AIBOC CIRCULAR NO. 80 DATED 2ND JUNE 2010

AIBOC issued its circular No. 80 on Govt.’s approval for implementation of 9^th Bipartite. We are reproducing the same here for our readers.

CIRCULAR NO: 80                                  2^nd JUNE, 2010

TO ALL AFFILIATES/MEMBERS:

GOVERNMENT’S APPROVAL FOR IMPLEMENTATION OF 9^TH BIPARTITE RECEIVED

IBA TO ISSUE DETAIL GUIDELINES

We are happy to inform all our members that, the Government has since cleared the proposal sent to them for the in principle clearance for the implementation of the 9^th Bipartite Settlement reached between the Confederation and the IBA on 27.04.2010 pending amendment to the Service Regulations.  We were receiving anxious enquiries from various parts of the country about the approval of the Government in particular when some of the banks have already implemented revised salary and allowances to the Award Staff.  With this clearance, we are confident that the payment of the arrears of salary and allowances in respect of the Officers’ fraternity is also ensured at the earliest possible.

As regards the various formalities in relation to the 2^nd Option on Pension, as well as the Notification etc., our members are requested to await further detailed instructions from the IBA. 

In the meanwhile, all our affiliates are requested to follow-up with their respective bank’s managements and ensure that the arrears are paid at an early date. 

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY