Millennium Post

BSNL: Over half of workforce opts for early retirement

BSNL: Over half of workforce opts for early retirement

New Delhi: Over 77,000 employees of state-owned BSNL have opted for the recently launched VRS so far, according to an official. Nearly one lakh BSNL employees are eligible for the Voluntary Retirement Scheme (VRS) out of its total staff strength of about 1.50 lakh. The effective date of voluntary retirement under the present scheme is January 31, 2020.

A BSNL official said that the number of employees who have opted for the VRS till now has crossed 77,000. The "BSNL Voluntary Retirement Scheme — 2019", that was rolled out recently, will remain open till December 3. BSNL is looking at savings of about Rs 7,000 crore in wage bill, if 70,000-80,000 personnel opt for the scheme. According to the plan, all regular and permanent employees of BSNL including those on deputation to other organisations or posted outside the corporation on deputation basis, who attended the age of 50 years or above are 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.

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