Xth Bipartite Settlement BY Mr. Pannvalan Two Years Ago

TENTH BIPARTITE SETTLEMENT - EXPECTED PAYSCALES

S No	Rank/Grade	Existing Basic Pay (Rupees)		Revised Basic Pay (Rupees)		Annual Increment –         New (Rupees)
		Starting	Closing	Starting	Closing
1	Sub-staff	5850	14150	10500	25500	700/8  -  800/8 -  1000/3
2	Clerk	7200	24900	14000	44000	1200/3 – 1500/8– 1800/8
3	Officer – JMGS I	14500	25700	26000	48000	1500/6 – 1800/5 – 2000/2
4	Officer – MMGS II	19400	28100	36800	55400	1800/4 – 2100/2 –2400/3
5	Officer – MMGS III	25700	31500	46100	61000	2100/1 - 2400/3 – 2800/2
6	Officer – SMGS IV	30600	36200	55400	67400	2800/2 -  3200/2
7	Officer – SMGS V	36200	40400	67400	81200	3200/2  – 3700/2
8	Top Executive – TEG VI	42000	46800	81200	97000	3700/2 – 4200/2
9	Top Executive – TEG VII	46800	52000	97000	115000	4200/2 – 4800/2

Assumptions:

1. The average All India Consumer Price Index for Industrial workers (Base: 1960=100) is expected to be at 4868 for the quarter ending 30^th September, 2012 and accordingly, the DA as on 31-10-2012 will be at 76.20%.
2. Merger of D.A. at this level (76.20%) with the existing basic pay will be done and then an increase of 15% (additional load factor) is given.
3. Accordingly, the new basic pay will be 2.0263 times the present basic pay.
4. But, if the last settlement is any indication, the DA basing on the average of AICIPI (1960=100) for the Quarter ended 30-09-2011 only (not 30-09-2012) will be merged with the existing basic pay.  Then in that case, the revised basic pay will be 1.84 times the present basic pay.

SOME IMPORTANT POINTS

1.   It is expected that the UFBU will submit joint charter of demands only in November, 2012.

2.   IBA will start wage revision negotiations with UFBU only in 2013.

3.   It is likely that the settlement is reached before 2014 general elections to the parliament.

4.   If it is not done before parliamentary elections in 2014, the settlement will get delayed further and only 6 months after the new government at the centre assumes charge, the settlement may be reached.

5.   In any case, before March, 2014, no tangible progress can be expected.

6.   Therefore, do not nurture any high hopes right now.

OTHERS

1.    It must be borne in mind that the next wage revision for Central Government employees is due in 2016.

2.    It is expected that the 7^th Pay Commission will be constituted in the year 2014 or 2015.

3.    Already we are far behind the central government employees in pay and perks and if we fail to bridge the gap between them and us at the time of our next wage revision, the gap will remain unbridgeable forever.

4.    Already the bank jobs have lost their charm, for the highly qualified and meritorious candidates and the attrition rate is also very high.

5.    Moreover, we must remember that nearly one third of the existing staff in the banking industry retire in the normal course (on attaining the age of superannuation), in the next 3 years.

6.    Therefore, unless we make the bank job a more lucrative and interesting profession, banks especially in the public sector cannot attract good talent and retain it.

7.    If the revised basic pay is less than 1.75 times the existing pay, it only reflects upon our weak bargaining power and the inability of our union leaders to feel the pulse of the officer population especially those in the public sector banks.

Date: 01-05-2012                                                                                                                         pannvalan