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The IBA issued a clarification on January 29, 2021, regarding the release of a notional stagnation increment for pension purposes under the 10th Bipartite Settlement for retirees between November 1, 2012, and April 30, 2015. It was determined that banks could extend this benefit to eligible staff who retired during this period, with monetary benefits effective from May 1, 2015. The document also outlines eligibility criteria and pension calculations for various staff categories, including subordinate and cl

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rmd3280

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EN