Tuesday, May 4, 2010 Comments: (0)





Outtabox by Free Css Templates









Welcome to Outtabox!


Outtabox is a free template from Free CSS Templates released under a Creative Commons Attribution 2.5 License. The photo is from PDPhoto.org. You're free to use it for both commercial or personal use. I only ask that you link back to my site in some way. Enjoy :)



In posuere eleifend odio. Quisque semper augue mattis wisi. Maecenas ligula. Pellentesque viverra vulputate enim. Aliquam erat volutpat. Pellentesque tristique ante ut risus. Quisque dictum. Integer nisl risus, sagittis convallis, rutrum id, elementum congue, nibh dictum porta lectus.


Suspendisse dictum porta lectus. Donec placerat odio vel elit. Nullam ante orci, pellentesque eget:



  1. Integer sit amet pede vel arcu aliquet pretium...

  2. Lorem ipsum dolor sit amet, consectetuer...

  3. Phasellus nec erat sit amet nibh pellentesque...






 







Sunday, May 2, 2010 Comments: (0)
http://10thbipartiteorpaycommission.blogspot.com/p/trade-union-in-banks.html

Pillai Committee in banks

Comments: (0)
Dear Readers,
Those who support pay commision in banks refers the pillai committee recomendation.

What this Committe ?Why it is formed by the Govt.?After committe formation by the Govt ,what happened to the bipartite settlement ?.
Wheather even after pillai comittee formation , the bipartite negotiataion took place?When pillai committee and 2 nd bipartite co exists what happened in the 3 rd bipartite talks?
This is history every present bankmen should know.
I could not find much articles on pillai committee in the web and as for as possible what are the articles found in the web relating to pillai commitee I give link here or reporoduse here for the benifit of readers.
I still searching for any printed material on pillai committe.
Elder bank members can contribute their memories .
Knowledge should be shared. Please contibute.

With regards
SELVAKUMAR
Comments: (0)
Dear Readers,
Those who support pay commision in banks refers the pillai committee recomendation.

What this Committe ?Why it is formed by the Govt.?After committe formation by the Govt ,what happened to the bipartite settlement ?.
Wheather even after pillai comittee formation , the bipartite negotiataion took place?When pillai committee and 2 nd bipartite co exists what happened in the 3 rd bipartite talks?
This is history every present bankmen should know.
I could not find much articles on pillai committee in the web and as for as possible what are the articles found in the web relating to pillai commitee I give link here or reporoduse here for the benifit of readers.
I still searching for any printed material on pillai committe.
Elder bank members can contribute their memories .
Knowledge should be shared. Please contibute.

With regards
SELVAKUMAR
Comments: (0)
Viewers may share topics related to 10 th bipartite or the 10 th bipartite issues connected with 6 th pay commision.No matter other than 10 th bipartite will be disscussed here.

Let us share information with friends.


with regards
SELVAKUMAR
Comments: (0)

Dear Reader,

This post has been taken from

http://paycommissionupdate.blogspot.com and posted by Mr.Balan

The highlighted part of the post has relevance to our disscussion topic .

"10 th Bipartite or Pay Commission like Central Govt, which will you prefer ?"


WHAT NEXT


The dust /heat is slowly receeding and employees started reconciling by blaming the fate and the compulsions of UFBU ,somehow managed the pf optees also to board the PENSION TRAIN at heavy cost in the name of sharing .As CHV has pointed out the actuaries estimation in gap of 6000 crores relates to pf optees only including retirees. Pension regulation 1995 talks about estimation of deficit by actuaries and the gap should be provided for. Initially IBA/UFBU might have thought that this can be recovered from all existing employees and pf retirees. The sudden filing of case at HYDERABAD and legal opinion by some constituent of UFBU might have tilted the equilibrium and suddenly IBA cleverly demanded the entire share from pf optees . Sensing the probable delay if any ,UFBU particularly AIBOC/AIBOA/AIBEA might have accepted ,as the pension option has to be achieved at any cost to save 2.6 lakhs pf optees.

