Bank Employees Pension Hike: There is great news for government bank employees and pensioners. Actually, the government has agreed to the wage settlement to increase the salary of bank employees. Let us know in detail in the news below how much will be the increase in salary.
There is a good news for the employees of public sector banks. A wage settlement has been agreed with the Indian Banks Association (IBA) and unions to increase the salaries of public sector bank employees. The Indian Banks Association (IBA) and other unions have agreed to a 17 percent wage increase for five years. This salary increase was pending from November 1, 2022 and an MOU was also signed for it.
The decision of 17 percent salary increase will be implemented
According to the salary agreement, the decision of 17 percent salary increase will be implemented from November 1, 2022. Under this, there will be benefit of three percent loading on Basic and DA. Along with pension revision, the rule of five days working will also be applicable. After the agreement, this matter has now reached the Finance Ministry.
AIBOC tweeted this information
All India Bank Officers Confederation has informed in the post on X that Comrade Balachandra PM (President) has signed the agreement on behalf of AIBOC. Any remaining issues will be discussed again before finalizing the joint note. It also said that although the amount distributed does not meet their initial expectations, there is a good news for the pensioners as now after waiting for a long time, they will get the benefit of ‘ex-gratia’ amount i.e. pension will be revised.
AIBOC expressed happiness over the agreement
After the agreement with IBA regarding 17 percent increase in salary, pension revision has also been agreed upon. However, the matter is still stuck on the demand for Saturday holiday and the note has not been signed. AIBOC has said that despite the salary percentage and weightage being less than expected, it is a matter of happiness for 8.50 lakh bank employees of the country.
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