would deposit their bank contribution in SB a/c with 3.5% and apply for commutation at once and will get more than what they have remitted in SB and would also get good Pension benefits. Hence the money would be drained. In order to convince the Govt, UFBU is taking all good efforts to convince Govt with IBA and after this the settlement would get finalised Stage 17.5% hike. Further stages after protracted negotiations. Hope something would happen on 8th Oct, the day of Planet Saturn.
We should accept wage revision simultaneously with fixed working hours for officers...
MR BALAN,I AM A STUDENT OF ENGLISH M.A.I AM TOO MUCH INTERESTED ABOUT BANKING SERVICE.SO I AM TAKING PERPARATION FOR BANKING EXAM.BUT SIR,I WOULD LIKE TO TELL U SOME QUESTIONS.SIR, BANK IS A GOVT. UNDERTAKING SECTOR.MANY OF THE FULLY GOVT SECTOR HAVE CHANGE INTO GOVTS UNDERTAKING SECTOR BY DISINVESFMEBT LIKE W.B.S.E.B, ETC.BUT WHEN GOVT HAS GIVE THEM A 30-40% PAYS HIKE,THEY HAVE GOT THE SAME.WITHOUT ANY STRIKE,ANY DISCUSSION.BUT BANKS ARE TILL IN DISCUSSION.WHY SO HAPPENS?GOVT WOULD NOT LIKE TO GIVE THEM PAY COMMISSION,BUT WHEN THEY WILL CONVERT BANKS INTO PRIVATIZATION,THEN THEY ARE ALL IN ALL.IS THIS NOT A STRANGE MATTER?WHY THIS HAPPENS??WHY UFBU IS NOT GOING FOR INDEFINITE STRIKE?ONLY DISCUSSION AND DISCUSSION.IS THE BANKING SECTOR IS A SECURED PLACE FOR SERVICE?GOVT CONSIDERS THAT THE THEIR EMPLOYEES ARE NEEDED A ANOTHER 5% HIKE FOR PRESENT HIGH MARKET PRICE.THEY ARE ALREADY GETTING THAT.DONT THEY THINK THAT THE BANK EMPLOYEES ARE IN SAME CONDITION ,THEY ALSO NEED A REVISED SALARY??SIR I SHALL BE HIGHLY OBLIGED IF GIVE ME REPLY.THANK U.
I dont think that any bank leader will be eable to answer your genuine queries because our leaders have many domestic problems to solve during these endless discussions.For ex 1.union funds are senselessly used during these discussions 2.they are having kids etc to be gainfully employed either by bank or by govt.3.they will have to travel by plane & stay in 5 star hotels during discussions.(one of banks top union leader was awarded as most AIR INDIA TRAVELLER nearly five to six years before ).4.they demand for contract for supplying stationary,maintenance of training centres & holiday homes,supply of generators & so many other things.These contracts are naturally given to a best ally not to an enemy.thats why it always took more than 2 years for any wage revision and lastly the more the number of months the more amount of arrears & coseuently the more leavy or loot from the poor & helpless staff.
I dont think that any bank leader will be able to answer your genuine queries because our leaders have many domestic problems to solve during these endless discussions.For ex 1.union funds are senselessly used during these discussions 2.they are having kids etc to be gainfully employed either by bank or by govt.3.they will have to travel by air & stay in 5 star hotels during discussions.(one of banks top union leader was awarded as most AIR INDIA TRAVELLER nearly five to six years before ).4.they demand for contract for supplying stationary,maintenance of training centres & holiday homes,supply of generators & so many other things.These contracts are naturally given to a best ally not to an enemy.thats why it always took more than 2 years for any wage revision and lastly the more the number of months the more amount of arrears & coseuently the more leavy or loot from the poor & helpless staff.
The bipartite talks can not be called as negotiation because of the following reason
1.our leaders do not stick to any of their demand for betterment of employees.The negotiation is for better parity with other sectors.If employee talks about parity with Central Government,lowest of the leader says we should not compare.The same is case when comparision is done with PSUs.1st prioirity should be to decide,which category Bank employees belong.
2.The partys to the negotiation should look at the postion in unbiased manner.In this case IBA is biased towards lowering the salaries and Union leaders are also doing the same but they pass the buck to IBA.Both of them are in same i.e.hampering the genuine salaries of the employees.
The negotiation should be for what better IBA can offer more than 6th Pay commission and not for the bloody peanuts i.e.17.50%.
This is not negotiation ,this is maximisation of TA bills of Union leaders from the pocket of members.
Members please wake up and oppose seeling of your rights by Union leaders.
