A bank officer has been penalized by way of forfeiture of entire pension, by way of penalties for negligence and other charges. I feel that same is not supported by law on following counts.
1) Subsistence pension has got to be provided.
2) when a bank officer opts for Provident Fund in lieu of Pension, he gets his portion of contribution to PF, and same can / is not charged by way of penalty. Thus portion of pension attributable to officer's notional own contribution to PF ( which will be generally 50%) which he does not get back, can not be attached.
Views and discussions welcome.