updating pension – Is it a response at political level?

27 Mar

The   circular issued by UFRBO&E on 26the march 2014 after  meeting with Governor and other officials of the Bank, reports  the Governor as having said:
“Govt’s response flows from politicallevel and their
original stand has been modified by Banks and his interactions

As per the modifications  “(Govt.)concede the power of the RBI Central Board to revise pay and allowances of RBI staff and also to reviewand revisethe compensation for RBI employees

RBI Staff Demanding Pension updation

RBI Staff Demanding Pension updation

every five years if there is gross misalignment” with financial markets“, as per lawand in consultation with the Government”

DG(KCC) said “that unions could always fight if they felt that their interests were affected and suggested that we could make the best of the opportunity

UFRBOE ,it is stated in the circular,would not accept anything that affects the immediate and long term interests of employees



2 Responses to “updating pension – Is it a response at political level?”

  1. VRRao 29/03/2014 at 8:52 pm #

    What is the outcome of the meeting with Governor? The circular of the United Forum is confusing.


  2. VRRao 28/04/2014 at 7:24 am #

    It is almost one month since we last heard any thing about Pension.No further update?


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