PUNJAB NATIONAL BANK

PEN. & P.F.

CIR. NO.02/05

PENSION & PROVIDENT FUND DEPARTMENT HO: Rajendra Bhawan, Rajendra Place NEW DELHI TEL : 25744812, 25744827, 25744377 FAX : 25744855,

July 12, 2005

TO ALL OFFICES

PENSION & PROVIDENT FUND DEPARTMENT CIRCULAR NO.02/2005

REG: PNB (EMPLOYEES) PENSION REGULATIONS, 1995 – CALCULATION & PAYMENT OF PENSION CONSEQUENT UPON THE REDEFINITION OF ‘PAY’ IN BIPARTITE SETTLEMENT/JOINT NOTE DATED 02.06.2005.

Attention of all Incumbents is invited to HRD Division Circular Nos.262 dated 11.06.2005 and 264 dated 29.06.2005 intimating about Wage Revision Settlement of Officers and Workman staff, consequent upon signing of 8th Bipartite Settlement/Joint Note dated 02.06.2005 by IBA with Workmen Unions/Officers Organizations.

2. In terms of Clause 16 of the Bipartite Settlement dated 02.06.2005 relating to workmen and Paragraph 6 of the Joint Note dated 02.06.2005 relating officers, in respect of an officer or a workman employee (herein referred to as ‘employee’), who is a member of the pension fund and retiring/retired from service or died while in service or otherwise ceased to be in employment (hereinafter commonly referred to as retired/retirement) on or after, 01.05.2005, ‘pay’ to be reckoned for the purpose of arriving at ‘average emoluments’ for calculating pension shall be the ‘pay’ drawn by him prior to his retirement/death. ‘Pay’ here will have the same meaning as in Clause 6 of the Bipartite Settlement dated 02.06.2005 and Note (2) below paragraph 6 of the Joint Note dated 02.06.2005.

‘Pay’ for the purpose of Provident Fund and Pension shall mean Basic Pay including Stagnation Increment. Professional Qualification Pay. Increment component of Fixed Personal Pay and Officiating Allowance.

3. In view of the foregoing, in respect of an employee retiring/retired on or after 01.05.2005, for arriving at pension to be sanctioned, ‘average emoluments’ for the purpose shall be calculated reckoning actual ‘pay’ drawn in terms of the Bipartite Settlement/Joint Note dated 02.06.2005.

4. As a consequence of the re-definition of ‘pay’ for the purpose of pension as stated herein above and in view of the legal position obtaining in this regard, pension already sanctioned and being paid to retirees of the period 1st April 1998 to 31st October 2002 and of the period 1st November 2002 to 30th April 2005 is to be revised with reference to the new definition of pay as referred to in Paragraph 2 above and pension so revised paid to them with effect from 1st May 2005. On account of such revision of pension, no arrears of pension and/or difference in commuted value of pension is payable to the retirees of these periods.

5. Pension in respect of the retirees of the periods mentioned in paragraph (4) above, shall be revised as per procedure detailed herein below:

I. In respect of an employee who retired during the period from 1st November 2002 to 30th April 2005.

(a) If such retirement has taken place on or after 1st September 2003, i.e. after drawing ‘pay’ in the last 10 months of service in terms of 8th Bipartite Settlement/Joint Note dated 02.06.2005, then ‘average emoluments’ for arriving at pension shall be calculated reckoning ‘pay’ as in Bipartite Settlement/Joint Note dated 02.06.2005.

(b) If such retirement has taken place on or after 1st November 2002 but on or before 31st August 2003, i.e. after drawing pay in the last 10 months of service, both in terms of Joint Note dated 14.12.1999/7th Bipartite Settlement dated 27.03.2000 and 8th Bipartite Settlement/Joint Note dated 02.06.2005, then revision of pension shall be done as per example illustrated hereunder:

Illustrative Example :

Computation of Pension in respect of a retiree (Clerk retired on 31st March 2003) who received ‘pay’ say, for 5 months as per Seventh Bipartite Settlement and for 5 months as per Eighth Bipartite Settlement.

1. ‘Pay’ drawn as per Seventh Bipartite Settlement during the first 5 months of the last 10 moths of qualifying service

Month of Service Pay (Rs.) 1st (June, 2002) 8,980.00 2nd (July, 2002) 8,980.00 3rd (August, 2002) 8,980.00 4th (September, 2002) 8,980.00 5th (October, 2002) 8,980.00 TOTAL 44,900.00

2. Dearness Allowance actually drawn or dearness allowance at CPI

2288 points, whichever is less, on ’pay’ calculated at (1) above for each month.

