In an important development, Hon'ble Orissa High Court has stayed the operation of relevant clause of Pension Settlement dated 27.04.2010 vide which retired bank employees are required to contribute 56% amount.
The writ has been filed by Shri Parsuram Mohanty, a retired Scale II Officer from United Bank of India who superannuated on 31.10.2009. Shri Mohanty has challenged the bank's Circular vide which retired employees are required to make payment of additional 56% of CPF before the Orissa High Court.
The Honble. Court Pleased to pass an order to stay payment of 56 % and issue notice to Bank. The order was passed on 21.09.2010. Next date of hearing is 26.11.2010.
Here is copy of the Order.
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The latest position of the case posted to 26-11-2010 may be furnished to the readers
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