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12th Bipartite Settlement
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12th Bipartite settlement latest news
12th Bipartite settlement latest update
IBA SEEKS MANDATE FROM INDIVIDUAL BANKS :
Dated 28.01.2023 : Indian Bankers Association has written letters to the individual banks seeking mandate from them to negotiate on their behalf , as the Government has already given permission for negotiation on the charter of demands submitted by both bank employees unions and officers associations . . The earlier bipartite settlement has lapsed on 31.10.2022 .
it was revealed by the IBA representatives in a reconciliatory meeting held by the Chief labour Commissioner in Mumbai .
Dated 28.01.2023 : Indian Bankers Association has written letters to the individual banks seeking mandate from them to negotiate on their behalf , as the Government has already given permission for negotiation on the charter of demands submitted by both bank employees unions and officers associations . . The earlier bipartite settlement has lapsed on 31.10.2022 .
it was revealed by the IBA representatives in a reconciliatory meeting held by the Chief labour Commissioner in Mumbai .
FINANCE MINISTRY ISSUES GREEN SIGNAL FOR NEGOTIATIONS :
Dated 20.01.2023 : It is reported that the Department of Financial Service , Ministry of Finance has advised the public sector banks today to initiate the process of negotiations with bank employees / officers . Now banks have to individually authorize the Indian Bankers Association to begin negotiations on their behalf with UFBU .
The four workman unions (AIBEA, NCBE , NOBW , & INBEF) have made a common charter of Demand and already submitted to IBA in october 2022 . Similarly the four officers associations ( AIBOC , AIBOA, INBOC , & NOBO) have also made their common charter of Demand and submitted to IBA on the same day .
Dated 20.01.2023 : It is reported that the Department of Financial Service , Ministry of Finance has advised the public sector banks today to initiate the process of negotiations with bank employees / officers . Now banks have to individually authorize the Indian Bankers Association to begin negotiations on their behalf with UFBU .
The four workman unions (AIBEA, NCBE , NOBW , & INBEF) have made a common charter of Demand and already submitted to IBA in october 2022 . Similarly the four officers associations ( AIBOC , AIBOA, INBOC , & NOBO) have also made their common charter of Demand and submitted to IBA on the same day .
Charter of Demands for 12th Bipartite settlements
11h Bipartite agreement is going to lapse :
BANKERS SUBMIT CHARTER OF DEMANDS :
DEMANDS , NEGOTIATIONS TO REACH SETTLEMENTS
Dated 21.10.2022 : The 11th Bipartite agreement between various bank workmen unions and bank officers associations , who are the constituents of UFBU except BEFI , was signed in November 2020 and is effective for 5 years from 01.11.2017 . It will come to an end on 31.10.2022 .
Bank unions have signed 11 agreements , so far , with the Indian Bankers Association and each of the settlement is signed after prolonged negotiations each time . IBA will call for meetings with the representatives of the unions , after it has received te demands and studied them and it is expected that negotiations will be prolonged before a settlement is signed .
As scheduled , the four workman unions (AIBEA, NCBE , NOBW , & INBEF) have made a common charter of Demand and submitted to IBA today . Similarly the four officers associations ( AIBOC , AIBOA, INBOC , & NOBO) have also made their common charter of Demand and submitted to IBA today . The salient points of demands are as follows
SOURCE : Twitter CHV
BANKERS SUBMIT CHARTER OF DEMANDS :
DEMANDS , NEGOTIATIONS TO REACH SETTLEMENTS
Dated 21.10.2022 : The 11th Bipartite agreement between various bank workmen unions and bank officers associations , who are the constituents of UFBU except BEFI , was signed in November 2020 and is effective for 5 years from 01.11.2017 . It will come to an end on 31.10.2022 .
Bank unions have signed 11 agreements , so far , with the Indian Bankers Association and each of the settlement is signed after prolonged negotiations each time . IBA will call for meetings with the representatives of the unions , after it has received te demands and studied them and it is expected that negotiations will be prolonged before a settlement is signed .
