The signing of 10th BPS is in the final stages and a lot of details about Pay Scales for workmen as well as officers is now available in public domain. A number of charts and arrear calculators are available on various facebook posts. However, none of these is final as final BPS is yet to be announced and there may be small fine tunings even at this stage.
In the last wage revision also, www.allbankingsolutions.com have uploaded number of arrear calculators for the use of our visitors. Two of the most popular calculators were sent by Mr Ashwani Suri (PSB) and Sudhir Mulherkar (BoI). This time too, both of them have been generous to send us their initial versions for testing by our reader bankers. Both the calculators have their own advantages. Therefore, you can use which serves your purpose the best. We are giving below the links for downloading the same and use the same.
You can always convey the suggestions and / or any errors noticed in these calculators to the authors of these calculators directly, so that in the forthcoming versions of these (to be uploaded once the BPS has been finally signed) can be more accurate and serve the interests of largest number of bankers.
(a) Bank Arrear Calculator ((version 3 ) sent by Mr Ashwani Suri of PSB ZO Amritsar Suggestions can be sent to his mail id : suri.wagerevision@gmail.com (Revised version 3.0 was uploaded on 25/05/2015 (Evening) after final settlement)
(b) Bank Arrear Calculator - Final (version 1.0) sent by Mr Sudhir Mulherkar of BoI, HO. Suggestions can be sent to his mail id : sudhir.mulherkar.sm@gmail.com (Revised version Final 1.0 was uploaded on 26/05/2015 (Morning) after final settlement) [Message : Mr Sudhir Mulherkar intends to also provide PENSION calculator for the benefit of those who retired after 01-11-2012. It will show pension as per 9th BPS and 10th BPS and the difference in Commutation amount.]
DISCLAIMER : These Arrears Calculators are free tools contributed by bankers who have excellent knowledge of EXCEL. They have done their best to make these calculators as accurate as possible. However, if any error occurs, neither the creators of these calculators nor AllBankingSolutions.com will be responsible for such mistakes. The readers will be using these at their own risk and responsibility.
Retirees Completely Dumped by IBA and UFBU : They Say "There is No Contractual Relationship Between Banks and Retirees"
Left to the Mercy of Courts-By Rajesh Goyal
Till last month, the circulars of UFBU and the statements of leaders upto end of April 2015, indicated as if they are hotly purusing with IBA for settling certain demand of retired bankers. UFBU have already resisted any attempt by Retiree Associations get involved in the negotiation talks as they viewed it as part of the negotiations. Till 9th BPS also, the pension issue for the retired bankers was part of the negotiations, and thus everybody was hoping that leaders will be taking up the issue of retired bankers once they have concluded broadly the negotiations for the serving bankers. For last one week or so, retired bankers started getting feed back as if UFBU has withdrawn itself for taking up the issues of the retired bankers. It was too late for the retired bankers to understand and react to this volta face by UFBU in connivance with IBA.
Alongwith the Joint Note, they have released a Record Note of Discussions with IBA on the issues relating to Retired Bankers. We place below the copy of the record note for the benefit of all our retired colleagues so that they know exactly how they have cheated them :-
10th BPS for Officers - Joint Note Released -By Rajesh Goyal
After 10th BPS became due wef 01/12/2012, today i.e. on 25th May 2015, after a gap of 935 days, finally 10th BPS has been signed and AIBOC has released the copy of the Joint Note alongwith its own circular and a record note about retired bankers. In its circular Mr Harvinder Singh has written as follows:-
“FIRST THEY IGNORE YOU, THEN THEY LAUGH AT YOU, THEN THEY FIGHT YOU, THEN YOU WIN” – (Mahatma Gandhi). Precisely speaking these were the stages, we all witnessed while fighting our battle for a fair wage settlement. There had been umpteen numbers of roadblocks, resistances and backward pulls from many quarters in our road to reach final settlement. But, let us salute and congratulate our membership for the stoic solidarity, which made the 25th May, 2015, another historic day in the history of Trade Union Movement of the Banking Industry when the anxiety, apprehensions, restiveness thrusted upon us for more than two and a half years could be put to an end by signing of 10th Bipartite Settlement ! Comrades, ultimately, clarity has emerged for our future stand and actions.
Please refer to our last Circular No. 2015/24 dated 20.05.2015, whereby, we had apprised our members about signing of Cost Sheet / Distribution Sheet for Officers under 10th Bipartite Settlement on 20.05.15. The salient features with regard to pay slip component were also highlighted in that circular. However, we would like to clarify that the additional stagnation increments for Scale II and Scale III and one for Scale IV would be made effective from 01.05.2015 only. The dates mentioned in our Circular No. 2015/24 were because of a mistake in the Cost Sheet. However, the contract of stagnation increment has been as per the prevailing practice followed in the past.
We would also like to mention that there have been many representations regarding reduction in the pension amount for those retired after 01.11.2012. Let us clarify that with merging of D.A. amount and 2% load, the basic pay has increased substantially whereas, DA amount has reduced. Therefore, the commutation amount also works out higher, leaving the residual pension lesser than the pre-revised salaries. However, we took up the matter with IBA and they have agreed to incorporate a clause to give option to the retirees to choose the percentage of commutation in the arrears payable as per their choice to keep the residual pension not lesser that the earlier one.
We had also advised our members that joint note will be signed on 25.05.2015. We are happy to advise our members that the process has been concluded today by signing of joint note. The copy of joint note is being attached with this Circular.
IBA has agreed to advise the Government to permit the banks to make payment of arrears as ad-hoc amount, pending amendments to the regulations.
With comradely greetings"
Interestingly, this joint note almost contains the same things which we have predicted since 23rd February, 2015 but union leaders were vehemently denying. We will put up the detailed analysis of these later on.
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