Corrigendum of Anomaly in computation of Pension

Corrigendum of Anomaly in computation of Pension

Corrigendum of Anomaly in computation of Pension

anomaly-in-computation-in-pension



No.HR&IR/2018-19/G2/4829

April 6, 2018

Chief Executives of Member Banks which

Are parties to the 7th Bipartite Settlement

Dear Sir/Madam,

CORRIGENDUM 
 
Anomaly in computation of Pension Civil Appeal No. 5525 of 2012, Filed in
the Hon,ble Supreme Court of India by Bank of Baroda & Ors. With other
Civil Appeals. 
Please refer to our circular No. HR&IR/2018-19/G2/4786 dated 3rd April
2018 on the captioned subject. 
2. There is a typographical error in the date mentioned in para (I) of the
above circular. Kindly read as under- 
“On 29-10-1993, a Bi-partite Settlement was signed at Industry level
between India Banks’ Association (representing member Banks) and Workmen
Unions (representing Workmen) under the provisions of Industrial Dispute
Act, 1947 for introduction of Pension as a second retiral benefit in lieu
of “Banks contribution to Provident fund”. On similar lines a Joint Note
dated 29-10-1993 between Indian Banks’ Association (representing member
Banks) and Officers Association (representing Officers) was signed”. 
Inconvenience caused is regretted.
Read also :  DoPT: NFSG in the Level-6 (erstwhile GP-4200) to Stenographers Grade'D' of CSSS - reg
Yours faithfully,
B Raj Kumar
Deputy Chief Executive

Source:
Click Here to View Circular

[http://www.iba.org.in/documents/Corrigendum666.pdf]

Click here to view SUPREME COURT JUDGEMENT


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