As scheduled , the four workman unions (AIBEA, NCBE , NOBW , & INBEF) have made a common charter of Demand and submitted to IBA today . Similarly the four officers associations ( AIBOC , AIBOA, INBOC , & NOBO) have also made their common charter of Demand and submitted to IBA today . The salient points of demands are as follows
SOURCE : Twitter CHV
SALIENT POINTS OF DEMAND MADE BY BANK EMPLOYEES UNIONS
IN THEIR CHARTER OF DEMANDS SUBMITTED TO IBA ON 21.10.2022 :
1. Extend wage revision to employees of Catholic Syrian Bank & DBS Bank. (Erstwhile Lakshmi Vilas Bank)
2. Immediate introduction of 5-day banking.
3. Expedite Improvement in Pension for all existing pensioners.
4. Resolve all other Pending Residual Issues of 11th BP Settlement.
5. 12th Bipartite Settlement to cover all Public Sector Banks, Private Banks and Foreign Banks.
6. 12th Bipartite Industry-level Settlement to be effective from 1.11.2022 and upto 31-10-2027
7. Finalisation of the Settlement through expeditious negotiations.
8. Revision in Pay Scales and Dearness Allowance formula.
9. Merger of Special Allowance with Basic Pay.
10. Improvements in Special Pay, Professional Qualification Pay, Educational Qualification Pay, Fixed Personal Pay.
11. Provision for Housing Accommodation/improvement in HRA.
12. Introduction of Education Allowance.
13. Increase in Transport Allowance/Reimbursement of Petrol Cost.
14. Improvement in Leave Benefits.
15. Introduction of Leave Bank System.
16. Improvement in Leave Fare Concession Benefits.
17. Increase in Annual Medical Aid.
18. Improvements in Medical Insurance Scheme for employees/retirees.
19. Bonus for all employees.
20. Improvement in Gratuity.
21. Enhancement in rate of Provident Fund.
22. Improvement in Pension Scheme.
23. Total exemption from income tax on entire retirement benefits.
24. DA linked pension for post-April, 2010 employees.
25. Improvement in Special Area allowance and Special Compensatory
provisions for North-east, Himachal Pradesh and Jammu & Kashmir.
26. Revision in criteria/ceiling of dependents’ income.
27. Outsourced employees/Contract labour to be regularised as permanent
employees of the Bank.
28. Till then, Payment of Equal Pay for Equal work for these employees
29. Banking Correspondents to be regularized as a separate cadre in the
Banks with defined service conditions and remuneration.
30. Absorption of temporary employees.
31. Adequate recruitment of clerical and substaff in all the Banks.
32. All part-time employees to be converted to full-time workmen.
33. Improvement in other allowances.
34. Deletion of Para 522(1) and Para 536 of Sastry Award.
35. Modification in provisions on transfer of employees under deployment policy.
36. Issues relating to retired employees.
37. Staff Welfare Schemes – Method of allocation of Funds.
38. Special provisions/improvements in service conditions of women employees.
39. Special provisions for Ex-servicemen employees.
40. Issues concerning physically challenged/differently-abled
IN THEIR CHARTER OF DEMANDS SUBMITTED TO IBA ON 21.10.2022 :
1. Extend wage revision to employees of Catholic Syrian Bank & DBS Bank. (Erstwhile Lakshmi Vilas Bank)
2. Immediate introduction of 5-day banking.
3. Expedite Improvement in Pension for all existing pensioners.
4. Resolve all other Pending Residual Issues of 11th BP Settlement.
5. 12th Bipartite Settlement to cover all Public Sector Banks, Private Banks and Foreign Banks.
6. 12th Bipartite Industry-level Settlement to be effective from 1.11.2022 and upto 31-10-2027
7. Finalisation of the Settlement through expeditious negotiations.
8. Revision in Pay Scales and Dearness Allowance formula.
9. Merger of Special Allowance with Basic Pay.
10. Improvements in Special Pay, Professional Qualification Pay, Educational Qualification Pay, Fixed Personal Pay.
11. Provision for Housing Accommodation/improvement in HRA.
12. Introduction of Education Allowance.
13. Increase in Transport Allowance/Reimbursement of Petrol Cost.
14. Improvement in Leave Benefits.
15. Introduction of Leave Bank System.
16. Improvement in Leave Fare Concession Benefits.
17. Increase in Annual Medical Aid.
18. Improvements in Medical Insurance Scheme for employees/retirees.
19. Bonus for all employees.
20. Improvement in Gratuity.
21. Enhancement in rate of Provident Fund.
22. Improvement in Pension Scheme.
23. Total exemption from income tax on entire retirement benefits.
24. DA linked pension for post-April, 2010 employees.
25. Improvement in Special Area allowance and Special Compensatory
provisions for North-east, Himachal Pradesh and Jammu & Kashmir.
