Employees can’t claim VRS benefit as matter of right: Supreme Court
“A voluntary retirement scheme introduced by a company, does not entitle an employee as a matter of right to the benefits of the scheme,” a bench headed by Chief Justice Altamas Kabirsaid.
The Bench also held “Whether an employee should be allowed to retire in terms of the scheme (VRS) is a decision which can only be taken by the employer company, except in cases where the scheme itself provides for retirement to take effect when the notice period comes to an end,” Source Economic Times