Details of bipartite talks with IBA on 22nd January and 23rd January

Details of 23rd January meeting with Officers' Association :

HRA, PENSION COSTING, SBI SHARE EARMARKING DISCUSSED. UNIFORM PAY RISE , ,COMPARABLE INCREMENT-HIGHER START – STAGNATION INCREMENT DEMANDED.

One more round of discussions took place between IBA and four Officers’ Organisations today at Mumbai.

The Management team was lead by Shri Jagdish Pai, Chairman of the small committee of IBA.

IBA gave their revised proposals of Basic Pay Structure with Rs,14000 beginning and ending with Rs.54400. They have agreed to remove the cost of leave encashment on retirement. On pension costing, the differences persist in the matter of new pension option. With regard to date of payment of pension, IBA is only prepared to effect payment from the date of settlement whereas Unions want from 01-04-2008. On the cost of SBI pension wherein IBA has allocated an increase of Rs.132 crores also, Unions have objected as it is a new item suddenly introduced after the first chart was given by the IBA.

Thus no finality could be reached on scale of pay, pension cost and date of effect of payment of pension to new optees.

It has been agreed that Unions will work out their scale of pay, presenting uniform loading effect to IBA upon which further discussions will take place.

The next round of discussions to take place on 08-02-2010 and Unions will submit their proposals to IBA by 27-01-2010.

Details of 22nd January meeting :

"Another round of bipartite talks between IBA and 5 workmen Unions viz. AIBEA, NCBE, BEFI, INBEF & NOBW took place today in Mumbai. In today’s meeting, we further discussed about construction of revised pay scales, rates of annual increment, rationalisation of special pay in clerical and substaff cadre etc. There was also discussion on the proposal to club HRA and CCA to ensure equitable increase in the allowance in all areas with special emphasis on the rural and semi urban centres. Then we took up for discussion the costing of pension and submitted our view points. We also took up improvement in other allowances like Washing Allowance, Cycle Allowance, Project Area, Compensatory Allowance, Split Duty Allowance, Hill & Fuel Allowance, Halting Allowance, Breakage Allowance etc besides improvement in distance entitlement under LFC, family definition to include dependent brothers / sisters who are physically handicapped, revision in income amount to determine dependent parents, non–insisting of four days leave while availing LFC encashment, improvement in road mileage rate, sanction of 45 days special leave for women employees undergoing hysterectomy operation, upgradation of lumpsum paid part time employees to scale wages, improvement in hospitalization reimbursement scheme, inclusion of Sidha treatment for reimbursement, etc. etc. There were also some discussions on revision of duties for Single Window Operators, Head Cashiers and Special Assistants.

The calculations on cost impact of the above will be done and worked out for the purpose of finalizing the various items and components. The next round of Bipartite talks will be held on 9th February, 2010.

In today’s meeting we were informed that Punjab and Sind Bank management have also given their mandate to IBA for being governed by the proposed wage revision agreement and thus all the banks are now covered.

Earlier, at the beginning of the talks, homage was paid to the veteran leader Com. Jyoti Basu and Mr. Mohan Rao, Chief General Manager Corporation Bank and member of Negotiating Committee of IBA who had died recently by observing two minutes silence."

Source : AIBEA {As per their version}