Tuesday, February 1, 2011

Govt approves extra benefit of SBI staff in addition to 9th Bipartite.

Following are the exerts from SBI Officers' Association, Hyderabad Circle's website. An additional benefit of 6.5% of Revised Basic Pay as on 01.01.2007 is to be paid to SBI employees.
"............As a part of the first phase of the settlement, we are now happy to inform all our members that the government has conveyed their approval for disbursement of balancing amount to employees / officers as allowance. The details will be worked out by us with the Management and will be advised in due course. However, the tentative working indicates that the individual benefit accruing to our members would be 6.5% of their revised Basic Pay as on 01.11.2007. This is yet another glorious chapter in the history of our movement in terms of the quantum as well as the total percentage. 
 Comrades, thus we have been able to achieve the demands that we have raised with the IBA during Salary Revision negotiations. Our efforts are on with the Govt. and Management to improve superannuation benefits and also to extend it to earlier retirees. We shall advise the out come later........"
Click here for Detailed Circular 
Source : SBI Officers' Association, Hyderabad Circle.


chandan said...

In 7th bipartite, the incremental cost on pension is compensated to SBI employees/officers as 2nd SCA at the cost of poor pensioners of 7th bps.

Ram said...


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