Section 25: Retirement

Oil Industry Development Board Employees’ (Pension) Rules, 1990.Central Rules · 1974

(1) The retirement of an employee from the service of the Board shall be regulated in accordance with the provisions contained in rule 16 of the Oil Industry Development Employees’ (General Conditions of Service) Rules, 1984.

(2) In case any employee opts for voluntary retirement under sub-rule (4) of rule 16 of the Oil Industry Development Board Employees’ (General Conditions of Service) Rules, 1984, his pension shall be based on the emoluments as defined in these rules and the increase not exceeding five years in qualifying service shall not entitle him to any notional fixation of pay for purposes of calculating pension and gratuity.

Where this provision sits

Act	Oil Industry Development Board Employees’ (Pension) Rules, 1990.
Section	25
Marginal note	Retirement
Jurisdiction	Central
Status	In force as published by the source

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