TWO DIFFERENT FORMULAE ARE UNDER CIRCULATION IN BSNL CIRCLES AS OF NOW.
1) BSNL MODEL 2) GUJARAT MODEL
BSNL MODEL: FORMULA FOR EXGRATIA:
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a) 60 DAYS SALARY FOR EVERY COMPLETED YEAR OF SERVICE
b) 30 DAYS SALARY FOR THE REMAINING MONTHS OF SERVICE
OF THESE TWO WHICHEVER IS LESS.
NOTE: IN (a) it is year REPEAT year and in (b) it is MONTH repeat MONTH.
GUJARAT MODEL: FORMULA FOR VRS:
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35 DAYS SALARY FOR EVERY COMPLETED YEAR OF SERVICE AND
25 DAYS SALARY FOR EVERY YEAR OF SERVICE REMAINING.
THIS AMOUNT IS SUBJECT TO LOWER AND UPPER CEILINGS.
LOWER CEILING: RS 25000
UPPER CEILING: a) SUBJECT TO A MAXIMUM OF 60 MONTHS SALARY
b) SHOULD NOT EXCEED THE SALARY FOR THE
REMAINING PERIOD OF SERVICE.
NO NOTHER PROPOSAL IS PLACED.
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