Latest information on pension scheme in RRB’s

All India Regional Rural Bank Employees Association – Kolkatta-52

Latest Information on pension scheme in RRBs

NABARD has sent the pension scheme as approved by Expert Committee to GOI this day through e-mail. We have requested Joint Secretary, GOI today for issuing a Govt. order allowing pension parity in RRBs on or before 23rd Nov, 2012.

It is reliably learnt that GOI on receipt of the scheme from NABARD will suggest for sending it to Ministry of Law before Finance Minister and then with the formal consent of Finance Minster, Ministry of Finance will send it to Ministry of Law for proper legal words to about any legal flow. In that case the pension order may not be issued by 23rd Nov, 2012 as we have demanded but it is expected that order may be issued by the end of December, 2012. Govt. may seek the protection from Supreme Court to avoid contempt of Rajasthan High Court by this time. We have filed the caveat.

In the Banking Industry the Pension Agreement was signed on 29th Oct, 1993 but the scheme was introduced for workman in the year 1995 and for officers in the year 1996. In the RRB the parity of pension has been accepted by Finance Minister on 20th June, 2012 and within a period of 5 months the final scheme has reached GOI due to our day to day persuasion both at GOI & NABARD level. So please do not get impatient. Have faith on AIRRBEA. We must get it within a short time.

Dilip Kumar Mukherjee

Secretary General, AIRRBEA

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  • K.Narayana rao

    We are grateful to you sir


    Excellant work done.

  • Hari

    Its already too late, how much it take more to implement?


    thank you for your concern on retirees..