Retired IOB staff discuss pensioners’ welfare issues

Vijayawada: The Association of Retired IOB Employees (ARISE), Vijayawada Region, organised a get-together on Wednesday, bringing together around 55 retired employees from Vijayawada, Guntur, Tenali, Chirala and Eluru to discuss pensioners’ welfare and issues affecting retirees.

Kommuru Nagaiah, retired Deputy General Manager of Indian Overseas Bank (IOB) and chief guest, assured the association of his continued support in resolving pensioners’ grievances.

Kodali Balagangadhara Tilak, national deputy general secretary of the All India Bank Pensioners’ and Retirees’ Confederation (AIBPARC), highlighted key demands, including pension updation under Regulation 35(1), inclusion of special allowance in gratuity and basic pension calculations for eligible retirees, stagnation increments for eligible Scale V officers who retired between November 1, 2017, and October 31, 2020, with monetary benefits from November 1, 2020, and consultative status for apex-level pensioners’ organisations.

Kondaviti Venkateswara Rao, Assistant General Secretary of ARISE, explained the cashless medical facility and reimbursement procedures under the IBA group medical insurance scheme. He advised members to renew their policies for 2026–27 before the October 23 deadline and cautioned them against cyber fraud and digital arrest scams.

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The Hans India