AIBOC issued its circular no. 84 on implementation of 9th bipartite settlement for officers. We are reproducing the same here for our readers.
CIRCULAR NO: 84 7th JUNE, 2010
TO ALL AFFILIATES/MEMBERS:
9TH BIPARTITE SETTLEMENT – GOVT.’S APPROVAL RECEIVED - IBA ISSUED GUIDELINES FOR IMPLEMENTATION
We are happy to inform all our members that the concluding part of our settlement that is the implementation of the 9th Bipartite Settlement entered into between the Confederation and IBA for its implementation, pending amendment to Officers’ Service Regulations have since been received from the Government. The IBA has already issued communication to the Member Banks to implement and pay the arrears of salary as per the settlement reached with us. The IBA has also further instructed the banks to be in preparedness for the introduction of the 2nd Option on Pension since the formalities of getting approval from Government is in process.
Comrades, the long drawn struggle, the continuous process of dialogue, the discussions and the conclusion of the agreement on the salary revision as well as the 2nd Option on Pension is a historical development in the Bank Officers’ movement. This glorious chapter comes to an end with a happy note of the implementation of the 9th Bipartite immediately and the 2nd Option on Pension in due course. We will also keep our pressure on to ensure that the instruction for the implementation of the 2nd Option on Pension is received at the earliest from the Government to enable our members to avail the benefit. Our affiliates are advised to take up with their respective management and see that the salary arrears as well as the implementation of the revised salary scales are implemented at the earliest possible.
Please also note to collect the levy amount as already advised and remit the same to us as early as possible.
With greetings,
Sd/-
(G.D. NADAF)
GENERAL SECRETARY
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