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IndiaPosted at: Mar 6 2018 4:21PM


RBI staffers protest to demand pension for CPF optees & revision of pension for retirees

New Delhi, Mar 6 (UNI) Reserve Bank of India Officers and Employees held a Dharna on Tuesday to demand opening of pension for CPF optees and revision of pension for the retirees.
The Dharna, held in the RBI premises, was in response to a call by All India United Forum of Reserve Bank Officers and Employees for an all India protest on the issue on March 6.
Speaking on the occasion, the employees said they had been on a concerted struggle for the past more than a decade demanding opening of pension for CPF optees as a last chance and revision of pension for the retirees.
They said that though the demands had been raised through several silent demonstrations in front of RBI Board members on at various RBI Offices across India,they were met with a negative response.
They said that the Board had also approached the Central Government for revision of pension for the retirees and one last option of opening of pension for a handful number of 2500 CPF retainers to switch over to pension scheme.
The staffers said that the recently formed “The Parliamentary Committee on Subordinate Legislation” in its report had strongly recommended that RBI within the scope of powers conferred on it by the RBI Act, 1934 can resolve the aforementioned issues on its own without taking recourse from Ministry of Finance.
RBI Governor Urjit Patel had written to the Government on October 20, 2017 for sympathetic consideration to the employees’ demands.
However, no reply had been received from the government even after more than 4 months had elapsed.
‘’We have also demanded from the RBI Management for inclusion of staff recruited from 2012 onwards under New Pension Scheme (NPS) to the scheme of additional provident funds prevalent before 2012. The demand so raised is based on the facts that under NPS the employee is not safeguarded as value of his fund is eroding and expected to erode (since the fund is deployed in capital market, which is highly volatile and hostile to large bank and financial scams) further at the time of his superannuation,’’the employees association said.
Dharna was addressed by Leaders od the CITU and other prominent trade unions.
The All India United Forum of Reserve Bank Officers and Employees has warned that if the issues is not resolved, all the cadres of RBI will proceed on a two-day Mass Casual Leave.
UNI AR SHK 1620
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