Home11th Bipartite SettlementClarification on benefits of rescheduling of stagnation increments under 11th Bipartite Settlement

Clarification on benefits of rescheduling of stagnation increments under 11th Bipartite Settlement

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Clarification on benefits of rescheduling of stagnation increments under 11th Bipartite Settlement

ALL INDIA BANK EMPLOYEES’ ASSOCIATION
Central Office: “PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
Phone: 2535 1522 Fax: 4500 2191, 2535 8853 Web: www.aibea.in
e mail – [email protected] & [email protected]

AIBEA/GS/2021/79

17-5-2021

To

Shri Rajkiran Rai. G
Chairman
Indian Banks’ Association,
Mumbai

Dear Sir,

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Reg : Clarification on benefits of rescheduling of stagnation increments under 11th Bipartite Settlement.

Ref: Our letter dated 27-4-2021

1. We draw your kind attention to our above letter on the subject. Even though the provisions in the Settlement are explanatory and clear in language, many have referred the issue to IBA seeking clarification with the result that pending reply and clarification from IBA, Banks have not implemented these provisions of the Settlement and not extended the benefit of preponement/rescheduling of stagnation increment to the eligible employees/retired employees.

2. Similarly, when the 8,” Stagnation Increment was extended under 10th BPS in 2015, the benefit of the same was to be extended notionally for those who had retired between Nov. 2012 and April, 2015 and monetary benefit from May, 2015 for their pensionary benefits. IBA has already sent its clarification to all the Banks vide its Circular dated 29-1-2021. This benefit has also not been implemented by the Banks.

Such an attitude of the Banks and non-implementation of the provisions of Settlements will cast its shadow in cordial industrial relations and also affect the reputation of IBA besides the sanctity of the Settlement.

This is equally affecting the credibility of the Unions also.

Hence, we seek your personal attention in the matter.

Thanking you,

Yours faithfully,

C.H. VENKATACHALAM
GENERAL SECRETARY

Source : http://banknewskumar.blogspot.com/

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stagnation increments under 11th Bipartite Settlement

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2 COMMENTS

  1. I reached maximum scale of pay scale 3 in May 2008 and received stagnation 2011 2014 2017 2014 total 4. Now I retired on 31/12/2020.
    As per bps 11th how much stagnation increaments will be released to me. What is date of grant 5th and 6th stagnation.

  2. I promoted from clerk to officer on 01/04/2020 joined in the bank on 04/12/1985.At the time of promotion my Basic pay was 39400as a clerk. And after promotion Bp stood 42020.Itwas revised to Rs63840 on 11th Bp. I retired on it. I want to know whether I shall get 9th stagnation. Kindly let me know.

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