The Indian Banks' Association (IBA) and United Forum of Bank Unions (UFBU) have agreed to meet on November 27 to take wage revision talks forward. The last meeting held in September remained inconclusive as they could not arrive at the accounting methodology of pension.
Issues like accounting for the cost of pension and the cost sharing arrangement between bank management and employees, the proposed introduction of New Pension Scheme (NPS) and variable pay are some issues that need to be resolved.
1 comment
a good post, with nice articles
my dad is an ex-centrabankite
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