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To:
Comrades,
Ever since we signed the MOU dated 27.11.2009 all constituents of UFBU
are striving to reach the settlement on pension and revision of pay at the
earliest.
However, the first destablising development came when IBA after MOU
dated 27.11.2009 was signed on the basis of existing parameters of costing
in the industry, brought SBI pension balancing, a factor which was not
there in earlier two settlements and after SBI employees got 120 crores as
compensation on the pension scheme introduced in Banks. IBA brought
this after MOU keeping UFBU in dark till we signed MOU 27.11.2009 and
they did not accept our legal demand to keep this amount of nearly 300
crores outside the load, without reducing the load factor of 17.5% to 16.5%.
But IBA using the pressure on the unions to expedite the settlement
imposed the questionable addition to reduce our load factor.
This policy of AIBOC to negotiate with IBA on separate lines has led us to
difficulties. While AIBOC was always critising UFBU, they flouted 20+
demand of united UFBU to land us at 17.5%. Thereafter they revisited SBI
demand to make it 16.5%. They wanted higher wage for officers but did not
accept AIBOA’s proposal to place separate demands and to pursue the
charter with IBA and Govt., separately. Instead they sat with UFBU till date
of effect and merger points were decided and showed a picture as if they
are not agreeing with 17.5% but eventually made it 16.5% in favour of SBI.
Convenient stand was taken at every point of time to distribute the load on
the basis of numbers without basic principles of fair loading principles to
all sections.
Another sad feature of AIBOC negotiation is that while HRA we had differed
with IBA costing excess nearly 50 crores, they have not even declared this
publicly. Similarly after reducing starting pay to Rs.14500/- now AIBOC is
complaining of relativity problem as workmen get special pay of Rs.1000/-
wef 1.5.2010.
However more than anything above AIBOA is worried that IBA is adopting
standards and methods questionable in nature to push higher level of
recovery from the load factor and from individuals nor incumbent to pay
the deficit on account of delayed option. Having extracted higher
appropriation in respect of incremental cost sharing and deficit funding,
IBA has so far denied normal feature of pension like DA neutralization,
updation, anomaly rectification for the last10 years With further recovery
for incremental cost for 276600 persons and deficit recovery, IBA has
achieved higher cost of pension taking nearly 5% more than PF cost of 10%
with which pension was exchanged in the beginning. Slowly pension is
proving more costlier than the benefits especially after this settlement.
With greetings
/R.J.SRIDHARAN/
GENERAL SECRETARY
Circular No.10/V/2010
April 3, 2010
To:
ALL UNITS / STATE COMMITTEES
Comrades,
DISTRIBUTION CHART FOR RS. 2239 CRORES ON
WAGE REVISION
INITIALED BY FOUR OFFICERS’ ORGANIZATIONS TODAY
ONE MORE STEP TOWARDS SETTLEMENT OF WAGE REVISION
AND PENSION OPTION
The initialing was preceded by lot of efforts to improve the starting pay to
Rs.15000/-, as offered by IBA on 18.3.2010.
When IBA insisted and got higher starting basic pay for Scale IV to VII it
was expected similarly that starting Basic pay will be increased in the
beginning so that all officers upto Scale III will also be benefited with
officers who shift to higher scale on promotion also get the benefit of the
rise throughout. If executives can be allowed higher start beyond scale
structure why officers upto Scale III are not given higher starting Basic pay
is question that defies logic of all officers upto ScaleIII.
What IBA achieved for Executives we could have achieved for all officers
especially upto Scale III had the allocation been done in a fair and
equitable way. Thus IBA again fuelled the industry with inferior pay scales
for officers upto Scale III despite our efforts. It is a repeat of ;what
happened in last wage revision to deny Peter to pay Paul in the name of
distribution.
However comrades ! the going for wage revision itself has been tough with
lot of bottlenecks and roadblocks. So we did not want to apply brakes
since officers are restive and frustrated with delay driving them to lose
interest in the unions and their efficacy to deliver. Driven against this mass
feeling AIBOA decided to give utmost precedence to the one more option
introduced for which lacs of bank men are waiting for months having been
denied by their unions during the first option. The fact of one more option
agreed by IBA prompted us to initial the distribution, not the distribution
pattern done in a negative approach to justify publicity of negotiation
details dated 31.03.2010 itself by the majority union.
