future employment.""
2.5 Kamlesh Pratap Singh not being a pension optee was paid
terminal/superannuation benefit, i.e. his own as well ... benefits as
would be due otherwise. Importantly, the employee was a pension optee
and was, therefore, entitled to pension in terms of the Regulation. Pension
opted out of the pension scheme, although such a person
originally was deemed a pension optee by failing to exercise the option
within 30 days ... writing regarding
pension. Hence I am entitled for pension. I do not want to get
pension. Please cancel by pension. I will be obliged.
Thanking
opted out of the pension
Scheme, as per the said Clause, the applicant should be treated as a
pension optee, and should be granted ... release the pension and
other benefits under the said Pension Scheme to the applicant on par
with other pension optees, within a period
said amount to the 1st
Respondent, as available to the pension optees under the " Baroda
Loan to retirees for pension option ... respondent-branch
for pension option which was specifically made available for the
benefit of such pension optees. That the loan was granted to the
petitioner
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
benefits that accrue to CPF optees in comparison with GPF/Pension
optees paints a stark picture. One should keep in mind that while opting ... rate of interest, the end package would compare favourably with Pension
optees, with respect to returns earned at the stage of superannuation. In other
words
pension scheme, to exercise fresh option for pension. The
respondent-applicant had exercised his option to be covered by
the pension scheme. Despite the aforesaid ... opted out of the pension scheme. Merely because his
name did not figure in the list of pension optees stated to have
been prepared
bank is
available from the fact that the first
option under the pension scheme was
available to all the retirees including
those, who were compulsorily ... petitioner, but it applies only to those,
who were pension optees by the date of
imposition of penalty of compulsory
retirement. The averment, as above
continuous service for the limited purpose of pension, if
the respondent is a pension optee.
Post compulsory retirement, the respondent kept on making
representations
been submitted that deceased Mukesh Kumar was not a pension optee. The net terminal benefits received by the family of late Sri Govind Kumar were ... family of the petitioner was receiving pension whereas late Sri Govid Kumar was not a pension optee and as such his family was not reeving
