The Hindu Business Line : Govt clarifies on SBI pension pact

The Government has clarified that as per the agreement reached between the management of SBI with the All India State Bank Officers Federation and All India SBI Staff Federation on April 9, pension will be computed for the employees/officers of SBI at 50 per cent of the average pay up to Rs 21,040 plus professional qualification pay, if any and at 40 per cent above the average pay of Rs 21,040 with a minimum of Rs 10,520 on the revised pay scales prescribed in the VIII bipartite settlement.

More Stories on : Public Sector Banks | Social Security

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Oriental Bank raises Rs 500 cr

World Bank's changing role

Bajaj Allianz to modify 12 ULIPs to meet norms

Encouraging demand for SMERA's services

Yes Bank's debt finance

Govt clarifies on SBI pension pact

SBI gears up to clear backlog

StanChart sees growth in smaller cities

RBI auctions 2 G-Secs worth Rs 8,000 crore

Vijaya Bank hikes deposit rates

The long wait ends