{"id":121199,"date":"2024-08-25T15:22:31","date_gmt":"2024-08-25T15:22:31","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/25\/trade-unions-divided-over-the-unified-pension-scheme\/"},"modified":"2024-08-25T15:22:31","modified_gmt":"2024-08-25T15:22:31","slug":"trade-unions-divided-over-the-unified-pension-scheme","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/25\/trade-unions-divided-over-the-unified-pension-scheme\/","title":{"rendered":"Trade unions divided over the unified pension scheme"},"content":{"rendered":"
\"Trade<\/div>\n
Trade unions<\/a> are divided over the unified pension scheme<\/a> (UPS<\/a>) announced by the government<\/a> on Saturday with the majority demanding restoration of the old pension scheme (OPS<\/a>) which was non-contributory. <\/p>\n

While central trade unions like the All India Trade Union Congress (AITUC<\/a>) and Centre of Indian Trade Unions (CITU<\/a>) have outrightly rejected the scheme, RSS-affiliate Bhartiya Mazdoor Sangh (BMS<\/a>) said though its is close to the OPS yet difference remain and the trade union will decide on its future course of action after the details of UPS are out. <\/p>\n

\u201cCertainly, UPS is a better option than the existing National Pension Scheme (NPS) as it contains an assured 50% pension, dearness relief, family pension, increased government contribution<\/a> from 14% to 18.5% and additional lump-sum payment on retirement,\u201d Ravindra Himte, general secretary, BMS said in a statement issued on Sunday.<\/p>\n

\u201cHowever, there are still some differences as compared to OPS, like UPS is a contributory pension scheme whereas an employee did not contribute anything under OPS and there is a feature of commutation of pension available in OPS which is not available in NPS or UPS,\u201d Himte said.<\/p>\n

BMS is of the view that some other important features of UPS are still not clear like the ratio of lump-sum payment on exit; revision of pension on future pay commissions; continuation of tax benefits and increase in pension on completion of 80, 85, 90, 95 and 100 years. <\/p>\n

\u201cFor these clarifications, we have to wait till the publication of detailed notification of UPS,\u201d Himte said, adding BMS will decide its further action in this regard only after a detailed study of the features of the UPS.The Centre of Indian Trade Unions (CITU), on the other hand, denounced the Unified Pension Scheme (UPS) as another dubious desperate effort to deceive the government employees<\/a> of their due full right and urged for restoration of the old pension scheme (OPS).\u201cThe package offered by the government in the name of UPS reflects the same deceptive ploy of depriving the government employees of their legitimate dues on account of pension,\u201d Tapan Sen, general secretary CITU said urging the government to restore the non-contributory defined assured Old Pension Scheme. <\/p>\n

The AITUC is of the view that UPS does not match the Old Pension Scheme which is basically non-contributory in nature. <\/p>\n

\u201cUnified Pension Scheme (UPS) decided by the Modi government for central government employees is nothing but an extension of the existing NPS as the government employees will have to continue to contribute 10% of their wages in UPS also,\u201d Amarjeet Kaur, general secretary, AITUC said. <\/p>\n

\u201cUPS will have a lot of aberrations once implemented. AITUC reiterates its stand to continue to fight for restoring back the non-contributory Old Pension Scheme,\u201d Kaur added.
<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Trade unions are divided over the unified pension scheme (UPS) announced by the government on Saturday with the majority demanding restoration of the old pension scheme (OPS) which was non-contributory. While central trade unions like the All India Trade Union Congress (AITUC) and Centre of Indian Trade Unions (CITU) have outrightly rejected the scheme, RSS-affiliate […]<\/p>\n","protected":false},"author":2,"featured_media":121200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-112784670,imgsize-10610.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[98582,98583,98584,56565,28007,5395,3954,12345,7472,98327,8940,14195,71694,25303,28058,7582],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/121199"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=121199"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/121199\/revisions"}],"predecessor-version":[{"id":121201,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/121199\/revisions\/121201"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/121200"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=121199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=121199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=121199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}