The wage revision and pension option have been signed on 27th April 2010 with the IBA, by the Unions. The Pension option Settlement has also been signed Under the banner of UFBU, all the 9 unions have signed the Agreements covering both employees and officers. The Settlement covers 46 Banks (26 Public Sector Banks, 12 Private Sector Banks and 8 Foreign Banks) and would benefit 4,77,000 workmen employees and 2,75,000 officers. The Settlement would cost the Banks an additional increase in wages by Rs.5,200 crores per year (Rs.4,816 crores for Public Sector Banks and around Rs.400 crores for private and Foreign Banks). The Settlement will be effective from November 2007 to October 2012. Under the Settlement all the remaining 2,60,000 employees and officers who are now covered by CPF would be given a chance to join the Pension Scheme. More than 50,000 retirees will also get the option to join the pension scheme. The Settlement is preceded by 30 months of negotiations between the IBA and the unions.
Blog Archive
Tuesday, April 27, 2010
9th bipartite signed on 27th April 2010
The wage revision and pension option have been signed on 27th April 2010 with the IBA, by the Unions. The Pension option Settlement has also been signed Under the banner of UFBU, all the 9 unions have signed the Agreements covering both employees and officers. The Settlement covers 46 Banks (26 Public Sector Banks, 12 Private Sector Banks and 8 Foreign Banks) and would benefit 4,77,000 workmen employees and 2,75,000 officers. The Settlement would cost the Banks an additional increase in wages by Rs.5,200 crores per year (Rs.4,816 crores for Public Sector Banks and around Rs.400 crores for private and Foreign Banks). The Settlement will be effective from November 2007 to October 2012. Under the Settlement all the remaining 2,60,000 employees and officers who are now covered by CPF would be given a chance to join the Pension Scheme. More than 50,000 retirees will also get the option to join the pension scheme. The Settlement is preceded by 30 months of negotiations between the IBA and the unions.
Tuesday, April 6, 2010
Officers new pay
SCALE I, II &III | ||||||
OLD BASIC | NEW BASIC | DA | HRA | MAJOR | AREA I | AREA II |
10000 | 14500 | 5151 | 1233 | 1088 | 943 | |
10470 | 15100 | 5364 | 1284 | 1133 | 982 | |
10940 | 15700 | 5577 | 1335 | 1178 | 1021 | |
11410 | 16300 | 5791 | 1386 | 1223 | 1060 | |
11880 | 16900 | 6004 | 1437 | 1268 | 1099 | |
12350 | 17500 | 6217 | 1488 | 1313 | 1138 | |
12820 | 18100 | 6430 | 1539 | 1358 | 1177 | |
13320 | 18700 | 6643 | 1590 | 1403 | 1216 | |
13820 | 19400 | 6892 | 1649 | 1455 | 1261 | |
14320 | 20100 | 7141 | 1709 | 1508 | 1307 | |
14880 | 20900 | 7425 | 1777 | 1568 | 1359 | |
15440 | 21700 | 7709 | 1845 | 1628 | 1411 | |
16000 | 22500 | 7993 | 1913 | 1688 | 1463 | |
16560 | 23300 | 8277 | 1981 | 1748 | 1515 | |
17120 | 24100 | 8562 | 2049 | 1808 | 1567 | |
17680 | 24900 | 8846 | 2117 | 1868 | 1619 | |
18240 | 25700 | 9130 | 2185 | 1928 | 1671 | |
18800 | 26500 | 9414 | 2253 | 1988 | 1723 | |
19360 | 27300 | 9698 | 2321 | 2048 | 1775 | |
19920 | 28100 | 9983 | 2389 | 2108 | 1827 | |
20480 | 28900 | 10267 | 2457 | 2168 | 1879 | |
21040 | 29700 | 10551 | 2525 | 2228 | 1931 | |
21660 | 30600 | 10871 | 2601 | 2295 | 1989 | |
22280 | 31500 | 11190 | 2678 | 2363 | 2048 | |
22900 | 32400 | 11510 | 2754 | 2430 | 2106 | |
23520 | 33300 | 11830 | 2831 | 2498 | 2165 | |
SCALE IV | ||||||
20480 | 30600 | 10871 | 2601 | 2295 | 1989 | |
