“Joint consultative machinery for Central Government employees is already functioning. This scheme has been introduced with the object t of promoting harmonious relations and of securing the greatest measure of co-operation between the Government, in its capacity as employer and the general body of its employees in matters of common concern, and with the object further of increasing the efficiency of the public service. The JCM at different levels have been discussing issues brought before it for consideration and either reaching amicable settlement or referring the matter to the Board of Arbitration in relation to pay and allowances, weekly hours of work and leave, wherever no amicable settlement could be reached in relation to these items.”
(a) The new pension scheme is going to make social security in old age uncertain and dependent on market forces.
(b) The scheme has been compulsorily imposed on a section of employees and hence it is discriminatory.
(c) Such scheme had been a failure in many countries including Chile, UK and even USA. In USA entire pension wealth has been wiped out leaving pensioners with no pension. In Argentina the contributory scheme which was introduced at the instance of IMF was replaced with the defined benefit pension scheme.
(d) The PFRDA Bill has provisions empowering the Govt. and the Authority to cover employees now left out and to amend the existing entitlements of pension benefits.
(e) In majority of the countries, “pay as you go” is the system of pension.
(f) The contributory scheme does not give any guarantee for a minimum pension of 50% of the pay drawn at the time of retirement of the employee. Nor does it provide for the protection of his family members in the form of family pension in the event of death.
Related to Your Search:
- Minimum Monthly Pension and wage ceiling hiked by EPFO
- Central Government Employees demand of date of effect from Jan 2014 is fully justified.
- Casual labourers with temporary status — clarification regarding contribution of GPF and Pension under the Old Pension Scheme
- Demands of the Central Government Employees
- After 7th Pay Commission salary hikes, move on to raise minimum wage ceiling under EPF
- 7th Pay Commission – Employees Provident Fund may be raised to Rs 25,000
- Launching of Minimum Pension Scheme (Rs.1000) across 120 locations in India
- Charter of Demands and Explanatory Notes – All India Strike on 2.9.2015
- Confederation of Central Government employees – One Day Nation Wide Strike 26th November 2020
Leave a Reply