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.
(Published exactly as per AIBEA version)
Source : AIBEA
Friday, November 6, 2009
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15 comments :
Thanks to UFBU for at least meeting after more than 1 months of last meeting.
But the strange fact is that we don't find any mention of "wage revision" of present workforce of Banking Sector. It was all about past employees (compansate appointment, additional burden on pension etc. ) of future employees (effective date for joining of Pension scheme etc. etc) but no mention of wage settlement of exisnting employees.
Whether, the UFBU has been formed for protecting the interest of past and future employees only ?
Who is taking care of wage settlement of present workforce ?
can we get our pay hike by next diwali....
With this type leadership called UFBU, I don't think it is possible.
May be by the end of 2011 or later and subject to settlement of issues of retired leaders and their next generation which is going to join banks on or after 01.04.2010.
NOW, THE ABOVE UFBU PRESS RELEASE INDICATES THAT THE UFBU IS EITHER NOT CONCERNED ABOUT THE WAGE REVISION ISSUE IN TOTO OR ELSE THE MATTER STANDS RESOLVED FOR ALL PRACTICAL PURPOSES. FROM THIS BLOG SPOT I GOT A SMS A COUPLE OF DAYS BACK SAYING THAT THE BANKMEN ARE DEMANDING 25% HIKE. BUT THE MEETING DID NOT DISCUSS ANYTHING ON THIS. WHILE MANY EMPLOYEES ARE WRITING ON THE WALL ABOUT 6TH PAY COMMISSION AND DESIRABILITY OF PARITY VOCIFEROUSLY, THE UFBU IS SEEMINGLY SITTING PRETTY ON THIS ISSUE. EITHER THEY ARE PLAYING THEIR CARDS CLOSE TO THEIR CHEST OR HAVE SUCCUMBED TO PRESSURE. LET US, AS USUAL, KEEP OUR FINGERS CROSSED!
BY THE BY IS THERE ANY RECTIFICATION OF DA CONVERSION FACTOR - A PURPORTED MISTAKE IN CONVERSION OF CONSUMER INDEX OCCURED REPORTEDLY THREE YEARS AGO - IS IN THE OFFING? WILL IT RESULT IN PAY OUT OF SOME ARREARS? MR. BALASUBRAMANIAN WILL BE THE RIGHT GUY TO ANSWER THIS
BANK WAGE REVISION IS POSSIBLE WITH 25% PAY HIKE PLUS PENSION TO ALL WITHOUT COST SHARING
NAME OF THE BANK TOTAL INCOME TOTAL EXPENDITURE OF WHICH EMPLOYEE COST PERCENTAGE NET PROFIT 2008-09
AMOUNT IN CRORES
BANK OF INDIA 19493 14026 1953 13.92% 3009
UNION BANK OF INDIA 13372 10290 1152 11.20% 1726
UNITED BANK OF INDIA 4802 4125 658 15.95% 185
CORPORATION BANK 7179 5373 468 8.71% 900
BANK OF BARODA 18298 13880 2409 17.36% 2331
CENTRAL BANK OF INDIA 11540 10101 1273 12.60% 570
ALLAHABAD BANK 8528 6606 874 13.23% 790
ANDHRA BANK 6142 4851 624 12.86% 656
ORIENTAL BANK 9928 8242 756 9.17% 905
PUNJAB NATIONAL BANK 22690 16824 2941 17.48% 3131
PUNJAB ANDSIND BANK 3655 2926 519 17.74% 399
UCO BANK 9141 7939 997 12.56% 557
BANK OF MAHARASHTRA 4792 3999 580 14.50% 375
DENA BANK 3877 3151 468 14.85% 422
CANARA BANK 19430 15466 1877 12.14% 2072
VIJAYA BANK 5936 5037 597 11.85% 263
SYNDICATE BANK 10440 8692 1046 12.03% 914
INDIAN BANK 7880 5638 982 17.42% 1246
INDIAN OVERSEAS BANK 11169 8713 1272 14.60% 1325
198292 155879 21446 13.76% 21776
SOURCE : NSE WEBSITE FOR LISTED BANKS
INDIVIDUAL BANKS WEBSITE FOR NON LISTED BANKS
REFERENCE YEAR PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2009
From the above data it is evident that the nationalized banks earned a net profit of 21776 crores. Their average employee cost forms a meager 13.76% to the total income. The employee cost was much higher in 1990s when compared to total income. After the success of VRS 2001 scheme where by 10% of the then work force opted for the same there was considerable savings.There after even for normal retirement suitable postings were not done to 100%. Hence the cost of employee percentage is at all time low .Staff members in all cadre are working beyond their capacity to complete the task.Officers and branch managers are virtually working more than 10 hours per day and attending office on majority of Sundays.
(to be concluded)
CONCLUDING PART
WAGE REVISION : a wage revision of even 25% will take the employee cost from the average of 13.76% to 15.25% which the industry can very well absorb. It will be only 5000 crores based on 2009 figures.
