that the petitioner was a Provident Fund optee
and not a pension optee. It is further stated by the respondents that on
9.5.2005, the petitioner ... Statements, it is clearly mentioned that the
petitioner was not a pension optee. It is further stated that after his
retirement, the petitioner submitted refund
petitioner had submitted his option for pension and
accordingly in the record he was shown as Pension Optee. Copy of the said
recommendation has been ... deposited in the Pension Fund. Further, in the
salary slip of the petitioner also, he was always shown as Pension Optee.
During the course
Regulation 28 of Pension Regulation 1995, it has been decided to allow superannuation pension to those employees who are pension optees with minimum 15 years ... sent to Pension Fund Deptt. Through respective RO/ZO only under Regulation 28 pertaining to superannuation pension.
b) That the employees (pension optees
pension optee. Pension Regulations came into effect on
29.9.1995 as per which employees retired on or after 1.1.1986
till the above effective date were eligible ... date, you
were not eligible to opt for pension.
As you were not a pension optee, you are not covered by
Syndicate Bank Employees
Regulation 28 of Pension Regulation
1995, it has been decided to allow superannuation
pension to those employees who are pension
optees with minimum 15 years ... sent to
Pension Fund Deptt. Through respective
RO/ZO only under Regulation 28
pertaining to superannuation pension.
b) That the employees (pension optees
have retired shall qualify for pension.
LPA No. 312 of 2008 5
28. SUPERANNUATION PENSION:-
Superannuation pension shall be granted to an employee ... above, that the employees who are seeking
voluntary retirement and are Pension Optees under Pension
Regulations 1995, will be eligible for pro-rata pension
Regarding claim of the
petitioner-workman for grant of pension for seven months, the Tribunal
held that the petitioner has ceased to be an employee ... management has raised the following plea:
"c) He was not pension optee, so question of
pension does not arise and whatever was due such
having submitted pension option. It is also pointed out that the respondent Bank's contribution of pension optees have been transferred to the Pension ... bank's contribution towards his pension trust account or he has been reflected as pension optee, the petitioner cannot claim pension. It is admitted
claim is factually
incorrect that the petitioner was not an optee for pension scheme, whereas,
the petitioner had duly opted for the same within
with this Scheme vide its clause (II) itself
made optees entitled to pension as per
1995 Pension Scheme. A person seeking
voluntary retirement is bound
