THE National Bank of Pakistan management has different formulas in pension rules for retired employees. This practice had divided the retirees into various categories despite being in the same cadre during service and given rise to many anomalies.

The details are as follows:

1) Employees who retired between 1.1.1999 to 2003 are entitled to 10 per cent of their basic pay as pension. This means not more than Rs8,000 is given as pension to a retiree.

2) Employees who retired between 1.1.2004 to 2009 are entitled to 25per cent of basic pay. This comes to a maximum of Rs15,000 as pension.

3) Employees who retired from 1.1.2010 to date are entitled to 50pc of pay as pension which is not less than Rs 40,000 pension per month.

Naturally, the employees who fall under category one are facing severe financial constraints. Some pensioners filed a case in the apex court which they won and the bank went into appeal. To date the court has not heard the appeal.

Meanwhile the NBP president in various meetings with delegations of pensioners has promised to settle the case out of court.

Pensioners who are in the late twilight of their lives appeal to the bank management to raise their pittance and provide them succor in their last days.

Mahmood Ahmad Minhas

Lahore

Published in Dawn, January 17th, 2019