Important issues like pension cost, special pay etc are yet to be finalised and hence these matters need further discussions.
See the full text as per AIBEA version.
"As scheduled, another round of Bipartite talks were held today (09.02.10) in Mumbai between IBA and 5 workmen Unions. IBA team was led by Mr. Jagdish Pai, (ED, Canara Bank), Chairman of the Core group of the Negotiating Committee and from the unions, all the five workmen unions viz., AIBEA, NCBE, BEFI, INBEF and NOBW were represented.
Continuing the discussions of the last round of meeting, today we took up for discussion the cost of rationalisation of special pay, method of calculating the existing cost of pension, accounting the cost of retirement benefits of PF / Pension Optees on account of proposed wage revision, date of effect of pension option settlement, etc. The IBA, after listening to our arguments and viewpoints, informed that these important issues are needed to be discussed in their full Negotiating Committee before reacting to us.
In today’s meeting, we further took up various other issues and service conditions like improvement in LFC, Special Area Allowance, making part time employees on lumpsum wages to 1/3 wages, commencement of LFC from mainland for employees working in Northeast, Andaman / Nicobar, Lakshwadeep etc, improvement in hospitalization scheme, domiciliary treatment of few more ailments, allowing LFC within entitlement while travel abroad, improvement in class of travel for LFC, one more option to change LFC block, improvement in reimbursement of package charges for certain major operations, removal of few anomalies in certain existing provisions etc. IBA was very positive on all these issues.
However, important issues like pension cost, special pay etc are yet to be finalised as mentioned above and hence these matters need further discussions.
Further discussions will continue in the next round of meeting and efforts are on to expedite the settlement. "
Wednesday, February 10, 2010
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68 comments :
AIBEA VERSION “However, important issues like pension cost, special pay etc are yet to be finalised as mentioned above and hence these matters need further discussions.
Further discussions will continue in the next round of meeting and efforts are on to expedite the settlement.
In the meantime, the exercise of drafting the settlement is also underway.”
BEFI VERSION :;“Hurdles are still there on major items such as construction of pay scale, revision of special pay,determining incremental cost of pension, cut off date for payment of pension to new optee retirees etc.
The negotiating team of IBA expressed that they require discussion in their higher committee to take final decision on the major issues.
In this backdrop, no date for next round of talks has been fixed.”
LET US HOPE FOR A POSITIVE OUTCOME
Seeing the trend of movement of negotiations the question remained un answered as to whether the settlement will be signed before 25.02.2009(dead line as per MOU dated 27.11.2009) or the fate will be same as that of MOU signed in February 2008 regarding another pension option.
For UFBU :
AIBEA VERSION “However, important issues like pension cost, special pay etc are yet to be finalised as mentioned above and hence these matters need further discussions.
Further discussions will continue in the next round of meeting and efforts are on to expedite the settlement.
In the meantime, the exercise of drafting the settlement is also underway.”
There 74 days
and 6 meetings allready passed.
Nothing finalised,What were you done in 74days and 6 meetings?
Now 15 days left as per MOU signed dated 27/11/2009.is it possible,nothing solved in 74days and it will be solved in 15days?
We all hree are understands position of leaders but Now its Enough.
You may continue to discuss misc topics and wage and pension points disscuss later When you feal to do this.
Please keep in your mind that We are asking for our rights not for donetion to IBA.
You all leaders are more experienced then us for negotiation matters,Then also Why All time IBA defeat to you at every point in every meeting?
I can't understand your style of negotiation and behaviour.
GOD MAY GIVE YOU Sagaciousness AND SAVE US.
In my message of February 10, 2010 6:25 PM date should be 25.02.2010 and not 25.02.2009
Dear Shankarji, On an informal chat with one of the All India leaders, I was told that there are fissures amongst the constituents of UFBU (officers section)and at the instance of Officers' associatin IBA had to cancel themeeting on 08.02.2010. The crux of the issue is probably centered on the IBA's intention to carve out Rs.132 crore out of the portion allocated to Non-SBI bank officers to be used to fund pension cost of SBI officers! It translates to about 1%. Then out of remaining we will be coughing up 30% for pension actuary out of arrears, meaning that for the period of arrears the real benefit will be shortened by 6% (though would qualify for tax purposes)and thus we will be getting an effective 10.5% before paying Association levy. Thus, we can not even term it to be PEANUTS, for, now-a-days the cost of peanut is hovering around Rs.90-100 per kg!
And, because of these ordeals, we may not be and in all probabilities we will not be seeing light within the 90 days notice period. Here again, the leader was casual in his words that he told me even in the past we had to prolong the settlment beyond 90 days notice period. After all it was mutually agreed by UFBU & IBA. It would not be difficult for both to prolong it as none other can question in any court or construe it to be breach of contract.
A section of workmen are believing that the settlement will be clinched within 25th instant and otherwise penal clause will play as per Shops and Establishment act. But it is not true. That act comes to play only from the date of signing the Settlement. And that envisages payment of new salary and arrears within 60 days of signing the settlement. That protection/time-norm is not applicable in the case of officer employees whom it takes 3-4 months time to get the benefit. Now it is anybody's guess as to the probable date of getting the money!
IF ONLY ANY UNEXPECTED HAPPENS OUT OF MAGIC OR AT THE GRACE OF ALMIGHTY GOD, THERE IS A DISTANT CHANCE OF GETTING THE SETTLEMENT SIGNED WITHIN 25TH.
IF IT NOT HAPPENS, WE MAY HAVE A CHANCE TO LOOK AFRESH ON THE ISSUE AND CHALK OUT AGITATIONAL PLANS AS IS SUGGESTED BY BLOGGERS - BUT IT SHOULD TRANSPIRE INTHE MINDS OF LEADERS. WHO WOULD BELL THE CATS?
Refering to Sri Iyer-February 11, 2010 10:22 AM.
I too have spoken to several leaders of officers union (ALL India level) But to my dismay, I observed that the views expressed by one leader are entirely different from that of another leader of the same union. They may be having a binding not to reveal the actual facts which I do not know. Hence I am relying only on authenticated news items through I-Net, News papers etc.Even TV channels are not reliable.
As per unions the terms of the minutes signed on 27.11.2009 with IBA are not applicable to State Bank of India
Ref:Mr.IYER February 11, 2010 10:22 AM and
Mr.SHANKAR February 11, 2010 6:33 PM
It is a fact, that there are conflicts among constituents of Officers Federation.Leaders of
themselves admitted the same.IBA is also fully aware of the situation.As we are aware, it came to surface at the very moment of signing M.O.U on 27.11.09.Abstaining from signing the MOU by two of the General Secretaries of officers unions ,which necessitated UFBU to proceed with signature of presidents of aforesaid unions in MOU.
SBI officers federation protested immediately against UFBU and IBA.They are afraid that it may affect their negotiations with SBI Management of in protecting their special features prevailing in their bank and also their Superannuation Scheme. They also felt that IBA simply brushed aside the claim of 2.20lakhs workforce to incorporate certain clause in MOU.
