In india, only state bank of india employees joined before 01/04/2010 get contributory p.f. (cpf) & pension both. Generally, in other sectors employees have an option to get either pf and pension or cpf. So, sbi employees get maximum termination benefits (cpf,pension & gratuity) than all others.
From India, Calcutta
From India, Calcutta
No sure if your facts are correct. The pension may be Self contributory pension scheme. Please check up.
From India, Chennai
From India, Chennai
The employees have no contribution towards pension in SBI, I am sure and contacted with number of employees after getting your reply.
From India, Calcutta
From India, Calcutta
what is your query? If the stated above are correct, it may be construed that their union is strong in negotiating the terminal benefits. In other Govt depts/PSUs, either one is applicable. I am not sure as to whether they are covered under defined pension or contributory pension(NPS)
Pon
From India, Lucknow
604Pon
From India, Lucknow
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