Pension Fund & Updation

[Narayanan Venkateshwaran]

Why is it that DFS/IiBA are groaning to provide fund for updation, under one pretext or other? 

The fund itself is created out of money that was meant to be paid to retirees as banks contribution to CPF, a stauatory one This meant no bulk outflow from Banks'Coffers. .The regular credit to in service employees acctt is statuatory one. The banks have made some bulk credit for once in connection with hike for family pensioners. 

Do any one have details of t hat credit as well as relatively insignificant credits made after acturial audit every year. The same may please  be informed for readers benefit. 

After having committed for defined pension scheme with saddled  commitment, Banks  trying to maintain equilibrium position with touch me not attitude is belittlement for them

C V Narayanan

[MOHAN P]

Dear Shri Narayan Venkiteswaran

All details on pension fund and actuarial valuations in detail are provided in each bank's  Financial statements pertaining to   31st March of every year and you may get all particulars once go through the same.

The summarized position of Post-employment benefits and long term employee benefits recognized in the Profit & Loss Account 

and Balance Sheet as required in accordance with Accounting Standard – 15 are provided in FS of banks.

Regards

Mohan.P

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[Prasad C N]

Dear Shri Narayan Venkiteswaran,

We are enclosing extracts from the Annual Report of the State Bank of India for the year 2025–26.

It may be observed that during the last five years, SBI has made provisions towards pension liabilities amounting to ₹15,534.26 crore, ₹23,827.72 crore, ₹39,300.99 crore, ₹37,039.54 crore, and ₹42,073.18 crore respectively. The total provision made during this period aggregates to ₹1,57,765.69 crore.

Further, the balance available in the SBI Pension Fund as on 31.03.2026 stands at ₹2,09,727.45 crore.  The interest earned on investment is less than the amount of pension paid during the year.

In these circumstances, if there were indeed a surplus in the Pension Fund, would the Bank continue to make such substantial annual provisions towards pension liabilities? The figures disclosed in the Bank's own Annual Reports merit careful consideration.

Thanking you,

With warm regards,

C. N. Prasad

 

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[Narayanan Venkateshwaran]

 Dear sri Mohanji

Txs for info. It is difficult to get financial statements of all banks. I thought if someone had culled out details it will be helpful to have a birds eye view of all bank particulars at a glance. 

Regards

C V narayanan

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