Pension updation for RBI retirees – a test for RBI autonomy-S.S. Tarapore
We will be hoping against hope and 2016 may dawn with lesser number of pensioners needing updation.
UFBU pact with IBA – impact on Pension Updation for RBI retirees.
After the signing of 10th bipartite settlement, a bipartite record note about the issues of the retirees in banks has surfaced. Important points made by IBA in the Note and our comments in the matter are: IBA OUR COMMENTS 1. Demand of retirees can be examined only as a welfare measure, as contractual relationship does not…
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…
UFBU meets FM-seeks early wage settlement
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…
10th Bipartite talks fail-more desperation!
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…
Revision of wage settlement every 10 years -unacceptable says UFRBOE
Today the representatives of the UNITED FORUM OF RESERVE BANK OFFICERS AND EMPLOYEES met ED Sh. R.K. Gandhi and conveyed their strong resentment against the informal proposal floated by M/o finance to revise Pay scales of the staff every 10 years instead of existing 5 years. The proposal of Revision of Pay-scales every 10 years…
All India Bank Strike on 10th & 11th Feb.14 stands-UFBU
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,…
DA merger in Banks-impact
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…
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…