AIBOC CIRCULAR NO. 40 DATED 01.04.2010

AIBOC issued its circular on wage revision. We are reproducing the same here for our readers.

CIRCULAR NO.40                           01.04.2010

TO ALL AFFILIATES/MEMBERS:

CONCLUSION OF 9^TH BIPARTITE IS IN SIGHT - NEXT ROUND OF MEETING WITH IBA SLATED FOR 3^RD APRIL, 2010

We are happy to inform all our members that amidst lot of speculation and apprehensions, the final stage for inking the cost sheet as regards the distribution of the wage hike to various components of salary allowances is now ultimately likely to happen on 3^rd April 2010 as agreed between the representatives of the Officers’ Organisations and the IBA, thus putting an end to the uncertainty that prevailed all these days.

Keeping with the rich tradition that the Confederation has been maintaining, we did not share the minute details of the negotiations which basically consisted of apportionment of the load factor on all the major components of salary and thereafter the superannuation cost. The negotiations were tough since the Government and IBA were hard on several issues relating to cost towards superannuation benefits including the incremental cost. The Confederation could exert its pressure to the extent possible to remove the burden on the Officers through continuous dialogue with the representatives of IBA including the Chairman of IBA.

The leadership of the Confederation had taken lot of initiatives and has been in touch with the IBA including the Chairman of IBA to ensure that some of our major demands are met apart from the smooth extension of 2^nd Option on Pension.  Some of the major demands have been accepted in principle by the IBA and enough care has been taken to ensure that the Officers get a fair deal. Therefore these positive developments must be attributed to the maturity and statesmanship exhibited by the leadership of the Confederation and also their persuasive skills in arriving at an amicable settlement in the current negotiations.

In the meeting of UFBU held on 31.03.2010, after detailed discussions, it was decided to finalise the settlement on wage revision and pension option without further delay.  It was also agreed that, the issue of equalising the cost of PF and pension balancing by the IBA to be accepted without any conditions.  As regards reworking of cost of Pension as proposed by us, IBA did not agree to assume the number of employees who would remain in PF.  After detailed discussions, it was decided not to press this issue further.

On effective date of Pension Option, IBA maintained that it would be from the date of settlement and not from 01.04.2008 as demanded by us.  The UFBU would pursue this issue further.

Comrades, there are a number of rumors spread across the country by some of the mischievous elements to create confusion amongst the rank and file.  We only hope that the patience and perseverance by the Confederation will be bringing the best results on the 3^rd April 2010 to all our members and we advise them to keep their cool and not to heed to mischievous propaganda by our detractors and also look for our further communication on 3^rd April 2010 in this regard.

With revolutionary greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY