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A group of former chairmen and managing directors of National Bank for Agriculture and Rural Development (NABARD) wrote to Union Finance Minister Nirmala Sitharaman seeking resolution of their long-pending pension issues. Employees and retired employees of the organisation have been agitating for over 1.5 years seeking fulfilment of their demands.
The United Forum of Officers, Employees and Retired Employees of NABARD (UFOERN) says employees of NABARD, which was carved out of the RBI by replacing three of its departments to focus on agriculture and rural development in 1982, were getting all benefits on a par with RBI staff.
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Nabard s Serving, Retired Staff Stage Protest Over Pension Issues
Nabard was carved out of the Reserve Bank of India (RBI) in 1981, by replacing three of its departments Agricultural Credit Department (ACD), Rural Planning and Credit Department (RPCD) and Agricultural Refinance and Development Department (ARDC).
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Officers, employees and retired staff of Nabard on Monday staged a day long sit-in protest demanding resolution of their long-pending pension related issues, as per a statement. The protests were held at Nabard s head office in Mumbai and 30 regional offices across the country. The staff members of Nabard both serving and retired were protesting under the banner of the United Forum of Officers, Employees and Retirees of NABARD (UFOERN).
Nabard retired staff hold protests across country
February 22, 2021
Even after 40 years after its inception, the employees of the National Agricultural Bank for Rural Development (Nabard) complain of a pension anomaly that puts them in a disadvantageous position when compared to their peers in the Reserve Bank of India.
They compare their salaries, benefits and pension with that of the peers in the RBI because a large portion of its employees (3,000) were hired from the apex bank when the Nabard was conceived in 1981.
The pensions are not being revised on the implementation of new pay scale for the regular employees, keeping the pension slabs very low.
Dharna planned to seek resolution of long-pending pension-related issues thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.