8th Pay Commission News: The long-standing demand for the restoration of commuted pensions is again in discussion. Currently, this pension is restored after 15 years, but employee organisations want the government to cut this commutation period to 12 years.
Now, after the announcement of the 8th Pay Commission, employees are hopeful that the government may take up the issue this time. The government is currently in the process of deciding the terms and conditions of the Pay Commission, and with this, the employee organisations have raised their voice.
Big employee unions like the Confederation of Central Government Employees and Workers say that the government is constantly ignoring their demands. This is increasing resentment among employees and pensioners.
The union recently announced demonstrations across the country. Under this, gate meetings and general body meetings were organised.
8th Pay Commission: 6 major demands of employees:
Immediate establishment of 8th Pay Commission and inclusion of demands of employees.
Abolish New Pension Scheme (NPS) and implement Old Pension Scheme (OPS).
Immediate release of Dearness Allowance (DA) stopped during COVID-19.
Reducing the restoration period of adjusted (commuted) pension from 15 years to 12 years.
Removing the limit on compassionate appointments and filling the vacant posts soon.
Ensuring democratic functioning of organisations.
Also read: 1st to 7th Pay Commission: Maximum basic pay jumped to Rs 56,100! Now what will be Level 10 salary under 8th pay panel?
What changes do employees want on the adjusted pension?
Current rules:
The government deducts the pension of retired employees for 15 years. That is, the lump sum amount received is compensated monthly for 15 years.
Employees’ demand:
Employees want this period to be made 12 years, so that retired personnel can get full pension soon.
Employees’ arguments: Why is this change necessary?
Given the rising inflation and expenses, the reduction of 15 years is unfair.
Employees already bear taxes and deductions during their service.
If this change happens, millions of retired employees will get relief.
What is the government thinking?
So far, no formal announcement has been made by the government with regard to a decision on pension commutation and restoration period.
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