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 24, 2015
Payslip Concept Clarification
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.
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