At the time of my retirement in 2001, I opted for computing 1/3rd amount of pension amouting to Rs.512696.76 . In response to my query, the HR Department replied before retirement that "As per present guidelines, computed portion of pensionm irrespect of Rule 12(iii) or 12(iv) is restored 15 years after the date of retirement."
I have been hearing from certain people that the computed pension is not being restored by the company. Can the company do this ? What is the legal position ?
Ashok Monga
