As per the available reports, the sharing of pension cost for existing employees is 1.6 times of revised Basic Pay as on 01.11.2007 and for retirees, it is 156% of Bank's contribution.
We shall be posting the full details once we hear from AIBOC.
SHARING OF PENSION COST
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2 comments:
This is injustice with the emplyoees who has already opted pension
I fully agree with the views and feel that the settlement is hijacked by the pension issue and as a result there is meagre rise in the salary.
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