Section 3(11) in United Bank of India (Employees') Pension Regulations, 1995
(11)were in the service of the Bank prior to 29th September 1995 and continue in the service of the bank as on 27th April 2010 provided such employee:(a)exercise an option in writing within sixty days from the date of offer to become a member of the pension fund; and(b)authorise the Trust of the Provident Fund of the Bank to transfer the entire contribution of the Bank along with interest accrued thereon to the credit of the pension fund besides contributing an amount equal to 2.8 times of the pay for the month of November 2007.
