Supreme Court of India
National Insurance Special Voluntary Retired/ Retired Employees Association & Anr. v. United India Insurance Co. Ltd. & Anr.
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What the Court ordered
We are of the view that the answer to this question must be in the negative. 4 Supra.
Judgment, page 8
From the headnote
Service Law – Voluntary Retirement – Appellant-ex-employees of the respondent Insurance Companies went out of service taking advantage of the General Insurance Employees’ Special Voluntary Retirement Scheme, 2004 (SVRS-2004 Scheme) – Appellants contended that they were also entitled to claim benefits under the earlier scheme known as the General Insurance (Employees) Pension Scheme, 1995, which inter alia provided that qualifying service of an employee, retiring under 1995 scheme, would be increased by a period not exceeding 5 years, subject to certain conditions – Held: The SVRS-2004 Scheme…
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