Voluntary Retirement Scheme of BSNL & MTNL closes with over 92,700 employees opting for it

December 3: The state owned Bharat Sanchar Nigam Limited (BSNL) had now come up with `BSNL Voluntary VRetirement Scheme (VRS) – 2019′. Tuesday was the closing day for opting for the VRS. The voluntary Retirement Scheme of BSNL and MTNL closed on 3 December with over 92,700 employees opting for it. Around 78,300 employees of BSNL and 14,378 of MTNL have opted for the scheme.

According to `BSNL Voluntary Retirement Scheme – 2019′ all regular and permanent employees of BSNL including those on deputation to other organisation or posted outside BSNL on deputation basis, who attended the age of 50 years or above were eligible to seek voluntary retirement under the scheme. The amount of ex-gratia for any eligible employee will be equal to 35 days salary for each completed year of service and 25 days salary for every year of service left until superannuation.