VRS beneficiaries irked over pension delay

By Our Staff Reporter

THIRUVANANTHAPURAM, OCT. 12. The Bank Voluntarily Retired Staff Association has protested against the delay in the disbursal of pension and other retirement benefits to the employees who had opted for the Voluntary Retirement Scheme.

Addressing a press conference here today, the general secretary of the association, Mr. P. C. Rajendran, alleged that the State Bank of Travancore management had denied pension to several employees with service of 15 to 20 years. Though the Indian Banks Association had directed the banks to amend the pension rules, the SBT had not implemented it so far, he said.

The voluntary retirees had been denied the grace period of five years. As a result, there was a drastic fall in the pension amount, Mr. Rajendran said.

The Association would be holding a dharna in front of the State Bank of Travancore head office here on October 15 to press for their demands, he added.

The Association leaders, Mr. Mathew Paul and Mr. A. J. Kumeresh, attended the press conference.

Send this article to Friends by E-Mail

Section  : Southern States
Previous : Futures trading in coconut oil, copra soon
Next     : Canara Bank's staff reduction move flayed