AIBOC CIRCULAR NO. 61 DATED 11.05.2010

AIBOC issued its circular No. 61 on extension of 9^th Bipartite settlement to RRBs. We are reproducing the same here for our readers.

CIRCULAR NO.61                     11.05.2010

TO ALL AFFILIATES/MEMBERS:

EXTENSION OF 9^TH BIPARTITE SETTLEMENT TO RRB’S

In the matter of salary and allowances, RRBs are at par with the Public Sector Banks.  Justice Obul Reddy awarded extension of pay and allowances of Public Sector Banks to the employees of RRBs.  Even there after, there was reluctance on the part of the Sponsor Banks in extending the parity in pay and allowances to RRBs.  Our affiliate, AIRRBOF was forced to knock the doors of the courts for implementation of the NIT award in RRBs.

We ensured that, the 8^th Bipartite Settlement was extended to the Officers’ of RRBs.  Much against our opposition, NABARD had disbursed the arrears in respect of 8^th Bipartite, in two installments.  We have to-day sent a letter to the Hon’ble Finance Minister, Govt. of India requesting him to arrange for necessary instructions to NABARD for extension of 9^th Bipartite to RRBs.

A copy of our communication is enclosed for the information of our members.  We shall advise the developments in due course.

With greetings,

Sd/-

(G.D.NADAF)

GENERAL SECRETARY

No.1410/148/10                       11.05.2010

To,

Sri. Pranab Kumar Mukherjee

Hon’ble Finance Minister,

Government of India,

South Block, Parliament House,

New Delhi.

Respected Sir,

9^th BIPARTITE WAGE SETTLEMENT IN THE BANKING INDUSTRY

EXTENSION OF BENEFITS TO RRB OFFICERS’

At the outset we express our gratitude and thanks from the core of our heart on behalf of 2.5 lac officers, under the banner of AIBOC, for the settlement of 9^th Bipartite Salary revision at 17.5% of the wage bill. 

We are also indebted to your goodself in providing one more option to the provident fund optees (CPF) in Banks to switchover to the Pension Scheme.

In accordance with the National Industrial Tribunal Award, Regional Rural Banks employees are eligible for parity in pay and allowance applicable in Banking Industry under “equal pay for equal work” concept.  At the instance of the Govt. of India, National Bank for Agriculture and Rural Development (NABARD) has extended 8th Bipartite Settlement to the Regional Rural Banks for the period from 01.11.2002 to 31.10.2007.

We shall be glad, if you will please arrange to issue necessary communication to NABARD to extend the 9th Bipartite Settlement on salary and allowances to RRB employees and officers’ w.e.f 01.11.2007.

We shall also be glad if, much awaited improvements in Provident Fund and Pension Rules of RRBs are taken up for discussion with our affiliate AIRRBOF, to provide them an assured social security. It is needles to mention that, RRBs are doing yeomen service to the common man and are also generating profits.  Therefore, they deserve to be encouraged.

We shall be glad to receive your positive response in the matter.

Thanking you and with regards,

Yours faithfully,

Sd/-

(G.D.NADAF)

GENERAL SECRETARY