Saturday, December 25, 2010

CLARIFICATION ON PENSION FOR EMPLOYEES DIED AFTER 27.04.2010

Here is the clarification received from IBA regarding Pension and Computation
for Bank employees who died after 27.04.2010.
Text of IBA Circular:
      HR & INDUSTRIAL RELATIONS
      No. CIR/HR & IR/G2/665/90/2010-11/2076                                                 December 21, 2010

Designated officers of banks which are parties to the
9th Bipartite Settlement /Joint Note dated 27.4.2010

Dear Sirs,
Pensionary benefits to employees who were in service of the banks as on 27.04.2010 and died thereafter