11th Bipartite Settlement Latest Update – Core Committee Meeting (Workmen) held on 28 November 2019 – As decided during Main Negotiations Committee Meeting held on 15 Nov, ’19, Core Committee (Workmen) Meeting was held today at IBA Office, Cuffe Parade, Mumbai.

11th BPS Wage Negotiations - Revision updates
11th BPS Wage Negotiations – Revision updates

11th Bipartite Settlement Meeting Updates – Discussions

    • Adoption of New Series of C. P. Index for D. A. calculation and formula for DA calculation to be decided during the next Main Negotiating Committee Meeting.
    • Union demand for PL accumulation upto 300 days & it’s encashment on retirement to be put before Main Committee.
    • For Adoption of Child upto 1 yr ML agreed with certain conditions.
    • Sabbatical Leave to all employees. The matter is left to individual banks.
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  • LFC : There will be improvement in distance permitted to Sub Staff.
  • LFC : For Workmen employees travel by own car permitted. At par with provision for officers.
  • LFC : with package tour not permitted.
  • Outsourcing : From the earlier clause ” as per RBI guidelines to be done for non core activities.” It is agreed to remove words as per RBI guidelines.
  • OT : For simplified & improved method note is submitted by Unions. To be discussed further.
  • Punishment : For gross misconduct, fine as punishment may be removed.
  • Ex Servicemen : Only the guidelines issued by “Dept of Financial Services” of Govt of India to be followed uniformly.
  • Unions wanted time gap between Business hours and Working hours should be 2 hours instead of present 1 hour. This demand was rejected outright by the IBA.
  • Whatever is accepted is subject to final approval at Main Committee level.
  • Negotiations may take decisive turn during next meeting on 3 Dec, 2019.
Also Read ►   11th BPS – Discussion on Wage Revision with IBA | 17 Sept 2019

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