Retirement benefits will accrue interest only for individuals who: The wider industry impact

Retirement benefits will accrue interest only for individuals who: The wider industry impact

BEST retirees seek clarity on interest eligibility (Representative photo)

MUMBAI: A recent circular issued by the Personnel Department has triggered widespread confusion among retired employees.

Retirement benefits will accrue interest only for individuals who retired on or before May 1, 2024, pointed out BEST panel member Ajay Singh at the committee meeting on Wednesday, according to the notice. Affected retirees are questioning the fairness of excluding post-May 2024 pensioners from interest benefits, especially given ongoing payment delays. You Can Also Check: Gold Rate in Mumbai | Silver Rate in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai | Mumbai AQI | Weather in Mumbai | Petrol Price in Mumbai | Diesel Price in Mumbai | CNG Price in Mumbai | LPG Price in Mumbai Stay updated with the latest Mumbai news.

This arbitrary cut-off date has raised serious concerns among those who superannuated after this date and are still awaiting their dues. Retiree associations are urgently demanding a transparent clarification from authorities to ensure equitable treatment for all senior citizens. Download the TOI App.

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