INSUBCONTINENT EXCLUSIVE:
Kolkata: The government has directed the National Bank for Agriculture Rural Development (Nabard) to implement the long-awaited pension
scheme for 30,000-odd regional rural bank retirees, who have won a protracted legal battle demanding parity in pension with nationalised
bank employees in April this year.
The government has sent a communication to all regional rural bank chairmen and chief executives of their
dated August 16.
Retired RRB employees will get pension at par with their counterparts in nationalised banks with effect from April this
The Department of Financial Services has decided that employees, who were in service as on September 1, 1987, will be eligible for the
pension, while those who joined RRBs before April 1, 2018, will come under this scheme.
The Supreme Court has directed the government to
obviously beyond the time limit fixed by the court, and we still expect the issuance of final order or notification from the government or
National Federation of Regional Rural Bank Officers.
It has been decided that the pension burden will be borne by the respective RRBs from
their working expenses till structured pension funds are created as per the provision of the pension regulations.
