Updates of today's meeting of 11th Bipartite Settlement
IBA team was led by IBA Chairman Mr. Rajnish Kumar, who is Chairman of SBI.
The following discussion took place :
1. Revised Offer : The offer for hike in Fixed Pay was enhanced from 12% to 12.25 % on pay slip. This offer is with 2% loading. "In view of overall difficult financial condition of Banks, it is not possible to go beyond this offer," was made clear by IBA.
2. Special Allowance : Due to extra financial burden IBA refused the Demand for Merger of Spl Allowance with Basic.
3. Five Day Week : IBA flatly refused this Demand raised once again.
4. PL Encashment : At present PL can be encashed (i) on retirement (ii) while availing LFC.
A NEW channel for PL Encashment will be introduced. Employees can encash 5 days' PL every year against available balance.
As special case, those employees having less than 5 years' remaining service, shall be able to encash 7 day PL every year against balance available.
5. Family Pension : IBA is working on enhancing it. They have accepted that it is not adequate.
6. Pension : For enhancement, cost factor is prohibitive. IBA is working on it. But they have not committed anything in this regard.
7. Performance Linked Incentive (PLI) :
As per suggestions made by Unions IBA came out with Revised Offer as under :
It is payable on year on year increase in Operating Profit.
(A) If Operating Profit increase is between 5 to 10 %, the Incentive will be 2.75 % which equals 10 days' salary.
(B) if Operating Profit increases by 10 to 15 %, the Incentive will be 3.84 % which equals 14 days' salary.
(C) if Operating Profit increases by 15% & above, Incentive will be 5.75 % which equals 21 days' salary.
(D) For those Banks which could not register NET PROFIT, but it's Operating Profit increase is above 5% : the PLI will be @ 2.75% or 10 Days' salary.
Summary of Today's meeting of 11th Bipartite Settlement
Core Committee Meeting (Workmen) held on
28 November 2019
As decided during Main Negotiations Committee Meeting held on 15 Nov, '19 : Core Committee (Workmen) Meeting was held today at IBA Office, Cuffe Parade, Mumbai.
Discussions:-
1. Adoption of New Series of C. P. Index for D. A. calculation and formula for DA calculation to be decided during the next Main Negotiating Committee Meeting.
2. Union demand for PL accumulation upto 300 days & it's encashment on retirement to be put before Main Committee.
3. For Adoption of Child upto 1 yr ML agreed with certain conditions.
4. Sabbatical Leave to all employees. The matter is left to individual banks.
5. LFC : There will be improvement in distance permitted to Sub Staff.
6. LFC : For Workmen employees travel by own car permitted. At par with provision for officers.
7. LFC : with package tour not permitted.
8. Outsourcing : From the earlier clause " as per RBI guidelines to be done for non core activities." It is agreed to *remove words as per RBI guidelines.*
9. OT : For simplified & improved method note is submitted by Unions. To be discussed further.
10. Punishment : For gross misconduct, *fine* as punishment may be removed.
11. Ex Servicemen : Only the guidelines issued by "Dept of Financial Services" of Govt of India to be followed uniformly.
12. Unions wanted time gap between Business hours and Working hours should be 2 hours instead of present 1 hour. This demand was rejected outright by the IBA.
Whatever is accepted is subject to final approval at Main Committee level.
Negotiations may take decisive turn during next meeting on *3 Dec, 2019.*
IBA rejects bankers' demand for five-day work week, sticks to 12% wage hike
The Indian Banks’ Association (IBA) has formally declined a request from employee unions to keep bank branches open for five days a week, while also expressing inability to hike wages by more than its proposal of 12 per cent.
It has not agreed to the suggestion following views of some “important stakeholders”, according to a circular issued by the staff unions, under the umbrella of the United Forum of Bank Unions (UFBU). The unions have to agree to the IBA’s decision for it to be implemented.
The bank managements, represented by the IBA, have told the unions that a 12 per cent hike in wages will cost public sector banks (PSBs) more than Rs 6,300 crore annually.
“The bank managements feel that this is not an opportune time to implement five-day working week at this stage as lenders and banks are working together towards financial inclusion,” a PSB chief executive said, requesting anonymity.
The unions have been demanding a five-day work week since a long time. From September 2015, the IBA had agreed to allowing bank branches to remain shut on alternate Saturdays (the second and the fourth Saturday of every month).
“PSBs are serving rural and semi-urban areas and any move to reduce the working days may bring down the connect with customers, especially when direct benefit transfer schemes are being focused upon in a big way,” the executive added.
Sources said the Department of Financial Services, under the finance ministry, is in favour of keeping three Saturdays off in a month, but was awaiting a nod from Finance Minister Nirmala Sitharaman on the proposal. “This was discussed in a meeting held between Finance Secretary Rajiv Kumar and bank officers’ union on September 23,” a person who was a part of the meeting said.
