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

9^th 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