Wednesday 7 August 2013
CONFEDERATION OF CENTRAL GOVT. EMPLOYEES &
WORKERS
1st Floor, North Avenue PO Building, New Delhi
– 110001
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WITHDRAW
CONTRIBUTORY PENSION SCHEME
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SCRAP PFRDA
BILL
PFRDA BILL
LISTED IN THE AGENDA OF THE CURRENT SESSION OF THE PARLIAMENT
CONFEDERATION CALLS UPON THE CENTRAL GOVERNMENT
EMPLOYEES TO ORGANIZE TWO HOURS WALK-OUT PROGRAMME ON THE DAY WHEN THE BILL IS
TAKEN UP FOR DISCUSSION
IN PARLIAMENT
As you are aware, Central
Government is going ahead with their agenda on pension privatization. The
controversial PFRDA Bill (Pension Fund Regulatory and Development Authority
Bill) is listed as an agenda item for the current Parliament session. The bill
may be taken up for discussion in Parliament on any day. Confederation of
Central Government Employees & Workers has opposed the Contributory Pension
Scheme and also the PFRDA Bill from the very beginning.
We have conducted so many
agitational programmes including strike. The left parties in the parliament
have also strongly opposed the Bill. Inspite of the opposition from employees
(both Central Government and State Government Employees & Teachers) and
also from left political parties, the Central Government is not ready to
withdraw the contributory Pension scheme or to scrap the PFRDA Bill.
The National Secretariat of the
Confederation has viewed the move of the Government with grave concern and
decided to call upon the entirety of the Central Government Employees &
Workers to organize mass protest demonstration in front of all offices throughout
the country after walking out from
offices for two hours, on the day when the bill is taken up for discussion
in Parliament or on the next day if information is received late.
All India office bearers, State
level COCs and other COCs are requested to make the two hours walk out
programme a grand success.
(M. Krishnan)
Secretary General
Confederation
Press Information Bureau
Government of India
Ministry of Labour & Employment
07-August-2013
GoM on Workers' Demands
Government has set up a Group of four Ministers led by Shri A.K. Antony to discuss the workers' demands with the United front of trade unions.
Two meetings of the Group of Ministers (GoM) were held on 18.02.2013 and 22.05.2013 in which the ten point Charter of
Demand of the trade unions were discussed. The discussions remained
inconclusive and it was decided that the issues/demands will be
considered by the Group of Ministers themselves before further
discussions with the Central Trade Unions representatives. As such, no
final recommendation has been given by the GoM.
This
information was given by Minister of State for Labour & Employment
Shri Kodikunnil Suresh in the Lok Sabha today in reply to a written
question.
PIB
Soon, post offices to be like banks
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Under new project, select head post offices will have ATMs, offer internet and mobile banking
Postal customers may soon be able to access their savings bank account in any post office in the city.
The department of posts is putting in place core banking solutions (CBS)
at four of its head post offices in Chennai, and the process is
expected to be completed by September. This means these post offices
will become like banks and offer a range of services.
The head post offices on Anna Road and in T. Nagar, Mylapore and
Tambaram will soon be networked via CBS, which is one of the postal
department’s flagship projects.'
At present, customers who have postal savings accounts have to go to the
post office where their account is, to carry out any transaction. They
also have to wait in long queues to withdraw cash or to get their
monthly pensions.
But once CBS is implemented, customers can go to any post office covered
under the system and carry out transactions. The project also envisages
installing ATMs at these four post offices by October, so that their
2.5 lakh account-holders will be able to access their accounts at the
swipe of a card.Customers who have invested in savings
certificates too, can encash them using CBS.
Officials of the postal department said they had tied up with Infosys to
eventually implement CBS in 110 post offices across the city and its
suburbs. Currently, software testing for the project is in progress.
Welcoming the move, 70-year-old D. Sriraman, a resident of Villivakkam,
said this would benefit several people who now spend at least half an
hour just to withdraw cash.
The CBS project will be rolled out in all post offices over the next two
years in a phased manner. Services offered will include internet
banking, mobile banking and mobile transfer of money. The department
also is mulling over a proposal to integrate other postal services with
CBS.
Postmaster general, Chennai city region, Mervin Alexander said there are
nearly 3.3 crore savings account-holders in the region. All postal
employees are now being given extensive training in CBS, he added.
Keywords: post offices, savings bank accounts at post offices
POSTAL/SORTING ASSISTANT EXAMINATION (PA/SA) RESULTS 2013 UPDATE
Postal Department today published the list of candidates short
listed from Delhi, Uttar Pradesh, Jammu & Kashmir, Punjab, Uttrakhand
Postal Circles for Paper-II based on their performance in Paper-I. Update
available in India Post website is as follows:
I. The List of shortlisted candidates for the
Computer Typing / Data Entry (PAPER-II) for Delhi, Uttar Pradesh, Jammu &
Kashmir, Punjab, Uttrakhand Postal Circles is added in the given link below.
II. PAPER-II
for Assam, Chhattisgarh, Jharkhand, Madhya Pradesh, North East, Odisha and West
Bengal Postal Circles is scheduled on 24th and 25th August 2013. The Admit
cards for the same have been dispatched. If not received by 13 August, 2013
then it can be downloaded from this website from August 14, 2013. Click Here to check the results
EPFO DISAGREES WITH FINANCE MINISTRY’S PROPOSAL TO SHIFT EPFO
SUBSCRIBERS TO NPS
The Employees’ Provident
Fund Organisation (EPFO) says it disagrees with finance ministry’s proposal to
encourage its subscribers to shift to New Pension System saying it does not
provide better returns than its Employees Pension Scheme-1995.
The retirement fund body has said
this in response to a letter written by Financial Services Secretary to Labour
Secretary.
“If we take return of EPS as
indicative return on the fund managed under EPS then the annualised return for
the period May 2009 to May 2013 will be 10.47 per cent, which on the face of
it, is higher than the return declared by NPS in its scheme for central
government”, EPFO said.
Finance Ministry has written to the
Labour Ministry saying: “The subscribers (of EPS) may be given an option to
either remain with EPS or join NPS with the same contribution.”
The ministry argued that NPS, which
is a self sustaining pension system, could be a good substitute for EPS and
would be beneficial for subscribers as they would get decent returns and
adequate pension wealth.
Moreover, the Finance Ministry said,
“The government would be free from any open ended and financially unsustainable
liability of EPS.”
Disagreeing with the contention of
the Finance Ministry, EPFO said that EPS scheme provides social security for
lower income group people in their old age. In addition, it also provides
pension to widow, children and dependents in case of death of the subscriber.
Under the EPS scheme, many interim
benefits are provided.
Subscribers can withdraw their
contribution towards pension while withdrawing his or her EPF money. There is a
lock in period of 15 years in NPS.
Moreover EPS subscribers get bonus
of two years on completion of 20 years of service and there is provision of
commutation or part withdrawal also. That is not available in NPS.
EPS’s corpus size stood at Rs 1.83
lakh crore as on March 31, 2013. Under the NPS, total corpus was at Rs 29,852
crore as on March 31, 2013 with a subscribers’ base of 47,70,507 members.
EPFO has a subscriber base of over 5
crore and manages PF corpus of Rs 3.7 lakh crore excluding the pension fund of
Rs 1.83 lakh crore. Source : The Hindu
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