Wage negotiation talks are going on between the IBA and the UFBU, which include discussion on pay hike, the number of working days and other issues related to salary restructuring and pension.
“There is a possibility to get five-day working week on two counts: one is the alternative channel utilised by customers, and the digital reach. This issue is of prime importance to us,” said All India Bank Officers Association General Secretary S Nagarajan.
In the previous meeting held on October 18, the IBA stated that a 12 per cent hike in pay slip cost would result in an annual burden of Rs 6,319 crore on all PSBs, including State Bank of India. “They further stated that including the cost of superannuation benefits, the total cost would come up to Rs 11,865 crore as of March 31, 2017, which is a substantial cost and hence unions should settle at this,” a communique by the UFBU stated.
The current wage revision is due from November 2017, after the terms of the previous bipartite wage settlement ended in October 2017. In the last wage revision in 2012, which was for the period between November 1, 2012, and October 31, 2017, bank employees got a 15 per cent wage hike.
“We have rejected a 12 per cent wage hike proposed by the IBA. We will settle for this if the IBA agrees to our other demands which include improvement in the family pension formula, merger of special allowance with basic pay, among others,” said C H Venkatachalam, general secretary of the All India Bank Employees Association (AIBEA).
During the wage negotiation meetings, the IBA had initially proposed a 2 per cent hike in wages, which was subsequently proposed to be increased to 6 per cent, then 10 per cent and now 12 per cent.
The IBA has also proposed a performance-linked incentive scheme to be implemented for the first time for PSB employees. The unions will submit their recommendations to the IBA on this proposal soon, Venkatachalam said.
Updates of meeting between IBA and UFBU on 18th Oct 2019
In today's talks with IBA, the Bankers' Union had raised the following issues for taking decision :
Read More - Caluclate your expected pay with 15% Hike
1. Early settlement,
2. Increase in their existing offer
3. Merger of special allowance into basic pay,
4. 5 day a week working
5. Improvement in family pension
6. Updation of pension
7. NPS at 14%
8. PLI - Performance Linked Incentive, modalities
9. Reduction in premium on medical insurance for retirees
Sec UFBU has informed that it was decided to clinch these issues at the earliest. Detailed circular follows.
IBA Direct Banks to Pay the One month Advance Salary Against the Bipartite Arrears
Keeping their promise to complete the bipartite settlement at earliest, IBA had taken a decision to grant One Month Advanace Salary (Festival Advance) against the 11th bipartite arrears to all the employees of the bank who had joined the bank before 1st Nov 2017 and 15 days salary advance to all such employees who joined the bank after 1st Nov 2017 to 31st March 2019.
IBA has instructed all it’s member Banks to disburse one month adhoc salary (Basic + DA) as a gesture of goodwill to be adjusted from the arrears to be paid from out of 11th BPS Wage Settlement.
Adhoc Salary will be credited on 04.10.2019.
Bank unions revise demands, to seek pay rise of 20% at IBA talks
The key reason behind UBFA’s revised demand from the
15 per cent earlier is that the gap between what bank employees earn
when compared to those in the government’s equivalent grade has widened.
It was pointed that even after a 20 per cent pay hike, this difference
will stand reduced only at the beginning of the scale, but it will still
be at about half of the same at the ...
Salary of bank employees if IBA will agree with 15% hike in 11th Bipartite Settlement
Award Staff :- Click here
Officer :-
Click on right corner of PDF to view large
*This is not a official news
Updates of Bipartite Settlement meeting on 19.06.2019
Today (19.06.2019), leaders of UFBU unions had 11th Bipartite Settlement discussion with IBA. The officers' associations AIBOC and NOBO did not participate in the meeting. In the absence of major officers associations, IBA asked Award Staff Unions to continue the discussion. The following are the points discussed.
1. UFBU discussed mandate issue up to Scale 7 andserved a letter to IBA in this regard.
2. UFBU discussed five days week.
3. UFBU discussed on Pension revision.
4. With regard to medical insurance-related issues, the matter will be discussed in the upcoming Managing Committee meeting to be held on 24th June and the outcome will be communicated to unions separately.
5. After lunch, a short committee of IBA discussed on medical insurance on problems n suggestions so that problems can be resolved n next insurance should be more transparent.
6. Meanwhile, a separate meeting of UFBU of award staff held for these issues.
Next negotiating meeting expected to be held shortly
Source: NOBW
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A report received from Bank Karamchari Sena Mahasangh is received on today's BPS talks between IBA and UFBU. It was attended by them also.
11th Bipartite Settlement
Today's Talks
As per Invitation from IBA, today, i.e., on Wednesday, 19 June 2019 talks on XI Bipartite Settlement between IBA and Bank Karmachari Sena MAHASANGH were held at IBA office, Cuffe Parade Mumbai.