We have to see the latest development of IBA providing Rs.132 cr towards pension cost to SBI officers, under this back ground.
UFBU states that it is a sudden proposal of IBA to earmark SBI pension cost which was not visualized at the time of MOU. UFBU wanted to ensure that the quantum as agreed in the MOU is available to Bank officers.Now MOU is not applicable to SBI, it is UFBU and IBA has to finalise the settlement.
All these games will have impacts on bankmen and retirees ,there is no doubt about it.
Sorry everybody for diverting u a bit from this crucial topic....
What would you to suggest about joining SBI in Management Executive to a person who is already serving as PO in SBI....
Plz elaborate this Mgt Exe post's pros and cons?
What abt the pension??
it is surprising as to why latest development is not being posted in the site maintained by AIBOC. For instance members have not been taken into confidence as to why the meeting did not take place on 8.2.10 and when the next meeting would be held.In comparison the sites of AIBEA/BEFI are loaded with information. Perhaps the leaders of AIBOC are complacent.It is incumbent on the part of the leaders to come out with facts. Vasudevan
MY DEAR SBI CITIZEN
PLEASE COME OUT OF THE UFBU CLUTCHES AND HAVE SEPERATE AGREEMNET LIKE RBI/IDBI
I REQUEST THE UNION LEADERS OF BOTH SUPERVISING AND AWARD STAFF TO CONVINCE THE GOVT AND MANAGEMENT TO HAVE A SEPERATE DIALOGUE
EACH WAGE NEGOTIATION WILL TAKE THREE (3) YEARS IT IS WASTE OF TIME AND MONEY
ACT FAST COME OUT
SILVER SPOON SBI CUT WORKERS:
If SBI employees are thinking different and unhappy, being a party to UFBU & Nineth BPS, then why don't they go for a separate settlement like RBI/NABARD,LIC & other financial organisations? No one brakes them to do it? Instead of delivering catchy tune, their leaders must have guts to make it in deed. But sitting with Nationalised Banks in BPS with a shrewd idea to collect a bench mark for a further separate wage-hike at their bank level and count their chickens before they're hatched are in no way appreciable or acceptable in the spirit of collective bargaining.
Thanks.
Let's wait for the arrears to accrue to Rs. 1 crore so that we get a handsome fund for investment and unions get a chance to impose a handsome levy on members.
this time nobudy ask for ,next meeting date Except me.
o.k. anybudy will get then post here.
This is an article from Mr U S Pandey, with title Communist at Your Dining Table: This speaks itself abt the whole story of Bank's union and wage settlement in banks. I think its an eye opener and must read for all fellow bankers.
LIC Housing Finance Ltd is a premier housing finance institution of India. As the name suggests, it’s been promoted by the redoubtable Life Insurance Corporation of India. Without launching a treatise extolling the institution’s virtues, focus today is drawn to a simple fact. LICHFL has no employee unions.
No unions, you say? The management must be having the hapless employees for breakfast, lunch and dinner! Well, here is what the management did recently. The salaries of the LICHFL employees were hiked by 20.8% and the arrears were paid since August 2007!
And what have the bankers, ostentatiously protected by gigantic umbrellas of unions and associations, to flaunt? Bankers, who were the kings of wages before the Pillai Committee cut them to the size of group ‘A’ government officials? An event, that also proved to be a watershed in the lives of bankers. The trade unions rushed to foist themselves as the self-appointed messiahs of the bank employees and took centre stage in wage negotiations and other vital matters of welfare. They also methodically ushered in the failed policies and visions of their communist masters to the dining table of an average banker. Once seated, these ghosts refused to leave the table, gradually chipping off and reducing the size of the pie that the family could have, day after day, year after year. Thus, participating in countless strikes and agitations instigated by these malicious thugs, bankers have been slipping down a very slippery pole of wages ever since.
The billion dollar question, therefore, is whether we need the services of such ominous bunch of self-appointed leaders, hell bent to reduce us to pygmies, any longer? Its time we set ourselves free of the killing embrace of the Dhritrashtras of the banking industry. History is replete with the records of their failures. Be it the employee welfare issues such as wages, retirement benefits, working conditions of its officials, or the progressive and evolutionary issues like computerization and mergers.
We know the one cent monosyllabic answer to the question in our hearts already.
SUPREME COURT UPHOLDS EXEMPTION FROM TRANSFER TO OFFICE BEARERS OF RECOGNISED ASSOCIATIONS AND FEDERATION
Members may be aware that a minority, mushroom, miniscule rival organisation in Bhubaneshwar Circle of our Bank had challenged in the Hon’ble Orissa High Court, the agreement between the Management of State Bank of India and All India State Bank Officers’ Federation, in respect of immunity from transfer of office bearers of the Circle Associations and AISBOF. Unfortunately, during 2002, the case went against State Bank of India Management in the Hon’ble High Court of Orissa. A review petition was filed by the management and our Bhubaneshwar Circle Association also got impleaded in the petition, as any adverse decision would have caused all India level ramifications. The Federation decided to support the Circle Association by way of financial assistance. The review petition was also dismissed during 2003 by the Hon’ble High Court of Orissa.
Aggrieved by the decision of the Hon’ble High Court of Orissa SLP(C)No.16962 – 63/2003 and SLP(C)No. 16965-16966 of 2003 were filed by State Bank of India and State Bank of India Officers’ Association, Bhubaneshwar Circle respectively, in defence of the exemptions/relaxations from transfer policy for office bearers of the Association/Federation, before the Hon’ble Supreme Court. Both, Management and the Association had engaged eminent advocates, and we were successful in obtaining a stay order in 2004 from Hon’ble Supreme Court against operation of the verdict of the Hon’ble Orissa High Court. The case had come up for hearing on 02.02.2010 and we are happy to inform that in the said SLP’s the Supreme Court has delivered a judgement upholding the transfer policy of the Bank in respect of exemptions/relaxations from transfer of office bearers of Associations/Federation. This is a slap on the face of unjust and fissiparous stand of the minority union who never followed the philosophy of positive trade unionism.
The minority union had raised the uncalled for bogey of discrimination in the matter of transfers. The Supreme Court Judgement has set to rest all the baseless averments of discrimination. The case had far reaching ramifications and the judgement has come as a shot in the arm for the majority trade unions who have been playing an important role in maintaining cordial Industrial relations atmosphere in the Banking Industry.
Now tell me how these unions are for us? these people can go to Supreme Court to save themselves from getting transfered but cannt even negotiate properly for employees welfare, for which they are there. At the end only Bank employees are suffering these Union leaders are enjoying every thing.
How they can talk about regulated working hours for staff and Respectable Salary.
All of us should go against these Union people. And should directly seek justice from Supreme Court
DUTY RELIEF TO OFFICE BEARERS OF AWARD STAFF UNION :
(PER:IR:CIR:169 DTD. 14.11.1984)
i. Full day relief to -
a) President and Secretary of Staff Federation
b) General Secretary of the Award Staff Union of the Circle
ii. Half day relief to one office bearer (usually Dy. General Secretary) of Award Staff Union at Zonal Office.
