Bank employees may come under 7th Pay Commission

Bank staff may come under government pay panel: Hindustan Times

Even after several rounds of talks between bank employee unions and the Indian Banks Association (IBA), there seems to be no consensus on the quantum of salary hike for over 800,000 employees at different public sector lenders.

While the IBA has indicated that the maximum hike that can be offered to employees is about 11%, unions are demanding a 25% raise.

With the stalemate still continuing, sources said a proposal could also be considered to bring them under the purview of the Seventh Pay Commission, which has already been constituted. A large section of bank employees are, however, unwilling to do the same.

“There needs to be an end to the stalemate and this is an option that has also come up,” an official source who refused to be identified said.

IBA chairman, TM Bhasin, however, told HT that there was no proposal to bring bank employees under the purview of the pay commission. “IBA has no such consideration and no proposal has come to the IBA,” he said.

“There have been some reports of bringing the bank employees under the purview of the pay commission but we are completely opposed to such a move,” said CH Venkatachalam, general secretary, All India Bank Employees Association.

The salary revision of bank employees is due since November 2012.

Unions meanwhile have threatened to go on a strike on November 12. There could even be an indefinite strike thereafter if the issue is not addressed, union representatives said.

A senior bank executive said the issue of wage settlement would have to be sorted at the earliest and the finance ministry could intervene to ensure that the deadlock comes to an end.

“At a time, when the Pradhan Mantri Jan Dhan Yojana is underway and targets have to be met, there is little scope to lose time,” he said.

Read more : http://www.hindustantimes.com

#7th CPC News, #7th Pay Commission News, #Bank Employees News, #Bank Staff News, #Wage Revision, #7th Central Pay Commission, #Bipartite Wage Revision, #Wage Revision, 7th CPC

7th Pay Commission invites more staff on deputation basis

7th Pay Commission invites more staff on deputation basis


Ministry of Finance issued orders on the subject of Staff Mobilisation today on its portal that 13 more officials are required to 7th Central Pay Commission on deputation basis.

Filling up of balance vacancies of Under Secretary/ Section Officer/ Assistant/ UDC/ Cashier on deputation basis in the Seventh Central Pay Commission

Under Secretary (PB-3 GP Rs.6600) – 6 Posts
Section Officer (PB-2 GP Rs.5400) – 5 Posts
Assistant (PB-2 GP Rs.4600) – 1 Post
UDC (PB-1 GP Rs.2400) – 1 Post

These posts will be filled up only on deputation basis. The details of qualifications and experience required for the posts are given in the order.

Click to view the complete order…

Estimated 7th Pay Commission pay scales as on 01.01.2016

Estimated 7th Pay Commission pay scales as on 01.01.2016

Even as the 7th Pay Commission was constituted recently by Government for revision of Pay and allowances of Central Government Employees, Railway Employees and Defence Personnels, wide spread speculations on projected 7th Pay Commission pay scales are already going on. Blogs that provide Central Government Employees news and information have already started estimating possible 7th CPC pay scales based on different ideas.

GConnect.in was the first site that launched 6th Pay Commission Pay, Pension and arrears Calculator which received atmost popularity among Central Government Employees and CG Pensioners.

In respect of revised Pay and allowances of 7th Pay Commission also GConnect would come up with similar pay and pension calculators.

As a precursor, we thought of estimating 7th Pay Commission pay bands and grade pays based on the same methods adopted by Govt for determining 6th CPC revised pay Scales from the pre-revised (5th CPC) pay scales

Before estimation of 7th CPC Pay Scales let us have a look at the 6th CPC Pay Bands and Grade Pay Structure

