(1) In case of an employee who was employed on scale wages and on a permanent part-time basis in the service of the Bank and was contributing to the Provident Fund.
such services rendered by him on a permanent part-time basis from the date he became a member of the Provident Fund shall be counted as qualifying service.
(2) For the purpose of calculating the amount of pension in respect of a part - time employee who was/is initially recruited on a lower scale wage and later fitted on higher scale wages including full scale wages, the length of qualifying service shall be determined in accordance with Appendix IV.
(3) in respect of part- time employees who continue to be in the same scale wages since their recruitment, for the purpose of calculating the amount of pension: the actual service put in shall be taken as qualifying service. In such cases the actual pay drawn on scale wages at the. time of retirement shall be reckoned for the purpose of average emoluments."
Note:
The actual service I qualifying service shall be calculated from the date of recruitment or
01.09.1978, whichever is later;
CHAPTER V CLASSES Of PENSION
28. Superannuation Pension:
Superannuation Pension shall be granted to an employee who has retired on his attaining the age of superannuation specified in the Service Regulations or Settlements.
Provided that with effect from 1st day of September. 2000 pension shall also be granted to an employee who opts to retire before attaining the age of superannuation, but after rendering service for a minimum period of 15 years in terms of any scheme that may be framed for such purpose by the Board with the approval of the Government.
Provided further that employees who ceased to be in service on or after the 29th September, 1995 on account of voluntary retirement before attaining the age of superannuation but after rendering service for a minimum period of 15 years in accordance with the Scheme framed in this regard by the Board with the approval of the Government, shall be entitled to join the Pension Fund, subject to the compliance of the terms and conditions mentioned in the Scheme.*