An employee who retires from service before completing qualifying service of ten years shall not be eligible for the payment of pension. He shall be entitled to a lump sum amount termed as ‘service gratuity’ calculated at a uniform rate of half month’s emoluments for every completed six monthly (half year) period of service.
Section 22: Regulation of amounts of pensions
Oil Industry Development Board Employees’ (Pension) Rules, 1990.Central Rules · 1974
Where this provision sits
| Act | Oil Industry Development Board Employees’ (Pension) Rules, 1990. |
|---|---|
| Section | 22 |
| Marginal note | Regulation of amounts of pensions |
| Jurisdiction | Central |
| Status | In force as published by the source |
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