CIRCULAR NO.: GS: 2013: 026 Date:
18.08.2013
TO ALL OFFICERS PLEASE CIRCULATE
We furnish hereunder the communication
received from AIBOC for the information of all officers.
FRUITFUL TALKS WITH IBA
“Another round of bipartite talks took place
between IBA and UFBU on our demands for wage revision. We emphasized the need
for IBA to expedite and conclude the settlement in a time bound manner. We also asked them to react and respond to
the issues like date of effect for commencement of the revised wages, consumer
price index point up-to which Dearness Allowance is to be merged with basic pay
for construction of revised pay scales, quantum of wage revision, etc.
DATE OF
EFFECT: In response, the IBA agreed that the new wage
settlement would be effective from 1st November, 2012, i.e. the date from which
the 10th Bipartite Settlement is due.
MERGER
OF DA FOR CONSTRUCTING REVISED PAY SCALES:
IBA explained their constraints to consider merger of Dearness Allowance
at higher index points. After prolonged discussions and on the insistence of
the UFBU for merger of D.A at a higher level to enable construction of Pay
Scales in a reasonable manner looking to the Pay Scales of employees and
officers in comparable sectors, IBA agreed and conceded to merge Dearness
Allowance upto 4440 Consumer Price Index i.e. 401 slabs and construct new pay
scales accordingly.
INCREASE IN WAGE LOAD:
On the offer of the wage load increase, IBA wanted to study the cost
impact of the merger before responding. However, the UFBU reiterated its
demand that the offer shall be exclusive of superannuation cost and
improvements in other welfare measures. IBA indicated that the same
would be kept in mind by them.
REIUBURSEMENT OF HOSPITALISATION
EXPENSES: To our demand for 100% reimbursement
of hospitalization expenses incurred by the employees/officers for self &
family members, IBA offered introduction of Mediclaim policy facility under
which hospitalization expenses would be reimbursed by the insurance company
upto Rs. 2 lacs for sub-staff, Rs. 3 lacs for clerical staff and Rs. 4 lacs for
officers per year. Looking to the various implications, we said that a detailed
study is required on the contents of the scheme offered before responding.
MANAGEMENT’S ISSUES: The management’s issues like introduction of
cost to company method, Fixed Pay and Variable Pay concept were discussed and
UFBU has given its strong views against the same. However, the matter remained inconclusive.
COMPASSIONATE GROUND APPOINTMENT SCHEME: Another vital issue, much dearer to all the
bank employees, which is relentlessly being pursued by the UFBU is restoration
of compassionate appointments in the Banking Industry. IBA informed us in
today's meeting that its recommendations for introduction of compassionate
appointment scheme on similar lines prevailing in Central Government for its
employees has been sent to Ministry of Finance, Govt. of India for its
approval.
Friends, we could arrive at conclusion on two
vital issues i.e. date of effect and merger of dearness allowance. We
thank the team of the Negotiating Committee of IBA for this forward movement in
the discussions.
The date for the next round of discussions
will be decided in due course.”
We will keep you informed of the
developments.
WITH GREETINGS
Yours Sincerely,
Sd/-
(A.R. SAIFULLAH)
GENERAL SECRETARY
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