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Friday, June 13, 2008

Lungar Gupp XXXXIII

1. Career Progression. It is reliably learnt that five posts of AGMs have been increased in our cadre. Whether the total number of AGMs will be 9 (as was the position in 2004) or 10 (as the number increased suggests) remains to be seen. In any case we will soon be having either 4 or 5 spanking new AGMs (albiet a bit old and rusty !). The race will also be interesting with a total of 12 or 13 guys lining up for the scratch (six old horses included)
2. Lien Related Woes. It is rumoured that officers will no longer be granted lien by the Bank. This is real bad news for some guys who had landed good jobs in the private sector. This, however, is not confirmed news. I will not be surprised if this holds true in case of Neeraj as his recommendation from this place was negative.
3. Voluntary Retirement. At long last (after 5 months) I have got the Bank's response to my query regarding seeking premature retirement under Staff Regulation 26 (3) - i.e. on attaining the age of 50 years. We are entitled to counting of past military service as well as the notional benefit of 5 years in case we plan to throw the towel into the ring.