AIBOC CIRCULAR NO. 30 DATED 12.03.2010

AIBOC issued its circular No. 30 on meeting with Chairman, IBA and the next date of negotiations. We are reproducing the same here for our readers.

CIRCULAR NO.30                             12.03.2010

TO ALL AFFILIATES/MEMBERS:

MEETING WITH CHAIRMAN IBA

Please refer to our Circular No.16 dated 26.02.2010.

The Chairman IBA gave an appointment on 11.03.2010, to the representatives of four Officers’ Organisations to discuss on our proposal on distribution of wage cost of 17.5% on various components of salary and allowances. An informal meeting commenced with a congenial atmosphere and went for more than 2 hours. Apart from Shri. M.V. Nair, Chairman IBA, S/Shri. K.R. Kamath, Chairman & Managing Director, Punjab National Bank, Jagadish Pai, Executive Director of Canara Bank, K.Ramakrishnan, Chief Executive Officer, IBA, K.Unni Krishnan, Dy. CEO and M.Venugopalan, Officer on Special duty from IBA participated in the discussions.

We presented our view on equi-distribution of wage load, method of calculation of HRA and Pension Cost, Need to finalisation of additional stagnation increments, residual issues etc.  We also expressed our desire to complete the entire exercise of salary revision including residual issues and pension agreement before the end of the current month, and requested the IBA for next round of meeting with the core-committee immediately.  The IBA representatives also shared their anxiety in completing the settlement at the earliest and to examine our proposals.  Accordingly, there will be a meeting with the IBA officials with four officers’ organisations on Monday the 15^th March, 2010 at Mumbai to arrive at amicable solutions on cost distribution etc.  We have also provided a list of residual issues to IBA to be discussed and finalised simultaneously with the wage settlement.  We were informed that, a draft settlement on pension issue is being prepared at IBA level, which will be provided to us for perusal, shortly.

Comrades, we are aware of the expectations of the grass root level membership and persuading with the concerned authorities to finalise the 9^th bipartite agreement at the earliest.  We request our membership to understand the genuine constrains of the organisations are confronted with, and the sincere efforts in resolving these to the satisfaction of the constituency.

We shall keep advised of further developments in the matter.

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY