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Section 36: Minimum Pension

UCO Bank (Employees’) Pension Regulation, 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 1 s t day of November, 1992 ( in case of workmen) or before 1 st day of 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 1 s t 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 the1st day of November, 1992 (in case of workmen) or on or after the 1st day of 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:

Provided that on and from 1st day of May 2005 the amount of minimum pension, in respect of an employee other than a part-time employee, who retired on or after 1st April 1998 but before 31st October 2002 shall be rupees one thousand and fifty eight per month and rupees three hundred and fifty three in respect of a part-time employee drawing 1/3 scale wages, rupees five hundred and twenty nine in respect of a part-time employee drawing ½ scale wages and rupees seven hundred and ninety four in respect of a part-time employee drawing ¾ scale wages, where the part-time employee retired on or after 1st day of April, 1998.

(d) Rupees One thousand four hundred and thirty seven per month in respect of an employee, other than a part-time employee, where the employee retired on or after 1st day of May 2005 and Rupees four hundred and seventy nine per month in respect of a part-time employee drawing 1/3 scale of wages, Rupees seven hundred and twenty per month in respect of part-time employee drawing ½ scale wages and Rupees one thousand and seventy eight 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 May 2005.

Provided that on and from 1st day of May 2005 the provisions of this clause shall also apply to an employee including a part-time employee who retired on or after 1st November 2002 but on or before 30th April 2005.

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(e) Rupees one thousand seven hundred and seventy nine per month in respect of an employee, other than a part-time employee, where the employee retired on or after 1st day of November 2007 and Rupees five hundred and ninety five per month in respect of a part-time employee drawing 1/3 scale of wages, Rupees eight hundred and ninety two per month in respect of part-time employee drawing ½ scale wages and Rupees one thousand three hundred and thirty nine 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 2007.

Where this provision sits

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

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