It is
surprising and disappointing to note that some member banks of SCBA do seem
very keen on PPS. They only want to implement their own system at their sole
discretion. It is hoped that such regressive banks are in the minority.
TRANSFER
SCBA also
agreed to incorporate a framework into the CA that will spell out the core
benefits/allowances that bank must pay if they transfer employee outside
their home base.
HOUSING LOAN
SCBA has
agreed to allow members to be eligible for any amount of staff housing loan
as long as the monthly repayment does not exceed 75% of gross take home
salary. This effectively means that maximum amount of housing loan at
current salary levels would range from RM130K to about 290K - a major
increase from the existing $160,000.
SBEU is still
pressing SCBA to reduce the interest rates and to allow progressive
repayment.
HOURS OF WORK-5 DAY WEEK
SBEU has
agreed to the 5 day week once the overtime cap on those earning above RM2000
is removed wef 1 Feb 2006, and a Weekend banking allowance
is paid if banks require members to change their restdays and work on
weekends.
ALLOWANCES
SCBA agreed
to increase some allowance in tandem with the Salary increase of 5% and to
merge the spectacle and dental allowance so that members can have more
flexible access to these benefits
SCBA also
agree to allow members to make use of the family medical entitle to purchase
medical insurance for their spouse and children. SBEU welcome this
initiative.
Outstanding issues:
v Retirement
age. Training, Maternity, Insurance.
To convince
SCBA to grant a reasonable increase in our benefits is not going to be easy.
It is vital that members MUST PLAY AN ACTIVE PART TO SUPPORT SBEU as we
negotiate the difficult road ahead.
The next
round is scheduled for 1st Week November 2006.
Please note
that all agreements are without prejudice basis and will be subject to an
overall CA to be in place before they can be implemented.
