Bank staff to get pension option again

Mumbai, Aug. 15: The government has extended another option to the banking sector employees to avail the pension scheme, which was first announced in 1993, a bank employees association representative said.

The option to join the scheme has been extended to around 3.5 lakh employees and officials who did not exercise it earlier, the representative said. The pension scheme would benefit around 3.5 lakh banking employees working across 46 banks including 27 public sector banks, private banks as well as foreign banks, he said.

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Why the ambiguity has been

Why the ambiguity has been made by IBA for pension optiion to general VRS optees?

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