The "negotiations" our so called Union leaders is doing is just a lot of bull****.
In the state of UP, the State Govt. has decided that ALL PSUs, even those running in loss would be given the benefit of the Sixth PC. This has been achieved by the union leaders of these PSUs through strikes and agitations.
Just goes to show what can be done if the so called "Union Leaders" really want to.
Even a mother does not give milk to a child if it does not cry! I understand we asked for 20% and got 17.5%. What stopped us from asking for 100% & parity with sixth PC?
I never come across such a secrecy of UFBU in any of the settlements so far entered into with IBA which leads to suspicion on the bonafides of negotiating team.
Let the UFBU breaks the silence and come clean about the entire episode.
sudhakarbabu
sir,
Since Feb, 2009 many valuable comments have been posted on this blog by various bank employees/officers, Now the question is where are our so called UFBE leaders. Why according to members opinions either they should resign or serve the indefinite strike call of Banking Industry to enable the Govt to consider the parity as per 6th Pay Commission to Bank employees/officers.
one line demand is parity with 6th Pay commission.
our leaders are required to be beaten up.
Bank's union leaders are only power broker to benefit the IBA & themselves not for the benefit for the membership.So the pet slaves(Bank's union leaders) of the GOVT & IBA will no do anything to their (GOVT)inconvinence so indefinite strike for parity wage revision with other organisationsis distant dream.
BANK’s WAGE REVISION Mathematics
1. Initially IBA has agreed for Rs 6000/ Crore as wage revision Burden due external relativity (6th Pay commission recommendation). Later on improved up to Rs 7800 Crores.
2. Employee Unions raised the demand for pension Option. Option was converted into Pension burden calculation and sharing of Pension burden. Silently and conveniently External Relativity was ignored and lost.
a) Initially for current employee Pension burden (Rs 6000/ crore )
b) later on even for employees retired after 1996 pension burden Rs 3000 Crores.
3. Mathematics of pension is as follows
Assumption Rs 250/ crores is 1%
Phase 1 (figures in Crore)
Total Wages offered by IBA = Rs 7800/- (Approx 31.2 %)
Total Burden of Pension = Rs 6000/-
Out of which
IBA agreed pension burden = Rs 4200/ (deducted from wage offer)
Wage revision offer shown to us = 3600 Crores (7800 – 4200= 3600) (actually 14.4 %)
Employee to bear Pension burden = Rs 1800/
Net (Actual ) Wage revision offer is only = Rs 1800/
(Rs3600 -1800= 1800) = 7.20 %
High Lights of wage revision Agreement :-
1. IBA was ready to pay 31.20 % rise Rs 7800/ Crore
2. Full pension burden is adjusted from wage hike in either way.(7800-6000)
3. Unions wants to help even retired (after 1996) employee from this wage revision.
4. Net Wage revision offered is meager Rs 1800/ Crore (Aprox 7.20%)
5. If pension is actually given as an option Employee would get 31.20 % rise in wage which when compared with external relativity (Central Govt employee was given 33 % to 40 % Rise.) may be in acceptable limit.
6. Pension burden is fully loaded on Bank’s employees.
7. Decision of Retired employee burden (RS 3000/ Crores ) sharing is not clear.
8. In desperate bid to obtain 2nd pension Option, Union have opened a new way to IBA for sharing the future wage revision burden by employees.
9. This is not the pension option, it is burden sharing by Current employees.
10. Unions are silently playing against current employee interest, Members needs to be alert of development, and read all UFBU circulars carefully. And Act if necessary.
11. 95% Members have participated in strike, in hope of better wages and strengthen the hand of UFBU leaders, But sword given in UFBU leaders are being used to cut members throat only.
12. Last option is left is to resign from Unions, which will automatically through away these useless leaders.
Why do the so called union leader start next negotiation now itself, they are bunch of Jokers.
DEAR RAGHUNATH,
To my knowlege the DA discrepancy may get crop up now in 1616/1684 Consumer priceindex area. The seventh bipartite settlement provided a merger of 1616 points DA level to the basic .but DA payment was calculated from 1684 pointlevel 17 slabs of DA that might have come as normal DA over and above the merger point was ignored .
Regarding conversion factor base year 1960=100 1982 4.93,1982=100 2001 4.63 both are correct hence multiplication factor for conversion is 4.93*4.63 ie conversion of 2001 index to 1960 index
Since I took VRS in 2001 I have not followed much. I became an active writer in this blog during the past six months only afterr seeing the irresponsive of the leaders.
kbalasubramanian
Post a Comment