The last talks during which IBA offered a meagre 2% increase was a shocker for the entire
workforce of the Banking sector, who were thinking of getting a decent hike in their wages, which
would be matching to the salary of the other sectors especially after implementation of the 7th CPC.
The expectations of the Bank Officers have been rightly brought in the Charter of Demands
submitted to IBA by the Four Officer organizations led by AIBOC.
The Charter of Demand submitted by Banker's Union has demanded the wage revision on the lines CPC formula for fixing
basic + DA with illustrations and explicitly stating the need for CPC based wage revision in no
uncertain terms.
Calculate Expected Salary Revision in 11th Bipartite Settlement as Per Charter of Demand
But now the demand of UFBU is for REASONABLE WAGE INCREASE without mentioning any
formula. Already few of the UFBU constituents have voiced their views against the CPC formula
and how it is unsuitable for Banking Sector, clearly forgetting that our demand is only for adopting
the formulas applied in CPC for calculation of wages.
The CPC used the norms set by the Indian Labour Conference to determine the need based
minimum wage, which should cover all the needs like food, clothing, housing, fuel, lighting and
other items of expenditure of a single industrial worker and his family.
After considering all relevant factors the CPC recommended a minimum pay of Rs.18000/- for the
lowest ranked employee in the Central Government w.e.f. 01.01.2016.
CPC was of the view that
this pay is fair and reasonable and one which, along with other allowances and facilities, would
ensure a decent standard of living to him and his family.
CPC Calculation
By applying the above principle the basic pay of the Grade A Officer is fixed at Rs.57100/- which
is 3.11 times of Rs.18000/-as on 0101 2016. As Government of India has already accepted that the
officers in JMG Scale 1 are equivalent to a Grade A officer in Central Government, the minimum
basic of Scale 1 Officer should be at least equal to Rs.57100/ minimum which should be much
more as our wage revision is due on 01 11 2017.
As per the present norms followed in our bipartite negotiations even if the entire DA is merged with
the basic as on Nov 2017 the new basic would be around Rs.37000/- only which is way behind the
Basic pay of a Grade A Officer in Central Government. In the present form, to reach this level of
Rs.57100/- we may have to load a minimum of 65% whereas the last wage revision’s load was
mere 2% which is now offered by IBA.
The Government is also prepared to adopt the principles of the CPC for the Banking, Insurance and
Finance Sector which can be established by the provisions of the Code on Wages Bill 2017.
During the last reconciliation talks CLC has also clearly appreciated our stand that the officers’
salary should not be fixed basing on the profit or paying capacity of the Banks.
NOW YOU HAVE TO DECIDE !!! CPC or 11th Bipartite
through AIBOC
Tags:
11th Bipartite