11th Bipartite - List of Demands Under Consideration for Workman Employees - 11th Bipartite Wage Revision - Latest News

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Saturday, 25 August 2018

11th Bipartite - List of Demands Under Consideration for Workman Employees

These are the list of issues which are yet to be finanlized by IBA and under consideration as per the 11th Bipartite Talks on Charter of Demands on wage revision Discussions with IBA on 18-8-2018.

Checkout the list of demands accepted by IBA in case of Workman - Click Here

Issues to be discussed further/to be finalised :

• Total quantum of increase in wages
• Index point for merger of DA to work out the new Pay Scales.
• Merger of Special Allowance with Basic Pay
• Revised DA formula
• Revision in Special Pay, FPP, PQP
• Improvement in Stagnation increment 
• Increase in HRA, Transport Allowance
• Leave Bank system, Child Care Leave, Sabbatical Leave, Increase in Privilege leave /Encashment of PL
• Increase in Annual medical Aid and improvement in Medical Insurance Scheme
• Improvement in formula for calculation of Gratuity
• Separate entitlement of LFC for husband and wife working in the same Bank
• 5 Day Banking
• PF contribution @12%
• North East Allowance
• Improvement in formula for Family Pension 
• Periodical updated of Pension 
• DA linked Pension in lieu of NPS for new recruits
• Bringing all categories of pensioners to common Index level of 11th BPS.
• Disciplinary Action procedures, punishments, etc.

Next round of meeting of the Full Negotiating Committee will be held by the first week of September, 2018. Further developments will be informed to members in due course.

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