UNION BANK RETIRED EMPLOYEES' ASSOCIATION
Incremental commutation -
Management of our Bank agreed to provide calculations
We forward herewith an e-mail received from Shri M.K.Mundul, Joint
General Secretary, Union Bank Retired Employees' Association
(Maharashtra).
Yours sincerely,
B.G.Raithatha,
General Secretary
BANK CIRCULAR CLICK HERE FOR BANK CIRCULAR
Email from MK Mundul:
Option for Incremental commutation extended up to 10th August,'15
Management has
extended the time up to 10th August,'15 consequent to our request to
make available calculations of arrears to retirees, to enable 'informed'
decision making of availing incremental commutation.
Please see the attached circular dated 17th July, '15 issued by the Bank.
It is once again advised, that only if you are NOT OPTING for commutation, the letter needs to be intimated to the Bank.
Information
received by us indicates that only less than 12 retirees have opted for
NOT COMMUTING so far, and we have proposed that steps be taken by the
Bank to expedite payment of arrears, rather than delay it, because of
this, & conform to the 90 day deadline!