Pension eligibility on compulsory retirement in banks
Querist :
Anonymous
(Querist) 14 October 2018
This query is : Resolved
I am a former Manager of State Bank of Mysore. I was kept under Suspension during November 2014 and was awarded the Punishment of Compulsory Retirement during September 2016. I had completed service of 15 years and 2 months at the time of Suspension. After considerable delay, i received Provident Fund, Gratuity and Leave Encashment from State Bank of India during April 2018 (State Bank of Mysore was merged with State Bank of India w e f 01-04-2017) I did not receive Pension and on enquiry with Pension Department, Local Head Office Bangalore i was informed that as you have not completed 20 years of service you are not eligible for Compulsory Retirement Pension. My query is
a) Is there any minimum service criteria for Compulsory Retirement Pension in Nationalised Banks ?
b) Can i proceed legally against the Bank for denial of Pension ?
Dr J C Vashista
(Expert) 15 October 2018
Anonymous author is not obliged by experts as per rules of this platform.
