dofp2024_00803 — Delayed payment of retiral benefits counts for simple interest at 12% per annum In this case, the Applicant was punished with reduction of pay for three years vide Order, dated 12-2-2015 before his date of retirement on 28-2-2015. Hence, his retiral benefits should have been granted atleast within three months after his retirement which led to the interest on delayed payment in this case

Delayed payment of retiral benefits counts for simple interest at 12% per annum In this case, the Applicant was punished with reduction of pay for three years vide Order, dated 12-2-2015 before his date of retirement on 28-2-2015. Hence, his retiral benefits should have been granted atleast within three months after his retirement which led to the interest on delayed payment in this case — Case concerning delayed payment of retirement benefits, including gratuity and leave encashment, with interest at 12% per annum. The Applicant was penalized with a reduction of pay for three years be... — Facts: Applicant submitted that the delayed payment of his retirement benefits such as gratuity, leave encashment should be given interest at 12% as the delay is due to carelessness of Respondents. Further he stated that interest is payable under Rule 68 of CCS (Pension) Rules. The authorities who had committed lapse in the delayed payments are also required to be fixed. Other details are not very important. Hence the Tribunal finally held.