Employment Intelligence : Fifteen September 2018 To 21 September 2018

Central Government Employees Employment News Recruitment

Employment Intelligence : Fifteen September 2018 To 21 September 2018

September 12, 2018   Comment  

JOB HIGHLIGHTS : EMPLOYMENT NEWS - 15/09/2018 to 21/09/2018

VIJAYA BANK

Name Of Post : Probationary Assistant Manager (Credit)

No.of Vacancies : 330

Last Date :27.09.2018 

STATE BANK OF INDIA

Name Of Post : Deputy Manager (Security) together with Fire Station

No.of Vacancies : 48

Last Date :24.09.2018 

ANDHRA BANK

Name Of Post : Security Officer
No.of Vacancies : 20
Last Date :23.09.2018 

INDIAN OIL CORPORATION LIMITED

Name Of Post : Apprentices
No.of Vacancies : 345
Last Date :21.09.2018 

NORTHERN COALFILED LIMITED

Name Of Post : Mining Sirdar, Jr. Overman together with surveyor
No.of Vacancies : 220
Last Date :24.09.2018 

MAHANAGAR TELEPHONE NIGAM LIMITED

Name Of Post : Assistant Managers
No.of Vacancies : 38
Last Date :27.09.2018

रोजगार सारांश

विजया बैंक को

पद का नाम : परिक्षवाधीन सहायक प्रबंधक (|क्रेडिट) हेतु आवश्यकता
रिक्तियों की संख्या : 330
अंतिम दिनांक :27.09.2018 

भारतीय स्टेट बैंक द्वारा

पद का नाम : उप प्रबंधक (सुरक्षा) एवं अग्निशमन अधिकारी की आवश्यकता
रिक्तियों की संख्या : 48
अंतिम दिनांक :24.09.2018 

आंध्रा बैंक को

पद का नाम : सुरक्षा अधिकारी की आवश्यकता
रिक्तियों की संख्या : 20
अंतिम दिनांक :23.09.2018 

इंडियन ऑयल कारपोरेशन लिमिटेड द्वारा

पद का नाम : प्रशिक्षुओं हेतु भर्तियां
रिक्तियों की संख्या : 345
अंतिम दिनांक :21.09.2018 

नार्दन कोलफील्ड्स लिमिटेड को

पद का नाम : खनन सिरदार, कनिष्ठ ओवरमैन तथा सर्वेक्षक की आवश्यकता
रिक्तियों की संख्या : 220
अंतिम दिनांक :24.09.2018 

नार्दन कोलफील्ड्स लिमिटेड को

पद का नाम : खनन सिरदार, कनिष्ठ ओवरमैन तथा सर्वेक्षक की आवश्यकता
रिक्तियों की संख्या : 220
अंतिम दिनांक :24.09.2018 

महानगर टेलीफोन निगम लिमिटेड द्वारा

पद का नाम : सहायक प्रबंधकों की आवश्यकता
रिक्तियों की संख्या : 38
अंतिम दिनांक :27.09.2018

Clarification Regarding Travelling Allowance (Ta) Rules Afterward The Implementation Of Seventh Cpc

Central Government Employees Clarification Latest News about 7th Pay Commission Pay Commission Travelling Allowance

Clarification Regarding Travelling Allowance (Ta) Rules Afterward The Implementation Of Seventh Cpc

September 11, 2018   Comment  

As per dominion position every minute mentioned inwards SR-71 of FRSR part-11 TA rules, the TA for a local journeying shall live on admissible if the temporary house of duty is beyond 8km from the normal house of duty irrespective of whether the journeying is performed yesteryear the Government retainer from his residence or from the normal house of duty.

Central Authorities Employees Grouping Insurance Scheme, 1980 – Tables Of Benefits

Central Government Employees

Central Authorities Employees Grouping Insurance Scheme, 1980 – Tables Of Benefits

September 11, 2018   Comment  

Central Government Employees Group Insurance Scheme, 1980 – Tables of Benefits

F.No.28-01/2018-PAP

Government of India

Ministry of Communications

Department of Posts

(Establishment Division)/PAP Section

Dak Bhawan, Sansad Marg, New Delhi — 110 001

Dated: 11th September, 2018.

