Resigned pension...

[NAAGESWARAN V K]

Any chance of those with service between 15 and below 20 years being considered for pension?

[Hardev Singh]

Sh. C N Prasad Ji pursuing this matter.

[NAAGESWARAN V K]

Thanks

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[Hardev Singh]

To   Sh. C N Prasad Ji and  Sh. R K Pathak Ji, please update of with service between 15 and below 20 years resigned being considered for pension.

Thanks 

Hardev Singh

On Sunday, December 22, 2024 at 11:25:59 PM UTC-5 NAAGESWARAN V K wrote:

[Sriramamoorthy Seethepalli]

Dear all,

I am 83 years old and a resignee with 18years 3 months confirmed service from SBI, and denied pension/proportionate pension. I have been in touch with Sri Pathak ji in this regard.

Request to advise me of any developments  in this regard  and oblige.

Regards,

Sincerely,

S.Srirama Murthy,

7989061906,mail; srira...@gmail.com

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[Arun Sharma]

Case of pension benefits to Bank employees who resigned with service between 15 and 20 years is not on any Agenda. There are a couple of hundred nationwide living bank employees still hoping that with the support of Association justice will be given to such bank employees who have been denied pension benefits. Only the Supreme Court or Ministry of Finance can help in their legitimate demand. 

To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAECOHc9AH9O5jwOL1OTzN6Lg7qNNuir_MVV6M%3Dm53_qZZP7Zug%40mail.gmail.com.

[Hemantkumar Gandhi]

Shri RK Pathakji 

I served UCO Bank for 25 years and resigned in 2018. I had opted for the pension scheme, yet my pension was denied. Please advise to me in this matter

Yours sincerely,

Hemantkumar Gandhi

To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAGdD0Kj--NKPVCV%3DNerT9pHrJTiYv1FK3i-s9DSC3cApxj5GUw%40mail.gmail.com.

[R.K. Pathak]

Please call me on 9373053695

To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAEaS_PUwV0GftBN-zaX7-tPFijq_fupfD9b_Lvg%2BAgS3qcYOWg%40mail.gmail.com.

[Arun Sharma]

Last year, Govt. of India, Ministry of finance directed all PSB's to provide pension benefits to all resignees who are otherwise eligible.As we all know,  In the Memorandum issued by Govt,  there was no mention of number of years of service for entitlement and eligibility. IBA arbitrary decided the criteria of 20 years of service as entitlement which was unfair to those who had served the banks between 10 and 20 years. AS per Pension rules as of 1-1-1986 the eligibility for pension benefits entitlement is ONLY 10 years of service. 

Only our Finance Minister or supreme court can give justice to these employees who have been denied their legitimate right. I hope someone is following up on this matter, 

Arun Sharma 

To view this discussion visit https://groups.google.com/d/msgid/bankpensioner/CAKK4Yz7Mh3avU%3DvyLq-14x9-HEcaUKkoONPM%2Bvx0r8XD_MqY7g%40mail.gmail.com.

[kalyanam rajagopal]

I am writing to clarify the regulatory framework regarding pension eligibility and payment dates for resigned former employees - AS AMENDED IN 2025

Under Regulation 2(wa) and Regulation 3(15), resigned former employees become statutorily eligible for the pension scheme upon providing an undertaking, refunding PF, and accepting the required terms. While these provisions determine eligibility, they do not dictate the pension start date.

Key regulatory points include:

  - Regulation 22 & 29: The insertion of the "no forfeiture" clause in Regulation 22 ensures that service of not less than 20 years qualifies as service for voluntary retirement under Regulation 29. However, such employees are not eligible for notional service.
  - Regulation 39: Family members of deceased resigned former employees are eligible for a family pension on par with retired employees due to the non-forfeiture of service.
  - Regulation 41: Resigned former employees defined in 2(wa) are explicitly excluded from commutation benefits.
  - Regulation 52: This regulation exclusively governs the payment date. The last proviso states that for those who opted to join the scheme on or after April 27, 2010, pension (including family pension) is payable with effect from November 27, 2009. This remains the standing provision as of the 2017 amendment.

While specific provisions were inserted to extend benefits (Reg 2(wa), 3(15), 22, and 29 & 39) or deny others (Reg 29(5) and 41), the payment date for those joining after April 27, 2010, remains governed by Regulation 52.

The Joint Note / settlement dated March 8, 2024, stipulates that pension payment is prospective, beginning the month following the receipt of BCPF. Payments have been processed accordingly.  This  specific provision was not inserted  under Reg 52

Kalyanam Rajagopal