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11th Bipartite Settlement signed Platinum Jubilee Gift from AIBEA to bank employees
Date 16/11/2020 01:40  Author admin  Hits 395  Language Global
Dear Comrades,
 11th Bipartite Settlement signed
 Platinum Jubilee Gift from AIBEA to bank employees
 Greetings and massive congratulations
 You have created one more milestone in our onward march
 One Nation – One Salary achieved.

Ever since AIBEA was founded on 20th April, 1946, endeavouring to improve the wages and service conditions of bank employees has been a part of our basic commitment. From  those days of jungle rule exploitation by the
management, we travelled to the days of pleading before Tribunals and were faced with unsatisfactory Awards. Tribunalisation to Bipartism: Then dawned the era of bilateralism from 1966 when AIBEA
fought a royal battle and achieved the first
ever bipartite settlement in any industry at
that time. Bipartite Settlement in Banks
became a hallmark for others to follow and
thus AIBEA became the pioneer and pace-
setter. It became a trend and AIBEA
achieved 10 bipartite settlements thereafter
in 1970, 1979, 1984, 1989, 1995, 2000,
2005, 2010 and 2015. This is the 11th
successive one - the 11th Bipartite Settlement
which AIBEA has signed yesterday. AIBEA is
the only organisation that has signed all the
11 Bipartite Settlement so far. We can
legitimately feel proud about it. It is a
unique achievement indeed.
Attacks on bipartism - : It is important to
remember that in the last five decades, there
have been innumerable attempts to scuttle
this bilateral system to foist third party
interventions. We have constantly opposed
these attempts. This time also, there were
serious attempts by anti-AIBEA inimical forces
to foist a Tribunal. We are happy that we
could overcome all these nefarious moves and
sign one more bipartite settlement thus
preserving the hard-won right of collective
bargaining and bilateralism which have been
bequeathed to us by our leaders Com.
Prabhat Kar an Com H L Parvana.
Similarly, as in the past, this time also till the
last minute attempts were afoot to create
legal hurdles through obtaining some stay
order from court, etc. All these ill-motived
efforts could also be frustrated and the
Settlement could be signed. It is a unique
achievement indeed.
One Nation – One Salary – unique
achievement: From the earlier period, when
salary of the bank employee was
differentiated based on the size of the Bank
and the place of his working, like A Class
Banks, B Class Banks, C Class Banks, and D
Class Banks and Area I, II, II and IV based on
population, we achieved uniform Basic
Pay/Pay Scales in 1970 in the 2nd Bipartite
Settlement but the total emoluments were
based on category of Banks and place of work
of the employee.
Today we are very happy and proud that in
this 11th Bipartite Settlement, we could
which employees working in any Bank and in
any place will get the same uniform total
emoluments. It is a unique achievement
Achieved under difficult circumstances:
We cannot forget the fact that our country is
still not out of the challenge and health risk
posed by covid19. Because of Covid19, our
national economy is facing stagnation and
stagflation. GDP has plummeted and
struggling to come up. In no other industry
or sector, there are talks of wage revision and
wage increase. In fact, on the other hand,
workers in many sector are facing wage cuts,
wage reduction, etc. Even for Government
employees, DA has been frozen. It is in this
adverse situation that we have achieved this
wage increase. It is a unique achievement
Government’s policies not so friendly –
yet we could achieve: All of us know the
labour policies of the present Government. It
is not worker-friendly at all. Even minimum
wage is being denied to millions of workers.
Labour laws and labour rights are being
weakened. Role of trade unions are sought to
be diminished. It is significant that in this
scenario, we have been able to conclude the
Settlement successfully. It is a unique
achievement indeed.
Banks passing through tough times, yet
we could make it: We also know that all
Banks are not doing well. Banks are facing
multiple challenges. NPAs are on the increase
and revenue level is a matter of concern.
Hence profitability is a major issue for the
Banks. Covid19 has added to their problems.
Hence while our demands for more wages are
very genuine and quite reasonable, we faced
a lot of problem during negotiations. IBA
started with a meager 2% and it took a lot of
efforts including strikes to reach the level of
15% i.e. an amount of Rs. 7,898 crores (Rs.
