The Bharatiya Mazdoor Sangh (BMS), the labour arm of the Rashtriya Swayamsevak Sangh (RSS), on Wednesday organised a protest at Jantar Mantar, demanding restoration of the Outdated Pension Scheme (OPS) and scrapping the current New Pension Scheme (NPS).
In response to a name given by the Authorities Workers Nationwide Confederation (GENC), which is an industrial unit of BMS, scores of staff from railways, defence, postal, central authorities institutions, and native our bodies participated on this agitation.
The protesters demanded the federal government to have the three basic components- the restoration of a assured pension amounting to a minimal of fifty per cent of the final primary pay; provision of dearness reduction for value neutralisation; and a dedication to revising pensions in step with subsequent Central Pay Commissions’ (CPC) suggestions.
The demonstration was presided over by Vipan Kumar Dogra, vp of GENC, Hiranmay Pandya, all-India president of BMS, Ravindra Himte, common secretary of BMS.
The transfer, initiated by an ordinance on December 22, 2003, gained authorized standing with the passage of the Pension Fund Regulatory and Growth Authority (PFRDA) Invoice in September 2013. Since its inception, Bharatiya Mazdoor Sangh and its affiliated federations and unions have opposed NPS, labelling it a non-guaranteed, market-based contributory pension scheme.
Earlier than January 1, 2004, the Outdated Pension Scheme supplied a non-contributory assure, making certain that fifty per cent of the final wage grew to become the pension upon retirement. Moreover, the scheme was intricately linked to the value index, ensuing within the receipt of dearness allowance twice a 12 months in January and July. Authorities staff, who really feel disadvantaged of their rightful pension underneath the guise of social safety, are actually interesting to the Authorities of India (GoI) to abolish the New Pension Scheme and reinstate the Outdated Pension Scheme.
