Pension for KCCB employees to be launched before Diwali

DHARAMSALA: The retired employees of Kangra central cooperative bank (KCCB) are looking forward to a bright Diwali, with the bank planning to launch its pension scheme before the festival in November.

"The pension scheme shall be launched for the retired employees before Diwali," Chairman of KCCB Jagdish Sepahia said here today.

Sepahia told a meeting that the bank management has put forward a good scheme for retired employees on the initiative of Himachal Pradesh Chief Minister Virbhadra Singh,

"A monthly fixed pension amount varying between Rs 5000-15000 shall be paid in accordance with the post they retired from", he said.

The pension amount shall be paid from the interest of Rs 25 crore corpus of employees welfare fund and 3 per cent yearly contribution from net profit of Bank and other such funds, he said.

A sum of Rs 12 crore is already in the pool.