FAMILY PENSION etc:
NOTE : As against the present Slab System, the family pension will be paid at the uniform rate of 30% of the pay of the deceased employee.
MAF SCHEME - ANNUAL HEALTH CHECK-UP :
The Bank has decided to enhance the amount for Annual Health Check-up for self/spouse as shown below:
NOTE : As the new rates are applicable with effect from 2012-13, the differential amount will be credited to the account of the retired employee/spouse concerned.
Our longstanding demand for updating the Family Pension has since been met. A Government Notification to this effect was published in the Gazette on January 13, 2013. The salient features are as indicated below:
NOTE : As against the present Slab System, the family pension will be paid at the uniform rate of 30% of the pay of the deceased employee.
No.
|
Item Considered and Granted
|
Earlier
|
Now
|
1
|
Minimum Family Pension
|
Rs.720
|
Rs.3,500
|
2
|
Minimum Compassionate Allowance
|
Rs.720
|
Rs.3,500
|
3
|
Maximum Amount of Family Pension
|
Rs.3,500
|
Rs.24,495
|
4
|
Minimum Qualifying Service for Pension
|
33 Years
|
20 Years
|
MAF SCHEME - ANNUAL HEALTH CHECK-UP :
The Bank has decided to enhance the amount for Annual Health Check-up for self/spouse as shown below:
No.
|
Cadre
|
Earlier
|
Now
|
1
|
Class IV
|
Rs.1,600
|
Rs.3,000
|
2
|
Class III
|
Rs.2,000
|
Rs.3,500
|
3
|
Class I (A, B & C)
|
Rs.2,400
|
Rs.4,500
|
4
|
Class I (D, E & F)
|
Rs.2,800
|
Rs.5,000
|
NOTE : As the new rates are applicable with effect from 2012-13, the differential amount will be credited to the account of the retired employee/spouse concerned.
20 years qualifying service for full pension
ReplyDeleteI am waiting for authentic details regarding the qualifying service for full pension. Perhaps the CO Circular. Let me see how soon I 'll be able to insert it. Thanks for the comment.
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