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Pension  Regulations

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Service matter – VRS scheme 2000 – Pension Who completed 20 years of service are entitled to the benefit of Regulation 29 by the date of VRS – Regulations 28 , 29 and Regulation 18 of the Pension Regulations, 1995 – High court relying on earlier DB bench judgement of Punjab National Bank dismissed the writ petition as the employees who took voluntary service not completed the requisite period for granting pension – basing on that judgment Bank filed this appeal – Apex court held that Regulation 18 of the Pension Regulations, 1995 provides that if broken period is more than six months, it shall be treated as one year. Therefore, all the respondents-writ petitioners having completed more than 19 years and 6 months of service in the Bank, they are to be treated to have completed 20 years of service. The aforesaid question was neither raised nor decided in the case of ‘Bank of Baroda’ or ‘Bank of India’. In view of the aforesaid fact, the appellant-Bank cannot derive the benefit of the decision of this Court in Bank of Baroda as the employees who were parties before the Court in the said case had not completed 20 years of service. As per the decision of this Court in Bank of India, the respondents-writ petitioners having completed 20 years of service are entitled to the benefit of Regulation 29.In view of the finding recorded above, the appeals do not have merit in reference with the impugned judgment,they are, accordingly, dismissed. No costs. = STATE OF BANK OF PATIALA … APPELLANT VERSUS PRITAM SINGH BEDI & ORS. … RESPONDENTS = 2014 – July. Part – http://judis.nic.in/supremecourt/filename=41751

 Service matter – VRS scheme 2000 – Pension  Who completed  20  years  of  service  are entitled to the benefit of Regulation 29 by the date of VRS – Regulations 28 , 29 and Regulation 18 of  the  Pension  Regulations,  1995 –  High court relying on earlier DB bench judgement of Punjab National Bank dismissed the writ petition  as … Continue reading

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