Eleventh Bipartite Settlement – Pay Scales to be Demanded
We are all aware that the Department of
Financial Services, Ministry of Finance has set the ball rolling for
commencement of 11th BPS and they have issued a notification to all
the banks that are part of the process, advising them to complete the whole
process well before the due date i.e. 1st November, 2017.
So, I have now been tempted to initiate
the process, by making these suggestions.
Before proceeding further, we
must remember that the implementation of new pay scales for central government
employees under 7th CPC is already under way. Their new pay scales are expected to be
implemented with effect from 1st January, 2016.
Their new basic pay is
expected to vary from 2.57 to 2.78 times their present pay.
Even at the pre-revised level
(i.e. 6th CPC level), their Basic Pay is higher than the revised
Basic Pay of the bank staff, after 10th BPS.
Alright, let us now proceed to arrive at
the new Basic Pay to be fixed in 11th BPS.
Assumptions:
- The average All India
Consumer Price Index for Industrial workers (Base: 1960=100) is expected
to be at 6777 for the quarter ending 30th September, 2017 (assuming that the annual inflation
will be 6% for the next 2 years).
- Accordingly, the DA as
on 31-10-2017 on the exiting basic pay will be at 58.40%.
- Unlike last time, it is
expected that the full amount of D.A. outstanding as on 31.10.2017 will be
merged, as is being done in the case
of Central Government Employees.
- So, the whole D.A. at 58.40%
will be merged with the existing basic pay, at the time of next wage
revision.
- Then, the Special
Allowance with applicable D.A. thereon
(introduced in 10th BPS) is also to be merged with the existing
basic pay.
- Then, on this amount, an increase of 40%
(additional load factor) is
given and fixed as the revised Basic Pay. It is then rounded off to the
next higher 100.
Now,
let us see how much it translates to, so as to arrive at the revised Basic Pay
for each staff, depending on his cadre/grade.
Variation occurs here, only because of the difference in the rates of
Special Allowance fixed for officers in different grades and scales.
(Amount in Rupees)
S No
|
Components of Revised Basic Pay
|
Sub-staff to Officer MMGS III
|
Officer SMGS IV & SMGS V
|
Officer TEGS VI & TEGS VII
|
1
|
Present Basic Pay (Notional)
|
100.00
|
100.00
|
100.00
|
2
|
Special Allowance as per 10th
BPS (excluding D.A. thereon)
|
7.75
|
10.00
|
11.00
|
3
|
Total of (1) and (2) above
|
107.75
|
110.00
|
111.00
|
4
|
D.A. as on 31.10.2017 (Projected) calculated on (3) above
|
62.93
|
64.24
|
64.82
|
5
|
Total of (3) and (4) above
|
170.68
|
174.24
|
175.82
|
6
|
Revised Basic Pay, after
adding 40% additional load on (5) above
|
238.95
|
243.94
|
246.15
|
S No
|
Rank/Grade
|
Existing Basic Pay (Rupees)
|
Revised Basic Pay (Rupees)
|
Annual Increment –
New (Rupees)
|
||
Starting
|
Closing
|
Starting
|
Closing
|
|
||
1
|
Sub-staff
|
9560
|
18545
|
24000
|
44200
|
900/8 - 1100/8 - 1400/3
|
2
|
Clerk
|
11765
|
31540
|
30000
|
68900
|
1500/3 –
1900/8 – 2400/8
|
3
|
Officer – JMGS I
|
23700
|
42020
|
57000
|
104100
|
2400/7 – 2900/2 – 3500/7
|
4
|
Officer – MMGS II
|
31705
|
45950
|
73800
|
111100
|
2900/2 –
3500/9
|
5
|
Officer – MMGS III
|
42020
|
51490
|
97100
|
123000
|
3500/5 -
4200/2
|
6
|
Officer – SMGS IV
|
50030
|
59170
|
114600
|
141400
|
4200/4 -
5000/2
|
7
|
Officer – SMGS V
|
59170
|
66070
|
131400
|
153400
|
5000/2 –
6000/2
|
8
|
Top Executive – TEG VI
|
68680
|
76520
|
159400
|
185800
|
6000/2 –
7200/2
|
9
|
Top Executive – TEG VII
|
76520
|
85000
|
185800
|
217000
|
7200/2 –
8400/2
|
Note:
1.
The
new Basic Pay is arrived, by multiplying the present Basic Pay by the factor as
stated above.
2.
Then,
the new basic pay so arrived at is raised to the next higher 100 Rupees.
3.
This
figure will be the new Basic Pay.
4.
The
Basic Pay mentioned above is exclusive of the Stagnation
Increments, wherever applicable.
5.
Amount
of new increment is slightly lower than 4% of the revised Basic Pay at each
stage.
6.
It must be noted that even the revised Basic Pay at this level is
far below the proposed Basic Pay of the Central Government staff, as per 7th
CPC.
7.
Since
the entire D.A. outstanding as on 31.10.2017 is to be merged with the existing
Basic Pay, the new D.A. as on 01.11.2017 will be ‘Nil’.
8.
Therefore,
we are fully justified in demanding the revised Basic Pay at this level and we
need not feel guilty that our demand may sound unreasonable, impractical and
excessive.
9.
Unless
we convince ourselves regarding the justification in our demands, we cannot go
the bargaining table with total confidence.
This we must remember.
Some Important Points
- Already we are far
behind the central government employees in pay and perks and if we fail to
bridge the gap between them and us at the time of 11th BPS, the
gap will keep on widening further and further, with each wage revision.
- Already the bank jobs
have lost their charm, for the highly qualified and meritorious candidates
and the attrition rate is also very high as compared to any other sector
or industry.
- Moreover, we must
remember that nearly 40% of the existing staff in the banking industry retire
in the normal course (on attaining the age of superannuation), in the next
4 years. The exodus will be like a deluge between 2018 and 2020.
- With the recruitment not
taking place at the desired levels, the staff position will only
deteriorate, with the indiscriminate branch expansion by all banks in
general and public sector banks in particular. With the introduction of new products
every now and then, the situation will turn precarious.
- Therefore, unless we
make the bank job a more lucrative and interesting profession, banks
especially in the public sector cannot attract good talent and retain it.
- If the revised basic
pay is not at the level projected hereinabove, it will only reflect upon our
weak bargaining power and the inability of our union leaders to feel the
pulse of the staff especially those in the public sector banks.
- If we cannot achieve revision as
projected here, we must demand CPC scales or a separate Banking Pay Commission.
For that to happen, disbanding of UFBU is a sine qua non.
Date: 14-01-2016 pannvalan
3 comments:
Why basic pay of officer starting after clerks pay ie after Rs 68,900/- as in central pay commissions.
Why basic pay of officer starting after clerks pay ie after Rs 68,900/- as in central pay commissions.
Why basic pay of officer not starting after clerks pay ie after Rs 68,900/- as in central pay commissions.
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