Govt floats VRS for employees having disabled children

Govt floats VRS for employees having disabled children
HERALD REPORTER
PANJIM, MARCH 30 
The Goa Government has floated a voluntary retirement scheme (VRS) for State government employees who are parents of persons with disabilities.
The Scheme proposes to provide the facility of a Special Voluntary Retirement Scheme (SVRS) to the parents of persons with disabilities with the basic objective of providing timely care and support to such persons.
The parents of the persons with disability level of 90% and above only will be eligible for the Scheme, a notification issued here said.
Any State Government employee who has completed ten years of qualifying service or more is eligible to seek Voluntary Retirement by a written request to the appointing authority.
The notification issued by Director N B Narvekar, has given details about the terminal payment available to an employee who seeks voluntary retirement under this Scheme.
This will include (a) the balance in his/her Provident
Fund Account with interest accrued thereon as per existing rules; (b) Cash equivalent to accumulated earned leave as per existing rules; (c) Pension and gratuity as per Pension Act considering that the employee has worked for 33 years of service or the actual period of service which he would have otherwise put in up to the maximum age of retirement, whichever is less.
Over and above that, an employee who has more than 5 years of service left would get: (i) 20 days salary for each completed year of service for the first 20 years of service rendered.
For 20 to 25 years of service he/she would be entitled to 400 days+ (16 days’ salary per completed years of service).
For 25 years or more years of service, he/she would get 480 days+ (12 days’ salary per completed year of service exceeding 25 years of service), the notification says.
The pensionary benefits after adding 8 years of service to the actual number of completed years of service put in, is subject to a maximum of 33 years or the age of superannuation, whichever is earlier.
An employee who has 5 years or less than 5 years of service left would get the following additional benefits:—4 or more but less than or equal to 5 (i) 30% of the balance salary receivable on the basis of the average salary received during the last 10 months preceding the month of application and (ii) Additional 8 years of service for calculation of pensionary benefits (subject to a maximum of 33 years of service, or the age of superannuation, whichever is earlier).
For those with 3 or more years left but less than 4, the benefits will be (i) 33% of the balance salary (subject to a maximum of 120% of existing annual salary) receivable on the basis of the average salary received during the last 10 months of service preceding the month of application of VRS and (ii) 6 additional years of service for calculation of pensionary benefits (subject to a maximum of 33 years of service, or the age of superannuation, whichever is earlier).
Those with 2 or more years left but less than 3 (i) 36% of the balance salary (subject to a maximum of 99% of existing annual salary) receivable on the basis of the average salary received during the last 10 months of service preceding the month of application of VRS and (ii) 4 additional years of service for calculation of pensionary benefits (subject to a maximum of 33 years of service, or the age of superannuation, whichever is earlier).
Those with 1 or more years left but less than 2 will get (i) 39% of the balance salary (subject to a maximum of 72% of existing annual salary) receivable on the basis of the average salary received during the last 10 months of service preceding the month of application of VRS and (ii) 2 additional years of service for calculation of pensionary benefits (subject to a maximum of 33 years of service, or the age of superannuation, whichever is earlier).
Those with less than 1 year left will get (i) 42% of the balance salary (subject to a maximum of 39% of existing annual salary) receivable on the basis of the average salary received during the last 10 months of service preceding the month of application of VRS and (ii) 1 additional year of service for calculation of pensionary benefits (subject to a maximum of 33 years of service, or the age of superannuation, whichever is earlier).