ASSISTANT GENERAL MANAGER STATE BANK OF INDIA vs RADHEY SHYAM PANDEY

The Supreme Court addressed the entitlement of respondent-employees to pension under the State Bank of India Voluntary Retirement Scheme (VRS) framed in 2000, specifically regarding the completion of 15 years of service. The Court noted a conflict of opinion among judges on the admissibility of pension benefits under the scheme, leading to the referral of the matter to a larger bench for resolution. The judgment emphasizes the need for clarity on the pension provisions as per the guidelines established by the Indian Bank Association and the approval from the Government of India.