Month of Service DA at CPI

2288 points DA actually Drawn

Rs. Rs. 1st (June, 2002) 3140.80 (3224.00) 2nd (July, 2002) 3140.80 (3224.00) 3rd (August, 2002) 3140.80 (3348.80) 4th (September, 2002) 3140.80 (3348.80) 5th (October, 2002) 3140.80 (3348.80) TOTAL Rs.15,704.00

3. Total of ‘pay’ drawn as per (1) above Rs.60,604.00 (A)

+dearness allowance as per (2) Above for five months (i.e. Rs.44,900+15,704)

4. ‘Pay’ drawn as per 8th Bipartite Settlement during the last 5 months of qualifying service including the month in which the employee retired (Increment from February 2003).

Month of Service Pay (Rs.)

6th (November , 2002) 13,210.00 7th (December, 2002) 13,210.00 8th (January, 2003) 13,210.00 9th (February, 2003) 13,770.00(incl. FPP) 10th (March, 2003) 13,770.00(incl. FPP) TOTAL RS.67,170.00 (B)

5. Total of ‘pay’ drawn for the last 10 months i.e. Total of (A) & (B) RS. 1,27,774.00 (C)

6. Average emoluments for the purpose of pension

Total as per ( C ) above i.e. Rs. 12,777.40 10

7. Updated Basic Pension

50% of (6) above x Number of years of Qualifying service (Maximum 33 years) 33 i.e. (Rs.6388.70 x 33) = Rs. 6,388.70 33

8. Basic Pension Rs. 6,389.00 (Rounded off to Rupee)

_______________________________________________________________ II. In respect of an employee who retired during the period from 1st

April 1998 to 31st October 2002 :-

(a) If such retirement had taken place on or after 01.09.1998 in the case of a workman and 01.02.1999 in the case of an officer i.e. after drawing pay in the last 10 months of service in terms of 7th Bipartite Settlement dated 27.03.2000/ Joint note dated 14.12.1999, then ‘average emoluments’ for arriving at pension may be calculated reckoning ‘pay’ as in 7th Bipartite Settlement dated 27.03.2000/ Joint Note dated 14.12.1999.

(b) If such retirement has taken place during the period 01.11.1997 to 31.08.1998 in the case of workmen and during the period 01.04.1998 to 31.01.1999 in the case of Officers i.e. after drawing pay in the last 10 months of service, both in terms of the 6th Bipartite Settlement dated 14.02.1995/ Joint Note dated 23.06.1995 and 7th Bipartite Settlement dated 27.03.2000/Joint Note dated 14.12.1999, then revision of pension in such cases may be done as per example illustrated hereunder:

Illustrative Example :

Computation of Pension in respect of a retiree (Clerk) of the period 01.04.1998 to 31.10.2002 who received ‘pay’ say, for 4 months as per Sixth Bipartite Settlement and for 6 months as per Seventh Bipartite Settlement.

1. ‘Pay’ drawn as per Sixth Bipartite Settlement during the first 4 months of the last 10 months of qualifying service.

Month of Service Pay (Rs.)

1st (July, 1997) 5500.00 2nd (August, 1997) 5500.00 3rd (September, 1997) 5500.00 4th (October, 1997) 5500.00 TOTAL 22,000.00

2. Dearness Allowance actually drawn or dearness allowance at CPI

1684 points, on ‘pay’ calculated at (1) above for each month.

Month of Service DA at CPI 1684 points

DA actually Drawn

Rs. Rs. 1st (July, 1997) 2523.22 (2769.98) 2nd (August, 1997) 2523.22 (2846.92) 3rd (September, 1997) 2523.22 (2846.92) 4th (October, 1997) 2523.22 (2846.92) TOTAL Rs.10092.88

3. Total of ‘pay’ drawn as per (1) above Rs.32092.88 (A)

+dearness allowance as per (2) Above for four months (i.e. Rs.22,000+10092.88)

4. ‘Pay’ drawn as per Seventh Bipartite Settlement during the last 6 months of qualifying service including the month in which the employee retired (Increment from January 1998).

Month of Service Pay (Rs.)

