UFBU indicated flexibility on its demand of 25% provided IBA revise its offer substantially and also settle other issues…

On 27 Sep. to find amicable solution UFBU indicated flexibility on its demand of 25% provided IBA revise its offer substantially

 

On 27th September 2014, in order to find amicable solution UFBU indicated flexibility on its demand of 25% provided IBA revise its offer substantially and also settle other issues. IBA told they would hold meeting in the next week and respond.

 

On Government approval for revision of Staff Housing Loan Scheme, IBA instructed the banks to revise the same by their Boards

 

Department of Financial Services, Ministry of Finance, Government of India vide their letter no. F.No.4/5/2/2003-IR dated August 11, 2014 advised Public Sector Banks to revise the Staff Housing Loan Scheme. Accordingly, IBA vide their letter no. CIR/HR&IR/2014-15/624-A/482 dated August 12, 2014 has issued instructions to all Public Sector Banks to formulate the Staff Housing Loan Policy with the approval of their respective Boards keeping the Housing Loan Scheme to Staff outside the purview of Industry level Bipartite Settlement.

For letter issued by IBA to the Banks Click http://aipnbsf.org/files/Letter%20from%20IBA%20to%20Banks%20dated%2012.08.2014.pdf

 

Deptt of Financial Services, MOF, GOI advised PSBs to frame policy to minimize the hardship of female employees during transfers
Department of Financial Services, Ministry of Finance, Government of India vide their letter no. F.No.4/9/1/2014-IR dated August 8, 2014 advised Public Sector Banks including IDBI and SBI associates to frame policy on the subject with the approval of their Board to minimize the hardship of female employees during transfers, keeping in view the following:-

i) -To accommodate as far as possible placement/transfer of married female employee, on her request, at a place where her husband is stationed or as near as possible to that place or vice versa; and

ii) -To accommodate as far as possible placement/transfer of unmarried female employee, on her request, at a place where her parents, are stationed or as near as possible to that place.

 

For more details Click http://aipnbsf.org/files/Transfer%20of%20Female%20Employees.pdf

 

Compassionate Appointment Scheme in PSBs on the lines of Central Govt cleared by the Govt. Ex-Gratia Scheme will be discontinued

 

Government of India vide their D.O.F. No. 18/2/2013-IR dated 7 August 2014 cleared Compassionate Appointment Scheme in Public Sector Banks on the lines of Central Government. Ex-Gratia Scheme in lieu of Compassionate Appointment will be discontinued. Scheme is effective from 05.08.2014. Necessary instructions in this regard have also been issued by IBA vide their Circular No.CIR/HR&IR/2014-15/532/476 dated 11.8.2014

 

To know about the Scheme Click http://aipnbsf.org/files/Compassionate%20Appointment%20Scheme.pdf

 

DA payable to employees for the Quarter Aug. to Oct. 2014 shall be 683 slabs i.e. an increase of 33 slabs over the current level

 

In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of Dearness Allowance payable to workmen and officer employees for the quarter August 2014 to October 2014 shall be 102.45% of ‘Pay’ against 97.50% of ‘Pay’ applicable for the previous quarter.

 

On 13th June IBA improved their offer from 10% to 11% which UFBU rejected & told 25% on pay slip components is their expectation

 

During negotiations on 13th June 2014, IBA improved their offer from earlier 10% to 11% which UFBU rejected. Since UFBU refused to accept the IBA’s offer of 11% increase, IBA wanted to know the expectation of the UFBU for which it was informed that our minimum expectation is 25% increase in the Pay Slip components cost. IBA expressed their total inability to accept the same as it is beyond the paying capacity of the Banks.

For more details Click http://aipnbsf.org/files/Microsoft%20Word%20-%20Circular%2013_2014_.pdf

 

Government issued guidelines for Pay Fixation of Ex-servicemen Re-employed in Public Sector Banks on or after 01.01.2006

 

Government issued guidelines for Pay Fixation of Ex-servicemen Re-employed in Public Sector Banks on or after 01.01.2006.

For detailed guidelines Click http://aipnbsf.org/files/Annexure.pdf

 

Employees who were Dismissed / Removed but subsequently reinstated are entitled for one more option of pension

 

The IBA vide its letter HR & Industrial Relations No.CIR/HR&IR/G2/2013-14/8618 dated 06.01.2014 communicated that the Ministry of Finance, Government of India vide its letter F.No.4/8/22/2001-IR dated 19.02.2002 advised banks to take an appropriate decision with the approval of Bank’s Board only in those cases where the officer/employee could not exercise option because he/she stood either dismissed or compulsorily retired as on 29.09.1995 but later on got reinstated either due to decision of the court or appellate authority. In case the incumbent has got full wages for the period of absence due to dismissal etc., such period will be counted as qualifying service for pension. In case the incumbent has not got the benefit of full wages, the period of absence will not be considered as qualifying service for pension. AII other requests received by the Bank for different reasons should not be accepted under any circumstances.

