Employees of Regional Rural Banks (RRB) should get pension facility on par with their counterparts working in nationalised commercial banks was the demand that got highlighted during the general council meeting of Rushikulya Gramya Bank Officers' Association (RGBOA) held in the city on Monday.
Inaugural session of the conference was attended by chairman of the Ruhsikulya Gramya Bank (RGB), PVSTR Seshagiri Rao, working president of Nikhil Odisha Gramya Bank Karmachari Sangh Nilakantha Biswal and central committee member of All India Regional Rural Bank Employees' Association (AIRRBEA) Amar Mohanty etc. The main issues that were discussed during the conference included implementation of pension scheme for RRB employees, regularisation of temporary employees, strengthening of unity among RRBs in the country and recent trend of price rise as well as inflation. General secretary of RGBOA Madhav Kothia said at present their main demand happens to be implementation of pension scheme which should be at par with that of nationalised banks. According to him employees of commercial banks are enjoying benefits of contributory Provident Fund (PF) to the extent of 10 per cent of basic pay without any upper limit for employer contribution prior to introduction of their pension scheme.
After introduction of pension scheme in banking sector all employees of commercial banks, opting for pension in lieu of ‘contributory PF' have started receiving pension at the rate of 50 per cent of their basic pay with added dearness allowance. But for the employees of RRBs like the RGB, there remains upper ceiling of ‘employer contribution to PF' subject to maximum of Rs.6,500 taken as basic pay and Rs. 780 has been maximum limit .