Statement by Confederation of Central Government Employees & Workers, Central Headquarters, New Delhi
The Union Cabinet yesterday (24.08.2024) approved a Unified Pension Scheme (UPS) for the Central Government Employees.
The 20 year of sustained struggle by Confederation has yielded some result.
For the first time in 20 years since inception of NPS, the Government at Centre has announced a significant improvement in Pension scheme for its employees who have joined service on or after 01.01. 2004. So far it was reluctant to speak about the Pension.
But because of the sustained struggle by the Confederation along with other organisations, Govt came down and was compelled to grant assured Pension , family Pension and minimum Pension to its employees.
The Confederation still has reservation on some of
the features viz.,
1.Withdrawal from Pension corpus, lum sum payment at the time of retirement
2. Contribution of the employee
3 .12 month's average basic pay to calculate the Pension instead of last pay drawn
4.Minimum Service of 25 years and other features....
Further, it is to bring to the notice of the members that the PFRDA act did not had provisions of any benefit to NPS subscribers, except lum sum payment and Pension based on annuity plan . But our struggle forced the Government to concede the following benefits
a. Enhance its contribution to 14% in NPS and now 18.5_
b. Allowed Gratuity
c. Allowed Family Pension as has been in OPS (while death in service)
d. Withdrawals in contribution etc.,
These above are the benefits achieved during our struggles for restoration of the OPS.
Therefore, the day is not far from achieving our declared goal. The struggle will continue till then.
The Confederation will appropriately take its decision on all provisions after going through the Notification once it is issued.
S B Yadav
SG Confederation
25 .8.24
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