Doubt On Wage Revision?????????????? Can any one predict or guess correctly what is going to happen in todays talks with IBA? ( Copied From Facebook , Sangharsh Karo Groups) I am stunned and surprised that many of us still hope and dream of getting fair wage increase. There have been rumours about signing of settlement with 18.5% increase, some have gone up to 19.5% increase. While making such speculation, hoping and dreaming, people are not paying attention on following facts:... (1) IBA started with 5% offer and did not jump to present 11% outrightly but offer has reached to 11% in three gradual steps. How one can expect that offer would jump by 7 to 8 percent immediately? I have a talk with my trade union friends on top of unions. Even they are not aware of move of IBA but our friends spreading the news are. If these friends can be believed, there may be improvement of 3 to 4 percent at the maximum. That means 15% increase in pay slip cost at the maximum (2) While making speculation, our friends are forgetting the hidden agenda of UFBU relating to Pension. (3) IBA during initial stages while providing figures from consolidated balance sheet has provided figure of Actual Pension Cost and has made it clear that against 6000 Crore estimated by actuary, actual pension cost is around Rs.59000 Crore, thereby necessitating sharing of 30% cost by bankers as agreed and settled during 9th BPS. �� (4) The tactical move by IBA of placing before leaders the cost of pension has compelled and forced these leaders to devise some clever formula as they had devised during last BPS by delaying the settlement to such period of time as is required to cover sharing of 30% pension cost from arrears. (5) Our leaders are from a specific group of Bank Employees i.e. Who are either already retired or going to retire during 10th BPS. Thus, their concentration is on updating pension and for which exercise is going on behind the doors. These are my personal observations based on informations received from close friends on top of two unions. Let us wait for official information coming in the Form of SMS from our leaders which would prove how much I am correct in making assessment.
Posted on: Wed, 17 Sep 2014 02:22:36 +0000
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