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Showing posts with label Pension. Show all posts

Ministry of Labour & Employment
Minimum Pension

17 DEC 2018

As regards Employees Pension Scheme (EPS), 1995, a minimum pension of Rs. 1,000/- per month has been prescribed with effect from 01.09.2014 for the pensioners under Employees Pension Scheme (EPS), 1995.

In the case of Atal Pension Yojana (APY), depending upon the pension plan selected, each subscriber under APY shall receive a guaranteed minimum pension of Rs. 1000 per month or Rs. 2000 per month or Rs. 3000 per month or Rs. 4000 per month or Rs. 5000 per month, after the age of 60 years until his/her death. If the actual returns during the accumulation phase are higher than the assumed returns for minimum guaranteed pension, such excess will be passed on to the subscriber. As such, the minimum pension depending upon the pension plan selected by the subscriber is fixed under the APY. Under National Pension System (NPS), there is no ceiling fixed for minimum pension.
Further, a High-Empowered Monitoring Committee has been constituted for complete evaluation and review of the EPS, 1995.

There is no provision for Dearness Allowance in EPS, 1995, as it is a self-funded scheme with fixed contributions. Further, Dearness Allowance is not applicable under NPS and APY as the pension under both depends upon the accumulated corpus at the time of exit which is market linked.
This information was given by Shri Santosh Kumar Gangwar Union Minister of State (I/C) for Labour and Employment in written reply to a question in Lok Sabha today.

Source : PIB

Implementation of Judgement to grant increment for pensionary benefit to employees retiring on 30th June: Ministry of Personnel, PG & Pension Statement

GOVERNMENT OF INDIA
MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS
LOK SABHA

UNSTARRED QUESTION NO: 427
ANSWERED ON: 12.12.2018

Judgement on Writ Petition

ASADUDDIN OWAISI
Will the Minister of PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS be pleased to state:-

(a) whether the Hon. Madras High Court ruled that employees retiring on 30 June are entitled for increment on 1st July of that year for pensionary benefit as they retire after completion of that year’s full service; 

(b) if so, the details thereof; 

(c) whether Hon. Supreme Court has dismissed the petition filed against the Madras High Court’s above judgement; 

(d) if so, whether the Government has issued orders regarding granting annual increment to those employees who are retiring on 30th June after completion of one year of service; 

(e) if so, the details thereof and if not, the reasons therefor; and 

(f) the time by which such orders are likely to be issued in this regard?


ANSWER
MINISTER OF STATE IN THE MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS AND MINISTER OF STATE IN THE PRIME MINISTER’S OFFICE
(DR. JITENDRA SINGH)

(a) & (b): No, Madam. High Court of Madras in Writ Petition No. 15732/2017 has granted relief personal to the petitioner. 

(c): Yes, Madam.

(d) to (f): As the judgment is in personam and contrary to the personnel policy of Government of India, the question of issuing a general order does not arise.
******


Source: Lok Sabha

CHARTER OF DEMANDS.
As finalized at the Chennai NE meeting
On 05.08.2018

1. Implement Option No. 1 as a pension fitment formula as recommended by the 7th CPC and Grant MACP benefit w.e.f 1.01.206 as per the Supreme Court judgment.

2. Revise the Pension of BSNL absorbed retirees immediately with 15% fitment, recommended by the 3rd PRC and approved by the government from 01-01-2017, delinking the wage revision in BSNL.

3. Revise pension of Central Autonomous Body pensioners.

4. (a) Provide notional fixation of pension under Option No. 3 on the basis of the pay scale/pay level of the cadre or grade from which the pensioner retired. (b) Provide fixation of pension in the case of all pre 2006 pensioners on the basis of the grade pay/pay level or pay scale of the post or cadre from which one has retired as per the judgments of Courts.

5. Extend the benefit of CS(MA) Rules to all pensioners who are not covered by CGHS.

6. Increase the FMA to Rs. 2000 as has been granted to PF Pensioners and introduce the health insurance scheme as suggested by the 7thCPC.

7. Raise the minimum pension to 60% of the Minimum wage. i.e. Rs. 10,800 p.m.

8. Restore the commutation portion of pension after 10 years.

9. Provide increased rates of pension on attainment of 70 years onwards.

10. Scrap the New Contributory pension scheme and restore the defined benefit pension to all CGEs irrespective of their date of entry into the Government service.

Nationwide protest by Government employees against New Pension Scheme on 26th November, 2018

IMMEDIATE

No.A.42012/93/2018-Ad. II
Government of India / Bharat Sarkar
Ministry of Home Affairs / Grih Mantralaya
****

North Block, New Delhi,
Dated the 01 Nov, 2018
CIRCULAR
Subject – Proposed nationwide protest by Government employees against New Pension Scheme on 26th November, 2018.

The undersigned is directed to enclose herewith a copy of DoPT’s O.M. No.33011/2(s)/2018-Estt. (B.II) dt 26.10.2018 on the subject mentioned above. Attention is also drawn to the instructions issued by the D/o Personnel & Training vide OM No.33012/1(s)(2008-Estt(B)(pt) dt. 12.09.2008(copy enclosed).

2. The instructions issued by the Department of Personnel & Trainng prohibit Government servants from participating in any form of strike including mass casual leave, go-slow, sit down etc. or any action that abet any form of strike which is in violation of the provisions of the CCS (Conduct) Rules. 1964. There is no statutory provision empowering the employees to go on strike. The Supreme Court has also upheld in several judgments that going on strike is a grave misconduct under the Conduct Rules and that misconduct by me government employees is required to be dealt with in accordance with law. Any employee going on strike in any form would face the consequences which, besides deduction of wages may also include appropriate disciplinary action.

