Bank Pay Hike Update : Details of Meeting with IBA on 28th Dec.

Further to the discussions held between the IBA and the Unions on 9 & 10th December, 2009 another round of bipartite discussions took place today at Mumbai between IBA and AIBEA / NCBE / BEFI / INBEF / NOBW. IBA was represented by their Core Committee headed by Mr. Jagdish Pai (ED, Canara Bank). All the 5 workmen unions were represented in the talks.

In today’s meeting, discussions continued on construction of pay scale, revision of special pay, allocation of cost of various items, cost of retirement benefits etc. From the unions’ side, we have emphasized that maximum possible cost to be allocated for construction of revised basic pay. Various suggestions and proposals were discussed in the meeting. However, the discussions have remained inconclusive since on some of the issues, the IBA team wanted to discuss the matter with the higher authorities before reacting to the unions.

It was decided to continue the discussions on the next round of talks for which dates will be fixed up shortly

ultimate solution for calculating arrear of Bank employee(officer, clerk,substaff etc)

Use this ultimate xls sheet to calculate the arrears of officers .

Solution for all the problem relating to arrears , new salary etc

http://www.2shared.com/file/9973081/8634e25c/Copy_of_Arrears-Worksheet-vers.html

Use this ultimate xls sheet to calculate the arrears of officers clerical and sub staff

http://www.2shared.com/file/9973131/640251a0/Bank_Arrear_2.html

Terms used in xls sheet.
FPP/FPA : Fixed personal allowance
FPP-PF /FPA-PF : Fixed personal allowance / Povident fund
PQA/PQP : Professional qualification allowance

Note : 1. Please check all the rows of "Old Basic" column of sheet "Fill Data" in Bank_Arrear 2
file.
2. After entering all the desired fields check sheet "Arrear sheet " in Bank_Arrear 2 file

Note : the results of arrears from two utilities may be different as the basic is not upto date.

New Salary of Bank PO after Wage hike

MS Office template for Bank PO's expected New Salary after 9th Bipartite Settlement

http://www.2shared.com/file/9595486/f2c0fee5/salary_as_per_9th_bipartite_se.html


MS Office template for Bank PO's old Salary before 9th Bipartite Settlement

http://www.2shared.com/file/9595490/2b86a91/salary_as_per_8th_bipartite_se.html

Just change your Basic and according to annual increment for Bank Officers .

MINUTES OF THE DISCUSSSIONS HELD ON 27th NOVEMBER 2009

MINUTES OF THE DISCUSSSIONS HELD

ON 27^th NOVEMBER 2009 between

IBA representing Management of Banks which are parties to the

Bipartite settlement and the Four Officers’ Association

viz., AIBOC, AIBOA, INBOC & NOBO on wage revision

Discussions were held between the Indian Banks’ Association representing management of Banks and the authorized representatives of Four Officers’ Associations viz., All India Bank Officers Confederation, All India Bank Officers’ Association, Indian National Bank Officers’ Congress and National Organization of Bank Officers on wage revision for officers in banks. After holding several rounds of discussions, the parties have mutually agreed as under:

1. The wage revision will be effective from 1.11.2007

2. The annual wage increase will be Rs.2239 crores

3. The additional cost of pension on account of wage revision in excess of statutory contribution of 10% of pay will be shared equally between management and employees [13% of pay each] and the share of employees so calculated will be deducted from the agreed wage increase while revising salary and allowances.

4. All other issues of the Management and Association discussed during the process of negotiation will be settled to the mutual satisfaction.

5. The parties will meet on mutually convenient dates to draw out a detailed Joint Note on the various issues on which consensus positions have been reached. The parties will endeavour to finalise the Joint Note within a period of ninety days from the date of this minute.

Signed on Mumbai on 27^th November 2009

for MANAGEMENT For OFFICERS’ ASSOCIATION

/sd/ /sd/ AIBOC / AIBOA/INBOC/NOBO

CONGRATS & RED SALUTES

CONGRATS & RED SALUTES

– UFBU SIGNS MINUTES WITH IBA

– ANNUAL WAGE INCREASE OF RS. 4816 CRORES FROM 1-11-2007

– ONE MORE OPTION FOR PENSION ACHIEVED

WE DEDICATE THIS ACHIEVEMENT TO THE MEMORY OF

COM. PRABHAT KAR ON HIS 25TH DEATH ANNIVERSARY DAY

Yes, today, 27-11-2009, is the 25th death anniversary of our great leader and doyen of

bank employees trade union movement, Com. Prabhat Kar. On this solemn day and during

the centenary year of this father of our movement, we deem it a befitting commemoration

and tribute to his life-long pioneering role in shaping up the service conditions of bank

employees that the Minutes have been signed with the IBA on our wage revision demand

and more importantly, securing another option for more than 3 lacs of

employees/officers/retirees to get the benefit of our unique pension scheme.

Salient features:

a) Annual wage increase of Rs. 4816 crores (Rs. 2239 crores for officers and Rs. 2576

crores for workmen employees) w.e.f. 1-11-2007.

b) All the existing employees who are now in PF scheme will be given an option to join the

existing pension scheme.

c) All those who have retired after the date of Pension Regulations till date will also be

given an option to join the pension scheme.

d) Full settlement on the above to be finalized within 90 days.

__________7th BPS ______ 8th _______ BPS NOW

Additional annual wage load 12.25 % 13.30 % 17.50 %

Total quantum of annual wage 1497 crores 2200 crores 4816 crores

increase (Officers & Workmen)

Annual Average Per Capita Increase:

Ø For Workmen employees 12,550 23,300 56,200

Ø For Officers 24,025 43,600 91,800

ONE MORE OPTION TO JOIN PENSION SCHEME- A UNIQUE ACHIEVEMENT:

– In 1993, after bitter struggles and against all odds, AIBEA and AIBOA achieved

pension scheme for bank employees. Today, once again, with the leading role of

AIBEA and AIBOA, another milestone has been anchored. More than 3 lacs bank

employees, officers and retirees will now get another option to join the pension

scheme to insulate themselves with this unique social security benefit. It is a very

commendable achievement indeed.

–