contact us at wage.revision@gmail.com

Please send your views regarding wage revision process ,Undemocratic Union leaders, your working condition etc at wage.revision@gmail.com . You may or may not give your name / your bank's name.

Your suggestion/story/grievance will published in this blog. If you want to hide your name please mention in the mail.

Friday, January 22, 2010

Bipartite Talks with IBA(22.01.2010)

Bipartite Talks with IBA

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.

Monday, December 28, 2009

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

Thursday, December 3, 2009

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.

Tuesday, December 1, 2009

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 .

Friday, November 27, 2009

MINUTES OF THE DISCUSSSIONS HELD ON 27th NOVEMBER 2009

MINUTES OF THE DISCUSSSIONS HELD

ON 27th 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 27th November 2009

for MANAGEMENT For OFFICERS’ ASSOCIATION

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