tag:blogger.com,1999:blog-2166768150897507516.post1588451322351781954..comments2023-10-29T14:32:48.801+05:30Comments on PAY COMMISSION: UBI issued circular - second option for pension.Shyamali Basuhttp://www.blogger.com/profile/11488319349456072604noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-2166768150897507516.post-14154200456508022322010-09-03T21:24:33.758+05:302010-09-03T21:24:33.758+05:30SEARCH FOR C N VENUGOPALAN>
A ONE MAN ARMY LIKE...SEARCH FOR C N VENUGOPALAN><br />A ONE MAN ARMY LIKE PERSONALITY<br />---------------<br />WE should search him where he is now. He can help the Bankers in relation to pension to bank employees. <br />Pl. contact and note the corrospondence on this blog.<br />Ashok goelashokhttps://www.blogger.com/profile/14461442735922821491noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-88131940975255040082010-09-03T21:19:57.473+05:302010-09-03T21:19:57.473+05:30Pension settlement in banks.
A letter was sent to...Pension settlement in banks.<br /><br />A letter was sent to Shri Arun Jaitley Leader of opposition Rajya Sabha over anomalies in the settlement. Reply is awaited.<br />ASHOK GOELashokhttps://www.blogger.com/profile/14461442735922821491noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-12412893498378686152010-09-03T21:16:37.752+05:302010-09-03T21:16:37.752+05:30BANK INDUTRY WISE SETTLEMENT
OVER PENSION
Though ...BANK INDUTRY WISE SETTLEMENT<br />OVER PENSION<br /> Though it was incumbant that the implementation should done simultaneously in all banks but all banks are issuing guidelines seperately on seperate dates. IBA should fix the same dates for all the banks.<br />ASHOK GOELashokhttps://www.blogger.com/profile/14461442735922821491noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-2557001201370007802010-08-26T21:37:10.069+05:302010-08-26T21:37:10.069+05:30Look at the way RJS has cleverly wriggled out of t...Look at the way RJS has cleverly wriggled out of the proposed strike of Sept.07.<br /><b>AIBOA in regard to the above developments decided to extend solidarity support to Central Trade Unions struggles and to participate in all programmes except the strike on 7.9.2010 which we are unable to participate because of inability of UFBU to persuade all unions to join the strike leaving it to respectiveRuntrailbloghttps://www.blogger.com/profile/07182041751452894482noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-45158628139389084312010-08-26T21:33:24.934+05:302010-08-26T21:33:24.934+05:30RJ Sreedharan plans to file a case against IBA as...RJ Sreedharan plans to file a case against IBA as per circular letter no. 15/V/2010 dt 25.08.2010 of AIBOA <br /><br />Four months after his betrayal of PF optees, RJS now wants to don the role of saviour of the VRS optees!! Everybody who had gone through the Great Betrayal called Pension Settlement had long ago realised that VRS optees and resignees have been carefully excluded from exercisingRuntrailbloghttps://www.blogger.com/profile/07182041751452894482noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-76973003864233764112010-08-26T10:21:31.467+05:302010-08-26T10:21:31.467+05:30Dear shri Abishekji, Your mother can opt for Pens...Dear shri Abishekji, Your mother can opt for Pension. she is eligible to get full pension for a period equal to the left over service of your father, subject to a maximum of seven years. Since your father demised in June 2006, basic pension will be arrived at on the basis of pre revised pay scale i.e. on the last ten months average pay. Full pension is calculated at 50% of average pay. Pay IYER CHANDHRAhttps://www.blogger.com/profile/17080991990823703609noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-46044992296069666022010-08-25T17:14:41.391+05:302010-08-25T17:14:41.391+05:30Referring Ramachandran-August 23, 2010 7:56 PM
It ...Referring Ramachandran-August 23, 2010 7:56 PM<br />It is good that atleast now some are keen fight for pension to those who resigned and PF optees. In 1995 also these category of employees were excluded from the peview of Pension option and those who resigned from 1986 were not given pension. So if such cases are to be taken up with IBA, it should be with effect from 1986 onwards so that atleastSHANKARhttps://www.blogger.com/profile/16503853687550964067noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-48294591206946270472010-08-25T13:55:31.911+05:302010-08-25T13:55:31.911+05:30I am sorry to ask a sort of sily question
but i m ...I am sorry to ask a sort of sily question<br />but i m new to banking terms<br />my father expired in jun 2006 and he dint opt for pension in the past. <br />My mother is planning to opt for a pension and as i understand we need to give bank's contribution to PF completely and 56% of own's PF contribution .<br />Once thats done can anybody help me with calcualtions as to wht pension my Abhishekhttps://www.blogger.com/profile/06444287492188720525noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-59346763565640696472010-08-25T11:41:01.820+05:302010-08-25T11:41:01.820+05:30AIBEA has given tools for pension sheet as per my ...AIBEA has given tools for pension sheet as per my particulars i posted my date of birth as 27-10-1948 it shows as completed years for commutation as 62 years and factor as 9.15 but where as i am completing 62 years on 27-10-2010 and factor should have been 9.48.Pl any body knows pl clarify my point as i will be loosing commutation amt.ThanksShridharhttps://www.blogger.com/profile/12249200218420103662noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-31384726089648234482010-08-24T08:54:41.727+05:302010-08-24T08:54:41.727+05:30Indian Bank issued circular immediately after thei...Indian Bank issued circular immediately after theie board meeting<br />which was given approval on 20-08-2010 and circular on 21st.See Bank of India which board meeting approved on 12-08-2010 but till date no circular is issued already it is too late because of legal hurdle and again bank is taking its own time to implement.<br />Another problem with the fitment of BP as i retired in scale III Unknownhttps://www.blogger.com/profile/13800151907950321819noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-33075656488323204182010-08-24T00:12:28.603+05:302010-08-24T00:12:28.603+05:30Ramachandran,
I fully agree with you regarding th...Ramachandran,<br /><br />I fully agree with you regarding the need for providing option to VR optees. I also do not understand the reason why IBA excluded the VR optees. <br /><br />From the responses in various other blogs and google groups (http://groups.google.co.in/group/bankpensioner), most banks have already started issuing the circular. Canara Bank has already issued it on 21/8/2010. Unknownhttps://www.blogger.com/profile/09582585172987128142noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-90442845636021873502010-08-23T19:56:11.987+05:302010-08-23T19:56:11.987+05:30@Ramachandra
Sir, are you from Canara Bank ? Whet...@Ramachandra<br /><br />Sir, are you from Canara Bank ? Whether you got full leave encashment and full PF on VRS ?. The Joint note on pension used only the word " retire" . But in IBA Circular it is retirement on superannuation. How the unions or associations allowed this circular to issue ? As before law and pension agreement of 1995 retirement means superannuation or voluntary Unknownhttps://www.blogger.com/profile/12743697605593115684noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-24350617631510856482010-08-23T17:00:50.149+05:302010-08-23T17:00:50.149+05:30Refer Mr.Ashok 23.8.2010. IBA in its circular has ...Refer Mr.Ashok 23.8.2010. IBA in its circular has clearly indicated vide point 12(of its communication to all Banks)that" Banks may consider setting of the commutation amount of the optees against the amount due<br />from him for joining the Pension Scheme". More over PNB has advised all its staff thru its circular that commutation amount would be arrived at at its HO as on 20/08/2010 (Vasuhttps://www.blogger.com/profile/04760309591269568740noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-57013853955472097922010-08-23T12:13:54.971+05:302010-08-23T12:13:54.971+05:30I believe Canara Bank is yet to issue the circular...I believe Canara Bank is yet to issue the circular. I was informed of this (no pension for VRS optees) when I contacted them (Pension cell) over phone. <br /><br />IBA circular also specifically excludes VRS optees! Somebody in this blog mentioned that UBI has since withdrawn the offer to VRS optees. If that is true, it is in line with the IBA circular. Does anybody has copy of the Unknownhttps://www.blogger.com/profile/09582585172987128142noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-30324261658046714022010-08-23T09:26:39.478+05:302010-08-23T09:26:39.478+05:30This comment has been removed by the author.ashokhttps://www.blogger.com/profile/14461442735922821491noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-79943955642021910962010-08-23T08:57:29.202+05:302010-08-23T08:57:29.202+05:30UBI CIRCULAR DOES NOT HAVE THE COLUMN "WHETHE...UBI CIRCULAR DOES NOT HAVE THE COLUMN "WHETHER WANT TO COMMUTE THE PENSION OR NOT"-<br />_____________________________<br />1. Without this information no netting will be possible.<br />2. Without this payment of pension will be delayed.<br />3. without this Commution amount will be shrinked day day.<br />4. All the unions immediately take up the matter with IBA. <br />5. The date of ashokhttps://www.blogger.com/profile/14461442735922821491noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-73307386865664443122010-08-22T21:15:17.978+05:302010-08-22T21:15:17.978+05:30@Agarwalji
