-Galla S Kiran Kumar,Bureau Chief Telagana (Andhra Pradesh)
Jagan, who promised to cancel the CPS (contributory pension scheme) within a week of coming to power, lied to the employees.
Jagane, who promised not to restore the old pension, said that if the Chief Minister broke his promise
, he would have to resign, now he has broken his word
.
Jagan says that I will abolish CPS within a week of coming to power. I promise to every government employee. Every party releases a manifesto while going to the polls. The political party should uphold every word of it. If that is not possible, the leader should resign and go home.
We do not know the technical subject of this, except that we have given an assurance on the issue of the condition of the CPS employees after retirement. Now coming here, the total budget is not sufficient. We were confused about what to do again. We are discussing two or three proposals on how to provide security to employees instead of CPS.
గతంలో ఉద్యోగ సంఘాలతో సజ్జల రామకృష్ణారెడ్డి
It is a matter of minutes to sign the cancellation of CPS. Reviving the old pension system will be an unbearable burden on the future generations as well. By 2070, payments under OPS will increase to Rs.3,73,000 crore. At some stage, the OPS will be canceled again as the burden cannot be borne. That is why OPS cannot be implemented. We are replacing CPS with GPS.
Today, Amaravati: Jagan, who promised to cancel the CPS (Contributory Pension Scheme) within a week of coming to power, lied to the employees. The employees who expected the old pension scheme to be revived were cheated. It has been decided that OPS cannot be renewed. A decision on this was taken in the meeting of the State Council of Ministers at the Welagapudi Secretariat on Wednesday. A decision was taken to pass a bill for the implementation of guaranteed pension scheme in place of CPS. As a result, the old pension scheme, which the employees have been waiting for for years, is not available to them. It has concluded that it is not possible to bring the old pension system while declaring that there is no guarantee of pension in the CPS system and there will be a guarantee of pension in the GPS system which is being introduced recently. This means that the old pension system will not provide all the benefits to the retiring employees. It seems that it is clearly decided that it will not be received. Jagan says that CPS will be canceled before the elections and the old pension system will be restored. After that, alas, we did not know the technical details and said that. In the end, Chau Kaburu coldly said that a meeting of the Council of Ministers could not be held and the old pension system could not be brought back. Jagan, who said that the politician should resign and leave if he does not keep his word, what will he do now? Chau Kaburu said coldly that it is not possible. Jagan, who said that the politician should resign and leave if he does not keep his word, what will he do now? Chau Kaburu said coldly that it is not possible. Jagan, who said that the politician should resign and leave if he does not keep his word, what will he do now?
Union leaders fighting the CPS abolition clearly say that there are many differences between the old pension scheme and this new GPS. They are expressing their deep dissatisfaction as they are not able to give all the benefits under the OPS, except for smearing the name of GPS, there is nothing good for the employees. The representatives of the communities fighting for the abolition of CPS have made it clear that they are strongly opposed to the government’s decision. After these GPS rules come to light, it will be known how much the employees are losing compared to the old pension system.
Old pension system cannot be brought
The Jagan government has again announced that the old pension scheme cannot be implemented in Andhra Pradesh. After the meeting of the State Council of Ministers on Wednesday, Information and Civil Relations Minister Chelloboina Venugopalakrishna explained the decisions of the meeting to reporters. Apart from that, the government has officially revealed the details of the discussion on CPS, OPS and GPS in the cabinet meeting. It clearly states that the old pension system cannot be brought back. If you look at the details of the note, it will be understood that the guarantee pension scheme is an intermediate policy for CPS and OPS. The Jagan government has clearly decided that it is not possible to implement all the benefits provided to the employees under the old pension system.
CPS can’t be canceled and signed
“Through the guarantee pension scheme, we will give 50 percent pension of the employee’s last month’s basic salary. In the old pension scheme, DR is also applicable to GPS pensioners, similar to the DA announced by the central government once every six months. Unlike CPS, GPS system provides security to retired employees. It is a win-win for the employees and the government. A minute’s work to sign canceling CPS. But if the old pension system is implemented, it will affect the future generations. By 2041, the burden of pensions will reach Rs.65,234 crore in the budget. By 2070 it will reach Rs.3,73,000 crore. At some stage the old pension system will have to be canceled again. There is complete uncertainty regarding pension in CPS system. Pension is not guaranteed. After retirement, only 20.3 percent of his basic pay will come as pension. It also depends on the interest rates. Now we will give full guarantee for pension in GPS which is going to be implemented by the government. 50 percent of the last salary before retirement will be given as pension. “We will give DR once in every six months,” the government announced.
