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.
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.
A silent Dharna was held at RBI Chennai on 2nd July 15 by the RBI retirees and all the working employees about the “unresolved problems of Pension updation and one more pension option etc.” A memorandum was “presented“ to the Board members. Incidentally, from other sources, it is learnt that the finance secretary was not…
After the signing of 10th bipartite settlement, a bipartite record note about the issues of the retirees in banks has surfaced. Important points made by IBA in the Note and our comments in the matter are: IBA OUR COMMENTS 1. Demand of retirees can be examined only as a welfare measure, as contractual relationship does not…
Executive Committee Members of the Forum of Retired Employees of RBI, Chennai and the United Forum of Officers and Employees of RBI met RBI Governor separately at Chennai on 10th July 14. Present among others in the meeting were Sri R. Gandhi, Dy.Governor, Dr.Sadakkadulla, Regional Director (TN). The Forum of the Retired Employees requested the…
UNITED FORUM OF RESERVE BANK OFFICERS & EMPLOYEES issued a circular dated 28th April 2014 the para 2 of which states: ” Bank took note of our concerns and assured that Bank would be making endeavour to address those and protect the interests of employees and retirees, regarding fixation of pay for pension, “rationalization” of perks…
“Govt’s response flows from ‘political’ level and their
original stand has been modified by Bank’s and his interactions”
“We have been demanding improvement of pension and not reduction thereof. We emphasized that updation of pension every 10 years will create many anomalies and differential treatments