5th (November , 1997) 8980.00 6th (December, 1997) 8980.00 7th (January, 1998) (Annual increment) 8980.00 8th (February, 1998) 8980.00 9th (March, 1998) 8980.00 10th (April, 1998) 8980.00 TOTAL RS.53,880.00 (B)

5. (a) FPP drawn as per Sixth Bipartite Settlement during the period January 1998 to April 1998 @ Rs.230.00 x 4 Rs.920.00

(b) Dearness Allowance at 1684 points on FPP As at (a) i.e. @ 107.87 x 4 Rs.431.48

(In the 7th Bipartite Settlement FPP got revised w,e,f 01.11.1999) TOTAL Rs.1,351.48 ( C )

6. Total of ‘pay’ drawn for the last 10 months i.e.

Total of (A), (B) & (C) RS. 87324.36 (D)

7. Average emoluments for the purpose of pension i.e.

Total as per (D) above RS.8732.43 10

8. Updated Basic Pension

50% of (7) above x Number of years of Qualifying service (Maximum 33 years) 33 i.e. (Rs.4301.48 x 33) = Rs. 4366.21 33

9. Basic Pension Rs. 4366.00 (Rounded off to Rupee)

(c) In the 7th Bipartite Settlement dated 27.03.2000, revision in Special Pay, Graduation Pay and Personal Qualification Pay had taken place from 01.04.1998 and of Fixed Personal Pay from 01.11.1999. In cases falling under (a) and (b) above, if an employee during the last 10 months of service, had drawn the above components of ‘pay’ at rates obtaining prior to 01.04.1998 or 01.11.1999, as the case may be, then for the purpose of calculating average emoluments, the aggregate of such component of ‘pay’ with Dearness Allowance thereon at CPI 1684 points may be reckoned

6. Dearness Relief on the basic pension computed as above shall be at

rates as given hereunder:

PART A

On and from 01.05.2005, in the case of employees who retired during the period 01.04.1998 to 31.10.2002 dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every 4 points over 1684 points in the quarterly average of the All India Average Consumer Price Index for Industrial Workers in the series 1960=100. Such increase or decrease in dearness relief for every said four points shall be calculated in the manner given below: -

Scale of Basic Pension per month

The rate of dearness relief as a percentage of basic pension

(i) Upto 3,550 0.24 per cent (ii) Rs.3,551 to Rs.5,650 0.24 per cent of Rs.3,550 plus 0.20 per cent

of the basic pension in excess of Rs.3,550 (iii) Rs.5,651 to Rs.6,010 0.24 per cent of Rs.3,550 plus 0.20 per cent

of the difference between Rs.5,650 and Rs.3,550 plus 0.12 per cent of basic pension in excess of Rs.5,650

(iv) Above Rs.6,010 0.24 per cent of Rs.3,550 plus 0.20 per cent of the difference between Rs.5,650 and Rs.3,550 plus 0.12 per cent difference between Rs.6,010 and Rs.5,650 plus 0.06 per cent of basic pension in excess of Rs.6,010

PART B In respect of employees who retire on or after 01.05.2005, dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every 4 points over 2288 points in the quarterly average of the all India Average Consumer Price Index for Industrial Workers in the series 1960=100, at the rate of 0.18 per cent of basic pension. Note: - In respect of retirees of the period 01.11.2002 to 30.04.2005, for whom pension will be revised w.e.f. 01.05.2005 in terms of Paragraph 5(I) of this circular, dearness relief shall be payable at 0.18 per cent of basic pension w.e.f. 01.05.2005. 7. The ordinary rates of family pension shall be as under:

PART A In respect of employees (other than part-time employees) who retired during the period from 01.04.1998 to 31.10.2002, on and from01.05.2005, the ordinary rate of family pension shall be as under: - Scale of pay per month Amount of monthly family pension Upto Rs.4,210 30 per cent of the ‘pay shall be the basic family

pension plus 30 per cent of allowances which are counted for making contributions to Provident Fund but not for dearness allowance shall be the additional family pension. The aggregate of basic

and additional family pension shall not be less than Rs.1,056 per month.

Rs.4,210 to Rs.8,420 20 per cent of the ‘pay shall be basic family pension plus 20 per cent of allowances which are counted for making contributions to Provident Fund but not for dearness allowance shall be the additional family pension. The aggregate of basic and additional family pension shall not be less than Rs.1,262 per month.

Above Rs,8,420. 15 per cent of the ‘pay shall be the basic family pension plus 15 per cent of allowances which are counted for making contributions to Provident Fund but not for the dearness allowance shall be the additional family pension. The aggregate of basic and additional family pension shall not be less than Rs.1,687 per month and more than Rs.3,521 per month.

