Home11th Bipartite SettlementBipartite Talks with IBA on 13th Jan 2020 - Meeting Minutes

Bipartite Talks with IBA on 13th Jan 2020 – Meeting Minutes

- Advertisement -

Bipartite Talks with IBA on 13th Jan 2020 – Meeting Minutes


Circular No.01/2020
To all Units, Office Bearers, CC & GC Members

13th January 2020

Dear Comrade,

Bipartite Talks

Another round of negotiations for 11th Bipartite settlement took place on 13th instant at Mumbai. Representatives of 9 constituents of UFBU were present. On behalf of BEFI, the undersigned attended the meeting. IBA negotiating team was led by Mr Rajnish Kumar, Chairman , IBA.

- Advertisement -

IBA initially did not improved their offer of 12%. As UFBU didn’t accept the offer, IBA revised their offer finally to 12.25% with loading of 2%. This revised offer was also not accepted, which has been informed by UFBU to IBA.

IBA turned down the demand for Merger of Special Allowance with Basic Pay. IBA took similar stance in matter of 5 day banking.

Also Read : 11th Bipartite Settlement – Talks on 5.12.2019

IBA revised their offer on PLI for the third time. The offer is on Year to Year increase in Operating Profit divided into 3 slabs ranging from 5% to more than 15%, linking the upper two slabs (10% to 15% and more than 15%) with Net Profits.

IBA did not agree to our demand of increasing the number of days for encashment of leave at the time of retirement. IBA proposed for 5 days encashment of PL per year in addition to LFC. Employees with less than 5 years of service left will be able to encash 7 days’ leave per year.

So far improvement of Family Pension is concerned, IBA reiterated that recommendation has been sent to the Government and in regard to Updation of Pension IBA told that the issue can be discussed only after calculation of the cost.

After discussing the financial offers of IBA amongst the constituents, UFBU expressed its inability to accept the same. Thereafter UFBU meeting was held as scheduled and decisions were taken to launch agitations and Strike actions. Detailed Circular in this regard will be issued separately.

With greetings,

Yours comradely,

(Debasish Basu Chaudhury)
General Secretary

Source : BEFI


- Advertisement -


Please enter your comment!
Please enter your name here