Bank employees' unions call for restoration of old pension scheme

Submit charter of demand for wage revision as part of 12th bipartite settlement

Bank employees’ unions have called for the restoration of the old pension scheme for employees who joined after 2007 as part of their charter of demands for the 12th bipartite settlement for revision of wages and service conditions that will be in effect for five years from November 1.

The move comes after some of the non-Bharatiya Janata Party-ruled states decided to restore the old pension scheme, with the Aam Aadmi Party (AAP) government in Punjab the latest one to approve the restoration of the scheme for state government employees.

In the charter submitted to the Indian Banks’ Association –