Pension for any employee is significant. The pension support after retirement is only available to the employee. There are changes in the regulations of the pension (govt employees pension). The commuted pension of central employees will be restored after just 12 years instead of 15 years. A huge update has come out for the employees. An update regarding the long-pending demand of employees has come out about the commuted pension. This will give an incredible benefit to the employees.
Demand Of Employee Organizations
Central employees have long been demanding their commuted pension restoration, and it was again up for consideration. Until now, this pension is restored only after 15 years. Whereas there is also a very old demand of the employees that the period should be reduced to 12 years.
Some Hopes For 8th Pay Commission
There are hopes among the employees for the 8th Pay Commission. It is said that the government can take some decision regarding this in the new pay commission. However, the government has not made any statement in this respect.
Employee Discontent Rising
Big federations like Confederation of Central Government Employees and Workers are also reminding regularly that satisfactory redress should be given for their demands. The government is thus ignoring all and giving rise to more discontent among employees and pensioners alike. Demonstrations and meetings throughout the country have drawn further attention of the government on the issue by employee organizations.
The Demand Concerning Commuted Pension Of Employees Is
As per rules so far, for 15 years, the retired employees would have deductions made from their pensions for commuted pension by the Government. The amount paid as a lump sum comes adjusted into those 15 years by deduction per month. The employee demands that this period be reduced to 12 years, which will be a relief to the retired employees.
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