PNB amends Pension Regulation -1995 on 28/06/2024

[R.K. Pathak]

Dear Sir/s,

I have come across the copy of Gazette notification of PNB dated 28/06/2024 & could not ascertain its impact and utility. My views are as under:-

22. Forfeiture of service: - [ As published in BEPR- 1995]

(1) Resignation or dismissal or removal or termination of an employee from the service of the Bank shall entail for forfeiture of his entire past service and consequently shall not qualify for pensionary benefits;

 

1. (1) These regulations may be called the Punjab National Bank (Employees’) Pension (Amendment) Regulations, 2024.

(2) They shall come into force on the date of their publication in the Official Gazette. [28 June 2024]

3. In regulation 22 of the said regulations, in sub-regulation (1), the following proviso shall be inserted, namely: —

“Provided that the removal of an employee, who is employed in the service of the Bank as a workman on full time work on permanent basis or on part-time work on permanent basis on scale wages, shall not entail for forfeiture of his entire past service and shall qualify for pensionary benefits.”.

 

According to this notification the employee [ Only Workmen] is entitled for pension on removal from service and only if such removal is after 28/06/2024.

Pension regulation is uniform for officers and award staff as stated in Regulation 2 [n] of BEPR-1995.

2-n) "employee" means any person employed in the service of the Bank, whether as a workman on full time work on permanent basis or on part-time work on permanent basis on scale wages or as an officer and who opts and is governed by these regulations, but does not include a person employed either on contract basis or daily wage basis or on consolidated wages;

 

In view of the above definition of employee reflected in 2[n], whether the amendment carried out by PNB on 28/06/2024 without amending regulation 2[n] is proper?

 

Regulation 31 of Bank Employees Pension Regulation 1995 states as under: -

 

31. Compassionate Allowance: -

(1) An employee, who is dismissed or removed or terminated from service, shall forfeit his pension:

Provided that the authority higher than the authority competent to dismiss or remove or terminate him from service may, if –

(i) such dismissal removal, or termination is on or after the day of November, 1993; and

(ii) the case is deserving of special consideration, sanction a compassionate allowance not exceeding two-thirds of the pension which would have been admissible to him on the basis of the qualifying service rendered up to the date of his dismissal, removal or termination.

(2) The Compassionate Allowance sanctioned under the proviso to sub-regulation (1) shall not be less than the amount of minimum pension payable under regulation 36 of these regulations.

Pension regulation 31 provides for compassionate allowance for dismissed or removed or terminated employees BUT the amendment provides this benefit for “Removed” employees not other categories mentioned Regulation 22 OR 31?

 

Recently according to Bipartite Settlement / Joint note dated 08/03/2024 for which GOI has given approval for payment of Pension to Resignees [ One of the group mentioned in Regulation 22[1] of BEPR-1995] where banks have prescribed 20 years’ service whereas IBA in its communication to IBA in August-1999 prescribed eligibility of qualifying service for “Removed” employees is 10 years.

 

So the discrimination against Resignees still continued.  WHY?

Thanks & Regards

Pathak R K

9373053695

[unmesh bhatt]

Sorry message got shot off before completion.

As mentioned banks have realised this efforts and group to take up the issue.

I feel the matter should be taken up as you suggest to put our claim ( for all banks - since I feel individual banks would be time consuming or as you suggest).

Kindly guide for further action.

Thanks and regards,

Unmesh Bhatt 

Sent from my iPhone

On 3 Jul 2024, at 08:36, unmesh bhatt <unmesh...@gmail.com> wrote:

Dear Pathakji,

What do you suggest further? I feel banks have realised 

Sent from my iPhone

On 3 Jul 2024, at 08:27, R.K. Pathak <ratnaka...@gmail.com> wrote:



--
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 on the web visit https://groups.google.com/d/msgid/bankpensioner/CAKK4Yz7KU%2BnsHWdBPrHH5KeLb9j7Pv%3DfBCKs0H68fHZWoA-AXQ%40mail.gmail.com.

[unmesh bhatt]

Dear Pathakji,

What do you suggest further? I feel banks have realised 

Sent from my iPhone

On 3 Jul 2024, at 08:27, R.K. Pathak <ratnaka...@gmail.com> wrote:



Dear Sir/s,

--