Bank staff and officers are keenly awaiting for progress on wage revision front. All bankers are anxious and restive. However, there is no progress and it appears that deadlock is continuing.
It has been learnt that UFBU has talked to the IBA Chairman and asked for fixing up the date for the next round of talks as no discussions since 24-9-2009. However, IBA seems to have informed that there is no change in the stand of the IBA/Government on various issues viz new pension scheme, costing of pension cost, sharing of deficit in Pension Fund during the next wage revision, etc.
UFBU has been requesting IBA and Government to sort out these various expedite the settlement. UFBU has been requesting IBA Chairman for fixing a date for next round of talks. However, IBA feels that unless some issues are sorted out, there will be no purpose except repeating the respective standpoint.
However, it has come to our knowledge that next round of talks may be held in the first week of November, 2009, as all union representatives have been advised not to have any other engagements or meetings during that period. In case any date is proposed by IBA, then UFBU may be meeting to draw its strategies, before the Talks with IBA. In the meantime, BEFI has also advised its members are not to be swayed by any rumor.
However, we have yet to hear any concrete proposal from IBA or some union leaders. It appears that Bank employees can only wait and pray for an early and some respectable settlement.
Thus, we can say that as on date, the matter stands as it was on 24th September, ’09.
Tuesday, November 3, 2009
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16 comments :
UFBU is meeting at Chennai tommorrow and they have sought an appointment with iba already. Among unions if there is an agreement hopefully by the end of end week we can see the sight of an wage/pension settlement provided iba also gives a date.
after two years waiting why leaders
are hesitating to call for indifinite strike
ufbu should call for indefinate strike by this weekend
If it is true that there can be round of talks in tthis or next week, UFBU leader will again sleep after that as earlier happened after 24.09.2009. This time there should be "do or die" means if IBA do not agree give immediate call for indefinite strike till the matter is settled.
when sbi unions could achieve during the regime of
mr. chidambaram when he was fm,
why can't ufbu... at present?
known factor is not known to everybody in the sector of banking and that is the only sector blinking it seems.
Dear Comrades,it is wrong to go on blame IBA and Govt. They are not calling UFBU for a talk. It is true. Why our leaders did not meet for a month to arrive at a concensuous. We all go to work, work 9 to 12 hours a day. But UFBU need not. Why they have not met each other except 2day at Chennai. Also it is heard that Govt. / IBA is worried about Pension Corpus Fund, its accretion, if all pre retirees are given One more option the funds will be eroded than expected as pre-retires will deposit their PF contribution in SB and take more money from Commutation. The calculations of Acturians will go otherwise than budgetted.
It is heard from respected sources that a Substaff Daftry drawing 3rd stagnation increment will get an increase of about 4500, SCA drawing 3rd Stagation will get an increase of about 6000, and Officers reached JMG I maximum will get an increase of about 8000 in total. BPAY, Stagn Pay, FPA, SPL All, DA, HRA, CCA,PF, Contribution towards Gratuity, Leave salary etc., It is surprising thoughtprovoking that how are we going to repay 1800 crores from Arrears, future salary ?
Why all of you are wasting time in writing comments on these blogs. Go and work for your organisation and your country. Don't expect anything from IBA (the managers of which are ex-bankmen) or GOI as our own leadership is confused and divided on various issues. It is the infighting of retired leaders and non-retired leaders, which is causing delay for the settlement. Now in case of any further delay, there is a risk for shifting of effective date (which was done in case of most of previous settlements) from 01.11.2007. The percentage increase will change its meaning in case of shifting of effective date. They( GOI/IBA) can increase percentage without any addtional benefit to employees by jsut shifting the effective date
May GOD help these UFBU fools !
Dear Comrades, in creating Pension fund IBA stand is to share 50 50 out of wage revision fund. It seems UFBU today agreed among them to fall pray to IBA and accept 17.5% including AIBOC. Because of addl sharing only BP and DA will be WEF 1.11.07 and all other benefits from 1.11.08 and certain benefits from 1.11.09. The amount we loose because of this will go for the addl sharing of Pension funding which the IBA is insisting. IBA has won the Match. So no more discussions. Only YES SIR, YES SIR with IBA. In the name of PENSION, all are fooled.
Mr.Swami you are too agitated.
UFBU MEETING 04 NOVEMBER 2009 COURTESY PSU BANKS 9 TH WAGE REVISIONUFBU Meeting on 04-11-09
A meeting of the UFBU was held today (04-11-09) in Chennai. Com P S Pillai (President, BEFI) presided over the meeting.
1. The meeting took note of the negative approach of the Government in relation to the revised scheme of compassionate ground appointment/financial compensation to the family of the employees dying in harness and felt that the scheme as discussed and finalized between UFBU and IBA should be got expedited.
2. As regards the condition of the IBA that the entire cost of pension arising out of the wage revision to be adjusted from the proposed wage revision and that in the next settlement again another actuarial valuation should be carried out and the gap should be funded by employees sharing the same, after detailed discussions, the UFBU while rejecting the above conditions, expressed its view that the additional pension cost can be adjusted by sharing a portion of the same as was done in the 7th and 8th bipartite wage revision.