26. Revision in criteria/ceiling of dependents’ income.
27. Outsourced employees/Contract labour to be regularised as permanent
employees of the Bank.
28. Till then, Payment of Equal Pay for Equal work for these employees
29. Banking Correspondents to be regularized as a separate cadre in the
Banks with defined service conditions and remuneration.
30. Absorption of temporary employees.
31. Adequate recruitment of clerical and substaff in all the Banks.
32. All part-time employees to be converted to full-time workmen.
33. Improvement in other allowances.
34. Deletion of Para 522(1) and Para 536 of Sastry Award.
35. Modification in provisions on transfer of employees under deployment policy.
36. Issues relating to retired employees.
37. Staff Welfare Schemes – Method of allocation of Funds.
38. Special provisions/improvements in service conditions of women employees.
39. Special provisions for Ex-servicemen employees.
40. Issues concerning physically challenged/differently-abled
SALIENT POINTS OF DEMAND MADE BY BANK OFFICERS ASSOCIATIONS
IN THEIR CHARTER OF DEMANDS SUBMITTED TO IBA ON 21.10.2022 :
BROAD SUMMARY OF CHARTER OF DEMANDS
1. Wage revision should take into account risk, responsibility, accountability and transferability of officers. Improved Basic Pay commensurate with Central Government Officers, RBI officers & LICI Officers.
2. The base date for calculation of quantum hike of ensuing settlement to be based on establishment expenditure as on 30.09.2022 as against present practice of 31st March of the year of wage revision due.
3. Revision of improvement in pay scales by merger of DA up to 01.08.2022.
4. Special Allowance, with DA as on 31.10.2022, to be merged with the existing Basic Pay.
5. Revised DA formula with provision for automatic merger with Basic Pay (as that of Central Government) and improvement in Compensation against price rise.
6. All existing Stagnation Increments up to Scale V should be converted to regular increment after one year from reaching maximum of the respective present scales. This shall also remove present anomaly in fitment on promotion.
7. Date of sanction of annual increments should be on 1st January and 1st July every year.
8. The present embargo in regard to the sanction of stagnation increment, automatic movement, increment in next higher scale and PQP in respect of those officers who have refused / took reversion / opted out of promotion should be removed. The present
policy of enforcing such embargo is against the natural justice and tantamount to imposition of major penalty.
9. Upward revision of HRA commensurate with market rent.
10. Self Lease for officers to be introduced.
11. Substantial increase of CCA & Location allowance (non CCA centres) for all.
12. Learning Allowance to be enhanced substantially.
13. Closing allowance to be enhanced and paid every quarter in view of the enhanced workload performed by officers every quarter end as it is an obligatory requirement to declare audited quarterly results.
14. Improvement of lumpsum amount as compensation on transfer and two months’ salary to compensate incidental expenses on transfer.
15. Improvement of lumpsum amount on mid-academic transfer equivalent to three month’s gross salary to meet the education expenses of children on account of transfer.
16. Review and rationalization of halting/boarding/travelling expenses/Hill area allowance etc.
17. Introduction of incentive for rural and other sensitive/difficult areas.
18. Improvement in special area allowance and special compensatory allowance for N.E, Jammu, Kashmir, Himachal, Leh, Ladhakh, Uttarakhand and red corridor / disturbed areas.
19. Improvement in Leave Fare Concession and monetization of LFC – The entitlement of mode of travel should be made as air travel to all the officers and restoration of LFC abroad within domestic entitlement.
20. Special Provision for Women Employees with regards to placement and postings, provision of crèche facility as per Govt. guidelines / flexi timings /work from home, child care leave with salary as applicable in Central Government etc.
21. Introduction of 5 day work week.
22. Working hours for officers should be defined and regulated, in terms of ILO Norms.
23. The income criteria for dependents to be substantially increased.
24. The Provident Fund should be at the rate of 12% of the total salary and allowances.
25. The Gratuity should be paid at the rate of one month salary and allowance without any ceiling. Gratuity as per regulation should be improved.
26. Roll back to the existing pension scheme to all those who are in NPS.
27. Pension to be extended to Pension optees on resignation also.
28. Updation of Pension in line of Central Govt. and the Principle of One Rank One Pension.
29. Encashment of entire leave at credit should be permitted on resignation.
30. Improvement in all leaves facilities/introduction of the concept of leave Bank etc.
31. Roll back of IBA Medical Insurance for serving officers and retirees and implementing the provision of the policy at individual Bank level.