To.

ALL CHIEF POSTMASTER GENERALs,

DIRECTOR, RAKNPA, GHAZIABAD,

ALL POSTMASTER GENERALs,

ALL DIRECTORS OF PTCs.

Subject: Central Government Employees Group Insurance Scheme, 1980 – Tables of Benefits for the Savings Fund for the menstruation from 01.07.2018 to 30.09.2018 – reg.

I am directed to forrad herewith a re-create of the Ministry of Finance, Department of Expenditure’s OM No. 7(2)/EV/2016 dated fourth September, 2018, containing therewith the Tables of Benefits from the Savings Fund accumulations nether the Central Government Employees Group Insurance Scheme, 1980 for the menstruation from 1st July, 2018 to 30thSeptember, 2018 (i.e. for the tertiary Quarter) for information together with necessary action.

(K. V. Vijayakumar)

Assistant Director General (Estt.)

Encl: As above.

[DOWNLOAD]

Grant Of Scholarship To The Children Of Postal In Addition To Gds Employees

Central Government Employees GDS Scholarship Welfare

Grant Of Scholarship To The Children Of Postal In Addition To Gds Employees

September 10, 2018   Comment  

GRANT OF SCHOLARSHIP TO THE CHILDREN OF POSTAL & GDS EMPLOYEES - DOP ORDER DATED 30/08/2018

I am directed to inform yous that alongside reference to missive of the alphabet no.13-1/93-WL&Sports dated 20/05/1993, 1-1/2017-WL & Sports dated 31/31.01.2018 together with 19-31/2012-WL/sport dated 02.12.2013, Scholarshop for the wards of Postal besides every moment GDS Employees, the next decisions conduct maintain been taken which are conveyed every moment under:

Grant Of Dearness Allowance To Key Authorities Employees - Revised Rates Effective From 01.07.2018 [Dop Order]

Central Government Employees DA orders

Grant Of Dearness Allowance To Key Authorities Employees - Revised Rates Effective From 01.07.2018 [Dop Order]

September 09, 2018   Comment  

Centre’S Expenses On Salaries Increase, Vacancies Remain The Same: Study

Central Government Employees Salary Vacancies

Centre’S Expenses On Salaries Increase, Vacancies Remain The Same: Study

September 08, 2018   Comment  

The Central government’s expenditure on the salaries of civilian employees increased three-fold inward 10 years betwixt 2006-07 in addition to 2016-17, fifty-fifty equally but about 5 lakh posts remained vacant, on average, every year, according to authorities data.

“A hapless province amongst weak State capacity similar India, when confronted amongst the pressure level to redistribute, had necessarily to redistribute inefficiently, using blunt in addition to leaky instruments,” said the Economic Survey of 2016-17.

State capacity refers to the government’s mightiness to utilize resources to deliver essential services, such equally pedagogy in addition to health.

Concerns regarding the character of authorities services beingness affected due to understaffing were raised inward the 2015 written report of the Seventh Central Pay Commission, the commission to review in addition to revise key authorities employee pay packages.

For every 1 lakh people, Republic of Republic of India had 139 key authorities employees, compared to the US, which had 668, the written report said. Understaffing is often manifested inward protests in addition to inefficiency.

The Central authorities has spent Rs xi lakh crore ($160 billion), but about twice Sri Lanka’s gross domestic production (GDP) inward 2017 ($87 billion), on 3.2 1 grand m employees inward 10 years to 2016-17; the expense rose 340 per cent, from Rs 41,676 crore inward 2006-07 to Rs 1,82,513 crore inward 2016-17.

In 2006, of 3.5 1 grand m sanctioned posts, alone 88 per cent or 3.1 1 grand m positions were filled, a gap of 417,495 employees, the information show. In 2016, 89 per cent or 3.2 1 grand m of 3.6 1 grand m were filled, a vacancy of but about 412,752 employees.

The expenditure on base of operations pay increased 331 per cent, from Rs 27,834 crore to Rs 120,002 crore, over a decade to 2017. Employees received 157 per cent to a greater extent than in-hand cash, afterward the Seventh Central Pay Commission written report in addition to the hike inward minimum payoff (Rs 7,000 to Rs 18,000).

