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]
Shri Rajkiran Rai. G
Indian Banks’ Association,
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.
Source : http://banknewskumar.blogspot.com/