Voluntary Retirement Benefits

4.1 A regular employee who is allowed to retire voluntarily by the competent authority shall be entitled for the following benefits. Ex-gratia payment at the rate of twenty- one (21) days salary (Basic Pay+ DA+IR, if any) last drawn for every completed year of service. This compensation will be in addition to Gratuity and leave encashment as admissible on the date of retirement. For any period of residual service less than a year, benefit should be assessed proportionately. 4.2 NMR/DLR employees with 7(seven) years of completed and uninterrupted service will be entitled for the following benefits: For each year of completed service, 15 days’ of salary payable to the regular employees of equivalent grade (calculated at the initial of the corresponding scale) or at the flat rate of Rs. 5000/- per year, whichever is less, subject to a ceiling of Rs. 1, 00,000/-.