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Friday, November 25, 2011

March to Parilament on PFRDA

Thousands of Employees from different parts of country marched to Jantar Mantar in New Delhi on 25th November 2011 to protest against PFRDA bill. They demanded withdrawal of PFRDA bill in Parliament. The participants included State Government Employes, Teachers, Pensioners ,Railways(AIRF), Defence(AIDEF) and other Central Government Employees under the banner of Confederation of Central Government Employees which includes Postal, Income Tax, CSS, AG's Ground Water, Postal Accounts,etc lakhs of signatures collected from employees was presented to the Hon'ble Prime Minster.

Overall the performance of the participation of Employees Karnataka State was commendable, 300 Teachers from different parts of the state , 150 from SWRMU, 150 from Okkutta , 50 from Confederation(ITEF, AG'S, Postal Accounts, Ground Water, NFPE PIV) participated, The quota allocated by Confederation was achieved, Red salute to all comrades who participated in the March to Parliament on PFRDA

A seven member delegation consisting of Coms. S K Vyas, (Convenor, Steering Committee) Shiv Gopal Mishra, (General Secretary, AIRF), KKN Kutty, (Secy. General, Confederation of Central Government Employees & Workers) S.N. Pathak, (President, AIDEF) P. Abhimanyu (General Secretary, BSNLEU) Rajendran (General Secretary, STFI) and Sukomal Sen (Sr. Vice President, AISGEF) met the Hon'ble Prime Minister today along with Com Basudeb Acharya, MP and Com. Tapan Sen, MP and General Secretary of CITU. The delegation appealed to the Prime Minister to reconsider the government's policy of privatisation of pension funds and withdraw the PFRDA bill which seeks to replace the existing defined benefit Pension Scheme of government employees. The concern and anxiety of the government employees over the financial security in the evening of their life was also brought to the notice of the Prime Minister.

The petition to the Prime minister elaborated the various reasons as to why the present bill will be neither in the interest of the employees nor will benefit the Government Exchequer (Copy enclosed).

The Hon'ble Prime Minister assured the delegation of the consideration of the petition and the feasibility of providing a guarantee for a minimum pension which the Standing Committee had recommended but unfortunately not found approval of the Cabinet. The Prime Minister informed the delegation that his Government would not do anything to harm the interest of the employees.

The rally was concluded at 2.30 PM. On behalf of the Steering Committee, Com. Vyas announced that the employees will organize two hour walk out on the next day the Parliament takes up the PFRDA Bill for consideration

Tuesday, November 22, 2011

March to Parliament on PFRDA :

March to Parliament on PFRDA : Assemble at Jantar Mantar in New Delhi at 10 am. on Nov 25th 2011

Wednesday, November 16, 2011

PFRDA bill

NEW DELHI: The government today approved amendments to the PFRDA Bill 2011 while agreeing to the proposed 26 per cent foreign investment in thepension sector but refrained from providing assured returns to subscribers in the proposed law.

The government had decided not to mention FDI capin the legislation itself for retaining the flexibility of changing it through an executive order. The 26 per cent FDI cap is to be mentioned in the regulations to the legislation.

The changes to the PFRDA Bill were approved by the Union Cabinet at its meeting here.

The Bill, which has already been scrutinised by the Parliamentary Standing Committee on Finance, is likely to be taken up for consideration and passage in the Winter Session beginning November 22.

"The government is of the view that FDI cap in the pension should be at 26 per cent at par with the insurance sector. However, it would like to retain the flexibility of changing the cap of FDI as and when required and that is why it has not been kept as part of the bill", an official spokesperson said.

The proposed legislation, the official said, will not provide assured returns to the subscribers of pension schemes.

The Committee, which is headed by senior BJP leader and former Finance Minister Yashwant Sinha, wanted the government to specify the FDI cap in the legislation itself and provide minimum guaranteed return to subscribers.