Other than those covered by the above arrangement are not allowed relief from duty. Those, who do not perform a full days work, the principle of "No work No pay" should be applied in conformity with extant instructions.
WHAT A PARADOX!
Members are also to be blamed to some extent for the mess they are in. This is the price to be paid for having remained complacent without raising their voice in unison to demand transparency . It is high time that all stand united and voice their concern against the ineptitude handling of the negotiations by the union leaders who seem to care two hoots for the members. Will the leaders care to explain why the meeting did not take place on 8.2.10 and the areas of agreement reached so far and as to why they are unable to clinch the deal knowing fully well that time and patience of members are running out. Will they come out with facts and let all the members know as to what action is proposed if the deal is not clinched by 25.2.10. Vasudevan
I dont know why we people in Banks are still having the thought that Unions are our saviours and Management is our enemy?
While everyone in Bank know that Unions are the second name of Gundagardi at mass level. They extort money from us in the name of union fee, and use that money like any thing. They enjoy Five star treatment, shower themselves with expensive gifts like cars etc.
Every Banker in India( only India) is facing a lot of problems, now I would like to bring in your notice why union leaders cannt understand the same…
1. No regulated working hours Every Banker is overworked, whether you take the case of SWO or officer in the bank, every one is working like a “kohlu-ka-bail” Still government talk about 24 hour Banking.,without thinking that banker is not a machine but is a human being he too have got family and some desires. While government have 5-day working at their offices (that too 10 to 5) and at the same time it is reluctant to give us same working conditions.
Now just ask yourself that have our union leaders ever talked seriously about improving our work conditions,its because they never do any work at bank, so how will they understand our problems?
2. Least paid employees. As all of us keep on discussing that we are the least paid employees in india. And still our leaders seem not that much serious for the our Salary revision, even iff Its more than two years down the line. The main cause of inertness of these union leaders is that they are never short of money, they are always enjoying that too on our money. They enjoy five star facilities and remain almost out of Branch through out year, and pile up their Halting and TA bill, which no branch manger can deny. So their pockets are always full of money!!!
They are there for their own benefit. They can go to Supreme Court against any move to trasfer them and I am damn confident that these people must have used over money for legal expenses paid to the lawyer. These people always have PRIME Postings and we the average employee of the bank are made to crawl for years by these union people to have posting at our family stations. The families of these leaders are enjoying at our expenses, and these people are making us fool by doing Nautanki like these people of SBI Association has done by showing that Supreme Court’s decision is in the favour of each and every employee.
Shame on U Unions. These people are real GOONDAs. They should seek some thing from the IITs staff union, Orissa police persons, And the SBIs Orissa staff association who filed a case against their monopoly in Orissa High court- I am damn sure that the minority association- which these people of AISBOF has said, must be an Association of good people.
Hats off to these people who have atleast stood against these GOONDAs
adhitya is much right. This is the inner story of the unions today. SHAME.
EVERY ORGANISED SECTOR EMPLOYEE WILL SEEK PAY PARITRY AND GET THE THINGS DONE EXCEPT BANK EMPLOYEES HEADED BY INCAPABLE UFBU. AS I ALREADY MENTIONED IN THE BLOG THERE IS SOME THING WRONG GOING ON. BANK EMPLOYEES WHO ARE HAVING LEGAL BACKGROUND CAN EXPLORE THE POSSIBILITY OF GETTING JUDICIAL REMEDY . IF THE COURT SERVES NOTICE TO GOVT/ IBA/ UFBU THEN THINGS MAY MOVE QUICKLY. AT LEAST THEIR GAMBLE ON THE EMPLOYEES/PENSIONERS WILL GET EXPOSED.
WE HOPE THAT BEFORE BUDGET SOME THING HAS TO MATERIALISE. UFBU SHOULD BE DISSOLVED AFTER THE SETTLEMENT.
K BALASUBRAMANIAN
Strike while the iron is hot !
01.The 90 days period as per MOU dt.27.11.09,will be expiring on 25th Feb.’10.If union leaders have any sincerity and concern for welfare of existing employees and retirees they have to put forward every efforts to finalise the 9th BPS,within the time frame.
02.If they wanted to pressurize IBA/MOF/GOI only way out now,is to go for strike before the financial year end to achieve the goal…
03.Forget about the ego and infight among them.Seize the opportunity. When there is a chance to do something, do it immediately. Otherwise it will be too late.
ERNEST APPEAL TO PM/FM/TOP BUREAUCRATS OF BANKING DIVISION MOF
Bank employees negotiations /pension option /full neutralization of DA to pre 01.11.2002 pensioners is not yet settled in spite of the assurance given in the parliament somewhere in the same time during last year Every one knows very well that the implementation of sixth pay commission to central government employees has started a wage war throughout the country . The governments acceptance tantamounts to determination of /standardization of salary levels for the different cadres. GOOD GESTURE.
After that several state governments has voluntarily agreed to implement the recommendations by creating huge debt burden. OK. GOOD
Government has accepted the liberal recommendations to public sector undertakings even better than pay commission because they are classified under public sector and not covered by the pension scheme .Here also the increase is not proportionate to the profit earned etc but on adhoc basis only by agreeing certain salary levels to the position they are holding. VERY GOOD GESTURE.
Then UGC Scales, Judiciary recommendations, ONE RANK ONE PENSION, everywhere 100% justice has appeared to have been done. EXCELLENT.
WE ARE VERY SAD TO BRING YOUR KIND ATTENTION THAT THE SAME TYPE OF PATRONAGE HAS NOT BEEN EXTENDED TO THE BANK EMPLOYEES WHO WERE BETTER PAID TILL 1996.
WHAT IS THE REASON FOR YOUR NEGLECTING THE EMPLOYEES AS UN TOUCHABLES IN THE SOCIETY EVEN THOUGH THE CONCEPT OF UNTOUCHABILITY WAS ERADICATED TOTALLY .
PLEASE APPLY YOUR CONSCIOUSNESS AND THINK FOR A WHILE.
ACHIVEMENTS OF THE BANKING INDUTRY :
BANKS ARE WITH STANDING THE RECESSION AND WORLDWIDE FINANCIAL CRISIS LIKE A SOLID ROCK
THEY ARE EARNING GOOD NET PROFIT AND TRANSFERRED MORE THAN 50000 CRORES TO THE EXCHEQUER SINCE 2006
HUGE WRITTEN OFF FROM TIME TO TIME WERE SILENTLY ABSORBED WHICH IS VERY HIGH WHEN COMPARED THE WAGE COST.
