The Union government has taken a policy decision extending pension to regional rural bank staff on a par with existing scheme available in the banking industry in terms of a bipartite settlement between Union Finance Minister Pranab Mukherjee with All India Regional Rural Bank Employees Association secretary-general Dilip Kumar Mukherjee on June 20, Andhra Pragathi Grameena Bank Employees’ Association president G. Vengal Reddy said on Thursday.

As the issue was long-pending with the Union government, AIRRBEA observed a day-long strike on June 8, he said in a statement.

The AIRRBEA secretary-general also met the Union Financial Services Secretary D.K. Mittal on Wednesday. The Department of Financial Services was considering various options to prepare the draft pension scheme for the RRB staff and it would be prepared within a week.