Home India Chaitanya Godavari Grameena Bank In exercise of the powers conferred by Section 30 read with ...
Date: 06-Nov-2024 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by Section 30 read with sub section (1) of section 17 of the Regional Rural Banks Act, 1976 (21 of 1976) the Board of Directors of Chaitanya Godavari Grameena Bank,

Issued by Chaitanya Godavari Grameena Bank · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • This gazette notification announces amendments to the Chaitanya Godavari Grameena Bank (Employees’) Pension Regulations, 2018.
  • The amendments primarily aim to extend pension benefits to a broader range of employees who were in service between September 1, 1987, and March 31, 2010, and to their families.
  • It also addresses cases where employees did not initially opt for pension or did not refund the required amounts within the stipulated time.

Key Changes

  • The definition of 'appointed date' for pension eligibility is revised from April 1, 2018, to November 1, 1993.
  • Employees who served between September 1, 1987, and March 31, 2010, and who retired, were dismissed, removed or terminated before the date of this notification, can now opt for pension, provided they refund the full amount received from the bank's contribution to the provident fund and any periodic pension received under the Employees' Pension Scheme, 1995, within 15 days of the notification date. No interest is required on the refunded amount.
  • Employees who were in service between September 1, 1987, and March 31, 2010, and continue to be in service on or after the notification date, can opt for pension by transferring the bank's full contribution to the fund along with accrued interest within 15 days of the notification date and refunding any pension received under the Employees' Pension Scheme, 1995.
  • Employees who resigned after completing 20 years of service between September 1, 1987, and March 31, 2010, can also opt for pension by refunding the full amount received from the bank's contribution to the provident fund and any periodic pension received within 15 days of the notification date. No interest is required on the refunded amount.
  • Families of deceased employees who were covered under the above clauses are eligible for family pension if they refund the amounts received by the deceased employee within 30 days of the notification date. No interest is required on the refunded amount.
  • Employees who joined the bank on or after April 1, 2010, will be covered under the National Pension System.
  • There will be no forfeiture of service for employees who resigned after 20 years of service and are opting for pension under this amendment.
  • Employees who retired between September 1, 1987 and October 31, 1993 will be eligible for pension from the effective date of this amendment.
  • Families of deceased employees who were in service between September 1, 1987 and October 31, 1993 and died before October 31, 1993, are eligible for family pension from the effective date of this amendment.
  • Pension payments will begin from the date following the employee's retirement, resignation, or death, provided the refund or authorization for adjustment of dues is completed within the stipulated time under the amendment.
  • For those who did not opt for pension earlier or did not refund the money, pension or family pension will be payable from the date of refund or adjustment, or the date of retirement, resignation, or death, whichever is later.

Impact Analysis

Impact on Employees

  • Employees who joined on or after April 1, 2010, will be covered under the National Pension System, which is a different scheme.

Impact on Families of Employees

  • Families of deceased employees who were in service between September 1, 1987 and October 31, 1993 and died before October 31, 1993, are now eligible for family pension.

Impact on Chaitanya Godavari Grameena Bank

  • The bank will need to update its systems and procedures to accommodate the changes introduced by this amendment.

Suggested Action Items

  • The bank should ensure compliance with the timelines stipulated in the notification.

