AIBEA's Circular on 28/2 meeting with IBA

[Ramani Konnayar]

In their circular dated 7/3/23, AIBEA has stated that IBA has agreed to provide, at the earliest, the details of cost involved in updating the pension of each BPS group upto the 11th BPS level and based on these negotiations would take place to cover as many groups as possible in the first instance with particular reference to the pre2002 group who are getting a comparatively lesser quantum of pension.  This is a pragmatic stand/approach which UFBU  had already decided to adopt in their internal meeting held on 15/12/2022. With this, we can hope for an early resolution of the issue.