Tuesday, March 26, 2013

GOOD NEWS FOR THE SPOUSES OF THE EXSM RE-EMPLOYED IN SBI

 

FAMILY PENSION TO SPOUSES OF EX-SERVICEMEN EMPLOYEES OF STATE BANK OF INDIA IN ADDITION TO FAMILY PENSION FROM GOVERNMENT
 
State Bank’s e-Circular P&HRD Sl.No.1206/2012 13 dated 4th March 2013 conveying its instructions to the Branches of the Bank on granting family pension under SBI Pension Scheme in addition to the family pension from the Government.
 
The eligible spouses are requested to apply for the sanction of family pension through their pension paying home Branches with the necessary documents.
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The e-Circular

“THE SBI EMPLOYEES’ PENSION FUND RULES PAYMENT OF FAMILY PENSION TO THE FAMILY PENSIONERS OF THE DECEASED EX-SERVICEMEN EMPLOYEE PENSIONERS.
Please refer our Circular No.CDO/PM/16/CIR/68 dated the 17th November, 1999 in terms of which it was advised that the family pensioners of the deceased ex-servicemen employees/pensioners of the Bank, who are eligible for drawing family pension from the Bank as well as from the Government are required to submit their option for drawing family pension either from the Government or from the Bank. In cases the ex-servicemen family pensioners desire to draw family pension from the Government and wish to forgo family penskion from the Bank in favour of Military family pension, necessary noting is to be made. Accordingly, option is called for from the family pensioners to draw family pension either from our Bank or from Military establishment as eligibility for family pension is from one source only.
2. In this connection, the Government of India, Ministry of Defence vide their letter No.01/(05)/2010-D(Pen/Policy) dated 17.01.2013 have circulated revised instructions vide which families of Armed Forces Pensioners who get re-employment in Central Civil departments or State Govt./PSUs/ Autonomous bodies/Local Funds of Central/State Governments after getting retired/discharged from military service and were in receipt of military pension till death would be entitled to draw two family pensions i.e. the Family Pension from Military side in addition to the Family Pension, if any, authorized by the re-employer for re-employmed civil service subject to fulfillment of other prescribed conditions as hitherto fore. The revised provisions will be effective from 24th September, 2012 or thereafter. Further, the benefit of these provisions shall also be allowed in past cases however the financial benefit shall be granted from 24th September, 2012 only.
3. Pursuant to the above modification of instructions by the Government of India, it has been decided to withdraw the existing provision of calling for the option for drawing family pension either from the Government or from the Bank. Accordingly, family pension will be paid to the deceased ex-servicemen employees/ pensioners of the Bank who are also drawing family pension from the Government. The revised instructions will be effective from 24th September, 2012 or thereafter. Further, the benefit of these provisions shall also be allowed in past cases, however the financial benefit shall be granted from 24th September, 2012 only.
4. Please arrange to bring the contents of this Circular to the knowledge of all concerned.

Yours faithfully,
For Dy. Managing Director &
Corporate Development Officer”
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(Source- indian exservicemen blog)

1 comment:

  1. Thanks for the Very good information about family pension. How to get information on the desired topic if needed. Please provide information.

    ReplyDelete