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Section 36: Minimum Pension

Corporation Bank (Employees’) Pension Regulations, 1995Central Regulations · 1970

The amount of minimum pension shall be :-

(a) rupees three hundred and seventy five per month in respect of an employee other than a part-time employee where the employee had retired before 1st day of November, 1992(in case of workmen) or before 1st day July, 1993 (in case of officers) and proportionate amount thereof in relation to the rate of scale of wages in the case of a part-time employee who had retired before the 1st day of November, 1992;

(b) rupees seven hundred and twenty per month in respect of an employee other than a part-time employee where the employee retired on or after the 1st day of November,1992(in case of workmen) or on or after the 1st day July, 1993 (in case of officers) and proportionate amount thereof in relation to the rate of scale of wages in the case of a part-time employee who retired on or after the 1st day of November, 1992;

(c) rupees one thousand and fifteen per month in respect of an employee, other than a part-time employee, where the employee retired on or after the 1st day of April, 1998 and rupees three hundred and thirty nine per month in respect of a part-time employee drawing 1/3rd scale wages, rupees five hundred and eight per month in respect of a part-time employees drawing ½ scale wages and rupees seven hundred and sixty two 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 April, 1998:

(d) Rupees two hundred and forty per month in respect of a part-time employee who retired on or after the 1st day of November,1993

Where this provision sits

ActCorporation Bank (Employees’) Pension Regulations, 1995
Section36
Marginal noteMinimum Pension
JurisdictionCentral
StatusIn force as published by the source

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