As per UFBU , circular dated 12th Aug 13 the following points have been agreed to during the negotiations.
1. Date of effect: 1st November, 2012
In response, the IBA agreed that the new wage settlement would be effective from 1st November, 2012 i.e. the date from which the 10th Bipartite Settlement is due.
2. Merger of DA for constructing revised Pay Scales:
IBA agreed to merge Dearness Allowance as on 1-11-2011 upto 4440 Consumer Price Index i.e. 401 slabs and construct new pay scales accordingly.
merger of 401 slabs= 401*.15=60.15%
the new slabs are likely to be calculated @0.10%.
3. Increase in wage load: NO Decision yet.
4. REIMBURSEMENT OF HOSPITALISATION EXPENSES:
Mediclaim via TPA up to Rs.2 lacs for sub staff,
Rs. 3 lacs for clerical staff.
and Rs. 4 lacs for officers per year.
– a detailed study is required on the contents of the scheme offered before responding.
5. Management’s issues: the matter remained inconclusive.
Compassionate ground appointment Scheme:
IBA informed us in today’s meeting that its recommendations for introduction of compassionate appointment scheme on similar lines prevailing in Central Government for its employees has been sent to Ministry of Finance, Govt. of India for its approval.
how the merger of DA @ 60.15% will affect pay scales!- see next post
All India RBI Oers Pensioners Forum 
Will the bipartite agreement help the officers financially retired under OERS
LikeLike
Bipartite settlements provide a groundwork for merger of DA while revising future wages in RBI.The wage agreements do not help retirees unless the Pension is updated/revised.
LikeLike
Is there any time frame under which pension is revised or updated barring the half yearly revision of DR
LikeLike
updating pension has not been approved by M/o finance despite very strong demands from RBi and other Banks. for full details visit airbiopf.org
LikeLike
Thanks.
LikeLike
compassionate appointments should be made,the earliest possible in the banks as it has been hanging since 1996.
LikeLike
According to UFBU circular in the post “its(IBA) recommendations for introduction of compassionate appointment scheme on similar lines prevailing in Central Government for its employees has been sent to Ministry of Finance, Govt. of India for its approval”
wait and see.
LikeLike
Perhaps banks are interested to give the ex-gratia amount in lieu compassionate appointment upto 25lacs for officers,20 lacs for clerk and 15 lacs for sub-ordinate staff
LikeLike
All the pictures will be cleared within a month i.e. in september,2013 regarding compassionate appointment as well as ex-gratia amount in lieu of compassionate appointment in banks.
LikeLike
bank’s unions has forgot compassionate appointments issue ,they are not interested to resolve the sensitive issues.many needy families are waiting for this.
LikeLike
yes sir . this is very big point
LikeLike
When will the government implement compassionate appointments in banks? It seems that
the government is making fool to the bank-employees with the help of IBA. Banks’ unions have been simply saying to implement compassionate appointments since 1997 but they are not taking serious steps in this regard knowingly that IBA and government always use to give a lollypop of hope.They both always say that it will be settled in a month or two but 16 years have been past and the matter has not been solved.
LikeLike
Dear sir,
they all are just cheating us and doing nothing in this regard saying that it will be settled in a month or two.The Congress Government is heartless.
LikeLike
What is the problem to implement compassionate appointment in banks ? Many families are waiting for this. UFBU should take serious steps in this regard.Many families of bankers who died in harness are presently hand to mouth.
LikeLike
In a recent meeting it has been informed that within two months ,banks will implement compassionate appointments and all the past cases will be reconsidered.
LikeLike
Thank you ,sir.We are hand to mouth, sir.
LikeLike
What about widow pension in the 10th Bipartite settlement.
LikeLike
this is part of family pension and will come up during the discussion on pension issues .now even wage settlement is stuck!
LikeLike
Is ufbu doing something for the past cases of compassionate appointments in the banks prior to 31.07.2004
LikeLike
please keep us informed about pension updation
LikeLike