ITANAGAR, Feb 28: Leading the ‘Restore Old Pension’ campaign, the National Movement for Old Pension Scheme (NMOPS)’s Delhi unit president Manjeet Singh Patel and NMOPS North East coordinator Dilip Singh on Saturday visited Itanagar to raise the voice against NPS system and its ‘flaws’. NMOPS, formed to oppose the NPS system, is a federation of central and state government employees and their associations.
In an awareness program conducted in a city hotel here attended by various state and central government employees from different parts of Arunachal, Patel briefed the participants about NPS scheme and its long run demerits. He added that since January 2004, the central government has imposed a New Pension System i.e. NPS for government employees recruited after December 31, 2003 to replace the Old Pension Scheme. The new pension scheme does not provide the guarantee of minimum pension on the last basic salary drawn by the employees, said Patel.
Among other issues, the NPS (National Pension Scheme) does not have the provision for inclusion of revised dearness allowance in the pension, whereas the old scheme allowed employees to get benefits of revision of DA announced twice a year, said Patel.
He also claimed that few state government employees, who have recently retired under NPS after 10-12 years service in UP government, got only Rs 750-900 as pension which is just a joke with government employees.
The NPS is the share market-linked pension system for the central and state government employees, which is highly risky in nature. The NMOPS, formed to oppose the NPS system, is working actively in more than 16 states and union territories.