Which sector the government wants to classify them . If it is under public sector mean s more than 100% salary hike has to be given. So forget about that .Since the implementation of PILLAI COMMITTEE DURING 1979 as standardization of wages BANK OFFICERS SALARY LEVEL WERE BROUGHT DOWN TO CLASS I OFFICER LEVEL. So the then government and the political leadership has agreed that the level of starting pay for officers should be the same. Whether it is bank or government or college lecturer etc.
to be concluded
It is the generous package given under fifth pay commission and sixth pay commission and introduction of new item called grade pay only made the salary to a very good level which has created a good purchasing power among the government/public sector employees.
Every person who is following the financial position of the government also knows that this bonanza to the employees /pensioners has created huge fiscal deficit in addition to other reasons like oil subsidy, stimulus package etc.
Now coming to the banking sector you are the major share holder and hence employer who has to take care of the employees like government employees /public sector employees. The matter should not be left to IBA/UFBU who failed miserably in coming to understanding through collective bargaining. It lost its relevance because the attitude of the government changed in favour of the employees and hence simply by a notification you can implement the pattern of sixth pay commission scales to OFFICERS WHO ARE NOT COVERED UNDER INDUSTRIAL DISPUTE ACT.JUST LIKE PILLAI COMMITTEE SCALES.
Then for award staff suitable parity can be maintained and IBA can be instructed to work out the scales along with the award staff union and settlement can be arrived even before the end of this month. This will give much needed relief to nearly eight lakhs serving employees and officers who lost hope in the negotiation drama going on and expecting some type of magic formula. HAVING AGREED FOR LIBERALISED WAGES TO NEARLY TWO CRORES OF STATE /CENTRAL GOVERNMENT /QUASI GOVERNMENT/PUBLIC SECTOR EMPLOYEES WHY VICTIMISING BANK EMPLOYEES ALONE BY OFFERING POOR INCREASE AND EVEN NEGOTITING FOR MINOR DIFFERENCE IN AMOUNTS.
PENSION OPTION AND 100% DA NEUTRALISATION TO PRE 01.11.2002 RETIRED EMPLOYEES/OFFICERS
Since the scales of bank and the government are more or less running in the same level the concept of pension introduced with some onerous clauses in the beginning. Around 60% of the staff accepted . Rest of the people might have feared for the onerous clauses or the then prevailing high interest rate .When the clause was withdrawn subsequently one more option should have been given. OK . Government is magnanimous enough in agreeing for one more pension option now to all the left out employees. When banks are making good profits and they are not seeking government grants why in and each every stage IBA is creating bottlenecks, nobody is understanding.
When last settlement was signed and full neutralization of DA was introduced wef 01.05.2005, unions /IBA silently omitted to cover the 100% neutralization scheme to pre 01.11.2002 pensioners. Why ? No body is there to represent the case. It was referred to the parliamentary committee and they agreed in principle. Why IBA can not suggest it and automatically extend the benefit to the senior bankers who toiled for growth of the industry to this level.
Hence I earnestly request the top echelons of the government to be liberal in the matter of bank employees wage revision and do justice .
I also request you to instruct IBA suitably to immediately accept full DA neutralization to pre 01.11.2002 pensioners.
K BALASUBRAMANIAN RETIRED SEBNIOR MANAGER VRS 2000 PENSION OPTEE
Most bank officers/ employees are not willing to come out openly. But every body is cursing the unions /associations for their hide and seek game to make the employees and officers feel that their needs are looked into and every thing is because of the unions/ associations and without them nothing. Fear of victimizations, fear of double establishment, fear of denial of promotions,are compelling them to wait and watch. They also understand very well, VRS retirees can come out openly but not serving officers.
Family is behind them, what they can do?
Dear workplace bullying
Now you catch the my point.
Don't worry one time these fear will also gone from memebers and then all our selfish leaders will understand value of members.
And main thing is that now days no value of unions and associations in banks,Its realy true,They loose their charm.And have some that they used for special members only.Bank job will being more and more critcal,then come out from fear of transfer and other.
GOD IS GREAT.
I write here has not meaning with settlement,Its realy true.Either anyone accept it or not.Its true in any kind.
We have also same complaint for IBA this time.But What can We do When our leaders are not capable.
And It proved history itself,
Which Army's captain is not capable they lost 50% war before start.
I know some special members not like my comment.Please sorry in ADVANCE.
I will continue on my stand evenafter settlement.Its not come out due to delayed of settlement,but its provide right time to aware friends.
Leaders have Buffalo skin,it has no sens.Afterall happening and wrriten here they are not ready to disclose anyhing.
Now you should be think WHAT IS THEIR Intentions?
UFBU ASSURANCE: 'YOU WILL GET BETTER THAN SIXTH CPC' !
Re: Bank employees wage revision- Nineth BPSThursday, 20 August, 2009 8:35 AM
From: "C H VENKATACHALAM"
To: "CHANDAN DATTA"
Dear,
First of all, please let us know your name, bank, branch and other details and which union you belong to. Because all our unions are expected to inform you the correct position.
Firstly, 17.5% does not include the pension cost of pf optees. That will be an additional 6.05% over 17.5%. Thus total will be 23.55%.
Secondly, if Govt. employees salary is better, IBA/Govt. have offered that package to us. Please let us know whether we can adopted that package for banks.
Banks offer is Rs. 4815 cr + 1260 cr for pension option = 6075 cr per year for 7 lac employees that next wage revision from 2012.
6th Pay commission wage increase cost is Rs. 12,561 cr. per year for 35 lac employees and next wage revision is 2016.
Hope you understand
C H VENKATACHALAM
AIBEA
On Thu, Aug 20, 2009 at 12:52 AM, CHANDAN DATTA wrote:
Bank employees wage increase 17.5% including pension load for p.f. optees, pushed the attraction of a bank job far behind than that of a central government job, while compairing stress & strain involved between these two. Definitely unemployed will join in bank for employment, but not brains as it used to be happened in the days of Eighties & Nineties.One should observe that the so called wage hike every five years in banks have been quite minimal during the past decade or so whereas in central govt. there has been a quantum jump this time. As matters stand today the pay package in central govt. is quite high when compared with similar posts in banks. So naturally people who have other choices in hand will not join banks any more. And one should know that in banks now a days people have to toil hard even beyond ofice hours, that too being loaded with heavy risks all the time. In such a condition the present pay package wil not attract talents into banks.
Clarification given by Sri C H Venkatachalam is correct in respect of 17.50 % wage increase which is exclusive of pension load for PF optees.
Now start to send E-mail
to UFBU:
chv.aibea@gmail.com
IBA:
webmaster@iba.org.in
Hi Everybody !
What do u make of reply given Shri C H VENKATACHALAM to Chandan.
Can we believe that we are going to get better pay scales than 6th CPC ?
