Revision of wage settlement every 10 years -unacceptable says UFRBOE

14 Mar

Today the representatives of the UNITED FORUM OF RESERVE BANK OFFICERS AND EMPLOYEES met ED Sh. R.K. Gandhi and conveyed their strong resentment against the informal proposal floated by M/o finance to revise Pay scales of the staff every 10 years instead of existing 5 years. The proposal of Revision of Pay-scales every 10 years is unacceptable and non-negotiable said the Forum.

For more than 60 years the service conditions of class III and IV staff have been  determined through  the mutual  Bipartite settlements  every five years.
These settlements have stood test of the times, and there seems no valid  reason to change it midway when the bipartite talks between the IBA and other Banks, and RBI and Associations are continuing. The hurt ego of some Babus in M/o finance seems to be the only reason, feel the Bank Employees .
Ministry of finance has also proposed to update Pension:
1.After every ten  years  on Pay + Grade Allowance.

Reserve Bank Employees demanding Pension Updation at New Delhi

Reserve Bank Employees demanding Pension Updation at New Delhi

2. Review of all perks  has also been proposed.

We are ready to negotiate on  Updation of Pension proposals say Associations’ representatives.

Representatives of UFRBOE are likely to  meet the Governor this week on this issue.

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6 Responses to “Revision of wage settlement every 10 years -unacceptable says UFRBOE”

  1. VRRao 14/03/2014 at 2:39 pm #

    Thanks for the update.You are doing a good job.What about opening of Pension option? Regards.

    Like

    • wdtom 15/03/2014 at 11:30 am #

      thanks! let us wait and see.

      Like

  2. Naren Joshi 15/03/2014 at 10:30 am #

    The proposal is atrocious and needs be resisted with total determination by the entire work force with all their might.

    Like

    • M G WARRIER 18/03/2014 at 9:01 pm #

      Too much is being read into the so called proposal and the protest. Let the industry, not just RBI employees, note that the earlier negotiated settlement which had a validity period of five years expired and one revision is due. Those who negotiate next settlement should decide the validity period for the renewal. Under the current circumstances, there is a case for bringing down the period of validity from five years. If the period is to be raised, the ‘load’ will be heavier and that is for the employers to think about.
      M G Warrier, Thiruvananthapuram

      Like

  3. Y.L.N.Rao 19/03/2014 at 8:46 am #

    It is atrocious.It has to be resisted by one&all united lay.

    Like

  4. k unnikrishnan 02/04/2014 at 12:24 pm #

    I dont understand the logic behind the idea of updating the pension after every 10 years. That means a retired employee may get his pension updated only once in his lifetime, because if he is to get the second updation, he has survive beyond the age of 80 years
    which is very vey remote. In other words the GOI wants to tell us that the pension updation will be only once in a life time, that is, after 10 years of retirement. We should not never agree for this draconian condition. What is the idea when the government is increasing the petrol and diesel price every month and every week and the cost of service every year !!!!!!

    Like

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