vrs-stakeholder consultations sep.2011
Post on 28-Feb-2018
215 Views
Preview:
TRANSCRIPT
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 1/28
Voluntary Retirement Scheme
PROPOSAL
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 2/28
Outline of the Presentation
• Need for VRS
• VR scheme
• Financial benets and attractions of the scheme
• Additional work opportunities for VRS optees
• Oerall e!penditure and sain"s for #SNL
2
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 3/28
Need for VRS
3
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 4/28
#SNL$S Financial Performance in recent years%All "ures &n Rs 'rores(
Parameters 2008-09 2009-10 2010-
2011
Income )*+,-. ).+/0* .1+2,3
Expenditure )0+)*0 )0+/3, )2+/3-
Net Prot *3* %4(-+,.) %4(2+),0
Salar !ost --)2) -)0** -)31-Salar !ost as" of totalincome
).5 0.5 026*5
4 4
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 5/28
#SN$%S Emploee stren&t'
(s )n *roup ( *roup# *roup ! *roup+ Industrial ,otal
)-7/)7/1 3+3/0 0,+)-. -+1,+)-.
0.+3)1 .+33) .+11+,0/
)-7/)7-/ 3+2-/ 03+,.. -+1.+**1
0-+012 .+2-) .+1.+-//
)-7/)7-- 3+1-) 0,+.// -+,)+01,
)1+2/, .+0-2 .+,-+2)*
..7/,7-- 33/* 03)-0 -,/),1 ),*31 .)-1 .+32+)/2
(era&e a&e of emploees . /9 ears5
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 6/28
Need for VR Scheme
• 'ompetition in telecom sector has become ery sti8
• Reenues are showin" declinin" trend
• #SNL income has been fallin" steeply in the last few years
• Salary costs are continuously risin"
• Ratio of salary cost to income has risen sharply from ). 5 in .//,4/1 to more than 025 in ./-/4--
• Sta8 to telephone ratio in #SNL is e!tremely hi"h in comparison toother telecom operators
6
9 l l : i %A )-7)7--(
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 7/28
9mployee a"e prole4 :roup4wise %As on )-7)7--(
• Aera"e employee a"e; Very <i"h =01 years
7
(&e *rp ( " of
,otal*rp(
*rp # " of,otal*rp#
*rp ! " of
,otal*rp!
*rp + " of,otal*rp+
,otal " of,otal
> 0/ ?ears
3+.,3
1.5 ))+-30
215 -+20+2.3
1/5 )*+/..
,)5 .+0/+ --/ ,*5
> 0* ?ears
2+033
,.5 .2+,)3
*25 -+*)+,/.
,05 .,+013
2,5 .+-*+2-) 335
> */ ?ears
*+233
3.5 -,+-/1
),5 -+/)+030
*25 -2+,1.
0/5 -+00+-*. *-5
> ** )+** 0*5 3+)3. -*5 0-+,20 .)5 2+),* -*5 *1+-,/ .-5
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 8/28
VR scheme Proposal
• &n iew of the challen"es posed by tou"h market
conditions+ company$s ery hi"h wa"e bill and with theob@ectie of improin" company$s nancial situation+ it isproposed to o8er VRS to about - lakh employees6
• he scheme o8ers not @ust nancial benets but also
certain opportunities to the VRS optees by way of whichthey can take up works outsourced by #SNL afterretirement6 his would create win4win o8er both for theemployee takin" VRS and the company6
Scheme to be made open to all employeesaboe 0* yrs6
8
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 9/28
#enets to emploees optin& for VRS
i( Financial #enets comprisin" of e!4"ratiapayment and other terminal benets
ii( Opportunity to work for #SNL afterretirement on indiidual basis or as a co4operatie and "et additional income
9
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 10/28
VR scheme Proposal
•
9!4:ratia lump sum amount as per the Bepatment of 9nterprises%BP9( scheme for mar"inal prot7 loss makin" enterprises i6e6salary %basicCBA( of )* days for eery completed year of sericeand .* days for eery year of serice left until superannuation6
•
he compensation is sub@ect to a minimum of Rs6.*+///74 or .*/days salary whicheer is hi"her6 <oweer+ the amount shall note!ceed the sum of the salary that the employee would draw atthe preailin" leel for the balance of period left beforesuperannuation and further+ it can not e!ceed 2/ months salary6
• he e!4"ratia amount will be in addition to all other applicableretirement benets6
10
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 11/28
Financial benets4 sample cases
11
• 9stimated amount payable to employees % sample
cases40* yrs+ */ yrs and ** yrs( in di8erent cate"orieshas been worked out and is shown in ne!t few slides
• &t is assumed that the lump sum payment receied onretirement is inested which fetches interest D -/5
• 9stimation is made for -/th sta"e in each scale
• Followin" assumptions are made for other benets ;i $eae Encas'ment salary for -/ months
ii*ratuit Salary for -* days of each completed year ofserice with ma!imum of Rs6-/ Lac
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 12/28
Financial benets4 %contd666(
12
iii(Pension 'ommutation; On the basis of commutationalues %dependin" on a"e(
A"e 'ommutation alue0* ?ears ,613-*/ ?ears ,6,/,** ?ears ,6*3.
