New employees behind the lapse of grant of 60% arrears.....



Employees who mustered into Central Government establishments after 1.1.2004 has ten percent of their salary (Basic Pay + Dearness Allowance + Dearness Pay) deducted as result of their induction into the New Pension Scheme.

Bearing no knowledge of this New Pension Scheme and having five years rolled by, beginning of this year the government has brought into issue an application form. Requesting PRAN (Permanent Retirement Account Number) number in this application, it has questioned to what scheme (Scheme ‘A’, ‘B’, and ‘C’) and percentage should their savings be invested.

With no whereabouts of any knowledge of this question in their mind they have given filled up application on their part. Some instead of returning the application filled up, they have kept it themselves. Moreover the Government by itself has not taken any steps regarding this.

By the instance, the Government has given equal amount to the deducted amount as by the New Pension Scheme. The doubled amount along with the interest has been given as statements to them. Last year 40% arrears have also been disbursed.

Everyone has been taken aback by shock by the Government decision in the scenario of expectation of the remaining of 60% arrears.

Having not singed the New Pension Scheme registration form the Government has announced that their (Employees appointed on or after 1.1.2004) 60% arrears would not be granted.

FILLED WITH DREAMS AND FASCINATIONS THIS ORDER HAS STRUCK DOWN UPON AS THUNDER THEM..!

WHO HOLD THE RESPONSIBILITY FOR THIS…!

Have a look page No.3 of PRAN application

Source: CG Staff News

Comments

RAJENDRAN from AVADI said…
this is what the doubt i have raised in my earlier comment.
September 4, 2009 at 9:45 AM
Anonymous said…
New pension scheme was introduced by vajpayee govt. in the name of reducing govt. substantial expr. on salary and pension. As pension is a valuable right earned by a govt.employee in reward to the services he/she renders as duty.
as such the right cannot be completely taken the govt. then decided to make it contributory.
However, even after lapse of 5 yrs time period the govt. and employees both are in dark. The govt. as equal and matching contribution is only putting fictional amount with no knowledge of its investment etc. on the part of employees. The present govt. should refund all the money to GPF account of employees and revert back to old scheme.
September 6, 2009 at 9:18 PM
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