Dear Shri Venkatachalam,What you have stated is correct.The problem is there are 90% employees in the Central Govt whereas the banks are officer oriented.The number of substaff is miniscule and the average age of class iii employees is more than 50 years who are at the maximum of the grade.The banks are earning by leaps and bounds.In 2007-08,SBI earned net profit of Rs 67 billion,in 2008-09 Rs 91 billion and expected to earn Rs 110 billion in 2009-10 as per Shri O.P.Bhatt,Chairman of SBI.The solution lies in granting Rank Pay/Bankers Special Pay/Grade Pay to bank staff otherwise this offer of Rs 48 billion is unsatisfactory.Why stick to 17.5% of operating expenses of the period four years back when the banks are able to double their profit in five years.Let us have a share in hyper profits of the banks.
Sitendra Kumar
Chandan Sir...Now its you who can elaborate the note by Mr.Venkatchalam.to you...plz make every one clear that either bankers are going to get 17.5 % increase excluding the pension cost...if yes then what would be the actual earnings by the bankers both the PF optee and non PF optee...
Dear Chandan Sir,
Please let me know whether there is any clause like minimum service i.e one or two years after switching to pension option because I want to exit after exersing this pension option.
Referring Mitul 16, 2010 5:56 PM:
Dear Mitul,
This is a maths magic, presented by the UFBU Convener. Just see the statistics of Railway.
Group A: 8285
Group B: 7247
Group C: 873536
Group D: 521578
--------------------------------
Total: 1410646
Now tell me what is the average salary per employee in Railway? In Bank the average salary per employee is much higher. SITENDRAKUMAR said rightly "The problem is there are 90% employees in the Central Govt whereas the banks are officer oriented.The number of substaff is miniscule and the average age of class iii employees(clericals) is more than 50 years who are at the maximum of the grade"
Now I just repeat CHV's last line i.e. "Hope you understand" and add my my punch line "But in your way"
So come and let's sing:
Samajh samajh ke samajh ko samjho.
Samajh samajh ke samajh ko samajhna hi samajh hai.
Jo samajh ko samajh kar bhi na samajhe
Voh....kya hai? Nasamajh hai."
Thanks.
Referring prasad 16, 2010 8:56 PM:
Till now there is no such clause. But in service conditions there is a wide scope for Management not to accept VRS immediately on your application for the same on various pretexts, like staff shortage etc.
Thanks.
BADE MIYAKE BAD CHOTE MIYA KAHATE HAI KI:
--------------------------------------------------------------------------------------------------
Re: NINETH BPS- SALARY REVISIONTuesday, 25 August, 2009 1:33 PM
From:"pridip biswas" pradipbefi@yahoo.co.in
To: "CHANDAN DATTA" chandan79767@yahoo.co.in
Friend,
Bank employees wage increase is yet to be settled, so no comment on % increase.
25% or 40% wage increase for central govt. employees, as is being talked of, is not uniform for all cadres.
Huge discriminastions amomg employees are there in 6th pay commission report.
9.5 lac posts in subordinate cadre have been abolished.
While making comparison, antiemployee features of pay commission report should not be lost siight of.
Pradip Biswas
On Sun, 23/8/09, CHANDAN DATTA chandan79767@yahoo.co.in wrote:
From: CHANDAN DATTA chandan79767@yahoo.co.in
Subject: NINETH BPS- SALARY REVISION
To: "secretary@befi.in" secretary@befi.in
Date: Sunday, 23 August, 2009, 11:27 PM
Bank employees wage increase 17.5% pushed the attraction of a bank job far behind than that of a central government job, while compairing stress & strain involved between these two. Definitely unemployed will join in bank for employment, but not brains as it used to be happened in the days of Eighties & Nineties.One should observe that the so called wage hike every five years in banks have been quite minimal during the past decade or so whereas in central govt. there has been a quantum jump this time. As matters stand today the pay package in central govt. is quite high when compared with similar posts in banks. So naturally people who have other choices in hand will not join banks any more. And one should know that in banks now a days people have to toil hard even beyond ofice hours, that too being loaded with heavy risks all the time. In such a condition the present pay package wil not attract talents into banks.
UFBU CONVENER'S CLARIFICATION ON LOAD FACTOR:
Reply of Ch.VenkatachalamSaturday, 31 October, 2009 8:14 PM
To: "CHANDAN" chandan79767@yahoo.co.in
17.5 % INCLUDES THE NORMAL COST OF PF GRATUITY AND PENSION.
4200 + 2100 CRORES BEING GIVEN BY BANKS FOR PENSION OPTION WILL BE OVER AND ABOVE 17.5%
Ch.Venkatachalam
AIBEA
N.B: This email is a reply of CHV to one of my bank colleague, which has been forwarded to me.
If the leaders do not clinch the settlement, then all employees or some fresh representatives should file criminal cases against leaders in breach of contract.They had given us many circulars promising the settlement and settlement terms. As their declaration that the settlement will be finalised within 90 days, if it is not settled and the IBA and the unions come into some other unerstanding then members can file case saying that they have lost the faith on the leaders and now leaders do not have any manadate to represent them. Further things can be worked out and nmore militant and effective team can be selected throwing thes ineffective ones.Case can be filed for cheating and collusion and suppression of facts ,based on all the circulars they have issued regarding wage negotiation .
Information can be sought based on RTI as to what happened in these meetings, as public money is involved.
If a positive settlement is not reached,leaders should not be allowed to simply escape.They have to pAY the penalty. Members should stop paying membership fees.
Let new unions come. Let them settle positive.If ultimately chetaing is the result, why two cheatings-one by management and one by union? Only one-that of management is tolerable,at least they pay salary.
Best of Luack
IBA IS FOOLING THE UFBU LEADERS WHO IN TURN FOOLING GULLIBLE MEMBERS. NOW IT IS THE TURN OF MEMBERS TO FOOL THE LEADERS BY DENYING THE LEVY. IT MAY BE DIFFICULT TO DETHRONE THE INEFFECTIVE AND SHAMELESS LEADERS UNLESS THERE IS MASS REVOLT. IT IS LEARNT THAT ONE OF TOP OFFICE BEARER WANTS TO CONTINUE AND WANTS TO LEAD THE TEAM EVEN AFTER HIS RETIREMENT. WHAT A SHAME?
NOW IT IS UPTO MEMBERS TO DECIDE TO SHOW NON-COPERATION BY NOT PARTICIPATION IN THEIR MEETINGS, DEMONSTRATIONS. DEFY STRIKE CALL AND NOT TO PAY LEVY. THINGS WILL MOVE IN RIGHT DIRECTION AUTOMATICALLY.
One good condition prevails in SBI officers & workmen unions that no retired person can continue as an office bearer of the union, which very difficult to be noticed in AIBEA & BEFI affiliated unions in Nationalised banks. This creates unhealthy atmosphere in nationalised banks' rank and file. Why and what for this unhealthy practice???
WAGE TALKS BETWEEN IBA & 5 WORKMEN UNIONS will be ON 25th FEBRUARY 2010 AT 2.00 PM. TALKS WITH OFFICERS UNIONS WILL BE DECIDED SHORTLY. CONSTRUCTON OF BASIC PAY AND OTHER PREPARATIOSN ARE UNDER PROGRESS.