i(ransfer :rant; One month salary plus "rantassumin" aera"e four family members includin" the
oEcial+ ransfer :rant for aera"e -/// km and otherapplicable benets
PF and &nsurance payments will be in addition to these
nanc a ene s o emp oyees op n"
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 13/28
nanc a ene s o emp oyees op n"for VRS %entatie #enets4Packa"e for 0* yr old Non4
9!ecutie(
13
Pascale
Pa scaleEx-
*ratia345625
$eaeEncas'm
ent*ratuit
Pension!ommuta
tion,ransfer
*rant
,otal$umpsu
mPamen
t
Interest7 10"
on$umpsu
mPamen
t
(nnualPension
+R
,otalInteresPens
n permont'
NE-1 /332/4-))./
**/+-0, -*)+*)/ -*)+*)/ ..0+*2. -)+*22-+/1*+))
*-/1+*)0 23+/,2 1/:18
NE-2 /3,0/4-03//
***+1*/ -**+-01 -**+-01 ..2+1)/ -)+232-+-/2+,*
0--/+2,* 23+31) 1/8:4
NE-4 /31//4-0,,/
*2.+,/3 -*3+/2. -*3+/2. ..1+3.1 -)+,/2-+-./+02
2--.+/03 2,+2.1 1505;
NE-/ /,-*/4-*)0/
2/)+0.. -2,+)13 -2,+)13 .02+)/, -0+*32-+./-+-/
/-./+--/ 3)+*,. 1;1/1
NE-5 /,3//4-2,0/
2./+)/- -3)+-/3 -3)+-/3 .*)+-1, -0+,12-+.)0+2/
1-.)+02- 3*+20/ 1;592
NE-; /1/./4-30)/
20.+0*0 -31+.1/ -31+.1/ .2.+.0/ -*+)-2-+.3,+*1
/-.3+,*1 3,+)0. 1:184
NE-: -/1//4./0//
33.+3)1 .-*+20, .-*+20, )-*+0./ .-+2-/-+*0-+/2
*-*0+-/2 10+..1 20;95
NE-8 -.*./4.)00/
,,3+3.2 .03+3), .03+3), )2.+)*3 .*+.1/-+33/+,0
1-33+/,* -/,+.*- 24::8
NE-9 -)2//4.*0./
122+)-1 .21+23/ .21+23/ )10+0)3 .1+3,/-+1.1+,3
2-1.+1,, --3+,)0 25902
-01//4 -+/*2+*-.10+,0. .10+,0. 0)-+.*0 )-+01/
.+-/,+10.-/+,10 -.,+,)) 28411
nanc a ene s o emp oyees op n"
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 14/28
nanc a ene s o emp oyees op n"for VRS %entatie #enets4Packa"e for 0* yr old
9!ecutie(
14
Pascale
Pa scaleEx-
*ratia345625
$eaeEncas'm
ent*ratuit
Pension!ommuta
tion
,ransfer *rant
,otal$umpsu
mPamen
t
Interest
7 10"on
$umpsum
Pament
(nnualPension
+R
,otalInteresPens
n permont'
E-13E1(
-20//40/*//
-+-2.+*)3
).0+0.1 ).0+0.1 030+*)/ 0-+*//.+).3+0.
0.).+30. -0-+32- 41209
E-23E2( ./2//402*// -+02.+-), 0/,+/), 0/,+/), *12+,.) 0,+00/ .+1.)+033 .1.+)0, -3,+.1* 49220
E-4 .01//4*/*//
-+323+*0-
01)+.23 01)+.23 3.-+0,0 *0+.)/)+*.1+3,
1)*.+131 .-*+*)2 /:4:;
E-/ .1-//4*0*//
.+/2*+**1
*32+0)* *32+0)* ,0)+-)/ *1+,,/0+-.-+00
/0-.+-00 .*-+,33 55445
E-5 ).1//4*,///
.+))0+*23
2*-+*/3 2*-+*/3 1*.+1)2 21+)0/0+2*1+,*
,02*+1,2 .,0+2,/ ;255;
E-: 0).//422/// )+/2.+03- ,*0+20) ,*0+20) -+.*/+/** ,)+-0/ 2+-/0+1*) 2-/+01* )3)+00. 81995
E-9 <E9(
2.///4,////
)+,*/+*/3
-+/30+*2/-+///+/// -+*3-+3-1 -/2+1//3+2/)+2,
232/+)21 021+*)2 102/9
nanc a ene s o emp oyees op n"
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 15/28
nanc a ene s o emp oyees op n"for VRS %entatie #enets4Packa"e for */ yr old Non4
9!ecutie(
15
Pascale Pa scale
Ex-
*ratia345625
$eae
Encas'ment
*ratuit
Pension
!ommutation
,ransfer*rant
,otal$umpsu
mPamen
t
Interest7 10"
on$umpsu
mPament
(nnual
Pension +R
,otalInteres
Penson pemont'
NE-1 /332/4-))./
*3*+3)2 -*)+*)/ -1-+1-. ../+0,. -)+*22-+-**+..
2--*+*.) 23/,* 1521:
NE-2 /3,0/4-03//
*,-+,/, -**+-01 -1)+1)2 ...+,/3 -)+232-+-23+)3
2--2+3), 2331) 154:8
NE-4 /31//4
-0,,/ *,,+1,0 -*3+/2. -12+)., ..*+*** -)+,/2
-+-,-+3)
* --,+-30 2,2.1 155;:
NE-/ /,-*/4-*)0/
2)-+0,, -2,+)13 .-/+012 .0-+,). -0+*32-+.22+3,
1-.2+231 3)*,. 1;;88
NE-5 /,3//4-2,0/
201+-*. -3)+-/3 .-2+),0 .0,+*13 -0+,12-+)/.+-)
2-)/+.-0 3*20/ 1:15/
NE-; /1/./4-30)/
23.+))2 -31+.1/ ..0+--. .*3+03* -*+)-2-+)0,+*.
1-)0+,*) 3,)0- 1::;;
NE-:
-/1//4
./0// ,/,+2,/ .-*+20, .21+*2/ )/1+2,1 .-+2-/
-+2.*+-,
3 -2.+*-1 10.., 2149;
NE-8 -.*./4.)00/
1.1+/-2 .03+3), )/1+23. )**+33) .*+.1/-+,23+0,
1-,2+301 -/,.*/ 2/584
NE-9 -)2//4.*0./
-+/--+.20
.21+23/ ))3+/,, ),3+.3/ .1+3,/.+/)*+/3
../)+*/3 --3,)0 2;::8
NE-10 -01//4.3,*/
-+-/*+2*2
.10+,0. )2,+**. 0.)+0-, )-+01/.+..)+1*
,...+)12 -.,,). 292;9
nanc a ene s o emp oyees op n"
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 16/28
nanc a ene s o emp oyees op n"for VRS %entatie #enets4Packa"e for */ yr old
9!ecutie(
16
Pascale
Pa scaleEx-*ratia345625
$eaeEncas'ment
*ratuitPension
!ommutation
,ransfer*rant
,otal
$umpsum
Pament
Interest
7 10"on$umpsu
mPament
(nnualPension
+R
,otal
InteretPenson pemont'
E-13E1(
-20//40/*//
-+.-2+2/, ).0+0.1 0/*+*)2 02*+1/, 0-+*//.+0*)+1,
-.0*+)1, -0-32- 422;
E-2
3E2(
./2//4
02*//
-+*)/+-00 0/,+/), *-/+/0, *,*+131 0,+00/)+/,.+20
1
)/,+.2* -3,.1* /05/
E-4 .01//4*/*//
-+,01+3*. 01)+.23 2-2+*,0 3/,+)3* *0+.)/)+3..+./
,)3.+..- .-**)2 /898
E-/ .1-//4*0*//
.+-2-+2). *32+0)* 3./+*00 ,.3+,-- *1+,,/0+)02+)/
.0)0+2)/ .*-,33 5:20
E-5 ).1//4*,///
.+00)+-*. 2*-+*/3 ,-0+),0 1)*+2.- 21+)0/0+1-0+//
001-+0// .,02,/ ;/;:
E-:
0).//4
22///
)+./0+1-. ,*0+20)-+///+//
/-+..3+)0. ,)+-0/
2+)3/+/)3
2)3+//0 )3)00- 8/20/
E-9 <E9(
2.///4,////
0+/.1+2//-+/30+*2
/-+///+//
/-+*0)+-2. -/2+1//
3+3*0+...
