This post is in response to the queries as to how the reduction of 16 slabs of Dearness Allowance(DA) for in-service employees in April 14 will affect the RBI Pensioners Dearness Relief(DR) in August 14. And whether there will be any increase of DR for Pensioners in Aug 14! The answer is pensioners may get 13-17 slabs…
Executive Committee Members of the Forum of Retired Employees of RBI, Chennai and the United Forum of Officers and Employees of RBI met RBI Governor separately at Chennai on 10th July 14. Present among others in the meeting were Sri R. Gandhi, Dy.Governor, Dr.Sadakkadulla, Regional Director (TN). The Forum of the Retired Employees requested the…
UFBU delegation met Finance Minister Shri Jaitley and submitted a memorandum on wage revision UFBU delegation met Hon’ble Finance Minister Shri Arun Jaitley on 27th June 2014 in his office in New Delhi and submitted a memorandum on Wage Revision. “Despite the fact that 20 months have passed since the negotiations began, no significant improvement has been…
Desperate wait for the Bank Employees ended on 13-6-2014 when the talks with IBA resumed after 3 months on account of political scenario in the country. But the result is more desperation! IBA offered 11% increase exclusive of other costs on retirement benefits, LFC, hospitalization expenses, etc. i.e. 1% more than the previous offer of 10%. UFBU rejected…
It is learnt from very reliable sources that United Forum Leaders met the Bank today morning and conveyed their approval in respect of Pension Updation etc. United Forum is likely to issue a circular soon. await the details. congrats! AIRBIOPF
“Govt’s response flows from ‘political’ level and their
original stand has been modified by Bank’s and his interactions”
UFBU’s circular No. 18 dated . 6-2-2014 is reproduced; ** TODAY’S CONCILIATION MEETING INCONCLUSIVE ** STRIKE STANDS *** OBSERVE 48 HOURS STRIKE ON 10TH AND 11TH FEBRUARY 2014 Subsequent to the call for 2 days’ All India Bank Strike on 10th and 11th February 2014, the conciliation proceedings were held today before Shri B.K. Sanwariya,…
Pre 97 RBI retirees are getting revised pension only on account of the stay granted by Mumbai high court -WP2403 of 2009-,although the bank had issued letters for making recoveries and in absence of the court orders helpless retirees were left with no alternative but to submit to huge recoveries . No organisation other than the court could have stalled the recoveries, and , as a consequence cause of updating Pension would have been lost for ever.
Process of merger of DA @ 4440 points as on 1-11-2011 – its impact on pay scales in Banks and RBI As per the UFBU circular the IBA has agreed to merge the DA @4440 index numbers( 1960=100)in the basic pay. To understand the merger process let us keep in mind; In last settlement DA was merged…
the latest DR rates effective Aug 13 for RBI Bank Pensioners are give below. Pensioners from RBI may check the whether the pension in Aug 13 is as per the revised DR rates. Even other Bank Pensioners who are not affected by the tapering of DR may also use the rates as per the date…
