Leave surrender amount

Ramakrishna Kurup (Querist) 04 November 2011 This query is : Resolved
One manager retired from a unit running under Kerala Cooperative Societies Act.The management is not disbursing leave surrender amount saying that it is retirement benefit and it could be given only after the copletion of Statutory Audit and approval of audit by the general body.Leave surreder amount when encashed in every year is given . But now after retirement when the amount was demanded the management is saying the above reason.
My question is leave surrender value a retirement benefit

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Guest (Expert) 04 November 2011
Although leave surrender and encahment thereof, if permissible under the rules applicable to the organisation, is a sort of retirement benefit as a leave encashment on retirement, BUY it has nothing to do with the audit of the accounts of the society. Any amount of the retiree becoming due on the date of his retirement, like other retirement/terminal benefits, has to be paid irrespective of whether the audit is conducted or not.

Raj Kumar Makkad (Expert) 04 November 2011
I humbly do agree with Dhingra Sir.

venkatesh Rao (Expert) 04 November 2011
I do agree with experts and like to add that if denial on flimsy and irrational grounds and thereby delay is caused, u can claim interest for the delayed period.

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