Finance Ministry panel to resolve bank pensioners' issues
Finance Ministry panel to resolve bank pensioners' issues: The Department of Financial Services, Ministry of Finance, has set up a committee to ...
During the meeting with the Chairman of the IBA sub-committee in charge of negotiations on August 1, the UFBU had taken up them and had received a favourable response.
“We firmly believe that the issues such as pension updation, family pension and medical benefit scheme shall be of direct concern to the serving employees as well as they move on and retire,” Sarkar said.
It is imperative that the Confederation and the UFBU their efforts for resolution of the pending issues.
“We are happy that all constituents and leaders of the UFBU re making sincere efforts in this regard,” Sarkar added."
Till such time the employer and serving employees recognize that retirement benefits are deferred wages to enable employees to live their post-retirement life, commensurate with their contribution to the society during their active service, the retirees as a class will not get justice. GOI is meddling with the pension system using the pre-independence British method of divide and rule by creating different categories of pensioners and since 2004 a victimised class of "NPS beneficiaries".
M G Warrier