3,385 crores for workmen and Rs. 4,513
crores for officers). This is much higher than
Rs. 4725 crores that we achieved in the 10th
Bipartite Settlement in 2015 (Rs. 2270 crores
for workmen and Rs. 2455 crores for officers),
an increase of nearly 70% in the total
quantum of hike in the wage revision. It is a
unique achievement indeed.
Management’s various adverse proposals
thwarted: When we submitted our Charter of
Demands in May, 2017, managements/IBA
submitted various issues as management’s
issues to be discussed and resolved which
included permission to outsource all our
regular jobs, introduction of Cost to Company
package, Fixed Pay and Variable Pay system,
flexibility to transfer employees, premature
retirement of employees in public interest,
etc. IBA brought all these issues during the
course of negotiations but through our
arguments and standpoints, we could thwart
all these proposals. It is a unique
achievement indeed.
Improvements in service conditions
secured: Besides wage increase, various
service conditions have been improved upon.
Special Allowance and Transport Allowance
have been improved upon and will attract DA,
Leave benefits like sick leave, maternity
leave, paternity leave, special casual
leave/curfew leave, special casual leave for
PWD, Leave Fare Concession, Halting
Allowance, Hill and fuel allowance, all other
allowances, etc. have been improved upon. It
is a unique achievement indeed.
Uniform HRA in all Centres: There is a
remarkable improvement in HRA. In the 1st
BP Settlement, HRA was Rs. 11 to Rs. 25 in
Mumbai and Kolkata. In places with 7 lacs
population & above, it was Rs. 9 to Rs. 18. In
other places, no HRA was paid. In the 4th BPS
in 1984, even rural area branches were
covered for payment of HRA but rates were
different for different centres. In this
Settlement, for the first time, HRA will be paid
at 10.25% to all the employees in all the
Centres. Moreover, where an employee is
transferred by the management (other than
at request), he/she can claim HRA at 1.5% of
his HRA by producing rent receipt. It is a
unique achievement indeed.
New benefits introduced: A new Scheme
of Performance Linked Incentive has been
introduced from this year under which all
employees will be paid additional incentive
amount based on the profit of the Bank.
Similarly, Privilege Leave can be encashed
every year for any one of the festivals upto
5/7 days. For the first time, it has been
agreed that substaff who pass CAIIB/JAIIB,
will be sanctioned additional increments like
clerical staff. One more stagnation increment
has been introduced and periodicity has been
made uniform to all at once in 2 years. All
these are new benefits in this Settlement. It
is a unique achievement indeed.
Retiral benefits will go up: In these hard
days of unabated inflation and constant fall in
value of money, while our wages are
important, equally important are our post-
retirement benefits. Under this Settlement,
care has been taken to improve retiral
benefits also. For the young employees who
have joined Banks after April, 2010, the
management’s contribution to New Pension
Scheme would be 14% instead of present
10% i.e. a 40% increase in the amount of
Bank’s contribution to the Fund. For senior
employees, there would be increase in
Gratuity, Pension, Commutation and Leave
Encashment amounts. It is a unique
achievement indeed.
Family Pension being improved: It has
been recorded in the Settlement itself that
Family Pension would be revised at uniform
rate of 30% without any ceiling. This would
result in increase in the Family Pension of all
existing family pensioners. Ofcourse this
would also apply to the families of existing
employees who unfortunately die during
service or after retirement. It is a unique
achievement indeed.
All due to your unity – keep it up: Dear
comrades, all these unique achievements
were possible because of your unity, militancy
and faith in the organisatioin. Ofcourse,
achievement is a tradition in AIBEA.
Hearty Greetings to all of you. Massive
congratulations to all of you.
We dedicate this Settlement to the hallowed
memory of Com. Prabhat Kar and Com
Parvana who are the architects of bipartism in
banking industry.
This Settlement is a gift from AIBEA to
all our members when we are celebrating
the 75th year – Platinum Jubilee of our
beloved AIBEA.
Enjoy the benefits.
Enumerate the achievements to others.
Educate the ignorants.
Eliminate the ill-motived.
Endeavour to strengthen AIBEA – it is yours.
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