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Andhra employees plan massive march over demand to scrap CPS
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SME Times News Bureau | 15 May, 2022
Government employees in Andhra Pradesh plan to organise a massive
protest march to press their demand for scrapping the Contributory
Pension Scheme (CPS).
Leaders of Andhra Pradesh
Contributory Pension Scheme Employees Association (APCPSEA) on Sunday
said four lakh employees will participate in the march to be organised
in Vijayawada on September 1.
As part of its continuing protest over the issue, it on Sunday staged a sit-in at dharna chowk in Vijayawada.
The
leaders slammed the state government for going back on its promise to
scrap the CPS and protesters displayed banners criticising the
government.
APCPSEA leaders said they have decided to intensify
the protest, and will join hands with the APCPSUS to now jointly
organise the protest programmes.
They alleged that the YSR Congress Party (YSRCP) government betrayed them by going back on its promise to scrap the CPS.
The
employees' unions have also refused to accept the Guaranteed Pension
Scheme (GPS) being contemplated by the state government to replace the
CPS. Rejecting the reported offer, they are demanding the government
restore the old pension scheme.
During his padyatra before 2019
elections, Chief Minister Y.S. Jagan Mohan Reddy had promised to abolish
the CPS and to restore the old pension scheme after coming to power.
However, after coming to power, the government led by Jagan Mohan Reddy
found it not feasible.
During his state-wide walkathon, he met
numerous leaders, unions and associations who complained of severe
injustice to employees due to CPS and sought implementation of the old
pension scheme. Though Jagan Mohan Reddy made the promise, he could not
deliver on it due to financial crisis in the state.
As the YSRCP
has embarked on evolving a roadmap for victory in 2024 elections, it has
mooted the idea of Guaranteed Pension Scheme (GPS) in place of the CPS.
Under
the proposed scheme, the employee receives a guaranteed pension of 33
per cent of the last drawn basic pay and the GPS enables an employee to
assess the amount of pension in advance, so that he can plan his future
financially. Market conditions will have no influence on the pension
under the GPS, leaving no chance for reduction of pension in future.
According to the government, the GPS is nearly 70 per cent higher than
the present pension under the CPS received in line with present interest
rates.
However, the government employees have ruled out any
compromise on their demand to abolish the CPS and restore the old
pension scheme.
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