Don't keep mum on the question of your salary.

Dear colleagues,
Most of our fellow bankers, who are working day and night have not kept track of the erosion in their salary structure over the past several years/decades. This is high time that we rethink that the Pillai Commission Recommendations,1979, which had brought down salaries of bankers to keep parity with the officers and employees of central government. Now the time has come to seek restoration of the same parity .The awareness is required to be spread among our fellow bankers across the country.
We are bringing to your attention the concerns of a banker about the plight of our colleagues , who kept on working for the banks leaving their faith in their leaders for salary and other issues.But , his feelings of erosion in his real salary vis-à-vis his counterparts in the government over the years and the causes for the same reproduced here, raises serious concerns on the sincerity of the people involved in various salary revision under the government owned banks:


PUBLISHED IN THE BLOG PAY COMMISSION

BALAN said...
TO THE LEADERSHIP OF AIBEA/BEFI/AIBOC
I am a retired bank officer under vrs 2001 scheme opted for pension. I served for Indian bank for 25 years.
I joined as a clerk in the year 1976, after serving as a lecturer . At that time the starting salary for clerk is more than that of a college lecturer. Since this was un acceptable to the govt bosses, Pillai committee was implemented forcefully on the bank officers during 1979.
Under the stewardship of late Rajiv Gandhi as prime minister things started moving in favour of central govt employees and liberal pay commission award was given wef 1986 in the year 1989. Disparity started at that level. Much more magnanimous awards under the guise of VTH pay commission an increase of 30% increase of nearly 40 % even much more at the top scales were given during the election year by the same finance minister as VI TH pay commisssion As a result the cabinet secretary s basic pay has gone up from 4000 during 1977to 90000 after sixth pay commissions. Public sector employees / officers salary levels were also raised. THEN UGC SCALES, JUDGES SALARY, ONE RANK ONE POST. EVERYWHERE THE GOVT IS MUCH MORE LIBERAL.So during the last two years EACH AND EVERY SECTOR CONTROLLED/patronized by the govt got substantial pay increase without any negotiation. That clearly shows that the awards are more generous than bipartite negotiations .
It is unfortunate that the proposal of IBA for a meager 17.5 % increase was rejected under the stewardship of Mr. Pranab mukergee who is emanating from west Bengal. So all the top leaders can fix an urgent meeting with our FM with all facts and figures particularly the PILLAI COMMITTEE rationalization and the successive wage erosion not revision when compared the pay commission awards. The extra load /per capita business /productivity etc particularly after vrs 2001 where the extra work load also was absorbed.
If we are going to accept the 15% or 17.5% increase then this mistake will never get rectified in the future wage revision.
Hence the unions can propose the following :
1. grant of interim relief @ 20% from 01nov2007 on basic and DA
2. Seeking an appointment of banking pay commission with a fixed time frame of one year to award recommendations with suitable terms of reference including the risk factors, work load responsibilities.
3. This revision can be syncronised with the seventh pay commission date say 1 st january2016. A total of 8 years wil come. Hence from 01 january 2016, the govt will automatically will appoint the next banking pay commission . We need not go and beg IBA WITH A BOWL . ALL officers and employees will get decent increase in the salary without any strike.
4. The genuine policies of the Govt like consolidation on a small scale if it is good for the industry and selected out sourcing to reduce overall wage burden has to be considered on merit basis by taking an over all view.
5. Pension option to all the past retirees and one more option for pension also to be taken immediately and it has to be settled prior to wage revision without considering the same as load. If all the employees had opted for pension earlier this load factor would not have come now.
6. Pension also should be revised on line with central govt awards and no compromise should be made on this.
Kbalasubramanian retited senior manager under VRS 2001 scheme Indian bank