(Text of the Circular
issued by All India State Bank Officers? Federation)
We are happy to inform all our
comrades throughout the country that the long waiting in the matter of
arriving a most satisfactory settlement to fitment on promotion from clerical
to officer cadre a bilateral issue between the Federation and the Management
has since been reached with the final approval of the Executive Committee of
the Central Board of the Bank on 12th January 2007 thereby putting an end to
the long drawn suspense and frustration of the rank and file. The fitment
formula in State Bank of India is settled between the All India State Bank
Officers Federation and the Management independent of the industry level
instructions issued by the Indian Banks Association. We have our own agreements
based on certain broad parameters. The first and foremost principle was that
there has to be protection of the emoluments drawn by the clerical staff on
promotion. Thereafter, we introduced a principle ensuring a defined minimum
differential on promotion so that the officers are able to feel that they are
getting better emoluments on promotion. In course of the last few revisions,
the differentials were getting eroded due to the number of new allowances
introduced to the clerical staff in successive wage revisions. It is in this
background, the Federation was waging a constant battle for ensuring not only
protection of the emoluments and differentials but also some more benefit on
promotion to officers? cadre.
2. The issue assumed a great importance
during the 7th and 8th bipartite settlements. The following demands were made
on the management:
The superannuation benefits that are extended to the clerical
staff on certain allowances should be notionally extended to the officers in
addition to the amount arrived as differential.
The Officers should get something more than the mere protection
of the emoluments in clerical grade on the basis of the notional emoluments
that had they continued in the clerical staff.
3. These arguments were accepted in principle.
A lot of discussions and debates resulted in arriving at a negotiated
settlement as regards the quantum of differentials and also the amount that
should be given as an additional benefit on promotion with certain
restrictions regarding the eligibility etc., We are happy that the current
fitment formula is unique in many ways. It is for the first time we have
established a right to the differentials which includes all the special
features of the allowances and the attendant benefits to such allowances at
the time of arriving at the differentials and more over in ensuring an
additional sum over and above this differential.
4. The understandings on the fitment
formula have since been approved by the Executive Committee of the Central
Board at its meeting held on 12.01.2007 . We furnish below the salient
In the new fitment formula, the differential of 20th stage i.e.
Rs. 2,230/- which corresponds to Rs.1,860/- in terms of Eighth Bipartite
Settlement will be protected w.e.f. 01.11.2002 (i.e. the date from which the
last wage revision for officers came into effect) and consequent upon
increase in special pay of Special Assistants, the protection will be
increased to Rs. 2,500/- w.e.f. 01.07.2005. The shortfall, if any, will be
paid as Adjusting Pay which will qualify for DA and superannuation benefits.
The Adjusting pay will get reduced by the amount of increments/FPP/PQP
released to the officer after the effective date of fitment till the
Adjusting Pay becomes nil.
In case of officers who are promoted after reaching the maximum
of clerical pay, in addition to Adjusting Pay, an amount of Rs. 560/- will be
paid as "Personal Allowance? which will not qualify for DA, HRA, CCA and
superannuation benefits and will continue to be paid till the officer reaches
the Basic Pay of Rs. 22,900/- Thereafter, the Personal Allowance will be
tapered at the rate of ½ of the allowance in two instalments from future
The inter se anomalies, if any on account of revised formula will
be looked into on case-to-case basis.
5. Comrades, the fitment formula
settlement is yet another feather in the cap of the Federation. It is a happy
beginning to all our colleagues in the Bank. The official communication with
required clarifications and fitment/arrears charts will be issued shortly.
While complimenting all our members for the successful accomplishment of the
fitment formula, we advise our members to approach the Circle association or
the head quarters of the Federation for any assistance or guidance in case
they encounter any difficulties in getting their fitment resolved.
With Sankranthi, Pongal Lohri