Discussions held between IBA and Officers Organisations
at Mumbai on 25th February 2010
Proposal I: 15000 Incr. 600-700-800-900-1000-1100-1200-1300-54400.
Proposal II: 14200 Incr. 650-700-800-900-1000-1100-1200-1300-54400.
HRA: 6% - 7% - 8% CCA – Existing Rates & Quantum to continue.
Stagnation Increments: Additional as demanded by Officers Organisations not possible due to cost constraints.
Pension: Effective date to be from date of settlement only.
Pension Cost Calculation: IBA sticks to its methodology.
HRA & Hospitalisation Costs: IBA unwilling to consider request of Officers Organisation to rework these costs.
Pension Settlement: IBA to give draft agreement to Officers organizations shortly.
Residual Issues: Officers Organisations to submit list to IBA shortly.
Officers organization agreed to respond to IBA on these proposals in the next meeting.
No date has been decided for next meeting with IBA. IBA desires early finalization of exercise but its approach not very flexible/conducive for the same. Stalemate position continues on almost all major points, since IBA is refusing to consider our joint proposals.
AIBOA has made it clear that all proposals regarding Pension Costing like SBI Balancing, Cost of Pension and date of effect will be decided on the basis of UFBU decision as this issue is decided earlier through MoU with IBA.
Developments will be informed in due course.
Source - AIBOA Website