The employees’ association of the Reserve Bank of India (RBI), including officers and employees, under the banner of the United Forum of Reserve Bank Officers and Employees have decided to go on strike on October 21, 2008.

Employees have alleged that the withdrawal of the update of pension is a retrograde step since it is totally contrary to the decision of the central government to shower updation benefits both in salary and superannuation to millions of its own employees.

The other demands included grant of family pension at the rate of 30 per cent without ceiling in line with the central government scheme, computation of pension at an enhanced rate and improvement in pension scheme and gratuity consequent upon the acceptance of the recommendations of the Sixth Pay Commission report.

Source: Business Standard