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 SOME PRACTICAL SUGGESTIONS FOR WAGE REVISION SENT BY A RETIRED BANKER

Mr. K BALASUBRAMANIAN retired senior manager under VRS 2001 scheme pension optee Indian Bank has sent the following e-mail : -

TO THE UFBU COMRADES

Chandan  has reproduced the copies of his two letters from two different organizations namely AIBEA and BEFI which is self explanatory.

Both letters contain truth to some extent. The load on sixth pay commission has gone up after modifications accepted by the govt.
 

Positive features of sixth pay commission: Minimum total salary 10000 Assured three promotions and movement in the enlarged band of 5200-20200 in their life time (clerical cadre). Grade pay at different levels and highest 30% HRA  upto a maximum of 12000 education allowance ,transport allowance all is taking the central govt clerical entry level salary to much higher levels then the average increased percentage projected. Already a comparison table available in all banking solutions website which gives the factual figures as on date.

Negative features of pay commission. ; Pay fixation formula is the one area where there are huge anomalies.  The basic pay as per fifth pay commission was multiplied by a factor of 1.86 and rounded off to the next higher 10 s and pay fixed in the applicable band. There are four pay bands . If the starting band and the pay obtained by the calculations widely varied they got bonanza. Seniors were not benefited and pay fixation anomaly exists.
 

Officers were the most benefited category because of the pay structure the commission proposed for them. Hence they got much more benefit. The increase ranges from 40% to 60% much more than the average increase projected.
But in banks fixation formula STAGE TO STAGE FIXATION ensured higher benefits for seniors irrespective of the cadre.
 

PENSION :

Pension issue should have been solved much earlier before the election and when last MOU signed between UFBU and IBA TO SETTLE WITHIN A TIME FRAME OF 3 MONTHS. They are now adding the same as a load (total 23%) and projecting that 17.5% itself for 5 years period apart from the pension load .
 

When all the others are enjoying 100% DA , the retired pension optees before the present settlement i.e. retired before 01.11.2002 continue to draw tapperd rate of DA. Why this anomaly was not rectified when they are revising the then notional basic (not updation ) to them. Is it necessary to tell them they are also eligible for 100% DA. Pension regulation says any basic modification will be automatically applicable to the existing pensioners.
 (When all the others are enjoying 100% DA , the retired pension optees before the present settlement ie retired before 01.11.2002 continue to draw tapperd rate of DA. Why this anomaly )

CLERKS SCALE OF PAY

However since the clerical staff pay structure is good since the I ST BIPARTITE SETTLEMENT the starting salary in the clerical salary and ending level may be more than 300%. Even at this level leaders must ensure extension of of the stages from the present 18 to at least 25 and stagnation increments thereafter which will ensure some parity which will also, compensate for not getting promotion as assured promotions may not be available .Starting level for both clerks and sub staff should be increased so as to ensure minimum salary of the pay commission. THE projected wage increase may not be sufficient even to revise HRA from 9.5% to 30%. . During 1979 wage revision I have received an HRA of 25% . If the same percentage is maintained without compromise on revised scales this much glaring difference would not have come and no body is going to accuse the leaders
 

Past is past

Now clearly divide the priorities in two stages. One stage for immediate settlement and other category for 01.11.2012 for which we have to ask the date the moment after their inking the present settlement because of the casual attitude of our IBA.
 

FIRST STAGE :
MERGING THE DA TO THE BASIC AS PER THE AGREED LEVEL AND MAXIMUM LOAD FOR INCREASING THE BASIC PAY AS INCREASE.
INCREASING THE NUMBER OF STAGES FROM 18 TO 22 OR 25 AND STAGNATION INCREMENTS THEREAFTER
HRA OF ATLEAST 15% WITHOUT CEILING
 

PENSION;
ANOTHER OPTION TO THE PF OPTEES BOTH PRESENT AND PAST
FULL NEUTARLISATION OF DA TO PRE 01.11.2002 RETIREES WITH MONETARY BENEFIT FROM A DETERMINED DATE.
 

SPECIAL STATUS TO BANK EXECUTIVES IRRESPECTIVE OF THE WAGE LOAD.  Our AGMS, DGMS and GMs should be given a starting revised basic of Rs.50,000, Rs.55,000 and Rs 60000 with WITH A MAXIMUM OF 60000,   65000,  70000

OUR AGMS , DGMS , GMS SHOULD BE GIVEN A STARTING REVISED BASIC OF 50000,    55000,     60000 WITH A MAXIMUM OF 60000,  65000,  70000 WITH SUITABLE RUNNING SCALE.

