11 Bipartite Agreement

The workers` unions did not accept this offer. The next meeting will decide on the final agreement. What is the two-tier banking settlement, the bilateral banking settlement is the program of increasing the salaries of bank employees such as the wage commission in the central government As a result, the IBA held a series of bilateral meetings in Mumbai. During the discussions, the IBA improved its offer to 13.5%, but this was not acceptable to the unions because it was inadequate. The lengthy 11th bilateral wage negotiations between the banking unions and the Association of Indian Banks (IBA) concluded on Wednesday, with the two sides agreeing to an annual wage increase and compensation of 15% of the payroll as of March 31, 2017. The 11th bilateral settlement with salary revision was officially agreed and on the 22nd. In July 2020, a Memorandum of Understanding (MOU) was signed between the Association of Indian Banks (IBA) and the banking syndicates. The 11th bilateral wage compensation is due from November 2017. The IBA and the banking unions have failed to reach mutual consensus on various issues, despite several rounds of negotiations that have taken place over the past 30 months.

The 11th bilateral settlement was officially approved by the Banking Association on July 22, 2020. According to the latest status update, the salary of bank employees in the public sector will increase by 15%. It was also decided to introduce performance-related incentives (PLI) in state-owned banks in order to strengthen the spirit of competition vis-à-vis private banks. Aibea said we were ready to continue the talks. CLC recommended continued discussions on the IBA. Iba agreed to convene the talks. So, next round of talks with iba of the workers` unions on October 31 at the iba office in Mumbai. . During these sessions, certain topics are concluded and then dealt with during the main session. IBA offered a salary revision: 12.25% with a charge of 2%.

2. Preliminary proposals for new salary scales were discussed, which should be finalised at the next round of meetings. It was agreed that office and sub-staff should benefit from a further increase in stagnation. Both sides agreed on the introduction of PLI in psobielle broadcasters, which will be based on each bank`s operating profit/net profit. 7. The IBA agreed to discuss all other issues in more in-depth discussions. 17,900 – 1000 x 3 – 20900 – 1230 x 3 – 24590 – 1490 x 4 – 30550 – 1730 x 7 – 42660 – 3270 x 1 –45930 – 1990 x 1 – 47920 At today`s meeting with the IBA, workers` unions demand a special allowance of 20%. IBA offered 16.4% as agreed by the executive associations. After much discussion, the following points emerged today: 1.

Offer on 15% wage costs. 2. The request for 5-day banking services is motivated by further discussions. 3. Request to load more than 2% 4. Additional exchange of holiday privileges 5 days a year. 5. Improvement of the family pension 6. The revised offer for PLI was submitted with 1.37%, 2.74% and 4.11% respectively. The distribution of the annual wage increase between workers and agents will be carried out separately and proportionally on the basis of the distribution of installation costs from 31.3.2017. Today, bilateral talks have taken place with the IBA, which has not been fruitful.

The UFBU adopts agitation programs, including strike actions. Main features of the 11th two-tier agreement: D.A., HRA, salary scales, special salary, stagnation stages, FPP and other ALL INDIA allowances. Further discussions will take place at the next round of meetings shortly._. Expected arrears calculator: The effective date is 01.11.2017 and the melting point to consumer price index 6352 has already been set. This means that 478 plates are merged into Basic. (6352 – 4440 = 1912 ÷ 4 = 478 slabs), or 47.8% .c., since the rate is 0.10 paise per plate. In r.b.i. if the government agrees, retirees are favored in increasing the pension.

If a charge of 10% greater than 47.8% per year is approved, it amounts to 162.58%. (100 + 47.8 = 147.8 × 10% = 162.58), or 163. *2.* Trade union request for the accumulation of PL up to 300 days and their redemption upon retirement, which must be submitted to the Main Committee. The parties will meet on mutually favourable dates to prepare a detailed bilateral agreement/joint communication on the various issues on which consensual positions have been taken. The Parties shall endeavour to conclude the bilateral settlement/joint note within ninety days from the date of this Protocol. . The flawed reason they cited was not to sign the statement of costs with the workers` unions. CLICK HERE TO KNOW YOUR NEW CLERICAL AND BASE NAME SIR, I retired on 30-06-2019 with Basic 42020-(former 8th deer) in May-2017. Will I get (new 9th deer) according to 11th bps? If so, how do I know if the 9th deer benefit was granted to me retrospectively and revised from the basic pension. Please help by e-mail.

