Retired bank staff press for hike in basic pension

The Association of Former Central Committee Members of State Bank Staff Union (AFCCoM) on Sunday urged the Centre and the managements of all banks to hike basic pension without delay for all employees and officers.

This demand was adopted as a resolution at an AFCCoM’s meeting of executive committee chaired by association president S. P. Raman.

V.R. Udayashankar, general secretary of the association, joined executive committee members M.K. Moorthi and M.,Chandra Gilbert in explaining that neither the Central Government nor the managments of the banks had cared to hike the basic pension of bank employees for the past three decades while signing agreement for increasing the pay.

They said that while State Bank of India had ₹69,364 crore in its pension corpus fund, other public sector banks had ₹1.78 lakh crore and called upon the Centre and the bank managements to increase the basic pension with substantial arrears.

Through another resolution, the association wanted the Centre to take steps to regularise services of all contract employees with more than five years of service in public sector organisations. Even though the apex court in various verdicts mentioned about the violation of Contract Labour Act of 1970, no tangible efforts were taken to alleviate sufferings of contract labourers.

AFCCoM said that more than 60% of the employees were still working as contract workers with low salary in the public sector and pointed out that work of data entry, loan processing and security guard in public sector banks were still being given on contract basis.

By another resolution, the association wanted SBI to scrap the new pension scheme and implement the old policy for employees recruited from October 2010.

The association also passed a resolution condemning the recent serial bomb blasts in churches, hotels and other places in Sri Lanka and the killing of hundreds of innocent people.

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Printable version | Apr 9, 2020 4:55:57 AM | https://www.thehindu.com/news/cities/Tiruchirapalli/retired-bank-staff-press-for-hike-in-basic-pension/article27109169.ece

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