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The All Kerala Bank Retirees Forum has urged the Ministry of Finance to update basic pension and substantially increase family pension in accordance with the Bank Employees Pension Regulation.
Whenever a demand for updating pension and improving family pension was raised , the Indian Banks Association (IBA) and the Ministry of Finance argued that any tilt in the pension scheme would adversely affect the pension corpus fund.
However, figures collected relating to retirements from banks during the next five years from March 31, 2019, showed that the cost of pension would be drastically reduced, said K.T. Babu, vice president of the forum.
He said the employees who had joined service from April 1, 2010, were out of the ambit of pension regulations of 1995 as they were covered by the National Pension System (NPS).
https://www.thehindu.com/news/cities/kozhikode/bank-retirees-demand-basic-pension-update/article30506139.ece
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Register Online for Graduates MLC. Here is the link: https://ceotserms1.telangana.gov.in/MLC/form18.aspx The All Kerala Bank Retirees Forum has urged the Ministry of Finance to update basic pension and substantially increase family pension in accordance with the Bank Employees Pension Regulation. Whenever a demand for updating pension and improving family pension was raised , the Indian Banks Association (IBA) and the Ministry of Finance argued that any tilt in the pension scheme would adversely affect the pension corpus fund. However, figures collected relating to retirements from banks during the next five years from March 31, 2019, showed that the cost of pension would be drastically reduced, said K.T. Babu, vice president of the forum. He said the employees who had joined service from April 1, 2010, were out of the ambit of pension regulations of 1995 as they were covered by the National Pension System (NPS). https://www.thehindu.com/news/cities/kozhikode/bank-retirees-demand-basic-pension-update/article30506139.ece
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