Pension revision- Meeting with Governor

In a welcome development for RBI retirees—the All India Reserve Bank Employees Association (AIRBEA) has shared key insights by its circular about Pension revision following its meeting with the Hon’ble Governor on July 25, 2025.

Although the circular (No. 19/2025) covers a broad range of issues relating primarily to Class III employees, a matter of universal importance—the revision of pension—was addressed directly by the Governor during the discussion.

Highlights from the Meeting with the Governor

“We met the Governor around 4 P.M. He received us very cordially. We thanked him profusely for sparing us time despite his very busy schedule…

(3) On revision of Pension after recent wage settlement(s), he said that the issue had been referred to the Government of India.

(a) On senior pensioners of RBI (octogenarian and above) getting additional quanta of pension, like in the Government of India, he said let us proceed one after the other.”

The referral of pension revision to the Government of India ,as reported in circular, suggests that formal consideration has begun—an essential milestone in securing fair and timely updates for retired employees.

 Recognition for Senior Pensioners

The Governor also indicated a phased approach for addressing enhanced pension benefits for RBI’s senior retirees (age 80 and above), aligning with precedents set by Central Government schemes. This signals sensitivity to the needs of elderly pensioners and reinforces RBI’s commitment to inclusive welfare.

 For retirees:

• Momentum has picked up—the issue is no longer dormant.
• AIRBEA’s engagement with top RBI officials has ensured visibility of pension concerns.
• All categories of retirees—from Class III staff to senior officers—are implicitly covered under this scope.

Let us appreciate this positive movement while staying supportive of advocacy efforts that prioritize retiree welfare.

For further updates, please watch this space.