Tuesday, April 27, 2010

9th bipartite signed on 27th April 2010

Finally signed!!!
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

Scales of Pay:



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

SCALES
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

Basic Pay Rs.14500/- - Rs.52000/-

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

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