1. Out of 15% agreed increase in salaries, only 2% was allocated to Basic Pay.
2. A new hybrid allowance called ‘Special Allowance’ of 7.75% to 11% was introduced. But, it will rank only for D.A. and not anything else. This was the big game spoiler. This the first step of the fraud.
3. D.A. was merged at 4440 points, instead of 4876 points. This resulted in a lower Basic Pay, with the loss being 16.35%. This is the second step of the fraud.
4. Due to merger of D.A. at a lower level and the fixing of additional load at 2%, which was never heard of in the history of any wage revision, in any industry in the past, the revised Basic Pay took a huge hit. This was the last straw on the camel’s back.
5. Thus, a huge fraud was committed in the new Basic Pay.
6. It heavily impacted the new DA, HRA, CCA and Gross Salary.
7. In view of the poor increase in Basic Pay, revised pension came down, as against the present figure.
8. Furthermore, other superannuation benefits like Gratuity, PF, Leave Encashment and Commutation of pension, also got reduced drastically.
9. In fact, this terribly disappointing pay revision is going to severely affect the revised pay scales, at the time of every wage revision in future.
10. Thus, the grave mistakes committed in 10th BPS will perpetually affect the interests of all bank staff – regardless of one’s cadre/grade – leaving no room for making any amends in the near future.
2. A new hybrid allowance called ‘Special Allowance’ of 7.75% to 11% was introduced. But, it will rank only for D.A. and not anything else. This was the big game spoiler. This the first step of the fraud.
3. D.A. was merged at 4440 points, instead of 4876 points. This resulted in a lower Basic Pay, with the loss being 16.35%. This is the second step of the fraud.
4. Due to merger of D.A. at a lower level and the fixing of additional load at 2%, which was never heard of in the history of any wage revision, in any industry in the past, the revised Basic Pay took a huge hit. This was the last straw on the camel’s back.
5. Thus, a huge fraud was committed in the new Basic Pay.
6. It heavily impacted the new DA, HRA, CCA and Gross Salary.
7. In view of the poor increase in Basic Pay, revised pension came down, as against the present figure.
8. Furthermore, other superannuation benefits like Gratuity, PF, Leave Encashment and Commutation of pension, also got reduced drastically.
9. In fact, this terribly disappointing pay revision is going to severely affect the revised pay scales, at the time of every wage revision in future.
10. Thus, the grave mistakes committed in 10th BPS will perpetually affect the interests of all bank staff – regardless of one’s cadre/grade – leaving no room for making any amends in the near future.
Only God can save the bank staff!
pannvalan