33*+0.. 021*)2104:/
:
nanc a ene s o emp oyees op n"
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 17/28
nanc a ene s o emp oyees op n"for VRS %entatie #enets4Packa"e for ** yr old Non4
9!ecutie(
17
Pascale Pa scale
Ex-
*ratia345625
$eae
Encas'ment
*ratuit
Pension
!ommutation
,ransfer*rant
,otal$umpsu
mPamen
Interest7 10"
on$umpsu
mPament
(nnual
Pension +R
,otalIntere
tPenson pemont'
NE-1 /332/4-))./
2/-+).0 -*)+*)/ .)/+.10 .-0+*30 -)+*22-+.-)+.,
1-.-+).1 23/,* 15:0
NE-2 /3,0/4-03//
2/3+222 -**+-01 .).+3.) .-2+,)3 -)+232-+..2+/*
--..+2/* 2331) 158;
NE-4
/31//4
-0,,/ 2-*+-2- -*3+/2. .)*+*10 .-1+*-. -)+,/2
-+.0-+-)
* -.0+--) 2,2.1 1;0;
NE-/ /,-*/4-*)0/
2*1+**0 -2,+)13 .*.+*1* .)*+)*) -0+*32-+))/+03
*-))+/0, 3)*,. 1:21
NE-5 /,3//4-2,0/
23,+//) -3)+-/3 .*1+22- .0-+1)2 -0+,12-+)23+2/
)-)2+32/ 3*20/ 1::0
NE-; /1/./4-30)/
3/.+.-, -31+.1/ .2,+1)0 .*/+*33 -*+)-2-+0-2+))
*-0-+2)0 3,)0- 1844
NE-:
-/1//4
./0// ,00+2.- .-*+20, ).)+03. )/-+)1. .-+2-/
-+3/2+30
) -3/+230 10.., 220:
NE-8 -.*./4.)00/
13/+)/2 .03+3), )3-+2/2 )02+.0/ .*+.1/-+12-+-,
/-12+--, -/,.*- 254;/
NE-9 -)2//4.*0./
-+/*2+./1
.21+23/ 0/0+*/2 )32+,10 .1+3,/.+-)3+/*
1.-)+3/2 --3,)0 2:;2
NE-10 -01//4.3,*/
-+-*0+312
.10+,0. 00.+.2. 0-.+/3) )-+01/.+))*+02
0.))+*02 -.,,)) 4019
nanc a ene s o emp oyees op n"
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 18/28
nanc a ene s o emp oyees op n"for VRS %entatie #enets4Packa"e for ** yr old
9!ecutie(
18
Pascale
Pa scaleEx-
*ratia345625
$eaeEncas'me
nt*ratuit
Pension!ommuta
tion
,ransfer*rant
,otal$umpsu
mPamen
Interest
7 10"on$umpsu
mPamen
t
(nnualPension +R
,otal
Interet
Penson pemont'
E-13E1(
-20//40/*//
-+.3/+231
).0+0.1 0,2+20) 0*)+0.* 0-+*//.+*32+23
3.*3+22, -0-32- 4428
E-23E2( ./2//402*// -+*1,+-*/ 0/,+/), 2-.+/*, *3/+.3, 0,+00/ )+.)2+120 ).)+212 -3,.1* /184
E-4 .01//4*/*//
-+1)-+12)
01)+.23 3)1+1/- 2,1+)1* *0+.)/)+1/,+3*
2)1/+,32 .-**)2 5054/
E-/ .1-//4*0*//
.+.*3+3/*
*32+0)* ,20+2*) ,/*+2)- *1+,,/0+*20+)/
)0*2+0)/ .*-,33 5902
E-5 ).1//4*,///
.+**-+3)3
2*-+*/3 133+.2- 1-/+**. 21+)0/*+-2/+)1
2*-2+/0/ .,02,/ ;;:2
E-: 0).//422/// )+)03+)*) ,*0+20) -+///+/// -+-10+0*3 ,)+-0/ 2+031+*1) 203+1*1 )3)00. 8511
E-9 <E9(
2.///4,////
0+./,+21)
-+/30+*2/-+///+//
/-+*/-+,-0 -/2+1//
3+,1-+123
3,1+-13 021*)210/8
/
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 19/28
Attractions of VRS o8er
• he VRS optee will receie substantial lump sum amount on
account of e!4"ratia and other retirement benets6 his amountcan be utiliHed for meetin" dierse needs such as purchase ofmoable7 immoable assets + hi"her education of children+solemniHin" marria"e of children etc6
•
he whole or a part of the VRS amount can also be deposited inarious hi"h4interest bearin" lon"4term inestments or ininestments which brin" in monthly interest components6
• he amount receied by optees will enable them to plan their
future much better and at a relatiely youn"er a"e+
• hus+ VRS amount will enable optees to si"nicantly enhance theirlifestyle and social status as also plan a safe and secure future fortheir family6
19
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 20/28
Attractions of VRS o8er %'ontd666(
#enet of earl restoration of full pension
