Charter of Demands for 11th Bipartite Settlement by BEFI

01. BASIC PAY

Revision of Basic Pay w.e.f. 1-11-2017 by merger of Special Allowance (7.75%of B.Pay) alongwith D.A. payable on Basic Pay and Special Allowance  at the average index for the quarter July-September 2017.Construction of revised pay scales by loading thereafter at 20% to clerical staff and 25% to subordinate staff.Fitment on stage to stage basis

Stagnation Increments:

Stagnation increments once in 2 years without any ceiling for both clerical and subordinate staff. Stagnation increment/s to be given in all cases of reversion   from officer to clerical cadre and clerical to substaff cadre

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CHARTER OF DEMANDS FOR 11TH BIPARTITE SETTLEMENT by UFBU IN SUMMARY

ALL INDIA BANK EMPLOYEES’ ASSOCIATION ( AIBEA)

NATIONAL CONFEDERATION OF BANK EMPLOYEES (NCBE)

BANK EMPLOYEES FEDERATION OF INDIA (BEFI)

INDIAN NATIONAL BANK EMPLOYEES FEDRATON (INBEF)

NATIONAL ORGANISATION OF BANK WORKERS (NOBW)

2-2017

To

Chairman,

Indian Banks’ Association

Mumbai

Dear Sir,

You are aware that the period of the current 10th Bipartite Settlement would come to end by October, 2017 and a revised Settlement needs to be arrived at w.e.f. 1-11-2017.  We learn that the Government has given their guidelines to IBA and Banks to complete the process of negotiations well in time to commence the new Settlement from November, 2017.

We welcome this but this would be possible only if the negotiations are commenced by IBA well in time.  In view of this, we submit herein the broad summary of the common demands to be negotiated and to arrive at the 11th Bipartite Settlement. (Annexure I)

The full details of all these demands would be submitted shortly and well before the negotiations would begin. 

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11th Bipartite Settlement for Bankers - Charter of Demands

Let us now proceed to arrive at the new Basic Pay to be fixed in 11th BPS.

We are all aware that the Department of Financial Services, Ministry of Finance has set the ball rolling for commencement of 11^thBPS and they have issued a notification to all the banks that are part of the process, advising them to complete the whole process well before the due date i.e. 1^st November, 2017.

So, I have now been tempted to initiate the process, by making these suggestions.

Before proceeding further, we must remember that the implementation of new pay scales for central government employees under 7^th CPC is already under way. Their new pay scales are expected to be implemented with effect from 1st January, 2016.

Their new basic pay is expected to vary from 2.57 to 2.78 times their present pay.

Even at the pre-revised level (i.e. 6th CPC level), their Basic Pay is higher than the revised Basic Pay of the bank staff, after 10th BPS.

Assumptions:
1. The average All India Consumer Price Index for Industrial workers (Base: 1960=100) is expected to be at 6777 for the quarter ending 30th September, 2017 (assuming that the annual inflation will be 6% for the next 2 years).
2. Accordingly, the DA as on 31-10-2017 on the exiting basic pay will be at 58.40%.
3. Unlike last time, it is expected that the full amount of D.A. outstanding as on 31.10.2017 will be merged, as is being done in the case of Central Government Employees.
4. So, the whole D.A. at 58.40% will be merged with the existing basic pay, at the time of next wage revision.

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