BB’S BOARD DECISION ON INCENTIVE

CBA threatens to create chaotic situation if decision not revised

Staff Correspondent | Published: 00:05, Aug 31,2017

 
 

The Bangladesh Bank Employees Association has threatened to create a chaotic situation in the central bank if the BB’s board of directors does not revise its decision on annual financial incentives.
The central bank’s CBA sent a letter to BB governor Fazle Kabir on Tuesday, mentioning that the central bank authorities would be liable for any chaotic situation created if the board did not revise its decision.
The BB board 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 instead of the current 9th pay scale.
The CBA demanded that the central bank governor give them the incentive in line with the 9th pay scale.
Bangladesh Bank Employees Association and Bangladesh Bank Officers Council on Monday staged a demonstration jointly to protest against the central bank’s board decision.
More than five hundred BB employees led by the associations staged the demonstration on the central bank premises in the capital, Dhaka.
The Bangladesh Bank Officers Council on Wednesday started a signature campaign among the central bank’s employees demanding a revision to the incentive amount in line with the 9th pay scale.
The council will submit the signatures of the staff to the central bank governor.
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.
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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