Bank mgmt, unions likely to agree on 24% salary hike
IBA, which is representing the government and managements of banks is reported to have agreed raise bank employees’ wage by 24% while on its part, the UFBU, an umbrella organisation of nine bank employees unions has moderated its demand to 29%.
A source, who is aware of the developments, told FE on condition of anonymity, that ‘Now it seems that both the IBA and UFBU, are likely to reach a consensus figure on what should be the gross hike in the salary of the bank employees.
Earlier the UFBU had demanded a hike not below 50% at any cost, keeping in view the 40% hike for the central government employees during the sixth pay commission.
However, the IBA told the UFBU that it was not possible to consider such a large hike as the hike in wages given to the central government employees was once in a decade, whereas for the bank employees, the wage hike was once in every five year..
The forthcoming meeting will be crucial in another aspect involving the second option of pension for those 2,60,000 bank employees that were deprived of the
resignee employeedilip b patel | 09-Feb-2010Reply | Forward When second pension option is approved it should also be extended to resignee employee also as there is no diffrence between resignation and vrs. on the contrary resignee gets lesser then pension optee. Why resignee employee are debarded from their rights?
objection toward bank harreshmentdilip b patel | 13-Mar-2010Reply | Forward Sir, When i tender my resignation on 29/06/2009,while i have also informrd my bank chairman the harreshment cause which has compelled to resign on 05/07/2009. whether i can creat objection toward sanction of my resignation and reinstate in bank?
pension option for resignedBalaji | 15-Feb-2010Reply | Forward Since pension is governed by pension regulations, and as per the said regulation resignation,etc will entail forfeiture of past service and hence not eligible for pension.