3. Regarding IBA’s condition that a new contributory pension scheme should be accepted by the unions from 1-4-2010 as a pre-condition for extending one more option for pension scheme, the UFBU felt that a mutually acceptable solution should be worked out to resolve the same as unilateral imposition of such conditions are not acceptable.
4. Regarding IBA’s suggestion for introduction of the concept of fixed pay and variable pay for bank employees/officers, UFBU decided not to accept the proposal.
Based on the above, the meeting decided to pursue the issues with the IBA during the next round of talks to be held shortly and to expedite the conclusions as early as possible.
Comrades, we are aware that speculations and rumours are being circulated here and there which are only adding to the anxieties of the membership. Hence UFBU appeals to all units and members not to fall a prey for such propaganda and close up the ranks at this crucial juncture when all attempts are being made by the UFBU to expedite the settlement.
Posted by Wage revision at 8:28 PM
Labels: AIBEA, AIBOA, Govt Bank, IBA, meeting, PUBLIC SECTOR BANK, UFBU, wage hike, wage negotiations, wage revision of bank staff
COMMENTS
WE HAVE TO SEARCH AND ROAM AROUND INTERNET BROUSING FOR GETTING THE LATEST NEWS.PATHETIC STATE OF AFFAIRS
WITHOUT KNOWING THE NEAR BOILING SITUATION OF THE BANK EMPLOYEES THE PARTIES TO THE SETTLEMENT ARE PLAYING HIDE AND SEEK GAME. THE LETHARGIC ATTITUDE OF THE IBA /GOVERNMENT COMBINE AND THE CASUAL ATTTUDE OF UFBU SOUNDS VERY BAD. THEY ARE DOING 100% INJUSTICE TO THE BANKMEN PRESENT AND PAST RETIREES WHO ARE EXPECTING GOOD WAGE SETTLEMNET, PENSION OPTION AND RECTIFICATION OF ANOMALIES LIKE TAPPERING DA OF PRE 01.11.2002 RETIREES.
RIGHT APPROACH IS LACKING ON ALL SIDES. EVERYBODY IS HAVING UNWRITTEN HIDDEN AGENDA, LIKE FINANCIAL REFORMS -GOVERNMENT- TOTAL NEGATIVE ATTITUDE OF IBA HEADED BY BANK EXECUTIVES AND NON VISIONARY APPROACH OF UFBU BY PUTTING HURDLES TO CONSOLIDATION ETC. UNLESS AND OTHERWISE GIVE AND TAKE ATTITUDE DEVELOPS NOTHING IS GOING TO EMERGE AND 10 LAKS BANK EMPLOYEES AND PENSIONERS ARE LEFT WITH NO OTHER ALTERNATRIVE OF CURSING THEMSELVES FOR BEING A PRESENT AND PAST EMPLOYEESOF THE BANK .WHEN THE WHOLE LOTS STATE AND CENTRAL GOVT EMPLOYSS ANDPUBLIC SECTOR EMPLOYEES WERE GOT THEIR WAGE REVISED LIBERALLY WHAT IS THE SIN COMMITTED BY THE POOR BANKMEN TIME ONLY WILL TELL . LET GOD SAVE THEM FROM THE CLUTCHES OF THE GREAT THREE PARTICES NAMELY GOVT IBA AND UBFU
K BALASUBRAMANIAN
Friends
Lets do one thing we can go to supreme court for the justice which is being denied by the mafia nexus of UFBU, IBA and Government to all bank staff.
Not only salary.. do seek justice about regulated working hours and 5 day a week schedule.
If u cannt do that than get ready to seek appointment with doctors for the deseases offered by this banking industry.
When here we are anxiously waiting for a comparitive salary with central government employees, our unions are thinking in a different way.As per my calculation central government employees are to get 8% D.A. effective from Jan-2010 & 9% to 10% D.A. effective from July 2010.
The text of union is:
"Never in the history of Independent India so much price rise and inflation.
Even though the Whole Sale Price Index does not reflect the correct escalation, Bank Employees have got 59 slabs of DA increase from November, 2009.
This is made possible because we belong to Organised Sector of workmen.
Please think about the Unorganised Worker.
Where do they get such compensation for the price increase ?"
TO ALL BANKMEN FRIENDS-IN UFBU TERMS NEXT MEETING IMMEDIATELY MEANS ANY TIME IN BETWEEN 6 MONTHS TO ONE YEAR. SHORTLY MEANS ANY TIME IN BETWEEN ONE YEAR TO 5 YEARS.AT A LATER DATE MEANS ABOVE 5YEARS INDEFINITELY. NEGATIVE ATTITUDE OF GOVERNMET/IBA MEANS IT WILL NOT TAKE PLACE.
mandagaddeshankar
what ufbu leaders are doing all the way are they just waiting call from
iba.do something make the iba to call meeting it is in your hand.you
would have refused in front of clc
and would have given indefinate strike call which we feel will be much effective as in some organisation was effective and got
their dues.members are very angry now
pl do some thing give strike call at
once
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