The distribution chart is not final and is subject to cost of HRA verification,
which has been objected to by Unions. The Four Unions objected to HRA
costing done by IBA of about 50 crores more and insisted for a third party
check. Since Sankaran Committee on Relativity the IBA is working on
reported actuals but the HRA cost has taken more money. The initialing
has been done subject to the dispute on HRA and if Associations’
arguments are vindicated then the amount will go to improve Basic Pay
structure of officers. IBA has agreed to keep the dispute on record to get
to the fact of the matter.
This initialing has disproved critics that you could not work out settlement
within 17.5% but require 30% etc., In fact even out of this those who wanted
“comfort” on pension took away more than 1% to reduce the package to
16.5% as never happened before in distribution of load.
Yet the settlement with one more option and a decent rise on wage
revision, even after sacrificing a heavy amount for pension option this
important settlement has accrued to Bank officers due to the persevering
attitude of officers.
We shall deal with other aspects of rough and smooth of the settlement as
also issues that got swayed away as delay took place in the accord.
/R.J.SRIDHARAN/
GENERAL SECRETARY
2.05
7.90
Gratuity [4.25% of BP + DA] 48.13
Other components 10.99
2239.00
UFBU/2010/Circular No.
2
March 31, 2010
With greetings,
Yours comradely
C.H.VENKATACHALAM
CONVENOR
MIN:RBI:25:2010
March 19, 2010
To
Shri G.C.Chaturvedi
Additional Secretary
Ministry of Finance-Banking
Government of India
NEW DELHI
Dear Sir,
We are extremely thankful to you for the discussions with you when we called on
you at your office on 14.03.2010 to discuss certain urgent matters pertaining to
the Industry.
1. 1. At the outset we had pointed out that the work chart offered by IBA in respect
of revised scale structure for officers where the average loading has been too low
for officers and so high for officers from Scales IV to VII. We had suggested to
IBA to discuss ways and means of giving more to Executives through fitment,
grade pay etc., without distorting average loading and the continuous scale
structure in vogue for all time now.
2. 2. In respect of pension balancing introduced by IBA suddenly this time we have
duly submitted to you the following:
b. b. Since it was one time grant only neither SBI nor their unions raised this issue
in the last 2 Bipartite settlements and no amount was set outside for pension
balancing in their settlements, nor anything outside the settlement was paid.
c. c. Under this settlement, the decision of IBA to introduce pension balancing and
not to agree for similar PF balancing as proposed by UFBU is untenable and not
logical as it services only one set of employees discriminating the other section.
d. d. We may also point out that in the MOU dated 27.11.2009 signed by unions
and IBA, neither party has mentioned anything about pension balancing. MOU
has clearly spelt out amount of settlement and other details including recovery for
pension option etc.
Hence earmarking for pension balancing an amount of Rs.130 crores for officer in
the chart is illegal and untenable and is an after thought.
We submit that since 120 crores given to SBI employee at the time of introduction
of pension was above the salary agreement percentage, if at all Govt., wants to
extend this, we submit should be outside the load of 17.5% and no deduction be
made under the settlement for this payment.
Yours faithfully,
/R.J.SRIDHARAN/
GENERAL SECRETARY
We have to clarify that the only meeting that took place for officers with IBA
was one informal meeting with IBA Chairman on 15.02.2010 at Mumbai
where after IBA office gave us a revised chart for scales and other items for
discussions.
As far as officers are concerned our scale of pay, SBI pension balancing,
pension date of effect and incremental cost remain to be decided yet.
Please bear with the delay caused on account of negative attitude of Govt.,
and Bankers on some issues.
Circular No.9/V/2010
March 22, 2010
To:
ALL UNITS / STATE COMMITTEES
Comrades,
Looking to the multifarious attacks on the working class and their unions,
our Silver Jubilee Conference at New Delhi listened through a long line of
the political spectrum in the country and all their messages brought out the
need to revise strategies, regroup our formations and realize our goals
through appropriate strategies without dilution in the wake of new policies
of LPG and Banking Sector reforms.
