Home > News > News > Talks were held in Mumbai between IBA and 5 workmen Unions: Next round of talks on wage revision yet to be finalised
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Talks were held in Mumbai between IBA and 5 workmen Unions: Next round of talks on wage revision yet to be finalised
Date 16/02/2010 17:15  Author admin  Hits 1469  Language Global
As scheduled, another round of Bipartite talks were held today (09.02.10) in Mumbai between IBA and 5 workmen Unions. IBA team was led by Mr. Jagdish Pai, (ED, Canara Bank), Chairman of the Core group of the Negotiating Committee and from the unions, all the five workmen unions viz., AIBEA, NCBE, BEFI, INBEF and NOBW were represented.



Continuing the discussions of the last round of meeting, today we took up for discussion the cost of rationalisation of special pay, method of calculating the existing cost of pension, accounting the cost of retirement benefits of PF / Pension Optees on account of proposed wage revision, date of effect of pension option settlement, etc. The IBA, after listening to our arguments and viewpoints, informed that these important issues are needed to be discussed in their full Negotiating Committee before reacting to us.

In today’s meeting, we further took up various other issues and service conditions like improvement in LFC, Special Area Allowance, making part time employees on lumpsum wages to 1/3 wages, commencement of LFC from mainland for employees working in Northeast, Andaman / Nicobar, Lakshwadeep etc, improvement in hospitalization scheme, domiciliary treatment of few more ailments, allowing LFC within entitlement while travel abroad, improvement in class of travel for LFC, one more option to change LFC block, improvement in reimbursement of package charges for certain major operations, removal of few anomalies in certain existing provisions etc. IBA was very positive on all these issues.

However, important issues like pension cost, special pay etc are yet to be finalised as mentioned above and hence these matters need further discussions.

Further discussions will continue in the next round of meeting and efforts are on to expedite the settlement.

In the meantime, the exercise of drafting the settlement is also underway
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