32. Uniformity of loans and advances to officers by adoption of best of policies. The Road Tax on vehicles should be paid by the Banks on inter-state transfers.
33. Review of Disciplinary Rules Procedure. Allowing personal hearing of charge sheeted officer in case of major penalty proceedings accompanied by Defense representative.
34. Classification of lapses into major and minor penalty.
35. Keeping in view the principle of Ex Post Facto in our legal framework, Clarification be issued to Banks that any alleged lapse committed by an employee while working in the capacity as workmen, but alleged lapse detected when employee is an officer, he should be tried under bipartite rules and not under officers D & A regulations.
36. Full legal expenses to be borne by banks on legal cases against any officer both serving and retired for all cases related to banking work except charges of fraud perpetuated by the officer.
37. Present ceiling of 3% of net profit for welfare to be increased to 5% of operating profit without any ceiling for staff welfare activities.
38. Categorization of Branches to be done uniformly for all Banks by IBA & RBI.
39. Massive recruitment of officers, clerical, subordinate staff and security guards required.
40. Appointment of compassionate grounds to be completed within six months period.
IN THEIR CHARTER OF DEMANDS SUBMITTED TO IBA ON 21.10.2022 :
BROAD SUMMARY OF CHARTER OF DEMANDS
1. Wage revision should take into account risk, responsibility, accountability and transferability of officers. Improved Basic Pay commensurate with Central Government Officers, RBI officers & LICI Officers.
2. The base date for calculation of quantum hike of ensuing settlement to be based on establishment expenditure as on 30.09.2022 as against present practice of 31st March of the year of wage revision due.
3. Revision of improvement in pay scales by merger of DA up to 01.08.2022.
4. Special Allowance, with DA as on 31.10.2022, to be merged with the existing Basic Pay.
5. Revised DA formula with provision for automatic merger with Basic Pay (as that of Central Government) and improvement in Compensation against price rise.
6. All existing Stagnation Increments up to Scale V should be converted to regular increment after one year from reaching maximum of the respective present scales. This shall also remove present anomaly in fitment on promotion.
7. Date of sanction of annual increments should be on 1st January and 1st July every year.
8. The present embargo in regard to the sanction of stagnation increment, automatic movement, increment in next higher scale and PQP in respect of those officers who have refused / took reversion / opted out of promotion should be removed. The present
policy of enforcing such embargo is against the natural justice and tantamount to imposition of major penalty.
9. Upward revision of HRA commensurate with market rent.
10. Self Lease for officers to be introduced.
11. Substantial increase of CCA & Location allowance (non CCA centres) for all.
12. Learning Allowance to be enhanced substantially.
13. Closing allowance to be enhanced and paid every quarter in view of the enhanced workload performed by officers every quarter end as it is an obligatory requirement to declare audited quarterly results.
14. Improvement of lumpsum amount as compensation on transfer and two months’ salary to compensate incidental expenses on transfer.
15. Improvement of lumpsum amount on mid-academic transfer equivalent to three month’s gross salary to meet the education expenses of children on account of transfer.
16. Review and rationalization of halting/boarding/travelling expenses/Hill area allowance etc.
17. Introduction of incentive for rural and other sensitive/difficult areas.
18. Improvement in special area allowance and special compensatory allowance for N.E, Jammu, Kashmir, Himachal, Leh, Ladhakh, Uttarakhand and red corridor / disturbed areas.
19. Improvement in Leave Fare Concession and monetization of LFC – The entitlement of mode of travel should be made as air travel to all the officers and restoration of LFC abroad within domestic entitlement.
20. Special Provision for Women Employees with regards to placement and postings, provision of crèche facility as per Govt. guidelines / flexi timings /work from home, child care leave with salary as applicable in Central Government etc.
21. Introduction of 5 day work week.
22. Working hours for officers should be defined and regulated, in terms of ILO Norms.
23. The income criteria for dependents to be substantially increased.
24. The Provident Fund should be at the rate of 12% of the total salary and allowances.
25. The Gratuity should be paid at the rate of one month salary and allowance without any ceiling. Gratuity as per regulation should be improved.