3. All the officers are requested that employees under their control be advised to scrupulously follow the provisions of the CCS (Conduct) Rules, 1964 and the findings of Apex Court on the subject. No Casual leave or other kind of leave to employees is to be sanctioned, if applied for, during the period of the proposed dharna/strike.

(P.S. Dangwal)
Under Secretary to the Govt. of India

Source: Confederation

IS PENSION UNDER CCS (PENSION) RULES 1972 TO THE NPS
SUBSCRIBERS POSSIBLE?

“YES”

An analysis

About the feasibility

http://sapost.blogspot.in/

BY
K.SHANMUGASUNDARARAJ
POSTAL PENSIONER
&SECRETARY
ALL INDIA POSTAL AND RMS PENSIONERS’ ASSOCIATION
ORGANISING SECRETARY, CHQ,
CONVENOR, CENTRAL, STATE, LOCAL BODIES AND PUBLIC SECTOR PENSIONERS’ FEDERATION, TIRUNELVELI
TAMILNADU
627002
Dear Comrade,
I am a postal pensioner. I have put in 33 years of service as Lab Technician, Postal Dispensary, Tirunelveli 627001, in Tirunelveli postal division of Tamilnadu circle. Presently I am the secretary of the All India Postal And RMS pensioners Association, Tirunelveli and organizing secretary, CHQ. Also, I am the Convenor, Central, State, Local bodies and Public sector pensioners’ Federation, Tirunelveli.

Everybody fights against this NPS within their ability. The Trade Unions, Pensioner’s associations took it seriously and continue their battle against the government. In this Herculean task, I wish to share the following for your consideration and to take the case at appropriate forum.

The 7th Central Pay Commission has not made any specific recommendations with regard to NPS, but let it to be decided by the government. The government, in turn formulated a committee to consider this issue. Under these circumstances, I took this opportunity to submit my ideas.

I took this opportunity of submitting this article about the feasibility of extending the CCS (Pension) Rules 1972 to the government servants who are covered under New Pension Scheme, with effect from 1.1.2004. You may be more informative about the aspects and dangers of the introduction of the NPS .

The details of the NPS and its impact on the future pensioners have already been discussed and written elsewhere and almost nothing left. In this article I want to submit the negative aspects of the NPS and I try to make an alternative study about the investment of the contributions. The government shows its intentions to provide a social security in the form of a monthly pension to all the Indian Citizens, by introducing the Atal Pension Yojana scheme. At the same time it turns a blind eye to the claim of the NPS subscribers, especially the government servants joined service on or after 1.1.2004 for the benefits under CCS (Pension) Rules 1972. It is noteworthy that the reasons for the social security of the citizens in the words of the government are squarely applicable to these government servants also.

The government introduced this NPS, citing pension, especially the pension under CCS (Pension) Rules 1972 as a financial burden to the government and also stating it widens the fiscal deficit. On the contrary it introduces pension schemes to the citizens of India and conducts intensive mobilization towards it. The scheme, Atal Pension Yojana, introduced by our Honorable Prime Minister is a fitting example. From this it is clear that the government is committed to provide a social security to the population, especially to the unorganized sector, by way of a assured monthly pension. At the same time it is not ready to consider the request of its employees for a defined pension under the old pension scheme.

The government has the duty and responsibility to assure its pensioners a decent and dignified retired life. The government cannot escape its responsibility by stating it is a financial burden or fiscal deficit. The Supreme Court in its landmark judgment in D.S.Nakara & others vs. union of India, 1982 categorically stated that pension is a right. The government wants to discharge its duty and responsibility for pension just by introducing this NPS, offering a contribution on its behalf and left all other things to be decided by the market. I wish to stress that the government is prepared to pay 10% contribution to this NPS as matching.

This article is about the study of this 10% government contribution into well- established schemes and to see its growth. From this study I came to the conclusion that the growth of this government contribution alone is more than enough to extend the benefits under CCS (Pension) Rules 1972. In fact, the extension of old pension rules is cheaper than this contribution.

Let us start my study with the following question.

“For the government, 10% contribution to NPS is possible.

Is it possible to extend the CCS (Pension) Rules 1972 instead of NPS ?

The answer is “possible”.

I request you to kindly go through this, and continue your endeavor to bring back all the government servants covered under NPS to the CCS (Pension) Rules, 1972.

/K.SHANMUGASUNDARARAJ/
Sl noDetailsPage
1The need for a statutory pension6-8
2The old pension under CCS(Pension) Rules 19729-10
3The New Pension Scheme11
4Drawbacks of the NPS12-16
5The expectations of the NPS subscribers17-19
6Possibilities for defined pension under NPS20-21
7The alternates and a comparative study of investments
The assumptions22-23
AAccumulations kept idle upto retirement and then invested24-25
BNPS vs. Pension contributions for foreign service26-27
CAtal Pension Yojana-a comparison28-31
DInvestment in GPF and PPF32-34
8Conclusions35-36
9Annexures37
A1Details of government’s contribution
A2Table of pension contribution for foreign service
A3Table of contributions under APY
A4Table showing the benefits under GPF and a comparative study with APY
A5Affidavit of then Prime Minister
A6Exposure draft of PFRDA dated 17.8.2016
A6Brochure of Atal Pension Yojana

Thanks to 
Shri.  K.SHANMUGASUNDARARAJ, POSTAL PENSIONER & SECRETARY
ALL INDIA POSTAL AND RMS PENSIONERS’ ASSOCIATION
ORGANISING SECRETARY, CHQ,
CONVENOR, CENTRAL, STATE, LOCAL BODIES AND PUBLIC SECTOR PENSIONERS’ FEDERATION, TIRUNELVELI , TAMILNADU - 627002

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