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(2024) Law Today Live Doc. Id. 19156
Reserved on: 11.03.2024 Decided on: 20.03.2024
UCO Bank (Employees’) Pension Regulations, 1995, Regulation 14, 18 – Pension -- Minimum 10 years of service for pension – Broken period of service of less than one year -- Interpretation of – Petitioner rendered 9 years 10 months and 5 days of service -- In terms of substantive provision of Regulation No.18, service rendered by the respondent has to be reckoned as 10 years on the date of his retirement -- Appellant Bank cannot be permitted to take shelter behind proviso to this regulation to contend that such computation of service shall not be applied for determining eligibility for pension -- A right/ benefit vested/ bestowed in the employee under substantive provision of Regulation cannot be taken away by its proviso – Respondent/ writ petitioner held qualified for pension.
(Para 1-3)
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