Dear all PTCL Employees,
The management has decided to reduce the minimum length of qualifying service for voluntary retirement for the benefit of PTCL employees. The attached file contains the notification in this regard.
Shahzad Safdar Khan
EVP OD & (Training and Career Dev)
Text of Notification (Modification in Retirement Age)
No: MPC/Misc/2011 Dated: June 28th, 2011
Inter Office Memo
Subject: Partial Modification in PTCL Service Regulations 1996
In order to facilitate PTCL employees in availing the benefit of voluntary retirement option before completing 25 years of service, the Management is pleased to reduce the minimum qualifying length of service required for voluntary retirement from 25 years to 20 years.
Relevant clauses of PTCL Service Regulations 1996 are hereby amended as under:
21.27. Retiring Pension – A retiring pension is granted to an employee who exercises his right to retire from service any time after completing twenty years qualifying service, before attaining the age of superannuation.
21.28. An employee other than an employee against whom disciplinary proceedings are pending, has the right to retire on retiring pension after 20 years qualifying service. Such an employee shall, at least one month before the date on which he intends to retire, be
required to submit a written intimation to the competent authority indicating the date on which he intends to retire. Such intimation once submitted shall be final and shall not be allowed to be modified or withdrawn after the competent authority has accepted it.
The preceding modifications will be applicable with immediate effect.