PART B

In respect of employees (other than part-time employees) who retired/retires from service on or after 01.05.2005, the ordinary rate of family pension shall be as under: - Scale of pay per month Amount of monthly family pension Upto Rs.5,720 30 per cent of the ‘pay shall be the basic family

pension plus 30 per cent of allowances which are counted for making contributions to Provident Fund but not for dearness allowance shall be the additional family pension. The aggregate of basic and additional family pension shall not be less than Rs.1,435 per month.

Rs.5,720 to Rs.11,440 20 per cent of the ‘pay shall be the basic family pension plus 20 per cent of allowances which are counted for making contributions to Provident Fund but not for dearness allowance shall be the additional family pension. The aggregate of basic and additional family pension shall not be less than Rs.1,715 per month.

Above Rs,11,440. 15 per cent of the ‘pay shall be the basic family pension plus 15 per cent of allowances which are counted for making contributions to Provident Fund but not for dearness allowance shall be the additional family pension. The aggregate of basic and additional family pension shall not be less than Rs.2,292 per month and more than Rs.4,784 per month.

Note: -

i) Family pension in respect of employees who retired or died while in service on or after 01.11.2002 but before 30.04.2005 shall also be revised in terms of Part B above with effect from 01.05.2005.

ii) In the case of part-time employees, the minimum amount of family

pension and the maximum amount of family pension shall be in proportion to the rate of scale wages drawn by the employee.

8. The amount of minimum pension with effect from 01.05.2005 shall be

as under: -

(a) In respect of employees, other than part-time employees, who retired on or after 01.04.1998 but before 31.10.2002, the amount of minimum pension shall be Rs.1,060 p.m. In respect of part-time employees who retired during this period, the Minimum pension payable shall be Rs.355 p.m. in respect of part-time employees drawing 1/3 scale wages, Rs.530 p.m. in respect of part-time employees drawing ½ scale wages and Rs.795 p.m. in respect of part-time employees drawing ¾ scale wages.

(b) In respect of employees, other than part time employees, who retired

on or after 01.05.2005, the amount of minimum pension shall be Rs.1,435 p.m. In respect of part-time employees, who retired on or after 01.05.2005, the minimum pension payable shall be Rs.480 p.m. in respect of part-time employees drawing 1/3 scale wages, Rs.720 p.m. in respect of part-time employees drawing ½ scale wages and Rs.1080 p.m. in respect of part-time employees drawing ¾ scale wages.

Note: - Minimum pension being paid to retirees of the period 01.11.2002 to 30.04.2005 may also be revised with effect from to 01.05.2005 with reference to paragraph (b) above.

9. Pending amendments to PNB (Employees) Pension Regulations,

1995, pension may be computed provisionally after obtaining undertaking from pensioners/family pensioners/nominees as per performa enclosed (Annexure 14) to enable pension fund to make adjustment, if any, at a later stage.

10. The Competent recommending and sanctioning authorities are advised to prepare Pension Payment Proposals and Family Pension Payment Proposals on the revised format in case of employees retired/retiring on or after 01.05.2005. The revised formats of Annexure-I (Pension Payment Proposal) and Annexure-11 (Family Pension Payment Proposal) of Pension Fund Circular No. 5/2000 dated 30.09.2000 are enclosed herewith.

11. As regards revision of pension of the retirees mentioned in paragraph

(4) above, our Department has already sent proforma of undertakings (Annexure-15 and Annexure-16) to all the Regional Offices for obtaining Letter of Undertaking from all the pensioners/family pensioners retired/expired on or after 01.04.1998 to31.10.2002 and 01.11.2002 to 30.04.2005 and onwards.

ASSTT. GENERAL MANAGER Encl: As above

ANNEXURE-16

LETTER OF UNDERTAKING (In case of retirees of the period between 01.11.2002 to 30.04.2005

and from 01.05.2005 onwards) The Asstt. General Manager Punjab National Bank, PF & Pension Fund Department, HO : NEW DELHI. Sir,

REG: PPO No. _____________________in the name of ___________ ____________ - Revision of Pension/Family Pension consequent upon redefinition of ‘Pay’ in Bipartite Settlement/Joint Note dated 02.06.2005

Having regard to refixation of my Pension w.e.f. 01.05.2005 as per ‘Pay’ as defined in Clause 6 of 8th Bipartite Settlement dated 02.06.2005/ Note [2] under Clause 6 of the Joint Note dated 02.06.2005, I hereby undertake and authorize the Bank to make adjustment/recovery from Pension, if necessitated due to amendment in PNB (Employee’s) Pension Regulations 1995. Thanking you,

