https://www.taxtmi.com/caselaws?id=772563 The SC allowed the appeal and set aside the Division Bench judgment, restoring the Single Judge's dismissal of the writ petition. A retired RBI employee who joined in 1981 and retired in 2014 was denied pension benefits from retirement date. The employee had four opportunities (1990, 1992, 1995, 2000) to switch from CPF to pension scheme but opted out each time. When finally switching under the 2020 scheme, he sought retrospective pension benefits. The SC held that the principle of approbation and reprobation prevented the employee from accepting beneficial aspects while rejecting unfavorable terms. The cut-off date for pension benefits was constitutionally valid, considering financial constraints and policy decisions. The retrospective liability of over 900 crores would create financially unsustainable burden for RBI. en-us Fri, 23 May 2025 00:00:00 +0530 Mon, 26 May 2025 14:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772563 The SC allowed the appeal and set aside the Division Bench judgment, restoring the Single Judge's dismissal of the writ petition. A retired RBI employee who joined in 1981 and retired in 2014 was denied pension benefits from retirement date. The employee had four opportunities (1990, 1992, 1995, 2000) to switch from CPF to pension scheme but opted out each time. When finally switching under the 2020 scheme, he sought retrospective pension benefits. The SC held that the principle of approbation and reprobation prevented the employee from accepting beneficial aspects while rejecting unfavorable terms. The cut-off date for pension benefits was constitutionally valid, considering financial constraints and policy decisions. The retrospective liability of over 900 crores would create financially unsustainable burden for RBI. Case-Laws Indian Laws Fri, 23 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772563