Anyone knows the detail of the Counter proposal submitted to IBA from officer's Association on 19th feb.please mention details of pay scale and other benefits submitted by the Association.
and what is the progress of workmen union proposal?give details of proposed pay scale and other benefits of the workmen.
Wage revision Talks
1) IBA invites Unions for Talks :
IBA has now fixed next round of negotiations with Officers' Associations on
25 2 2010 at 10.30. AM and with workmen Unions in the afternoon on the
same day at Mumbai.
2) Officers' Unions meet on 18 2 2010:
On 18th instant at the meeting of All the FOUR OFFICERS ASSOCIATIONS at
Mumbai, the issue of a common proposal on main frame issue of DPDA, HRA,
CCA, cost of Superannuation, medical aid and other items were takenup for
discussion.
After elaborate discussions the following proposals emerged:
a) A pay scale of Rs.15000 to 47400
b) A slight increase in HRA percentage;
c) to retain CCA without abolition at the present level without any increase;
d) On Superannuation with parity of existing and increased columns to be
insisted. Provision for SBI balancing to be decided as per UFBU decision;
e) Medical aid to be increased property without scope for rejection
by IBA by overloading;
It was agreed to workout the cost sheet on the basis of the above lines at Mumbai and to exchange details whereafter, the FOUR UNIONS will sign and submit a consensus proposal to IBA.
Further details will be informed in course of the next round of talks.
While details of scales/ stagnation increments etc. are still awaited, prima-facie it appears that the UFBU has worked out scales which disfavour senior officials. It will be quite unfortunate, if officers in Scale IV and above have to choose to resign membership of the Unions. Many of such members may have been members of Unions even for more than 2 decades. Let us hope that UFBU takes care of their interest also notwithstanding they are less in numbers.
If the news item regarding scale for officers which are coming, i.e. 15000-47400. It appears the band has a multiple of 3.16 as against 3.4 in earlier scale cleraly indicating disfavour to senior officers. I think its not proper. A proper balance needs to be maintained.
What ever may be the outcome, it is going to disappoint everyone in every possible manner. Though it not fair to have a comment now, UFBU is not going to cheer any body with this paltry increase after protracted discussions/negotiations for more than 28 months for a settlement which runs for 60months.
If this is the attitude of UFBU towards senior officers, I think it is very unfortunate. All officers of Scale-IV and above should resign from their respective association who are aprt of UFBU and form another association to safeguard their interest.
Dear Friends, a couple of bloggers have suggested officers of S.IV and above to resign from associations. No need. For, most of you must be aware that in bANKS, EXECUTIVES (s.iv & above upto VII)are not supposed to or allowed to be a member of any trade union. Hence for all these years, executives' salaries were advocated and increased through negotiations by the associations under Bipartite Settlements and the total load is taking care of such non-members too!
Dear Shri Iyer,
You are not right. Almost all scale iv & v are members of officers association in SBI, despite all threats. Sure, officers associations shall take care of their interest also.
All the blog members please note that unions or associations have to take care of majority of members. Banking industry is having more number of officers than executives. Almost in all previous settlements unions never did anything against the interest of executives.
Referring mohanlal52 23, 2010 6:36 PM:
Dear Sir,
Please let us know, whether there is any wage cut for scale- IV & V on the strike date or not, in SBI.
Thanks.
Ref. chandan 23rd Feb.
Yes there is wage cut for Scale IV & V officers also in SBI for strike as like any other officer/ employee. Thanks.
Referring February 24, 2010 6:28 AM Kundan:
If this information is true, then definitely SBI is ahead of Nationalised Banks on this count. Surprised to note senior blog members belong to Nationalised Banks are unaware of this fact.
Thanks.
Ref Chandan, February 24, 2010 9:41 PM
I think you shudn't have any doubt on this, as I am one of the Scale IV officer in SBI. Further in our Circle association 10 of the 15 executive committee members in officers association are from Scale-IV & V.
THANKS TO MR NADAF & CO'S INDIFFERENT ATTITUDE, THE TALKS WITH IBA BY OFFICERS' ASSOCIATIONS HAS COME TO A GRINDING HALT! TOMORROW LEADERS WILL BE MEETING TO DECIDE ON NEXT COURSE OF ACTION INCLUDING GOING ON STRIKE - NOT INDIFINITE ONE AS THEY FEEL IT WILL NOT MATERIALISE I.E. MEMBERS MAY NOT TAKE IT!
AFTER 28 MONTHS OF STRUGGLE, PEOPLE HAVE MADE A MOCKERY AND AS A RESULT WE ARE STANDING AT THE SAME STARTING POINT! GOD! WHERE ARE YOU? PLEASE DO SOMETHING!
ALL INDIA BANK OFFICERS' ASSOCIATION
Circular No.6/ V/2010 Camp: Mumbai
25-02-2010
TO
ALL UNITS/STATE COMMITTEES
Dear Comrades,
Discussions held between IBA and Officers Organisations
at Mumbai on 25th February 2010
Officers Organisations submitted our written proposals on the pay scale & allowances to Dr. Ramakrishna, Secretary, IBA. The same was explained later in the meeting to IBA during the meeting. In response IBA submitted two new proposals on revised pay Scale as under:
Proposal I: 15000 Incr. 600-700-800-900-1000-1100-1200-1300-54400.
Proposal II: 14200 Incr. 650-700-800-900-1000-1100-1200-1300-54400.
HRA: 6% - 7% - 8% CCA – Existing Rates & Quantum to continue.
Stagnation Increments: Additional as demanded by Officers Organisations not possible due to cost constraints.
Pension: Effective date to be from date of settlement only.
Pension Cost Calculation: IBA sticks to its methodology.
HRA & Hospitalisation Costs: IBA unwilling to consider request of Officers Organisation to rework these costs.
Pension Settlement: IBA to give draft agreement to Officers organizations shortly.
Residual Issues: Officers Organisations to submit list to IBA shortly.
Officers organization agreed to respond to IBA on these proposals in the next meeting.
No date has been decided for next meeting with IBA. IBA desires early finalization of exercise but its approach not very flexible/conducive for the same. Stalemate position continues on almost all major points, since IBA is refusing to consider our joint proposals.
AIBOA has made it clear that all proposals regarding Pension Costing like SBI Balancing, Cost of Pension and date of effect will be decided on the basis of UFBU decision as this issue is decided earlier through MoU with IBA.
Developments will be informed in due course.
/R. J. SRIDHARAN/
GENERAL SECRETARY
Today's dervolopment clearly indicates that there is no sanctity for MOU signed on 27.11.2009 by UFBU with IBA and the date can be extended to any number of days. Delay in finalization of settlement by one day or one thousand days makes no difference.This is an indication that unions are hand in glove with IBA. For calling indefinite strike also unions are hesitating. Next date of meeting also not known.