21040 | 31500 | 11190 | 2678 | 2363 | 2048 | |
21660 | 32400 | 11510 | 2754 | 2430 | 2106 | |
22280 | 33300 | 11830 | 2831 | 2498 | 2165 | |
22900 | 34200 | 12150 | 2907 | 2565 | 2223 | |
23520 | 35200 | 12505 | 2992 | 2640 | 2288 | |
24140 | 36200 | 12860 | 3077 | 2715 | 2353 | |
SCALE V | ||||||
24140 | 36200 | 12860 | 3077 | 2715 | 2353 | |
24760 | 37200 | 13215 | 3162 | 2790 | 2418 | |
25380 | 38200 | 13571 | 3247 | 2865 | 2483 | |
26000 | 39300 | 13961 | 3341 | 2948 | 2555 | |
26620 | 40400 | 14352 | 3434 | 3030 | 2626 | |
SCALE VI | ||||||
26620 | 42000 | 14921 | 3570 | 3150 | 2730 | |
27300 | 43200 | 15347 | 3672 | 3240 | 2808 | |
27980 | 44400 | 15773 | 3774 | 3330 | 2886 | |
28660 | 45600 | 16199 | 3876 | 3420 | 2964 | |
29340 | 46800 | 16626 | 3978 | 3510 | 3042 | |
SCALE VII | ||||||
29340 | 46800 | 16626 | 3978 | 3510 | 3042 | |
30020 | 48100 | 17088 | 4089 | 3608 | 3127 | |
30700 | 49400 | 17549 | 4199 | 3705 | 3211 | |
31600 | 50700 | 18011 | 4310 | 3803 | 3296 | |
32600 | 52000 | 18473 | 4420 | 3900 | 3380 |
Saturday, April 3, 2010
Payscale - Officers
Scale I : 14500 – 600 X 7 – 18700 – 700 X 2 – 20100– 800 X 12 – 29700 – 900 X 2 – 31500
Scale II: 19400 – 700 X 1 – 20100 – 800 X 12 – 29700-900 X 3 - 32400 – 900 X 2 – 34200
Scale III: 25700 – 800 X 5 – 29700 – 900 X 4 - 33300-900 X 2 - 35100
Scale IV : 30600 – 900 X 4 – 34200 – 1000 X 2 – 36200
Scale V : 36200 – 1000 X 2 – 38200 – 1100 X 2 – 40400
Scale VI : 42000 – 1200 X 4 – 46800
Scale VII : 46800 – 1300 X 4 – 52000
Stagnation Increments: Two additional Stagnation Increments each has been provided in Scales I, II & III
Dearness Allowance : 0.15% per slab over 2836 points
Officers payscales - updation
JMGS-I - Rs.14, 500/- TO Rs.31, 500/- *
MMGS-II - Rs.19, 400/ - TO Rs.34, 200/-*
MMGS-III - Rs.25, 700/- TO Rs.35, 100/-*
*including two additional stagnation increments
SMGS-IV - Rs.30, 600/- TO Rs.36, 200/-
SMGS-V - Rs.36, 200/- TO Rs.40, 400/-
TEG-VI - Rs.42,000/- TO Rs.46,800/-
TEG-VII - Rs.46,800/- TO Rs.52,000/-
DEARNESS ALLOWANCE
For every 4 points rise/fall in index, Dearness Allowance at 0.15% per slab.
CCA
Freezed the existing CCA and utilized the amount towards improvement in Basic Pay.
Accordingly.
Places in Area I - 4% of Basic Pay, Max. Rs.540/- p.m.
Places with population of more than 5 lacs - 3% of Basic Pay,Max. Rs.375/- p.m.
HRA
Retained the existing rate of HRA.
Major A class cities - 8.5%
Other places in Area I - 7.5%
Other places - 6.5%
MEDICAL AID
For officers other than SBI, the medical aid has been enhanced as under,
Scale I to III – Rs. 5100/- p.a.
Scale IV & above - Rs. 6320/- p.a.
Wage settlement - Officers - Developments - 03.04.2010
Percentage of HRA and CCA same.
Two stagnation increments for Scale I to III. Medical aid Rs. 5100 up to Scale III, above Scale III Rs..6320. Stagnation increment for Scale I,II, III - 2 increments.
Next discussions on 9th and 10 th April 2010.
UFBU meeting with IBA on 12.04.2010 for finalising Pension draft.
Settlement will be signed on 15.04.2010
6.
Wage settlement- Workmen - Developments - 03.04.2010
In the talks held between IBA and Unions understandings were reached on the various service conditions and the chart on distribution of the total increase of Rs. 2577 crores to various heads has been finalised. Next meeting will be on 7th April, 2010. Draft settlement will be taken up for finalisation. It was decided that after finalising the draft settlement, the signing of the same should be completed by 15 th April, 2010.
