Jharkhand News: TRF announces ‘Second Innings’ VRS for eligible employees

PINAKI MAJUMDAR

Jamshedpur, May 20:  In a move that underscores its appreciation for the long-standing contributions of its workforce, TRF Limited, a Tata Enterprise, has introduced a new initiative titled ‘Second Innings’ – Voluntary Retirement Scheme (VRS).

This scheme aims to provide a dignified and financially secure transition for eligible employees who wish to explore new life opportunities.

Eligibility Criteria

The scheme is open from June 1 to June 30, 2025, for employees who meet the following criteria:

Must be in a permanent role (Officers or Non-Officers)

Must have attained 40 years of age

Must have completed a minimum of 10 years of continuous service with the organization as of March 31, 2025

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Key Benefits of the Scheme

‘Second Innings’ is designed to ensure a respectful exit while maintaining financial stability. Key benefits include:

Financial Payout: 50% to 75% of current monthly gross salary

Flexible Options: Choice between a one-time lump sum settlement or a monthly pension for up to 5 years

Accommodation Support: Continued use of company accommodation for up to one year

Medical Coverage: Medical facilities extended until the notional age of superannuation

A Message of Gratitude

“With ‘Second Innings’, we want to honor the invaluable service of our employees by offering them an opportunity to pursue their personal passions while the company supports their financial and healthcare needs,” said Kaushik Dutta, Head – Corporate Services and Communication.

TRF Limited, a Tata Enterprise, continues its tradition of valuing and supporting its employees while evolving as an organization.

The launch of the ‘Second Innings’ scheme reaffirms its commitment to employee welfare and mutual growth.