10th Bipartite Settlement Updates – Talk fails after meeting with IBA. UFBU (Bankers Union forum) proposed meeting with IBA wage negotiation committee was failed as IBA shown their inability to hike as per the demand of Bank Unions.
The Proposed Outcome of Wage Settlement Meeting of Dated 26-09-2014
1. IBA rejected any further hike in salary above 11%
2. IBA agreed in providing Principal on DA for pensioner
3. IBA insisted for Mediclaim policy for Reimbursement and rejected the full 100% component
AS Expected IBA AGREES ON POINT 3 For PENSIONERS….
UNION DEMANDED PROPOSED STRIKE ON 28-10-2014
This is notable and confusing for young Bankers whether this is Pensioner Bipartite Settlement or 10th Bipartite Settlement for Bankers.
OFFICERS WHO RFTIRED BETWEEN 01112012 AND 01052015 ARE ELIGIBLE FOR ONE ADDDITIONAL INCREMENT PROVIDED THEY HAVE REACHED MAXIMUM BASIC PAY AND ELIGIBLE FOR AN INCREMENT. PLEASE CLARIFY