Bare ActsKerala Cooperative Societies Employees Self Financing Pension Scheme, 1994

Section 21

Retiring Pension.

Amendment status not verified — confirm the current text below against the official source.

A retiring pension shall be granted to an employee who retired voluntarily [after completing a minimum of twenty years of qualifying service on attaining the age of 50 years], namely: (a) the employees shall give a notice in writing to the appointing authority indicating his intention to retire, at least three months before the date on which he wishes to retire: Provided that the appointing authority may accept a notice of less than three months if the reasons stated therein are acceptable to that authority. (b) voluntary retirement shall take effect only on the grant of permission to retire by the appointing authority; (c) where any disciplinary or judicial proceedings are pending against an employee, the appointing authority shall not grant the permission to retire till such proceedings are finally disposed of. Substituted by SRO. 271/2001 w.e.f. 1-4-1998.

Section 21 – Kerala Cooperative Societies Employees Self Financing Pension Scheme, 1994 | DailyLaw.ai