Second option of pension for VRS Optees under Bank's scheme and for resignees

AIBOC has addressed a letter to the Secretary, Department of Financial Services, Ministry of Finance, Government of India, highlighting therein the injustice meted out by IBA to the Officers who retired under Voluntary Retirement Scheme evolved by Public Sector Banks, Exit Option Scheme introduced by the Associate Banks and the officers who resigned from the service of the Bank after completing pensionable service of more than 20 years, etc., by denying another option to join the Pension Scheme. 

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AIBOC circular dated 26th Dec. 2011

UFBU takes up pensioners issues with Government

United Forum of Bank Unions (UFBU)  leaders met  Mr. D K Mittal, Secretary, Dept. of Financial Services, Ministry of Finance, Government of India and submitted  detailed memorandum to him in  the month of Nov. 2011.  They  have addressed a letter to him on 20-12-2011 as a follow up action. In that letter UFBU  has requested to take up pensioners' issues  also along with working employees' issues. The letter contains mention regarding  improvements in bank employees pension scheme on the lines of Government Scheme in matters like quantum of pension, updation, uniform DA formula, commutation formula, quantum of family pension.

Click here to view UBFU Circular