MAY 2017 e-LIFE BULLETIN Issue : 44

THE CHARTER SUB-COMMITTEE WILL NOW SUBMIT THIS DRAFT ON CHARTER OF DEMANDS WITH REGARD TO THE NEW WAGE REVISION DUE AS ON 01.08.2017 BEFORE THE MEMBERS OF ALL INDIA WORKING COMMITTEE FOR APPROVAL OF THE SAME.

CHARTER SUB COMMITTEE FINALISES THE DRAFT FOR NEW WAGE REVISION

The Charter Sub-Committee of All India Life in its recent meeting at Bengaluru on 24th & 25th May 2017 has finalized the Draft for the coming Wage Revision due as on 01.08.2017. The previous round of the Charter Sub-Committee Meeting was held on 26th February 2017 at Surat.

All the remaining issues from Surat meet were discussed in details. The various expectations and demands received from various units & individuals were discussed at length to arrive at logical and meaningful conclusions which could be confidently placed before the management to secure a handsome wage revision, commensurate with our achievements and industry standards.

HIGHLIGHTS OF THE DRAFT CHARTER
MEETING HELD AT SURAT (26th Feb. 2017) & BENGALURU (24th & 25th April 2017)

40% Wage Rise after 100% D.A. merger as on 01.08.2017

► 100% D.A. merger on the existing Pay-Scales as on 01.08.2017
► 40% Wage rise on the newly arrived pay-scales (existing pay-scales+100% DA merger as on 01.08.2017)

The rise is justified in view of the performance of LIC and in keeping the payment patterns prevalent in the industry and with the attribution of the hard work put in by all classes of the Corporation during the last 5 years, since the last charter became due.

 

Changes sought in Stagnation Increments
► Cap on number of stagnation increments be removed.
► All Cadres in Class III & IV be eligible for stagnation increments once in two years, till the date of retirement.

Allowances/Reimbursement be extended to Class III & IV also.
► Entertainment Allowances, Newspaper Reimbursement, Mobile usage & Mobile set reimbursement be also extended to Class III & IV Cadre employees.

 

House Rent Allowance (HRA) & City Compensatory Allowance (CCA).

► For the purpose of HRA , the nomenclature of the cities was reduced to TWO- A & B and the proposed HRA was @ 30% and 25%
► For the purpose of CCA, the nomenclature of cites was reduced to TWO-A & B and the revised CCA proposed are 10% & 8%.

The Two-tier City Class concept is justified because of the infrastructure development in the cities/towns under the current Class ‘C’ (in case of HRA & CCA). At the same time, the supply of rental houses is limited in comparison to demand in this Class ‘C’ Category. As a result, they need to be compensated at par with Class ‘B’.

MEDICAL BENEFITS:

► Monthly Medical Allowance at 3% on Basic Pay in lieu of Yearly Cash Medical Benefit has been proposed.

► Preventive Health Check-up facility be extended to all employees irrespective of age, every year along with the spouse. This Benefit should also be extended to all retired employees.

Medi-Claim Scheme
New Group Mediclaim Policy should contain all features of the ‘’ Premier Mediclaim Policy’’ issued on 09/02/2017 by The New India Assurance Co. Ltd.

Few Special features are as follows:-
a) OPD Expenses for Dental treatment, health check-up, medicines etc.
b) Psychiatric treatment and psychosomatic illness coverage up to 5 lacs.
c) Obesity treatment coverage up to 5 lacs.

It is suggested that keeping intact the better features of the current scheme new features covering the health care needs of the employees containing in the above “Premier Mediclaim Policy” could be incorporated in the new Group Mediclaim Policy.
The Mediclaim cover should be extended to the” DIVYANG” siblings (brothers & sisters) and to unmarried sisters of the employees. In our Indian society an unmarried sister remains the concern of the employee even if the parents are alive but dependent on the employee.

HOUSING LOAN

It was suggested that in the face of falling interest rates and lowered productivity in the real estate sector due to demonetization, implementation of RERA and the policy of the Government to provide subsidy, the interest rate in the cadre loan should be reduced to 2% immediately.

The rate on market loan from HFL should also be commensurate with existing market loans. Alternately the subsidy should be maintained at 4.75% and it should be protected from the volatilities of the market.

► IEH/ECH loans (for the North east particularly) shall be treated as house-building loans without mortgage.

► Furnishing Loan

An additional loan of up to 10 lakhs for furnishing of house purchased/ constructed to be provided by LIC.

VEHICLE ADVANCE :

► Car Loan up to Rs.5 lacs be extended to Class 3 employees.

► 2-Wheeler advance be extended to the employees without any limit on number of occasions, once the previous loan is cleared.

► Cycle Advance up to Rs.7,500/- be extended to employees, every 3 years.

Desk Computer/Lap-top Advance

The Desk Computer/Lap-top should be interest free and the advance should also be available after every 3 years, without any restrictions.

