Wage Revision And Saturday Off

Times Of India Vadodra 23rd May 2015

The new wage revision agreement is going to be signed with the industry body Indian Banks Association (IBA) on Monday, one of the heads of the unions said on Friday.

Really it seems to be the  departure from the current practice, where employees work for half-day on Saturdays. To compensate for this, they have agreed to work full day on alternate Saturdays.

There is a news of the signatories may be the existing employees/GSs to avoid the industry level disputes.

A hike of 15% with the BP load of 2% will which will result in an additional salary burden of Rs 4,725 crore per year to the system the sources said.
A senior IBA executive also confirmed in Mumbai that the agreement will be formally signed on Monday.

Govt seems to be positive on Saturday issue to this issue...so chill.

8th increment is effective from 01.05.2015

How Disgusting to note about the 8th Increment
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1) Clarifications!! about *8th increment.

Effective from 01.05.2015.i.e. all the retirees from 01.11.2012 to 30.04.2015 will not be getting this increment even though they are eligible.

2)  All other Pay slip component will be effective from 01.11.2012*


3) No news about increasing passing powers of SWO/HC/Spl.Asst.* With effect from 01.011.201.

4) workmen employees shall be paid Special Allowance at 7.75% and applicable D.A thereon.

Note:-      The special Allowance and D.A thereon will not be reckoned for Superannuation viz., pension including contribution to NPS,PF, Gratuity.*


5) No arrears for overtime wages paid during this period i.e 01.11.2012 to 25.05.2015*


6) Halting allowance for clerk Rs.700 ,600,450/ for SS 500,400,250 All Effective from 25.05.2015.


7)  No Reimbursement of lodging expenses(like Officers), as expected.*


8)  The rates of Special Pay and the duties of Special Pay carrying posts for workmen staff in State Bank of India may be reviewed and settled at the bank level.



               -___________________________________o______________________________



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Senior Comrades Loosers---Pension anomaly!

JUST CHECK THE PENSION ANOMALY
________________________________

HOW THE SENIORS ARE CHEATED IN THIS AGREEMENT

1)     According to the Agreement 2% loading effect on Basic Pay which should be 15%
Senior Comrades Loosers---Pension anomaly!., the term used in Government Department.

2) Those who are retiring or going to retire after 1/11/2012 to 21/10/2017 are totally ignored of this agreement benefit but they are at loss.

3 ) Senior most employess just as Special Assisstants and Senior special Assistans in State Bank of India .
4) If B.P is loaded with 15% These employess

According to                           9th B.P.S                     10th B.P.S         if increase 15%
                                                Nov 2012                        Nov. 2012       Nov. 2012
                                                                                                                   imcrease
Basic Pay                                      24900                       40710
Total Pay for pemsion                   28110                       45960               51770
total pay for pension                      14055                      22080               25885

Total Per.Month Pension               20122                       17824               20078          2254 loss

With DA of May 2015                  24028                    23064                25980             2916 (loss)
110.10%



The Real Loss to the enployees....in this 10th Bipertite

Senior employees ko Jo pension 9th Bipertite meiN mil rahi tha us se bhi kam ab 10th Bipertite meiN ab milegi...i.e


                                         if in B.P.S increase                if in B.P.S Increase is
                                                   is    2%  loss pm               15%  loss pm

in 9th Bipertite meiN
your pension                                 24028                                                               

in 10th B.P.S
your pensiom                                23064                                   2916


*Source Bank Kumar                                               

Arrears Calculation For officers

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Bank OFFICERS Arrear Calculation

Arrear Calculation Sheet  prepared as per details available. The user are required to input your data in the columns
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FPP KYA HAI ?

Know your salary

FPP = Fixed personal pay

1.11.93 को coputerisation के बदले एक वेतन वृद्धि (increment) दी गई थी। 20वीं increment लगने के बाद कंप्यूटर increment के बदले FPP दिया जाता है जो fixed होता है उस पर DA/ HRA का लाभ नहीं दिया जाता |

PQP = Professional Qualification Pay

Graduation, JAIIB, CAIIB के लिए increments दिए जाते है।

20 increments लगने के बाद यदि FPP है तो पहले वह लगाया जाता है |

उसके बाद graduation /JAIIB, CAIIB के बदले 1 से 5 वर्ष तक PQP दिया जाता है।

PQP Basic salary ही होती है जिस पर DA HRA लगता है व PF कटता है।



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Arrear Calculation Sheet of Non-Subordinate is prepared as per details available. The user are required to input your data in the columns - Basic Pay, HRA Rate ( Above New Rates provided against Old Rates ), TPT Allow (Old 225/275 & New 425/470 and the FPP. On signing the Joint Note/Wage settlement…

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