Sunday, March 28, 2010

IBA directs banks to implement New pension scheme w.e.f 1st April 2010

While all Bankmen/Retirees are anxiously awaiting to see the Final Settlement as per MOU dt.27.11.09 , IBA has directed all Banks to implement New Pension Scheme, w.e.f 01.04.10 to recruits join after the above dates. AIBOC has issued  circular  advising  their affiliates to protest strongly if the Managements of the Banks come forth with an agenda in the Board Meeting for introduction of the New Pension Scheme before signing a regular settlement on Pension Issue and such agenda should be got deferred  by employee representatives on the Boards
  AIBOC has also written a letter requesting IBA  to issue revised  instructions to the banks regarding this issue. For detailed cicular click on the link below.
AIBOC circular  

1 comment:

  1. I would rather wait and watch before rushing to invest in this scheme. Lot many times, the original idea may be good but in implementation they find lot of difficulties. We have to see how the players play this out.

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