Dear All,
You may be well aware that a judgement was pronounced on 14/17-06-2013 in WP No.4131/2010 by Nagapur Bench of Hon'ble Bombay High Court in regard to granting pension to Development Officers (SVRS-2003). The judgement came in favour of the petitioners. In support of our SVRS-2003 Development Fraternity, NFGIE is also making every effort, basing upon the said judgement, in immediate implementation by FOUR GIPSA Companies.
You may be well aware that a judgement was pronounced on 14/17-06-2013 in WP No.4131/2010 by Nagapur Bench of Hon'ble Bombay High Court in regard to granting pension to Development Officers (SVRS-2003). The judgement came in favour of the petitioners. In support of our SVRS-2003 Development Fraternity, NFGIE is also making every effort, basing upon the said judgement, in immediate implementation by FOUR GIPSA Companies.
The following are the some salient feature of judgement & our request with GIPSA:-
""The Judgement orders payment of arrears of pension (including commuted
value of pension) to SVRS-2003 Development Officers who are pension
optees and have completed 20 years of qualifying service and whose
applications for Special Voluntary Retirement Package (SVRS-2003) have
been accepted by the Public Sector General Insurance Companies after
adding 5 (five) years of qualifying service while determining the
quantum of pension as per Paragraph 30(5) of the General Insurance
(Employees’) Pension Scheme, 1995 on or before 31st January, 2014. Further, with effect from 1st February,
2014 payment of arrears to be paid with interest. Copy of
Paragraph-30(5) of the General Insurance (Employees’) Pension Scheme,
1995 attached hereto.
References: The Hon’ble Supreme Court
of India Judgement reported at (2009) 5 SCC 313 dated 27.03.2009 (Civil
Appeal No. 1942 of 2009) Bank of India & Another Vrs. K. Mohandas
& Others., due to which Judgement Public Sector Banks have already
released payment of arrears of pension (including commuted value of
pension) after adding 5 (five) years of qualifying service to all
eligible Bank employees/officers 4 years ago.
GIPSA being requested: Therefore,
you are requested to implement above said Judgement of Hon’ble Bombay
High Court (Nagpur Bench) and to order to Public Sector General
Insurance Companies to make payment of arrears of pension (including
commuted value of pension) after adding 5 (five) years of qualifying
service while determining the quantum of pension as per Paragraph 30(5)
of the General Insurance (Employees’) Pension Scheme, 1995 to pension
eligible Development Officers who opted for Special Voluntary Retirement
Package (SVRS-2003) immediately.""
...EDITOR
The following are the some salient feature of judgement & our request with GIPSA:-
""The Judgement orders payment of arrears of pension (including commuted
value of pension) to SVRS-2003 Development Officers who are pension
optees and have completed 20 years of qualifying service and whose
applications for Special Voluntary Retirement Package (SVRS-2003) have
been accepted by the Public Sector General Insurance Companies after
adding 5 (five) years of qualifying service while determining the
quantum of pension as per Paragraph 30(5) of the General Insurance
(Employees’) Pension Scheme, 1995 on or before 31st January, 2014. Further, with effect from 1st February,
2014 payment of arrears to be paid with interest. Copy of
Paragraph-30(5) of the General Insurance (Employees’) Pension Scheme,
1995 attached hereto.
References: The Hon’ble Supreme Court
of India Judgement reported at (2009) 5 SCC 313 dated 27.03.2009 (Civil
Appeal No. 1942 of 2009) Bank of India & Another Vrs. K. Mohandas
& Others., due to which Judgement Public Sector Banks have already
released payment of arrears of pension (including commuted value of
pension) after adding 5 (five) years of qualifying service to all
eligible Bank employees/officers 4 years ago.
GIPSA being requested: Therefore,
you are requested to implement above said Judgement of Hon’ble Bombay
High Court (Nagpur Bench) and to order to Public Sector General
Insurance Companies to make payment of arrears of pension (including
commuted value of pension) after adding 5 (five) years of qualifying
service while determining the quantum of pension as per Paragraph 30(5)
of the General Insurance (Employees’) Pension Scheme, 1995 to pension
eligible Development Officers who opted for Special Voluntary Retirement
Package (SVRS-2003) immediately.""
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