About 30,000 retired employees of the Reserve Bank of India (RBI) have increased their pensions by 13.56% after a four-year hiatus, an internal letter revealed.
About 30,000 retired employees of the Reserve Bank of India (RBI) have increased their pensions by 13.56% after a four-year hiatus, an internal letter revealed.
On Thursday, the government announced a decision to revise pensions for RBI employees who retired before 1 November 2017. The revised pension will take effect from June 2023.
On Thursday, the government announced a decision to revise pensions for RBI employees who retired before 1 November 2017. The revised pension will take effect from June 2023.
“The basic pension for pensioners who retired before November 1, 2017 will be revised to 1.63 times the current basic pension. ₹100 will be revised to Basic Pension. ₹After June 2023, there will be 163,” the letter written by the RBI’s Human Resources Director said.
“The basic pension for pensioners who retired before November 1, 2017 will be revised to 1.63 times the current basic pension. ₹100 will be revised to Basic Pension. ₹After June 2023, there will be 163,” the letter written by the RBI’s Human Resources Director said.
mint I have checked a copy of this letter.
mint I have checked a copy of this letter.
“Dear Relief, upon revision of the pensions, will be paid at the rate applicable to the CPI=6352 pay scale.”
“Dear Relief, upon revision of the pensions, will be paid at the rate applicable to the CPI=6352 pay scale.”
Current central bank officials are awaiting a salary hike for 2022-2027, and negotiations are expected to begin after the Bankers Association of India decides on a salary hike for bankers.
Current central bank officials are awaiting a salary hike for 2022-2027, and negotiations are expected to begin after the Bankers Association of India decides on a salary hike for bankers.
At the end of March, the Reserve Bank of India had 13,815 staff, comprising 6,858 Class I staff, 3,698 Class III staff and 3,259 Class IV staff.
At the end of March, the Reserve Bank of India had 13,815 staff, comprising 6,858 Class I staff, 3,698 Class III staff and 3,259 Class IV staff.
The last pension revision took place in 2019 and employees received a 10% increase in pension and Dearness Allowance (DA) at each of the three wage revisions in 2002, 2007 and 2012. After that, the pension was revised for the first time in 16 years. Retired employees protested the government’s negligence.
The last pension revision took place in 2019 and employees received a 10% increase in pension and Dearness Allowance (DA) at each of the three wage revisions in 2002, 2007 and 2012. After that, the pension was revised for the first time in 16 years. Retired employees protested the government’s negligence.
The pension scheme was first introduced in 1990 and since then RBI officials have undergone four pension revisions. Unlike banks, RBI has its own pension fund, in line with the central government pension plan, established from her RBI contributions that employees give up when choosing a pension plan.
The pension scheme was first introduced in 1990 and since then RBI officials have undergone four pension revisions. Unlike banks, RBI has its own pension fund, in line with the central government pension plan, established from her RBI contributions that employees give up when choosing a pension plan.
