As per the latesttalk between IBA and UFBU, the employees may get another option for pension.
IBA and UFBU have agreed upon the manner in which additional pension costs of Rs 6,000 crore would be shared for providing another opportunity to certain bank employees to opt for pension scheme.
While the banks would fork out Rs 4,200 crore, the employees/officers would come up with Rs 1,800 crore as their share. Earlier, the IBA was insisting that employees/banks should contribute about Rs 2,500 crore towards the additional cost.
With this decision on sharing of additional pension costs, it is now almost certain that about 2,70,000 existing employees/officers and 50,000 retired employees will get the benefit of another option for pension.
Earlier, in the mid- 90s, they had opted for provident fund as a retirement benefit, but later wanted to move to pension. They are being given one more chance to opt for pension.
Source : UCO Bank Employees' Union, Tamilnadu.
Thursday, June 11, 2009
Wednesday, June 10, 2009
Madhya Pradesh State Pay Commission to submit report by June 30
Click here for Update on 2.11.2011 (Agarwal committee recommendation)
The State cabinet chaired by Chief Minister Shivraj Singh Chouhan here today decided to include the subjects pertaining to submission of report after consideration by the State Pay Commission in the light of the recommendations of the 6th Pay Commission set up by the Central government and the state government's resolution of September 10, 2008.
Accordingly, the State Pay Commission headed by AK Agrawal would fix the emoluments including pay structure, allowance and fringe benefits for the employees of the local bodies and the statutory bodies constituted by the state government. The Commission would also consider the need for continuing the separate pay allowance and service conditions for the work charged employees and the staff drawing salaries from contingency fund. It would also consider measures to modernise the institutions of the state government and to make them more professional.
The Commission would give suggestions for making the service provider institutions in the field, to make the employees more citizen-friendly and to make them accountable to the representative institutions of the local communities. The Commission will go into discrepancies in the pay scales of different cadres in the light of the recommendations of the 6th Pay Commission set up by the Central government and the notification issued on February 28, 2009 by the Finance Department of Madhya Pradesh and solve them besides giving suggestions on fixation of salary and other benefits.
The State Pay Commission would make suggestions regarding re-fixation of pension of the pensioners of the state in the light of the recommendations of the Pay Commission set up by the Central government. It would also make suggestions regarding incentive/reward for employees to maintain their efficiency.
While making its recommendations the Commission would keep in mind the economic condition and vigilant management of public finances and financial resources of the state as well as the demand in view of its economic development and other related factors.
The Commission would fix relativity in the pay scales for different services with a view to attracting efficient and competent people to concerning services as part of efforts to make Madhya Pradesh a modern, well governed and developed state.
The Commission would submit its report by June 30. If necessary, it would submit interim report on the recommendations that have been finalised. The cabinet also decided to grant five years relaxation in the age limit prescribed for the appointment on the post of naib tehsildar from postgraduate patwaris/revenue inspectors.
Source : Central Chronicle.
The State cabinet chaired by Chief Minister Shivraj Singh Chouhan here today decided to include the subjects pertaining to submission of report after consideration by the State Pay Commission in the light of the recommendations of the 6th Pay Commission set up by the Central government and the state government's resolution of September 10, 2008.
Accordingly, the State Pay Commission headed by AK Agrawal would fix the emoluments including pay structure, allowance and fringe benefits for the employees of the local bodies and the statutory bodies constituted by the state government. The Commission would also consider the need for continuing the separate pay allowance and service conditions for the work charged employees and the staff drawing salaries from contingency fund. It would also consider measures to modernise the institutions of the state government and to make them more professional.
The Commission would give suggestions for making the service provider institutions in the field, to make the employees more citizen-friendly and to make them accountable to the representative institutions of the local communities. The Commission will go into discrepancies in the pay scales of different cadres in the light of the recommendations of the 6th Pay Commission set up by the Central government and the notification issued on February 28, 2009 by the Finance Department of Madhya Pradesh and solve them besides giving suggestions on fixation of salary and other benefits.
The State Pay Commission would make suggestions regarding re-fixation of pension of the pensioners of the state in the light of the recommendations of the Pay Commission set up by the Central government. It would also make suggestions regarding incentive/reward for employees to maintain their efficiency.
While making its recommendations the Commission would keep in mind the economic condition and vigilant management of public finances and financial resources of the state as well as the demand in view of its economic development and other related factors.
The Commission would fix relativity in the pay scales for different services with a view to attracting efficient and competent people to concerning services as part of efforts to make Madhya Pradesh a modern, well governed and developed state.
The Commission would submit its report by June 30. If necessary, it would submit interim report on the recommendations that have been finalised. The cabinet also decided to grant five years relaxation in the age limit prescribed for the appointment on the post of naib tehsildar from postgraduate patwaris/revenue inspectors.
