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 ...

Excerpts:

"SERVING EMPLOYEES
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."
My VIEW:
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
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Comments

TVG KRISHNAN said…
Well said but what is the use? PENSIONERS ARE THE IGNORED LOT AND THEY CAN CONTINUE TO BE IGNORED EVEN BY THEIR OWN COLLEAGUES WHO REMAIN AS SERVING EMPLYEES.THAT IS THE WORLD WE ARE ALL IN.

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