Can you tell me about the benefits provided for the members of Canara Bank Retired Officers’ Association?

Canara Bank Retired Officers’ Association (CBROA) was founded on 6th February 1996 with formation of Ad hoc Committee and was registered as a Trade Union on 18th March, 1996.

CBROA came into being after introduction of Pension Scheme in Banks to champion the cause of retired employees in Canara Bank. Ever since CBROA has been formed, it has been involving itself in ameliorating the grievances of retired employees, be it defending the harassed retired officers in disciplinary actions, helping in drafting suitable replies to the memos issued, extending financial assistance in the form of death relief, welfare measures, settlement of grievances regarding IBA Medical Insurance in co-ordination with Bank, TPA and Insurance Company.


Benefits

Canara Bank Retired Officers’ Association with the frontline support of Canara Bank Officers’ Association has been able to prevail upon Canara Bank to extend the following benefits:

a) Issue of Identity Cards to Retired Officers

b) Reimbursement of Medical Expenses

c) Waiver of Processing Charges

d) Issue of Identity Cards to SVRS optees

e) Extension of additional 1% interest on Retirees Deposits

f) Extension of Holiday Home facility

g) Permission to open Joint Account with spouse for Pension Account

h) Loan to Pensioners

i) Engaging retired officers as Inspecting Officers (Field), Inquiring Authority, Faculty Members, Recovery Agents, Direct Selling Agents (DSA), etc.

j) Reimbursement of Medical Expenses to family pensioners

k) Payment of additional ex-gratia to pensioners and family pensioners to the pre 01.01.1986 retirees.

l) Creation of structured bilateral forum for redressal of Pensioners’ Grievances at periodical intervals.