The employees of Reserve Bank of India (RBI) have decided to go on a one-day nation-wide strike on February 20 seeking restoration of updated pension scheme and other issues.
The main reason for the strike is an internal circular issued by the bank at the request of the finance ministry to withdraw an updated pension scheme to pre-November 1997 retirees.
There was a drastic reduction in pension of retired RBI employees in relation to that drawn by the government retirees of comparable levels, All India Reserve Bank Employee Association Secretary K K Sharma said.
He said that all employees from the rank of chief general manager to a class IV group would participate in the strike that is likely to affect the clearing operations.
The central bank’s employees went on a nation-wide strike last year in October, over a similar issue.