WHY PENSION FUND IS ALWAYS IN SHORTAGE?
1. VRS 2000 EFFECT:
USUALLY EMPLOYEES RETIRE ON 60YRS, AND GET COMPUTATION AND START GETTING PENSION.
TILL SUCH TIME BANK WILL CONTIBUTE TO PENSION FUND A CALCULATED AMOUNT FOR THESE EMPLOYEES.
WHAT HAPPENED IN 2000? BANKS ANNOUNCED A SCHEME WHERE AN EMPLOYEE CAN RESIGN
AND GET COMPENSATION, COMMPUTATION, AND PENSION.
EMPLOYEE MAY BE OF ANY AGE. THERE STARTS ALL THE PROBLEMS.
