RBI staff to go on strike on Feb 20 | india | Hindustan Times
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RBI staff to go on strike on Feb 20

india Updated: Feb 10, 2009 19:41 IST

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The Reserve Bank of India's employees would go on one-day nation-wide strike on February 20 to press for restoration of updated pension scheme and other issues.

The main reason for the strike is an internal circular issued by the bank at the behest of the Finance Ministry to withdraw an updated pension scheme to pre-November, 1997 retirees, said All India Reserve Bank Employee Association Secretary K K Sharma.

The circular announces a drastic reduction of pension to retired RBI employees in relation to that drawn by the government retirees of comparable levels, he said.

All the employees, he said, right from Chief General Manager rank to a class IV group would go on strike which is likely to affect clearing operations.

Last year in October, the employees of the central bank went on nation-wide strike over a similar issue.