Anomaly in pension drawn by PSB bank retirees Pension to bank employees is paid in terms of Pension Regulations of the respective Public Sector Bank (PSB) and is not on the same model available in Central Government. The pension in Central Government is paid out of Budget provisions, whereas scheme in PSBs is a funded scheme for which corpus is created during the service … [Read more...] about Anomaly in pension drawn by PSB bank retirees
D.A. Increase! for Bank Employees and Pensioners D.A. Increase! D.A. Increase for Aug, Sep, Oct 2015: (On B.P.+Spl.Pay+Spl.Allowance+P.Q.P) 27 Slabs (2.70%) Total= 364 Slabs (36.4%) D.A Increase for Aug 2015 to Jan 2016 to Pensioners: 31 Slabs(3.10%) Total= 364 Slabs (36.4%) Those retired in 9th B.P.S.: Increase =4.65% Total=114.75% Indian Bank will disburse 10th B.P.S. Arrears … [Read more...] about D.A. Increase for Bank Employees and Pensioners
The most recent judgment delivered on 1/7/2015 on pension. Implications of SC judgment on pension Implications of the Supreme Court verdict in CIVIL APPEAL NO. 1123 OF 2015 [Arising out of SLP(C) NO. 321 OF 2015] Highlights The most recent judgment delivered on 1/7/2015 on pension. The judgment has been delivered by the Bench headed by Hon’ble Justice Deepak Misra who has d … [Read more...] about The most recent judgment delivered on 1/7/2015 on pension.
Govt may cap premature PF withdrawals at 75% The government is looking to cap premature provident fund withdrawals at 75 per cent for EPFO subscribers at any given time till the age of 58. Under the existing provisions, Employees Provident Fund Organisation (EPFO) subscribers can withdraw the entire amount by showing not employed anywhere for two months. The proposal … [Read more...] about Govt may cap premature PF withdrawals at 75%