Pension option to Bank Resignee with 10 years of service.

[R.K. Pathak]

Dear Sir,

The issue of pension option to bank employees having served for 10 years and above and below 20 years was taken up by the EX- MP of Rajya-Sabha . 

The reply given by the authority on 30/10/2024 is reproduced here below for information in the matter.

“Further, the subjected matter was taken up with the IBA which has informed that Regulation 28 to 33 of BEPR, 1995 deals with various classes of pension admissible to the Bank Employees. Regulation 28 (Superannuation Pension), Regulation 30 (Invalid Pension), Regulation 31(Compassionate Allowance), Regulation 32 (Premature Retirement Pension) and Regulation 33 (Compulsory Retirement Pension) relates to the employee exiting from the service due to superannuation or the bank exiting the services of the employee in its interest and only under Regulation 29 (Pension on Voluntary Retirement) employee opts to leave the bank by serving due notice, in which the qualifying service of 20 years has been stipulated for an employee to become eligible for pension. Accordingly, Banks have considered 20 years as the qualifying service for the resigned ex-employees / ex-officers”. 

It will be of great help to have your views to support the claim of these employees.

Thanks & Regards

Pathak R k

9373053695

[Ramani Konnayar]

I think, there is no way out other than to change/amend the relevant clause of the BEPR 1995 to make those resignees with 10 years of service eligible for pension. 

K N Ramani

--
Visit our blog site http:://bankpensioner.blogspot.com
---
You received this message because you are subscribed to the Google Groups "bankpensioner" group.
To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAKK4Yz5mRtNabaR38-gLQfURsbwAZ9qyevt0iaw4ie4PLRUeZw%40mail.gmail.com.

[Hardev Singh]

[Hardev Singh]

This letter can help for Resignees with 10 years of service  ?

On Monday, November 18, 2024 at 4:50:40 AM UTC-5 Ramani Konnayar wrote:

[SUMAN KUMAR Suman]

DEAR  FRIENDS

SABBATICAL LEAVE PERIOD   WILL  BE TAKEN   FOR SERVICE   FOR RESIGNEES   20 YEARS

To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/1ed83754-cdf5-4bd0-b189-884fb687ecefn%40googlegroups.com.

--

suman.

[SUMAN KUMAR Suman]

DEAR FRIENDS

SABBATICAL LEAVE OF 4YEAR  CAN BE  TAKEN AS  SERVICE WHEN ARRIVING  20YEARS  SERVICE

--

suman.

[Arun Sharma]

Hi 

Is there any progress or response on from Ministry of Finance on consideration of Pension to resignee Bank employees who had between 10 and 20 years of service?

I have a total of almost 18 years of service when I resigned as at that time I was not aware that pension eligibility will be 20 years. 

Please reply. Thanks 

Arun Sharma

To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAAcuBS9H%2BGx8U0%3Dkw0v%3D_5moGfGnKRV%2BqkJxDDS-kO1%3DOxS54A%40mail.gmail.com.

[MOHAN P]

Dear Mr Arun Sharma,

There are many resignees like you who have completed service of 10 years and below 20 years in banks.

Since the stipulation of service for pension to resigned employees  is 20 years right now unless the same is changed 

nothing may come out in favour of above category.

As of now this is the position. MOF/IBA has not found issued any communication in this regard changing the stipulation now.

Regards

Mohan.P

[Hardev Singh]

Attached letter if it can help.

Thanks

Hardev Singh

---

From: bankpe...@googlegroups.com <bankpe...@googlegroups.com> on behalf of MOHAN P <moha...@gmail.com>
Sent: Tuesday, May 12, 2026 1:21 AM
To: bankpensioner <bankpe...@googlegroups.com>
Subject: Re: bankpensioner Pension option to Bank Resignee with 10 years of service.

 

To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/f3995a24-7acf-4241-971a-f54974539e1dn%40googlegroups.com.