26. Roll back to the existing pension scheme to all those who are in NPS.
27. Pension to be extended to Pension optees on resignation also.
28. Updation of Pension in line of Central Govt. and the Principle of One Rank One Pension.
29. Encashment of entire leave at credit should be permitted on resignation.
30. Improvement in all leaves facilities/introduction of the concept of leave Bank etc.
31. Roll back of IBA Medical Insurance for serving officers and retirees and implementing the provision of the policy at individual Bank level.
32. Uniformity of loans and advances to officers by adoption of best of policies. The Road Tax on vehicles should be paid by the Banks on inter-state transfers.
33. Review of Disciplinary Rules Procedure. Allowing personal hearing of charge sheeted officer in case of major penalty proceedings accompanied by Defense representative.
34. Classification of lapses into major and minor penalty.
35. Keeping in view the principle of Ex Post Facto in our legal framework, Clarification be issued to Banks that any alleged lapse committed by an employee while working in the capacity as workmen, but alleged lapse detected when employee is an officer, he should be tried under bipartite rules and not under officers D & A regulations.
36. Full legal expenses to be borne by banks on legal cases against any officer both serving and retired for all cases related to banking work except charges of fraud perpetuated by the officer.
37. Present ceiling of 3% of net profit for welfare to be increased to 5% of operating profit without any ceiling for staff welfare activities.
38. Categorization of Branches to be done uniformly for all Banks by IBA & RBI.
39. Massive recruitment of officers, clerical, subordinate staff and security guards required.
40. Appointment of compassionate grounds to be completed within six months period.
PLAN N PROGRESS HAS COMPARED AROGYA SANJEEVANI PREMIUMS WITH IBA GROUP INSURANCE TO KNOW WHICH IS BETTER CLICK HERE
NEW BLOG ARTICLE ON
HEALTH INSURANCE OPTIONS FOR RETIRED BANKERS
The article explores the alternative avenues for existing health insurance group policy for Retired Bankers
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HEALTH INSURANCE OPTIONS FOR RETIRED BANKERS
The article explores the alternative avenues for existing health insurance group policy for Retired Bankers
TO READ THE ARTICLE CLICK HERE
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HEALTH INSURANCE PLANS FOR SENIOR CITIZENS
WITH OR WITHOUT ENTRY AGE RESTRICTION
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HEALTH INSURANCE PLANS FOR SENIOR CITIZENS
WITH OR WITHOUT ENTRY AGE RESTRICTION
TO READ THE ARTICLE CLICK HERE
NEW BLOG ARTICLE ON
HEALTH INSURANCE OPTIONS FOR RETIRED BANKERS
The article explores the alternative avenues for existing health insurance group policy for Retired Bankers
TO READ THE ARTICLE CLICK HERE
HEALTH INSURANCE OPTIONS FOR RETIRED BANKERS
The article explores the alternative avenues for existing health insurance group policy for Retired Bankers
TO READ THE ARTICLE CLICK HERE
WEBSITES OF BANKS / BANKERS ASSOCIATION / RESERVE BANK OF INDIA ( CLICK ON THE NAME TO GO TO THE WEBSITE )
1. Reserve Bank of India
2. Indian Bankers Association
3. Ministry of Finance , Government of India
4. To go to websites of individual banks , CLICK HERE
2. Indian Bankers Association
3. Ministry of Finance , Government of India
4. To go to websites of individual banks , CLICK HERE
WEBSITES OF EMPLOYEES / OFFICERS UNIONS / ASSOCIATIONS
( CLICK ON THE NAME TO GO TO THE WEBSITE )
( CLICK ON THE NAME TO GO TO THE WEBSITE )
1. All India Bank Employees Association ( AIBEA )
2. All India Bank Officers Confederation ( AIBOC )
3.All India Bank Officers Association ( AIBOA )
4.All India Reserve Bank Employees Association ( AIRBEA )
5. Bank Employees Federation of India ( BEFI )
2. All India Bank Officers Confederation ( AIBOC )
3.All India Bank Officers Association ( AIBOA )
4.All India Reserve Bank Employees Association ( AIRBEA )
5. Bank Employees Federation of India ( BEFI )
WEBSITES OF VARIOUS ASSOCIATIONS OF RETIRED BANKERS
( CLICK ON THE NAME TO GO TO THE WEBSITE )
( CLICK ON THE NAME TO GO TO THE WEBSITE )
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