Key Entities Referenced

Chaitanya Godavari Grameena Bank: The regional rural bank whose employee pension regulations are being amended. Regional Rural Banks Act, 1976: The act under which the bank operates and which provides the legal basis for these regulations. Union Bank of India: The sponsor bank for Chaitanya Godavari Grameena Bank. National Bank for Agriculture and Rural Development (NABARD): A key stakeholder involved in the consultation process for these regulations. Employees’ Pension Scheme, 1995: The pension scheme under which the employees were previously covered, and which is being amended. Chaitanya Godavari Grameena Bank (Employees’) Pension Regulations, 2018: The original regulations being amended by this notification. National Pension System: The pension system that will cover employees who joined the bank on or after April 1, 2010.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-ए.पी.-अ.-07112024-258507 xxxGIDHxxx CG-AP-E-07112024-258507 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 904] नई ददल्ली, ब धवार, 6, 2024/कार्तकश 15, 1946 No. 904] NEW DELHI, WEDNESDAY, NOVEMBER 6, 2024/KARTIKA 15, 1946 चतै न्य गोदावरी ग्रामीण बकैं अजधसचू ना ग ंटूर ,9 अक् तूबर, , 2024 स.ं099/3/एस/4240 –– क्षेत्रीय ग्रामीण बैंक अजधजनयम, 1976 (1976 का 21वां) की धारा 17 की उपधारा (1) के साथ पठित धारा 30 द्वारा प्रदत्त िजियों का प्रयोग करत े हुए चैतन्य गोदावरी ग्रामीण बैंक का जनदेिक मंडल, प्रायोिक बैंक यूजनयन बैंक ऑफ इंजडया और राष्ट्रीय कृजि और ग्रामीण जवकास बैंक के साथ परामि श करन े के बाद और केंद्र सरकार की पूवश मंिूरी के साथ एतद्द्वारा चतै न्य गोदावरी ग्रामीण बैंक (कमशचारी) पेंिन जवजनयम, 2018 म ें संिोधन करन े के जलए जनम्नजलजखत जवजनयम बनाता ह,ै नामत: 1. (1) इन जवजनयमों को चैतन्य गोदावरी ग्रामीण बैंक (कमशचारी) पेंिन (संिोधन) जवजनयम, 2024 कहा िाएगा. (2) य ेजनयम रािपत्र म ें उनके प्रकािन की तारीख से लाग ूहोंगे. 2. चैतन्य गोदावरी ग्रामीण बैंक (कमशचारी) पेंिन जवजनयम, 2018 (इसके बाद इसे उक्त जवजनयम कहा िाएगा) के, जवजनयम 2 के, उप-जवजनयम (1) के, खडं (के) में, आंकड,े अकं और िब् द "अप्रलै , 2018 का पहला ददन" के स्ट्थान पर "नवंबर 1993 का पहला ददन" आंकड,े अंक और िब्द प्रजतस्ट्थ ाजपत दकए िाएगं े. 3. उक्त जवजनयमों म,ें जवजनयम 3 को जनम्न जलजखत जवजनयम स ेप्रजतस्ट्थाजपत दकया िाएगा, नामत:, - "3. अनप्र योग - (1) कोई भी कमशचारी िो - 7190 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] (क) 1 जसतंबर, 1987 और 31 माचश 2010 के मध् य बैंक की सेवा म ें था और चैतन्य गोदावरी ग्रामीण बैंक (कमशचारी) पेंिन (संिोधन) जवजनयम, 2024 की अजधसूचना की तारीख से पहले सेवाजनवृत्त या बखाशस्ट्त या हटा ददया गया या सेवा की समाजि कर दी गई और आजधकाठरक रािपत्र में चैतन्य गोदावरी ग्रामीण बैंक (कमशचारी) पेंिन (संिोधन) जवजनयम, 2024 की अजधसूचना की तारीख से पंद्रह ददनों के भीतर ठरफंड करता ह ै या जनजध का सदस्ट् य बनता ह ै और उसके द्वारा प्राि संपणू श अंजतम राजि (कमशचारी पिें न योिना, 1995 के तहत भजवष्य जनजध में बैंक का योगदान और राजि की प्राजि की तारीख तक उस पर अर्िशत ब्याि) को ठरफंड कर देता ह ै और कमशचारी पेंिन योिना, 1995 के तहत उसके द्वारा प्राि आवजधक पेंिन, यदद कोई हो, तो आजधकाठरक रािपत्र में चैतन्य गोदावरी ग्रामीण बैंक (कमशचारी) पेंिन (संिोधन) जवजनयम, 2024 की अजधसूचना की तारीख से पहल े दकसी भी अवजध के जलए आरोप्य, या अनारोप् य, दकसी भी जस्ट्थजत म,ें ऐसी राजियों की प्राजि की तारीख से ठरफंड की तारीख तक ऐसी राजियों पर ब्याि का भग तान करना अपेजक्षत नहीं होगा. बिते दक कोई कमशचारी जिससे इस खंड के अन सार राजि वापस करना अपेजक्षत है, बैंक द्वारा उसको देय राजि में स ेइन राजियों को समायोजित करने के जलए बैंक को प्राजधकृत कर सकता ह.