Pension updation – a view
But, here we should not overlook the fact that reliance on bank’s circular or Regulation 5(2) would have become redundant had there been a specific regulation regarding updation of pension.
Wage revision-UFBU and IBA enter into an MOU
AS per MOU -the Minutes of the discussions held on 23″’ February 15 between IBA and UFBU , the undernoted salient features have been agreed upon. 1.The wage revision will be effective from 01.11.2012. 2.The annual wage increase in salary and allowances @ 15% which works out to Rs. 4725 crores on salary slip components. 3.The new scales…
Talks between UFBU and IBA-60.15% DA merger- Xth Bipartite settlement
As per UFBU , circular dated 12th Aug 13 the following points have been agreed to during the negotiations. 1. Date of effect: 1st November, 2012 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. 2. Merger…