1. Scales of Pay:
Clerical Staff: 6200 – 400 x 3 – 7400 – 500 x3 – 8900 – 600 x 4 – 11300 – 700 x 7 – 16200 – 1300 x 1 – 17500 – 800 x 1 – 18300.
Substaff: 5500 – 200 x 4 – 6300 – 250 x 5 – 7550 – 300 x 4 – 8750 – 350 x 3 – 9800 – 400 x 3 – 11000.
2. Stagnation Increment:
Clerical: 7 stagnation increments (800 x 6 once in 3 years & 800 (7th) after 2 years)
Substaff: 7 stagnation increments (400 x 7 once in 2 years)
Extended Pay Scales: (With Stagnation increment)
Clerical: 6200 – 18000 – 23900.
Substaff: 5500 – 11000 – 13800.
3. DA: 0.15% per slab over 2836 points.
4. HRA:
a) Places over 45 lacs : 10%
b) 12 to 45 lacs : 9%
c) 5 to 12 lacs : 7.5%
d) Below 5 lacs : 7%
5. Transport Allowance: (For Clerks and Substaff)
Upto 15th Stage: Rs. 225 per month
16th Stage and above: Rs. 275 per month
6. Special Pay:
For November, 2007 to April, 2010: Existing Special Pay will be revised and arrears paid for both clerks and subordinate staff.
From May, 2010 - For Clerks
-
Present No Special Pay holders : Rs. 1000/-
-
Present Special Pay holders : Rs. 1500/-
-
Head Cashier II : Rs. 1780/-
-
Special Assistant : Rs. 2180/-
( Out of this, Rs. 1000/- will be added to Basic Pay and balance will continue as Special Pay.)
From May, 2010 - For subordinate staff
-
Present No Special Pay holders : Rs. 350/-
-
Present Special Pay holders - Revised Special Pay
(Out of this, Rs. 350/- will be added to Basic Pay and balance will continue as Special Pay.)
7. Fixed Personal Pay & PQP
Will be revised based on new basic pay.
8. Hill and Fuel Allowance:
a) Places – 3000 meters and above : 8% maximum Rs. 1295/-
b) 1500 – 3000 meters : 4% maximum Rs. 510/-
c) Over 1000 meters + Mercara : 3% maximum 410
9. Medical Aid: Rs. 2000/- per year
10. Hospitalisation Scheme: Being improved with revised schedule, etc.
11. Part Time Employees: (Lump sum)
(November, 2007 to April, 2010)
Upto 3 hours per week : Rs. 1030/-
3 to 6 hours per week : Rs. 1440/-
From May, 2010 : All will be brought to 1/3rd Scale wages.
12. Halting Allowance: Being increased
13. Washing Allowance: Rs. 100/- per month
14. Cycle Allowance: Rs. 75/- per month
15. Split Duty Allowance: Rs. 125/- per month
16. Project Area Compensatory Allowance:
Group A Centres /Group B Centres
Clerks : Rs. 205/- per month/Rs. 180/- per month
Substaff : Rs. 180/- per month/Rs. 150/- per month
17. Special Area Allowance: Being revised.
18. Reimbursement in Road Travel:
Actual road mileage cost or Rs. 3 per Km whichever is less.
19. Pension:
Another option will be given to all existing employees and those who have retired / died after pension regulation 1995 / 1996.
20. Gratuity:
Will be payable on revised Basic Pay from 1.11.2007
21. Provident Fund: 10% of pay from 1.11.2007
22. Definition of dependence under family: Upto monthly income of Rs. 3500/-
23. Compensation for losses due to breakage or damage to goods on transfer:
With Receipt/ Without Receipt
Clerks: Rs. 1120/- / Rs. 745/-
Substaff: Rs. 745/- / Rs. 560/-
24. Special Leave for Women:
Within the maternity leave entitlement, women employees can avail 45 days special leave for undergoing hysterectomy operation.
25. Effective Date: 1st November, 2007
Improvement in LFC:
Entitlement:
for Clerks - AC 2 Tier
for subordinate staff - AC 3 Tier
Distance:
For subordinate staff
Once in 2 years - 2500 km
Once in 4 years - 5000 km
For clerks
Once in 2 years - 2000 km
Once in 4 years - 4000 km