KUALA LUMPUR, 20 June 2025
Bank Pembangunan Malaysia Berhad has reached an agreement with the National Union of Commercial Workers for enhanced benefits, including improvements to salary, leave entitlements, medical benefits, and various workplace allowances for its union staffs.
The bank said the collective agreement received endorsement from BPMB’s Board of Directors and subsequently gained approval from the Ministry of Finance on April 22, 2025.
Key enhancements introduced in the 13th Collective Agreement include:
- Salary Revisions: Adjustments of up to 13% to salary scales, while maintaining annual increments at 5%.
- Enhanced Leave Provisions: Extended maternity and paternity leave, broader compassionate leave coverage, and the introduction of Hajj leave for long-serving employees.
- Expanded Medical Benefits: Higher limits for inpatient and outpatient treatment, improved maternity-related coverage, and a new annual health screening allowance.
- Revised Workplace Allowances: Increased mileage and meal claims, an annual provision for uniformed footwear, and a newly introduced mobile phone reimbursement.
Work-Life Balance: New provisions allowing for the carry-forward and partial encashment of annual leave, further emphasizing BPMB’s focus on employee well-being.