Introduction:
AIRBIOPF is deeply concerned about the inadequate pension benefits presently received by super senior pensioners of the Reserve Bank of India (RBI). Despite their years of dedicated service to the nation, these senior citizens are not receiving the support they deserve in their golden years.
Problems of RBI Pensioners:
The existing pension policy for RBI retirees falls short of providing adequate financial security, especially for those above 80 years of age. While the RBI’s pension regulations refer to Central Civil Services (CCS) rules, the benefits enjoyed by Central Government retirees, like enhanced pensions for senior citizens, are not being extended to RBI retirees.
Our Demands:
To resolve this disparity, AIRBIOPF is pleading for the enhanced pension rates for retired RBI employees since 2019 as under:
Additional Pension Rates :
- 80 to less than 85 years: 20% of the basic pension/compassionate allowance
- 85 to less than 90 years: 30% of the basic pension/compassionate allowance
- 90 to less than 95 years: 40% of the basic pension/compassionate allowance
- 95 to less than 100 years: 50% of the basic pension/compassionate allowance
- 100 years or more: 100% of the basic pension/compassionate allowance
These proposed rates align with the compassionate approach adopted by the Government of India for its own employees and aim to provide much-needed financial support to our elderly members.
Actions forced upon us:
We have repeatedly appealed to the RBI Governor and the Finance Secretary to solve this issue and guarantee parity with Central Government employees. Yet, our appeals have not been met with a satisfactory response. Meanwhile, PM has approved the 8th Central Pay Commission for all Central Government employees and pensioners.
PM @narendramodi Ji has approved the 8th Central Pay Commission for all Central Government employees. pic.twitter.com/4jl9Q5gFka
— Ashwini Vaishnaw (@AshwiniVaishnaw) January 16, 2025
Considering the above, we thought it fit to intensify our efforts and have written to the Prime Minister and the Finance Minister, formally requesting their intervention in this matter.
Copy of Letter to PM/FM
Call to Action:
We urge all retired RBI employees and their families to join us in this plea for fairness. Please share this blog post all over the social media and spread awareness about this critical issue.
- “Share this post with your friends!”
- “Help us spread the word!”
- “Share on social media!”
We must bring this matter to the attention of the authorities and secure the enhanced pension benefits that our senior citizens rightfully deserve.
Conclusion:
The well-being of our retired colleagues is of utmost importance. We will continue to support tirelessly for their rights and work towards a just and fair pension system for all retired RBI employees.
Important Update:
"We are pleased to inform you that our letter to the Hon'ble Finance Minister has been acknowledged and referred to the concerned department for further action. We will continue to keep you updated on the progress of this matter."
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