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V.K. Ramamurthy vs Union Of India on 13 August, 1996

32. Sri Arvind Vashisth, learned Senior Counsel relied on the judgment in the case of V.K. Ramamurthy vs. Union of India and another reported in (1996) 10 SCC 73, where the Court was concerned with a Railway employee not opting for pension despite six chances and deliberately chose to continue in the Provident Fund Scheme. The Court took the view that the employee was not entitled to exercise his option to come over the pension scheme. In the course 33 of the judgment, no doubt, the Court did observe that under the Contributory Provident Fund Scheme, the employees would get in lump sum, which they were at liberty to invest in a manner that would yield optimum return and that relation would come to an end on their retirement in the case of Contributory Provident Fund, but that was not the case under the Pension Scheme.
Supreme Court of India Cites 5 - Cited by 17 - K Ramaswamy - Full Document
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