INDIA - Employees of the Reserve Bank of India (RBI) are to stage a mass casual leave at the beginning of December, calling for restoration of pension arrangements for retired employees.
The decision means employees and officers of the bank will go on mass casual leave on 1 and 2 December in protest over the revised pension provision.
In a statement, the United Forum of the Reserve Bank Officers and Employees explained the government had suddenly withdrawn the upgraded pension that the superannuated employees had received over a period of six years.
It read: "The decision to observe the mass casual leave was taken to protest against the huge reduction in pension of RBI retirees, demanding restoration thereof and immediate resolution of other superannuation-related issues."
All India Reserve Bank Employees Association general secretary Samir Ghosh added: "Nearly 3,850 people are now subject to the pension reduction. If RBI sticks to its decision to discontinue the pension scheme, all its retirees will be deprived of pension revision.
"RBI is capable of meeting the financial liability arising out of its pension payout. Therefore, there is no reason why the scheme is being withdrawn."
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