In this connection, we enclose following documents. Oct 19, 2018 bipartite settlement 10th bps 10th bipartite settlement memorandum of settlement dated 25th may 2015 between the managements of 43 banks as represented by the indian banks association and their workmen as represented by the all india bank employees association, national confederation of bank. We give below the final position as are contained in the settlement for the benefit of our unions are members. This is the very useful information for officers who were in the service of the bank. Wage revision for bank officers and workmen may be done. The pension option settlement has also been signed under the banner of ufbu, all the 9 unions have signed the agreements covering both employees and officers. As of now, the tot al workman covered by these banks is around 6,50,000. Does it mean officers cannot apply for extraordinary leave. Gratuity in the banks is payable to employees and officers both under the gratuity act, 1972 as well as under the provisions of our bipartite settlement for employees and as per osr for officers whichever is higher.
Iba inked with employee unions and officers association posted by admin may 25, 2015 0 comments indian banks assassination. Officers in jm grade scale i who have moved to scale of pay for mmg scale ii in terms of regulation 5b after reaching maximum of the higher scale shall be eligible for four stagnation increments for every three completed years of service of which first two shall be rs. Bank unions will decide on strike action soon to press for early settlement of wages approval of salary revision for officers of bank 10th bipartite settlement latest developments on 10th bipartite settlement wage revision for bank employees. Salary of sbi clerk after 10th bipartite settlement. The 11th bipartite settlement is due from november 1, 2017.
Iba has raised its offer to 10% hike but the bipartite talks are stuck as the all. I can see that there is no information about extraordinary leave in officers jointnote2015. May 25, 2015 10th bipartite settlement wage agreement for bank employees. Bank unions will decide on strike action soon to press for early settlement of wages 10th bipartite settlement wage agreement for bank employees. The last phase of meeting with finance ministry and iba is being going on, we are hoping that within a week the outcome will be published. You are here staffnews bank 10th bipartite settlement wage agreement for bank employees.
Apr 17, 2015 tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. Leave rules for bank officers and employees banking school. Apr 12, 2017 11th bipartite settlement is due on dated 01st nov 2017 for public sector bankers psb. Under section 2p and section 181 of the industrial disputes act, 1947 read with. Gratuity under the 10th bp settlement signed news uco. Iba inked with employee unions and officers association. Banks governed by officers service regulation 10th.
For every rise or fall of 4 points over 2288 points in the qud,terly average of the all. Bps joint note dated 2552015 finalising salary revision for workmen officer. Wage revision of bank employees is due from november 2012 and bank employees unions and officers association submitted their charter of demand for 10th bipartite to iba indian banks association on 30. Fitment and pay fixation on promotion psu bank employees. Bank unions will decide on strike action soon to press for early settlement of wages. Officers wage revision new pay scales 10th bps bank bipartite settlement basic pay 23700 to 85000. Salary of bank employees after 11th bipartite settlement.
Approval of salary revision for officers of bank 10th bipartite settlement latest developments on 10th bipartite settlement wage revision for bank employees. Nov 27, 2014 workmen and officers have different policy. Mar 01, 2017 wow i mean people are really optimistic with the wage settlement and everything. Aibea agrees on iba offers of 12% salary hike in 11th bipartite wage settlement editor. Workmen unions and officers associations on wage revision. Latest news on 10th bipartite settlement 25 may 2015. May 10, 2018 we informed the iba that in the 10th bipartite settlement, there was increase of 15% hike in wage bill and hence this offer of iba is highly disappointing and totally unacceptable even as an initial offer. Clause 17 of the fifth bipartite settlement dated 10th april,shall stand deleted. Indian banks association inked wage settlement with employee unions and.
X bipartite bank employees wage revision settlement. Memorandum of settlement dated 25th may 2015 between the managements of 43 banks as represented by the indian banks association and their workmen as represented by the all india bank employees association, national confederation of bank employees, bank employees feder. Clerical staff 3 3 4 3 4 it is generally perceived that there is scope for redeployment of staff in banking industry. Calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. Salary revision for officer employees of public sector banks. Officers wage revision new pay scales 10th bpsbank. Management of banks which are parties to the bipartite settlement and. Here you can get the other highlights of the settlement. Including private banks and foreign banks who are parties to the settlement, around 4,80,000 as on 11 12012. Fitment and pay fixation on promotion psu bank employees now in majority of psu banks promotion process is complete, and fitment and pay fixation for the promotes is under process. Government and iba has agreed on the 10th bipartite wage. The settlement dated 14th december 1996 was coterminus with the settlement dated 14th february, 1995.