• &n the eent of retirement on normal superannuation+ fullpension is restored at the a"e of 3* years %-* years afterthe normal retirement a"e(6
•
<oweer+ a youn"er VRS optee+ e6"6 a 0* year old VRSoptee+ will "et full pension restoration at the a"e of 2/years %0*C-* yrs(6
• Restoration of full pension at a youn"er a"e %compared to3* years (will be hi"hly benecial because the personwould in much better physical and mental condition tomake optimum utiliHation of money6
20
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 21/28
Attractions of VRS o8er %contd66(
• Furthermore+ after takin" retirement+ an indiidual will befree to take up employment elsewhere as per applicable:ot6 Policy or start entrepreneurial enture6
• A "roup of #SNL VRS optees can also form a cooperatieand undertake works outsourced by #SNL%e!plained infurther slides(6
21
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 22/28
)pportunities to emploees afteraailin& VRS
22
Actiities which can be outsourced to
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 23/28
Actiities which can be outsourced tocooperaties
•Iaintenance of small e!chan"es %J*K RS(
• Iaintenance of Passie infrastructure i6e6 Powerplant+ battery
• #roadband proisionin" and maintenance
• 9PA#M installation and OI
• Serice leel A"reements%SLAs ( between #SNLand the cooperatie6
•
Ownership of entire euipment with #SNL6• Operational e!penditure by the cooperatie and
sharin" of reenues
Other actiities which can be outsourced to
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 24/28
Other actiities which can be outsourced tocooperaties %contd666(
.( Sellin" #SNL products and serices bybecomin";
•Birect Sellin" A"ent %BSA(
•
Rural Bistributor•Franchisee
•'hannel Partner for small 9nterprise 'ustomers
)( #ill Bistribution0( Recoery of Outstandin" amount
'ommission and incenties will be "ien as per #SNL$s policy
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 25/28
Financial &mplications and sain"s to #SNL
25
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 26/28
Financial &mplications of proposed VRSOne time lump sum e!penditure for Bo and #SNL
49stimation for =- Lac VRS OpteesS=N
=
Item of Expenditure +o, lia>ilit #SN$ $ia>ilit
( )ne time lump sum expenditure on
- 9!4"ratia ,+2** 'r %Bo is reuested to fund (
. :ratuity )+)03 'r
) Pension commutation )+030 'r
0 Leae encashment .+0** 'r
* 6A6 for settlement at place of
choice
.*/ 'r
,),($ ?15/:; !r ?2:05 !r
@,'ere Aill >e annual additional expense on Pension6+R due to earl retirement=
and26
Summary of Sain"s to #SNL on account of wa"es
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 27/28
Su a y o Sa "s o S o accou o a"es
9stimation for =- Lac VRS optees
ear Sain& in Rs!rores
2012-14
4::9
2014-1/
4:22
201/-
15
4;/:
2015-1;
45/8
201;-1:
4/24
201:-18
4252
2018-19
4010
ear Sain& inRs=!rores
2020-21 2448
2021-22 19;;
2022-24 15//
2024-2/ 1109202/-25 :18
2025-2; 490
202;-2: 12/
27
,otal sain&s on Aa&es . Rs 452;; !rore=
7/25/2019 VRS-Stakeholder Consultations Sep.2011
http://slidepdf.com/reader/full/vrs-stakeholder-consultations-sep2011 28/28
'onclusion
•
VRS scheme is likely to be benecial both for theindiiduals optin" for oluntary retirement and for#SNL$s reial6
• Qin4Qin opportunity for both
top related