Bank has set right the anomaly by proportionately applying multiplication factor where pension was worked out on different pay scales. Earlier the basic pension was revised by applying one multiplication factor as given in circular dated 7th march 2019, although pension was calculated on two different pay scales. Date of retirement Basic Pension revised by…
K ishore Chakraborty, President, AIRBIOPF, in his letter dated 24th June, 2019 while expressing gratitude to the Governor for the benevolent approach shown towards the pre-November 2012 pensioners in the matter of pension revision, has appealed on behalf of the retirees to use his good offices to resolve the following pending issues pertaining to the…
We are happy to inform that the Ministry of Finance by their letter dated 5th March 2019 have granted approval for updating pension to the pensioners in RBI with a notional increase of 10% in pension plus DA with wage agreements done in 2002, 2007 and 2012. This results in overall increase in basic pension […]
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.
Recent developments about the 2 Key Pension issues, revision and one last option to CPF optees have proved beyond doubt that as usual, genuine demands of RBI retirees , till now, have fallen on deaf ears, . All appeals, pleadings, representations – from the representative bodies/individuals – have met with a deafening silence. UFRBOE had…
General Secretary, Shri Aherrao has written a letter to Finance Minister Arun Jaitley on 19th September 16 for updating the pension in RBI. Another letter to the Governor Urjit Patel reiterating the resolution of our just demands is here.
Despite the SC orders to deposit the amounts in courts for payment to the petitioners, LIC plays foul, uses dilatory tricks, seeks repeated adjournments , feigns non-availability of counsels on due dates to drag the suits to all possible extents. Needless to say, these skills are an inseparable part of our Democratic Justice Delivery System.
Fed up with the Government’s tactics, the present RBI Governor included the problem with Government in para x.28 of the RBI Annual report 2015, which no earlier governor liked to do.
But, here we should not overlook the fact that reliance on bank’s circular or Regulation 5(2) would have become redundant had there been a specific regulation regarding updation of pension.
There are reports that a meeting was held at North block on 22nd March 15 in cordial atmosphere. Governor, DG(Gandhi), among other officials, participated in the discussions. Details are awaited. Meanwhile, many followers had asked for a combined (single) video about the silent protest held on 22nd March 15. To see the video click here.
