The 3rd meeting of the Joint Committee on Wage Revision of the Non-Executives took place yesterday the 27-08-2018. Shri H.C.Pant, Chairman of the Committee presided. All the Committee members, both from the Staff Side and the Management Side, were present. The Staff Side has already submitted it’s note on the structures of the new pay scales before the last meeting of the Committee. In yesterday’s meeting, the Management Side spelt out their proposals regarding the new pay scales.
Management Side proposed that, the minimum of the new pay scales should be arrived at, by multiplying the minimum of the existing pay scales by 2.4. Accordingly, they proposed the minimum of the new NE 1 pay scale as RS.18,600. However, the Staff Side did not accept this. They demanded that the multiplication factor should be 2.44. Accordingly, the minimum of the new NE1 pay scale comes to Rs.18,934 and that it should be rounded off to Rs.19,000. They also demanded that the 2.44 multiplication factor should be applied to arrive at the minimum of all the new pay scales. The Management Side agreed to examine these proposals of the Staff Side.
As regards the maximum of the new pay scales, the Staff Side has already proposed that they should be arrived at, by providing 43 years of span. But, the Management Side stated that this would result in heavy expenditure on account of payment of Pension Contribution. The Staff Side demanded that the spans of the pay scales should be provided in sufficient numbers, so that no Non-Executive would suffer from the problem of stagnation after the Wage Revision. It is decided to continue with the discussion in the next meeting, to be held on 10-09-2018.
The Staff Side members expressed their unhappiness that the talks are going on very slowly.