Dearness allowance (DA), additional compensation to comprehend cost-of-living increases, accounted for a larger part of the pay construction (42 per cent) than basic pay (36 per cent) betwixt 2011-12 in addition to 2015-16.

The tendency changed inward 2016-17, afterward the revisions recommended yesteryear the Seventh Central Pay Commission.

In 2016-17, basic salary formed 66 per cent of central-government salaries, followed yesteryear DA (16 per cent). House rent in addition to other allowances made upwardly the remaining 4 per cent in addition to fourteen per cent, respectively, according to the written report on Pay in addition to Allowance 2016-17.

Grant Of Ane Growth On 01.01.2016

Central Government Employees Increment

Grant Of Ane Growth On 01.01.2016

September 07, 2018   Comment  

This article is regarding grant of 1 growth on 1.1.2016, on the engagement of implementation of seventh CPC inward about cases. 

In this connection, the next communications may hold upwards referred to.

1. Rule 10 of CCS (RP) Rules 2008

2. Rule 10 of CCS (RP) Rules 2016

3. Govt. of India, Ministry of Finance, Department of Expenditure F.No. 4-21/2017-IC/E. III(A) dated 31.7.2018.

4. Govt. of India, Ministry of Finance, Department of Expenditure no 1/1/2008-IC dated 19.3.2012.

The sixth CPC introduced a uniform engagement of growth on 1.7 of each year. If an employee completes half dozen months’ of service equally on 1.7 of whatever year, he would hold upwards granted an increment. 

After implementation of sixth CPC, those officials who accept drawn their concluding growth inward fifth CPC authorities betwixt 1.2.2005 in addition to 1.6.2005 were also granted their outset growth later 6thCPC on 1.7.2017, later completion of to a greater extent than than 12 months. Considering this fact of waiting for to a greater extent than than 12 months, orders were issued vide reference four cited above. As per this order, those who accept drawn their growth inward 2015 betwixt 1.2 in addition to 1.6 were granted an growth on 1.1.2006 inward the pre revised scale in addition to they their pay had been fixed equally per sixth CPC fixation formula. Thus, their involvement had been protected.

There is about other laid of employees who were pose into a loss consequent on the introduction of uniform increment. Those officials who joined service during the sixth CPC regime, betwixt 2.1 in addition to 30.6 were on the losing side. For example, the employee who joined service on 3.1.2007 was granted his outset growth exclusively on 1.7.2008 equally the official did non consummate half dozen months’ service on 1.7.2007. Thus this official had waited for to a greater extent than than 12 months for getting his outset increment. These officials are also on the same basis of the officials mentioned inward the pre para.

Now equally per the communication cited three above, the officials who are appointed or promoted on 1.1 or 1.7 are guaranteed for their outset growth later completion of half dozen months.

In the calorie-free of the above, those officials who accept joined service betwixt 2.1 in addition to 30.6 of whatever twelvemonth during the sixth CPC regime, should hold upwards granted 1 growth on 1.1.2016 inward the pre revised scales (6th CPC scales) in addition to therefore their pay should hold upwards fixed equally per seventh CPC fixation formula.

This volition homecoming judge to those employees.

I promise the Government volition visit this instance in addition to displace effect a like gild on the same lines of the gild dated 19.3.2012 considering the facts of this case.

Thanking you

Article yesteryear :

Shri. R.Hariharakrishnan,

Manager,

Postal Stores Depot,

Tirunelveli 627002, Tamilnadu

Grant Of Starting Fourth Dimension Increment Subsequently Advertisement Consequent On The Orders Dated 31.7.2018

Central Government Employees Increment MACP MACP in Pay Commission

Grant Of Starting Fourth Dimension Increment Subsequently Advertisement Consequent On The Orders Dated 31.7.2018

September 07, 2018   Comment  

his article is regarding the grant of FIRST increment later initial appointment, advertisement including upgradation nether MACPS.

            In this regard, the next communications may hold upwards referred to.