For about 1500 delegates & observers attending the conference, the entire
conference was a session of education to diverse the hush from the grain
and gird up their Loins for taking on challenges in their own inimitable
style, not akin to any doctored path way of short term remedies.
Accordingly a Trust was formed under the style “AIBOA Trust for
Unorganized Sector Relief” and was registered as a public trust and AIBOA
has already applied to start an Industrial Training Centre to train young
ones from unorganized sector with the State Govt., and have deposited
Rs.4 lacs for license to commence classes. We have acquired land under
lease on nominal terms from our affiliate Canara Bank Officers’ Union for
putting up the Institute at Coimbatore an Industrial city. It is expected to be
functional by 2010 end / 2011 beginning.
In order to enable our members into funding, the AIBOA Trust For
Unorganized Sector Relief we have moved the IT Department for exemption
of donations under 80[G] for donation made by members. After lot of
hearings and enquiries Director of Incometax [Exemptions] has exempted
our Trust under section 12A and 80 [G] exempting both income for the
Trust and donations made by members. We are thankful to the Govt.,
Department for appreciating our honest efforts to help our brethren in the
unorganized sector and we are grateful for the exemptions.
As such all our members without exception have to donate one day wages
to the AIBOA-Trust for Unorganized Sector Relief through Draft / Cheque
and the Trust will send the official receipt for tax exemption immediately.
Payment of this levy and wage levy is primary obligation on the part of
every member and such payment on everyone’s part is a vindication of our
concern for unorganized sector people sufferings and the need to
ameliorate it to the extent possible. As Gandhiji said “every tear of every
Indian has to be wiped out” and as workers, we Bank officers show to the
fraternity that sky is the limit to help our own class, the working people
who suffer long innings of silent deprivation in the unorganized sector
which constitutes about 90% of the working class.
Accomplish this task with necessary zeal and visionary ambition to do our
bit for a new India of least deprivation and free from exploitation.
With Greetings,
/R.J.SRIDHARAN/
GENERAL SECRETARY
Circular No.8/V/2010
March 22, 2010
To:
ALL UNITS / STATE COMMITTEES
Comrades,
AIBOA TRUST FOR UNORGANISED SECTOR RELIEF
GETS IT EXEMPTION UNDER 80G OF THE IT ACT 1961
We are happy to inform all our members that after elaborate enquiries,
Director of Income Tax, Chennai, has accorded exemption in respect of
donations in the hands of donors to the Trust Accounts.
This levy is a priority task for each and every member of ours to enable
AIBOA to plan out activities to render relief and build up skills in
unorganized sector of working class as a real manifestation of our class
consciousness and help to suffering brethren.
Even as we exhort well wishers to donate to the fund, AIBOA makes it clear
that there is no exemption to this decision of our Silver Jubilee Conference
to each and every one of our members. Already AIBOA is instituting steps
with application filed for starting ITC for relief to unorganized and steps are
under way to formulate other schemes also. We have deposited Rs.4 lacs
for the purpose as required by the Govt.
We call upon all our Units to reach out to every member to accomplish this
historic task immediately and enlist one day salary by cheque/draft
favouring “AIBOA TRUST FOR UNORGANISED SECTOR RELIEF drawn on
CHENNAI.” Units may send list of donations with full particulars of donors
name and address upon receipt of which central office will send official
receipt from the Trust for the amounts donated.
Reach out to every member and enlist the levy in full immediately.
With greetings,
/R.J.SRIDHARAN/
GENERAL SECRETARY
LATEST ON WAGE REVISION TALKS-17.03.2010
Following the informal talks with IBA Chairman and his team at Union Bank
Head Office at Mumbai on 11.03.2010, matters were further discussed with
IBA officials at their office on 17.03.2010.
Yesterday IBA has furnished their updated chart with scale structure of
15000 to 54400 and some minor changes in HRA, CCA,& Hospitalization
rates and with one stagnation increment.