Thursday, August 15, 2013

Bipartite talks between UFBU and IBA

According to UFBU circular, in the meeting held at Mumbai, IBA has agreed to agreed to give effect of the new settlement from the date of expiry of the 9th Bipartite settlement i.e. 1st November 2012 and merger of DA up to 4440 index i.e. 401 slabs in the basic pay and construct new pay scales for the employees accordingly. It appears that pension issue was not taken for discussion in this round, as there is no mention of pension revision issue in the circular.