Supreme Court of India
Central Bank of India & Ors. v. Tara Chand
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What the Court ordered
In view of the aforesaid discussions, this appeal is allowed, judgments of the High Court are set aside and the writ petition filed by the respondent is dismissed.
Judgment, page 14
From the headnote
Service Law: Pro-rata pension – Denial of, on opting for voluntary retirement under Voluntary Retirement Scheme – Writ petition – Single Judge of High Court directed the employer-Bank to extend the benefit of pro-rata pension in terms of the Scheme r/w. Pension Regulations – Division Bench of High Court upheld the order of Single Judge – Appeal to Supreme Court – Held: In view of Clause 6(ii) of Voluntary Retirement Scheme, payment of pension under the Scheme has to be as per Pension Regulations – As per Regulation 28 of Pension Regulations, an employee who opted for retirement before…
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