ै और,बित े दक कोई कमशचारी िो उक्त जवजनयमों के तहत पिें न का जवकल्प च नने का पात्र था, लेदकन जनधाशठरत समय के भीतर उसन े पेंिन का जवकल्प नहीं चन ा या च ना ककंत जनधाशठरत समय के भीतर धन वापस नहीं दकया, तो उस कमशचारी को, कमशचारी पेंिन योिना, 1995 के तहत उसके द्वारा प्राि आवजधक पेंिन, यदद कोई हो, को वापस करने की आवश्यकता नहीं होगी. (ख) 1 जसतंबर, 1987 और 31 माच श 2010 के मध् य बैंक की सेवा म ें था और आजधकाठरक रािपत्र म ें चैतन्य गोदावरी ग्रामीण बैंक (कमशचारी) पेंिन (संिोधन) जवजनयम, 2024 की अजधसूचना की तारीख को या उसके बाद बैंक की सेवा म ें िारी रहता ह,ै और जनजध का एक सदस्ट्य होता ह ै या सदस्ट्य बनता ह ैऔर आजधकाठरक रािपत्र म ें चैतन्य गोदावरी ग्रामीण बैंक (कमशचारी) पिें न (संिोधन) जवजनयम, 2024 की अजधसूचना की तारीख स े पंद्रह ददनों के भीतर, जवजनयम 4 में गठित जनजध में बैंक के परू े योगदान को व उस पर अर्िशत ब्याि के साथ अतं ठरत कर िमा कर दते ा ह ैया करवाता ह ैतथा कमशचारी पेंिन योिना 1995 के तहत उसके द्वारा प्राि और आजधकाठरक रािपत्र म ें चैतन्य गोदावरी ग्रामीण बैंक (कमशचारी) पिें न (संिोधन) जवजनयम, 2024 की अजधसूचना की तारीख स े पहले दकसी भी अवजध के जलए आरोजपत पेंिन का भाग, यदद को ईहो, को वापस कर देता ह.ै (ग) 1 जसतंबर, 1987 और 31 माचश 2010 के मध् य बैंक की सेवा म ें था और अजधजनयम की धारा 23 ए की उप-धारा (3) के खंड (बी) के तहत जिसन े एक जवकल्प का प्रयोग दकया था या उक्त जवजनयमों की अजधसचू ना स े पहले इस्ट्तीफा दे ददया था, दोनों ही मामलों म,ें 20 साल की अहकश सेवा परू ी करने के बाद और उजचत नोठटस देकर, जनजध का सदस्ट्य बनता ह ैऔर आजधकाठरक रािपत्र म ें चतै न्य गोदावरी ग्रामीण बैंक (कमचश ारी) पेंिन (संिोधन) जवजनयम, 2024 की अजधसूचना की तारीख स े पंद्रह ददनों के भीतर, उसके द्वारा प्राि संपूणश अंजतम राजि (कमशचारी पेंिन योिना, 1995 के तहत व भजवष्य जनजध म ें बैंक का योगदान और राजि की प्राजि की तारीख तक उस पर अर्िशत ब्याि) को ठरफंड कर देता ह ै और कमशचारी पेंिन योिना, 1995 के तहत उसके द्वारा प्राि आवजधक पेंिन, यदद कोई हो, तो आजधकाठरक रािपत्र म ें चैतन्य गोदावरी ग्रामीण बैंक (कमशचारी) पिें न (संिोधन) जवजनयम, 2024 की अजधसूचना की तारीख स े पहले दकसी भी अवजध के जलए आरोप्य, या अनारोप् य, दकसी भी जस्ट्थजत में, ऐसी राजियों की प्राजि की तारीख स े ठरफंड की तारीख तक ऐसी राजियों पर ब्याि का भ गतान करना अपेजक्षत नहीं होगा. बिते दक एक कमशचारी,जिससे इस खडं के तहत राजि वापस करना अपेजक्षत ह,ै बैंक द्वारा उसको देय राजि में स ेइन राजियों को समायोजित करने के जलए बैंक को प्राजधकृत करसकता ह.ै (2) उप-जवजनयम (1) के खंड (क) और (ग) के तहत िाजमल दकया गया कमशचारी का पठरवार इन जवजनयमों के तहत पाठरवाठरक पेंिन का हकदार होगा, िब ऐस े ददवंगत कमचश ारी का पठरवार आजधकाठरक रािपत्र म ें चैतन्य गोदावरी ग्रामीण बैंक (कमशचारी) पिें न (संिोधन) जवजनयम, 2024 की अजधसूचना की तारीख स े तीस ददनों के भीतर, ददवंगत कमशचारी द्वारा या यथाजस्ट्थजत पठरवार द्वारा प्राि पूरी अंजतम राजि,कमशचारी पेंिन योिना, 1995 के तहत भजवष्य जनजध[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 म ें बैंक का योगदान और ददवंगत कमशचारी या यथाजस्ट्थजत ददवगं त कमशचारी के पठरवार द्वारा राजि की प्राजि की तारीख तक उस पर अर्िशत ब्याि और कमचश ारी पेंिन योिना के तहत कमशचारी या ददवंगत कमशचारी के पठरवार द्वारा प्राि पिें न या पाठरवाठरक पेंिन, यदद कोई हो, को ठरफंड कर ददया हो या ठरफंड करता हो, ककंत दोनों मामलों में प्राजि की तारीख स े वापसी की तारीख तक ब्याि का भ गतान करना अपेजक्षत नहीं होगा. बिते दक ददवंगत कमशचारीका पठरवार जिससे इस खडं के तहत राजि वापस करना अपेजक्षत ह,ै बैंक द्वारा उसको दये राजि म ेंसे इन राजियों को समायोजित करने के जलए बैंक को प्राजधकृत करसकता ह.