Home India Canara Bank In exercise of the powers conferred by subsection...
Date: 09-Aug-2023 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by subsection

Issued by Canara Bank · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The gazette notification announces amendments to the Canara Bank (Employees’) Pension Regulations, 1995. These amendments are made by the Board of Directors of Canara Bank after consulting with the Reserve Bank of India and with the prior approval of the Central Government.
  • The amendments primarily address pension calculations and family pension eligibility, particularly focusing on part-time employees and those who retired or died on or after November 1, 2012.

Key Changes

  • Regulation 27 is amended to specify that for permanent part-time employees in scale wages covered by the Pension Scheme, actual service is reckoned for qualifying service, effective from November 1, 2012, and the qualifying service is calculated from the date of recruitment as a permanent part-time employee or from September 1, 1978, whichever is later.
  • Regulation 36 is amended to include a fixed monthly amount for medical aid to pensioners, with specific amounts defined for full-time employees and part-time employees drawing 1/3, 1/2, and 3/4 scales of wages who retired on or after November 1, 2012. The amounts are Rs. 2,785 for full-time employees, Rs. 932 for 1/3 scale, Rs. 1,397 for 1/2 scale, and Rs. 2,096 for 3/4 scale part-time employees.
  • Regulation 40 is amended to revise the conditions for family pension eligibility for sons, daughters, and parents. Family pension is discontinued if the eligible son or daughter earns more than Rs. 10,000 per month from employment or self-employment. Similarly, for parents, family pension is discontinued if the income of either parent or the combined income of both exceeds Rs. 10,000 per month.
  • Regulation 40 is further amended to specify a minimum monthly pension of Rs. 18,568 for employees (both officers and workmen) who retired or died on or after November 1, 2012.
  • Appendix II is amended to specify that for employees who retired on or after November 1, 2012, dearness relief is payable or recoverable for every 4-point change over 4440 points in the quarterly average of the All India Average Consumer Price Index for Industrial Workers (series 1960=100). The increase or decrease in dearness relief is calculated at 0.10% of the basic pension for every 4 points.
  • Appendix III is amended to include provisions for calculating monthly family pension for employees (excluding part-time employees) who retired on or after November 1, 2012. The basic family pension is a percentage of the pay, with an additional percentage of allowances counted for Provident Fund contributions. Minimum and maximum amounts are specified based on the pay scale.

Impact Analysis

Employees and Pensioners

  • Action Item: Pensioners need to assess their income and eligibility for family pension based on the revised criteria.

Canara Bank

  • Action Item: Canara Bank needs to conduct training for relevant staff to ensure accurate implementation of the amended regulations.

Government

  • Action Item: The government needs to monitor the implementation of these amendments to ensure compliance and effectiveness.

