Voluntary Retirement Scheme (VRS) Guidelines - Summary
The Voluntary Retirement Scheme (VRS) Guidelines PDF is the Department of Public Enterprises’ consolidated VRS and Voluntary Separation Scheme (VSS) memorandum for Central Public Sector Enterprises. Issued on 20 July 2018, this three-page English document brings together rules for applying VRS/VSS in CPSEs.
It sets out the Gujarat and Department of Heavy Industry compensation patterns, employee coverage, additional provisions and rules on taking another CPSE job after retirement. The memorandum states that compensation is capped by the lower of 60 days’ salary per completed service year or salary for the remaining service period; specific terms vary by pattern and enterprise. This is a government guideline, not a company-specific application form.
