Administration Manual - B.E.S.T. Undertaking.

4.7.2 (7) SUPERANNUATION:
The retirement age of all members of staff is 58 years. However, after
attaining the age of 50 years and completing 20 years minimum service, ‘A’
grade Officers may apply for voluntarily retirement after giving two months’
notice and ‘B’ grade officers/ employees may apply for voluntarily
retirement after giving one months’ notice to Appointing Authority. However
on receipt of application, the Competent Authority have full discretion to
approve or reject the application of Voluntary Retirement without assigning
any reason thereof.
A register is required to be maintained in which particulars of
employees/officers such as -
Date of birth;
Date of superannuation; and
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Reference of service termination notice is required to be indicated in
this register and in the Proforma prescribed in P.O. Nos. 21 and 74
issued under letters Nos. GM/PO/29117/69-70 and
GM/PO/24559/70-71 dated 04.09.1969 & 04.08.1970 respectively
and the specific procedures detailed therein are required to be followed.
4.7.2.(8) LOAN FROM WELFARE FUND:
This Section maintains a control on the total amount of loans taken from
the Employees’ Welfare Fund to ensure that it does not exceed the allotted
quota for the year. It also verifies, in the case of applications for this loan,
whether they have previously taken any loans and are eligible for fresh
loan and indicates these particulars among others in the application form.
4.7.2. (9) RECOVERIES:
Recovery advices of recoveries to be made from Audit staff are sent to the
E.D.P. Department for further action and in respect of separated
employees of the Audit Department, the entries for recoveries included in
the final bills are verified for their correctness by this section.