| Madam,
It is to clarify once again that you are entitled to the benefit of addition of 5 years of service.
Please :
a. find out numbers of years of service taken into account, while calculating pension. If it is 20 years, then they have agreed that you have completed 20 years of service or else
b. they might have taken the period as 19 years. Then you are entitled to addition of 6 years.
Then send a letter to the enclosing a printout of the Supreme Court Judgement, in this regard, requesting them to refix the basic pension. If they still dodge, you do not have any other option but to approach the Court. In the meantime, please contact retirees' organisation of your branch.
Most of the
Banks, including SBM has treated the period more than 19 years & 183 days as 20 years and paid pension accordingly.
If it is useful to you, I am prepared to send a copy of the PPO, in respect of retiree like you. for reference
In the meantime, it is a NEWS FOR EVERY ONE. SBM BOARD HAS PASSED AMENDMENT TO PENSION REGULATIONS RELATING TO 'BROKEN PERIOD', THEREBY, THIS BENEFIT IS TAKEN AWAY FOR THOSE WHO RETIRE AFTER GAZETTE NOTIFICATION. Thanks, a Million.
With regards,
Prasad C N --- On Sun, 1/5/11, subbaramiah srinivasan <chin...@gmail.com> wrote:
From: subbaramiah srinivasan <chin...@gmail.com>
Subject: Re: bankpensioner 5 years notional addition for pension calculation.
To: bankpe...@googlegroups.com
Date: Sunday, 1 May, 2011, 5:51 PM
Hello Sir
The supreme court and now Karnataka High Court has clarified the applicability of sec 29(5) of Bank pension regulations to Vrs employees, stating that five years notional addition to their service to be added for calculation of pension, for all those who have a qualifying service of 20 years. But Bank of India which was a party in Supreme Court for this case says that 20 years qualifying service means that is 20 completed years not even one day less that is 240 completed months.
I am SN Hemalatha who took SVRS 2000 and got relieved from Bank 0n 15-01-2001 after completing 19 years 7 montha and 25 days service. I was an original pension optee of 1995 and the Bank fixed my pension from Jan 2001 itself taking my qualified service as 20 years without adding 5 years notional addition. They took pre 1997 scale for pension though new scales were implemented and ex gratia, leave encashment paid in new scales.and my pension was fixed to basic 1744 plus da 967.92 though it should have been higher as I was a graduate and I was drawing several allowances.
I represented to Bank to add 5 years notional addition based on court decisions and also based on Mr Prasad SBM who says all those with 19 years and 183 days service has to get the benifit of notional 5 years addition. Bank has sent a negative reply and is adamant and says you have not completed 20 full years.Supreme court says 20 years qualifying service Bank says for pension it is
20 years of qualifying service( that is 19 years 7 months and 25 days) but for notional addition it is 20 years of full service. Will any body clarify whether these two services are different. 240 x365 days and 235 monthsx365 days +25 days.Is there two words in Pension regulation as 20 completed years and 20 qualifying years?
Supreme court has dealt this broken period service case and says 6 months and 1 day to be taken as 1 year but who has to tell the managements. I understand only Canara Bank has accepted this stand and one of my friend who has similar service got this notional addtion.
I want friends to suggest next course of action on these.
SN HEMALATHA
To be eligible for addition of 5 years' notional service, a minimum of service of 20 years (at least more than 19 years and 6 months) is necessary, as I understand. The recent Judgement of Hon'ble Karnataka High Court is also attached, despite repetition.
=
On Sat, Apr 30, 2011 at 3:56 PM, Surendra Singh Rathore <ssrat...@gmail.com> wrote:
Dear Friends,
As per the pension regulation 29(5) 5 years notional service period is added to the actual service renders by a banker for pension calculation point.
Sir, at the time of SVRS 2000 the retirement age were reduced to minimum 15 years from 20 years for being eligible for pension under SVRS 2000. But the notional benefit of 5 years is not granted to the retirees between 15 to 20 years of service.
Please let me know if any body has any information in this regard.
Thanks.
S.S.Rathore
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