Bank Employees Wage Revision – 11th BPS Wage Settlement – 11th Bipartite News 2019
11th BPS Wage Settlement – Demand 20% Pay Hike – Meeting will be held on 29.8.2019
11th Bipartite Wage Revision Settlement – UFBU demands 20% Pay Hike – Important Meeting will be held on 29th August 2019
The next wage negotiation meeting will be held on 29.8.2019 (Thursday) between Negotiation Committee of IBA and representatives of UFBU in Mumbai.
Indian Bank’s Association (IBA) invited all the representatives of UFBU to attend the meeting with Negotiation Committee of IBA.
Bank employees are expected to arrive positive decision in this meeting.
11th Bipartite Charter of Demands
The 11th Bipartite Charter of Demands submitted by AIBOC, AIBOA, INBOC and NOBO to Indian Bank Association
The Basic principle of our wage revision should be based on the Constitution of India which begins as,
“WE, THE PEOPLE OF INDIA, having solemnly resolved to constitute India into a SOVEREIGN SOCIALIST SECULAR DEMOCRATIC REPUBLIC and to secure to all its citizens:
JUSTICE, SOCIAL, ECONOMIC AND POLITICAL; LIBERTY of thought, expression, belief, faith and worship;
EQUALITY of status and of opportunity; and to promote among them all FRATERNITY assuring the dignity of the individual and the unity and integrity of the Nation;
IN OUR CONSTITUENT ASSEMBLY this twenty-sixth day of November, 1949, do HEREBY ADOPT, ENACT AND GIVE TO OURSELVES THIS CONSTITUTION.”
SALARY AND ALLOWANCES
The remuneration package of the Bank officers needs to be framed in such a manner that officers would feel that they are valued and fairly paid considering their work load and undertaking of enormous risks and responsibilities.
They should be treated at par with Government officials and PSU officers. As stated in the 7 Pay Commission Report the status of an officer in the society should also be taken into account while fixing the salary.
Remuneration of officers is an important element of proactive functioning in Banks in this era of competitive scrimmage and their commitment, dedication and hard labour towards the progress of the economy of the country.
In general, the level and structure of salary / remuneration / compensation should aim to achieve four objectives as under:
(i) Salary Structure should be sufficient to attract and retain quality officers.
(ii) Salary Structure should motivate officers to work hard.
(iii) Remuneration should induce other human resource management reforms.
(iv) Salary should be set at a level to ensure relativity with minimum salary in Banks and officers’ initial pay in line with compression ratio, as shown below, of Central Government Group A officers’ initial pay and their minimum pay of Group D employees.
(v) Salary should take into account the Risk, Responsibility, Accountability and also the Transfer ability of Officers.
(vi) The Bank Officers have a status similar to the Govt Officials and to maintain that status the salary should be adequate, by offering additional cushion.
(vii) As promotions depend only on vacancies which depends on the presence and business of the individual banks nobody should be allowed to stagnate and running scale should be introduced.
(viii) The anguish, agony and the aspirations of lady officers should be taken into account
(ix) Superannuation benefits should help one to live a respectable life after retirement
(x) The hard work and contribution of the bankers for the development of the economy should be acknowledged through decent salary hike and allowances.
Table: 1
Compression ratio of minimum Basic Pay of Group D employees and Group A officers under different Pay Commissions of Central Government
A*=Central Pay Commission, B*=Minimum Basic Pay (Group D) Rs. , C*=Minimum Basic Pay of Officer Grade (Group A) Rs. D*=Compression Ratio
| A* | B* | C* | .D* |
| III CPC (1973 to 1985) | 196 | 700 | 1: 3.57 |
| IV CPC (1986 to 1995) | 750 | 2200 | 1: 2.93 |
| V CPC (1996 to 2005) | 2550 | 8000 | 1: 3.13 |
| VI CPC(2006 to 2015) | 7000 (Band Pay 5200 + Grade Pay 1800) | 21000 (Band Pay 15600 + Grade Pay 5400) | 1: 3 |
| VII CPC(2016 onwards) | 18000 | 56100 | 1: 3.11 |
Table: 2
Compression ratio of minimum Basic Pay of Sub-Staff and Officer Grade under different bipartite Settlements in Banks
