AIBEA Wage Revision | AIBEA Union 2012

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ANNUAL WAGE INCREASE OF RS. 4816 CRORES FROM

1-11-2007


ONE MORE OPTION FOR PENSION ACHIEVED

WE DEDICATE THIS ACHIEVEMENT TO THE MEMORY OF
COM. PRABHAT KAR ON HIS 25TH DEATH ANNIVERSARY DAY

Yes, today, 27-11-2009, is the 25th death anniversary of our great leader and doyen of bank employees trade union movement, Com. Prabhat Kar. On this solemn day and during the centenary year of this father of our movement, we deem it a befitting commemoration and tribute to his life-long pioneering role in shaping up the service conditions of bank employees that the Minutes have been signed with the IBA on our wage revision demand and more importantly, securing another option for more than 3 lacs of employees/officers/retirees to get the benefit of our unique pension scheme.

Salient features:

a) Annual wage increase of Rs. 4816 ( Rs. 2239 crores for officers and Rs. 2576 crores for workmen employees ) w.e.f. 1-11-2007.

b) All the existing employees who are now in PF scheme will be given an option to join the existing pension scheme.

c) All those who have retired after the date of Pension Regulations till date will also be given an option to join the pension scheme.

d) Full settlement on the above to be finalized within 90 days.

Wage revision – what we have achieved:

7th BPS

8th BPS

NOW

Additional annual wage load

12.25 %

13.30 %

17.50 %

Total quantum of annual wage increase (Officers & Workmen)

1497 crores

2200 crores

4816 crores

Annual Average Per Capita Increase

Ø For Workmen employees

Ø For Officers

12,550

24,025

23,300

43,600

56,200

91,800


ONE MORE OPTION TO JOIN PENSION SCHEME

– A UNIQUE ACHIEVEMENT:

In 1993, after bitter struggles and against all odds, AIBEA and AIBOA achieved pension scheme for bank employees. Today, once again, with the leading role of AIBEA and AIBOA, another milestone has been anchored. More than 3 lacs bank employees, officers and retirees will now get another option to join the pension scheme to insulate themselves with this unique social security benefit. It is a very commendable achievement indeed.

Dear comrades, with the signing of this Minutes, the main understandings have been reached. Now the UFBU will be taking steps to expedite the final settlement with revised pay scales, allowances and other improvements and thereafter for implementation of the same and payment of arrears to the employees.

Dear comrades, on this happy occasion, it is necessary to remind ourselves that these achievements were preceded by persistent efforts and protracted negotiations by the leadership of UFBU and backed up by the exemplary unity of the bank employees and officers and their successful participation in the strike actions. It is the result of our unity, militancy and perseverance.

OUR CONGRATULATIONS AND WARM GREETINGS TO ALL OUR UNITS AND MEMBERS.

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Ask a Question:

  • Please let me know the latest news regarding pay revision with IBM I am a pensioner of Syndicate Bank

    S N Mohan on 22 Feb 2014
  • Please let me know the latest talks with IBA regarding 10th bipatrment talks

    S N Mohan on 22 Feb 2014
  • Can i received copy of the 9th bipartite settlement rules &
    regulation

    Rajendra Oza on 05 Sep 2013
  • outcome of 22nd submissions by IBA and discussions. General talk among the economic society is that the wages at entry level in the banking industry is at low web. When private banks are planning for opening of more branches with the good package to Existing employees/officers what will be the present discussion scinerio.

    KATTA SEETHA RAMAIAH on 23 Apr 2013
  • 2nd face of meeting on 4th instant for 10th bps has been postponed by iba,reason unavoidable,even not declaring the next date.I appeal to the top leaders of united forum not to take it lightly.They must ask the iba for postponement the schedule fixed date and without announcing the next round of meeting to get the settlement with an early date.

