Saturday, November 10, 2012

IBA extends pension option for "VRS Retirees"

Second Pension Option for VRS Retirees from Nationalised Banks.
Finally IBA has extended 2nd option to bankers who reired voluntarily from service. This option will be available to those who had taken Voluntary Retirement from the Bank's service on or after 29.6.1995 in case of nationalised Banks / 26.3.1996 in case of Associate Banks of SBI.
View the IBA Circular
Click Here to view the corrigendum released on 10.12.12

2 comments :

Mr.M.C.Agrawal said...

IBA has now agreed to 2nd Pension Option to left over bankers, but only those who were VRS optees.2nd pension option is not being extended to resignees/crs.It is a matter of concern that IBA has once again manipulated the guidelines issued by MoF and Court judgements that resignees/crs are still not eligible for 2nd Pension option.According to the judgement of Karnataka High court and Supreme Court in LIC case it is totally wrong on the part of the IBA to deny 2nd Pension option not only to VRS optees but also to resignees/other category of retirees like crs.The matter relate to Social security issues and the pension should be available to all irrespective of the exit mode after minimum required service period and I am sure that IBA will again be defeated in court of law because of refusal of pension option to resignees/CRS. We have to continue our fightagainst the injustice done by IBA.
M.C.Agrawal
Ex-Chief Manager
Syndicate Bank

kannaakannaa.arjunan@gmail.com said...

Members of this Blog are requested to upload the Circular issued / to be issued in the matter of second option to VRS Retirees for the benefit of other members.

K.Kannan

Contact Us

Viewers may share any information with the administrator in this email shyamali00@gmail.com
Any news, if approved, may be published in this blog under his /her name.

.................RECENT HEADLINES

Related Posts with Thumbnails

Blog Archive

Do You Know These?:

Bookmark This Page

Bookmark and Share
All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.