A silent protest demonstration was held at RBI New Delhi today morning at 8AM against M/o finance’s delaying tactics regarding decade old demand for revision of pension with every wage revision and opening of pension option. A large number of retirees and employees gathered at the main gate. RBI Governor Sh. Raghuram Rajan, sprang a…
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…
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…
1.All India Reserve Bank Retired Employees Association Mumbai, has convened a meeting of the CEC members in Mumbai on 6th and 7th March 14. Reporting on ” RESTORATION OF PENSION UPDATION “, is the first item on the Agenda circulated to CEC members. Needless to say. the pension scheme in banks needs a revision urgently. The…
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,…
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…
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…