Yours faithfully,

Dated :________ ( )

ANNEXURE-15

LETTER OF UNDERTAKING (In case of retirees of the period between 01.04.1998 to 31.10.2002)

The Asstt. General Manager Punjab National Bank, PF & Pension Fund Department, HO : NEW DELHI. Sir,

REG: PPO No. _____________________in the name of ___________ ____________ - Revision of Pension/Family Pension consequent upon redefinition of ‘Pay’ in Bipartite Settlement/Joint Note dated 02.06.2005

Having regard to refixation of my Pension w.e.f. 01.05.2005 as per ‘Pay’ as defined in Clause 6 of 7th Bipartite Settlement dated 27.03.2000/ Note under Clause 5 of the Joint Note dated 14.12.1999, I hereby undertake and authorize the Bank to make adjustment/recovery from Pension, if necessitated due to amendment in PNB (Employee’s) Pension Regulations 1995. Thanking you,

Yours faithfully,

Dated :________ ( )

ANNEXURE-14

LETTER OF UNDERTAKING The Asstt. General Manager Punjab National Bank, PF & Pension Fund Department, HO : NEW DELHI. Sir,

REG: PAYMENT OF PENSION Having regard to the Wage revision Settlement, I request you to compute my Pension Provisionally on the basis of ‘Pay’ as defined in Clause 6 of Bipartite Settlement dated 02.06.2005/Note (2) below paragraph 6 of Joint Note dated 02.06.2005. Further, I hereby undertake and authorise you and/or the Bank to make suitable adjustments or effect recovery, if any, from the Pension/Family Pension payable to me/my family in future, if necessitated due to amendment in PNB (Employee’s) Pension Regulations, 1995. Thanking you,

Yours faithfully,

Dated :________ (SIGNATURE OF THE EMPLOYEE) Name : ____________________ PF A/c No.__________________ Branch/Office : ______________ 2. SIGNATURE (Family members eligible for family pension)

ANNEXURE-1 (REVISED)

PUNJAB NATIONAL BANK

PENSION PAYMENT PROPOSAL

1. Name of the employee

2. Provident Fund Account No.

3. Designation, Scale/Grade/Cadre

4. Date of Birth

5. Date of appointment in the Bank on permanent basis

6. Office/Branch, Region/zone from where retired

7. Date of cessation from service

8. Whether the employee is eligible for pension for the service rendered in Defence Services ?

9. Whether the employee is alive ? If not, date of death.

10. Date of Notice in case of voluntary retirement

11. Whether at the time of retirement employee was under suspension/ absent from duty on extra ordinary leave on loss of pay, if yes, the period thereof.

12. Class of Pension

13. Period of Service (From date of joining to Date of relieving)

……2/-

: 2 :

A. Additional qualifying service, if any. (Regulation 29)

14.

B. Period disqualifying for service, if any, (Regulation17, 21 & 22)

15. Qualifying Service for pension as on the date of retirement (Regulation 14 to 27)

Years Months Days

16. Whether appointed as part time employee : if yes: Period thereof, on 1/3 scale from ___________ to ____________ On ½ scale from ____________ to ____________ On ¾ scale from ____________ to ____________

17. Branch from where pension is to be paid __________________ Dist. No.___________________

Details of family : [Members eligible for Family Pension] 18. S.No. 1. 2. 3. 4. 5.

Name Date of Birth Relationship

Details of pay during the last 10 months of service (including the month of cessation from service) (Regulation 38). S. No.

Month & year

Basic Pay including stagnation increment

Increment component of FPA

Nature & Amount of allowances qualifying for PF & DA

Officiating allowance, if any. (Basic component only)

1 2 3 4 5 6 1

2 3 4 5 6 7 8

9 10

19.

