1. #1
    Unregistered

    Details about VRS? How to retire under VRS?

    I want to know more details about VRS. My retirement period is near and I want to know if I can retire under VRS? What is the process to take care for it? Will I get pension under this process or not? Please give me the needed details.

  2. #2
    Chittaranjan Array
    Join Date
    Jul 2012
    Posts
    658

    Re: Details about VRS? How to retire under VRS?

    Dear aspirant-you intend to know vrs and how to retire under vrs?

    Vrs(voluntary retirement from service)this is a scheme prepared by the company/psu/govt for the employee to take the opportunity or golden hand shake etc.to that scheme give certain period those who completes 50 years they can take this option.for benefit each employee will get present value of 36 months salary and pension those who are ready can take the option.

    So if an employee under considering his/her circumstances can take or can not take,this optional opportunity.this is not mandatory just optional.

    Thus an employee can take vrs.

    Thank you.

  3. #3
    vijaybanna Array
    Join Date
    Sep 2012
    Posts
    232

    Re: Details about VRS? How to retire under VRS?

    Dear Friend

    yes there is a Scheme of retirement called VRS(Voluntary Retirement from Service)..like if you have a problem with your job or any Medical reason so you can take it after a certain period allowed about the company..

    This is a option provided by the company to the employees so that they can get the benefit if they want to..

    Company always thinks of the welfare of their employees..

    ALL the Best

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