THE CANARA BANK OFFICERS' ASSOCIATION (REGD)
EMPLOYEES ON SUPERANNUATION
(Memo 79/2006 dt 29/11/2006
The scheme is intended to reward the retiring employees for their contribution to the Bank while they were in the service.
a. All employees who shall retire from 01.04.2006 onwards on superannuation only shall be entitled for the memento.
b. Employees who shall retire under Voluntary Retirement Scheme of the Bank/employees who have been discharged/dismissed/ removed from the service/compulsorily retired/terminated on the grounds of misconduct/who resigns from the services of the Bank are not entitled for the memento.
c. The memento shall be in the form of presenting one pair of wrist watch (one lady's model and one gent's model with Bank's emblem on the dial).
d. The memento shall be given on the day of superannuation.
e. The memento shall be bestowed only on receipt of advice from the respective HRM Section.
f. HRM Sections are required to despatch sufficient number of watches to the respective branches depending on the number of employees retiring on superannuation during the year.