ै (3) इस जवजनयम म ें दकसी बात के होते हुए भी, िो कमशचारी 1 अप्रलै , 2010 को या उसके बाद बैंक की सेवा म ें िाजमल हुआ ह,ै उसे राष्ट्रीय पिें न प्रणाली म ेंिाजमल दकया िाएगा. 4. उक्त जवजनयमों के जवजनयम 20 म,ें उप-जवजनयम (1) के पश्चात,् जनम्नजलजखत परंत क अतं ःस्ट्थाजपत दकया िाएगा, नामत: - "बिते दक जवजनयम 3 के उप-जवजनयम(1) केखंड (सी) के अंतगशत आने वाले कमशचाठरयों का सेवाकाल समपहृत नहीं होगा.” 5. उक्त जवजनयमों के जवजनयम 32 में जनम् नजलजखत जवजनयम को प्रजतस्ट्थाजपत दकया िाएगा, नामत: - "कजतपय कमशचाठरयों के संबंध म ें पेंिन या पाठरवाठरक पिें न का भ गतान, - (1) वे कमशचारी िो 1 जसतंबर 1987 और 31 अक्त ूबर 1993 के मध् य बैंक की सेवा स े सेवाजनवृत्त हुए ह,ैं व े प्रभावी तारीख स े पेंिन के जलए पात्र होंग.े (2) ददवंगत कमशचारी, िो 1 जसतंबर 1987 और 31 अक्त ूबर 1993 के मध् य सेवा म ें था और 31 अक्त ूबर 1993 स े पहल े उसकी मृत् य हो गई थी, उसका पठरवार प्रभावी तारीख स े पठरवाठरक पिें न के भ गतान के जलए पात्र होगा. 6. उक्त जवजनयमों के जवजनयम 50 में जनम् नजलजखत जवजनयम को प्रजतस्ट्थाजपत दकया िाएगा, नामत:- "जिस तारीख स ेपेंिन दये होती ह ै – (1) जिस कमशचारी पर जवजनयम 32 के उप-जवजनयम (1), जवजनयम 41 या 44 के उपबंध लागू होत े ह,ैं को छोडकर, चैतन्य गोदावरी ग्रामीण बैंक (कमशचारी) पेंिन (संिोधन) जवजनयम, 2024 के तहत जनधाशठरत समय के भीतर जवजनयम 3 के उप- जवजनयम (1) के तहत जनर्दशष् ट परू ी राजि को ठरफंड कर दने े या ठरफंड दकए िान े या समायोिन हते प्राजधकृत करन े पर,पाठरवाठरक पिें न को छोडकर, उस तारीख की अगली तारीख से पेिन देय हो िाएगी जिस तारीख को कोई कमशचारी सेवाजनवृत्त होता हयै ा, यथाजस्ट्थजत, पदत् याग करता ह ै या अजधजनयम की धारा 23 क की उपधारा (3) के खंड (ख) के तहत अंतठरती बैंक म ेंिाजमल होन े का जवकल्प नहीं चन ता ह.ै (2) जिस कमशचारी पर जवजनयम 32 के उप-जवजनयम (1), जवजनयम 41 या 44 के उपबंध लाग ू होत े ह,ैं को छोडकर, चतै न्य गोदावरी ग्रामीण बैंक (कमशचारी) पेंिन (संिोधन) जवजनयम, 2024 के तहत जनधाशठरत समय के भीतर जवजनयम 3 के उप- जवजनयम (2) के तहत जनर्दशष् ट पूरी राजि को ठरफंड कर देन े या ठरफंड दकए िान े या समायोिन हते प्राजधकृत करन े पर, उस तारीख की अगली तारीख स े पाठरवाठरक पेंिन देय हो िाएगी जिस तारीख को कमशचारी की मृत् य होती ह.ै (3) इन जवजनयमों म ें दकसी बात के होते हुए भी, दकसी कमशचारी या ददवंगत कमशचारी के पठरवार के मामल े म,ें िो उक्त जवजनयमों के तहत यथाजस्ट्थजत पेंिन या पाठरवाठरक पेंिन का जवकल् प च नन े के जलए पात्र था, उसने जवकल् प नहीं च ना या जवकल् प तो च ना ककंत पैसा ठरफंड नहीं दकया ककंत अब वह जवजनयमन (3) के उप-जवजनयम (1) के खडं (क) के तहत यथाजस्ट्थजत, ठरफंड करता ह ै या समायोिन हते प्राजधकृत करता ह ै तो वह जवजनयम 3 के उप-जवजनयम (2) के तहत चैतन्य गोदावरी ग्रामीण बैंक (कमशचारी) पेंिन (संिोधन) जवजनयम, 2024 की अजधसूचना पर या उसके बाद, उप-जवजनयम (1)4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] या जवजनयम 3 के खंड (ग) के तहत या जवजनयम 3 के उप-जवजनयम (2) के तहत सेवाजनवृजत्त या इस्ट्तीफे की तारीख या मृत्य, िो भी बाद म ें हो, से यथाजस्ट्थजत ठरफंड या समायोिन की तारीख स े यथाजस्ट्थजत पेंिन या पाठरवाठरक पेंिन के जलए पात्र होगा. के प्रमोद कुमार रेड्डी, अध्यक्ष [जवज्ञापन-III/4/असा./673/2024-25] नोट: मूल अजधसूचना स.ं 486 ददनांक 12 ददसम्बर, 2018 के भारत के रािपत्र, असाधारण, भाग III, खंड 4 के माध् यम स े प्रकाजित की गई थी. CHAITANYA GODAVARI GRAMEENA BANK NOTIFICATION Guntur, the 9th October, 2024. No. 099/3/S/4240.