THIRUVANANTHAPURAM, FEB. 27:
The High Court of Kerala has admitted a writ petition filed by State Banks’ Staff Union (Kerala) to quash implementation of the New Pension Scheme (NPS) in State Bank of India.
The writ also prayed for directions to revert those recruited on or after August 1, 2010, back to existing pension scheme.
HEARING POSTED
Justice P. N. Ravindran has posted the case for further hearing after a month.
The interim order directed that amounts contributed by employees towards the pension fund be kept in a separate account and maintained with the trustee bank.
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