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Our Bureau

Thiruvananthapuram , March 20

Employees and officers of State Bank of India (SBI) throughout the country will go on an indefinite strike from April 3 in support of their demands related to pension benefits.

The demands include pension at 50 per cent of the last drawn salary; commutation on par with industry; index-linked dearness allowance on pension on par with industry; and upgradation of basic pension of all past retirees taking into account the current merger of index at 2,288 points.

Mr M. Sreenath, General Secretary of State Bank of India Officers Association, Kerala Circle, and Mr John Joseph, General Secretary of State Banks' Staff Union, said here on Monday that the pension ceiling was inadequate and the family pension had not been revised in the last 20 years.

More Stories on : Public Sector Banks | Trade & Labour Unions | Pension Plans | State Bank of India

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