A*=Bi-partite Settlements, B*=Minimum Basic Pay (Sub-Staff) Rs. C*=Minimum Basic Pay of Officer Grade Rs., D*=Compression Ratio
| A* | B* | C* | D* |
| 2nd Bipartite (01.01.1970) | 116 | 500 (01.01.1970) | 1: 4.31 |
| 3rd Bipartite (01.09.1978) | 245 | 700 (01.10.1979) | 1: 2.85 |
| 4th Bipartite (01.07.1983) | 430 | 1175 (01.02.1984) | 1: 2.73 |
| 5th Bipartite (01.11.1987) | 815 | 2100 (01.11.1987) | 1: 2.57 |
| 6th Bipartite (01.11.1992) | 1600 | 4250 (01.11.1992) | 1: 2.65 |
| 7th Bipartite (01.11.1997) | 2570 | 7100 (01.11.1997) | 1: 2.76 |
| 8th Bipartite (01.11.2002) | 4060 | 10000 (01.11.2002) | 1: 2.46 |
| 9th Bipartite (01.11.2007) | 5500 | 14500 (01.11.2007) | 1: 2.63 |
| 9th Bipartite (01.05.2010) | 5850 | 14500 | 1: 2.47 |
| 10th Bipartite (01.11.2012) | 9560 | 23700 (01.11.2012) | 1: 2.47 |
Charter of Demands submitted by
ALL INDIA BANK OFFICERS’ CONFEDERATION [AIBOC]
ALL INDIA BANK OFFICERS’ ASSOCIATION [AIBOA]
INDIAN NATIONAL BANK OFFICERS’ CONGRESS [INBOC]
NATIONAL ORGANISATION OF BANK OFFICERS [NOBO]
The Basic principle of our wage revision should be based on the Constitution of India which begins as,
“WE, THE PEOPLE OF INDIA, having solemnly resolved to constitute India into a SOVEREIGN SOCIALIST SECULAR DEMOCRATIC REPUBLIC and to secure to all its citizens: JUSTICE, SOCIAL, ECONOMIC AND POLITICAL; LIBERTY of thought, expression, belief, faith and worship; EQUALITY of status and of opportunity; and to promote among them all FRATERNITY assuring the dignity of the individual and the unity and integrity of the Nation; IN OUR CONSTITUENT ASSEMBLY this twenty-sixth day of November, 1949, do
HEREBY ADOPT, ENACT AND GIVE TO OURSELVES THIS CONSTITUTION.”
- No. of Civil Pensioner, Defence Pensioner and Railways Pensioner in 2023 September 9, 2023Read more…
- West Bengal Pensioners and Family Pensioners Life Certificate Submission by using Smartphone September 6, 2023Read more…
- All India Pension Adalat 2023 and Pre-retirement Counselling August 14, 2023Read more…
- Retiring Central Government Employees-Get Retirement Benefits on Time June 19, 2023Read more…
- Handbook of National Pension System Statistics 2023 May 31, 2023Read more…
- Amendment of Rule 8 of CCS (Pension) Rules 2021 Regarding withholding and withdrawal of pension and gratuity due to departmental proceedings-DoPPW April 21, 2023Read more…
- Eligibility of Family Pension to Married Disabled Child – Railway Board Orders 2022 July 14, 2022Read more…
- GMP for OPD to RBI Pensioners Age 70 and above from 1.4.2022 to 31.3.2022 May 17, 2022Read more…
- Defence Pension Adalat 2022 through Video Conferencing in the 3rd week of March 2022 February 12, 2022Read more…
- Payment of Arrear due to Non-submission of the Life Certificate for Pensioners to the Period of 3 Years and Above September 21, 2021Read more…
- Submission of Life Certificate for Pensioners Last Date 2021 September 15, 2021Read more…
- DoPPW issues notification for Central Government employees covered under the NPS March 31, 2021Read more…
- Updated Rules and Instructions for Payment of Pension and Family Pension from Pension Disbursing Authorities May 18, 2020Read more…
- CG Pensioners Will Be Eligible For 75 Slabs of Dearness Relief January 4, 2020Read more…
- All India Pensioners Day 17-12-2019 November 26, 2019Read more…
- Freedom Fighter Pension / Family Pension Under Swatantrata Sainik Samman Pension Scheme November 20, 2019Read more…
- Submission of Life Certificate for Senior Pensioners Aged 80 Years and Above October 14, 2019Read more…
- Last date of submission of life certificate for Pensioners is October 25, 2019 October 14, 2019Read more…
- International Day of Older Persons and Pensioners September 29, 2019Read more…
- Government amends Rule 54 of CCS (Pension) Rules, 1972 September 25, 2019Read more…
- CCS (Pension) 2nd Amendment Rules 2019 September 24, 2019Read more…
- DoPPW Latest Orders 2019 – Revision of Pension for 5th CPC Pensioners July 13, 2019Read more…
- Time Period of Family Pension Rules After Death of a Serving Government Employee / Pensioner July 5, 2019Read more…
- CCS FR 56(j) Rule is High Sensitive for Central Government Employees Attained 50 and 55 years of Age July 3, 2019Read more…
- Regarding marking of PPO number in the bank passbook of Pensioners And Family Pensioners May 9, 2019Read more…