Fixation of Pay to Ex-Servicemen Re-employed
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|2226 0685 (G.S.)||
NATIONAL CONFEDERATION OF BANK EMPLOYEES
|All letters to be addressed
to the General Secretary
“AJIT SEN BHAWAN”
|We reproduce below the text of Letter No.NCBE/IBA/04 dated the 11th April 2011 issued by Shri M.V.Murali, General Secretary, National Confederation of Bank Employees to the Officer-on-Special Duty, Indian Banks’ Association for information of our affiliates/members.
With warm greetings,
|TEXT OF LETTER NO.NCBE/IBA/04 DATED 11.04.2011
Shri M. Venugopalan,
Indian Banks’ Association,
FIXATION OF PAY TO EX-SERVICEMEN RE-EMPLOYED
IN THE BANKS ON OR AFTER 01.01.2006
With reference to your letter No.HR&IR/MV/76/589/1822 dated 15th November 2010 addressed to all Public Sector Banks on the captioned subject, we have to inform as under :
(i) It is advised that the fitment of salary to the ex-servicemen re-employed in the Bank on or after 01.01.2006 shall be accorded based on the guidelines contained in Chapter V of the Compendium of Government guidelines published in December 2000.
(ii) It was also advised that the components of salary mentioned in the above guidelines only needs to be protected while according such fitment.
(iii)As per the recommendations of 6th Pay Commission, the salary and allowances of all those in Armed Forces were revised with effect from 01.01.2006 that includes a change in salary structure with the introduction of Grade Pay and Group ‘X’ Pay.
(iv) We under stand from our affiliates that even though it was clearly defined in the 6th Pay Commission Recommendations that “Basic Pay” in the revised pay structure means the sum of pay drawn in the Pay Band, Group ‘X’ Pay (where applicable) and Grade Pay corresponding to the Bank, but does not include any other type of pay like ‘Special Pay’, in the absence of clear instructions, the management of banks are taking into account Basic Pay alone for fitment of salary ignoring Grade Pay and Group ‘X’ Pay which are part of the ‘Pay’.
Hence, we request you to clarify the matter to all the Public Sector Banks and ensure inclusion of Grade Pay and Group ‘X’ Pay alongwith Pay Band while computing fitment of salary to all the ex-servicemen employees re-employed in Public Sector Banks on or after 01.01.2006.