Members better forget settlement.
a game between iba and ufbu why u bankers are not protesting, better known to you people only, being exploited is worse than to exploit
We have achieved nothing except expenditure for UFBU/IBA. Our UFBU made a mockery of BPS. It is high time that Banking should be a part of Banking industry and our pay and perks may b decided under PRC.
Final day is also over by 25.02.10. IBA/UFBU have buried the MOU dt 27.11.09 unceremoniesouly. First one was on 25.2.2008 and now it is the turn for second one.
It is crystal clear that leaders have no plan to arrive into a final settlement as per MOU wthin the time frame or in near future.”Game” continues with much more vigor and arrogance against poor bankmen –working as well as retired.Repeatedly stating one thing or same thing in every meeting is meaning less.
Leaders should have courage,sincerity and honesty to accept or reject any proposals of IBA based on on its merit. If they found it is against the interest of employees they should have guts to reject and go for indefinite strike before financial year end, to force them to ink final settlement.
Is it possible?
It seems that surrendered leaders is now crawling when IBA asked to bend. Let leaders wait till IBA give them a date to hand over “Draft of Final Settlement “so that they can sign wherever they dictate, and later announce through all media on “Historic Achievements”made!!
Bank employees wage revision should be merged with central govt.pay commisssion as we are going to get nothing with these sycophantic leaders.We have beeen waiting eagerly whenever there is a meeting between iba and ufbu.Every time they are discussing the same thing keeping the members in dark.They are not giving the clear picture of the things that are going on.Hope that these leaders will not be there for the next BS.
v.suryanarayana
Source : AIBEA SITE
One more round of discussion on our wage revision took place today (25-02-2010) between IBA and 5 workmen unions’ viz. AIBEA, NCBE, BEFI, INBEF and NOBW.
Continuing the discussions of last round of meeting held on 9.2.2010, today we argued for one more stagnation increment to be made available for senior clerks and sub– staff and it was decided to workout the cost implication of the same. As regards cost of rationalisation of special pay, after our pointing out the number of clerks and sub-staff involved, the revised working resulted in substantial reduction of cost. This additional available amount can now be distributed to other heads like Basic pay, HRA, Transport Allowance, etc.
On the important issues like costing the existing cost of pension, date of effect of pension option, balancing the cost between PF and Pension, etc. IBA maintained their standpoints and we informed IBA that these common issues will be dealt by UFBU.
For the information of our Units and members, we give below the following tentative proposals on which discussions have taken place so far. These are subject to finalisation in further course of discussions and effort is being taken to reach conclusions on all the issues and to expedite the settlement.
1. Basic Pay:
Sub-staff: Rs. 5500 – 200/4 – 6300 – 250/5, 7550 – 300/4, 8750 – 350/3, 9800- 400/3 – 11000.
Clerk: Rs. 6200 – 400/3, 7400 – 500/3, 8900 – 600/4, 11300 – 700/7, 16200 – 1300/1, 17500 – 800/1 – 18,300.
2. Dearness Allowance: 0.15% of pay per slab over 2836 points of index.
3. HRA: CCA is being clubbed with HRA. Proposed HRA rates:
- Places with 45 lacs and above : 9.50%
- 12 – 45 lacs : 8.75%
- 5 – 12 lacs : 7.50%
- Below 5 lacs : 7.00%
4. Transport Allowance: Rs. 200 p.m.
5. Special Pay: To be revised upwards w.e.f. 1.11.07
Rationsalisation: Clerks (a) All those who are not getting any Special Pay to be paid Rs. 1000 p.m. with some mutually agreed limited passing powers.
(b) All those who are getting some Special Pay now, will be revised to Rs. 1500 p.m. with suitable increase in powers.
(c) Head Cashiers & Special Assistants: These posts will continue with higher Special Pay.
Sub-Staff: Special Pay to be revised upwards with minimum Special Pay of Rs. 350 p.m. to all.
6. It is proposed that, after such rationalization exercise, from 1.5.2010, Special Pay of Rs. 1000 for all clerical staff and Rs. 350 for all sub–staff will be added to the Basic Pay and Basic Pay will stand increased accordingly. Balance amount will be continued as Special Pay.
7. Medical Aid: Proposed at Rs. 2000 per year.
8. Hospitalisation: Under Discussions for improvements.
9. LFC: Under discussions for improvements. IBA has agreed that the present condition to avail 4 days leave while encashing LFC, will be deleted.
10. Part Time Employees: Those who are now in lump sum monthly wages will be upgraded to 1/3rd wages.
11. Washing Allowance: Will be increased to Rs. 100 p.m.
12. Cycle Allowance: Will be increased to Rs. 75 p.m.
13. Project Area Compensatory Allowance: Will be increased as under:
Group A: Clerks: Rs. 205
Sub-staff: Rs. 180
Group B: Clerks: Rs. 180
Sub-staff: Rs. 150
14. Split Duty Allowance: Will be increased to Rs. 125
15. Hill & Fuel Allowance: Same % rate on revised Basic Pay.
16. Halting / Diem Allowance: Being increased.
17. Income Definition for dependency: Rs. 3500 p.m.
18. Definition of family: To include physically challenged brothers and sisters with 40% disability.
19. Road mileage rate: Will be increased to Rs. 3 per km.
20. Breakage Allowance on transportation of personal effects:
Being increased to: (with receipt). Clerks Rs. 1120; sub-staff: Rs. 745 (Without receipt) Clerks: Rs. 745; Sub-staff: Rs. 560.
21. Special Leave for women employees: Within the entitlement of Maternity Leave, Special Leave upto maximum of 45 days will be granted for undergoing Hysterectomy operation.
22. Special Area Allowance: Will be improved.
23. Fixed Personal Pay: Will be increased suitably based on revised Basic Pay.
24. Professional Qualification Pay: Will be suitably increased based on revised Basic Pay.
25. Gratuity: Will be paid based on revised Pay (Basic Pay + Special Pay) or under Gratuity Act whichever is higher.
Comrades, it will be appreciated that most of the issues raised by us in the charter of demands have been covered so far. Some more issues still remain to be sorted out.
But it is important that the common issues like Pension cost, date of effect of option, cost balancing, etc are also sorted out before things are finalized. Attempts will also be made to further revise the Pay scales, subject to re-allocation of amount from one head to another.
Simultaneously, the process of drafting the pension option settlement is also being taken up. While these are positive features, we are concerned that on important common issues like pension costing, date of effect of pension option, balancing cost of PF and Pension, etc, differences persist between IBA and UFBU. These issues have also to be sorted out expeditiously.
While all efforts are being done to conclude the settlement, units and members are requested not to yield to unwarranted anxieties or misinformations.
Congratulation to Mr Nadaf,
You are the first person in the world history of trade union who is pressing hard to reduce the pay scale of officers from 54400 proposed by IBA to 47400 !
This means you are of the firmed view the present members will not be promoted in future so why should association allow higher pay for seniors !
And still you say that present pay structure is responsible for higher rate of attrition from PSBs.
God Bless You ! You are fit for becoming Finance Minister or atleast tax advisor for Government of India.