Key Entities Referenced

Canara Bank: The banking company responsible for implementing the amended pension regulations. Reserve Bank of India (RBI): The central bank of India, consulted during the amendment process. Central Government: The government body that provided prior sanction for the amendments. Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970: The Act under which the powers to amend the pension regulations are conferred. Canara Bank (Employees’) Pension Regulations, 1995: The original regulations being amended by this notification. Indian Banks’ Association: An association representing member banks, involved in agreements related to these amendments. All India Average Consumer Price Index for Industrial Workers (series 1960=100): The index used for calculating dearness relief.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-के.ए.-अ.-10082023-247993 xxxGIDHxxx CG-KAxx-xEG-I1D0E0x8x2x0 23-247993 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 556] नई ददल्ली, बुधर्ार, अगस्ट्त 9, 2023/श्रार्ण 18, 1945 No. 556] NEW DELHI, WEDNESDAY, AUGUST 9, 2023/SHRAVANA 18, 1945 केनरा बकैं (प्रधान कार्ाला र्: बगें लरुू ) अजधसचू ना बेंगलरुू , 24 िलु ाई , 2023 एफ. स.ं एचआरदब्ल ू : आईआरएस: 228ए: पीएस: 886:2023 ददनाकं : 24.07.2023 (ई).—बैंककंग कंपनी (उपक्रमों का अिान और अतं रण) अजधजनर्म, 1970 (1970 का 5) की धारा 19 की उप-धारा (1) और उप-धारा (2) के खंड (एफ) द्वारा प्रदत्त िजिर्ों का प्रर्ोग करत े हुए, केनरा बैंक का जनदेिक मंडल, भारतीर् ररज़र्ा बैंक स े परामि ा करन े के बाद और केंद्र सरकार की पूर्ा मंिूरी के साथ, एतद्दर्ारा केनरा बैंक (कमाचारी) पेंिन जर्जनर्म, 1995 म ें संिोधन कर जनम्नजलजखत जर्जनर्म बनाता ह,ै अथाात:् - 1. सजं िप्त िीर्का और प्रारंभ.— (1) इन जर्जनर्मों को केनरा बैंक (कमाचारी) पेंिन (संिोधन) जर्जनर्म, 2023 कहा िाएगा। (2) इन जर्जनर्मों म ें अन्र्था स्ट्पष्ट रूप स े प्रदान दकए िान े के अलार्ा, र्े आजधकाररक रािपत्र म ें उनके प्रकािन की जतजथ स ेलाग ू होंगे। 2. केनरा बैंक (कमाचारी) पिें न जर्जनर्म, 1995 (इसके बाद उि जर्जनर्मों के रूप म ें संदर्भात) म,ें जर्जनर्म 27 म,ें नोट के स्ट्थान पर, जनम्नजलजखत नोट को प्रजतस्ट्थाजपत दकर्ा िाएगा, अथाात:् - 5151 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] "नोट 1: 1 नर्बं र 2012 स े प्रभार्ी र्ेतनमान म ें स्ट्थार्ी अंिकाजलक कमाचाररर्ों के संबंध म ें पेंिन की राजि की गणना के उद्देश्र् के जलए, िो पेंिन र्ोिना द्वारा कर्र दकए गए ह,ैं अहका सेर्ा के जलए उनकी र्ास्ट्तजर्क सेर्ा की गणना की िाएगी न दक र्थानुपात आधार पर। नोट 2: र्ास्ट्तजर्क सेर्ा र्ा अहका सेर्ा की गणना र्ेतनमान म ें स्ट्थार्ी अंिकाजलक कमाचारी के रूप म ें भती र्ा जनर्ुजि की तारीख स े र्ा 1 जसतंबर, 1978 स,े िो भी बाद म ें हो, स ेकी िाएगी।"। 3. उि जर्जनर्मों के जर्जनर्म 36 म,ें खंड (ई) के बाद, जनम्नजलजखत खंड िाजमल दकर्ा िाएगा, अथाात:् - "(एफ) अंिकाजलक कमाचारी के अलार्ा एक कमाचारी के संबंध म,ें िहां कमाचारी 1 नर्ंबर 2012 को र्ा उसके बाद सेर्ाजनर्ृत्त हुआ हो दो हिार सात सौ पचासी रुपर् े प्रजत माह, र्ेतनमान का 1/3 र्ेतन प्राप्त करने र्ाले अंिकाजलक कमाचारी के संबंध म ेंनौ सौ बत्तीस रुपर् े प्रजत माह, र्ेतनमान का ½ प्राप्त करन े र्ाल े अंिकाजलक कमाचारी के संबंध म ें एक हिार तीन सौ सत्तानबे रुपर् े प्रजत माह और र्ेतनमान का ¾ आहररत करन े र्ाले अंिकाजलक कमाचारी के संबंध म ें दो हिार जिर्ानर्े रुपर्े प्रजत माह, िहां अंिकाजलक कमाचारी 1 नर्ंबर 2012 को र्ा उसके बाद सेर्ाजनर्ृत्त हुआ हो।"। 4. उि जर्जनर्मों के जर्जनर्म 40 म,ें — (a) उप-जर्जनर्म (1) म,ें - (i) खंड (बी) म,ें पहले परंतुक के स्ट्थान पर, जनम्नजलजखत परंतुक प्रजतस्ट्थाजपत दकर्ा िाएगा, अथाता ्:- "बिते दक पुत्र र्ा पुत्री (जर्धर्ा र्ा तलाकिुदा सजहत) को दर्े पाररर्ाररक पेंिन बंद कर दी िाएगी र्ा अनुमत नहीं होगी, िब पात्र पत्रु र्ा पुत्री सरकारी र्ा जनिी िेत्र म ें रोिगार स े र्ा स्ट्र्रोिगार आदद से प्रजत माह दस हिार रुपर्े स ेअजधक की राजि अर्िात करना िरूु करते ह ैं"; (ii) खंड (सी) के स्ट्थान पर जनम्नजलजखत खंड रखा िाएगा, अथाात:् - "(सी) माता-जपता के मामले म,ें पाररर्ाररक पेंिन बंद कर दी िाएगी र्ा अनुमत नहीं होगी र्दद माता-जपता म ें स े दकसी एक की आर् र्ा माता-जपता दोनों की कुल आर् सरकारी र्ा जनिी ित्रे म ें रोिगार र्ा स्ट्र्रोिगार, आदद स ेप्रजत माह दस हिार रुपर्े स ेअजधक हो।"