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The All-India Bank Employees Association has sought support from its members and State federations to the demand of the Tamilnad Mercantile Bank Employees’ Union for parity in retirement age to 60 instead of the present 58 years.
“This Tuticorin-headquartered bank with a network of about 400 branches and 3,200-plus employees and officers, though a member of IBA, is not part of our industry-level bipartite settlement.
“While most of the common service conditions and pay-scales are being implemented by this old scheduled commercial bank, the retirement age of employees at TMB is 58 against 60 in all other banks in India. The management has not relented to our demand to increase the retirement age to 60,” said AIBEA General-Secretary CH Venkatachalam.
Citing the RBI’s relaxation in the retirement age of Managing Directors/CEOs of private banks up to 70 years, Venkatachalam said, “It is quite obnoxious that the retirement age of ordinary employees and officers is kept at 58 instead of 60 at TMB.”
To press their demand in retirement age relaxation, the AIBEA, besides urging all bank unions to write to the MD of TMB, has called upon the members of Tamilnadu Bank Employees Federation to hold a dharna and mass rally before the head office of TMB at Tuticorin on November 8.
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