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ANOMALY IN COMPUTATION OF PENSION – IBA CIRCULAR

Anomaly in computation of Pension – IBA Circular 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. HR & INDUSTRIAL RELATIONS 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, 1...