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STATE BANK OF INDIA STAFF ASSOCIATION
(BENGAL CIRCLE)

( REGISTERED UNDER ACT XVI OF 1926 )
( Affiliated with All India State Bank of India Staff Federation )

All letters to be addressed
to the General Secretary

AJIT SEN BHAWAN

13, Crooked Lane, (1st Floor)
Kolkata – 700 069
POST BOX No. 2817

Circular No. BEN/KOL/89
TO ALL UNITS/MEMBERS
DATE:07.03.2013
THE SBI EMPLOYEES’ PENSION FUND RULES

(i) PAYMENT OF FAMILY PENSION TO THE FAMILY PENSIONERS OF THE
DECEASED EX-SERVICEMEN EMPLOYEE PENSIONERS

(ii) REVISION IN FAMILY PENSION IN RESPECT OF ELIGIBLE MEMBERS IN
CASE BOTH FATHER & MOTHER WERE MEMBERS OF PENSION FUND

We reproduce below the text of Circular No. 4 dated 6th March 2013 released by the Secretary, All India SBI Staff Federation for information of our units / members.

With warm greetings,

GENERAL SECRETARY.

TEXT OF CIRCULAR NO. 4 DATED 6.3.2013


Members are aware that, as per extant instructions, the ex-servicemen family pensioners are so far allowed to draw family pension either from our Bank or from Military establishment as eligibility for family pension is from one source only. The issue of grant of bank’s family pension as well as Military Family Pension has been taken up by the Federation with the Bank Management and also with the Government, through its apex level organization, National Confederation of Bank Employees. We are glad to inform that pursuant to the modification of instructions by the Government of India, it has been decided by the Bank to withdraw the existing provision of calling for the option for drawing family pension either from the Government or from the Bank and for payment of family pension to the deceased ex-servicemen employees/pensioners of the Bank who are also drawing family pension from the Government, with effect from 24th September, 2012 or thereafter. It has also been decided by the Bank Management to allow the benefit of both family pensions of Bank as well as Government even in past cases, though effective from 24th September, 2012.

Similarly, on our representation, it is decided by the Bank Management to revise the eligibility of family pension payable to the child, in case both father and mother were employees of the Bank, as per details hereunder:

I.As per revision of Family Pension w.e.f. 1.5.2005:

(A) Those who died or retired before 1.11.1993:

(i) If both the family pensions are payable at the rate of 30% or 20% or 15% (as applicable), the aggregate amount of two pensions shall be limited to Rs. 1,250/-.

(ii) If one or both the family pensions are payable at the rates of 30% / 20% / 15%, the amount of both the family pensions shall be limited to Rs.1,250/- or the maximum amount of family pension payable in respect of any of the parents, whichever is higher, for the specified period.

(B) In respect of employees retired / died on or after 1.11.1993 but before 1.4.1998:

i) If both the family pensions are payable at the rate of 30% or 20% or 15% (as applicable), the aggregate amount of two pensions shall be limited to Rs.2,400/-.

ii) If one or both the family pensions are payable at the rates of 30% / 20% / 15%, the amount of both the family pensions shall be limited to Rs.2,400/- or the maximum amount of family pension payable in respect of any of the parents, whichever is higher, for the specified period.

(C) Those retire / died on or after 1.4.1998:

i) If both the family pensions are payable at the rate of 30% or 20% or 15% (as applicable), the aggregate amount of two pensions shall be limited to Rs.3,521/-.

ii) If one or both the family pensions are payable at the rates of 30% / 20% / 15%. The amount of both the family pensions shall be limited to Rs.3,521/- or the maximum amount of family pension payable in respect of any of the parents, whichever is higher, for the specified period.

(D) Those retired / died on or after 1.11.2002 and on or after 1.5.2005

i) If both the family pensions are payable at the rate of 30% or 20% or 15% (as applicable), the aggregate amount of two pensions shall be limited to Rs.4,784/-.

ii) If one or both the family pensions are payable at the rates of 30% / 20% / 15%, the amount of both the family pensions shall be limited to Rs.4,784/- or the maximum amount of family pension payable in respect of any of the parents, whichever is higher, for the specified period.

II. As per revision of Family Pension w.e.f. 1.11.2007:

(E) Those retired / died on or after 1.11.2007

i) If both the family pensions are payable at the rate of 30% or 20% or 15% (as applicable), the aggregate amount of two pensions shall be limited to Rs.5,930/-.

ii) If one or both the family pensions are payable at the rates of 30% / 20% / 15%, the amount of both the family pensions shall be limited to Rs.5,930/- or the maximum amount of family pension payable in respect of any of the parents, which is higher, for the specified period.

It is to be noted that in the case of part-time employees, the maximum amount of family pension shall be in proportion to the rate of scale wages drawn by the employees.


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