January 31, 2015
January 29, 2015
January 27, 2015
DA For Bank Employees
DA for Bank Employees
Quick Upates 31 dec 2014. Some thing unusual, CPI based on which DA for Bank Employees is fixed is stagnant for the past four months. ( At 253 ).As far as DA increase for Employees of Public Sector Banks for FEB 2015 is concerned the data is now released for two monthsOctober 2014 – 253November 2014 – 253DA for bank employees for FEB 2015 may not decrease drastically.CPI for October 2014 released – 253 CPI is constant for the past 3 months August, September and october at 253, fingers crossed, DA for bank employees may decrease sharply for FEB 2015Quarterly DA for Bank Employees from 2008PeriodDA % for Bank Employees
Nov,Dec,Jan 2008 6.00
Feb,Mar,Apr 2008 8.25
May,Jun,July 2008 9.45
Aug,Sep,Oct 2008 12.60
Nov,Dec,Jan 2009 17.40
Feb,Mar,Apr 2009 19.95
May,Jun,July 2009 20.25
Aug,Sep,Oct 2009 23.10
Nov,Dec,Jan 2010 31.95
Feb,Mar,Apr 2010 36.75
May,June,July2010 39.60
Aug,Sep,Oct 2010 40.80
Nov,Dec,Jan 2011 46.20
Feb,Mar,Apr 2011 49.95
May,Jun,July 2011 52.80
Aug,Sep,Oct 2011 54.00
Nov,Dec,Jan 2012 60.15
Feb,Mar,Apr 2012 63.00
May,June,July 2012 64.20
Aug,Sep,Oct 2012 70.20
Nov,Dec.Jan 2013 76.50
Feb,Mar,Apr 2013 80.25
May,June,Jul 2013 84.15
Aug,Sep,Oct 2013 88.95
Nov,Dec,Jan 2014 96.15
Feb, Mar, Apr 2014 99.60
May,June,July 2014 97.50
Aug,Sep,Oct 2014 102.45
Nov,Dec ,Jan 2015 109.8
January 26, 2015
Total Offer in Hike as on 24.01.2015
To understand offer of improvement by IBA- Some of our friends are asking about hike , this is the offer of IBA I.e. 11% to 12.5%.
Last time it was 10.3% +7.2% I.e. pay slip increase+cost of superannuation benefits.Total 17.5%
Now the offer is 12.5% +12% Total 24.5%
Settlement Update 24.01.2015
Dear friends.. latest update about our settlements:
1) 12.5% offer (still negotiating with IBA for further improvement) by the IBA as on date is equivalent to Rs.3940 crores is only on payslip components (9th settlement 17.5% offer was inclusive of payslip components + all other expenditures - total of 3000 crores)
2) only for medical expenses in this settlement agreed by IBA is around 500 crores..
3) medical expenses for self & family 100% reimbursement by banks without any ceiling (previously it was 100% for self & 75% for families with ceiling)
4) petrol allowance for clerks also
5) improvement in leave conditions for award staffs
6) 60% increament in basic pay
7) 400 points (in 10th settlement alone) of DA merging with basic pay (7th + 8th + 9th settlement total da merger of points was 425 points..)
8) these things were achieved without compromising existing conditions
January 25, 2015
PROGRESS IN THE CURRENT NEGOTIATION
To-day's (24.01.2015) meeting in TNBEF was attended by a large number of comrades. Com Chv explained the progress in the current negotiations. I give below the details for your informations:
1 Hospitalization reimbursement is 100% for both self & Dependant.
2 There is no limit/cap for the tests etc.
3 Normal delivery charges is reimbursable up to Rs 35000/-
4 Cesarean delivery charges reimbursable up to Rs 50000/-
5 No limit for package treatment.
6 Hospitalization reimbursement even after retirement on payment of very nominal premium.
7 Paternity leave for 15 days twice in the service ( beneficial for young employees)
8 Un availed CL 4 days can be taken without MC.
9 PL leave apply period reduced from 30 days to 15 days.
10 Combined CL restriction of 6 days at a stretch is removed.
11 Rs 1 lac Ex gratia is permitted for meeting preliminary expenses in cases of serious ailments.
12 Full period of absence to those donate kidney is treated as leave with full pay.
13 Child adoption leave to be granted for 6 months out of maternity leave.
14 Leave for surrogacy child birth is permitted up to 6 months.
15 leave for hysterectomy increased from 45 days to 60 days.