–– In exercise of the powers conferred by Section 30 read with sub-section (1) of section 17 of the Regional Rural Banks Act, 1976 (21 of 1976) the Board of Directors of Chaitanya Godavari Grameena Bank, after consultation with Union Bank of India being the Sponsor Bank, and the National Bank for Agriculture and Rural Development and with the previous sanction of the Central Government, hereby makes the following regulations to amend the Chaitanya Godavari Grameena Bank (Employees’) Pension Regulations, 2018, namely: 1. (1) THESE REGULATIONS MAY BE CALLED CHAITANYA GODAVARI GRAMEENA BANK (EMPLOYEES’) PENSION (AMENDMENT) REGULATIONS, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Chaitanya Godavari Grameena Bank (Employees’) Pension Regulations, 2018 (hereinafter referred to as the said regulations), in regulation 2, in sub-regulation (1), in clause (k), for the figures, letters and words “1st day of April, 2018”, the figures, letters and words “1st day of November, 1993” shall be substituted. 3. In regulation 3 of the said regulations, the following regulation shall be substituted, namely:- “3. Application.–(1) Any employee who – (a) was in the service of the Bank between the 1st September, 1987 and the 31st March, 2010 and retired or dismissed or removed or terminated from service before the date of notification of Chaitanya Godavari Grameena Bank (Employees’) Pension(Amendment) Regulations, 2024 and refunded or becomes a member of the Fund and refund within fifteen days from the date of notification of Chaitanya Godavari Grameena Bank (Employees’) Pension(Amendment) Regulations, 2024 in the Official Gazette, the entire final amounts received by him (the corpus comprising of Bank’s contribution to provident fund under the Employees’ Pension Scheme, 1995 and interest accrued thereon till the date of receipt by him of the amount) and the periodic pension, if any, received by him under the Employees’ Pension Scheme, 1995 attributable to any period before date of notification of Chaitanya Godavari Grameena Bank (Employees’) Pension(Amendment) Regulations, 2024 in the Official Gazette but without, in either case, requiring to pay interest on such amounts from the date of receipt of such amounts to the date of refund: Provided that an employee who is required to refund the amounts as per this clause may authorise the Bank to adjust these amounts from the amounts payable by the Bank to the employee: Provided further that an employee who was eligible to opt for pension under the said regulations but did not opt within the stipulated time or having opted not refunded the money within the stipulated time, the periodic pension, if any, received by him under the Employees’ Pension Scheme, 1995, need not be refunded. (b) was in the service of the Bank between the 1st September, 1987 and the 31st March, 2010 and continue to be in the service of the Bank on or after the date of notification of Chaitanya Godavari[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 5 Grameena Bank (Employees’) Pension(Amendment) Regulations, 2024 in the Official Gazette, and a member or becomes member of the Fund and caused or cause to transfer the entire