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Monday, 23 November 2015

Retired bank employees demand better pension structure from PM

 
Kolkata, | 23 November, 2015

Retired bank employees have urged Prime Minister Narendra Modi for a better pension structure. All India Bank Pensioners’ and Retirees’ Confederation (AIBPARC), an association of the bank pensions alleged that the pensions for retired staffs are not hiked like the salaries of the serving staffs.

“A General Manager who retired 10 to 15 years ago, is drawing much lesser pension that any of his juniormost subordinate who retired in subsequent years,” a representative of the AIBPARC alleged. SR Sengupta, general secretary of the AIBPARC said that they have made several representations to the Indian Banking Association (IBA) and the Union Ministry of Finance regarding this matter but to no avail. “The indifference displayed by them is shockingly unjustified. Payment of family pension must be uniformly at 30 per cent of pay as paid by Reserve Bank of India, said Mr Sengupta.

Mr Sengupta said that a retired bank employee had to maintain two establishments during his or her tenure as most of them used to work in the remotest corner without basis amenities and had to live away from their families for most of the time. “The need for maintaining two establishments during their active phase of their life did not leave any scope for them to save for their retired life. Most of them are struggling hard to meet their even increasing sustenance needs,” he said.

The pension of retired employees from the central government service automatically gets revised while this doesn't happen in banks, he added. The retired employees also raised the question of paltry basic pay as family pension (after the death of employee pension provided to living spouse).

“For the Reserve Bank of India (RBI) and central government employees,the family pension has been upwardly revised to 30 per cent of basic pay. For the retired bank employees, it is still 15 per cent of basic pay as family pension,” Mr Sengupta said. The retired bankers also demanded medical and hospitalisation facilities for its retired employees.

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