MEETING WITH IBA ON 7TH AND 8TH APRIL, 2010

CIRCULAR LETTER NO. 26/52/2010/13 9-4-2010


TO ALL OFFICE-BEARERS/STATE FEDERATIONS &
ALL INDIA BANKWISE ORGANISATIONS :


Dear Comrades,

MEETING WITH IBA ON 7TH AND 8TH APRIL, 2010

Further to the meeting held with the IBA on 3-4-2010 when the chart on distribution of the total cost of wage revision to various heads was finalized and signed, another round of meeting took place with the IBA on 7th and 8th April, 2010. AIBEA, NCBE, BEFI and NOBW took part in the meeting. ( INBEF did not sign the Distribution Chart on 3-4-2010 and did not attend the meeting with IBA on 7/8-4-2010).

In these 2 days meeting, the drafting of the Settlement was undertaken. Most part of the drafting exercise has been completed including revised schedule on PQP, FPP, hospitalization reimbursement scheme, Special Area Allowance, etc.

However, IBA insisted on their proposals on outsourcing to be incorporated in the Settlement to which we did not agree. We have stated that, at the best, some of items which do not affect the normal job/work of the employees can be considered for outsourcing and there cannot be any free hand to outsourcing of permanent and perennial jobs.

While finalizing the duties of Special Pay posts like Single Window Operators, Head Cashiers and Special Assistants, we have informed that additional duties can be considered subject to additional increase in Special Pay and hence their proposals could not be agreed to by us.

These two issues – both are vital issues – need to be sorted out before we can fully complete the drafting of the Settlement.

In the meantime, it has been decided that on 13-4-2010, another round of meeting will be held between IBA and UFBU to finalise the formula for contribution of Rs. 1800 crores to the Pension Fund as already agreed to in the MOU dated 27-11-2009.

After we sort out these important issues as stated above, date would be fixed up for formal signing of the Settlement on wage revision and pension option.

Further developments would be informed to units and members in due course.

With greetings,
Yours comradely,

C.H. VENKATACHALAM
GENERAL SECRETARY