There were queries about the case we won in Supreme Court for those who were pension optees, opted for SVRS but did not complete 20 years of service, which was the criteria for Voluntary Retirement as per our Pension Scheme. The management denied them the proportionate pension.
We took up this case, filing cases at Chandigarh and Chennai through our members. In Chandigarh we won and the management went to Supreme Court on appeal. Our Madras petition we tagged and the Association fought in Supreme court. The petition of the Companies were dismissed. and we won the case.
The resultant benefit is People who went on Svrs with less than 20 years of service will get a relief as below.
The Svr-optees who complete 15 years of service will get the proportionate pension for their actual service put in. As per the judgement the 5 years notional credit will be given to them ONLY FOR THE PURPOSE OF ELIGIBILITY AND NOT FOR THE PURPOSE OF CALCULATION OF PENSION. and will be paid the proportionate pension for their actual service.
Please contact your friends in the industry who comes under these guideline and ask them to approach the Association for relief, as we have decided to approach the management with the list of SVRS optees who comes under this category.
I feel this will clear all doubts about this case.
Another Good development is that our main case is now listed under Hon'ble Justice Gokhala's Bench consist of Shri. Misra, on 15th as second case for the day. Association is taking all steps to get the case heard on the day. I appeal to all the members to pray for the good.