1. Rule 10 of CCS(RP) Rules 2016.
2. Govt of India, Ministry of Finance, Department of Expenditure no F.No.4-21/2017-IC/E.III(A) dated 31.7.2018.

Consequent on the implementation of the 7th CPC, ii dates of increments viz. 1.1 together with 1.7 were introduced. The dominion farther provides that an employee shall hold upwards entitled to solely 1 annual increment either on 1st January or 1st July depending on the appointment of appointment, advertisement or grant of fiscal upgradation.

The sub-rule (2) of CCS(RP) Rules provides that increment inward honor of an employee appointed or promoted or granted fiscal upgradation including upgradation nether MACP during the menstruation betwixt the 2nd day of Jan together with 1st day of July (both inclusive) shall hold upwards granted on 1st day of Jan together with the increment inward honor of an employee appointed or promoted or granted fiscal upgradation including upgradation nether MACP during the menstruation betwixt 2nd day of July together with 1st day of Jan (both inclusive) shall hold upwards granted on 1stday of July. Thereafter, the increment volition hold upwards granted on annual basis. This is introduced then that the employee should non await for to a greater extent than than vi months for getting his offset increment.

As per the communication referred 2 above, it is clarified that inward instance an employee is promoted or granted fiscal upgradation including upgradation nether the MACP scheme on 1st January or 1st July, where the pay is fixed inward the flat applicable to the post service on which advertisement is made inward accordance with the Rule thirteen of the CCS (RP) Rules, 2016, the offset increment inward the flat applicable to the post service on which advertisement is made shall accrue on the next 1st July or 1st January, every bit the instance may be, provided a menstruation of vi months’ qualifying service is strictly fulfilled. The side past times side increment thereafter shall, however, accrue solely later completion of 1 year.

The inward a higher house gild creates an anomaly inward the pay fixation. It requires modification. Otherwise, the involvement of the seniors volition hold upwards affected. For example, reckon the next cases.

Consider 3 employees A, B together with C with appointment of appointment 1.3.2007, 1.6.2007 together with 1.7.2007. All the officials are appointed every bit Postal Assistants inward the Department of Posts, with degree pay 2400.

The initial pay would hold upwards Rs.7510+2400 GP together with full Rs. 9910

The pay from fourth dimension to fourth dimension would hold upwards every bit follows.

Official A

DCCS 1.3.2007  MACPS I due on 1.3.2017. opted for fixation on DNI i.e. 1.7.2017

Period	Pay	GP	Total	Remarks
1.3.2007	7510	2400	9910	Initial appointment
1.7.2008	7810	2400	10210	No increment on 1.7.2007
1.7.2009	8120	2400	10520
1.7.2010	8440	2400	10840
1.7.2011	8770	2400	11170
1.7.2012	9110	2400	11510
1.7.2013	9460	2400	11860
1.7.2014	9820	2400	12220
1.7.2015	10190	2400	12590
1.1.2016	33300			7th CPC fixation
1.7.2016	34300			First increment later 7th CPC
1.3.2017	34900			Next higher phase inward the promoted scale upto 30.6.2017. Option on DNI.
1.7.2017	37000			Pay fixation for MACP.
1.1.2018	37000			No increment on 1.1.2018 since appointment of advertisement is non on 1.1 or 1.7.
1.7.2018	38100			First increment later MACP

Official B

DCCS: 1.6.2007   MACPS I due on 1.6.2017. Non qualifying service thirty days.  Hence, his MACP volition hold upwards granted solely on 1.7.2017. opted for fixation on appointment of advertisement i.e. on 1.7.2017.

Period	Pay	GP	Total	Remarks
1.6.2007	7510	2400	9910	Initial appointment
1.7.2008	7810	2400	10210	No increment on 1.7.2007
1.7.2009	8120	2400	10520
1.7.2010	8440	2400	10840
1.7.2011	8770	2400	11170
1.7.2012	9110	2400	11510
1.7.2013	9460	2400	11860
1.7.2014	9820	2400	12220
1.7.2015	10190	2400	12590
1.1.2016	33300			7th CPC fixation
1.7.2016	34300			First increment later 7th CPC
1.7.2017	37000			MACP pay fixation
1.1.2018	38100			First increment later MACPS every bit per the orders dated 31.7.2018

Official C

DCCS: 1.7.2007   MACPS I due on 1.7.2017. Opted for fixation on the appointment of promotion.