Other Demands

► Income tax on perks and perquisites to be borne by LIC for Class 3 & 4 also as in the case of Class 1.

► Benefits in GSLI, LTC, Transfer Grant to Class 3 & 4 employees.

► There is an urgent need to open a Zonal Office at Guwahati for a better administrative control in the North East region which lies cut off from the rest of the country. It would also be in line with the official Government Policy to enhance the reach of all in the region.

► Class 3 & 4 Cadre postings in Satellite & Mini Offices be made.

► Rest Room in all Offices at BO/DO/ZO for lady employees be provided.

► Up gradation of existing Guest houses with AC in all rooms with self contained wash rooms. Online booking of Guest houses should be made compulsory for better transparency.

► Immediate notification for selection and recruitment of cashiers to hundreds of posts lying vacant across the Organization.

► Evolution of Cadre strength formula incorporating discussions with class 3 & 4 unions.

► Amendment in Staff Regulation to eliminate regulations which are against the tenets of natural justice.

► Fixing of a time frame to dispose of employee representations.

► Tea & coffee Dispensers in all Branch Offices.

SINCERE THANKS TO THE MEMEBRS/INVITEES OF THE CHARTER SUB-COMMITTEE:

We are indebted to the sincere efforts taken by the members/invitees of the Charter Sub-Committee in preparing a Draft on Charter of Demands. We also acknowledge the suggestions given/forwarded by our various Units/Office-bearers.

Special Invitees :
Shri M.U. Auditor
Shri Rakesh Lakadwala
Shri R.K. Patel

Members:
Shri Somendra Srivastava (Convener)
Shri Kalapi Desai
Shri Manohar Viegas
Shri Raghubir Singh
Shri Ganesh Nayak
Shri Tridib Banerjee
Shri Prashant Payal
Shri Ranjith Misra
Shri Bhavnesh Bhatt

 

MINISTRY OF FINANCE NOTIFIES

1) ENHANCEMENT OF P.L. ACCUMULATION 2) PATERNITY LEAVE

 

Enhancement of P.L. Accumulation :-

The Ministry of Finance on 28th April, 2017 notified the enhancement of Privilege Leave accumulation from 240 days to 270 days by amending LICI (Staff) Rules, 1960 in rule 19 (4).

However, it is to be clarified that on retirement, encashment of Privilege Leave is up to 240 days.

Central Office would be issuing Administrative instructions shortly.

 

Paternity Leave :-
The Ministry of Finance on 28th April, 2017 notified the Paternity Leave in Rule 66A of LICI (Staff) Rules, 1960. It says as follows:-

  1. The competent authority may grant to a male employee having less than two surviving children, paternity leave for a period of 15 days during the confinement of wife.
  2. The Paternity Leave may be combined with leave of any other kind except Casual Leave.
  3. The Paternity Leave shall not be debited against the leave account.
  4. The Paternity Leave shall be utilized by the employee within a period of six months from the date of delivery of the child and may be applied within a period of 15 days before the expiry of the said period of 6 months.

 

D.A. from May 2017 is down by (-) 13 Slabs
The Consumer Price Index (CPI) for
January – 274, February – 274 & March – 275
The total D.A. Slabs as on 01.05.2017 is 389 (38.9% D.A.)

 


THE FINAL ROUND OF CHARTER SUB-COMMITTEE MEETING HELD AT
BENGALURU ON 24TH & 25TH APRIL 2017

 

 

9 thoughts on “MAY 2017 e-LIFE BULLETIN Issue : 44

  1. Sir.
    Complince of CGIT award /SC order 18.03.2015/ 09.08.2016 is not there in the buletin. Please take up the matter on top priority sir.
    Now it is a nation wide issue and a welfare union can t ignore this burning issue

  2. certainly like your web site however you have to take a look at the spelling
    on quite a few of your posts. A number of them are rife with
    spelling problems and I in finding it very bothersome to tell
    the truth then again I will surely come back again.

  3. Pretty section of content. I just stumbled upon your website and in accession capital to claim that I
    get in fact enjoyed account your blog posts. Any way I will be subscribing
    in your augment and even I fulfillment you get entry to consistently rapidly.

  4. I was curious if you ever considered changing the structure
    of your blog? Its very well written; I love what youve got to
    say. But maybe you could a little more in the way of content so people could connect with it better.
    Youve got an awful lot of text for only having one or two images.
    Maybe you could space it out better?

  5. Do you have a spam problem on this blog; I also am a blogger, and I was curious about your situation;
    many of us have created some nice procedures and we are looking to swap methods with other folks, please shoot me an e-mail if interested.

  6. I got this web page from my buddy who told me about this web page and at the moment this time I am visiting this web page and
    reading very informative articles or reviews at this place.

Leave a Reply

Your email address will not be published. Required fields are marked *