https://www.taxtmi.com/caselaws?id=184545 A self-financing pension scheme may lawfully distinguish between resignation and retirement, and limit pension entitlement to employees who retire under the scheme. Regulation 22 of the UCO Bank (Employees) Pension Regulations, 1995 treated resignation, dismissal, removal, or termination as resulting in forfeiture of past service and loss of pensionary benefits; this was upheld as an eligibility condition, not a penalty. The classification between resigned and retired employees was held to have an intelligible differentia and a direct nexus with the scheme's actuarial and financial structure, so the exclusion of resigned employees was not arbitrary or violative of Article 14. en-us Thu, 11 Mar 2004 00:00:00 +0530 Tue, 12 Jul 2016 14:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184545 A self-financing pension scheme may lawfully distinguish between resignation and retirement, and limit pension entitlement to employees who retire under the scheme. Regulation 22 of the UCO Bank (Employees) Pension Regulations, 1995 treated resignation, dismissal, removal, or termination as resulting in forfeiture of past service and loss of pensionary benefits; this was upheld as an eligibility condition, not a penalty. The classification between resigned and retired employees was held to have an intelligible differentia and a direct nexus with the scheme's actuarial and financial structure, so the exclusion of resigned employees was not arbitrary or violative of Article 14. Case-Laws Companies Law Thu, 11 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184545