Bank retirees to hold massive Protest in Delhi on January 7, following long pending issues

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New Delhi: Coordination of Bank Pensioners & Retirees Organizations (Federation of SBI Pensioners Association, AIBPARC, RBONC, AIRBEA & FORBE) and All India Bank Retirees Federation together will hold a massive protest at Jantar Mantar on January 7.

Gulshan Rai, who served as a middle management officer in State Bank of India retired around 1997 and getting a pension of only Rs.24,000/month in which he is not able to meet his medical expenses. After his retirement his pension has not been upgraded and sticked to 24k/ month. While Rai claimed that when Central Government employees retires their medical is fully secured.

According to BP Khanna, the protests were already held in various cities including Lucknow, Chandigarh and Bangalore, while today various pensioner organizations are protesting in Hyderabad and on January 10th, a protest regarding the same is scheduled to be held on the roads of Jaipur.

Shri K V Acharya & Shri A Ramesh Babu, Joint Convenors of CBPRO and Shri S C Jain, Gen Secy AIBRF highlighted the Pending issues — including Revision of Family Pension in line with Government and RBI Pensioners, Pension at 50% of the Last Drawn Basic Pay to all SBI Pensioners and implementation of Supreme Court’s judgement benefitting Pensioners and retirees — of Bank Pensioners & Retirees for which they have been agitating and organizing protest, demonstration and launching other agitational programmes for several years. Since there has been no forward movement towards resolving these issues the Coordination Body of entire Bank Retirees community has decided to hold a day long protest on 07.01.2019(Monday) at Jantar Mantar, New Delhi from 10.30 am onwards. The Senior and Super Senior Citizens shall be braving the extremely adverse weather conditions to register their protest against the insensitive and non-responsive attitude of the Ministry of Finance, Government of India and IBA to resolve their grievances.

The silence and inaction on the part of Government and IBA is not only violative of Bank Employees Pension Regulation 35(1) with regard to Updation of Pension but also discriminatory and against the National Litigation Policy of the government. It is strange that Bank Pensioners fund created out of Provident Fund surrendered by Bank Employees is of the size of more than Rs 3,00,000 crores and the normal return by way of interest / dividend and other contribution are sufficient to take care of all the demand without any additional burden on the Balance Sheet of the Banks yet the Government and IBA are reluctant to consider the demands. Shri K V Acharya said that the present disbursement of the Pensionary benefits was not even 40% of annual yield/contribution to Pension Fund. This aptly describes the negative attitude of the authorities towards Bank Pensioners who had given their sweat and blood for taking the Banking to the remotest areas of the country and implemented all programmes of the Government for Socio Economic development of the country for the last around 5 decades.

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