15-day ultimatum served to state Govt to restore OPS

By Staff Reporter

ITANAGAR, Jun 14: The state unit of National Movement for Old Pension Scheme (NMOPS) on Wednesday served a 15-day ultimatum to the state Govt for restoration of the Old Pension Scheme (OPS) in the state.

The state Govt has implemented New Pension Scheme (NPS) for employees appointed on or after 01.01.08 to compel them to opt for the NPS against their  welfare, NMOPS vice president Tamchi Taniang told media persons during a press conference at APC here on Wednesday, adding the NPS implementation has shattered the social and financial status of the retired employees.

Expressing concern over grievances of around 29,000 Govt employees, who have been enrolled under NPS, Taniang said that despite rendering lifelong service to the state Govt the NPS was implemented. But, other states, like Jharkand, Chattisgarh, Rajasthan and Himachal have banned the NPS and restored OPS, Taniang claimed.

“More than Rs. 100 crore is being spent on National Securities Depository Limited (NSDL) from share of NPS subscribers annually, which is not necessary being a tax-free state,” Taniang said and suggested the state Govt to use the same amount for welfare activities and restore the OPS.

Pointing out NPS demerits, he said that 10% deduction of every employee’s salary is mandatory and the system is controlled and coordinated by Mumbai-based NSDL, which has nothing to do with state affairs and its employees. But as per OPS, contribution to GPF is made as per wish of employees and it is controlled by the state Govt to pay, he added.

They also termed the NPS as a kind of share market investment of the employee’s contribution, where the fate of the employees and their family depends on the market growth.

Informing, the organisation had already submitted a series of representation to the state government on many occasions, NMOPS further threatened to initiate democratic movement in terms of tools & pen down strike that would be followed by availing mass casual leave and state-wide protest rallies to meet their demands.

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