Period	Pay	GP	Total	Remarks
1.7.2007	7510	2400	9910	Initial appointment
1.7.2008	7810	2400	10210
1.7.2009	8120	2400	10520
1.7.2010	8440	2400	10840
1.7.2011	8770	2400	11170
1.7.2012	9110	2400	11510
1.7.2013	9460	2400	11860
1.7.2014	9820	2400	12220
1.7.2015	10190	2400	12590
1.1.2016	33300			7th CPC fixation
1.7.2016	34300			First increment later 7th CPC
1.7.2017	37000			MACP pay fixation
1.1.2018	38100			First increment later MACPS every bit per the orders dated 31.7.2018

If nosotros compare the pay of these 3 officials every bit on 1.1.2018, the senior close official Influenza A virus subtype H5N1 who has no non qualifying service is getting Rs. 37000 whereas the official B, who is junior to Influenza A virus subtype H5N1 together with having a non qualifying service of thirty days is getting Rs.38100, the official C who is the juniormost official is getting Rs.38100. This adversely affects the involvement of the senior close official.

The remedy suggested.

The create goodness given inward the orders dated 31.7.2018 should hold upwards extendedto those employees who are promoted or granted upgradation including upgradation nether the MACP system together with whose pay is fixed on 1.1 or 1.7 every bit per the option. In the instance of employees Influenza A virus subtype H5N1 together with B above, since their pay is fixed on 1.7 every bit per their option, the offset increment later MACPS should hold upwards granted on 1.1.2018 which maintains equality with the officials.

It may hold upwards noted that the senior cannot claim for stepping upwards of pay every bit per the orders on MACPS. The senior close official A, eventhough opted for his pay fixation on his DNI, volition popular off less pay than his junior.

The gild dated 31.7.2018 needs to hold upwards modified every bit follows.

Original order

As per the communication referred 2 above, it is clarified that inward instance an employee is promoted or granted fiscal upgradation including upgradation nether the MACP system on 1st January or 1st July, where the pay is fixed inward the flat applicable to the post service on which advertisement is made inward accordance with the Rule thirteen of the CCS (RP) Rules, 2016, the offset increment inward the flat applicable to the post service on which advertisement is made shall accrue on the next 1st July or 1st January, every bit the instance may be, provided a menstruation of vi months’ qualifying service is strictly fulfilled. The side past times side increment thereafter shall, however, accrue solely later completion of 1 year.

To hold upwards modified as

As per the communication referred 2 above, it is clarified that inward instance an employee is promoted or granted fiscal upgradation including upgradation nether the MACP system on 1st January or 1st July, and inward instance of an employee who exercises choice for fixation of pay on Date of side past times side increment, consequent on advertisement or fiscal upgradation including upgradation nether MACP, and where the pay is fixed inward the flat applicable to the post service on which advertisement is made inward accordance with the Rule thirteen of the CCS (RP) Rules, 2016, the offset increment inward the flat applicable to the post service on which advertisement is made shall accrue on the next 1st July or 1st January, every bit the instance may be, provided a menstruation of vi months’ qualifying service is strictly fulfilled. The side past times side increment thereafter shall, however, accrue solely later completion of 1 year.

I hope, the Government volition reckon this appear together with drive number modified orders inward gild to homecoming jurist to the senior officials.

Thanking you.

Article by

R.Hariharakrishnan,

Manager,

Postal Stores Depot,

Tirunelveli 627002

New Contributory Pension Organisation (Nps)

Central Government Employees New Pension Scheme

New Contributory Pension Organisation (Nps)

September 06, 2018   Comment  

NEW CONTRIBUTORY PENSION SYSTEM (NPS)

M.krishnan

Secretary General

Confederation of Central Govt.

