*NOINO WAGE REVISION INFORMATION*
*Some points about the proposal sent by management to DFS*
15.3.24
NOINO & all other unions strongly insisted on knowing the proposal sent to DFS. After that MD said that the salient points of the proposal were:-
17% wage rise
NPS management contribution to be raised from 10 to 14%.
Loading factor will be far better than the banks.
One time Exgratia compensation for pensioners. Details not specified.
NOINO & all other unions rejected the 17% offer. *NOINO asked the management to send a revised proposal to DFS based on our suggestions which would contain a better wage rise.*
Management has agreed to examine our demands.
*Y N MURTHY*
GS NOINO
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