Thanks to the special allowance: the special allowance should be revised upwards significantly, but within the cost. Revision of the ERS, the transport allowance and the medical aid: After the completion of the percentage of the special allowance, these points would be completed. *1.* Adoption of a new set of CP indices for D.A. calculations and formulas for the calculation of AD to be adopted at the next meeting of the Test Committee. *12.* The unions wanted the time interval between office hours and working hours to be 2 hours instead of the current 1 hour. This request was categorically rejected by the IBA. As a result, the talks ended in failure and the unions decided to continue the strike on 31 January and 1 February for 2 days. *10.* Punishment: In case of serious misconduct, the *fine* may be waived as a penalty. The current special allowance can be combined with the basic salary application if it turns out that the additional costs of pension insurance benefits are affordable. Other points such as PQP, SpecialPay, FPP, HRA, Medical Assistance, etc. are elaborated.

In addition to the special allowance of 16.4 per cent for clerical and auxiliary staff, the AD is also paid out of the transportation allowance. In view of these developments and areas of understanding, the article-by-article distribution to the various components is finalized. The revision of the powers of the special remuneration posts and the increase in the level of the special salary are currently under discussion and need to be completed. It was also agreed to sign the regulation as soon as possible. Scale V: 89890 – 2500 x 2 – 94890 – 2730 x 2 – 100350 Scale I to Scale III: 16.40% of the base salary with applicable DA. *4.* Sabbatical for all employees. The question is left to the individual banks. The IBA announced that the issue of the mandate up to level VII has been resolved. *3.* For the adoption of children up to 1 year ML agreed certain conditions. 1.

From Rs. 7808 crores (15%) of the total amount agreed together in the Memorandum of Understanding for white collar and executives, the amount allocated to blue-collar workers would be Rs 3385 crore. Therefore. Hrsg. 495 Crores would be paid to Pay + DA and the rest Rs. 2890 Crores would be distributed to other components. ZONE I (Popln of > 12 Lakes): Agra, Bhopal, Coimbatore, Indore, Jaipur, Kanpur, Kochi, Lucknow, Ludhiana, Madurai, Nagpur, Patna, Pune, Surat, Vadodara, Varanasi etc. The following points seem to have been decided so far! 5. The question of granting a further increase in stagnation and also of improving the periodicity, i.e. the sanction of all stagnation surcharges every two years for clerical cadres and sub-forces. The topic will be discussed in more detail and finalized. 9) It was agreed to increase the banks` contribution to the NPS fund to 14%, i.e.

14% of the Pay & Dearness allocation instead of the current rate of 10% from the expected date of signing the settlement, subject to government approval. This means that 100 rupees become a basic gift of rs.163. The conversion number will therefore be 1.63. I took 10% burden for the update because in the last update, 10% of the burden was given to all retirees, regardless of their retirement date. If the load is lower, the conversion factor decreases accordingly. After the merger to the 6352 index, the D.A. price will be 7 Paise above rs 6352. The backlogs come from the implementation of the update, i.e. March 2019. 6) The balance 13% will be distributed in various agreed quotas! 11.

Two-tier settlement for bank employees: The annual increase in salary and allowances is agreed at 15% of the payroll as of 31-3-2017, which corresponds to 7,898 crore rupees on the components of the pay slip. 8) From calendar year 2020, in addition to the redemption of PL at the time of retirement and during the use of LFC, the redemption of PL would be allowed 5 days in the calendar year (7 days in the case of employees/officers aged 55 and over) at the time of a festival of their choice. Central Committee (Workmen) meeting of 28 November 2019 GRADE MAJOR “A”: Ahmedabad, Bangalore, Hyderabad, negotiations can take a decisive turn at the next meeting on *3 December 2019.*. It was decided by the IBA to hold a meeting of the group on 31 October 2020 (Saturday) at 10:00.m. at the IBA Committee Hall, Cuffe Parade, Mumbai. *9.* OT: For a simplified and improved methodological note is submitted by the unions. Will be discussed in more detail. *5.* CFL: There will be an improvement in the distance allowed to understaffing.

The PLI is paid to all employees and above the normal salary. The PLI matrix decides the amount to be paid to employees (in number of basic pay days + DA) based on the bank`s annual performance. All employees receive the number of pay days as an incentive, depending on where in the matrix the bank`s performance largely corresponds to the matrix under: Every five years, the Indian Banking Association (IBA) and the Bank Employees` Unions negotiate the salaries of more than 8 Lakh bank employees who work in public sector banks. After that, the IBA president invited the union leaders, increasing the offer of a 15% increase in the cost of the components of the payroll. But he did not agree with the unions` demands, such as public holidays every Saturday and Sunday. Merger of special allowances with base salary. The IBA agreed to provide a revised form after the topic had been further discussed. Purchase of PL of 5 days per year (purchase of additional PL at the time of the LFC). For employees with less than 5 years of service 7 days pl of exchange per year.. .