PENSION OPTION PAST AND PRESENT; A SUM OF 6000 crores as per actuarial calculation will take another 3% so that the employee cost will go only upto 18 %. From 22000 crores a sum of 12000 crores can be easily allocated for 25% wage revision and one more pension option to the past retirees, and existing PF optees and also sanction of 100% DA neutralization to pre 01.11.2002 retirees who are the only left out group from full neutralization.
STAGE I Hence a 20% of basic pay increase after the agreed merger of DA earlier will straight away take the officers starting basic to 15000 level against the Class I officers starting pay of 15600+grade pay of 5400 = 21000. HRA of 15% on the basic plus cca can be considered this will workout to around 25% which the parties may agree. IBA must show its gesture to the sector ther are representing. . They should not SEE THAT THEIR SECTOR IS lagging behind in service conditions to any other sector. That should be the spirit of IBA.They should behave like paycommission members with unbiased attitude and not otherwise.
SIMILAR OPERATIONS TO AWARD STAFF BY SUITABLY INCREASING THE BASIC PAY TO ENSURE A MINIMUM SALRY OF 10000 TO SUBSTAFF.
STAGE II After studying the balance sheet for the years 2010,2011,2012 if the cost remains under control parity in HRA from 15% to 30% and in lieu of grade pay, post allowances to all field level designated officers and branch managers , cashiers special assistant etc only say 15 to 30% to keep the cost under control.
If still the comfort level is available PENSION UPDATION AS AVAILABLE TO CENTRAL GOVT AND RBI EMPLOYEES CAN BE CONSIDERED to all people. Without arrears from a future date.
SPIN OF BENEFITS: THE MOMENT IBA signs wage revision with one more pension option they can expect sizeable chunk especially women employees in the 50 plus category to opt for VRS without package. A person who is having a service of 28 years will be entitled for full pension. When the manpower falls dramatically , the time can be ripe to talk consolidation in the banking industry for which a beginning can be made now itself by having a dialogue .ONLY FOUR OR FIVE BANKS CAN EXIST. THAT WILL IMPROVE THE QUALITY OF SERVICE, DRASTIC REDUCTION IN ESTABLISHMENT EXPENSES LIKE PREMISES ETC.
CONCLUSION ;
IFTHE ABOVE PROPOSALS CAN BE PRACTICALLY IMPLEMENTABLE THEN THE EMPLOYEES CAN GET REASONABLE BENEFIT IF NOT PARITY WHICH CAN BE CONSIDERED IN 2012.
IF THERE IS A WILL THERE IS A WAY. PM/FM SHOULD GIVE SUITABLE INSTRUCTIONS TO THE MOF PERSONNELS /IBA PERSONNELS NOT TO STAND IN THE WAY OF BELTAED WAGE REVISION AND CONSIDER THE PRACTICAL AND SUITABLE INCREASE WITH PENSION OPTION.
K.BALASUBRAMANIAN RETIRED SENIOR MANAGER UNDER VRS 2001 PENSION OPTEE INDIAN BANK
The analysis and observations posted by Shri Balan are very useful, constructive and aims at proving the feasibility and clearly establishes pension payment to all is not at all a burden .Here the hitch is to wake up the IBA to this fact becoz it is adamant and refuses to understand.It wants to dictate the terms having successfully created gaps among rank and file of the bankmen. Poor ,UFBU has to face the wrath of it's rank and file and from iba/govt also . I wish the UFBU THE MORE STRENGTH AND DETERMINATION AND SUCCESS to deal with the crusial matter in the interest of the all concerned
UFBU stands for Ullu, Fools, Bewkoof Union. The leaders are main hurdle they should apologise fellow bankers for not intensifying agitation. indefinite strike is the need of hour. All bankers officer, clerk, sub staff below 45 years are requested to leave association and join young bankers forum. which demand that UFBU is not authorised to negotiate. Stop negotiation. We demand IBA and entral Govt. to invite us for negotiation. Let us make membership more than 50% strength.
let form a new union in which only below 45 age should be allowed as members-- i am agree.
Dear Comrades, the merger point of DA index is 1600 points for Central Govt 5th pay commission. To us 7th WR is at 1616/1684 points and 2288 points for 8th Wrevision. Can anybody give details of DA index merged points for 6th pay commission ? AIBOC is bothered about officers only. NCBE is bothered about award staff more specific SBI only. AIBEA only bother both Award and Officers.
Clerical Present Max 13210 + 6 stagn inc 3360 + EQA/PQA 900 + SCA 1600 = 19070. The Max of JMG I is Rs.21040/-. TNBEA circular in its meeting to their members has circulated that the Average Inc for Award Staff is Rs.5000/- and Officers is Rs.7000/-. It is a sad note. We should forget comparing even State Govt. Scales of Pay.
