20,000 government employees protest against national pension scheme

RANCHI: In an extraordinary display of power, around 20,000 central and state executive staff operating in quite a lot of departments collected at St Paul’s ground on Sunday to sign up their protest towards the National Pension Scheme (NPS).

Representatives of central and state executive staff’ unions and associations that have unanimously decided to enhance the National Movement for Old Pension System (NMOPS) across the country took section within the protest. Among the protesters are participants of secretariat carrier association, policemen’s association, teachers’ association and paramedical association along side staff’ association of Damodar Valley Association (DVC) and railways.

“NMOPS has been running the campaign for the remaining three years to repeal new pension scheme introduced through the Centre. However, it is for the primary time when state and central executive staff have come in combination in massive numbers to up the ante for our motive,” mentioned Vikrant Kumar Singh, Jharkhand state president of NMOPS.

The day-long protest also saw national place of work bearers of NMOPS addressing the protesting staff and informed them in regards to the professionals and cons of the brand new system.

Talking to TOI, Vijay Kumar Bandhu, national president of NMOPS, mentioned, “There isn't any provision for our sustenance. Several lately retired executive staff aren’t in a position to even pay their per month electricity bills with the pension they are getting beneath the brand new scheme. Isn’t this a humiliation through the federal government for anyone who has trustworthy part of his or her lifestyles to it?”

The NPS which used to be applied on January 1, 2004 is a defined contribution scheme necessary for all new recruits to the central executive (except for armed forces) joining on or after January 1, 2004. All state governments, except for West Bengal, have also made this necessary in their respective states. The new system is a contribution-based pension system during which staff are required to pay 10% in their per month wages which is matched through executive and is being invested in fairness shares, leaving the pension to be market dependent and the pensioners dependent on returns at the amassed investment. In the old system, all the pension quantity used to be borne through executive and paid 50% of the remaining drawn wage through the worker as their pensions.

“The new system is in direct violation of Article 41 of the Constitution which directs the federal government to look after the social security of its citizens. However, 60 lakh staff are left high and dry as their pension is on the mercy of stock market,” mentioned NMOPS common secretary G Sthita Prajna, who works as an assistant inspector common within the Telangana registration division.

20,000 government employees protest against national pension scheme 20,000 government employees protest against national pension scheme Reviewed by kailash soni on January 14, 2019 Rating: 5
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