Scrap Nps!!! Pension Is My Right...
Confederation of Central Govt Employees & Workers
Tampilkan postingan dengan label New Pension Scheme. Tampilkan semua postingan
Tampilkan postingan dengan label New Pension Scheme. Tampilkan semua postingan
Selasa, 11 September 2018
Kamis, 06 September 2018
New Contributory Pension Organisation (Nps)
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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Mob & whatsapp: 09447068125
e-mail: mkrishnan6854@gmail.com
Rabu, 22 Agustus 2018
New Pension System (Nps)
Press Information Bureau
Government Of India
Ministry Of Finance
Dated: 10-08-2018
New Pension Scheme (NPS)
National Pension System (NPS) has been designed giving utmost importance to the welfare of the subscribers. Government has made a witting deed to shift from the defined create goodness Pension Scheme to defined contribution pension scheme i.e. NPS, due to rise together with unsustainable pension bill. There are a release of benefits available to the employees nether NPS. Some of the benefits are enlisted below:
NPS is a good designed pension organisation managed through an unbundled architecture involving intermediaries appointed past times the Pension Fund Regulatory together with Development Authority (PFRDA) viz. pension funds, custodian, key tape keeping together with accounting agency, National Pension System Trust, trustee bank, points of presence together with Annuity service providers. It is prudently regulated past times PFRDA which is a statutory regulatory trunk established to promote quondam historic catamenia income safety together with to protect the involvement of subscribers of NPS.
The pension wealth which accumulates over a catamenia of fourth dimension till retirement grows alongside a compounding effect. The all-in-costs of the institutional architecture of NPS are amid the lowest inwards the world.
Contribution made to the NPS Tier-I line organisation human relationship is eligible for revenue enhancement deduction nether the Income Tax Act, 1961. An additional revenue enhancement rebate of Rs.50000 is too allowed for contributions made to NPS Tier-I nether Section 80CCD (1B) of the Income Tax Act, 1961.
Subscribers tin take upwardly to 25% of their ain contributions earlier attaining historic catamenia of superannuation, dependent champaign to sure enough conditions. Further, PFRDA vide “PFRDA (Exits together with Withdrawals nether the NPS) (First Amendment) Regulations, 2017” dated 10.08.2017 has liberalized norms for partial withdrawals which too include reduction of requirement of minimum years of beingness enrolled nether NPS from 10 years to iii years from the appointment of joining.
PFRDA has increased the maximum historic catamenia confine from sixty years to 65 years for joining NPS-All Citizen Model together with Corporate Sector Model, vide “PFRDA (Exits together with Withdrawals nether the NPS) (Second Amendment) Regulations, 2017” dated 06.10.2017.
PFRDA vide “PFRDA (Exits together with Withdrawals nether the NPS) (Third Amendment) Regulations, 2018” dated 02.02.2018 has facilitated tardily leave of absence & withdrawal inwards illustration of disability together with incapacitation of the subscriber covered nether NPS.
Transparency together with Portability is ensured through online access of the pension line organisation human relationship past times the NPS subscribers, across all geographical locations together with portability of employments.
Representations convey been received which inter alia too include the need that the Government may revert to quondam defined create goodness pension system. However, due to rise together with unsustainable pension mouth together with competing claims on the fiscal, at that spot is no proposal to supersede the NPS alongside quondam pension scheme inwards honour of Central Government employees recruited on or subsequently 01.01.2004.
This was stated past times Shri Shiv Pratap Shukla, Minister of State for Finance inwards a Written respond to a inquiry inwards Lok Sabha today.
Source: PIB
Kamis, 16 Agustus 2018
Old Pension System Vs Novel Pension Scheme
The one-time pension system was a defined produce goodness system where the authorities promises that in 1 lawsuit you lot retire, you lot volition larn too hence much pension based on the concluding drawn salary. In NPS ten per cent of your salary is deducted every calendar month for a contribution towards NPS too the same sum is matched yesteryear the government.
Selasa, 14 Agustus 2018
Rabu, 08 Agustus 2018
2018 November 15Th Boom - Memorandum To Survive Submitted To Governor, Main Minister, Mp, Leaders Of Political Parties, Merchandise Unions, Eminent Personalities Etc,.
Dear Comrades,
All the affiliated organizations in addition to C-o-Cs are requested to submit the next Memorandum to all concerned during the calendar month of August, 2018.
While taking the copy, inwards the starting fourth dimension para delete the designations shown inwards brackets which are non required.
M.Krishnan
Secretary General
Confederation
Mobile & whatsapp:09447068125
mkrishnan6854@gmail.com
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CONFEDERATION OF CENTRAL GOVT. EMPLOYEES AND WORKERS
MEMORANDUM
Memorandum submitted to ..................................................................................................... .................................................................................................................................... (Governor, Chief Minister, MP, Leaders of Political Parties, Trade Unions in addition to eminent personalities etc.) on the grievances of Central Government employees in addition to Pensioners.