; (b) उप-जर्जनर्म (4) म,ें - (i) खंड (ए) म,ें उप-खंड (v) के बाद, जनम्नजलजखत उप-खडं िाजमल दकर्ा िाएगा, अथाात:् - "(vi) 1 नर्ंबर 2012 को र्ा उसके बाद सेर्ाजनर्ृत्त होने र्ाले र्ा मृत्र् ु प्राप्त कमाचाररर्ों, अजधकाररर्ों और कामगार दोनों के संबंध म ेंप्रजत माह अठारह हिार पांच सौ अड़सठ रुपर्े।"; (ii) खंड (बी) म,ें उप-खडं (v) के बाद, जनम्नजलजखत उप-खडं िाजमल दकर्ा िाएगा, अथाात:् - "(vi) 1 नर्ंबर 2012 को र्ा उसके बाद सेर्ाजनर्ृत्त होने र्ाले र्ा मृत्र् ु प्राप्त कमाचाररर्ों, अजधकाररर्ों और कामगार दोनों के संबंध म ेंप्रजत माह अठारह हिार पांच सौ अड़सठ रुपर्े।"; (iii) खंड (सी) म,ें उप-खडं (v) के बाद, जनम्नजलजखत उप-खडं िाजमल दकर्ा िाएगा, अथाात:् - "(vi) 1 नर्ंबर 2012 को र्ा उसके बाद सेर्ाजनर्ृत र्ा मृत्र् ु प्राप्त अजधकाररर्ों और कामगारों दोनों के संबंध म ें प्रजत माह नौ हिार दो सौ चौरासी रुपए।"। 5. उि जर्जनर्मों के पररजिष्ट II म,ें खंड (4) म,ें दसू रे परंतुक के बाद, जनम्नजलजखत परंतुक िाजमल दकर्ा िाएगा, अथाात:् "बित े र्ह भी दक 1 नर्ंबर 2012 को र्ा उसके बाद सेर्ाजनर्ृत्त होने र्ाल े कमाचाररर्ों के संबंध म,ें श्रृंखला 1960 = 100 म ें औद्योजगक श्रजमकों के जलए अजखल भारतीर् औसत उपभोिा मल्ू र् सूचकांक के जतमाही औसत म ें 4440 अंकों स े अजधक प्रत्र्ेक 4 अंक पर महगं ाई राहत प्रत्र्के र्ृजि के जलए दर्े होगी र्ा प्रत्र्ेक जगरार्ट के जलए र्सूली र्ोग्र् होगी, िैसा भी मामला हो, और उि प्रत्र्ेक 4 अकं ों के जलए महगं ाई राहत म ें इस तरह की र्ृजि र्ा कमी की गणना मलू पिें न के 0.10 प्रजतित की दर स े की िाएगी।[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 6. उि जर्जनर्मों के पररजिष्ट III म,ें खंड (ई) के बाद, जनम्नजलजखत खंड िाजमल दकर्ा िाएगा, अथाात:् - "(एफ) 1 नर्ंबर 2012 को र्ा उसके बाद सेर्ाजनर्ृत्त होने र्ाले अिं काजलक कमाचाररर्ों के अलार्ा कमाचाररर्ों (अजधकारी और कामगारों) के संबंध म:ें प्रजत माह र्ते नमान माजसक पाररर्ाररक पिें न की राजि (1) (2) रुपर्े 11,100 तक र्ेतन का 30 प्रजतित मूल पाररर्ाररक पेंिन होगी और भत्तों का 30 प्रजतित अजतररि, जिसकी गणना भजर्ष्र् जनजध में अंिदान करने के जलए की िाती ह ै ककंतु मंहगाई भत्त े के जलए नहीं, अजतररि पाररर्ाररक पेंिन होगी: बिते मूल और अजतररि पररर्ार पेंिन का र्ोग न्र्ूनतम रुपर्े 2785 प्रजत माह के अधीन होगा। रुपर्े 11,101 से रुपर्े र्ेतन का 20 प्रजतित मूल पाररर्ाररक पेंिन होगी और भत्तों का 20 प्रजतित अजतररि, जिसकी गणना 22,200 भजर्ष्र् जनजध में अंिदान करने के जलए की िाती ह,ै ककंतु महंगाई भत्ते के जलए नहीं, अजतररि पाररर्ाररक पेंिन होगी: बिते मूल और अजतररि पाररर्ाररक पेंिन का र्ोग न्र्ूनतम रुपर्े 3422 प्रजत माह के अधीन होगा। रुपर्े 22,200 से अजधक र्ेतन का 15 प्रजतित मूल पाररर्ाररक पेंिन होगी और भत्तों का 15 प्रजतित अजतररि, जिसकी गणना भजर्ष्र् जनजध में अंिदान करने के जलए की िाती ह,ै ककंतु मंहगाई भत्ते के जलए नहीं, अजतररि पाररर्ाररक पेंिन होगी: बिते मूल और अजतररि पाररर्ाररक पेंिन का र्ोग न्र्ूनतम रुपर्े 4448 प्रजत माह और अजधकतम रुपर्े 9284 प्रजत माह के अधीन होगा।"। जर्र्रणात्मक ज्ञापन इन जर्जनर्मों को पूर्ाव्यापी रूप स े प्रभार् म ें लार्ा गर्ा ह,ै र्े इस संबंध म ें संबंजधत बैंकों द्वारा ददए गए जर्जिष्ट अजधदेि के आधार पर सदस्ट्र् बैंकों की ओर स े भारतीर् बैंक संघ और बैंकों के स्ट्तरीर् कमाचारी संघ और अजधकारी संघ के बीच समझौते और हस्ट्तािररत संर्ुि नोट के जनर्मों और ितों के अनसु ार ह।ैं इसजलए, इस तरह के पूर्ाव्यापी प्रभार् स े दकसी भी व्यजि के जहतों पर प्रजतकूल प्रभार् नहीं पड़ेगा। डी सरु ेंद्रन, मुख्र् महाप्रबंधक [जर्ज्ञापन-III/4/असा./338/2023-24] नोट: मलू जनर्म भारत के रािपत्र म ें अजधसूचना संख्र्ा IRS/PEN/2879/URH, ददनांक 29 जसतंबर, 1995 द्वारा प्रकाजित दकए गए थ े और बाद म ें भारत के रािपत्र के भाग III, खंड 4 म ें प्रकाजित जनम्नजलजखत अजधसूचनाओं द्वारा संिोजधत दकए गए थे। अथाात्:- क्रमांक अजधसचू ना सख्ं र्ा अजधसचू ना की जतजथ प्रकािन की जतजथ 1 IRS G-228 9348 2.2.1999 1.5.1999 2 IRS G-228 (िुजिपत्र) 10.7.1999 7.8.1999 3 IRS :228A:7795: NAK 2.4.2002 27.4.2002 4 IRS:228A:3812:RS 