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REGULATORY POLICY EXTRA ORDINARY

In exercise of the powers conferred by sub section 1 and clause f of sub section 2 of section 19 of the Banking Companies

Date: 18th October 2023
Category: Extra Ordinary
New Delhi

Read or download the official PDF of this gazette notification issued by the Union Bank of India on 18th October 2023. Classified under Extra Ordinary.

Official Gazette Notification Text

Official Transcript

रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-एम.एच.-अ.-18102023-249555 xxxGIDHxxx CG-MH-E-18102023-249555 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 711] िई ददल्ली, ब धवार, अक्त बू र 18, 2023/आज‍व ि 26, 1945 No. 711] NEW DELHI, WEDNESDAY, OCTOBER 18, 2023/ASVINA 26, 1945 यजू ियि बकैं ऑफ इंजडया (मािव ससं ाधि...

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  • ✓ The gazette notification pertains to the amendment of the Union Bank of India (Employees’) Pension Regulations, 1995.
  • ✓ These amendments are called the Union Bank of India (Employees’) Pension (Amendment) Regulations, 2023.
  • ✓ Unless otherwise stated, the amendments take effect from the date of their publication in the Official Gazette, which is October 18, 2023.
  • ✓ Regulation 27 is amended to specify that for permanent part-time employees in scale wages covered by the Pension Scheme, effective November 1, 2012, their actual service will be considered for pension calculation instead of pro-rata.
  • ✓ The actual or qualifying service for these employees will be calculated from the date of recruitment/appointment as a permanent part-time employee or from September 1, 1978, whichever is later.

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