GIST OF DISCUSSIONS BETWEEN IBA AND FOUR OFFICERS’ ORGANISATIONS
AT MUMBAI ON 23RD JANUARY 2010.
One more round of discussions took place between IBA and four Officers’ Organisations today at Mumbai.
The Management team was lead by Shri Jagdish Pai, Chairman of the small committee of IBA.
IBA gave their revised proposals of Basic Pay Structure with Rs,14000 beginning and ending with Rs.54400. They have agreed to remove the cost of leave encashment on retirement. On pension costing, the differences persist in the matter of new pension option. With regard to date of payment of pension, IBA is only prepared to effect payment from the date of settlement whereas Unions want from 01-04-2008. On the cost of SBI pension wherein IBA has allocated an increase of Rs.132 crores also, Unions have objected as it is a new item suddenly introduced after the first chart was given by the IBA.
Thus no finality could be reached on scale of pay, pension cost and date of effect of payment of pension to new optees.
It has been agreed that Unions will work out their scale of pay, presenting uniform loading effect to IBA upon which further discussions will take place.
The next round of discussions to take place on 08-02-2010 and Unions will submit their proposals to IBA by 27-01-2010.
Source - AIBOA website