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Tuesday, October 06, 2015

PENSION CASE


This has reference to Sri A.S. Ramanathan's post. I am giving my views on the subject:

1. DR discrimination to pre-August 97 pensioners to be removed first by changing the DR rates as 0.67% and 0.35% w.e.f from 1-8-97 and DR worked-out at revised rates as on 1-8-97. Only when this is done, pre-Aug.97 pensioners will be placed on par with post-Aug.97 ones in so far as DR is concerned.

2. After doing the above first, pension updation to be done benefiting all groups of pensioners uniformly.

3. Two-in-one formula presently attempted will not be in the best interests of pre-August 97 pensioners.

T Lakshminarayanan