The fact that despite nine rounds of talks, the Indian Banks’ Association and United Forum of Bank Unions could not reach a consensus is worrisome. The Government needs to intervene because the pending issues of bank retirees relating to pension updation and increase in family pension, among others, are nearly two decades old. There was some talk of wage revision way back in the 1960s. Since a majority of retirees have crossed the age of 70, these issues warrant urgent attention.
- CP Velayudhan Nair
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