Punjab National Bank: 1.11.2000 to 30.11.2000; Bank of
India: 15.11.2000 to 14.12.2000; Union Bank of India: 1.12.2000 to
31.12.2000; United Bank of India ... existing rules.
(ii)(a) Pension (including commuted value of pension) as per
PNB (Employees) Pension Regulations, 1995.
OR
(b) Bank’s contribution towards
Public Sector Banks.
Dear Sirs,
Voluntary Retirement Scheme in Public Sector Banks-Amendments To Bank,
(Employees') Pension Regulations, 1995.
Please refer to our circular ... State Bank of India employees are different. As far as
employees of State Bank of India are concerned, the Bank Employees' Pension
Regulations
substitutionary because the bank’s pension scheme did not provide
for dependents’ pension, nominees’ pension, childrens’ pension or
withdrawal benefits. This only provides ... other hand, is a
comprehensive pension scheme that provides superannuation
pension, early pension and dependents’ pension. It is funded by
diverting a part
pension and it covers superannuation
pension; pension on voluntary retirement; invalid pension compassionate
allowance, pre-mature retirement pension and compulsory retirement pension.
Regulation 34 which ... computation of pension in the case of invalid pension or pre-mature
retirement pension or compulsory retirement pension.
To sum up, the pension scheme embodied
pension
scheme available to the State Bank employees under the State
Bank of India Employees Pension Fund Rules (for short the
Rules). The learned Single ... pension fund from which alone pension is
disbursed. That being not the case, there is no
question of pensioners dividing the pension fund
which
held that the respondents were not eligible for pension
under the Pension Regulation, 1995 of the Bank of Baroda.
11. Subsequently, similar provisions of different ... Indian Banks Association advice
different Banks introduced Voluntary Retirement Scheme including the State
Bank of Patiala Voluntary Retirement Scheme, 2000 introduced by the Bank
Assistants in the Imperial Bank when the
undertaking of the Imperial Bank was transferred to the
State Bank of India, the appellant herein, under ... service of the Bank. The Bank,
however, relied on Rule 11 to withhold Bank's contribution
to the Pension Fund. The court
Bank to admit them to the benefit of pension fund and to pay pension.
The pension was denied to them on the ground that they ... Managements of the Banks
to add the military service to the service rendered in the Bank for the
purpose of pension. Such benefit was directed
This appeal by the State Bank of India (for short, the
'Bank' or 'State Bank') arises out of the judgment dated ... employees of the
Imperial Bank to the State Bank-
(1) "Every officer or other
employee of the Imperial Bank
(excepting the managing director
altered by the corresponding new bank.”
3. In 1974, the appellant framed a scheme titled ‘Allahabad Bank
Employees’ Pension Scheme (Old)’ (for short ... admitted to be entitled to pension under the Old
Pension Scheme of the year 1890 of the respondent Bank. The said
pension is sought
