The Supreme Court has ruled that employees can't claim voluntary retirement scheme (VRS) benefit as matter of right. A bench headed by Chief Justice Altamas Kabir said that the decision-taking power lies only with the employer firm. The exception will be only in cases where the scheme itself provides
for retirement to take effect when the notice period comes to an end. The observation came in a verdict relating to the termination of C V Francis, a Kerala resident from Steel Authority of India at Bokaro in Jharkhand.
ALL INDIA ASSOCIATION OF CENTRAL EXCISE GAZETTED EXECUTIVE OFFICERS(AIACEGEO)(Recognised vide CBEC letter F.No. B. 12017/10/2012-Ad.IV A Dt. 25.02.13 ) (Disclaimer- The views expressed in the Blog post are purely for the consumption of members of AIACEGEO only and the data/facts contained therein should be first verified with authentic source, before using the same, by anyone).