THE management of the United Bank Ltd has made a 50 per cent reduction in the pension of its former ex-employees. On June 12, I got my statement of account issued from the concerned branch. The statement revealed that no pension was paid in March whereas in April and May only 50pc of the pension was credited to my account.
The total amount of pension is Rs.8, 400 per month, whereas the amount being paid by the bank (April to May, 2019) is Rs.4, 200 per month. May I ask the bank management on what legal premise have they reduced the pension? As far as my knowledge goes there is no rule or law which allow the bank management to reduce the pension.