Total

: 3 : a) Total of Basic Pay

b) Total of FPA

c) Total of Allowances

d) Total of officiating allowance Col. 6 (in case of workmen staff only)

e) Grand Total

f) Average Monthly Emoluments (Grand Total/10)

20. Average of monthly emoluments for the last ten months of service

Amount as per Col. 19 (f) __________

21. Basic Pension = Average Monthly emoluments No. of years of qualifying (as per Clause (20) x service with a max. of 33 = 2 33

22. Additional Pension in case of Officer staff only Total amount as per No. of years of qualifying Col. 19(6) x service (Max. of 33 years) = 2 x10 33

23. Date of Receipt of request for commutation

24. Date of medical certificate NOTE: Medical certificate is required in case of compulsory retirement, invalid pension and in case when commutation is desired after expiry of one year of retirement

25. Age next birthday with reference to clause 23 or 24 above (whichever is applicable).

: 4 :

26. Amount sought to be commuted from pension (Max. 1/3rd of pension and additional pension)

27. Commutation value for a pension of Rs.1/- p.a. (Refer to commutation table) [Regulation 41(4)]

28. Amount of commutation Amount sought to be Commutation value x 12 commuted (As per Col.26) x (As per col. 27) =

29. Address after retirement

30. Recovery, if any, to be made out of pensionary dues (full details to be given)

31. Recommended for sanction as under in terms of PNB (Employees)

Pension Regulations 1995 : Basic Pension : Rs. __________Less Amount commuted Rs. _________

Addl. Pension : Rs.___________Less Amount commuted Rs._________

Plus Dearness relief as applicable, Per Month

From __________(Date) and

Commutation Value : Rs. _________

Commutation portion to be restored on ____________ ( Date) Seal of the Branch/Office Signature of recommending officer Branch/Office ______________ Date : GBPA No.______________

……5/-

: 5 : 32. SANCTIONED Pension as under in terms of PNB (Employees) Pension

Regulations 1995 : Basic Pension : Rs. __________Less Amount commuted Rs. _________ Addl. Pension : Rs.___________Less Amount commuted Rs.__________ Plus Dearness relief as applicable, Per Month From __________(Date) and Commutation Value : Rs. _________ Commutation portion to be restored on ____________ ( Date) CHECKING OFFICIAL Seal of the Office SIGNATURE OF SANCTIONING AUTHORITY Designation : ______________ Date : GBPA No.______________

Office : _____________________ Note : One copy of this proposal along with Nomination Form and four copies of identification forms should be sent to HO.

ANNEXURE 11 (REVISED)

FAMILY PENSION PAYMENT PROPOSAL (To be submitted in case of employees who died while in service)

1. Name of the Deceased Employee

2. PF Account No.

3. Designation at the time of death

4. Office/Branch, Region/Zone where the deceased employee was last posted

5. Date of Birth

6. Date of Appointment in Bank’s Service

7. Date of Death (Attach Death Certificate)

i) Whether the applicant is eligible to receive family pension from the Government on account of services rendered by the spouse in Defence Services.

ii) If yes, whether the applicant wishes to draw family pension from the Government or from the Bank.

8.

iii) Details of PPO issued by the Government .

Name of the employee. PPO NO. Address of the PPO issuing authority

Details of Family Members eligible for Family Pension S.No. Name Date of Birth Relationship with the

Deceased Employee

9.

Attach birth certificate in case of son or daughter.

……2/-

: 2 :

10. Address for correspondence

11. If the deceased employee was working on part time scale. (Please mention 1/3,1/2 or ¾)

12. Details of pay last drawn by the deceased employee a) Basic Pay including stagnation increment b) Allowance reckoning for PF & DA i) ii) iii) iv) TOTAL

Rs. ________________ Rs. ____________ Rs._________________

13. Whether any compensation has been paid under Workmen Compensation Act.

14. Branch where pension is to be paid Distinctive No.

15. Family Pension

(Calculated in terms of Regulation 39) On Enhanced Rate : Basic Family Pension : Rs. _________________ Addl. Family Pension : Rs. _________________ On Normal Rate : Basic Family Pension : Rs. _________________ Addl. Family Pension : Rs. _________________

….3/-

: 3 :

Recommended for sanction of Family Pension as above in terms of PNB (Employees) Pension Regulations 1995, on enhanced rate w.e.f. ____________ and on normal rate w.e.f. _____________plus dearness relief as applicable from time to time. Seal Signature of Recommending Officer Name ________________________ Branch/Office __________________ Date : _________ GBPA No. _____________________ Sanctioned Family Pension as recommended, in terms of PNB (Employees) Pension Regulations 1995, as amended from time to time. Signature and Seal of Sanctioning Authority Designation _______________________ Date : ____________ GBPA No. _______________________

NOTE : 1. Before recommending and sanctioning the Family Pension please refer

Regulation No. 39 and 40 of PNB Employees) Pension Regulations 1995. 2. One copy of the proposal duly sanctioned along with four copies of

identification form must be sent to Pension Fund Department, HO for disbursement.