"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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