Keep it up and members will keep watching your "nautanki" indefinitly .
If anybody can answer the following questions it will be helpful to majority of members.
01.
When the settlement will be signed? Whether it is after 90 days or after 9000 days? Can anybody give a specific date ?
02.
What is the meaning of next ROUND of talks? Whether it is next round of talks OR next ROUNDS of talks continued for ever?
03.
Why unions deliberately avoid indefinite strike call particularly during March every year so that the matter can be dragged for one more year? What role they have?
04.
If date of settlement is postponed for another 10 years, whether the pension will be from that date? And if so why can't they postpone the settlement for ever? Because it will help IBA a lot.
Dear TJP,
Do you have any specific reason for singling out Shri Nadaf?
We have great trade union leaders asking for less wages for our senior officers than the Management is ready to offer!
If the leaders have their say, we shall all be poorer as compared to other employees, which does not even matter, if they can bring the pensioners at par with government pensioners.
Hats off to our brave and learned trade union leaders!
Mr.mohanlal52
Please first answered Mr.Shankar's Questions,All answers compulsory,write here and then you are free to on/off,top/bottom,left/right,over/under,behind/front for your Hat.
Please.....Please stop Blandish(चापलूसी).
Then also you can't stop yourselves to favoring failed,thick skinned,untrusted,sold,nontransparent,without guts for negotiation,not liable,cheater leaders then I have Test No.2
Please give Mr.Solmar's all 9 questions answers.All compulsory.
1)WHY THE STRIKE CALL IN THE MONTH OF MARCH 2008 WAS WITHDRAWN ?
2)WHAT HAPPENED TO THE MOU THAT WAS SIGNED IN MARCH 2008 ?
3)WHYA THE SETTLEMENT WAS NOT FINALISED BEFORE THE COMMENCEMENT OF LOKSABHA ELECTIONS? WHY THIS GOLDEN OPPOUTUNITY WAS LOST ? THIS SHOWS THAT OUR LEADERS HAVE LOST FORESIGHT.
4)WHETHER PENSION IS OPTION OR COMPULSION FOR ALL PF OPTEES ?WHEN YOU SAY OPTION IT SHOULD BE OPTION BUT THERE IS NO ANY COMMUNICATION ABOUT THOSE PF OPTEES WHO THIS TIME WILL ALSO OPT PF INSTEAD OFPENSION.(SOME PEOPLE ARE UNMARRIED,WIDOWED NAD THEY HAVE NO NOMINEE FOR FAMILY PENSION)HOW MUCH RISE THESE PEOPLE WILL GET WHEN THEY WILL OPT FOR PF.17.5% OR MORE.NO UFBU LEADER IS SPEAKING ABOUT THIS.THEY HAVE ASSUMED THAT EACH PF OPTEE WILL SWITCH TO PENSION OPTION.WHEN IT IS COMPULSION IT IS NOT AN OPTION.
5) IT IS ALSO EVIDENT THAT DURING 7TH AND 8 TH BP SETTLEMENTS LARGE CHUNK OF WAGE RISE WAS TRANSFERRED TO PENSION FUND IN DISGUISSED MANNER KEEPING COMMON MEMBERS IN DARK,IN CONNIVANCE WITH IBA/GOI TO MEET THE SHORTFALL/NEGATIVE BALANCE IN PENSION FUND WITHOUT KNOWLEDGE OF PFOPTEES.WHY PENSION OPTION WAS PRESSED HARD THAT TIME ?
THERE WAS NO TRANSPERENCY.NO LEADER FROM UFBU IS SPEAKING ABOUT THIS ISSUE,THEY ARE KEEPING MUM FOR THE REASONS BEST KNOWN TO THEM.BECAUSE OF THIS WE GOT PALTRY RISE OF 10/13 % IN PREVIOUS SETTLEMENTS.
6)WHY THE DEMAND FOR BONUS TO ALL DROPPED BY UFBU WHEN OTHER GOVT ORGANISATIONS LIKE LIC,GIC,RAILWAYS,POST OFFICE EMPLOYEEING ARE GETTING HANDSOME BONUSES.WHY UFBU IS KEEPING MUM ?
7)EARLIER THE SETTLEMENTS WERE FOR A PERIOD OF 3 YEARS BUT IN 6TH OR 7TH SETTLEMENT IT WAS AGREED TO EXTEND THE PERIOD OF SETTLEMENT TO 5 YEARS ONTHE UNDERSTANDING THAT 6 MONTHS IN ADVANCE BEFORE THE EARLIER SETTLEMENT EXPIRES UNIONS WILL PUT FORTH THEIR DEMANDS SO THAT NEXT SETTLEMENT IS REACHED IN REASONABLE TIME.WHAT HAPPENED TO THIS UNDERSTANDING ?THE THREE SETTLEMENTS INCLUDING THIS CURRENT ONE WAS STRETCHED TO 30 MONTHS AFTER EXPIRY OF EARLIER SETTLEMENT.WHAT WE HAVE ACHEIVED BY EXTENDING SETTLEMENT PERIOD TO 5 YEARS ? OR WHETHER THE SETTLEMENTS ARE STRETCHED TO GARNER MORELEAVY AMOUNT FROM
MEMBERS IN PROPORTION TO ARREARS ?
8)WHEN OTHER SECTORS/GOVT EMPLOYEES ARE GETTING HANDSOME RISE OF 40-50% IN SALARIES,WHY WE WERE OFFERED PALTRY RISE OF 10/12/13/15/17.5% AND AGAIN FROM 17.5 % TO 15/13 % BY IBA,IBA HAS MADE MOCKERY OF OUR DEMANDS AND TEASING US BY THROWING PIECE OF BREAD.
IN MAHARASHTRA MSEB EMPLOYEES GOT 30 % RISE IN THEIR SALARIES IN JUST ON DAY ,LITERALY ONE DAY BY GOING ON INDEFINITE STRIKE.
THE CASE OF JET AIRWAYS EMPLOYEES SHOULD HAVE BEEN A EYE OPNER TO OUR LEADERS.THESE SMALL UNION AND THEIR LEADERS HAVE SHOWN GUTS AND COMPELLED THE MANAGEMENTS TO ACCEPT THEIR DEMANDS.WHETHER OUR DEMANDS ARE UNJUSTIFIED OR OUR LEADERS HAVE NO GUTS.WHEN THESE THINGS WERE HAPPENING WHY UFBU LEADERS SAT BLINDFOLDED.WHERE IS THE POWER OF COLLECTIVE BARGAINING ?THERE IS TOTAL SURRENDER BY UNIONS TO IBA/GOI BECAUSE OUR LEADERS ARE UNDER OBLIGATIONS OF IBA/GOI.
9) WHO IS RESPONSIBLE FOR FAILURE IN HONOURING THE MOU SIGNED IN MARCH 2008.IBA HAD SHOWN DUST BIN TO THIS MOU.
Why are you spoiling our minds.One was enough.
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