Saturday, August 22, 2009

United Struggle for GOI Pension for Navodaya Employees

It's a good news for all the employees of the samiti irrespective of the cadre. Two factions of ainvsa came together along with principal's forum and other unions with single point agenda of getting GOI Pension. Now we can hope for some movement in that direction.
JAC decided to observe the Teachers Day as HUNGER WORK DAY to draw the attention of the authorities to the dire need of GOI Pension to Navodaya Employees. All the employees will work on that day with at most dedication but FASTING THE WHOLE DAY. All the units should publicize this at their level best.

The following are the members of the JAC:
1. Sri V L Balasubramanian, JNB Kasaragod
2. Sri R.S. Naik, JNV Kanacona
3. Sri T.P. Mani, JNV Kollam
4. Sri L.B. Reddy, JNV Warangal
5. Sri J.K. Singh, JNV Katihar
6. Sri Jagadeesh Rai,
7. Sri Shiv Narayan Sharma, RO Chandigarh
8. Sri Vijaya Kumar,JNV
9. Smt Sunitha Bhatt, RO Chandigarh
10. Sri P Rajesh, JNV Kasaragod
11. Sri P K Guptha, JNV Ratibad
12. Sri S S Dora, JNV Angul
14. Sri Yogendra Kumar Sharma, JNV Kotiya
15. Sri Gajendra Kumar, JNV Mahendragarh
16. Ms Mary k P, JNV Hoshangabad

A delegation consisting of 11 members of JAC called on the Hon Minister Sri Kapil Sibalji, MHRD on 10th evening at 7.30pm and submitted the memorandum. He promised that he would look into the matter. You can read my previous posts how much pension you would get under nps and Navodaya employees got pension.

Friday, August 14, 2009

New Pension System notified by Samiti

New Pension System was notified by samiti last week and employees who were appointed prior to 1/4/2004 should exercise their option with in three months. Many employees are confused about the system as NPS is a noval product. All the senior employees got disappointed as they could not get GOI pension. Majority lack a clear understanding of the NPS and its architecture. In order to decide the pros and cons one must understand the product first. I think you can get all your doubts cleared at pension fund regulators site
There is one important positive of NPS. In old system 10 per cent of basic pay was the contribution from the employee and the employer. Under NPS, both contribute 10 per cent of Basic Pay+Grade Pay+Dearness Allowance. For an employee who is two or three decades away from retirement, the contribution from Samiti will be far higher than that of Samiti's contribution under CPF as it is restricted to 10 per cent of Basic Pay and Grade Pay and Dearness Allowance is not considered.. Please read my post:"how much pension you would get: for further information and links for calculations.