6th CPC revised Pay Band, Grade Pay, Starting Pay in PB and Entry Pay

Pre RevisedPay Scale	PB	6 CPCPay Band	GradePay	StartingPay	Entry PayNew Recruits
S-1, S-2	PB-1	5200-20200	1800	5200	7000
S-3	PB-1	5200-20200	1800	5360
S4	PB-1	5200-20200	1800	5530
S-5	PB-1	5200-20200	1900	5880	7730
S-6	PB-1	5200-20200	2000	6060	8460
S-7	PB-1	5200-20200	2400	7440	9910
S-8	PB-1	5200-20200	2800	8370	11360
S-9	PB-2	9300-34800	4200	9300	13500
S-10	PB-2	9300-34800	4200	10230
S-11	PB-2	9300-34800	4200	12090
S-12	PB-2	9300-34800	4200	12090
S-13	PB-2	9300-34800	4600	13860	17140
S-14	PB-2	9300-34800	4800	13950	18150
S-15	PB-2	9300-34800	5400	14880
New	PB-3	15600-39100	5400	15600	21000
S-16	PB-3	15600-39100	5400	16740
S-17	PB-3	15600-39100	5400	16740
S-18	PB-3	15600-39100	6600	19210	25350
S-19	PB-3	15600-39100	6600	18600
S-20	PB-3	15600-39100	6600	19810
S-21	PB-3	15600-39100	7600	22320	29500
S-22	PB-3	15600-39100	7600	23720
S-23	PB-3	15600-39100	7600	22320
S-24	PB-4	37400-67000	8700	37400	46100
S-25	PB-4	37400-67000	8700	39690
S-26	PB-4	37400-67000	8900	39690	49100
S-27	PB-4	37400-67000	8900	39690
S-28	PB-4	37400-67000	10000	37400	53000
S-29	PB-4	37400-67000	10000	44700
S-30	PB-4	37400-67000	12000	51850	59100
S-31	HAG	75500-80000	75500		–
S-32	HAG	75500-80000	75500		–
S-33	Apex	80000 (fixed)	–		–
S-34	Apex	90000 (fixed)	–		–

Multiplication Factor of 1.86 adopted to for revision of Pay on implementation of 6th CPC :

While implementing 6th Pay Commission Government decided to adopt a multiplication factor of 1.86 for most of the pre-revised pay Scales to determine the revised pay in band of an employee

The 6th CPC revised pay in pay band of an employee was determined by multiplying the pre-revised basic pay drawn as on 01.01.2006 with 1.86 ( Of course, some of the pre-revised pay scales at higher level was revised by multiplying a factor more than 1.86).

This multiplying factor 1.86 was arrived at by taking in to account following components of pre-revised pay received by an employee prior to 01.01.2006.

Component	Multifplication Factor
Component A – Pre-revised Basic Pay	1
Component B – Dearness Pay (50% of pre-revised Basic Pay)	0.50
Component C – 24% Dearness Allowance on pre-revised basic pay and D.P prior to 01.01.2006	0.36 (24% on factors 1+0.5 taken for B.P and D.P)
Total Multiplication Factor	1.86

Estimation of Multiplication Factor to determine 7th Pay Commission revised Pay Scales and initial pay in pay band for each pay band :

By Adopting the same method followed by the Government to decide 6th CPC multiplication factor, the following Multiplication Factor has been arrived at for determing 7th Pay Commission revised Pay Scales and initial pay in pay band for each pay band as on 01.01.2016

Component	Multiplication Factor
Component A and B – Pay in pay band and Grade Pay as on 01.01.2016	1
Component C – 124 % Dearness Allowance on Pay in pay band and Grade Pay (** See the Note Below)	1.24
Total Multiplication Factor	2.24

** Note : DA as on 1st January 2014 is 100%. So DA as on 1st January 2016 has been conservatively estimated to be 124 % (6% increase for each 6 months period)

Estimation of 7th Pay Commission Grade Pay Structure

As we all know, there was no uniform correlation between Grade Pay and Pay in Pay band in the 6th CPC Pay Band Structure. So the ratio between the present grade pay and starting pay in the pay band of particular grade pay group was taken as the factor to estimate the 7th CPC grade pay.

