Search Results for "Pension Regulations 1995"

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Search Results for "Pension Regulations 1995"

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Supreme Court

Supreme Court Upholds RBI Circular Denying Arrears of Pension from Date of Retirement in Pension Option Case. Prospective Pension from July 1, 2020, Upheld as Valid Exercise of Employer's Discretion.

10 Jul 2025

The Reserve Bank of India (RBI) appealed against a Division Bench judgment of the Kerala High Court that had dismissed its appeal against a Single Jud...

Supreme Court

Supreme Court Allows State's Appeal Against High Court Direction to Amend Pension Regulations for Statutory Board Employees. High Court Exceeded Jurisdiction by Directing Amendment of Regulation 52 of Orissa Khadi and Village Industries Board Regulations, 1960 When Regulation Explicitly Denied Pension Entitlement and Was Not Challenged as Invalid.

17 Mar 2023

The appeal arose from a dispute concerning pensionary benefits for employees of the Orissa Khadi and Village Industries Board. The State of Orissa cha...

Supreme Court

Supreme Court Upholds Retired Employees in Cooperative Bank Pension Dispute - Pension Scheme Cannot Be Unilaterally Discontinued After Employees Have Opted and Availed Benefits Under Punjab State Cooperative Agricultural Development Banks Employees Pension, Family Pension and General Provident Fund Rules, 1989. The Court held that pension is a deferred wage and accrued right, and amendments to service rules under Section 84A(2) of Punjab Cooperative Societies Act, 1961 must be prospective, protecting employees' legitimate expectations.

11 Jan 2022

The dispute arose from the Punjab State Cooperative Agricultural Development Bank Ltd.'s decision to discontinue a pension scheme introduced in 1989 f...

Supreme Court

Supreme Court Upholds Pro-rata Pension for Voluntary Retiree Under Bank's Voluntary Retirement Scheme. Employee with 11 years of service and over 40 years of age held eligible for pension under Regulation 14 of Central Bank of India (Employees') Pension Regulations, 1995.

31 Jul 2019

The case involves an appeal by the Central Bank of India against a judgment of the Rajasthan High Court which allowed the writ petition of the respond...

Supreme Court

Supreme Court Allows LIC's Appeal Against Resigned Employee's Pension Claim — Resignation Not Voluntary Retirement Under Pension Rules. Employee Who Resigned Before Pension Scheme Notification Not Entitled to Retrospective Benefits Under LIC Pension Rules, 1995.

15 Mar 2019

The Supreme Court considered a batch of appeals concerning employees of the Life Insurance Corporation of India, United India Insurance Company Limite...

Supreme Court

Supreme Court Allows LIC Appeal, Denies Pension to Resigned Employee Under Retrospective Pension Rules. Resignation Forfeits Past Service and Cannot Be Equated with Voluntary Retirement Under LIC Pension Rules, 1995.

15 Mar 2019

The Supreme Court considered a batch of appeals concerning employees of the Life Insurance Corporation of India (LIC), United India Insurance Company ...

Supreme Court

Supreme Court Allows LIC Appeal, Denies Pension to Resigned Employee Under Retrospective Pension Rules. Resignation Forfeits Past Service Under Rule 23 of LIC Pension Rules, 1995, and Cannot Be Equated with Voluntary Retirement.

15 Mar 2019

The Supreme Court considered a batch of appeals concerning employees of the Life Insurance Corporation of India (LIC), United India Insurance Company ...

High Court

Bombay High Court Allows Pension Option to Voluntary Retiree in State Bank of Bikaner & Jaipur Case — Regulation 18 of Pension Regulations Applies for Eligibility, Not Just Calculation. The court held that the bank's communication denying pension eligibility under Regulation 18 was erroneous and directed fresh consideration of the petitioner's pension option.

21 Sep 2018

The petitioner, Vandana w/o Eknath Bhondwe, a retired employee of State Bank of Bikaner & Jaipur (now State Bank of India), filed a writ petition chal...

High Court

High Court of Bombay Allows Pension Benefits to Retired Bank Employee Despite Delay in Deposit of Amount Under Joint Note. The court held that the three-day condition imposed by the bank was arbitrary and unreasonable, and that the petitioner's substantive right to pension could not be defeated by a procedural technicality.

18 Aug 2016

The petitioner, Ramesh Gajanan Nigudkar, joined the Bank of Baroda as a subordinate staff member on 4 March 1967 and retired after 39 years of unblemi...

High Court

Bombay High Court Allows Pension Benefits to Retired Bank Employee Despite Delay in Deposit of Contribution Amount Under Joint Note Dated 27 April 2010. The court held that the three-day period for deposit was unreasonable and that the petitioner's substantial compliance warranted granting pension.

18 Aug 2016

The petitioner, Ramesh Gajanan Nigudkar, joined the Bank of Baroda as a subordinate staff member on 4 March 1967 and retired after 39 years of unblemi...

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