contribution of the Bank along with the interest accrued thereon, within fifteen days from the date of notification of Chaitanya Godavari Grameena Bank (Employees’) Pension(Amendment) Regulations, 2024 in the Official Gazette, to the credit of the Fund constituted in regulation 4 and refund the portion of pension, if any, received by him under Employees’ Pension Scheme 1995, and attributable to any period before date of notification of Chaitanya Godavari Grameena Bank (Employees’) Pension(Amendment) Regulations, 2024 in the Official Gazette. (c) was in the service of the Bank between the 1st September, 1987 and the 31st March,2010 and exercised an option under clause (b) of sub-section (3) of section 23A of the Act or resigned before the notification of the said Regulations, in either case, after having completed twenty years of qualifying service and by giving proper notice, shall become member of the Fund and refund within fifteen days from the date of notification of Chaitanya Godavari Grameena Bank (Employees’) Pension(Amendment) Regulations, 2024 in the Official Gazette, the entire final amounts received by him (the corpus comprising of Bank’s contribution to provident fund under the Employees’ Pension Scheme, 1995 and interest accrued thereon till the date of receipt by him of the amount) and periodic pension, if any, received by him under the Employees’ Pension Scheme, 1995 attributable to any period before date of notification of Chaitanya Godavari Grameena Bank (Employees’) Pension(Amendment) Regulations, 2024 in the Official Gazette but without, in either case, requiring to pay interest on such amounts from the date of receipt of such amounts to the date of refund: Provided that an employee, who is required to refund the amounts, under this clause may authorise the Bank to adjust these amounts from the amounts payable by the Bank to the employee. (2) The family of the employee covered under clauses (a) and (c) of sub-regulation (1), shall be entitled to family pension under these regulations when the family of such deceased employee refunded or refunds within thirty days from the date of notification of Chaitanya Godavari Grameena Bank (Employees’) Pension(Amendment) Regulations, 2024 in the Official Gazette, the entire final amounts received by the deceased employee or as the case may be the family, the corpus comprising of Bank’s contribution to provident fund under the Employees’ Pension Scheme, 1995, and interest accrued thereon till the date of receipt of the amount by the deceased employee or, as the case may be, the family of a deceased employee and pension or family pension, if any, received by the employee or the family of the deceased employee under the Employees’ Pension Scheme, 1995, but in either case without requiring to pay interest from the date of receipt to the date of refund. Provided that a family of the deceased employee, who is required to refund the amounts under this clause may authorise the Bank to adjust these amounts from the amounts payable by the Bank to the employee. (3) Notwithstanding anything contained in this regulation, any employee who joined the service of the Bank on or after the 1st April, 2010 shall be covered by the National Pension System”. 