Tuesday, November 15, 2011


No.1/20/2011 -P&PW(E)
Government of India
Ministry of Personnel, Public Grievances & Pension
Department of Pension & Pensioners Welfare
Lok Nayak Bhavan, Khan Market,
New Delhi, the 1st November, 2011.

Office Memorandum

Sub:- Revision of PPOs of pre—2006 family pensioners — regarding.

The undersigned is directed to refer to Secretary (Pension)'s d.o. letter No.42/68/2009-P&PW(G), dated the 25th May, 2011 and 8th June, 2011 concerning revision of Pension Payment Orders (PPOs) in respect of pre-2006 Pensioners consequent to implementation of 6th CPC recommendations.

2. It is heartening to learn from replied received the Ministries/ Departments that they are responsive to the needs of Pensioners/Family Pensioners. In the mean while, Central Pension Accounting Office (CPAO) has issued an advertisement, which has been published in the Newspapers on 3rd September, 2011, requesting pre-2006 pensioners/family pensioners to provide prescribed information to the Head of the Department/Office concerned for issue of revised PPOs. In another advertisement published on 15th and l6th September, CPAO has circulated its toll-free telephone number 1800-11-77-88 for registration of grievances. Therefore, all the Ministries/ Departments are requested to seize the opportunity and revise the pre-2006 PPOs at the earliest possible.

3. It has come to the notice of this Department that the family pensioners are a sufferer's lot as the Banks have not revised the family pension in most of the cases and it is being paid either at the pre-revised rates or at the minimum rate of Rs.3500/- per month. Therefore, all Ministries/Departments and PAOs are requested to take up the matter of revision of family pension as first priority.

(K.K. Mittal)
Director Ph:24624752

Friday, November 4, 2011


Central Trade Unions and other organizations like Bank , Insurance , BSNl State and Central Government Employees are joining on a single platform to demand.

1) No Contractulasation of permanent jobs
2) Minimum wages of Rs 10,000
3) Enhance Bonus ceiling amount from Rs 3500/-
4) Pension for all.

Program on 8/11/11 at 10 am at Mysore Bank Circle
join enmass

Tuesday, November 1, 2011

PRDA Signaute campaign



The Prime Minister of India,

New Delhi

Sub: Request for Scrapping of PFRDA Bill


We submit this petition to bring to your kind notice certain aspects of the re-introduced PFRDA Bill which will have an extremely adverse impact on the pension and retirement benefits of the Government employees. We may also state in this connection that the contributory pension scheme will be a drain on the exchequer.

The guiding principle adopted in determining the pay package of civil servants is to spread out the wage compensation over a long period of time because of which the wages during the work tenure is low to enable pension payment on retirement. This makes the pension a ”deferred wage”, which the Supreme Court has upheld as such in their landmark judgment in the case of D.S. Nakara Vs. Union of India. As the bill does not provide implicit or explicit assurance of a minimum pension except marked based guarantee, the civil servant even after contributing huge sums to pension fund may end up with no annuity if the invested company become bankrupt or the equity market crashes. Moreover the annuity which would be the pension under the new scheme being not cost indexed will make it difficult for the pensions to make the both ends meet.

The Committee set up by the 6th CPC has concluded that the new contributory pension scheme will increase the outflow from the exchequer from Rs. 14,284 Crores to Rs. 57088 Crores by 2038. The Committee has also observed that the pension liability of the Government which was 0.5% of the GDP in 2004-05 under the defined benefit scheme is likely to decline if the same is not replaced by the contributory pension scheme as envisaged in the PFRDA bill. The Committee has ultimately recommended that the existing “Pay as you go” pension which is presently in vogue will be ideal and may be continued.

Since the new scheme is neither in the interest of the country as it increases the outflow on account of pension liability nor to the Civil Servants for it does not guarantee a minimum pension, we appeal to you kindly cause withdrawal of the PFRDA Bill from the Parliament immediately.

Thanking you,

Yours faithfully,