State Bank staff union appeals for updation of pension
In a resolution passed at the Annual General Body meeting held at Thanjavur recently, the association pointed out that the revision of pension as per the Act and in line with RBI formula, is pending for over three decades.
Similarly, there was inordinate delay in the upward revision of ex gratia, as ingrained in the banking industry level settlement of March 3, 2024.
Upward revision of ex gratia and the updating of pension would be of immense help to over 8 lakh pensioners, the association added.
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