16 Accumulation of PL to be increased to 300 days ( after referring)
17 Sabbatical leave to be extended to male employees
18 Study leave to be introduced
19 Leave Bank to be introduced wherein employees can donate leave(including Sick leave) to the needy employees
20 Extraordinary leave is increased
Other issues like Special Pay/Conveyance/Petrol/LFC etc will be finalised on 30th meeting. Increase in percentage load will be decided on 03 Feb 2015 meeting. AIBEA feels in case five day week is introduced, every day there will an one hour increase in working hours which will affect our (award staff) employees especially women employees, which further delays their reaching home in the evening hours.
PAY SLIP COMPONENT
PAY SLIP COMPONENT – WHY ARE WE TALKING ABOUT THIS IN THE TENTH BIPARTITE SETTLEMENT10th Bipartite Settlement we started hearing a new word. Pay Slip Components, suddenly IBA and UFBU both started talking about it. Want to know why my dear friends, here we go.In any bipartite , first thing that both parties would agree upon is the merger of DA and effective date of implementation, Next will be the percentage hike. Third and the most difficult one is distributing the same into various categories such asPay Slip Components: Most important, this is what we get every month salary what we call it, consists of Basic,DA,HRA,CCA, PQA,FPA etc.,Non Pay Slip Components: We can broadly divide them into two. a) Those settled under bipartite such as Medical Aid, Hospitalisation Expences, Halting allowance, LFC, Compensation on transfer. b) Other Allowances such as Petrol Limit, House Rent, Entertainment expences, Subscription allowances etc., which are negotiated by individual banks with their respective unions and associations.Superannuation benefits: Pension, Gratuity, PF contribution, Encashment of Leave at the time of superannuation etc.,Except Pension under superannuation benefits all others well defined and are same for all the employees and varies according to their service and cadre . But iIn case off superannuation benefits we have three categories of employeesPension Optees.PF oftees. ( Very few people are left in this category )New Pension scheme employees. ( They are yet to witness a Bipartite )The cost of for PF optees was 10% of their basic pay for all the bipartites. However The cost of the pension opetees was pegged at 26.5% of the basic for 7th Bipartite, 30.5% of the basic for 8th bipartite and 36% for 9th bipartite.Here is the tricky point, for PF optees Banks contributed 10%. For pension optees IBA has forced the employees to share the “ incremental cost “ i.e over and above 10% basic pay by the employees. ( All the employees including who had opted for PF ) The “ incremental Cost was shared by all the employees in the following mannerDuring the 7th Bipartite, IBA requested the Unions to bear additional cost on pension on account of increase in basic pay, in 50:50 proportions over and above 10% of pay. The additional cost on pension, on account of increase in basic pay was estimated at 26.5% of the pay. Excluding 10% of the share of the employees, remaining 16.5% cost was shared in the ratio of 8.25 / 8.25 each, by Unions and Management. during 8th Bipartite, incremental cost on pension on account of change in basic pay was estimated at 30.5% of pay. Excluding 10% share of employees, remaining cost was shared in the ratio of 11.25% and 9.25% by the Management and Unions respectively.In the 9th Bipartite, incremental cost on account of salary revision is estimated at 36% of pay and in excess of 10% contribution by the employees, will be shared in 50/50 ratio at 13% each, by the Unions and the Management.For the shortfall in the pension fund of pension optees all other employees have contributed by accepting to bear the incremental cost. Other wise, PF optees should get more salary than pension optees as superannuation benefits were less. ( 26 % of basic pay for 9th bipartite which is really huge ).Now for tenth bipartite settlement another group was added NPS ( New Pension Group ), the group which is very active, dynamic, courageous. They are not like us, who were silent, paid twice for the pension what ever they have demanded.Now there is no other way, IBA / Banks have to contribute total retirement benefits by themselves,as they cannot differentiate three different group’s of employees, which leads to total confusion and chaos, as there are already court cases against 9thbipartite, so they are talking of pay slip components.For simplicity and easy understanding I am posting the following exampleFor Officer BASIC DA Total Salary SUPERANNUATION TOTAL BENEFITS AMOULMENTSPENSION OPTEES 14500 15921 30421 3770 35641PF OPTEES 14500 15921 30421 1450 31871NPS 14500 15921 30421 3042 33463
January 24, 2015
Payslip Concept Clarification
I feel there is utter confusion amongst the members
about the Pay Slip cost as a result youngsters are
not being guided properly about the amount of
likely rise in the Salary. Many of the friends in the
group wanted to know the concept so I have made
an attempt to explain it.
