received the entire pension amount as commuted value of pension.
Since 100% pension was commuted, the appellants did not get any
monthly pension thereafter ... eyes can be permitted restoration of
pension and grant of monthly pension at this stage under the
Pension Rules?
15. The gist of the arguments
Trust. Importantly, the SBF
Scheme envisaged and assured a post-retirement monthly pension of 40% of
the last drawn salary for a period of guaranteed ... guaranteed benefit for 15 years. Employee had an option to
commute 1/3rd pension on superannuation. Clause 13 of MoU provided that
in case Government
Trust. Importantly, the SBF
Scheme envisaged and assured a post-retirement monthly pension of 40% of
the last drawn salary for a period of guaranteed ... guaranteed benefit for 15 years. Employee had an option to
commute 1/3rd pension on superannuation. Clause 13 of MoU provided that
in case Government
Para 30 of the Pension Scheme
shall not be admissible for purposes of determining the quantum of
pension and commutation of pension. It follows that ... left, whichever is less. Other benefits
admissible were gratuity, pension including the commuted value of
pension, bank's contribution towards provident fund, and leave
Corporation Limited
('NTPC') to pay post-retirement benefits including pension and commuted
value of pension to the Petitioners as per erstwhile 'Self ... from the month following
the date of discharge from service.
7.4 COMMUTATION OF PENSION:-
The Member may at his sole discretion commute a part
available even on voluntary retirement such as
provident fund, gratuity, commutation of pension, leave encashment etc., in
addition to the ex-gratia payment. Para ... stipulated in Para 30 of the
said Pension Scheme while determining the quantum of pension and
Commutation of pension;
(iv) Leave Encashment;
(v) All other
available even on voluntary retirement such as
provident fund, gratuity, commutation of pension, leave encashment etc., in
addition to the ex-gratia payment. Para ... stipulated in Para 30 of the
said Pension Scheme while determining the quantum of pension and
Commutation of pension;
(iv) Leave Encashment;
(v) All other
Signing Date:03.06.2023
12:54:39
gratuity and commutation of pension/monthly pension have also been
released. However, Petitioner is not entitled to terminal benefits ... account of Provident Fund (Petitioner's contribution),
Gratuity, Leave Encashment, commutation of Pension and monthly
pension is also being paid. Thereafter, a decision
benefits towards Leave
Encashment amounting to Rs.9,36,632/-; towards Commutation of Pension
amounting to Rs.13,37,261/-; and towards LTC and Medical ... commutation of pension of
Rs.13,37,261/-; pension after commutation @ Rs.20,400/- per month; leave
encashment for 300 days leave to his credit
benefits towards Leave
Encashment amounting to Rs. 6,83,280/-, towards Commutation of
Pension amounting to Rs.9,20,351/-, and
[b] Issue a writ ... month from 01.10.2023; commutation of
pension of Rs.9,20,351/- ; pension after commutation Rs.14,040/- per month
effective from the date of disbursal