 

Ex-Gratia amt. to Pre 1986 Retirees/ surviving spouses revised to Rs.350+Dearness Relief and Rs.175+Dearness Relief respectively

 

The IBA vide its letter HR & Industrial Relations No. CIR/HR&IR/G3/2013-14/8615 dated 06.01.2014 communicated that the Ministry of Finance, Government of India has enhanced the Ex-gratia amount being paid to (1) Surviving Pre 01.01.1986 retirees and (2) Surviving spouses of pre 01.01.1986 retirees based on the recommendations of IBA as below:

 

Surviving Pre 1.1.1986 retirees Surviving spouses of Pre 1.1.1986 retirees
Existing Rs.300/- plus applicable Dearness Relief thereon Rs.1000/- fixed without applicable Dearness Relief thereon
Revised Rs.350/- plus applicable Dearness Relief thereon Rs.175/- plus applicable Dearness Relief thereon

 

Family of Armed Force Re-employed in Bank/PSU/Civil Dept after retirement from Military is entitled to draw Dual Family Pension

 

Family of Armed Forces who got Re-employed in Banks/PSUs/Civil Deptt./Autonomous Bodies/Local Funds of Central/State Govt. after getting retired from Military Service and were in receipt of Military Pension till death, shall also be allowed to draw Dual Family Pension (from Military as well as from the deptt. where re-employed). The Benefits shall be granted from 24.09.2012 only. However, this provision will also be allowed in past cases.

 

(Government of India MOD No. 01(05)/20100-D (pen/pol) dated 17.01.2013)

 

Source: http://aipnbsf.org/view-news

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Transfer of female employees in Public Sector Banks- Minimizing their hardship

Transfer of female employees in Public Sector Banks- Minimizing their hardship

F.No.4/9/1/2014-IR
Government of India
Ministry of Finance
Department of Financial Services

Jeevan Deep, IIIrd Floor,
Parliament Street, New Delhi
Dated the August 8, 2014

To
Chairman, SBI/CMDs of all Public Sector Banks including IDBI and SBI Associates

Subject: Transfer of female employees in Public Sector Banks – Minimizing their hardship

Sir,
It has been brought to the notice of this Department that female employees of Public Sector Banks (PSBs), married or unmarried, when placed/transferred away from their husbands or parents, as the case may be, to distant locations face a genuine hardship and develop a feeling of insecurity. Keeping this in view, it has been decided:

i) To accommodate as far as possible placement/transfer of married female employee, on her request, at a place where her husband is stationed or as near as possible to that place or vice versa; and

ii) To accommodate as far as possible placement/transfer of unmarried female employee, on her request, at a place where her parents, are stationed or as near as possible to that place. PSBs are, therefore, advised to frame a policy on the subject with the approval of their Board suitably incorporating the above and take immediate action for implementation and compliance. Pending requests may also be considered under these guidelines. A line of confirmation may be sent to this Department immediately after adoption of the policy by the Board of the Bank.

This issues with the approval of Secretary (Financial Services).

Yours faithfully,
Sd/-
(Manish Kumar)
Under Secretary to the Government of India

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Enforce ‘One Rank One Pension’, Say Ex-Servicemen

Enforce ‘One Rank One Pension’, Say Ex-Servicemen
KOCHI: Their demand for ‘One Rank One Pension’ started in 1983. Even after 30 years, the plea of ex-servicemen, the first to raise such a demand, is falling on deaf ears, when the judges, MPs, MLAs, bureaucrats and many others receive pensions based on their rank.

The former UPA Government has thrice earmarked fund in its budget for ‘One Rank One Pension’ scheme. But the ex-servicemen, who once served the country, are yet to get their due. Left with no other alternative, ex-servicemen across the country have decided to go for hunger strike on Wednesday.

“After the sixth Pay Commission in 2006, the Army personnel who retired a day before it and after it with the same rank get a pension with wide gap. Those who retire early gets a considerably lower pension than those who retire recently. It has been 30 years, since we had requested them to bridge the gap,” said Pratapan, secretary, National Ex-servicemen Co-ordination Committee, Ernakulam.
Many committees constituted to study the subject were also in their favour of the ex-servicemen. In 2009, the UPA government allocated Rs 2,144 crores in the budget for the scheme. In 2012, they allocated Rs 2,300 and finally in 2014, the Central Government set aside Rs 500 crore. The then Defence Minister A K Antony said the ‘One rank one pension’ scheme would be implemented from April 1, 2014.

The K M Chandrashekar committee also submitted a report in favour of ex-service men. “But the officials conveniently brushed aside the directive by the then Defence Minister aside. The officials of the Ex-servicemen Welfare Department at Delhi is throttling every efforts taken in this regard,” he said. The Modi Government has now allotted Rs 1,500 crore for it. But various other committees state that it needs around Rs 3500 to implement the scheme.