No................................. Date.............................
Respected Sir/Madam,
We, on behalf of 32 lakhs Central Government employees in addition to 33 lakhs Pensioners, seek your benign intervention to settle the next genuine grievances pending redressal for the finally many years. We bring brought these issues to the uncovering of the Central Government several times in addition to also discussed inwards the negotiating forum which meets rarely. Inspite of our best efforts the issues could non live settled due to the unhelpful mental attitude of the Government. Having left alongside no other alternatives, nosotros bring been compelled to declare 1 twenty-four hr catamenia nationwide hit of Central Government employees on 15th Nov 2018. It is inwards this background, nosotros are approaching your goodself for your sort intervention, thus that the affair volition live brought to the uncovering of the Hon’ble Prime Minister for early on settlement.
1. Scrap Contributory Pension Scheme (Known equally New Pension Scheme - NPS) in addition to restore Defined Benefit Pension Scheme nether CCS (Pension) Rules 1972 to all Central Government Employees, joined inwards service on or after 01-01-2004.
Contributory Pension Scheme (called equally New Pension Scheme - NPS) was introduced through an executive social club alongside outcome from 01-01-2004 for all Central Government employees who joined service on or after 01-01-2004. Subsequently Pension Fund Regulatory in addition to Development Authority Act (PFRDA) was enacted to arrive statutory. As per the NPS 10% Pay addition DA volition live recovered from the employee each calendar month in addition to an equal total volition live contributed past times Government. The total goes to the Pension Fund in addition to from at that topographic point to percentage market. As per the PFRDA Act - “There shall non live whatsoever implicit or explicit assurance of produce goodness except marketplace based guarantee machinery to live purchased past times the subscribers”. Thus it tin live seen that the contribution inwards the Pension Fund is fully subject on the vagaries of percentage market. There is no guarantee whether pension volition live received at the historic catamenia of sixty years in addition to fifty-fifty if received what volition live the total of pension. Now, many employees who entered service on or after 01-01-2004 has started retiring from service after completing 12 to xiii years service. They have a megre total of 900 to 1700 equally monthly pension, whereas equally per the one-time pension system an employee alongside minimum 10 years service is eligible for 50% of finally pay drawn equally monthly pension, champaign of study to a minimum of Rs.9,000/- per month, that besides without giving whatsoever contribution to the pension fund. With meager total of Rs.900 to 1700 how a pensioner in addition to his menage unit of measurement tin survive?
It is this bitter reality that compels the employees to need scraping of NPS in addition to restoration of the one-time Pension Scheme for all those employees who entered service on or after 01-01-2004.
2. Honour assurance given past times Group of Ministers to the Leaders of National Joint Council of Action (NJCA) of Central Government employees regarding increment inwards Minimum Pay in addition to Fitment formula for Pay revision from 01-01-2016.
Most of the recommendations of seventh Central Pay Commission (CPC) are retrograde, peculiarly regarding Minimum Pay in addition to Fitment formula. The NJCA representing entire Central Govt. employees had given uncovering for indefinite hit from 11th July 2016 demanding modifications inwards the recommendations of seventh CPC.... To avert the inevitable hit action, a Group of Ministers consisting of Shri. Rajnath Singh, Home Minister, Shri. Arun Jaitley, Finance Minister in addition to Shri. Suresh Prabhu, thus Railway Minister held intelligence alongside NJCA leaders on 30-06-2016 in addition to assured that the chief need of increment inwards Minimum Pay in addition to Fitment formula volition live considered favourably in addition to for that purpose a High Level Committee volition live constituted past times the Government which volition submit its study inside iv months time. This assurance was confirmed through a press disputation issued past times Finance Ministry on 06-07-2016. Even though 2 years are over since then, neither High Level Committee is constituted past times Government nor the assurance given past times Group of Ministers implemented. Entire employees in addition to pensioners experience allow downward in addition to betrayed. Now Government has made it clear inwards the Parliament that at present, no such proposal for increment inwards Minimum Pay in addition to Fitment formula is nether consideration of the Government.
