came to know that the petitioner is not shown as a pension optee. Therefore, on 9.4.2001, the petitioner made a representation to the Manager ... Section, to verify the records and consider her case as a pension optee particularly in view of the fact that the bank's contribution
become a member of the Pension Fund.
8. It is not disputed, that the petitioner opted for pension under the settlement dated ... have completed more than 15 years of service. I am a pension optee and the bank did not pay me pension till date. I have
pension/gratuity, the said G.O. was to the following effect:
"Pension & Gratuity
In addition to pay in the public undertaking, an optee ... made entitled to pension (pension/gratuity) earned by him in Government Service prior to absorption as per the Madras Liberalized Pension Rules, 1960. However
provided with the benefit of monthly pension payment. Explanation of monthly pension payment to ERO-2003 optees only be the meaningful interpretation of the above ... Petitioners, 33 are Provident Fund optees claiming Pension who have completed 20 years of service. Seven Pension optees with less than 20 years of service
respondent was not taken into account for calculating
pension. With regard to payment of pension, the erstwhile Bank of Madura
employees ... deducted from every month's salary of each of the pension optees
including all the Writ Petitioners herein when they were in the service
require
Contributory Provident Fund Optees who are in service to become
Pension Optees upon contributing 2.8 times of the revised payable for
the month ... require Contributory Provident Fund Optees, who are in
service to become Pension Optees upon contributing 2.8 times of the
revised payable for the month
employee may have
the benefit of pension under Bank of Madura Employees Pension
Regulations. For the optees for the pension, the employers
contribution of Provident ... Fund is remitted into pension fund and optees
can only get pension in lieu of the employers contribution for the
provident fund. The Tribunal ostensibly
Scheme, since he was a Provident Fund optee and not
a Pension optee.
11. When the petitioner was remained as a Provident Fund
optee ... eligible for pension under the Pension Scheme of the year
1995.
14. As far as the Provident Fund optees are concerned, the set
of benefits
contended that under the impugned clause of the settlement the pension optees are assigned two basic pays, one for the purpose of pension and another ... terms in the contractual scheme that the optees of voluntary retirement under that scheme were eligible to pension under Pension Regulations, 1995, and, therefore, they
relieved under the
Voluntary Retirement Scheme was not maintainable. As per the pension
regulations, an employee ought to serve 90 days notice period and only ... Labour Court on the premise that 2nd
respondent/employee is a pension optee and the Bank has not contradicted
the said plea. The learned counsel
