Today (29.02.2020) negotiations for 11th BPS started at 11.30 am at IBA Office Mumbai. Negotiations committee chairman first offers to start negotiations with an appeal to UFBU for withdrawal of three days strike call given by them. UFBU on their part clear their stand by reminding their 12points demand. After a lot of discussions, the following points emerged today:
* Offer on payslip cost increased to 15%
* UFBU demand on 5 days banking will be taken forward by further discussions.
* UFBU demand for loading more than 2% will be considered by a joint committee and UFBU.
* Improvement in family pension-matter recommended to the government will be expedited
* On updation, IBA agreed that some improvement in Pension would be worked out for the retirees of earlier settlements
period by working out the cost.
* Revised offer on PLI was given at 1.37%, 2.74%, and 4.11%
IBA agreed to discuss all other issues through further discussions. In view of these positive developments, the constituents of UFBU have decided to defer all their agitational programmes including the ensuing 3 days strike from 11th March 2020. s
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