RBI employees stage protests on pension issue

Central bank has been trying to update the pension drawn by its retirees but govt remains non-committal

Reserve Bank of India (RBI) employees and officers, including retirees, held rallies in all offices of the central bank on Thursday, demanding pensions be updated and a fresh option to join the pension scheme in lieu of the contributory provident fund (CPF) scheme.

The pension of retired employees of the central bank continues to get 50 per cent of the last pay drawn, whereas the pension for central government employees get periodically revised with every pay commission-recommended wage revision, said a statement from the All India Reserve Bank Employees Association. 

The central board of the RBI has been trying for the past