Circular No UCO Ban循环不合众银行.docVIP

UCO BANK Personnel Services Department, DD-3 4, Sector-I, Salt Lake City, Kolkata-700064. CIRCULAR NO: CHO/POS/23 /2012-13 Dated- 01/01/2013 TO ALL BRANCHES OFFICES IN INDIA Sub : One more option for Pension to officers who were in service prior to 29th September 1995 and retired voluntarily under Regulation 19(1) of OSR before 27th April 2010 and could not opt for pension earlier and now may opt for Pension in terms of decision of IBA in view of industry–level settlement /understanding arrived at on 27th April 2010 between Associations /Unions and IBA GIST One more option for pension, in lieu of contributory provident Fund, is extended to officer employees voluntarily retired in view of IBA/Government decision in appreciation of industry level settlement/ understanding reached between IBA and various unions and associations All those officer employees in service prior to 29th September 1995 and voluntarily retired before 27th April 2010 under Regulation 19(1) of Officers Service Regulation but did not opt for pension earlier are now eligible to opt for Pension Eligible family members of those Officer employees who were in service prior to 29th September 1995 and could not opt for pension and retired voluntarily before 27th April 2010 under Regulation 19(1) of Officers’ Service Regulation and subsequently expired, can also opt for family pension 30% of the additional cost of pension as codified in settlement/ joint note shall have to be borne by the new optees/family of the deceased employees so willing to join the pension scheme now and they will have to refund 156% of the amount of Bank’s Contribution to Provident Fund, with accumulated interest, already received by the officer employee/family of the officer employee. All other conditi