    Ganga Saran Varshney on 08 Mar 2013
  • i am working in bank of baroda at baroda, up to which period the 10 bps will be finalised and what is the expected level of rise in percentage

    dinu chaudhary on 06 Mar 2013
  • iworked in bank of india from 1969 till 1998 thenileft for u.s.a.i could notget vrs tho iapplied.but then do not allow to take option for pension .please advice me to do what regarding geting pension thanks

    krishnakant on 03 Feb 2013
  • What is the current position / status of the Charter of Demands submitted by the Unions in respect of award staff for the 10TH Bi-part settlements.

    JAGANATHAN K on 01 Feb 2013
  • Why not assistant basic pay 66.66% of bank officer starting basic pay as per their qualification?
    Why not all facilities for award staff like officer as per their basic pay exist?
    Why stagnation start from 20th year service? It should not be before 34 year of service or 56 year of age

    ASHOK GUPTA on 05 Jan 2013
  • What is the current status of the Charter of Demands submitted by UFBU for the 10th BP settlement? If there had been any correspondences with IBA or Discussions with IBA and let me know the outcome of the same.

    JAGANATHAN K on 27 Dec 2012
  • what is new changes for MMGS-II SCALE OFFICER IN 10TH BP AND ANY MODIFIED CHANGES ARE EXPECTED FOR STAGNATION EMPLOYEE ON COMPLETION OF CAIIB

    UPPOD LAXMAN on 13 Dec 2012
  • what is new changes for MMGS-II SCALE OFFICER IN 10TH BP AND ANY MODIFIED CHANGES ARE EXPECTED FOR STAGNATION EMPLOYEE ON COMPLETION OF CAIIB

    UPPOD LAXMAN on 13 Dec 2012
  • pl.inform the duties and responsibilities of Special Assistants as per latest settlement

    GURURAJ B on 06 Dec 2012
  • PLEASE LET ME KNOW WHAT IS THE FATE OF RECNETLY SUBMIITED TO IBA CHARTER OF DEMANDS OF 10TH BP SEETTLEMENT INCLUDISNG PENSION UPDATION & OTHER DEMANDS OF PENSIONER??

    MANMATH KUMAR GAUTTAM,,UNION BANK on 30 Nov 2012
  • PLEASE LET ME KNOW THE FATE OF 10TH BP SETTLEMENT CHARTER OF DEMANDS SUBMITTED TO IBA RECENTLY AND ALSO WHAT ABOUT PENSION ISSUES OF BANK RETIREES.

    MANMATH KUMAR GAUTTAM,,UNION BANK on 30 Nov 2012
  • please let me know the charter of demands for 9th bi partiate settelment

    R L NARASIMHA on 31 Oct 2012
  • sir presently i m working in a nationalised bank as a clerk, from 2008, with pension option, but now i get pass the specialist officer in another nationalised bank in 2011, do i get the benifit of pension from the base of previous job

    neetu on 17 Nov 2011
  • Iam a staff of HSBC. I want to know whether the sub staff doing degreee passed degree will get clerical post or not.Please check and send me the details. I am requesting you people to know the result.tks a lot sirs. C.KASTHURI BAI

    C.KASTHURI BAI on 31 Oct 2011
  • Memorandum J (5) of bipartite settlement dated 10-4-2002
    What is there in Memorandum J (5) of the above settlement and please give some clue

    Mahmadshafi A Vohra on 26 Sep 2011
  • pl.inform aboutFamily pension rules for different categories of bank employees specially officers retired on
    30th june 2001 under VRS.

    P.L.Vij on 06 Sep 2011
  • I worked with Union Bank of India for 30 years and was on SABATICAL LEAVE on medical ground for 4 years. On 1 February 2008 I was compelled to resigned on health ground. And I was denied II Option for Pension being PF OPTEES.
    Please let me know whether I will get PENSION OPTION?
    Suresh P. Multani

    Suresh P. Multani on 10 Jun 2011
  • I joined Bank of India on 21st may 1981 and was relieved on 14th feb 2001 after taking VRS under golden hand shake. Though I have completed 19 years and 9 months reckoned as 20 years for golden hand shake additional 5 years for pension not reckoned. Bank says I have not completed 20 years for pension purpose. I am getting prorata pension without addtion of 5 years. Please help me. I am a pension optee from 1995.

    SN HEMALATHA on 10 Mar 2011