3. Regularisation in addition to grant of Civil Servant status to Gramin Dak Sevaks of the Postal Department. Implement all positive recommendations of Kamalesh Chandra Committee study without whatsoever modifications or dilution:
Consequent upon the engagement of seventh Central Pay Commission, the Government laid upward a split upward commission on 19-11-2015 for revision of payoff of 3 lakhs Gramin Dak Sevaks (GDS) of Postal Department. Even though the Committee submitted its study on 24-11-2016, the Government delayed its implementation for eighteen months. Aggrieved past times this, entire GDS employees went on xvi days indefinite hit in addition to finally Government approved the wage revision. Even though the revised pay scales recommended past times the Committee is approved alongside outcome from 01-07-2018, the formula for pay fixation in addition to calculation of arrears from 01-01-2016 to 30-06-2018, recommended past times the Committee is modified past times the Government to the detriment of the employees resulting inwards loss of huge total of arrears to each Gramin Dak Sevak. Further another recommendations of the Committee similar composite allowance, raising the maximum bound of ex-gratia gratuity to 5 lakhs, 3 fiscal upgradations, enhancement of paid move out from 20 to 30, Enhancement of monthly subscription in addition to insurance encompass of EDGIS, Enhancement of working hours equally per workload upto 8 hours, combined duty allowance, retirement on finally twenty-four hr catamenia of the calendar month on which GDS attains the retirement historic catamenia etc. are either modified/curtailed or rejected past times the Government. Recommendations similar grant of Children Education Allowance, Emergency leave, Accumulation of paid move out upto 180 days, Insurance Scheme, Limited transfer liability, Voluntary Discharge Scheme, lesser qualifying service for Limited Departmental Competitive Examinations (LDCE) etc. are nevertheless to live approved past times the Government. Our need for regularisation in addition to grant of pension equally per CCS (Pension) Rules 1972, Introduction of Medical Insurance Scheme, weightage increment for every 3 years service to seniors, etc. are non considered favourably past times the Government. In short, the mental attitude of the Government towards the genuine demands of the GDS employees is non at all positive in addition to Govt. desire to move along the inhuman exploitation of GDS.
(b) Regularisation of Casual, Part-time, Contingent in addition to Contract Workers who are engaged for years together to perform the piece of occupation which are permanent in addition to perennial inwards nature.
Thousands of Casual in addition to Contract workers are engaged inwards diverse Central Government departments against permanent Group-C vacant posts in addition to also to perform other piece of occupation which is permanent/perennial inwards nature similar sweeping etc. Consequent on introduction of ban on recruitment past times successive governments inwards power, their number increased phenomenally. Government is non ready to regularize them in addition to is non fifty-fifty ready to grant equal wage for equal piece of occupation reiterated inwards the latest Supreme Court Judgment.
4. Pension Parity recommended past times seventh Central Pay Commision (Option-I):
seventh Central Pay Commission, headed past times Justice (Rtd) Ashok Kumar Mathur in addition to consisting of experts from diverse fields, has recommended a novel formula called “Option-I” for fixation of pension of all pensioners retired prior to 01-01-2016 which ensure cent per centum parity inwards pension betwixt nowadays in addition to past times pensioners. But, the Government has unilaterally rejected the recommendation on the specious plea that it is non viable to implement. This has adversely affected the pensionary benefits of nearly 33 lakhs Central Govt. Civilian Pensioners.
In improver to the inwards a higher house the next demands of the Central Govt. employees are also long pending.
5. Filling upward of all vacant posts.
There are nearly half dozen lakhs vacant posts remaining unfilled inwards diverse Central Government departments.
6. Stop closure of Government establishments -
Government has issued orders for closure of 12 Govt. of Republic of Republic of India Printing Presses out of 17 Presses, inspite of the fact that the Parliamentary Standing Committee has opposed the proposal in addition to recommended twice for revival in addition to modernisation of all 17 printing presses.
7. Implement seventh CPC wage revision in addition to pension revision of all Autonomous trunk employees in addition to pensioners.
There are nearly 600 Autonomous bodies nether the Central Government. seventh CPC wage revision in addition to pension revision is non nevertheless extended to 80% of the Autonomous trunk employees in addition to pensioners.
8. Remove 5% status imposed on compassionate appointments -
Govt. has restricted the compassionate appointments to 5% of the total Direct recruitment quota vacancies earmarked for each twelvemonth inwards each recruiting units of diverse departments. This has resulted inwards rejection of fifty-fifty genuine in addition to deserving cases of compassionate appointments. The dependents of thousands of employees who died spell inwards service are position to untold sufferings due to this inhuman conclusion of the Central Government
9. Stop laid on on merchandise matrimony rights in addition to ensure prompt performance of diverse negotiating forums nether the Joint Consultative Machinery (JCM) system at National in addition to Departmental flat -
Government has issued instructions banning all peaceful agitational programmes similar dharnas, demonstrations etc. Various negotiating forums nether the JCM Scheme are non convened regularly in addition to has move almost defunct or ineffective.
10. Grant of 5 promotions during the entire service career of each employee -
At nowadays almost all employees inwards the Group B in addition to Group-C cadres retire from service alongside maximum 3 promotions only. Our asking to ensure minimum 5 promotions inwards one’s career is non considered favourably past times Government.
The inwards a higher house are about of the chief issues agitating the minds of lakhs of key Govt. Employees in addition to pensioners for long. Once 1 time again asking your sort intervention.
With profound regards,
Yours faithfully,
Place: Name :
Date: Designation :
Union/Assn/Federation’s Name :
or advert of C-O-C :
To
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CLICK HERE FOR THE COPY OF MEMORANDUM
Minggu, 05 Agustus 2018
Demanding Scrapping Of Nps Inwards The Rajya Sabha
AAP MP Sanjay Singh - Demanding scrapping of NPS inward the Rajya Sabha
