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Publication of amendments to UCO Bank Employees Pension Regulations, 1995 in Gazette of India

Date: 1st September 2023
Category: Extra Ordinary
Issued by UCO Bank
New Delhi

Read or download the official PDF of this gazette notification issued by the UCO Bank on 1st September 2023. Classified under Extra Ordinary.

Official Gazette Notification Text

Official Transcript

रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डब्लू.बी.-अ.-01092023-248472 xxxGIDHxxx CG-WB-E-01092023-248472 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 621] नई कदलली, बृहस्ट्प जतर्ार, अगस्ट्त 31, 2023/भार 9, 1945 No. 621] NEW DELHI, THURSDAY, AUGUST 31, 2023/BHADRA 9, 1945 यकू ो बकैं (प्रधान कायाला य:...

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  • ✓ The gazette notification pertains to amendments to the UCO Bank (Employees’) Pension Regulations, 1995.
  • ✓ These amendments are made by the Board of Directors of UCO Bank, after consulting with the Reserve Bank of India and with the previous sanction of the Central Government.
  • ✓ The amendments are called the UCO Bank (Employees’) Pension (Amendment) Regulations, 2023 and unless otherwise stated, they come into force on the date of publication in the Official Gazette (August 31, 2023).
  • ✓ Regulation 27 is amended to specify that for permanent part-time employees in scale wages covered by the Pension Scheme, actual service will be used for pension calculation with effect from November 1, 2012.
  • ✓ A new clause (f) is added to Regulation 36, specifying a fixed monthly amount as part of pension for employees who retired on or after November 1, 2012. The amount is Rs. 2,785 for full-time employees. For part-time employees who draw 1/3, 1/2, and 3/4 of the scale of wages, the amounts are Rs. 932, Rs. 1,397, and Rs. 2,096 respectively.

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