RETIREMENT

Querist : Anonymous (Querist) 06 November 2009 This query is : Resolved
I am serving in an LIC.I want to take voluntry retirement agter 28yrs. of service,so Ihave some Quries as below.

1. Can LIC refuse my notice of resignation on any ground?
2. Can LIC deduct any of its dues from my Provident Fund, Gratuity, Pension?

3. If any litigation is pending in court of my union against LIC ,then can LIC refuse my retirement notice & WIll I get all benefits?

Please give information in detail ,so that I can plan accordingly.

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adv. rajeev ( rajoo ) (Expert) 06 November 2009
LIC may accept ur request for volantrily retirement or not.
If it accepts it will ur dues from ur PF and gratuity and pension.
Litigation about what and what is ur role?

H. S. Thukral (Expert) 06 November 2009
There are unrelated queries. Yet be advised as:

Voluntary Retirement acceptance is at the sole discreation of employer. He can either accept it or reject it.

Resignation can not be refused as in almost every contract of service there is clause of resignation or /termination. A contract of personal service can not be enforced. If there is no inquiry/disciplinary proceedings pending against you, no deduction can be made from your dues if your resignation is as per terms of contract i.e. requirement of notice etc. Union litigation has no bearing on acceptance or rejection of your resignation. If a settlement on any demands of union is arrived at subsequent to your resignation, it shall apply to you or not shall depend upon the terms of agreement.

Raj Kumar Makkad (Expert) 06 November 2009
I fully agree with the perfect advice of Harbahajan Singh ji Thukral.

niranjan (Expert) 06 November 2009
I also agree with MrThukralsir

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