I would like to share with friends that components
of pay slip cost include (Basic Pay+ FPP (Fixed
Personal Pay)+PQP (Professional Qualification
Pay)+ Special Pay, DA (Dearness
Allowan...ce)+HRA (House Rent Allowance)+CCA
(City Compensatory Allowance).These are the
regular payment made to employees and generally
comprised of so called Pay Slip of Month.
There are also other costs which are not included
on Payslip but paid to employees like cost of
Superannuation i.e. Provident Funds, LFC, NPS,
Gratuity, Medical reimbursement etc.
The wage load is calculated on the basis of the
cost as on 31st Mach of the year of revision. In
present case whatever increase being offered is on
the of pay slip cost as on 31st March, 2012.
In 9th Settlement pay slip cost was 10.30% out of
17.50% in increase in Establishment cost.
I am sure this information may help friends to
understand the concept..!!
January 22, 2015
UFBU & IBA TALKS RELATED 10 TH BI PARTITE
07.01.2015:Meeting No.15
Discussions continued today with IBA. UFBU insisted on further increase over 12.5%. IBA wanted some more time. Sub committees formed to deal with other issues like medical scheme, 5day banking, regulated working hours, pension issue etc. Next meeting to be fixed soon.******************************************************
06.01.2015: Meeting No.14IBA has comeup to 12.5% ,talks to continue tomorrow.Proposed strike on 07.01.2015 deferred.
******************************************************
05.01.2015: Concliation meeting at
******************************************************
17.12.2014:In the conciliation meeting arranged no improved found, hence UFBU meeting decided:
13.10.2014: UFBU meeting at Bangaluru today:
Decisions taken:
Rallies/Demonstration: 30.10.2014
Countrywide Strike: 12.11.2014
Relay/Regionwise strikes on:
02.12.2014=>Sothern Region
03.12.2014=>Northen Region:
04.12.2014=>East and North East Region
05.12.2014=>Western Region
( One day in each region)
***********************************************************
26.09.2014: Meeting No.13
reluctant to improve earlier offer of 11 % wage icrease.
UFBU decides for agitation including strike on 28th oct. 2014
*IBA agreed in principle for
nutralisation on D.A for pensioner.
*IBA insisted for Mediclaim policy for medical reimbursement system.
Unions agreed to consider in principle with modification
**********************************************************
In order to find amicable solution,
U.F.B.U. INDICATED FLEXIBILITY
on its demand of 25%
provided
I.B.A. revise its offer substantially and also settle other issues.
IBA told they would hold meeting
in the next week (23rd) and respond.
A nine member delegation representing all the constituents of UFBU met Shri Arun Jaitley, Hon’ble Finance Minister, Government of
call for detail report on the developments of wage talks with IBA from the Departmental Secretary and give suitable advice in the matter.
A nine member delegation representing all the constituents of UFBU met Shri Arun Jaitley, Hon’ble Finance Minister, Government of
call for detail report on the developments of wage talks with IBA from the Departmental Secretary and give suitable advice in the matter.
13.06.2014: Meeting No.11
UFBU demanded 25% increase in pay slip cost(on Gross salary).
IBA offered only 11%.
UFBU rejected the offer.
UFBU will decide further course of action shortly.
14.03.2014: Meeting No.10
UFBU raised today
1.Switchover from NPS to old pension scheme for new entrants,
2. 5days working,
3. Pension,
4 . Hospitalisation improvement,
5. Housing facility etc.
along with higher wage increase.
IBA wanted time.No improvement today.
Next talks expected after 15th Feb.
********************************************************
23.12.2013: Pursuant to the massive success of our strike action on 18th December,2013, a meeting of UFBU was held in
observing strike for 48 hours starting from 6.00 a.m. on 20.01.2014
to 6.00 a.m. on 22.01.2014;
IBA offered only 5% increase.An act of insult, & fuel to fire.
UFBU rejects offer.Strike stands.
