Pension Updation of Retired Bankers

Dear Sir

Sub:Pension Updation of Retired Bankers

The matter of #Pension_Updation of 6.50 lacs + #Retired_Bank_Employees is pending for past 25 years. Our #Basic_Pension has not been revised as per clause 12 of Pension Agreement signed in 1993 after successive revision of payscales of Employees in active service.

We have lodged umpteen requests,representations and appeals to update our Pension on the same lines adopted by Government to update Pension of RBI and NABARD Employees but nothing has happened.

Life of the Bank Pensioners has become miserable due to 1.ever-rising cost of living & healthcare

2.Interest incomes have dried up thanks to steep fall in ROI on Deposits

3.The avenues of additional incomes disappeared thanks to ongoing pandemic situation caused by Covid19.

4.The lethality of the Corona virus to Senior Citizens has confined us to homes and we can't venture for other incomes so that we can meet the ends.

Our Pension is self funded and doesn't affect ex-chequer.

Please take up our case with Finance Ministry as they are in control of the public sector Banks.

Thanks

Yours sincerely

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