BANK PENSION UPDATION- AIBPARC SECOND PHASE OF AGITATIONAL PROGRAMME / DEMO OF MEMORANDUM SUBMISSION…(read more)

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BANK PENSION UPDATION- AIBPARC SECOND PHASE OF AGITATIONAL PROGRAMME / DEMO OF MEMORANDUM SUBMISSION

The All India Bank Pensioners and Retirees Confederation (AIBPARC) recently announced the second phase of their agitational programme, as part of their long-standing demand for pension updation for retired bank employees. The confederation organized a demonstration of memorandum submission as part of their ongoing struggle for the rights and welfare of pensioners.

The issue of pension updation has been a long-standing concern for retired bank employees, who have been facing stagnant pension amounts that are insufficient to meet the rising cost of living. AIBPARC has been advocating for the government to revise and update the pension amounts for retired bank employees, in line with the recommendations of the Indian Banks’ Association (IBA) and the Reserve Bank of India (RBI).

The second phase of the agitational programme by AIBPARC aims to intensify the demand for pension updation and to bring the attention of the authorities to the plight of retired bank employees. The confederation has been organizing various forms of protests and demonstrations to highlight the issue and to garner support from the public and the government.

The recent demonstration of memorandum submission was a significant event in the ongoing struggle for pension updation. Retired bank employees from across the country gathered to submit a memorandum to the government, outlining their demands and the challenges they face as pensioners. The demonstration was a display of unity and determination among the pensioners, as they voiced their concerns and made a strong case for the long-overdue pension updation.

The AIBPARC has reiterated that pension updation is not just a matter of financial security for retired bank employees, but also a matter of dignity and respect for their years of dedicated service to the banking industry. The confederation has emphasized that pensioners deserve to live their retirement years in comfort and with the assurance of a decent livelihood, which can only be achieved through an updated and equitable pension system.

The second phase of the agitational programme by AIBPARC is a testament to the persistence and resilience of retired bank employees in their fight for pension updation. The confederation has vowed to continue their efforts until their demands are met and pension updation becomes a reality for all retired bank employees.

As the struggle for pension updation continues, AIBPARC calls for the support and solidarity of all stakeholders, including the government, the banking industry, and the public. It is imperative to recognize the invaluable contributions of retired bank employees and to ensure that they are provided with the financial security and stability they rightfully deserve in their retirement years. The confederation remains committed to their cause and will continue to pursue their demands until justice is served for retired bank employees.