pnb contributory hospitalisation scheme for retired emplyees PAD 52/2011 19-08-2011

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  • pnb contributory hospitalisation scheme for retired emplyees PAD 52/2011 19-08-2011



The Board in its meeting held on 18.02.2009 approved introduction of “PNB Hospitalization Contributory Benefit Scheme for Retired Employees” under the staff welfare fund. The scheme covers all the retired employees irrespective of cadre and the scheme stands circulated vide HRD Division Cir.No.515 dated 19.02.2009.


2 The funds for running the said scheme come from Staff Welfare Fund as well as by way of one time subscription of Rs.5000/- by retiring employees. The objective of the scheme is to provide hospitalisation assistance to the eligible retired employees and their spouses. Further, on the requests received from various unions/associations and also from retired employees, the Division vide its Circular No.527 dated 14.03.2009 extended the last date for receipt of application to 30.04.2009 and thereafter to 30.06.2009 vide Circular No.546 dated 06.05.2009. 

3 The scheme was modified vide HRDD Circular No.530 dated 20.03.2009 to permit officers/workmen who had retired voluntarily under PNB Officers’ Service Regulations/PNB Employees Pension Regulation after putting in 30 years of service in the bank or completing 55 years of age, whichever was earlier to become member of the scheme with the condition that such retirees shall be entitled to avail the benefits under the scheme only on attaining the age of 60 years. 

4 Further, we have been receiving representations from various unions/associations of retired employees to open the membership in the scheme for those who could not become members earlier. On the recommendation of the Core Working Group, it has been decided that the Scheme be kept open on ‘On-going’ basis and all eligible retirees who could not become a member within a specified period may become member at any point of time with the condition that he would be able to claim benefits under the Scheme after one year from the date of realization of cheque/draft towards one time subscription. All other terms and conditions of the scheme shall remain unchanged. 

5 All such eligible retired officers/workmen who could not become members

earlier for any reason whatsoever and are desirous of becoming members of the scheme, may send their enrolment forms/applications to Chief Manager, Personnel Administration Division, Head Office, 7 Bhikhaiji Cama Place, New Delhi along withCBS Cheque /Demand Draft of Rs.5000/- favouring ‘PNB Hospitalization Contributory Benefit Scheme for Retired Employees’. Enrolment/ Application Form as circulated vide HRD Division Cir. No. 515 dated 19.02.2009 is enclosed for ready reference



7 This circular is also available on bank’s website: