Meztisho In all other respects, the General Rules and Provisions contained in Chapter V of the Bipartite Settlement dated 19th October, as modified from time to time shall continue to apply. In modification of Clause 14 of the Bipartite Settlement dated 14th February,with effect from the date of this Settlement, halting allowance shall be payable at the following rates for the days spent on duty outside the headquarters: Voluntary Cessation of Employment. Places with population of more than 12 lakhs. Split Duty Allowance, Cycle Allowance and Overtime Allowance It is clarified that while calculating the arrears for the period of the Settlement uptilif the net difference between the existing total emoluments and the revised total emoluments after Provident Biparrite deduction is negative, the same shall be ignored. Foboisu-federation of Bank of India Staff Unions In respect of Indian Overseas Bank the provisions of the Awards as further modified by the Settlements dated 14th December,17th December,29th July,23rd March,1st August,31st October,21st April,8th September,17th September,5th January,10th April,29th June,16th July,29th October,14th February,14th December, and 28th November, shall continue to govern the service conditions of the workmen except to the extent the same are modified by this settlement.
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All constituents of UFBU participated. Discussion remained inconclusive. After a lot of discussions, the following points emerged today: 1. Demand on 5 Day Banking will be taken forward by further discussions. Addtional Encashment of Privilege Leave 5 days per year. Improvement in Family Pension 6. Revised offer on PLI was given at 1. IBA agreed to discuss all other issues through further discussions.
CLC advised further talks to be held by iba. Iba agreed to call for the talks. Sanjay Kumar Director and Sh. Nand Kumar Under Secretary were present and stated that the matter involved needs to be discussed at the bilateral level between the IBA and federations and also to be resolved at the bilateral level. Conciliation officer and CLC C expressed his opinion that all the points of discussion persisting can be resolved only through continuous dialogue and communication and accordingly advised both management and office bearers to sit together expeditiously and discuss the unresolved issues for having amicable resolutions in the matter.
The joint discussion may continue not only for a single day but parties may have several rounds of discussion sincerely to sought out differences positively in the next 15 days and were requested to apprise the conciliation officer about the progress on 5th March Strike stands.
So 2 days strike on 31 Jan and 1st Feb confirmed. Accordingly IBA held a round of bipartite meeting in Mumbai. But he did not agree to the demands of the Unions like bank holidays on all Saturday and Sunday. Merger of special allowances with basic pay. Hence the talks ended as a failure and unions decided to go ahead with the strike for 2 days on 31 jan and 1st Feb.
10th Bipartite Settlement.pdf
The Settlement dated 27th March, was operational for a period of 5 years from 1st November E Simultaneously, IBA also raised with the Unions, issues on behalf of the managements of banks concerned, to be discussed and settled with a view to improving efficiency of operations, customer service, utilization of manpower, discipline and maintaining harmonious industrial relations. F The parties initially agreed after negotiations that total quantum of wage increase arising out of a Settlement to be signed in this regard shall be Rs. It is agreed that for the purpose of this settlement, the additional cost of pension be shared between the parties at the ration as agreed and pension cost accordingly.
10th Bank Bipartite Settlement
All constituents of UFBU participated. Discussion remained inconclusive. After a lot of discussions, the following points emerged today: 1. Demand on 5 Day Banking will be taken forward by further discussions. Addtional Encashment of Privilege Leave 5 days per year. Improvement in Family Pension 6.
XI BIPARTITE SETTLEMENT update 16 Mar 2020
The Settlement dated 14th December was co-terminus with the Settlement dated 14th February, D The IBA also raised with the Unions, during negotiations, issues on behalf of the managements of the banks concerned, to be discussed and settled with a view to improving productivity, efficiency, customer service, discipline and maintaining harmonious industrial relations. E The Unions put forward a demand for giving yet another opportunity to those employees who had not opted for pension earlier. While IBA expressed its inability to consider the demand of the Unions, on their insistence however, it agreed to forward the demand to the Government of India. The parties initially agreed after prolonged negotiations that the total quantum of wage increase arising out of a Settlement to be signed in this regard shall be It is agreed that for the purpose of this Settlement Pension be costed at G The parties thereafter negotiated the aforesaid demands and issues on several occasions and have now reached an agreement as set out hereinunder in full satisfaction of their demands.
6TH BIPARTITE SETTLEMENT PDF