After about four months of summer of stopover or breakdown in talks today monsoon was expected to arrive. But like real rainy season this monsoon too is delayed. There were just a few pre monsoon showers.
Actually nothing worth mentioning has happened today.
"United Forum of Bank Unions" delivered a letter addressed to IBA & Negotiating Committee to discuss/negotiate for all officers upto scale VII."
Earlier IBA was firm on talks only upto scale III. Now it is ready to extend them upto sc. V.
Officer's bodies AIBOC & NOBO continued their boycott due to fractured mandate. They want to extend the sphere upto sc. VII as usual.
Award Unions showed willingness to continue discussions.
There was general discussion on Improvement in Family Pansion and Pension Revision. But IBA showed it's inability to commit anything in this regard. They have mandate to talk for working employees and not for those retired.
Possibility of 5 day week was just touched.
Shortcomings in Medical Insurance Scheme were brought to notice of IBA by Unions.
IBA representatives want to take up these issues in IBA's forthcoming Managing Committee Meeting scheduled on 24 June. At that meet date for next round of Bipartite talks may be decided and then conveyed to Unions.
After Lunch there was informal meeting between Unions and IBA on Medical Insurance Scheme. Unions brought on record various hardships faced by employees and pensioners. It was long list of common problems. A few suggestions such as removal of GST from Medical Insurance, improvement in infra structure of Insurance Cos., Unaffordable premiums paid by Retirees, holding periodical Review Meetings at major centres, cashless settlements, delay in forwarding claims by Banks etc. Discussion was good. But No decision.
Let us hope for better next time.
Thank you.
VILAS GHUGARE
General Secretary
Crack within UFBU may affect wage revision talks
A major crack has surfaced between bank officers and workmen unions over
the issue of wage settlement, threatening to hamper the 11th bipartite
negotiation.
The United Forum of Bank Unions (UFBU) -- the umbrella body of nine
trade unions -- which holds wage revision talks on the behalf of their
members with the Indian Banks' Association
(IBA), is even facing a split if the matter is not resolved fast. The
two of the officers organisations abstained from the negotiation table
in the last round of talks.
The fight erupted between UFBU members following an IBA proposal of
bank-wise wage settlement for senior officers from scale IV and above.
Six banks -- State Bank of India, Bank of Baroda, Indian Bank, Oriental Bank of Commerce, Punjab National Bank
and Union Bank of India -- have mandated IBA to restrict the wage rise
offer to officers up to scale III. These banks proposed to fix
compensation for their senior officers independent of the bipartite
negotiation, and based on their paying capacity.
In other words, these banks with better financials than the rest
have shown willingness to offer higher remuneration package to their
officers -- from chief managers to general managers.
The 21 public sector banks employ over 10 lakh people. About 3.5
lakh are officers with about 60-65% of them being from these six banks.
However, about 90% of the officers in all banks taken together fall in
the scale I to scale III category.
Protesting against the split mandate to IBA, the All India Bank
Officers Confederation (AIBOC) -- the largest officers’ organization --
abstained from the last negotiation talks held on February 2 in Mumbai.
At that meeting where two other bank officers unions were present, IBA
raised its wage increase proposal to 10% from the previous 8% offer.
AIBOC had walked out of the negotiation table on November 30 as well.
“We want expeditious settlement of wages. We have appealed AIBOC
leadership to return to the negotiation table,” AIBEA president Rajen
Nagar told ET on Thursday.
“If AIBOC does not return to the table, then workmen need to take a
view of the situation. We cannot wait indefinitely,” Nagar said.
Earlier, AIBOC criticized AIBEA general secretary CH Venkatachalam for reportedly inciting a split within UFBU.
“He (Venkatachalam) has stated that the present offer of IBA is more
in quantitative terms than the quantum paid in the 10th bipartite
settlement. He has also said the officers’ associations are creating
impediment to the settlement. We strongly denounce unilateral
pronouncement of one constituent of UFBU on the merit of the present
offer of IBA which is very likely to jeopardize the ongoing
negotiation,” AIBOC general secretary Soumya Datta had said last
Saturday.
"We seek your immediate intervention at this critical juncture so
that the edifice of joint movement do not suffer," Datta said in a
letter to UFBU.
National Organisation of Bank Officers (NOBO) also did not take part
at the February 2 meeting while All Indian All India Bank Officers
Association (AIBOA) and Indian National Bank Officers Congress (INBOC)
were present.
“His (Venkatachalam’s) statement has been distorted. He has only
narrated the truth at a union meeting in Kanpur,” AIBEA’s Nagar said.
“The fact remains that we have rejected IBA’s 10% offer,” he said.
The 11th bipartite settlement is due from November 1, 2017.
