#National Pension Scheme

The Madhya Pradesh High Court ruled that a Labour Court's classification of an employee as permanent entitles them to pension under the old regime, regardless of NPS deductions or lack of sanctioned posts. This decision reinforces that judicial classification prevails over administrative pension schemes, ensuring pensionary benefits for workers classified as permanent.

Madhya Pradesh High Court rules that an employee's choice under the Pension Regulations 2018-such as opting for the National Pension Scheme (NPS) 1995-is final and binding on the nominee, disqualifying claims under later regulations. The judgment underscores regulatory compliance in pension schemes for bank employees.