Pension scheme of RRBs to be on a par with other banks

Pension scheme of RRBs to be on a par with other banks

(This article was published in the Business Line print edition dated June 22, 2012)


Kolkata, June 21:


The Finance Minister, Mr Pranab Mukherjee, has decided to extend pension to regional rural bank (RRB) staff at a par with the existing scheme available in the banking industry.

The decision was arrived based on a bipartite settlement on Wednesday, said Mr Dilip Kumar Mukherjee, Secretary General, All-India Regional Rural Bank Employees’ Association (AIRRBEA). The draft pension scheme will be prepared soon, he said.

“Currently we get a very small amount as pension and that too without any dearness allowance. Once we move at par with the existing scheme provided by commercial banks, we will stand to get 50 per cent of last drawn salary as pension as well as a component of dearness allowance,” Mr Mukherjee toldBusiness Line.

Long-standing demand

AIRRBEA has been demanding parity in pension and the issue was long pending with the Centre. The association had recently observed a one-day strike on June 8 to mark its protest against the delay in granting parity of pension.

“The department of financial services is considering various options to prepare the draft pension scheme for the RRB staff and we are hopeful this will be prepared within a week,” Mr Mukherjee said.

The draft scheme will then be sent to all the sponsor banks, State governments and RRBs to initiate discussions. The final pension scheme will be circulated within two months, he added.

The other demands of the association include formation of a National Rural Bank of India, regularisation and absorption of part-time workers in RRBs, withdrawal of government order on HR policy and representation of workman and officers in the board of

(This article was published in the Business Line print edition dated June 22, 2012)

  • vishav jeet gupta himachal

    great achievement of airrbea
    long live airrbea
    long live rrb
    long live dada
    long live pranab dada

  • srp patnaik

    thanks to dada. Kudos to Airrbea

  • sajjan gautam


  • Rajendra sharma mahoba

    thanks to pranb da
    thanks to dilip da
    thanks to congress goverment
    thanks to rahul gandhi
    and pm who made it thousands

    of family mambers of rrb staff
    god bless all of u for longgggg prosperous life

  • k.k.verma

    thanks to government,captain of airrbea and comrades for the grand success in respect of pension at par. The airrbea should say whether retired staff will be illegible for the benefit.

  • http://YAHOO.COM Santosh soni

    Well,Great decision for RRB

  • dilip

    let us get the latest news about rrb pension

  • sandy sharma

    is there any guidlines on the ceiling of promotion to scale V for rrb employees