5 YEAR NOTIONAL SERVICE TO VRS 2001 RETIREES

[Jose Tk]

Dear Friends,

Can anybody send a copy of  IBA letter  / circular No.CIR/HR&IR/76/L-43H/G2/2009-10/1134 dated 17.8.2009

 sent to all public sector banks to allow 5 year notional service to VRS 2000/2001 retirees  on the basis of SC judgement dated 27 March 2009.

Thanking you,

JOSE TK   ( VRS retiree from State Bank of Travancore)

[JSOMA SHEKARA]

Gist of circular

"As a consequence, the judgment of the Hon’ble Court in Civil Appeal No. 1942 of 2009 along with connected appeals will have to be implemented. The Banks concerned have to recalculate the pension payable to the petitioner employees by giving them the benefit of Regulation 29(5) of the Pension Regulations, and pay the difference between the revised pension payable and pension paid to them till date, and pay them the pension calculated by giving the benefit of Regulation 29(5) herea

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[JSOMA SHEKARA]

IBA circular attached

[Vinod Kumar Garg]

A copy of the said circular is attached.

[Surendra Singh Rathore]

Dear Sir,

I took SVRS and retired on 17.01.2001 after completing 17 years 3 months and 17 days. As per SVRS, an officer who has completed 15 years of service was eligible for retirement. But I have not given weightage of 5 years in addition to my completed service. Can anybody guide me, on whether I should get the benefit of 5 years addition?

Thanks and regards

Surendra Rathore (Ex PNB)

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