A committee was constituted by the Central Government under the chairmanship of the Finance Secretary to make changes in the National Pension Scheme ie NPS. On June 9, a meeting was held with the office bearers of the National Council of Staff Site CM.

old pension scheme should be restored

In the meeting, the committee was clearly told by the representative of the central government employees organization that apart from the old pension, the employees organization will not approve anything else. The only way to solve this problem is to abolish the unguaranteed NPS scheme and restore the old pension scheme.

Constitution of committee for amendment in NPS

In this case, the chairman of the committee assured that attention will be given to all the points of the memorandum given by the staff side. Along with this, whatever issues have been raised during the discussion, they will also be looked into. For the time being, a report is required. Therein an attempt will be made to address the concerns expressed by the staff side. Explain that the committee was formed by the government to amend the NPS.

Labor union demands

Here, in the meeting, the representative of the employees’ organization has given various arguments in support of its demands of the committee. The committee says that NPS should be abolished at all costs and the Guarantee Sudha Purani Pension Yojana should be restored.

Tell that after 2004 there has been a demand to withdraw the National Pension System applicable to Indian employees. The employees union demands that all the employees recruited after January 1, 2004 should be brought under the purview of the old pension scheme under the CCS Pension Rules, 1972. Reforms in NPS are not beneficial to the employees in any way and were never demanded by the employees.

The employees organization says that there is no stability in the National Pension Scheme and the employees, satisfied with the scheme, formed a committee of 4 members under the chairmanship of the regular secretary.

The NPS present in the committee is being reviewed. The responsibility has been given to find out whether there is a need to change its structure and functioning. Apart from the committee, the secretary of JCM attended the meeting. Apart from this, many other officials also attended the meeting.

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The state government has announced a 2.73 per cent hike in Dearness Allowance (DA), which will be implemented from July 1, 2021. After the amendment, the DA of the employees has increased from 17.29 percent to 20.02 percent.

The arrears of payment of dearness allowance for the period from July 1, 2021 to December 31, 2022 will be credited to the General Provident Fund (GPF) account of the employees. However, the arrears of dearness allowance will be paid to the employees retiring on May 31, 2023. He is exempted from making any contribution to General Provident Fund during the last four months of service.

Lakhs of employees will be benefited

Payment of revised dearness relief for pensioners will be payable in February, 2023 along with pension of January, 2023. According to the orders issued on Monday, the dearness relief arrears from July 1, 2021 to December 31, 2022 will be paid in eight equal monthly installments starting from February, 2023 and payable in March, 2023.

Finance Minister T Harish Rao said that the state government’s decision to increase DA will benefit 4.40 lakh government employees and 2.88 lakh pensioners. According to the employees, dearness allowance for July 2021 has been issued and dearness allowance for January 2022, July 2022 and January 2023 is outstanding.

The Tamil Nadu government also increased it, let us tell you that earlier the Tamil Nadu government had increased the dearness allowance by four per cent. After this, the DA received by them has increased from 34 percent to 38 percent. After this decision of Tamil Nadu government, there will be a huge increase in the salary of more than 16 lakh employees of the state. Till now the employees were given 34 per cent dearness allowance, which has now increased to 38 per cent. However, after this decision, there will be an increase in the expenditure of the government.

The post DA Increased: Good news for employee-pensioners, 2.73% hike in DA, arrears to be paid in 8 installments first appeared on Rightsofemployees.com.

Two months are left for the announcement of assembly elections in the state. The BJP government wants to keep every section happy for the mission repeat. On Saturday, the last day of the assembly session, the Chief Minister also held discussions with Additional Finance Secretary Prabodh Saxena. Along with this, in the cabinet meeting also consulted regarding DA and arrears.

DA will get a benefit of Rs 250 crore

With the announcement of DA, employees and pensioners will get financial benefits of about Rs 250 crore. Every employee will get a monthly benefit of minimum one thousand to five thousand rupees. Employees have got 31 percent DA, which will reach 34 percent. The government had given 3% dearness allowance in February this year.

50 to 80 thousand rupees profit from arrears If 25 percent is given as the first installment of arrears, class IV employee will get 50 to 80 thousand rupees. There will be less payment of arrears to the above categories of personnel. Officers serving in higher posts will get a benefit of up to ten thousand rupees.

On January 3, the government had announced the implementation of the Sixth Pay Commission. In such a situation, the arrears from 2016 to December 2020 have to be paid. If the government announces to pay arrears in one installment, then the employees will get a benefit of three lakh to 16 lakh rupees. It is certain that the arrears will be paid in at least four instalments. 11 thousand crore to 13 thousand crore will be required to give arrears.

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