BREAKING NEWS

 

ALL INDIA BANK OFFICERS’ CONFEDERATION
(Registered under the Trade Unions Act 1926, Registration No.:3427/Delhi)
C/o Bank of India, Parliament Street Branch
PTI Building, 4, Parliament Street, New Delhi: 110001
Phone: 011-23730096 Tel/Fax 23719431
E-Mail: aiboc.sectt@gmail.com

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Circular No. 2015/25                                                                                   Dated: 25/05/2015 

To All Affiliates/State Units/Members

Dear Comrades,

A LONG DRAWN BATTLE CONCLUDES
 10TH BIPARTITE SETTLEMENT SIGNED

signedpic

“FIRST THEY IGNORE YOU, THEN THEY LAUGH AT YOU, THEN THEY FIGHT YOU, THEN YOU WIN” – (Mahatma Gandhi).  Precisely speaking these were the stages, we all witnessed while fighting our battle for a fair wage settlement. There had been umpteen numbers of roadblocks, resistances and backward pulls from many quarters in our road to reach final settlement. But, let us salute and congratulate our membership for the stoic solidarity, which made the 25th May, 2015, another historic day in the history of Trade Union Movement of the Banking Industry when the anxiety, apprehensions, restiveness thrusted upon us for more than two and a half years could be put to an end by signing of 10th Bipartite Settlement ! Comrades, ultimately, clarity has emerged for our future stand and actions.

Please refer to our last Circular No. 2015/24 dated 20.05.2015, whereby, we had apprised our members about signing of Cost Sheet / Distribution Sheet for Officers under 10th Bipartite Settlement on 20.05.15. The salient features with regard to pay slip component were also highlighted in that circular. However, we would like to clarify that the additional stagnation increments for Scale II and Scale III and one for Scale IV would be made effective from 01.05.2015 only. The dates mentioned in our Circular No. 2015/24 were because of a mistake in the Cost Sheet. However, the contract of stagnation increment has been as per the prevailing practice followed in the past.

We would also like to mention that there have been many representations regarding reduction in the pension amount for those retired after 01.11.2012. Let us clarify that with merging of D.A. amount and 2% load, the basic pay has increased substantially whereas, DA amount has reduced. Therefore, the commutation amount also works out higher, leaving the residual pension lesser than the pre-revised salaries. However, we took up the matter with IBA and they have agreed to incorporate a clause to give option to the retirees to choose the percentage of commutation in the arrears payable as per their choice to keep the residual pension not lesser that the earlier one.

We had also advised our members that joint note will be signed on 25.05.2015. We are happy to advise our members that the process has been concluded today by signing of joint note. The copy of joint note is being attached with this Circular.

IBA has agreed to advise the Government to permit the banks to make payment of arrears as ad-hoc amount, pending amendments to the regulations.

    With comradely greetings,   

   Yours comradely,

Sd/-

(HARVINDER SINGH)
 GENERAL SECRETARY

Our unity Long Live ! Long Live Our Unity !!

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SBIOA wishes a very
HAPPY BIRTH DAY
to our following colleagues
SBIOA wishes a very
HAPPY & CONTENTED LIFE
after retirement to our following colleagues

 

WHAT IS NEW

newCongratulations..!! 10th Bipartite settled signed. See detailed circular No. 2015/25 dated 25/05/2015 issued by the All India Bank Officers' Confederation.

Best of Luck : Interview for promotion to JMG- I to MMGS-II & MMGS-II TO MMGS-III. Pl. down load INTER VIEW BOOKLET

newDistribution chart finalised. Pay scale- 23700 to 85000.  One additional stag increment to Scale-2,3,&4 once in 2 years.  CCA 870 & 600, PQP 670 & 1680.  HRA 7,8 & 9%.  Spl Allowance 7.75 (scale 1 to 3), 10% (4&5), 11% (6 & above)+ DA. Joint note to be signed on 25th.

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