Talks held today morning between 5 workmen unions and IBA. The outcome of the today’s meeting is in favour of Bank employees. In today’s meeting, after detailed discussions, final understandings have been reached on the various service conditions and charts on distribution of the total increase of Rs. 2577 crores to various heads has been finalized.
It has now been finalized and decided that the next meeting will take place on 7th April, 2010 when the draft settlement will be taken up for finalisation.
With today’s talks with IBA the final settle regarding Bank employees wage revision have been sorted out.
The full detailed of the talks held today can be checked from here…..
Final understandings with IBA
Today (03-04-2010) morning, as informed earlier, we had another round of talks between our five workmen unions and IBA. In today’s meeting, after detailed discussions, final understandings have been reached on the various service conditions and the chart on distribution of the total increase of Rs. 2577 crores to various heads has been finalised. It has now been decided that the next meeting will take place on 7th April, 2010 when the draft settlement will be taken up for finalisation. It has been further decided that after finalising the draft settlement, the signing of the same should be completed by middle of April, 2010.
Comrades, it is a major step today that we are nearing the final settlement. We urge upon our members to remain patient at this crucial hour as we are aware that many misinformed and misguided individuals are trying to create confusions and disaffection. Remain united, remain alert to keep such attempts at a distance.
The Information on Final Settlement Signed today on 27th April,2010 can be checked from here………….
Congratulations to all of you,
Final understandings!
1. Scales of Pay:
Clerical Staff: 6200 – 400 x 3 – 7400 – 500 x3 – 8900 – 600 x 4 – 11300 – 700 x 7 – 16200 – 1300 x 1 – 17500 – 800 x 1 – 18300.
Substaff: 5500 – 200 x 4 – 6300 – 250 x 5 – 7550 – 300 x 4 – 8750 – 350 x 3 – 9800 – 400 x 3 – 11000.
2. Stagnation Increment:
Clerical: 7 stagnation increments (800 x 6 once in 3 years & 800 (7th) after 2 years)
Substaff: 7 stagnation increments (400 x 7 once in 2 years)
Extended Pay Scales: (With Stagnation increment)
Clerical: 6200 – 18000 – 23900.
Substaff: 5500 – 11000 – 13800.
3. DA: 0.15% per slab over 2836 points.
4. HRA:
a) Places over 45 lacs : 10%
b) 12 to 45 lacs : 9%
c) 5 to 12 lacs : 7.5%
d) Below 5 lacs : 7%
5. Transport Allowance: (For Clerks and Substaff)
Upto 15th Stage: Rs. 225 per month
16th Stage and above: Rs. 275 per month
6. Special Pay:
For November, 2007 to April, 2010: Existing Special Pay will be revised and arrears paid for both clerks and subordinate staff.
From May, 2010 – For Clerks
- Present No Special Pay holders : Rs. 1000/-
- Present Special Pay holders : Rs. 1500/-
- Head Cashier II : Rs. 1780/-
- Special Assistant : Rs. 2180/-
(Note: Out of this, Rs. 1000/- will be added to Basic Pay and balance will continue as Special Pay.)
From May, 2010 – For subordinate staff
- Present No Special Pay holders : Rs. 350/-
- Present Special Pay holders - Revised Special Pay
(Note: Out of this, Rs. 350/- will be added to Basic Pay and balance will continue as Special Pay.)
7. Fixed Personal Pay & PQP
Will be revised based on new basic pay.
8. Hill and Fuel Allowance:
a) Places – 3000 meters and above : 8% maximum Rs. 1295/-
b) 1500 – 3000 meters : 4% maximum Rs. 510/-
c) Over 1000 meters + Mercara : 3% maximum 410
9. Medical Aid: Rs. 2000/- per year
10. Hospitalisation Scheme: Being improved with revised schedule, etc.
11. Part Time Employees: (Lump sum)
(November, 2007 to April, 2010)
Upto 3 hours per week : Rs. 1030/-
3 to 6 hours per week : Rs. 1440/-
From May, 2010 : All will be brought to 1/3rd Scale wages.
12. Halting Allowance: Being increased
13. Washing Allowance: Rs. 100/- per month
14. Cycle Allowance: Rs. 75/- per month
15. Split Duty Allowance: Rs. 125/- per month
16. Project Area Compensatory Allowance:
Group A Centres /Group B Centres
Clerks : Rs. 205/- per month/Rs. 180/- per month
Substaff : Rs. 180/- per month/Rs. 150/- per month
17. Special Area Allowance: Being revised.
18. Reimbursement in Road Travel:
Actual road mileage cost or Rs. 3 per Km whichever is less.
19. Pension:
Another option will be given to all existing employees and those who have retired / died after pension regulation 1995 / 1996.
20. Gratuity:
Will be payable on revised Basic Pay from 1.11.2007
21. Provident Fund: 10% of pay from 1.11.2007
22. Definition of dependence under family: Upto monthly income of Rs. 3500/-
23. Compensation for losses due to breakage or damage to goods on transfer:
With Receipt/ Without Receipt
Clerks: Rs. 1120/- / Rs. 745/-
Substaff: Rs. 745/- / Rs. 560/-
24. Special Leave for Women:
Within the maternity leave entitlement, women employees can avail 45 days special leave for undergoing hysterectomy operation.
25. Effective Date: 1st November, 2007
Improvement in LFC:
Entitlement:
for Clerks – AC 2 Tier
for subordinate staff – AC 3 Tier
Distance:
For subordinate staff
Once in 2 years – 2500 km
Once in 4 years – 5000 km
For clerks
Once in 2 years – 2000 km
Once in 4 years – 4000 km
{ 4 comments… read them below or add one }
you do not feel shy in signing the historic settlement.the wage parity not maintained.how to get with in the society with this meager /poor pay .enormous profit is earned by the bank,only to see how their loyality and sincearly earned profit is spent in comm. and vandalism in parliament.britishers were better than this butcher politicians,rullers and sold union leaders.
How much amount will have to bear an Existing employee
at the time of joining pension option.
Is there any chances of signing the wage revision.
The Wage Revision can be signed on 27th April,2010…..
I checked out something comparable to this post at google news… I became interested and then began searching around, and landed at this page… anyhow, I feel that I mostly agree with what you talk about here. But I am going to go see what additional information I can look up as well.