March on to 18th strike.
Bank Employees Strike date on Wage revision
changed to 18.12.2013
(Reason: earlier date 19th is a holiday in some states)
ONE DAY STRIKE ON 7th JANUARY 2015
FOUR DAYS STRIKE FROM 21st JANUARY to 24th JANUARY 2015
and if the issue remained still unresolved
INDEFINITE STRIKE FROM 16th MARCH 2015
*********************************************************
IBA's attitude is negative,
17.09.2014: Meeting No.12
Talks on wage revision:
*****************************************************************
Aug.2014: NCBE met Shri Rajnath Singh, Hon'ble Home Minister at New Delhi India
********************************************************************
05.08.2014: Delegation of NOBW /NOBO/AIGBWO and AIGBOO under the leadership of Gen. Sec. BMS and Financial Sector Incharge met with Hon'ble FM and discussed following issues : Resume 10th BP talks with IBA immediately, Compassionate ground appointment, Pension issues , formation of National Rural Bank of India, HR and IR issues of RBI and IDBI Bank and Deposit Collectors. FM assured to sort it out immediately.
***************************************************************************************************************
27.06.2014: UFBU MET FINANCE MINISTER
***********************************************************************************************************
10th B.P.S.: Todays talks:
***********************************************
In today's meeting with IBA, pension related issues and improvements in some of the other service conditions as per our charter of demands have been discussed. No discussion on wage held today.The next round of talks in the middle of April.
****************************************
03.03.2014: Meeting No.9
In talks with IBA,
******************************************************
06.02.2014: Conciliation Meeting arranged by CLC @ New Delhi
failed to move talks further,as IBA sticks to 10% increase only.
UFBU DECIDED TO GO AHEAD WITH STRIKE ON
10&11 OF fEB 2014.
***********************************************************
27.01.2014: Meeting No. 8
UFBU calls for strike on Feb10&11, as IBA increased offer to 10% only.
17.01.2014: Meeting No.7
IBA offered 9.5% increase on "Pay slip cost" and next meeting
date is fixed on 27.01.2014.
UFBU decided to differ strike programme on Jan.20&21 in vuew od the increased offer.
******************************************************
It is decided that UFBU shall continue the agitation and announced the following programmes.
**Two days’ All India Bank Strike on 20.01.2014 & 21.01.2014 by
****************************************************************
14.12.2013: Meeting No:6
Today's talks on wage revision:
**************************************************
01.12.2013: UFBU informs:
*************************************************
22.11.2013: UNDUE DELAY IN WAGE NEGOTIATIONS
UFBU DECIDES ALL INDIA
****************************************************************
11.10.2013: Meeting No:5
Issues discussed : Medical Insurance,5 day week, CTC concept, Compassionate appointment,
D.A. formula based on 2001 index, % Increase in wages etc.,
IBA has not come out with any quantum of wage increase as they have not received mandate.
UFBU rejects CTC concept and new Medical Insurance Scheme initiated by IBA.
UFBU decided to go for agitation programme pressing speedy wage talks.
************************************************************************
12.08.2013: Meeting No:4
Talks on wage revision:outcome:
1.wage increase:Date of effect from 01.11.2012
2. Merger of D.A. points with Basic Pay @ 4440
3. Welcome move on Compassionate appointment.
4. Mediclaim Policy proposed by IBA instead of hospitalisation reimbursement.
**********************************************************************
07.08.2013:
UFBU met Finance Minister and pressed for speedy conciliation of wafe talks and on other issues.
***********************************************************************
07.06.2013: Meeting No:3
In today's meeting UFBU suggest wage revision talks should be completed in a stipulated time . Increase in wage should be implemented from 01.11.2012. Wge increase offer should exclude pension cost, terminal benefit, hospitalisation cost. D.A at 4876 points (sep 2012) should be merged with Basic pay.
IBA explained their issues like C to C, wage talks upto Scale 3 only etc., It will inform the offer % of increase in the next meeting after consulting Govt., Also IBA offer to merge D.A at point for year 2009.
*************************************************************************************
22.04.2013: Meeting No:2
10 th B.P.S talks:
In today's meeting IBA tabled the statistics about current staff expenditure and also their issues( their demand). Next meeting may be held in the middle of May 2013. In the meantime UFBU will meet and discuss the issues raised.
