Pension in State Bank of India has been most grotesque an issue for a long time. I have dealt with it in several posts of mine in this very blog. A very large number of the readers tremendously responded with most of them giving a sound feedback through their meaningful and elaborate comments on the topic. An issue like pension in State Bank of India needs more of statistical support to add necessary strength to it and the comment givers, who provide relevant data for the purpose, are contributing material worth the required attention. One such comment by K.R. Saini is given a repeat below for the close consideration of the readers, or more so to be used by those who are handling necessary negotiation on the subject. This comment is already there on my site but the same is reiterated here with slight modifications as a reproduction to overcome the casualness with which the comments are otherwise perused normally.
“……….IN CONTINUATION OF MY WRITE UP DATED 7-09-2012 I WANT TO CLEAR THE PENSION SCHEME IN SBI,THOSE WHO RETIRED BETWEEN1-11-1987 TO 31-10-1992 ARE GETTING MAXIMUM PENSION RS 2400/ PER MONTH AS BASIC PENSION AGAINST MAXIMUM PAY AT THE TIME OF RETIREMENT RS7500/(DEPUTY MANAGING DIRECTOR PAY)THOSE RETIRED BETWEEN1-111992 TO 31-10=1997 ARE GETTING MAXIMUM PENSION RS5920/ AS BASIC PENSION AGAINST MAXIMUM PAY OF RS14800/(DEPUTY MANAGING DIRECTOR PAY,) THOSE RETIRED BETWEEN1-11-1997 TO 31-10-2002 IS GETTING MAXIMUM PENSION RS 5920/ AGAINST MAXIMUM PAY OF RS23700/(DEPUTY MANAGING DIRECTOR PAY) THOSE RETIRED BETWEEN 1-11-2002 TO 31-10-2007 ARE GETTING MAXIMUM PENSION RS15560/ AS BASIC PENSION AGAINST MAXIMUM PAY OF RS38900/(DEPUTY MANAGING DIRECTOR PAY) THOSE RETIRED BETWEEN 1-11-2007 TO 31-10-2012 WILL GET MAXIMUM PENSION OF RS22500/AS BASIC PENSION AS AGAINST MAXIMUM PAY OF RS55000/(DEPUTY MANAGING DIRECTOR PAY) KINDLY NOTE LAST CATEGORY FIGURES ARE ESTIMATED FIGURES AND ACCURATE TO EXTENT OF 95%..YOU WILL FIND THAT NOT A SINGLE CATEGORY IS GETTING 50% AS BASIC PENSION AND ONLY THOSE RETIRED BETWEEN 1-11-2002 TO 31-10-2012 ARE GETTING 40% AS BASIC PENSION AND THOSE RETIRED BETWEEN 1-11-1992 TO 31-10-1997 IS ALSO GETTING 40% AS BASIC PENNSION ALL THE REMAING RETIREES ARE GETTING LESS THAN 30% OF THEIR PAY AS BASIC PENSION. K.R SAINI
P-S–DEPUTY MANAGING DIRECTOR POST IS THE HIGHEST POST IN SBI AND CHAIRMAN AND MANAGING DIRECTOR ARE APPOINTED BY THE GOVRNMENT OF INDIA. WITH BEST REGARDS. K.R SAINI”