AIBOC CIRCULAR NO. 131 DATED 21ST SEPTEMBER 2010

AIBOC issued its circular No. 131 on Fitment of Pay on promotion from Clerical Scale to JMG Scale-I. We are reproducing the same here for our readers.

CIRCULAR NO:131                             21^st SEPTEMBER, 2010

TO ALL AFFILIATES/MEMBERS:

FITMENT OF PAY - PROMOTION FROM CLERICAL SCALE TO JMG SCALE-I

The fitment formula has to be revised after salary revision to protect the emolument of officer on promotion from clerical to officer cadre and also promotion within the cadre.  We have today sent a letter to the IBA, to evolve a suitable formula to ensure reasonable increase in pay package on promotion.  A copy of the communication is enclosed.

We shall advise the outcome later.

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY

No./1452/322/10                                                           21.09.2010

To,

The Chairman,

The Indian Banks’ Association,

World Trade Centre Complex,

Centre 1, 6^th Floor, Cuffe Parade,

MUMBAI – 400 005.

Dear Sir,

FITMENT OF PAY - PROMOTION FROM CLERICAL SCALE TO JMG SCALE-I

The 9^th Bipartite wage settlement was concluded on the 27^th April 2010 and the arrears have been paid to all the employees and officers in all the Banks.  As hitherto, immediately after the wage revision exercise, the Fitment Formula for the Promotee Officers had to be reviewed and revised with effect from 1^st November 2007.

It is quite but natural that every one expects an impressive increase in their pay packet on promotion from one grade to another.  However at present, contrary to the natural phenomenon, the emoluments get reduced when a clerical employee is promoted to officer grade in JMG Scale-I.  This is mainly because; the clerical employees get one or the other special allowance which will be higher than the normal differential that is maintained for a promotee officers in terms of the extant Fitment formula.  Further the entire exercise of fitment for employee (clerical) promoted to Officer grade has been at best is to protect their clerical emoluments to the extent possible on promotion.  It is our considered view that we have to now be more progressive to ensure, by way of the proposed fitment formula that not only the clerical emoluments should be protected on promotion but at least the promotee officer should get one additional increment or Special Pay equal to the last drawn increment which should qualify for all the benefits which a pay qualifies.

In view of the above, we shall be glad if you will issue guidelines to all Member Banks advising them to devise a Fitment Formula ensuring that the minimum differential on promotion for clerical employees to Officers Scale, should be equal to or higher than the highest special allowance a clerical employee is eligible in their respective Banks, besides one additional increment or Special Pay as stated above.

We request you to treat the matter as most urgent as the clerical employees promoted to officers grade on or after 1^st November 2007 are drawing less salary than what they were drawing / would have drawn had they not been promoted.

Thanking you,

Yours faithfully,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY