(1) Any Employee who is eligible to receive pension and has completed the age limit of fifty years may voluntarily retire from the service on such terms and within such period as set forth and specified in a notification published by the Committee in the Nepal Gazette. A service period not exceeding seven years shall be added and the total service period shall be fixed for pension in such a manner that the age of the Employee who so retires voluntarily does not cross sixty years.
(2) Notwithstanding anything contained in sub-section (1), if an Employee who is eligible to have pension and has completed the age limit of fifty years intends to have voluntary retirement, the Employee may make an application to the Committee. Voluntary retirement may be awarded to such an Employee who so intends to
have voluntary retirement by promoting him or her to one level higher post in the event that he or she is entitled to promotion to one level higher post pursuant to Section 39, and adding the service of a maximum of seven years in a manner not to exceed the age of sixty years.