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[Cites 0, Cited by 0] [Section 3] [Entire Act]

Union of India - Subsection

Section 3(4) in United Bank of India (Employees') Pension Regulations, 1995

(4)
(a)join the service of the bank on or after the notified date and up to 31.3.2010.
(b)The provisions of Bank Employees' Pension Regulations, 1995 shall not be applicable to those who join the services of the bank on or after 1.4.2010.
(c)Employees joining the service of the bank on or after 01.04.2010 shall be eligible for the Defined Contributory Pension Scheme, the bank will be formulating for them. The Scheme shall be regulated and administered by the Pension Fund Regulatory and Development Authority (PFRDA).
(d)The officers joining the services of the Bank on or after 01.04.2010 shall contribute 10 per cent of Pay and Dearness Allowance towards the Defined Contributory Pension Scheme and the bank shall make a matching contribution in respect of these employees.