Though it is too late,let AIBRF meet and seriously discuss with leaders of employees Unions consistently to have meaningful follow up to sort out the the long pending issue with IBA first.FM /DFS has indicated the same several times in parliament or elsewhere.Explore the possibility of joint struggles with employees Unions till we achieve our major demand.
Unless a formula is evolved on updation of pension and an actuarial study on cost jointly with IBA with effective time bound discussions all other efforts taken /to be taken become just rituals.
Resolution of the issue is more pertinent!
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'We appeal to all retirees to remain united, alert, and ready for collective action to achieve long-pending pension justice.
We are approaching to the Department of Financial Services, Government of India, Indian Banks’ Association and Unions who are signatories of Bipartite Settlements to get the above issues examined by the committee of experts so as to ensure justice to 7 lakhs retirees on Updation. '