receive such pension including enhancement and family pension, if any, as may be determined by the Central Board of the Bank, pursuant to the settlement ... provisional pension may, at the discretion of the Trustees, be stopped. (17) (a) Commutation of pension.- An employee who retires from the Bank's service
banking institution under section 35 of the Act or in the event of amalgamation of any banking institution with the Bank under the Banking Regulation ... such members shall be eligible for pension in conformity with the rules, pension regulations of such banking institution by which they governed and under which
means the State Bank of India Act, 1955 ( 23 of 1955 ); (b) "Bank" means the State Bank of India; (c) "Board of Trustees" means ... been admitted to the membership of the Fund; (h) "Pension" means the Pension as computed under regulation 23; (i) "Salary" means the substantive or basic
India Employees Pension Fund Regulations, 2014
22. Minimum service for pension.
(1) A member shall be entitled to a pension under these regulations on retiring ... from the Bank's service- (a) after having completed twenty years' pensionable service provided that he has attained the age of fifty years
Section 8 in State Bank of India Employees Pension Fund Regulations, 2014
8. Denial of membership.
(1) Save as provided in regulation 25, no employee ... member of the Imperial Bank of India Employees' Pension and Guarantee Fund or if he is engaged in any country outside India and appointed
Section 27 in State Bank of India Employees Pension Fund Regulations, 2014
27. Saving Clause.
- All the actions taken and anything done under ... provisions of State Bank of India Employees' Pension Fund Rules-1955 shall remain valid and binding on the concerned parties. The supersession of the said
Section 5 in State Bank of India Employees Pension Fund Regulations, 2014
5. Committees of the Fund.
(1) The trustees may appoint any one from ... Bank, to exercise on behalf of the trustees all powers and discretions vested in the trustees in connection with sanctioning of pensions admissible under these
Pension Fund Regulations, 2014
21. Pensionable service.
(1) No period of leave granted without leave salary or of absence without leave shall count as pensionable ... suspension shall count as pensionable service only to such extent as the authority which reinstates him declares it to be pensionable at the time
Section 15 in State Bank of India Employees Pension Fund Regulations, 2014
15. Sanction of retirement.
- The retirement of all officers of the Bank shall ... Central Board and the retirement of all other employees of the Bank shall be subject to the sanction of the competent authority: Provided further that
Section 26 in State Bank of India Employees Pension Fund Regulations, 2014
26. Undertaking from the employee.
- Every employee when joining the Fund shall subscribe ... have read and understood the regulations of the State Bank of India Employees' Pension Fund and I hereby subscribe and agree to be bound