*************************************************************************
02.03.2013:
10th BPS talks update:
Meeting scheduled on 04.03.2013 postponed.
Next date will be announced later.
*******************************************************************
22.02.2013:
First meeting on 10th BPS held today between IBA and UFBU>
It is formal and introductory in nature. Next meeting fixed on 04.03.2013.
*******************************************************************
09.02.2013:
First meeting of 10th B.P.S between IBA and UFBU
will be held on 22.02.2013 .
********************************************************************
02.02.2013:
Charter of demands on wage revision:
The meeting of UFBU TODAY took note that most of the Banks have given their mandate to the IBA for negotiating with the unions on the charter of demands for revision of wages and service conditions. The meeting further took note that the IBA is collecting the data from all the banks relating to numbers of employees, stage wise details, which would be the basis for making calculations on load, Item wise cost etc. In the meantime, it was expected that the IBA would commence the formal negotiations with the unions but IBA has not fixed up the date for the same. Having regard to the need for early wage revision, the meeting decided to address a letter to the IBA to commence the negotiations immediately
********************************************************
01.01.2013:
Bi-partite talks is getting delayed to start. Why?
Still many banks have not sent their mandate to IBA to negotiate on their behalf with UFBU. Will the Bank managements act fast, so that the talks may begin at the earliest?
****************************************************************
30.10.2012:
5 Workmen unions and 4 Officers Unions today met IBA and submitted their Common Charter of demands for the 10yh B.P.S.and 7th Joint note.
*******************************************************************************
19.10.2012: UFBU will meet IBA on 30.10.2012 to submit Common charter of demand of both Officers and Award Staff Employees for 10th B.P.S.
****************************************************************************
29.09.2012: 5 workmen Unions finalized Common APPROACH and draft Charter of Demands for 10th B.P.S in their meeting on 27.09.2012 and decided to meet IBA chairman in October 2nd week and hand over the charter of demands.
*********************************************************************************
Aug 2012: Charter of demand for 10th B.P.S. by AIBEA,BEFI,NOBW,NUBE
RELEASED.
*********************************************************************************
06.07.2012: Common Charter of Demands: The meeting(of UFBU) decided that all
Constituents are to be ready with their respective Papers for
preparation of the Common Charter
by the end of this month and the same will be finalized for submission
before IBA by August 2012.
*********************************************************************************
06.07.2012: Com. P.K. Sarkar , President of AIBOC was elected as convener
of UFBU in yesterday's meeting.
(in place of Com.Nadaf/C.H. Venkatachalam.)
He will be the chief negotiator of 10th bipartite with IBA
*********************************************************************************
13.05.2012: NCBE has finalised its charter of demand in its National Executive Committee
*********************************************************************************
04.05.2012: AIBEA has formed a Sub-Committee to formulate charter of demand
for 10th Bipartite settlement.
*********************************************************************************
17.04.2012: BEFI has prepared a draft proposal on 10th Bipartite and has sent to state units
*********************************************************************************
21.03.2012: UFBU MEETING DECIDED TO HAVE DISCUSSION ON
"FORMULATION OF CHARTER OF DEMAND FOR 10th BIPARTITE",
SOMETIME IN APRIL2012
.....G.D. NADAF /AIBOC ELECTED AS NEW CONVENER OF UFBU.
********************************************************************************
06.07.2012: Com. P.K. Sarkar , President of AIBOC was elected as convener
of UFBU in yesterday's meeting.
(In place of Com.Nadaf/C.H. Venkatachalam.)
He will be the chief negotiator of 10th bipartite with IBA
*********************************************************************************
13.05.2012: NCBE has finalised its charter of demand in its National Executive Committee
*********************************************************************************
04.05.2012: AIBEA has formed a Sub-Committee to formulate charter of demand
*********************************************************************************
17.04.2012: BEFI has prepared a draft proposal on 10th Bipartite and has sent to state units
*********************************************************************************
21.03.2012: UFBU MEETING DECIDED TO HAVE DISCUSSION ON
"FORMULATION OF CHARTER OF DEMAND FOR 10th BIPARTITE",
SOMETIME IN APRI 2012
.....G.D. NADAF /AIBOC ELECTED AS NEW CONVENER OF UFBU.
Subscribe to:
Posts (Atom)