Sunday, 24 May 2015

Pension Status in 10th Bipartite Settlement

For the attention of my senior colleagues, check out below tables about pension erosion in Tenth Bipartite Settlement.The tenth Bipartite Settlement is going to affect employees retired
between 01.11.2012 to 30.05.2015.
And not just that, is is also going to affect those who are retiring hereafter.
Those who already retired might have to repay excess pension paid.
Those who are going to retire will be given less pension at the time of
disbursement itself. That is all.
Employees under NPS will also be affected, as contribution to NPS
will be of 2% Increase instead of 15% increase.
As this section of employees left with more number of service,
they will be the worst sufferer.
Please share your views below.


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