Sunday, August 20, 2017

COMMENTS NO: YEAR/2012/344

"MANAGER:'Bank is deducting 10% of our Basic Salary every month as our Pension Fund. Bank is also contributing the same amount in our Pension Fund. But, the people who have joined a PSU Bank after 2010, are the real scapegoats. After 2010, Bank is deducting 10% of (Basic + DA) of an employee and Bank is not contributing any amount from their side. There is every reason for government servants to shout against the Pension Bill as the Pension Fund will be invested in Stock Markets. So, you may get fewer pensions than actually desired if stock markets are in loss.' OFFICER:'At least, Banks must not deduct the Pension Fund in Probation Period.'"-Arindam Sain

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