Source: http://www.newindianexpress.com

Be the first to comment - What do you think?  Posted by admin - September 17, 2014 at 11:04 am

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Pradhan Mantri Jan Dhan Yojana (PMJDY): Facilities to be extended to the Existing Account Holders as Well

Pradhan Mantri Jan Dhan Yojana (PMJDY): Facilities to be extended to the Existing Account Holders as Well

Press Information Bureau

Government of India
Ministry of Finance

16-September-2014 19:08 IST

Facilities Available to Account Holders Under Pradhan Mantri Jan Dhan Yojana (PMJDY) to be Extended to the Existing Account Holders as Well

The Government has decided that the following facilities available to those account holders who have opened their accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) would also be extended to the existing account holders subject to submission of an application by the account holder(s) to the concerned bank branch:

(i) For issuance of RuPay Debit card having inbuilt accident insurance cover of Rs.1 lakh;

(ii) For issuance of an overdraft facility of Rs.5000 after satisfactory operations in the account for some time.

The plan (PMJDY) inter-alia, envisages Universal access to banking facilities under which all the six lakh villages across the entire country would be mapped, organised into Sub Service Areas (SSAs) of 1000-1500 households and allocated to the Banks to provide at least one fixed point Banking outlet in form of either a branch or a Business Correspondent (who is named as Bank Mitra). The other components of the plan are providing at least one Basic Banking Account to each household with RuPay Debit card having inbuilt accident insurance cover of Rs. 1 lakh; an overdraft facility of Rs.5000 after satisfactory operations in the account for six months. Further, an additional life insurance cover of Rs. 30,000/- is also available to accounts opened up to 26th January, 2015, for which detailed modalities are being worked-out.

The Government has asked the banks to extend overdraft facility of Rs.5,000 as above to only one member, preferably lady of a house-hold.

Source: PIB

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Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2013-14 – Finance Ministry Orders

Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2013-14 – Finance Ministry Orders

No.7/24/2007/E III (A)
Government of India
Ministry of Finance
Department of Expenditure
E III (A) Branch

New Delhi, the 16th September, 2014

OFFICE MEMORANDUM

 Subject :- Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2013-14.

The undersigned is directed to convey the sanction of the President to the grant of Non-Productivity Linked Bonus (Ad-hoc Bonus) equivalent to 30 days emoluments for the accounting year 2013-14 to the Central Government employees in Groups ‘C’ and ‘D’ and all non-gazetted employees in Group ‘B’, who are not covered by any Productivity Linked Bonus Scheme. The calculation ceiling for payment of ad-hoc Bonus under these orders shall continue to be monthly emoluments of Rs. 3500/-, as hitherto. The payment of ad-hoc Bonus under these orders will also be admissible to the eligible employees of Central Para Military Forces and Armed Forces. The orders will be deemed to be extended to the employees of Union Territory Administration which follow the Central Government pattern of emoluments and are not covered by any other bonus or ex-gratia scheme.

 

2. The benefit will be admissible subject to the following terms and conditions:

 

(i) Only those employees who were in service as on 31.3.2014 and have rendered at least six months of continuous service during the year 2013-14 wIll be eligible for payment under these orders. Prorata payment will be admissible to the eligible employees for period of continuous service during the year from six months to a full year, the eligibility period being taken in terms of number of months of service (rounded off to the nearest number of months).
(ii) The quantum of Non-PLB (ad-hoc bonus) will be worked out on the basis of average emoluments/calculation ceiling whichever is lower. To calculate Non-PLB (Ad-hoc bonus) for one day, the average emoluments In a year will be divided by 30.4 (average number of days in a month). This will there after be multiplied by the number of days of bonus granted To illustrate, taking the calculation ceiling of monthly emoluments of Rs. 3500 (where actual average emoluments exceed Rs. 3500), Non.PLB (Ad-hoc Bonus) for thirty days would work out to Rs. 3500×30/304=Rs.3453.95 (rounded off to Rs.3454/-).
(iii) The casual labour who have worked in offices following a 6 days week for at least 240 days for each year for 3 years or more (206 days in each year for 3 years or more in the case of offices observing 5 days week), will be eligible for this Non-PLB (Ad-hoc Bonus) Payment. The amount of Non-PLB (ad-hoc bonus) payable will be (Rs.1200×30/30.4 i.e.Rs.1184.21 (rounded off to Rs.1184/-). In cases where the actual emoluments fall below Rs.1200/- p.m., the amount will be calculated on actual monthly emoluments.
(iv) All payments under these orders will be rounded off to the nearest rupee.
(v) The clarificatory orders issued vide this Ministry’s OM No.F.14 (10)—E. Coord/88 dated 4.10.1988, as amended from time to time, would hold good.

 

3. The expenditure on this account will be debitable to the respective Heads to which the pay and allowances of these employees are debited.

 

4. The expenditure incurred on account of Non-PLB (Ad-hoc Bonus) is to be met from within the sanctioned budget provision of concerned Ministries/Departments for the current year.

 

5. In so far as the persons serving in the Indian Audit and Accounts Department are concerned, these orders are issued in consultation with the ComroIler and Auditor General of India.

sd/-
(Amar Nath Singh)
Deputy Secretary to the Govt. of India

Source: www.finmin.nic.in
[http://finmin.nic.in/the_ministry/dept_expenditure/notification/bonus/bonus2014.pdf]

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