It is now informed that the pension of the going to be privatized Public Sector Bank will also be depended on the bidder. It means all the Public Sector Banks which are going to be privatized may not ensure the pension for the retirees, ET reported. But the finance minister told that the interests of all sections including workers would be safeguarded.
“We obviously have to negotiate with those bidders to see that the workers’ interests are safeguarded, not just for today but also if the commitment is to ensure that their pensions will be paid, it will be definitely something which I will have to keep in mind… We will have to talk with everybody,” FM had said.
Also Read – Employees Will be Shifted to Other PSB Before Privatization
Now the question is what if not. Whether the pension for the employees will be paid and up to what period ? She also added that the government could hive off the non-performing loans of the two public sector banks that are to be selected for privatization and transfer some of their employees to other state-run lenders in a bid to make them attractive for buyers.
