Hello , I Deepak Sharma, 52 Years, working in BSNL as AGM. I have completed 26 years of Service. I am working at my home town Ambala , Haryana since 26 Years. Since last three years BSNL has implemented longer stay Policy. This year my name appeared in the longer list. I may be transferred out of Haryana. ( any where in India) I am not interested in leaving my Home town after such a long stay also I am diabetic. My daughter is doing BPT and Son appearing for JEE. My wife is House wife . My job is pensionable. I need your help in deciding whether I should take VRS or continue. My pension will be around 70 Thousand per month. In BSNL pay scales are not changed since 2017. I have already talk to my wife she has no objection I take VRS. We are planning to start tuition Centre. Kindly give some suggestion I will be highly Obliged.
Ans: Hello Mr.Sharma
May I suggest following.
1.As rightly some by you, kindly talk to your family, they are the best to guide you.
2. If your financial situation is good enough then you may want to take VRS. However please do calculation of amount you will get from VRS and the responsibilities that you have to discharge: kids education, kids marriage and your retirement needs.
Tution is a safe bet, but it might take you time to generate enough to take care of your expenses.
So at this point I would suggest do financial calculation, you may seek help of trusted financial advisor. Basis that you can take your call.
All the best