Dear friends,
A voluntary retirement scheme introduced by a company does not entitle an employee as a matter of right to the benefits of the scheme. Whether an employee should be allowed to retire in terms of the scheme is a decision which can be taken only by the employer, except in cases where the scheme itself provides for retirement to take effect when the notice period comes to an end, the Supreme Court stated in the judgment, C V Francis versus Union of India. In this case, a manager of the Steel Authority of India applied for voluntary retirement scheme (VRS) and left the country to take up employment in the US. He did not join duty and the application for VRS was not accepted. His services were terminated. He challenged these actions in the Jharkhand high court which rejected his arguments. The Supreme Court dismissed his appeal.
Thanks
From India, Malappuram
1442A voluntary retirement scheme introduced by a company does not entitle an employee as a matter of right to the benefits of the scheme. Whether an employee should be allowed to retire in terms of the scheme is a decision which can be taken only by the employer, except in cases where the scheme itself provides for retirement to take effect when the notice period comes to an end, the Supreme Court stated in the judgment, C V Francis versus Union of India. In this case, a manager of the Steel Authority of India applied for voluntary retirement scheme (VRS) and left the country to take up employment in the US. He did not join duty and the application for VRS was not accepted. His services were terminated. He challenged these actions in the Jharkhand high court which rejected his arguments. The Supreme Court dismissed his appeal.
Thanks
From India, Malappuram
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VRS scheme.pdf
Copy of VRS.xls