https://www.taxtmi.com/caselaws?id=287664 Pension escalation for erstwhile Burmah Shell management staff was treated as a justified parity claim, with the Court recognising pension as a vested welfare entitlement and taking note of the erosion in the value of money. It held that the mere inadequacy of the existing funded corpus could not defeat enhancement where similarly situated pensioners in a comparable public sector arrangement had already received a higher pension. The claim for restoration of commuted pension was not pressed, so the issue was confined to escalation only. The petitioners were held entitled to a pension hike at the same rate as that granted by Hindustan Petroleum Corporation. en-us Wed, 11 May 1988 00:00:00 +0530 Sat, 25 Apr 2020 12:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287664 Pension escalation for erstwhile Burmah Shell management staff was treated as a justified parity claim, with the Court recognising pension as a vested welfare entitlement and taking note of the erosion in the value of money. It held that the mere inadequacy of the existing funded corpus could not defeat enhancement where similarly situated pensioners in a comparable public sector arrangement had already received a higher pension. The claim for restoration of commuted pension was not pressed, so the issue was confined to escalation only. The petitioners were held entitled to a pension hike at the same rate as that granted by Hindustan Petroleum Corporation. Case-Laws Indian Laws Wed, 11 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287664