For example Ratio of 6th CPC Grade pay of Rs. 8700 to starting pay (Rs.37400) in that grade pay group is 0.2327. This factor is multiplied with 7th CPC starting pay (Rs.83780) to get the equivalent 7th CPC grade pay of Rs.19500. Wherever this factor exceeded 0.35, the same was fixed as 0.35.

7th Pay Commission projected Pay Scale – Revised Pay Bands, Grade Pay, Starting Pay in PB and Entry Pay

Pre Revised Pay Scale	PB	6 CPC Pay bands	Grade Pay	7th CPC Pay Band	7th CPC Grade Pay	@ Starting Pay	@@ Entry Pay
S-1, S-2,	1	5200-20200	1800	11650-45250	4100	11650	15680
S-3	1	5200-20200	1800	11650-45250	4100	12010
S4	1	5200-20200	1800	11650-45250	4100	12390
S-5	1	5200-20200	1900	11650-45250	4300	13180	17320
S-6	1	5200-20200	2000	11650-45250	4500	13580	18960
S-7	1	5200-20200	2400	11650-45250	5900	16670	22200
S-8	1	5200-20200	2800	11650-45250	6100	18750	25500
S-9	2	9300-34800	4200	20840-77960	7300	20840	30240
S-10	2	9300-34800	4200	20840-77960	7300	22920
S-11	2	9300-34800	4200	20840-77960	7300	27090
S-12	2	9300-34800	4200	20840-77960	7300	27090	30240
S-13	2	9300-34800	4600	20840-77960	10400	31050	38400
S-14	2	9300-34800	4800	20840-77960	10400	31250	40700
S-15	2	9300-34800	5400	20840-77960	10800	33340
New	3	15600-39100	5400	34950-87590	10800	34950	47040
S-16	3	15600-39100	5400	34950-87590	10800	37500
S-17	3	15600-39100	5400	34950-87590	10800	37500
S-18	3	15600-39100	6600	34950-87590	14800	43040	56800
S-19	3	15600-39100	6600	34950-87590	14800	41670
S-20	3	15600-39100	6600	34950-87590	14800	44380
S-21	3	15600-39100	7600	34950-87590	17100	50000	66080
S-22	3	15600-39100	7600	34950-87590	17100	53140
S-23	3	15600-39100	7600	34950-87590	17500	50000
S-24	4	37400-67000	8700	83780-150080	19500	83780	103270
S-25	4	37400-67000	8700	83780-150080	19500	88910
S-26	4	37400-67000	8900	83780-150080	20000	88910	109990
S-27	4	37400-67000	8900	83780-150080	20000	88910
S-28	4	37400-67000	10000	83780-150080	22500	83780	118720
S-29	4	37400-67000	10000	83780-150080	22500	100130
S-30	4	37400-67000	12000	83780-150080	26900	116150	132390

@ Starting Pay is the 7th CPC starting pay in a pay band against a pre-revised Scale

@@ Entry Pay is the pay in pay band applicable to New Recruits.

The above table provides an idea on estimated 7th CPC Pay Band, Grade Pay and starting pay for each grade pay group. We have planned to launch an online tool to estimate 7th CPC pay in pay band and grade for a given 6th CPC pay in pay Band and grade pay. It will be released soon. Keep watching this site for this online tool.

Disclaimer: The above 7th CPC projected Pay bands, grade pay and starting pay are merely an estimation. The Actual 7th Pay Commission Pay Band, Grade Pay etc will be known only after implements the 7th Pay Commission’s recommendations. The pay structure given above may totally change based on various factors taken in to account by 7th Pay Commission to review the pay and allowances of Central Government Employees, Railway Employees and Defence personnels.

The following Government Orders relating to implementation of 6th Pay commission report have been referred to for the estimation of above mentioned 7th pay commission projected pay bands

Source-http://www.gconnect.in/orders-in-brief/7thcpc/estimated-7th-pay-commission-pay-scales-01-01-2016.html