WAGE REVISION LATEST DEVELOPMENT
Based on various inputs, including from our readers (some of them appears to have been tracking these meticulously and provide authentic information), we give below latest status of the discussions held with IBA. As scheduled, discussions were held between IBA and four officers' organizations on 23rd January, 2010, wherein Mr. Jagdish Pal, (Chairman of the small committee of IBA) represented the Management team. Some of the offers / issues discussions in the said meeting are as follows:-
IBA gave its revised proposals of Basic Pay structure, which ranges from Rs.14,000/- at the initial level to Rs.54,000/- at the end of the highest scale.
IBA is agreeable to remove the cost of leave encashment on retirement.
Differences on the pension costing continued between unions and IBA.
IBA insisted that date of payment of pension will be effect only from the final date of settlement. Unions wants the same to be effective from 01-04-2008;
IBA now wants that the cost of Rs.132 crs is also to be included towards SBI pension cost. As this is a new item, unions objected to the same
Thus, in nut shell, no final decisions could be reached on scale of pay, pension cost or the date of effect of the payment of pension to new optees. It has been agreed that Unions will work on their scale of pay and submit the same to IBA by 27th January, 2010. These will be again discussed in the next round of talks to be held on 8th February, 2010.
WAGE RIVISION CHART
It is reported that next round of meeting between UFBU and the core group of the Negotiating Committee of the IBA is scheduled for 9th and 10th December for salary revision. (Mr. Ramesh Kumar Mudiraj has also sent an email in this regard). We have been receiving some revised salary charts, but they are still not authentic. However, as a number of readers have been asking for such charts, we give the same for information of the readers. However, these are not reliable and still to be finalized.
Click here to view the charts
Based on various inputs, including from our readers (some of them appears to have been tracking these meticulously and provide authentic information), we give below latest status of the discussions held with IBA. As scheduled, discussions were held between IBA and four officers' organizations on 23rd January, 2010, wherein Mr. Jagdish Pal, (Chairman of the small committee of IBA) represented the Management team. Some of the offers / issues discussions in the said meeting are as follows:-
IBA gave its revised proposals of Basic Pay structure, which ranges from Rs.14,000/- at the initial level to Rs.54,000/- at the end of the highest scale.
IBA is agreeable to remove the cost of leave encashment on retirement.
Differences on the pension costing continued between unions and IBA.
IBA insisted that date of payment of pension will be effect only from the final date of settlement. Unions wants the same to be effective from 01-04-2008;
IBA now wants that the cost of Rs.132 crs is also to be included towards SBI pension cost. As this is a new item, unions objected to the same
Thus, in nut shell, no final decisions could be reached on scale of pay, pension cost or the date of effect of the payment of pension to new optees. It has been agreed that Unions will work on their scale of pay and submit the same to IBA by 27th January, 2010. These will be again discussed in the next round of talks to be held on 8th February, 2010.
WAGE RIVISION CHART
It is reported that next round of meeting between UFBU and the core group of the Negotiating Committee of the IBA is scheduled for 9th and 10th December for salary revision. (Mr. Ramesh Kumar Mudiraj has also sent an email in this regard). We have been receiving some revised salary charts, but they are still not authentic. However, as a number of readers have been asking for such charts, we give the same for information of the readers. However, these are not reliable and still to be finalized.
Click here to view the charts
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