PNB ISSUE CIR ON OPTION ON PENSION TO RESIGNED EMPLOYEES

[MOHAN P]

PNB specifically mentioned years for eligibility for pension as 20 yrs.

[Kalyanasundaram Subramaniam]

I have submitted an application under RTI as attached. 

S Kalyanasundaram 

[SUMAN KUMAR Suman]

MOHAN  SIR,

I HAVE   ONE  DOUBT   IN   10  MONTH COLUMN    WHICH  PARTICULAR  TOBE   FILLED   RELIEVING  DATE 

MONTH   FOR   EXAMPLE  I AM  RELIEVED  ON 7TH  JULY   2006    DOES  I  HAVE   TO FILL  10TH  MONTH  FOR  7DAYS  SALARY  PARTICULARS  ARE  COMPLETED  MONTHS   PARTICULARS

PLEASE  CLARIFY

AS   MANY  RESIGNEES  RELIEVED  ON DIFFERENT  DATES

FOR   OUR  INFORMATION

PNB   PEOPLE  GIVEN  PAYSLIPS  EXEMPTION  LIKE IT

GOOD THING   THEY  MENTIONED

POSITIVE REPLY  AWAITED

On Tue, Apr 16, 2024 at 8:29 PM MOHAN P <moha...@gmail.com> wrote:

PNB specifically mentioned years for eligibility for pension as 20 yrs.

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suman.

[MOHAN P]

Mr.Suman,

Past 10 months average is salary is calculated prior to date of retirement ie;

7th July 2006

Full past 10 months salary from Sept'05  up to June'2006

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[Visvam Ambattur]

Dear Mr.Mohan

Thanks for your response to mr.Suman`s email. But, pnb form says <quote>"details of pay during last 10 months of service (including month of cessation (regulation 38)] quote> and the form has provisions for 10 months entry only.

From this it seems 10-month period ends with 7 July 2006 .

Could you please clarify this confusion.?

Thanks and regards,

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[SUMAN KUMAR Suman]

MOHAN  SIR

THANKS   FOR  CLARIFICATION

AND   PROMPT  REPLIES  TO ALL  MEMBERS   AS  IT  IS  USEFUL FOR  MANY  RESIFNEES

THANKS A LOT

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suman.

[Visvam Ambattur]

All,  

Is there any good pension calculator based on Pension Regulation 1995 and subsequent rules active as of date please?

Thanks a bunch in advance

Regards,

RamS 

[MOHAN P]

Mr Visvam,

Pension consists of two things mainly.ie: Basic Pension and applicable DR there on.DR too varies.

DR calculators are available here and elsewhere right now.However for arriving Basic Pension, individual retirees average last ten months Pay prior to retirement  is required.This varies from person to person.So a comprehensive pension calculator  may not be available to suit individual requirement.

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[Visvam Ambattur]

Dear Friends,

Did any resignee already receive PPO or aware of pension amount payable to him/her.  If so, please share details , including following aspects:

(1) is ex-gratia amount included.

(2) is addition of 5 years to qualifying service applied

(3) is 100% DA neutralization applied in case of pre-2002 resignees.

Thank you very much in advance,

RamS

[Arun Sharma]

Sir, 

I am of the opinion that Let the bank take care of it. You just submit your request with documents that are needed by the bank. 

Bank will figure out how much they will be paying you  pension benefit. AS far as I understand, there is no calculator to arrive at any number. It will all be based on your Basic pay and number of years of service.

I had 18 years of service when I resigned and may not be considered eligible for benefit to resignees. Initially , it was notified that employees with 10 years or over, who are otherwise eligible ,will be able to opt for pension benefits as decided, agreed and approved. Hopefully, our leaders can fight to address this anomaly and injustice.

[R Balaji]

You can make a formula each bipartite wise by paying DR for Re 1/- so that each Retiree can calculate their pension after arriving at basic pension 

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[Visvam Ambattur]

Dear Sharmaji,

First, thanks for your response Sharmaji.  In the light of broad scope of MOU, My concern is about the interpretations of the MOU based on Pension Regulation. 

That's why I want to see if all banks calculate basic pension, DR and exgratia amounts consistently as far as the provisions of the Regulation. I know actual amounts from person to person.

Thanks and regards,

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[Visvam Ambattur]

Thank you Mr Balaji..  I request you to more light on DR aspect you mentioned

Thanks and regards 

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[Visvam Ambattur]

Good luck to you Sharmaji. 

I know a resignee colleague who resigned after 17 years. 

Thanks,

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[Visvam Ambattur]

Re-sending with a request to share these high-level details when any resignee gets details/PPO.

Thanks in advance,

[Jaikumar Jain]

In Bank of Baroda pension option circular to retirees not issued so far, please advice if any knowledge.

Thx

Jaikumar Jain

Mobile 7383440687

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[Visvam Ambattur]

Dear Mr Pathak,

Namashkar.

Pension for resignees is a great achievement and your hard work is a blessing to resignees.

In your expert opinion, can you please share your thoughts on following benefits:

1.  Monthly exgratia payment to eligible resignees

2.  Addition of 5 years to qualified service for purpose of basic pension calculation for eligible resignees.

If my thinking is correct, some banks may be waiting for clarifications on these benefits from IBA.  

MOU / 12 BPS clearly mentioned the benefits that are excluded.  Logically speaking, all other benefits that retirees enjoy now should be included for resignee-pensioners.

If possible, please try to get clarifications so resignee-pensioners get the benefit without litigations and delay.

Thanks and regards,

On Fri, May 3, 2024, 5:17 AM Arun Sharma <917...@gmail.com> wrote:

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[R.K. Pathak]

Sir, I had already answered all your queries on WhatsApp to the extent of my limited knowledge.

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[Logu Kuppan]

Good morning sir,

Thank you for the information and your efforts for the benefit of our psb/private sector bank retirees/pensioners.

I am not receiving any messages for the last 4,5 days.

Kindly note to update and send 

Thanks 

By

LOGANATHAN K,

MANAGER (RETD)

CANARA BANK, CHENNAI 

On Fri, 3 May, 2024, 10:49 MOHAN P, <moha...@gmail.com> wrote:

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[MURALIDHARA E.V. EYUNNY]

S sir. Pl carify

Yahoo Mail: Search, organise, conquer

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