https://www.taxtmi.com/caselaws?id=313525 SC ruled that the Board legally introduced a pension scheme prospectively from 1.7.1986. Employees who retired before this date cannot compel retrospective application. The Court emphasized that new pension schemes benefit only future retirees unless expressly made retrospective. The decision was based on established legal precedents regarding the prospective nature of pension scheme introductions, considering financial constraints and existing retirement benefits. en-us Fri, 26 Mar 1999 00:00:00 +0530 Wed, 28 May 2025 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313525 SC ruled that the Board legally introduced a pension scheme prospectively from 1.7.1986. Employees who retired before this date cannot compel retrospective application. The Court emphasized that new pension schemes benefit only future retirees unless expressly made retrospective. The decision was based on established legal precedents regarding the prospective nature of pension scheme introductions, considering financial constraints and existing retirement benefits. Case-Laws Indian Laws Fri, 26 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313525