The Supreme Court on Thursday gave an important decision regarding VRS (Voluntary Retirement). The Supreme Court said, “Employees who take Voluntary Retirement (VRS) before the date of superannuation cannot claim parity with those who retire after attaining the age of superannuation.” Voluntary Retirement: Supreme Court made big decision on VRS.
This observation of the apex court came during the hearing of a petition challenging a decision of the Bombay High Court. This petition was filed in the Supreme Court by the employees taking VRS, who were denied the benefit of revision in pay scales.
A bench of Justice Aniruddha Bose and Justice S Ravindra Bhat said that the employees of Maharashtra State Financial Corporation (MSFC) who availed VRS and left the service voluntarily are in a different position.
The bench said, “It is held that the employees who have taken VRS cannot claim parity with those who have retired after completing their tenure. They cannot claim parity with those who have continuously worked, discharged his duties and then retired.” The Court said, “Certainly what should be the limit of wage revision is a matter falling in the domain of executive policy-making.”
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The court said, “There is also a larger public interest involved. It pertains to revision of salaries of public sector officers and employees. It is good public policy to understand the Union and State Governments and other public employers who, from time to time, But salary has to be revised. The court said, “Wage revision also serves other purposes such as encouraging a sense of commitment and loyalty to public employment.”
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