Bharatiya Mazdoor Sangh Discusses Insurance And Pension Related Issues With Dr Jitendra Singh

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Bharatiya Mazdoor Sangh Discusses Insurance And Pension Related Issues With Dr Jitendra Singh

May 27, 2018, 10:53 AM

Bharatiya Mazdoor Sangh (BMS) requests for minimum pension be guaranteed equivalent to 50% of the employee’s last drawn Basic Pay plus Dearness Relief for neutralization of price rise.
PIB news on Minimum Pension

Press Information Bureau

Government of India

Ministry of Personnel, Public Grievances & Pensions

Bharatiya Mazdoor Sangh discusses Insurance and Pension related issues with Dr Jitendra Singh
A delegation of Bharatiya Mazdoor Sangh (BMS), represented by its Pratiraksha (Industrial) unit called on the Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh here today and discussed wide range of issues related to Central Government employees, including Insurance, Pension, promotions and other matters.

In a memorandum presented to the Minister, the delegation submitted that the Central Government Employees Group Insurance Scheme was notified on 1st November 1980 and came into effect from 1st January 1982. The scheme is intended to provide Central Government employees, at a low cost, on a wholly contributory and self-financing basis, the twin benefits of an insurance cover to their families in the event of death in service and a lump-sum payment to augment their financial sources on retirement. However, the BMS demands that the government should immediately notify the customized Group Insurance Scheme for Central Government employees with low premium and high risk cover.

The memorandum also expressed discontentment of a section of employees for being left out from the provision of minimum guaranteed pension under National Pension Scheme (NPS). It requested that a minimum pension be guaranteed equivalent to 50% of the employee’s last drawn Basic Pay plus Dearness Relief for neutralization of price rise.

Source : PIB

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