BB staff protest against board’s incentive decision

Staff Correspondent | Published: 22:42, Aug 28,2017

 
 

Employees of Bangladesh Bank led by Bangladesh Bank Officers Council and Bangladesh Bank Employees Association protest against a central bank’s board decision in Dhaka on Monday. BB employees on Monday staged a demonstration to protest against a central bank’s board decision to give them annual financial incentives based on the previous pay scale instead of the current 9th pay scale. — New Age photo

Bangladesh Bank employees on Monday staged a demonstration to protest against a central bank’s board decision to give them annual financial incentives based on the previous pay scale instead of the current 9th pay scale.
The board of directors of the central bank on Sunday decided that the amount of incentives for its staff for the fiscal year 2016-17 would be equivalent to their five months’ basic salaries as per the 8th pay scale.
More than five hundred BB employees led by Bangladesh Bank Officers Council and Bangladesh Bank Employees Association staged the demonstration at the central bank premises in the capital, Dhaka.
The demonstrators also chanted different slogans against the board’s decision.
Against the backdrop, the National Mourning Day observance council of the central bank postponed its Monday’s scheduled meeting where finance minister AMA Muhith and state minister for posts and telecommunication Tarana Halim were scheduled to attend.
The BB Officers Council placed a memorandum before the central bank’s governor, Fazle Kabir, demanding a revision to the incentive amount in line with the 9th pay scale.
After placing the memorandum, BB Officers Council general secretary Istequemal Hussain addressed the central bank officials, where he said an emergency general meeting of the council would be held today with a view to setting its next course of action.
He said, ‘The governor has assured us that he will take necessary measures to revise the amount of financial incentives. But, the council will take its next course of action based on the opinions of the officials at the EGM.’
The parliamentary standing committee on public accounts earlier raised question why the central bank employees enjoy a number of financial incentives alongside festival bonuses while the other government
staff get only four festival bonuses a year.
Istequemal said that the BB board had decided the amount of the incentives in line with the June 2015 basic salaries, which was not logical.
The board should have set the amount in accordance with the June 2017 basic salaries, he said.
He said that the BB governor assured them that he would keep provision in the central bank’s balance sheet so that the central bank could revise the amount of the incentives before transferring the profit to the government.
A BB official told New Age on Monday that the central bank had taken decision to cut its expenditure.
The BB board last year had taken decision to pay the amount of four months’ basic salaries as incentives based on the 8th pay scale for the staff for FY16.
The central bank’s CBA had organised a demonstration in last year against the decision, but the BB board did not backtrack on its decision. 

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