The pension settlement says that all other items other than the agreed areas is as per pension regulation 1995. Since commutation also forms part of the regulations, the retirees under nineth bipartite are assured of higher commutation amount as the old table may be used for computation of the commutation amount. Probably this may be the inside story of the notorious 56% extra recovery from the retirees till the date of settlement.
Earlier because of the urgency in making the VRS scheme 2001 a grand success , the IBA hurriedly approved the draft without deep scrutiny and the pension optees of VRS 2001 scheme got lump sum/pension/plus five years addition. They illegally refused addition. But Supreme court came to the rescue.
Hence IBA does not want to take risk this time and anyway they required 1800 crores whoever pays it.
Let us see how the circulars are going to come and what interpretations /misinterpretations ,the respective overzealous HRD officials of individual banks are making at the time of actual implementation,.

Since almost all may get into the PENSION FOLD barring few thousand employees if any, future sharing by pension optees does not arise as they are expected to provide pension as per the regulation. They may once again estimate and the gap has to be funded by themselves from the profit.They raise the usual story of non absorbing the expenditure for wage revision. I n this area only unions should be cautious. From 01.04.2010 onwards only NPS is going to come and the young blood joining the industry may not be happy if their salary increase is sacrificed for the pension fund. Unions will have same dilemmas and MOF will not as usual yield. HENCE GOING FOR FINANCIAL PAY COMMISSION MAY BE THE BEST CHOICE FROM 01.01.2016 AFTER RECTIFYING THE POSSIBLE ANOMALIES AND THE HUGE GAP CREATED IN THE SALARY LEVELS OF BANK AND VI TH PAY COMMISSSION.
ATLEAST FROM 01.11.2012.HRA SHOULD BE REVISED , INTRODUCTION OF EDUCATION ALLOWANCE ,CONVEYANCE ALLOWANCE ALL AS PER SIXTH PAY COMMISSION. THIS IT SELF WILL BE MORE THAN 40%. INLIEU OF GRADE PAY EITHER PERFOMANCE INCENTIVES OR POST ALLOWANCE SHOULD BE INTRIODUCED. ALL SHOULD BE FROM NON PENSIONABLE AREAS . ENTIRE ALLOCATION SHOULD BE ONLY FOR BRINGING PARITY.INDEX LEVEL SAME BASIC SAME DA RATE SAME. NO PENSION FUND ALLOCATION .

Comments: (0)
Dear Readers,

Please respond to this post.
I have taken this post from http://paycommissionupdate.blogspot.com/2010/04/nbef-signs-negotiation-9th-bps-for.html?showComment=1272801481047#comment-c6339190129186299610 and republish here with an intention to share the views supporting on our topic

"10 th Bipartite or Pay Commission like Central Govt, which will you prefer ?"





Chandan Says :

Bank employees wage increase 17.5% pushed the attraction of a bank job far behind than that of a central government job, while compairing stress & strain involved between these two. Definitely unemployed will join in bank for employment, but not brains as it used to be happened in the days of Eighties & Nineties.One should observe that the so called wage hike every five years in banks have been quite minimal during the past decade or so whereas in central govt. there has been a quantum jump this time. As matters stand today the pay package in central govt. is quite high when compared with similar posts in banks. So naturally people who have other choices in hand will not join banks any more. And one should know that in banks now a days people have to toil hard even beyond ofice hours, that too being loaded with heavy risks all the time. In such a condition the present pay package wil not attract talents into banks.
May 1, 2010 12:12 AM

Read more: http://paycommissionupdate.blogspot.com/2010/04/nbef-signs-negotiation-9th-bps-for.html?showComment=1272801481047#comment-c6339190129186299610#ixzz0msdoGshN

Bank employees wage increase 17.5% pushed the attraction of a bank job far behind than that of a central government job, while compairing stress & strain involved between these two. Definitely unemployed will join in bank for employment, but not brains as it used to be happened in the days of Eighties & Nineties.One should observe that the so called wage hike every five years in banks have been quite minimal during the past decade or so whereas in central govt. there has been a quantum jump this time. As matters stand today the pay package in central govt. is quite high when compared with similar posts in banks. So naturally people who have other choices in hand will not join banks any more. And one should know that in banks now a days people have to toil hard even beyond ofice hours, that too being loaded with heavy risks all the time. In such a condition the present pay package wil not attract talents into banks.