That is another Ramachandra, not me po...@Agarwalji<br /><br />That is another Ramachandra, not me posted that Canara Bank has excluded VRS optees. I am Ramachandran, yet to get information or circular from Canara Bank, I am also searching the circular. If anybody from Canara Bank is there, please help us by pasting it here. Thank youUnknownhttps://www.blogger.com/profile/12743697605593115684noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-10980556704971538422010-08-22T18:41:45.067+05:302010-08-22T18:41:45.067+05:30Mr Ramchandran,
Can u paste the copy of canara ba...Mr Ramchandran,<br />Can u paste the copy of canara bank circular specifying that normal VRS to an employee accepted by them as per their service regulations is now denied of exercising pension option to him.<br />M.C.Agrawalmahesh agrawalhttps://www.blogger.com/profile/02244854243343317503noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-33332505229317992962010-08-22T12:51:31.313+05:302010-08-22T12:51:31.313+05:30In our bank(Vijaya Bank)I have seen that there is ...In our bank(Vijaya Bank)I have seen that there is no scope for VRS to PF optees so far. Those who have opted pension in 1995 are eligible to take VRS after completing 20 years of service or 55 years of age and they are eligible to get leave encashment of accumulated leave upto 240 days,pension and can keep housing loan of Rs 2 lakhs for 7 years after VRS.<br />Whereas in the case of PF o[ptees SHANKARhttps://www.blogger.com/profile/16503853687550964067noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-24255504838894705292010-08-22T11:50:56.664+05:302010-08-22T11:50:56.664+05:30can any body clear what u mean by retirement under...can any body clear what u mean by retirement under sec- 2(y) : 'retirement' means cessation from Bank's service -<br />(a) on attaining the age of superannuation specified in Service Regulations or Settlements;<br />(b) on voluntary retirement i<br />n accordance with provisions contained in regulation 29 of these regulations;<br />(c) on premature retirement by the Bank before mahesh agrawalhttps://www.blogger.com/profile/02244854243343317503noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-30962160264464976732010-08-22T11:09:05.556+05:302010-08-22T11:09:05.556+05:30Sri. Ramachandra says that Canara Bank has exclude...Sri. Ramachandra says that Canara Bank has excluded VRS optees from second option. If he or anybody having the Circular or Notification issued by Canara Bank, please publish in the site. United Bank of India Circular clearly includes VRS optees<br /><br />March 2010 VRS optee -Canara BankUnknownhttps://www.blogger.com/profile/12743697605593115684noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-62501962221686982422010-08-22T11:07:08.064+05:302010-08-22T11:07:08.064+05:30This comment has been removed by the author.Unknownhttps://www.blogger.com/profile/12743697605593115684noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-67020377538382352582010-08-22T05:23:40.855+05:302010-08-22T05:23:40.855+05:30The circular issued by IBA and by some the public ...The circular issued by IBA and by some the public sector banks, indicates that even voluntary retirees under normal scheme will not be eligible for 2nd pension option. Only officer / workmen employees, who opted for the voluntary retirement under special voluntary scheme after rendering of 15 years service will be elligible to exercise the pension option.Runtrailbloghttps://www.blogger.com/profile/07182041751452894482noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-25921593690076839152010-08-21T23:31:14.802+05:302010-08-21T23:31:14.802+05:30CAN ANY BODY INFORM THAT VRS OPTEE HAVE BEEN EXPRE...CAN ANY BODY INFORM THAT VRS OPTEE HAVE BEEN EXPRESSLY REFUSED TO EXERCISE SECOND OPTION FOR PENSION....IF SVRS ARE OFFERED OPTION, VRS PEOPLE ARE SURE TO GET..IF NOT BY IBA/BANK,THEN THRU COURT....LET EVERY VRS OPTEE OPT PENSION AND BE READY TO MOVE IN COURT OF LAW FOR RESTORATION OF THEIR FUNDAMENTAL RIGHT OF EQUALITY...OTHERWISE ALSO THE BANKS HAVE FAILED TO GIVE ANOTHER OPTION AFTER WITHDRAWLmahesh agrawalhttps://www.blogger.com/profile/02244854243343317503noreply@blogger.comtag:blogger.com,1999:blog-2166768150897507516.post-60274855702823343972010-08-21T17:09:55.716+05:302010-08-21T17:09:55.716+05:30I'm form UBI; understand that VRS optees have ...I'm form UBI; understand that VRS optees have been excluded subsequently.S.Patnaikhttps://www.blogger.com/profile/11178479679592753931noreply@blogger.com