Old Pension System, CPS, GPS… What’s the difference?
Old pension scheme…
* In the old pension system, the employee does not have to pay any amount every month for the pension.
* 50% of the basic pay drawn in the last month after the employee retires will be given as pension. The existing drought allowance will be added to that amount.
* It depends on the service of the employee and the amount of commutation taken by him.
* After that, once in every six months, the amount of drought allowance announced by the center based on inflation will be given in the form of DR (Dearness Relief).
* There will be changes in the pension amounts as per the fitment as determined on the basis of the recommendations of the Pay Revision Commission appointed by the State Government. Due to which the amount of pension increases from time to time.
* In case of death of a retired employee, half of the pension is paid to his wife.
* Health insurance scheme is also available for currently retired employees. The state government will reimburse the medical expenses of the family members of the retired employees as per the rules. This is also considered as a vital social security by the employees.
What is the GPS system?
Currently, the government has announced the latest guaranteed pension scheme. For this, a bill has to be put and approved in the legislature. It is still not clear what the contents of the bill will be. According to the Minister’s press conference after the meeting of the State Council of Ministers, the details are as follows…
50 percent of the basic salary drawn in the last month of the retired employee is paid as pension. DR is given once every six months. If an employee retires at the age of 62 and his salary on that day is Rs.50,000, then half of it will come as a pension of Rs.50,000. By paying DR every six months, the pension will reach Rs.1,10,000 when the employee reaches the age of 82.
The details have been revealed as announced by the minister. Full procedures should come out. Union leaders say that they are losing out in many ways compared to the old pension system. Expressing concern.
* In the old pension system, no amount was deducted from the employee’s salary for pension. It should be clear whether the 10 percent deduction from the employee’s basic salary will continue under this policy. The trade unions claim that it will continue.
* In the old pension scheme, DR is given on the amount announced by the central government based on inflation. The leaders of the unions say that there are doubts whether DR will be given in this way or only a certain percentage of DR will be given every six months.
* In the old pension system, the pension will increase due to the effect of fitment and recommendations of the Pay Revision Commission from time to time. The union leaders say that they have information that no changes are being made in this GPS in accordance with the PRC. It is said that it causes a lot of damage.
* If the system of taking 10 percent of the total share from the employee every month continues, it is not clear whether 60 percent of the fund formed with that amount will be returned to them or not. It is said that if 60 percent of the fund is not reimbursed to the employees, there will not be a big difference between CPS and GPS. There are many doubts about this.
* Post-retirement medical expenses will be reimbursed to the employees under OPS. There is no such possibility in the latest system.
* The government itself has announced that under the guarantee pension scheme, the employees will not get all the benefits provided under the old pension scheme. Based on the calculations, this is clear. The unions are declaring that this GPS, which does not give them OPS benefits, is not at all acceptable.
What is the policy of CPS? Why are you opposed?
* Contributory pension system came into force from 2004. According to this, the employee has to contribute 10 percent of his basic salary to the pension fund every month.
* The state government also contributes 10 percent to this fund every month under its share.
* Recently the Center has changed this amount to 14 percent, but there has been no change to that extent in Andhra Pradesh.
* The amount deposited in this pension fund will remain in the fund until the employee retires.
* At the time of retirement, the employee can withdraw 60 percent of the deposited amount from the fund.
* Remaining 40 percent will be invested in total annuity pension scheme. A certain amount is paid as pension every month depending on the pension scheme chosen by the employee at that time.
* According to the current calculation, it is estimated that only 20.3 percent of the basic salary of the employee in the last month will come as pension. This is also likely to decrease depending on the market conditions. This pension is not guaranteed.
The amount of pension will not be as large as under the old pension system. There is no guarantee of pension amount under this scheme. Moreover there is no DR from time to time. The benefits of PRC are not available. In this scheme, the government and exchequer have nothing to do with the pension. After retirement, the employee has no relationship with the government. The benefits under the health scheme under the old pension scheme are not applicable under the CPS scheme.
