Posted: in Finance by Manish Kumar 33 Comments

IBA Wage Revision Latest News at AIBEA Revision Talks (update)

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AIBEAAfter the April 21 AIBEA Wage Revision Talks, another talk was scheduled today, the April 27th, 2010 where another meeting will be held with the UFBU with a view of signing the final settlement.

So far there has been no update from the AIBEA regarding the final result. We are closely watching the AIBEA official website for updates and we will post here as soon as we have something.

Accoring the AIBEA official website, the final settlement will be signed today and an update will be posted on the official website’s “News and Events” section. You can visit the section here.

Please watch this space for the updates. We will be back soon with the news.

UPDATE: The 9th bipartite settlement has been signed. Complete report here.

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Comments/Queries

  • kamal
    Apr 27, 2010 at 08:59:pm

    shame to union leaders

  • ops
    Apr 27, 2010 at 09:09:pm

    what a settlement ! leaders,set,get & go.

  • ops
    Apr 27, 2010 at 09:20:pm

    how terrific is the victory !

  • himansu
    Apr 27, 2010 at 10:53:pm

    the stage is over for the union leaders.let an independent commission be set up for wage revision.

  • nibedita
    Apr 27, 2010 at 10:18:pm

    we all were waiting for a handsome salary as comparable to similar posts in central and state govts. it has only frustrated the younger generation,.

  • k.p. barnwal
    Apr 27, 2010 at 10:26:pm

    ALL BANKERS SHOULD DECIDE NOT TO PAY ANY LAVY FOR THIS SHAMEFUL 9TH
    BIPERTITE SETTLEMENT WHERE A BANK CLERK IS GETTING LESS WAGES EVEN THAN A PEON OF CENTRAL / STATE GOVT EMPLOYEE.

  • sanjeet sethi
    Apr 28, 2010 at 01:44:am

    big shame for union leaders…they have dissapointed their work force..that is their members..not at all satisfied with this outcome..

  • Rob
    Apr 28, 2010 at 01:31:am

    we all were waiting for a handsome salary as comparable to similar posts in central and state govts. it has only frustrated the younger generation,.

  • A Ravi
    Apr 28, 2010 at 07:54:am

    shame , shame and only shame . Who will marry our children as we are the lowest paid officer in the comunity

  • Bill
    Apr 28, 2010 at 09:13:am

    big shame for union leaders…they have dissapointed their work force..that is their members..not at all satisfied with this outcome..

  • SRINI
    Apr 28, 2010 at 10:09:am

    I think All Younger employees should resign with out any delay…….this pay revision very useful for old age..let them they work…

  • Tony
    Apr 28, 2010 at 01:25:pm

    big shame for union leaders…they have dissapointed their work force..that is their members..not at all satisfied with this outcome..

  • I.J.Singh Sidhu
    Apr 28, 2010 at 02:34:pm

    Though it may be some what beneficial to retired PF optees but can’t you sacrifice a little bit for your senior colleagues ? they too have sacrificed a lot during their service period .

  • s,c,wadhwa
    Apr 28, 2010 at 03:29:pm

    As News came out PF optee and have retired on or after 1995 (I.e after the introduction pension in the banks ) are to contribute/refund 156% of CPF received by them irrespective of date of their retiring from bank service . It do not appear loglcal as person who have earned the interest on CPF money 15 years (Retired in 1995) and person retired 2009-2010 who have earned the interest for a year or so ,are required to pay 156%

  • MAHESH
    Apr 28, 2010 at 04:17:pm

    shame shame after paying load in every settlement in pension fund when we get chance with penality

  • MAHESH
    Apr 28, 2010 at 04:50:pm

    unions have disappointed every member, though the the full settlement is taken time of 30 months the burden from 1.6 times to 2.8 taken time only one night. PF optes also contributed in every settlement why we pay penality of 2.8 times. this is injustice with bank employees done by unions

  • satish
    Apr 28, 2010 at 06:53:pm

    very disappointing settlement .we were hoping a good increase in the salaries as compared to other central / state govt employees .now no one is ready to marry with us/our children.shame very shame.

  • Pradip S Datar
    Apr 28, 2010 at 06:59:pm

    In latest wage revision,new pension optee will have to share 2.8 times his november 2007 new salary.
    The cummulative amount will have to be deducted in their arrears.This is a financial loss of PF-OPTEE. I want to suggest you to give 100% TAX EXUMPTION on 2.8 times of november 2007 pay to PF-OPTEE.It will help to reduce some part of Financial burden and it will help to increase their arrears by appox.20,000 Rs.

  • nishant
    Apr 28, 2010 at 08:37:pm

    i think that there were another subsidised market will open by the government for the bank employee as the revision has been made.

  • HIMANSU
    Apr 29, 2010 at 05:39:pm

    HATS OFF TO THOSE BRAVE EMPLOYEES WHO FILED WRIT PETITION IN ANDHRAPRADESH HIGHCOURT AGAINST CONTRIBUTION TO PENSIO FUND BY ONE AND ALL.THEIR EFFORTS YIELDED RESULTS OVERNIGHT. SUCH BRAVE AND HONEST PERSONS SHOULD COME FORWARD AND TAKE REIN OF UNION AND REMOVE THOSE LEADERS WHO ARE HUMBLY AND OBEDIENTLY SUBDUED BY AND SUBMITTED TO IBA FOR BEST REASONS KNOWN TO THEM.

    HIMANSU
    E.H.KHAN

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