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    Thursday, 24 September 2015

    10TH BIPARTITE SETTLEMENT: STAGNATION INCREMENTS TO NON-SUBORDINATE EMPLOYEES: IBA CLARIFICATION

    ALL INDIA BANK EMPLOYEES' ASSOCIATION
    Central Office: “PRABHAT NIVAS” Regn. No.2037
    Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
    Phone: 2535 1522, 6543 1566 Fax: 4500 2191, 2535 8853
    e mail ~ chv.aibea@gmail.com & aibeahq@gmail.com

    Circular Letter No.27/148/2015/44

    23-9-2015

    TO ALL OFFICE BEARERS, STATE FEDERATIONS AND
    ALL INDIA BANKWISE ORGANISATIONS


    Dear Comrades,

    IBA’s Circular on Stagnation Increments to Clerical Staff

    Further to the 10th BP Settlement, some of our units have been seeking clarification on implementation of the provisions relating to sanction of Stagnation Increments. We had taken up the issue with IBA for issuing their Circular to the Banks and accordingly IBA has now issued their Circular No. 1377 dt. 22-9-2015. Copy of the said Circular is furnished herein for the information of our units and for follow up with the respective managements.

    With greetings,

    Yours Comradely,

    Sd/-
    C.H. VENKATACHALAM
    GENEAL SECRETARY
    ----------------------------------------------------------------------------------------------------------------------------------------------
    HR & INDUSTRIAL RELATIONS
    IBA CIRCULAR

    No.HR&IR/ClR/2015-16/B/90/1377
    September 19, 2015

    Designated Officers of Member Banks
    who are parties to Bipartite Settlement

    Dear Sir/Madam,


    10th Bipartite Settlement (1.11.2012 to 31.10.2017):
    Stagnation Increments to Non-Subordinate Employees

    As per the provisions of 10th Bipartite Settlement, it has been agreed to reduce the periodicity of 6th stagnation increment from 3 years to 2 years and to introduce 8th stagnation increment w.e.f. 13th May, 2015. 8th stagnation increment is to be released after two years on receipt of 7th stagnation increment or from 19th May, 2015 whichever is later. Keeping in view the cost constraints, it was further agreed that the consequential financial benefit to the employees could be released from 13th May, 2015. There is no change in periodicity of releasing the 7th stagnation increment and 7th stagnation increment is released after two years on receipt of 6th stagnation increment. In other words, an employee would be eligible for 8‘“ stagnation increment, 6 years after receipt of 5th stagnation increment or w.e.f. 18th May, 2015, whichever is later.

    However, the employees who have got 6th and 7th stagnation increments on or after 18th November, 2012 but before 13th May, 2015 as per 9th Bipartite Settlement, would get 8th stagnation increment, 7 years after receipt of 5th stagnation increment, if the weightage of one year on account of reduction of periodicity of 6th stagnation increment from 3 years to 2 years as per 10th Bipartite Settlement is not given to such employees. As a result, these employees would be placed in a disadvantageous position vis-a-vis the employees junior to them.

    2. The Workmen Unions have therefore, requested us to clarify the position without any ambiguity.

    3. We have examined the matter and clarify that the employees who have completed two years or more as on 15th November, 2012, after receipt of 5th stagnation increment, would be eligible for 6th stagnation increment w.e.f. 1st November, 2012, notionally, however, monetary benefit to such employees will be given 3 years after receipt of 5th stagnation increment or w.e.f. 1st May, 2015 whichever is earlier. Similarly, 7th stagnation increment will be released notionally 2 years after notionally release of 6th stagnation increment and monetary benefit of 7th stagnation increment will be released 2 years after receipt of monetary benefit of 6th stagnation increment or w.e.f. 1st May, 2015 whichever is earlier. 8'h stagnation increment will be released 2 years after notionally release of 7th stagnation increment or w.e.f. 1st May, 2015 whichever is later. The case may be clearly understood by following illustrations:


    Illustration - I: Date of Receipt of 5th Stagnation Increment: 01/10/2010


    Position as per 9th bipartite Settlement
    Position as per 10th Bipartite Settlement
    Stagnation Increment
    Due Date of Release
    Notional Date of Release
    Date of Monetary Benefit
    6th
    01/10/2013
    01/11/2012
    01/10/2013
    7th
    01/10/2015
    01/11/2014
    01/05/2015
    8th
    -----
    01/11/2016
    01/11/2016


    Illustration - II: Date of Receipt of 5th Stagnation Increment: 01/10/2011


    Position as per 9th bipartite Settlement
    Position as per 10th Bipartite Settlement
    Stagnation Increment
    Due Date of Release
    Notional Date of Release
    Date of Monetary Benefit
    6th
    01/10/2014
    01/11/2013
    01/10/2014
    7th
    01/10/2016
    01/11/2015
    01/10/2015
    8th
    -----
    01/11/2017
    01/10/2017


    Illustration - III: Date of Receipt of 5th Stagnation Increment: 01/10/2012


    Position as per 9th bipartite Settlement
    Position as per 10th Bipartite Settlement
    Stagnation Increment
    Due Date of Release
    Notional Date of Release
    Date of Monetary Benefit
    6th
    01/10/2015
    01/10/2014
    01/05/2015
    7th
    01/10/2017
    01/10/2016
    01/10/2016
    8th
    -----
    01/10/2018
    01/10/2018


    4. Please arrange accordingly.

    Yours faithfully,

    Sd.
    K Unnikrishnan
    Deputy Chief Executive

    Source:- AIBEA

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