Source : Central Chronicle.
Tuesday, June 9, 2009
Bank Wage Hike :After talk with IBA, Strike call for 12TH JUNE 2009 deferred.
INDIAN BANKS ASSOCIATION (IBA) invited the unions of UFBU for a meeting today at 10.30 AM on the issue relating to Strike Call on 12.06.2009.
Explaining the stand of IBA, IBA Negotiating Committee Chairman, Shri M V Nair, Chairman & Managing Director, Union Bank of India, stated that IBA would like to expedite the wage talks and related issues. It is from UFBU, it was placed to the IBA that UFBU is not agreed to the New Pension Scheme (NPS) for the new recruits. We wanted the issue to be open for discussion after expiry of the present settlement, i.e., 31.10.2012 whereas IBA wanted 31.03.2010 as the cut-off for NPS. IBA said they would discuss and come back.
In respect of Compassionate appointment, IBA assured that they will talk to the Government and get the needful done.
On wages, UFBU placed its minimum demand of 20+% on wage rise. In that event, UFBU are agreeable to contribute Rs 1800 Crore for pension contribution.
After discussion, IBA has agreed to call the UFBU within a week and assured expeditious steps to clinch the wage revision issue.
In view of the positive nature of discussion, UFBU met after the discussion and decided to defer the strike on 12th June 2009 and await the outcome of the talks next week.
Source : ALL INDIA BANK OFFICERS' ASSOCIATION
Some more details about 9th June's talk.
The year-long argument between PSU banks and the employee unions looks like it’s finally come to an end. As a first step, the employee union has deferred the strike, which was scheduled earlier on June 12. The two parties have also almost agreed on the main issues like wage revision and pension regulations. The employee’s union has accepted that the old pension has to come to an end and proposed that employees who joined the banking industry after October 2007 should come under the new scheme. The Indian Banks' Association (IBA) wants those employees who have come after March 31, 2010 should come under the new scheme.
The two parties have still not come on an agreement on what their new pension schemes should be. The
On the second issue of wage revision, the employees are asking for 20% hike in wages. Whereas, the IBA, the body of banking industry, is asking for a 15% hike. Sources in the IBA tell us that the hike could be anywhere between 15-20% or so.
The other issue was on pension liabilities. The two parties have agreed to a pension sharing agreement with the employees agreeing to share pension liabilities worth Rs 1,800 crore and bankers agreeing to share around Rs 4,200 crore.
So these are the three main issues that the two parties have kind of agreed upon.
These issues will be discussed in tomorrow’s meeting with the Finance Minister and sources in the IBA inform us that a likely resolution of the negotiation is likely probably next week.
UGC Pay hike : Official Fitment Table
The Ministry of HRD has finally come up with the release of Official Fitment table for pay of teachers and equivalent cadres in Universities and collegesand also for the post of Registrars/Deputy Registrars.
The fitment table was a long standing demand for the fixation of pay and allowances for the existing incumbents , who were in position as on 01.01.2006 in various categories of posts.
View the Fitment Table.
AIFUCTO Press Release on the above.
The fitment table was a long standing demand for the fixation of pay and allowances for the existing incumbents , who were in position as on 01.01.2006 in various categories of posts.
View the Fitment Table.
AIFUCTO Press Release on the above.
West Bengal Govt. employees will get first installment of arrear in August,2009.
The Govt. employees are naturally very curious to know when they will get the lump sum arrear. In a Govt. Order dated 27.05.09, it has been made clear that they will get it on and from 1st August 2009.
"In terms of rule 12 of the WB S(ROPA) Rules, 2009, the arrears of pay and allowances during the period from the 1st April, 2008 to 31st March, 2009 shall be paid in cash to the employees in three consecutive equal yearly instalments beginning from the year, 2009–2010.
A question has been raised as to when the 1st instalment of the arrear pay and allowances will be released.
2. After careful consideration of the matter, the undersigned is directed by order of the Governor to state that the first instalment of arrear pay and allowances,calculated as per item 6 of this Department’s Memo. No. 2728-F dated 07.04.2009 will be paid to the State Govt.employees beginning on and from 1 st August, 2009..............................."
View the full order here.
"In terms of rule 12 of the WB S(ROPA) Rules, 2009, the arrears of pay and allowances during the period from the 1st April, 2008 to 31st March, 2009 shall be paid in cash to the employees in three consecutive equal yearly instalments beginning from the year, 2009–2010.
A question has been raised as to when the 1st instalment of the arrear pay and allowances will be released.
2. After careful consideration of the matter, the undersigned is directed by order of the Governor to state that the first instalment of arrear pay and allowances,calculated as per item 6 of this Department’s Memo. No. 2728-F dated 07.04.2009 will be paid to the State Govt.employees beginning on and from 1 st August, 2009..............................."
View the full order here.
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