PENSION SCHEME IN ITS TRUE SPIRIT
19 Jul 16, 08:31 PM
B. Ganga Raju: In recent days I did not join the chat column. Mainly because I was weighed down with the anxiety about the health of my son-in-law. However I am following the opinions of other contributors. I do not see anything new. We are now entering the arena for the crucial phase of the fight. Discussions on matters like which organisation has the best brains, to whom our contributions have to go, finding faults with some, singing hallelujahs to one's favourite organisaion etc etc. in my view are fit just for " time pass " and publicity.
Similarly thinking about who championed 3rd benefit and who settled for the existing scheme, is of no relevance now. Suffice to remember that those who championed the present scheme and those who condemned it, both accepted the scheme and enjoyed the fruits of it. The number of organisations fighting for the pensioners has gone up from one to five now. Some have hopes that the entry of one organisation into the arena changed the whole game and hoped that " unknown legal points" would be unearthed now. Those who draw a comparison with Bonus case must keep in mind that in 1980s we fought against a law enacted by the Parliament on depriving LIC employees of their right to Bonus. The present fight is for the same justice to pre and post 8/97 pensioners as also implementation of pension regulation 56 in letter and spirit for allowing updation of pension as is given to C.G. Pensioners. Our legal fight will have repercussions for the entire financial sector viz., RBI, Banking, LIC & GIC. In a lighter vein I recall the last scene in our Cinemas, when the Police enter in the last scene only. Hope the police would arrest the culprits.