Gu all india bank of baroda employees federation, mumbai in substitution of clause 9 of the bipartite settlement dated 27th april 2010 with effect from 1st november 2012, the house rent allowance. Jun 10, 2019 9th bipartite settlement for bank officers pdf glimpses of signing ceremony of 9th bipartite. Wage revision bank employees 10th bipartite settlement. Officers in mmg scale ii who have moved to scale of pay for mmg scale iii in terms of regulation 5 b after reaching maximum of higher scale shall be eligible for three stagnation increments of rs. More than 50,000 retirees will also get the option to join the pension scheme. What will be the basic pay for bank poso after 11th. Stagnation increments, special pay, graduation pay, professional qualification pay and officiating pay, if any. F about 6 lacs workmen employees covered by this settlement. Gu all india bank of baroda employees federation, mumbai in substitution of clause 9 of the bipartite settlement dated 27th april 2010 with effect from.
Tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. Sep 14, 2014 10th bipartite settlement calculation end of the long waiting day seems to be over for bankers. The settlement covers 46 banks 26 public sector banks, 12 private sector banks and 8 foreign banks and would benefit 4,77,000 workmen employees and 2,75,000 officers. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. X bipartite bank employees wage revision settlement points between iba and bank unions on february 23, 2015 in 10th bipartite discussions, bank employees news, bipartite settlement, national union of bank employees. We have received many calls with regard to fitment charts, as per the 10 th bipartite settlement.
Latest news on 10th bipartite settlement 25 may 2015 aibea. X bipartite bank employees wage revision settlement points. We informed the iba that in the 10th bipartite settlement, there was increase of 15% hike in wage bill and hence this offer of iba is highly disappointing. The indian banks association iba representing the managements.
Iba inked with employee unions and officers association posted by admin may 25, 2015 0 comments. February 23, 2015 in 10th bipartite discussions, bank employees news, bipartite settlement, national union of bank employees x bipartite bank employees wage revision settlement points between iba and bank unions indian banksassociation minutes of the dis. Here are the proposed charted of demands for supplement allowances paid other than salary to officers at various scales. The settlement dated 10th april, 1989 was for a period of five years with effect from 1st november, 1987. The settlement is preceded by 30 months of negotiations between the iba and the unions. In respect of 43 banks listed in schedule 1 to this memorandum of settlement, except the. He has also stated that the officers associations are creating impediment to the settlement. Jan 15, 2018 it is difficult to predict any exact sum regarding the increase in salary of bank employees after 11th bipartite settlement. For retirees also we have asked iba to workout a similar scheme.
It is difficult to predict any exact sum regarding the increase in salary of bank employees after 11th bipartite settlement. Officers associations on wage revision for officers in banks. We have already informed all our units and members about the happy news of signing the 9 th bipartite settlement on 27. B a bipartite settlement was signed between iba and national organisation of bank workers nobw on 22nd october, 1997 whereby nobw agreed not to seek reopening of any of the industry level settlement signed subsequent to settlement. The data mentioned in the answers above are not even mentioned by the unions and association in their demand. Are officers not covered under 10th bipartite settlement workmen. Salary revision and pension option it is a momentous and historical settlement signed by. Wage revision of award staff and officers in terms of bipartite settlement. Banking department of financial services ministry of finance.
Settlementjoint note and partly by 10th bipartite settlementjoint note, the last. All india bank employees association reproduced the clarification in 10th bipartite settlement for clerks and substaff. All other existing provisions relating to house rent allowance shall remain unchanged. Public sector bank employees may calculate their salary difference after 11th bipartite wage revision here is the projected salary calculator based on 11th bps.
In the long 70 years of journey of aibea, improving the economic conditions of the bank employees has been a major task. Anything connected to 11th bipartite wage settlement can be added here. Public sector bank employees salary bipartite settlement updates. Salary of sbi clerk after 10th bipartite settlement state bank of india sbi is the premiere public sector bank of india with over 0 branches. Basis for demands the process of wage revision must. Since the eight bipartite settlement, the wage hike talks have been held jointly for workmen and officers.
The process of wage negotiation for public sector bank officers and workmen may be done separately again after oneandahalfdecade with the largest officers union boycotting the talks while the workmen unions are in favour of going ahead with it. Earlier we had been informing about the understandings reached on various items. Officers service regulations joint note 10th bipartite. Apr 27, 2010 under the settlement all the remaining 2,60,000 employees and officers who are now covered by cpf would be given a chance to join the pension scheme. Aug 29, 2019 clerical staff 3 3 4 3 4 it is generally perceived that there is scope for redeployment of staff in banking industry. May 21, 2015 officers wage revision new pay scales 10th bpsbank bipartite settlement basic pay 23700 to 85000. All the existing permanent officers employees of the banks which are parties to this.
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