DHARNA AT RBI OFFICES ON 6TH MARCH 2018 -PENSION REVISION / ONE TIME PENSION OPTION

Reproduced below is the Press Release issued by ‘RBI New Delhi OERS Pensioners Welfare Association’ to  support DHARNA to be held at all RBI Offices  on 6th March 2018 at the call of UNITED FORUM OF RESERVE BANK OFFICERS AND EMPLOYEES (UFRBO&E). This protest action is  against the  consistently obstructive attitude embraced by  M/O Finance in matters of Pension updation and opening of one time pension option. These demands have been kept  in cold storage for the last 15 years by the bureaucracy  despite their approval from  RBI Central Board.
Government is also  ignoring  the recommendation of 20th Report by committee on subordinate legislation about the Pension Regulations, 1990.
We, therefore,  urge upon all the member retirees throughout the country to actively participate in Dharna on 6th March, 18 at respective offices.

Press Release:

RBI NEW DELHI OERS OPTEES & PENSIONERS WELFARE ASSOCIATION (REGD.)

C-12/548 YAMUNA VIHAR DELHI-110053

President                                                    General Secretary
V.K. Wadhawan                                           Danesh Kumar

Mob: 9899460500                                        Mob: 9871282700

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The Chief News Editor /Reporter,

__________________________
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New Delhi.

Dear Sir,

 We request you to please to circulate / publish / transmit/ broadcast through your esteemed news agency the Press Statement issued by V.K. Wadhawan, President, RBI New Delhi (OERS) Pensioners Association .

Yours Sincerely,

General Secretary

PRESS STATEMENT

‘ DECADE LONG  STRUGGLE OF RESERVE BANK EMPLOYEES FOR UPDATION OF PENSION/OPENING OF OPTION-Dharna at RBI New Delhi on 6th March 2018.

   “We call upon all our member retirees  throughout the Country to actively and enthusiastically participate in DHARNA to be held at RBI offices  on 06.03.2018 to SUPPORT the  programme announced by the UNITED FORUM OF RESERVE BANK OFFICERS AND EMPLOYEES (UFRBO&E) to demand of the Bank and Government of India to revise the pension of retired officers and employees at par with the employees working in Government bodies who get their pension revised along with every revision of pay and services of existing employees from time to time.
The Government of India is blocking the measure on solely untenable grounds ignoring the basic fact that the Government employees get the pension out of the money paid as taxes by the Countrymen including bank employees whereas the RBI employees get pension out of the funds contributed by them only- RBI Pension corpus that has surplus balances to meet the increased pension load.
 It is now more than fifteen years that the RBI Employees demanded updation but the justified measures decided and approved  by the RBI Central Board have  been consistently BLOCKED BY the bureaucracy in Ministry of Finance on hyper technical grounds.
The Government is even brazenly overlooking the recent recommendations of ‘ 20TH REPORT by COMMITTEE ON SUBORDINATE LEGISLATION (2016-17) ABOUT THE RBI PENSION REGULATIONS 1990, PRESENTED TO LOK SABHA ON 10-8-17.’

In the report the committee unanimously says “WE find the autonomy and independence of the institution as imperative and integral part of any Central Bank of a Nation which in opinion of the Committee should not be compromised at any cost, especially, in matters relating to the service conditions of the employees viz recruitment, pay, pensions, etc.

Our Association therefore demand that the Government of India stop interfering in the internal functioning of Reserve Bank of India through its Ministry of Finance to make RBI as effective as it was in the past.  We also demand of the Government to implement in letter and spirit the 20th Report of the Parliamentary Sub-Committee.””