NBP Increases Pension for Retired Employees

Saeed Ahmed (President) and the Board of Directors of National Bank of Pakistan (NBP) have approved an increase in the monthly pension of all NBP pensioners. This increase is applicable on ex-employees of the bank who retired or passed away before 2016.

NBP increased pensions by 20% for those who retired before December 1998. A 15% increase in pensions was approved for those who retired between 1999 to 2009. Similarly, a 10% increase in pensions was agreed for those who retired between 2010 to 2016.

NBP also fixed the minimum pension at Rs. 6000 per month. Families of pensioners who have passed away will be eligible to receive a fixed amount of Rs. 4,500 per month with effect from January 2017.

It was also decided that the Bank will pay its arrears along with revised monthly pensions on the next payment date.

President NBP Saeed Ahmad stated that ‘our pensioners who had rendered valuable service during their employment, are the pride of the bank.’  He said that he was happy to fulfill a promise which he made with the pensioners of the bank and other stakeholders soon after his appointment as President.

“All customers who visit NBP branches whether for the purpose of drawing pensions or salaries, paying their bills or are our depositors / borrowers must be treated with respect and branch managers must make sure to provide good services in comfortable environment.” – Saeed Ahmed