Following a positive response from the Indian Banks’ Association on pension-related issues, the United Forum of Bank Unions (UFBU) has decided to wait till the next round of bipartite talks for wage revision.
At a meeting in Mumbai on Friday, UFBU representatives dwelt on periodical update, a uniform dearness allowance rate for all pensioners, revision of the family pension formula, switching over from the new pension scheme to the defined benefit pension scheme for new recruits from 2010, cent per cent reimbursement of entire expenses, housing facilities for all and five-day banking.
