The Association of East Maharashtra Bank Retirees has asked the Government to speed up the pension update, which has been pending for the past 27 years.
Nitin GadkariThe Minister of Road Transport and Highways, represented the Association on this matter with the Minister of State Finance Bhagwat Kishanrao Karad.
In a letter to Karad, Gadkari noted that retired employees of government-owned banks, rural banks, and older-generation private sector banks have pursued the issue of updating. pension with the government for a long time.
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According to the Nagpur-based Association, the pensions the bankers, who are long retired, receive are meager and they cannot afford to live.
For example, a department head who retired in 2000 was entitled to less pension than a newly retired employee.
The pension scheme was introduced in banks in 1995. Since then, there have been eight bilateral salary arrangements across the industry.
The association has pushed for a pension amendment so that members can meet both purposes without a hitch.
The association suggests that retirement fund reserves with the government can be used to amend in pension system. It stressed that this would not place any financial burden or obligation on the government.
Meanwhile, the All India Bank Retirees Federation sought a 100% pension for retirees before November 2002, improving family pension and health insurance scheme. groups for retirees, among other programs.
