Wednesday, 27 May 2015

Charter of Demands - General Insurance PROPOSED WAGE REVISION (to be effective from 01.08.2012)

Charter of Demands - General Insurance PROPOSED WAGE REVISION (to be effective from 01.08.2012)

Taking into account the recommendations of the 6 th Central Pay Commission for Govt. employees and the recommendations of the Justice Rao committee for pay revision for Officers in PSUs ,rs 25000/- was demanded by us at entry level scale-I BUT the basic pay was fixed (effective from 1.8.2007) at Rs 17240/- ,much below our expectations. Hence this distortion needs correction in the ensuing wage revision exercise. Keeping in view the need to retain talent within our industry and to attract fresh talent to our industry, it is imperative to have pay scales on par with Govt . /other PSUs.

Hence, our Basic Pay at the entry level need to be fixed at minimum of (effective from 1.8.2012) Rs.42000 /- (Scale I).


Click here to read the complete charter of demands.

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