(Affiliated to NOBO & BMS)
HOUSE MAGAZINE FOR INTERNAL CIRCULATION ONLY
QUARTERLY PUBLICATION – May 2010
QUARTERLY PUBLICATION – May 2010
------------------------------------------------------------------------FROM THE GS DESK:
The much awaited Wage revision settlement between UFBU & IBA has been inked upon on 27th April 2010 after prolonged negotiations. The long pending demand of offering One more Pension option to the existing PF optees has also been agreed upon on the same day. Compared to the wage hike enjoyed by the Central Govt employees as per 6th Pay commission recommendations, and also compared to the prevailing salary emoluments of employees in other Private sectors, the wage hike given to the Bank employees is very nominal. Majority of the Bank employees are unhappy over the unreasonable, indifferent & adamant attitude of IBA all along. During the course of negotiations the very credibility & trustworthiness of IBA was at stake, because of going back or deviating from the MOU entered by them again and again. The first MOU agreed upon by IBA was not at all honoured. The second and final MOU agreed upon by IBA on 27-11-09 is also not honoured fully, especially regarding sharing of Pension cost by the bank employees. While dealing with various section of the Bank employees IBA appears to have adopted the model of much hated divide and rule policy of the Britishers. The disparity in Pension cost sharing by the PF optees and Pension optees is much visible. The PF optees are made to cough out major or entire portion of their salary arrears by way of refunding 2.8 times of their Nov 2007 Pay, while Pension optees are allowed to get away with their arrears unscathed. The percentage of increase in wage hike is also not uniform in all the scales of officers. Percentage of increase in Salary of the officers in Scale-IV and above, is much more compared to that of officers in Scale I, II & III, though the assured wage hike at the time of MOU of 27-11-09 was 17.5%. The CCA agreed upon is 4% of the basic in Area-1, whereas CCA for the officers with the lowest starting basic of Rs 14500 in Scale-I also exceeds the maximum stipulation of Rs 540/-, which renders the percentage stipulation ridiculous! Junior officers are unhappy because of the additional stagnation increments given to the seniors. Pension optees are unhappy for compromising with a low wage hike due to the demand of One more Pension option. Retired employees who are PF optees, are unhappy because of the uniform formula of refund of their share of Pension cost (additional 56%) stipulated for all those retired from 29-9-1995 till 26-4-2010. Thus various sections are unhappy for various reasons. Anyway the deal is over and with a heavy heart, the UFBU leaders have agreed to the unreasonable terms & conditions of IBA. This settlement will be in force till 31-10-2012. We hope better wisdom will prevail upon IBA and through UFBU, the bank employees will get a better deal atleast in the next bipartite. We have brought out this special issue of CBOO Vartha containing the gist of wage settlement, Pension option, gratuity amendment and other details for the ready reference of the readers.
WAGE REVISION VAARTHA
ROLE OF NOBO & NOBW IN WAGE NEGOTIATIONS
This time, the Wage Negotiation carried special importance because the demands for wage increase and one more pension option were combined unlike in the past. Four officers unions (AIBOC, INBOC, AIBOA & NOBO) and five workmen unions (AIBEA,NCBE,BEFI,INBEC & NOBW) under the umbrella of United Forum of Bank Unions (UFBU) fought the battle. It is a well known fact that in the nationalised banks, majority of AIBEA & AIBOA membership are pension optees., where as majority of AIBOC , NOBO & NOBW membership are PF optees. That being the case, AIBEA was reluctant to take up the cause of PF optees. Added to this, the AIBOC leadership hailing from State Bank of India was also reluctant to take up their cause. Under the circumstances, the single minded devotion of Sri Bapu Joshi, ex-general secretary of NOBO in keeping the issue of ‘one more pension option’ alive all along and also his role in convincing the other UFBU constituents to treat the issue as the TOP PRIORIY demand during the wage negotiations with IBA is commendable. At last the long standing demand of PF optees has been fulfilled and the Joint agreement between the UFBU & IBA offering one more pension option to the PF optees has been signed on 27-04-2010. CBOO salutes Sri Bapu Joshi for his invaluable contribution in furthering the cause of PF optees.