SBHREA to strive for demands of bank retirees

Hyderabad: The newly elected first Managing Committee of SBHREA's (State Bank of Hyderabad Retirees Association) held a meeting in Hyderabad on Sunday. General secretary Rohini Rao reiterated that the association would strive to achieve the long-pending demands of the bank retirees.

During the meeting association to decision regarding updation of pension along with wage revision. They said the family pension is 15% for bank retirees whereas it is 50% for others. Medical expenses of retirees are not borne by banks and also free medicines are not being given. IBA sought a Group Medical Insurance Policy for bank employees and retirees. For serving employees banks pay the premium whereas retirees need to pay the premium from their pocket.

Banks are supposed to pay Retirees Medical Insurance premium from Employees Welfare Fund or reimburse the premium paid by retirees, Rohini Rao said. The meeting was presided over by the association president M Chakrapani. Other executive members A Ravinder, Uppu Sudhakar, P Rama Koteswara Rao, Laxma Reddy and other 14 Managing Committee members attended the meeting.