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Tuesday, November 03, 2015

'BANK NEWS'


UNION BANK RETIRED EMPLOYEES' ASSOCIATION
Date: 2nd November,'15

(1) Stagnation Increments according to 10th BP Settlement
Please see the attachment No.70 to this e-mail and guide the members of our Association who retired after 1st November,'12 and are eligible for stagnation increments according to 10th BP Settlement.

(2) Pension Commutation to spouse of deceased employees
Normally family pensioners are not entitled to commute their pension. However, if the deceased employee was entitled to commutation, but did not get it prior to  his / her demise, the spouse is entitled to claim the commutation. The attachment No.93 to this e-mail explains this matter.

(3)  Denial Cash Withdrawal to Pensioners by Branches of Union Bank of India
The attachment No.94 to this e-mail is a soft copy of the Letter dated 2nd November,'15  written to CMD of Union Bank of India by Shri N.Shankar, General Secretary, All India Union Bank Employees' Association.

We thank Shri Shankar for raising this and other important issues of the Bank retirees appropriately before the management.

Yours sincerely,
B.G.Raithatha,
General Secretary