15.10.2002 30.11.2002 5 IRS:228A:6488:PS 24.3.2004 17.4.2004 6 PW:IRS:1:3513:2010 17.9.2010 20.11.20104 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 7 HRW:IRS:SJ:1:2305:2013 5.9.2013 22.2.2014 8 HRW:IRS:228A:SJ:2914:2017 29.6.2017 13.1.2018 CANARA BANK (Head Office: Bengaluru) NOTIFICATION Bengaluru, the 24th July, 2023 F. No. HRW IRS 228A PS 886 2023 Dated 24.07.2023 —In exercise of the powers conferred by sub- section (1) and clause (f) of sub-section (2) of section 19 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), the Board of Directors of the Canara Bank, after consultation with Reserve Bank of India and with the previous sanction of the Central Government, hereby makes the following regulations further to amend the Canara Bank (Employees’) Pension Regulations, 1995, namely:— 1. Short title and commencement —(1) These regulations may be called the Canara Bank (Employees’) Pension (Amendment) Regulations, 2023. (2) Save as otherwise expressly provided in these regulations, they shall come into force on the date of their publication in the Official Gazette. 2. In the Canara Bank (Employees’) Pension Regulations, 1995 (hereinafter referred to as the said regulations), in regulation 27, for the note, the following note shall be substituted, namely:— “Note 1: With effect from 1st November 2012, for the purpose of calculating the amount of pension in respect of permanent part-time employees in scale wages who are covered by the Pension Scheme, their actual service shall be reckoned for qualifying service and not pro-rata. Note 2: The actual service or qualifying service shall be calculated from the date of recruitment or appointment as permanent part-time employee in scale wages or from 1st September, 1978, whichever is later.”. 3. In regulation 36 of the said regulations, after clause (e), the following clause shall be inserted, namely:— “(f) rupees two thousand seven hundred and eighty-five per month in respect of an employee, other than a part- time employee, where the employee retired on or after 1st day of November 2012, rupees nine hundred and thirty two per month in respect of a part-time employee drawing 1/3 scale of wages, rupees one thousand three hundred and ninety-seven per month in respect of part-time employee drawing ½ scale wages, and rupees two thousand and ninety-six per month in respect of a part-time employee drawing ¾ scale wages, where the part- time employee retired on or after the 1st day of November 2012.”. 4. In regulation 40 of the said regulations,— (a) in sub-regulation (1),— (i) in clause (b), for the first proviso, the following proviso shall be substituted, namely:— “Provided that the family pension payable to son or daughter (including widowed or divorced) shall be discontinued or not be admissible when the eligible son or daughter starts earning a sum in excess of rupees ten thousand per month from employment in Government or private sector or self-employment, etc.”; (ii) in clause (c), the following clause shall be substituted, namely:— “(c) in the case of parents, the family pension shall be discontinued or not be admissible if the income of one of the parents or the aggregate income of both the parents from employment in Government or private sector or self-employment, etc. exceeds rupees ten thousand per month.”; (b) in sub-regulation (4),— (i) in clause (a), after sub-clause (v), the following sub-clause shall be inserted, namely:— “(vi) eighteen thousand five hundred and sixty-eight rupees per mensem only in respect of employees, both officers and workmen, who retired or died on or after 1st day of November 2012.”; (ii) in clause (b), after sub-clause (v), the following sub-clause shall be inserted, namely:—[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 5 “(vi) eighteen thousand five hundred and sixty-eight rupees per mensem only in respect of employees, both officers and workmen, who retired or died on or after 1st day of November 2012.”; (iii) in clause (c), after the sub-clause (v), following sub-clause shall be inserted, namely:— “(vi) nine thousand two hundred and eighty-four rupees per mensem only in respect of employees, both officers and workmen, who retired or died on or after 1st day of November 2012.”