UFBU the collective organization constituted to negotiate and settle wage related issues, has no leadership with commitment to employees cause. 24 months are over and UFBU is yet to sort out issues wih IBA. Bank workers are frustrated and lost faith in UFBU. Bank Union leaders have become typical third rate politicians. Leaders if at all you have some care & consideration for us please go ahead to calll for an indefinite strike to achieve our demands or else please dissolve UFBU.
WHY THIS SILENCE ON PART OF IBA? WHAT IS THE REASON FOR UFBU S CASUAL ATTITUDE?
After 24 th September 2009 talk both sides took no visible effective steps to follow up the matter except a letter from AIBOC to the ministry of finance higjhlighting the salary levels of bank officers and successive pay commission salaries and sought parity. For a call of UFBU functionary IBA REAFFIRMED their earlier stand and they are 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 they had an emergency session at CHENNAI. But to all of our surprise the meeting ended without any positive approach and they contradicted each and every proposal of IBA. The interest they are showing in compassionate appointment and future pension option to the unknown employees was not shown to the present employees and present PF optees who is passing every day in tension anticipating certain positive development. The resolution of UFBU of 04 th novemebr meeting will make IBA to have a wait and watch policy and there is no obligation for iba to call UBFU because they made the option very clear overphone. Now it has become a prestige issue for both . Whether UFBU is going to dilute its stand and request once again IBA for a meeting or IBA on further briefing from the government on pension future cost sharing calls ufbu is a predictive game. IT may take a week or even a month or more It depends on the type of pressure on the respective bodies.
Branch level meetings and passing reoslutions on the sorry state of affairs and sending the copy to their respective union head offices irrespective of the cadre may have some effect.
AIM OF IBA IS TO CREATE A NEAR FRUSTARTION AMONG THE CADRES AND ELIMINATE THEEFFECTIVENESS OF THE UFBU so that it will be easy for them to carryout the financial reform without much protest.
FINALLY government is going to inform the reforms also without additional cost by way of additional incentive. Instead we ourselves cooperate with the government and getting better pay scales .Unless and otherwise message reaches UFBU either from influential sections close to top leadership or by revolt from members NO SOLUTION IS GOING TO EMERGE AND ALL HAVE TO SUFFER HUMILIATION OF GETTING LOW WGES WHICH WILL AFFECT THE PRODUCTIVITY OF THE INDUSTRY , STARTING POINT OF WAGE SICKNESS
MAY GOD HELP ALL OF YOU INCLUDING MYSELF WHO IS SUFFERING FROM NON RECEIPT OF FULL PENSION/100%DA NEUTRALISATION BECAUSE OF UFBU S INEFFECTVE WAY OF NEGOTIATION WITH IBA EARLIER.
KBALASUBRAMANIAN
Reply to Mr Swami, November 8, 2009 9:26 PM, this is to inform that the sixth cpc merger point of DA index is 536 in 1982 index. The whole reflection of Bank D.A. or IDA for PSU effect to central govt employees after a period of 6 to 9 months. For example their recent 27% D.A. based on 685 in 1982 index for the period June-09 ending, where Bank employees Aug-09 D.A. which is calculated June-09 period ending based on 701 in 1982 index. So while comparing Bank employees salary with GOI employees either add another 4% i.e calculate 31% D.A. in their salary or deduct Bank employees D.A. to the extend of 20 slabs i.e 3.6% of June-09 ending to be effected from Aug-09 salary. This is scientific in calculation.
Dear Balan Sir and all comrades, The words of SR is true. It was all about past employees (compansate appointment, additional burden on pension etc. ) of future employees (effective date for joining of Pension scheme etc. etc) but no mention of wage settlement of exisnting employees. We all dont know what nonsense they are fighting for employees who are going to be recruited. Even in my bank, all office bearers / executive relatives have been selected for appointment in Direct / campus for JMG 1 and MMG 2. Thank U Chandan for the information on DA Index for 6th PC. 2day TNEB employees got 40% inc in WRevision. Out of 35% increase, we all lost 17.5% under pension. Daily I meet my leaders. It is learnt that Mr. Nair is on tour abroad and a possible meeting may come 3rd week. 3 Jet Airways employees showed their guts. But we 8.5 lakh employees unable to speak with our own leaders. Shame of the hour. Even one top leader of my bank, a signatory to the settlement is silent and not talking anything. Today it appeared in FE That the Idiot Raghuram - fin advisor to PM has opposed to Consolidation of PSBs. Msg from BEFI also total silent. On personal talk, the leaders says, if we go on strike, govt may refuse to give Pension 1 more option. Hence, adopting a submissive attitude. Govt. need not consolidate. After wage revision by year next, instead of relying on these worthless leaders and harassment of management, all above 57 will prefer VRS and naturally max job outsourced later PSB consolidation. Natural Death. We need some Iron man or Iron lady like Indra gandhi in bkg industry Unionism to send these leaders home.
Shame Shame Puppy Shame.
AIBEA AIBOA all india strike against SBI Merger with SB Associate. They have forgotten to call for a strike when IBA is not calling for a useful WRevision talk. Announcing strike for something else. Is it now shameful.
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