The Thiruvalla East Co-operative Bank Retired Employees Co-ordination Committee has called upon the Chief Minister, Oommen Chandy, to take necessary steps to provide pension facility to them as in the case of the employees attached to various other co-operative banks in the State.
In a statement issued here on Sunday, the committee leaders, K.K. Ramachandra Panicker, former general manager of the bank, and K.S. Mohanan Nair, former manager, alleged that the bank authorities have denied the due share of gratuity, provident fund and other financial benefits to the retired employees, despite repeated plea by them in this regard.
Though the Union Government had raised the gratuity limit to Rs 10 lakhs from May, 2010, TECB has given only Rs 3.5 lakhs towards gratuity to the bank staff who have retired from service during May, 2010 to December, 2011, they alleged.
Mr Panicker alleged that the TECB authorities have taken an adamant stand not to provide any gratuity arrears to the bank staff who have retired from service from May, 2010, leaving them in a pitiable financial position, especially in the fag end of their life.
The committee leaders alleged that the TECB employees are the only bank staff who were not getting any kind of pension owing to the alleged indifferent attitude of the bank authorities.
The TECB had also violated various directives issued by the Reserve Bank of India to it from time and again as if they were not applicable to it, the statement alleged.