. 5. In Appendix II to the said regulations, in clause (4), after the second proviso, the following proviso shall be inserted, namely:— “Provided also that in respect of employees who retired on or after 1st day of November 2012, dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every 4 points over 4440 points in the quarterly average of the All India Average Consumer Price Index for Industrial Workers in the series 1960=100 and such increase or decrease in dearness relief for every said 4 points shall be calculated at the rate of 0.10 per cent.of basic pension.”. 6. In Appendix III to the said regulations, after clause (e), the following clause shall be inserted, namely:— “(f) In respect of employees (both officers and workmen) other than part-time employees retiring on or after 1st day of November 2012: Scale of pay per month Amount of monthly family pension (1) (2) Upto Rs.11,100 30 per cent of the pay shall be the basic family pension and additional 30 per cent of allowance which are counted for making contribution to Provident Fund but not for dearness allowance, shall be the additional family pension: Provided that the aggregate of basic and additional family pension shall be subject to a minimum of Rs.2785 per month. Rs.11,101 to 20 per cent of the pay shall be basic family pension and additional 20 per cent of allowance Rs. 22,200 which are counted for making contributions to Provident Fund but not for dearness allowance, shall be the additional family pension: Provided that the aggregate of basic and additional family pension shall be subject to minimum of Rs.3422 per month. Above Rs.22,200 15 per cent of the pay shall be the basic family pension and additional 15 per cent of allowances which are counted for making contributions to Provident Fund but not for the dearness allowance, shall be the additional family pension: Provided that the aggregate of basic and additional family pension shall be subject to a minimum of Rs.4448 per month and maximum of Rs.9284 per month.”. Explanatory Memorandum The regulations which have been given retrospective effect are as per the agreed terms and conditions of the settlement and Joint Note signed between the Indian Banks’ Association on behalf of member banks on the basis of specific mandate given by the respective banks in this regard and apex level workmen unions and officers’ associations of the Banks. Therefore, interests of no person shall be adversely affected by such retrospective effect. D SURENDRAN, Chief General Manager [ADVT.-III/4/Exty./338/2023-24] Note: The principal regulations were published in the Gazette of India, vide notification number IRS/PEN/2879/URH, dated the 29th September,1995 and subsequently amended vide the following notifications published in Part III, Section 4 of the Gazette of India, namely:— Sr. No. Notification number Date of notification Date of publication 1 IRS G-228 9348 2.2.1999 1.5.1999 2 IRS G-228 (Corrigendum) 10.7.1999 7.8.1999 3 IRS :228A:7795: NAK 2.4.2002 27.4.2002 4 IRS:228A:3812:RS 15.10.2002 30.11.20026 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 5 IRS:228A:6488:PS 24.3.2004 17.4.2004 6 PW:IRS:1:3513:2010 17.9.2010 20.11.2010 7 HRW:IRS:SJ:1:2305:2013 5.9.2013 22.2.2014 8 HRW:IRS:228A:SJ:2914:2017 29.6.2017 13.1.2018 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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