4. In regulation 20 of the said regulations, after sub-regulation (1), the following proviso shall be inserted, namely:- “Provided that there would no forfeiture of service for employees covered under clause (c) of sub- regulation (1) of regulation 3”. 5. In regulation 32 of the said regulations, the following regulation shall be substituted namely:- “Payment of pension or family pension in respect of certain employees.-(1) Employees who have retired from the service of the Bank between the 1st September, 1987 and the 31st October, 1993 shall be eligible for pension from the effective date. (2) The family of a deceased employee, who was in service between the 1st September, 1987 and the 31st October, 1993 and died before the 31st October, 1993 shall be eligible for payment of family pension from the effective date”. 6. In regulation 50 of the said regulations, the following regulation shall be substituted, namely:- “Date from which pension becomes payable.- (1) Except in the case of an employee to whom the provisions of sub-regulation (1) of regulations 32, or 41, or 44 apply a pension other than the family pension shall become payable from the date following the date on which an employee6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] retires or, as the case may be, resigns or opts not to join the transferee bank under clause (b) of sub- section (3) of section 23A of the Act on refund or refunding or authorising adjustment of the entire amounts specified under sub-regulation (1) of regulation 3 within the time stipulated under Chaitanya Godavari Grameena Bank (Employees’) Pension(Amendment) Regulations, 2024. (2) Except in the case of an employee to whom the provisions of sub-regulation (1) of regulations 32, or 41, or 44 apply, family pension shall become payable from the date following the date of death of the employee, on refunding or authorising adjustment of the entire amounts specified under sub-regulation (2) of regulation 3 within the time stipulated under Chaitanya Godavari Grameena Bank (Employees’) Pension(Amendment) Regulations, 2024. (3) Notwithstanding anything contained in these regulations, in case of an employee, or as the case may be, family of the deceased employee who was eligible to opt for pension, or as the case may be, family pension under the said regulations but did not opt or opted but did not refund the money, but refunds or authorise adjustment of money under clause (a) of sub-regulation (1) of regulation (3), or as the case may be, under sub-regulation (2) of regulation 3 on or after notification of Chaitanya Godavari Grameena Bank (Employees’) Pension(Amendment) Regulations, 2024 shall be entitled for pension, family pension, or as the case may be, from date of refund or adjustment under clause (c) of sub-regulation (1) of regulation 3, or as the case may be, sub-regulation (2) of regulation 3, or the date of retirement or resignation, or death, as the case may be, whichever is later.” K PRAMOD KUMAR REDDY, CHAIRMAN [ADVT.-III/4/Exty./673/2024-25] Note: The principal notification was published vide number 486 dated the 12 December,2018 in the Gazette of India, Extraordinary, Part III, section 4. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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