MANOJBHAI N.SHAH & ORS. vs UNION OF INDIA & ORS.

The Supreme Court addressed the issue of retiral benefits for employees opting for the General Insurance Employees Special Voluntary Retirement Scheme, 2004, established by five nationalized general insurance companies. The Court held that employees who retired under this Scheme, which allowed for early retirement with certain benefits, were entitled to additional pension calculated by adding five years of notional service. The Court emphasized that the Scheme complied with the provisions of the Payment of Gratuity Act, 1972, ensuring that employees received their rightful benefits upon retirement.