Bank retirees' to form a human chain to highlight their pension woes--updation of pension

The Indian Banks Retirees' Association - AP and Telangana's 12th Bi-Annual Meeting will be held tomorrow in the city at Sundarayya Vignana Kendra, Baghlingampally on Thursday at 10.30 am

Disclosing this in a press note, issued in the city today, the members of the association said Mr KS Sudhakara Rao. The Field General Manager of Indian Bank will deliver the keynote address. It will be graced by Sri S. M Deshpande, President of All India Bank Retirees' Federation as Chief Guest. The founder of Loksatta, and a former bureaucrat. Dr Jayaprakash Narayan will be the Guest of Honour.

Other office bearers such as Sri A. Rajendra Prasad, President of Telangana Bank Retirees Federation; Sri R. Laxman Rao, Telangana General Secretary and Sri A Yella Rao, Andhra Pradesh General Secretary will also grace.

Over 500 members are expected to attend the meeting. The meeting is held once every two years. The chapter has 1200 members. The average age of the members is 68 years. It was founded in the year 2001..


All India Bank Retirees Federation is a National Body comprising all the Banks and has 2.5 lakh people as its members.

Before the meeting, a Human Chain of 300 plus Retirees will be held at 9 am at the park near Sundarayya Vignana Kendram to highlight their long-pending demand, the updation of pension. The bank retirees have been hopeful of getting some favorable orders for their pension updation, which is lingering for three decades. The retirees inform that the updating pension should be on the lines of the same given in the Reserve Bank Pension Scheme. Though the Reserve Bank of India has permitted the updation of pensions for their employees, the bank pensioners have been drawing their pensions without any revision for the past three decades. Even the LIC also permitted the updation of pensions for their employees. And why not other bank employees! - the retirees' question. And they wanted it to be acted upon immediately. The past retirees are drawing a pittance as a pension. Persons retired as General Managers, in the past, are drawing less pension than a clerk who is retiring, now, on account of non-revision of pension, the retirees felt.

The Indian Banks' Association has not recognized any of these Retirees' Association and there is nobody to represent them in negotiations. Employees' Unions represent only working staff and they have their issues to discuss and settle.

In a rare gesture, the Indian Banks Retirees' Association also plans to felicitate "Funeral Workers" on the occasion in recognition of their yeoman services during the first and second spell of the corona. It was those who provided the last rites of the people even though their family members left them out of fear. These workers organized and managed the details of a ceremony honouring a deceased person. They performed funeral rites of hundreds of dead bodies. They have risked their life. Mr Shanthi Kumar, In-charge of Bansilalpet Crematorium and three workers Kashi, Baba and Sreenu are invited to the meeting. They will be felicitated with a shawl and also a small token of financial help (in the form of cash) will also be extended

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