10th Bipartite Wage Settlement for Bank Employees – Gist of Meeting held on 16.04.2015

10th Bipartite Wage Settlement for Bank Employees – Gist of Meeting held on 16.04.2015 between IBA and UFBU

Today (16-04-2015) IBA – UFBU meeting took place wherein all details of proposed new medical reimbursement scheme was discussed.

Scheme will be finalised shortly.

For retirees also we have asked IBA to workout a similar scheme.

In the afternoon discussions on other demands of workmen and officers were discussed.

Next week negotiating committee meeting will be held and pay scales etc. will be discussed.

Brief on discussion held between UFBU and IBA regarding various allowances

Morning Session headed by Shri Arun Tiwari: Detailed discussion held on new Hospitalisation Scheme with Health Insurance tie-up. However, finally there was a divide between Public Sector Bank Employees and SBI and SBI opted out of the proposed Scheme as they felt that SBI scheme is better.

Afternoon session headed by Shri Ashwin Mehra. Dicussion took place on the following Allowance

1. Washing Allowance Rs. 100 to Rs. 150

2.Hill & Fuel (above 3000 mts) 1295 to 1500. (Above1500 upto 3000 mts) 510 to 600. (Above 1000 to 1500 mts )Rs 410 to 500.

3. Project Area Allowance : Group A Max 250 -Min 200. 4. Split Duty 125 to 150.

5.Halting Allowance

(population 12 lac & over)

Rs500 to 700 – for clerks

Rs 375 to 500- for sub staff

(population 5 lac & over)

Rs 375 to 600 -for clerks

Rs 250 to 400 -for substaff

(Other places)

Rs300 to 450 for clerks and

Rs150 to 250 for substaff.

6. Cycle Allow : 75 to 100 etc

Source: AIBEA and Banknews-views.com

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