Employees & Workers

Pension scheme was inwards style inwards Bharat for a century or to a greater extent than in addition to the British Government during the pre-independence era introduced Pension Rules for Government employees in addition to thus made it statutory. In the twelvemonth 1982 Supreme Court inwards its landmark sentence inwards Nakara’s illustration declared that - “as per India’s constitution, Government is obliged to supply social in addition to economical safety to pensioners in addition to that Government retirees had the key right to pension..... Pension is non a bounty nor a affair of grace depending upon the sweetness volition of the employer. It is non an ex-gratia payment, but a payment for past times service rendered. It is a social welfare measure, rendering socio-economic justice to those who inwards the hi days of their life, ceaselessly toiled for their employers on the assurance that inwards their sometime age, they would non live left inwards lurch.”

During the advent of globalisation policies inwards 1980’s the pension reforms also started simultaneously. International Monetary Fund & World Bank started publishing so many reports in addition to documents emphasizing the take away for pension reforms. They also started studying virtually the reforms to live undertaken inwards the pension sector inwards India. In 2001, “IMF piece of occupation newspaper on pension reforms inwards India” in addition to World Bank Bharat specific report“India - the challenge of sometime historic menses income security” were published. Their piece of occupation reports emphasized that “Pension obligations or promises made past times the Governments which get got potential of exerting pressure level on Govt. finances, get got been a dependent area of increased focus inwards assessing medium to long term financial sustainability.” In melody amongst the dictates of International Monetary Fund in addition to World Bank BJP-led NDA Government appointed Bhattacharjee Committee inwards 2001 headed past times Ex-Chief Secretary of Karnataka, to study in addition to recommend pension reforms. Thus afterward creating basis for pension reforms, nether the pretext of implementing recommendations of Bhattacharyya Committee, the NDA Government introduced New Pension System called Defined Contributory pension scheme for all employees who bring together service on or afterward 01-01-2004. The Congress-led UPA Government which came to might inwards 2004 continued amongst the reforms in addition to promulgated an ordinance to legalise NPS. But UPA-I Govt. could non top the Pension Bill inwards Parliament due to rigid opposition of Left Parties supporting it. Later when UPA-II Government came to might the Pension Regulatory in addition to Development Authority (PFRDA) Bill was passed inwards the Parliament amongst the back upwards of BJP, the in addition to so opposition party. Many State Governments governed past times political parties other than Left Parties, introduced Contributory Pension System for their employees from diverse dates afterward 2004. Left Front Governments of Kerala, West Bengal in addition to Tripura refused to innovate the New Pension Scheme in addition to they continued amongst the sometime defined produce goodness pension scheme. Congress-led UDF Government introduced NPS inwards Kerala. After BJP coming to might inwards Tripura also Contributory Pension Scheme is introduced recently. In West Bengal sometime Pension Scheme continues fifty-fifty now. Not only newly appointed Central in addition to State Government employees, almost all novel entrants of populace sector in addition to Autonomous bodies are also brought nether the purview of NPS.

As per New Contributory Pension Scheme an sum of 10% of pay summation Dearness Allowance volition live deducted each calendar month from the salary of the employees covered nether NPS in addition to credited to their pension account. Equal sum is to live credited past times the Government (employer) also. Total sum volition become to the Pension Funds constituted nether the PFRDA Act. From the pension fund the sum volition become to the portion market. As per the PFRDA Act - “there shall non live whatever implicit or explicit assurance of produce goodness except (share) marketplace based guarantee machinery to live purchased past times the subscribers”. Thus the sum deposited inwards Pension Fund may or may non grow depending on the fluctuations inwards the portion market. After attaining lx years of historic menses i.e., at the fourth dimension of retirement, 60% of the accumulated sum inwards the Pension Account of the employee volition live refunded in addition to the residuum 40% volition live deposited inwards an Insurance Annuity Scheme. Monthly sum received from the Insurance Annuity Scheme is the monthly pension i.e., Pension is non paid past times Government, but past times the Insurance Company in addition to thence NPS is null but Pension Privatization..

Thus it tin give the axe live seen that the growth of the accumulated sum inwards the Pension fund depends upon the vagaries of portion market. If the portion markets collapse, every bit happened during the 2008 basis financial crisis, in addition to so the entire sum inwards the pension fund may vanish. In that illustration employee volition non larn whatever pension. Every fluctuation inwards the portion marketplace volition deport on the futurity of pension of those employees who are covered nether NPS. Uncertainty virtually pension in addition to retirement life looms large over their heads. Even if at that topographic point is a stabilized portion marketplace the 40% sum inwards the annuity scheme is non plenty to larn 50% of the final pay drawn every bit pension, which is the minimum pension every bit per sometime pension scheme. Many employees who entered inwards service afterward 01-01-2004 has retired inwards 2017 in addition to 2018 afterward completing 12 & xiii years of service. They are getting Rs.1400- to Rs.1700- only every bit monthly pension from Insurance Annuity Scheme. If they get got entered service inwards 2003 i.e., inwards the sometime pension scheme, they would get got got 50% of the final pay drawn every bit pension dependent area to a minimum of Rs.9000- every bit minimum pension, that likewise without giving whatever monthly contribution towards pension from their salary. In short, NPS is null but NO PENSION SYSTEM.

As per clause 12(5) of the PFRDA Act fifty-fifty the employees in addition to pensioners who are non covered nether NPS, tin give the axe live brought nether the Act past times a Gazette notification past times the Government. Thus NPS is a Damocles’ sword hanging over the caput of all employees in addition to pensioners. 

Who is the beneficiary of this pension reforms? As inwards the illustration of every neo-liberal reforms, the ultimate beneficiary is the Corporates. The huge sum collected from the workers through pension fund is invested inwards portion marketplace past times the Pension Fund Managers in addition to this sum inwards plow tin give the axe live utilied past times the multi-national Corporates for multiplying their profit. Amount deducted in addition to credited to the Pension fund from each newly recruited employees summation the employer’s portion sum volition rest amongst the pension fund in addition to portion marketplace for a menses of minimum thirty to 35 years i.e., till the historic menses of lx years. During this long menses of 35 years crores in addition to crores of rupees volition live at the disposal of portion marketplace controlled past times multinational corporate giants. Ultimate causality volition live the piteous helpless employee/pensioner.

Confederation of Central Government Employees in addition to Workers in addition to All Bharat State Government Employees Federation (AISGEF) has been opposing the NPS from the real showtime in addition to a i solar daytime blast was conducted on 30th Oct 2007. It was i of the primary need inwards all other strikes during these period. The crusade in addition to fighting against NPS continued in addition to every bit of instantly the subjective in addition to objective weather condition for a bigger fighting against NPS has emerged every bit almost 50% of the full employees inwards Central, State, Public sector in addition to Autonomous bodies are instantly covered nether NPS in addition to are becoming to a greater extent than in addition to to a greater extent than restive in addition to agitated. seventh Central Pay Commission Chairman Retired Supreme courtroom Judge Sri. Asok Kumar Mathur has correctly pointed out that “Almost a whole lot of Government employees appointed on or afterward 01-01-2004, were unhappy amongst New Pension Scheme. Govt. should get got a telephone shout out upwards to expect into their complaint”. 

As per the recommendations of seventh CPC, Central Government appointed a Committee called “NPS Committee” for streamlining the performance of NPS. The Staff-side has demanded earlier this Committee to bit NPS in addition to guarantee for 50% of the final pay drawn every bit minimum pension dependent area to a minimum of Rs.9000-. Even though, the Committee has submitted its written report xviii months back, the Government has non withal disclosed the recommendations of the Committee. 

Confederation in addition to AISGEF has decided countrywide intensive crusade culminating inwards i solar daytime blast on 15th Nov 2018 demanding that the Defined Contributory Pension Scheme (New Pension Scheme - NPS) imposed on novel entrants must live scrapped in addition to the Government should reintroduce the Defined Benefit Pension Scheme (Old Pension Scheme - OPS) that was inwards style for a century or more. We are also exploring the possibility of organizing an indefinite blast inwards the coming days alone on i need i.e., SCRAP NPS, RESTORE OPS for which wider consultations are beingness made amongst all like-minded organizations.

......

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e-mail: mkrishnan6854@gmail.com