THIS ALONE WILL ENSURE SOME DECENCY TO THEIR STATUS. THIS SHOULD NOT BE INCLUDED IN THE LOAD.  THIS SHOULD BE AS A GESTURE OF THE MINISTRY OF FINANCE TO THEIR EXECUTIVE COUNTERPARTS . THIS MAY BE TREATED AS A SPECIAL FAVOUR ALSO AS NOBODY IS GOING TO GRUDGE,

 

SECOND STAGE FROM .1.11.2012
HRA OF 30% ON THE EXISTING PAY
GRADE PAY OR POST PAY MAY BE LINKED TO SOME PERCENTAGE SAY 15 OR 20( THIS MAY BE SANCTIONED TO CASHIERS OR OTHER PERSONS WHO IS HOLDING DESIGNATIONS IN CASE OF AWARD STAFF. ACCOUNTANTS, BRANCH MANAGERS - FIELD LEVEL FUNCTIONARIES AND SPECIALISTS OFFICERS OF ADMINISTRATIVE SIDE TO KEEP THE COST UNDER CONTROL )
EDUCATION ALLOWANCE
LIBERAL TRANSPORT ALLOWANCE
 

PENSION
PENSION UPDATION TO ALL PENSIONERS PRESENT PAST WITH MONETARY BENEFIT FROM A PREDETERMINED DATE WITHOUT ARREARS PAYMENT
LET US PRAY GOD THAT THE ENSUING MEETING WILL END WITH A SMOOTH SETTLEMENT SO AS TO HAVE HALF SIGH OF RELIEF . WE MAY APPEAL TO THE LEADERS TO BE MORE VIGILANT INFUTURE AND ALSO REQUEST THEM TO PREPARE THE GROUND WELL FOR 1.1.2012 SO AS TO ENSURE TOTAL PARITY WITH SIXTH PAY COMMISSION IN ALL PARAMETERS INCLUDING PENSION.
THERAFTER WE MUST LEAVE IT TO THE GOVERNMENT AND LIBERATE OURSELVES FROM THE TORTURES OF IBA.

THIS LETTER IS ADDRESSED TO ALL BANK MEN AND WOMEN


EXCEPT BANKING SECTOR, THE GOVERNMENT IS VERY LIBERAL IN EXTENDING BENEFITS TO ALL SECTORS EVEN WHEN ELECTION WAS IN PROCESS, BY TAKING PERMISSION FROM CEC.

WHEN THE RISKS ARE CONCERNED –BANK OFFICERS AND MANAGERS ARE ENTITLED TO MORE INCREASE THEN THEIR COUNTERPARTS IN OTHER INDUSTRIES

WHEN THINGS ARE SO, WHY THE PRESENT GOVERNMENT IS DENYING ALL BENEFITS TO BANKERS   IT IS DEFINITELY THE INEFFICIENCY OF UNIONS.

IT IS TIME –THE ENTIRE BANK OFFICERS –IRRESPECTIVE OF THEIR UNION AFFILIATION –RESIGN EN-MASS FROM THEIR ASSOCIATIONS AND FORM A SEPARATE BODY TO FIGHT FOR OUR CAUSE –POLITICALLY AND LEGALLY

TIME HAS ALSO COME –THAT THE WAGE SETTLEMENT THROUGH BIPARTITE IS DISMANTLED  CONSIDERING THE HUGE RISKS INVOLVED AND LONG WORKING HOURS FOR BANK OFFICERS AND MANAGERS WE ARE ENTITLED TO MORE INCREASE THAN OUR COUNTERPARTS IN OTHER INDUSTRIES GOT  SO DEFINITELY, WE REJECT THIS PEANUT SETTLEMENT

WE APPEAL TO ALL OUR LEADERS TO GET AT LEAST 40% INCREASE AND PENSION WITHOUT LOAD ON EMPLOYEES. IF THEY COULD NOT LET THEM RESIGN FROM THEIR POSTS

 

Me and My Bank friends thought about recently going on 9th bipartite wage talks of bank employees are that:   “Leaders are totally selfish persons.”
“They don’t worried about recent and future employees about pension option , they only worried about their Old leaders/employees.”
“Now they are not able to handled with IBA or Govt., they should  resign from union post.”
“Why UFBU leaders not sharing fact matters with members like past. They are playing some hidden game with members.”
“Here We all ready to support ‘infinate strike’.  Not only We but All Employees.  Then also Why leaders not call for indefinite  strike,
When IBA/Govt. not understanding us,These are all indicate that leaders intense is not good. I clear that We have not hurry to get
Wage increase at lowest rise but after 24 months there are no result came from talks, it is too much,  We not demanding unrightfully demands
Wage increase is our right as per laws. If no result came from talks with IBA /Govt. then left this way and go through COURT

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