Monday, August 26, 2024
‘State should revoke contributory pension scheme’
‘State should revoke contributory pension scheme’
The Hindu Bureau
Madurai 26.08.2024
The Contributory Pension Scheme Abolition Movement has demanded the State Government to fulfil its poll promise of revocation of contributory pension scheme and replacing it with the old pension scheme.
Talking to reporters here on Sunday, its coordinator, M. Selvakumar, said Finance Minister Thengam Thennarasu on April 26, 2023 had said that the State would take a call on reintroduction of old pension scheme after looking into the report of Somanathan Committee constituted by the Centre on the New Pension Scheme.
The Centre has decided to introduce the unified pension scheme based on Somanathan Committee report, he said and added that it was now the State’s turn to fulfill its promise.
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Parents, students protest medical fee hike
Parents, students protest medical fee hike
Ahmedabad : A day after the fees for around 1,200 private medical, dental and paramedical colleges as well as 15 ayurvedic colleges in Gujarat were raised, parents and students protested at the fee regulatory committee (FRC) office on Saturday. The FRC announced new fees for medical colleges for 2024-25 and paramedical and dental colleges for the next three years, with increases ranging from 2% to 25%, averaging 12%. The new fee structures do not apply to the 13 medical colleges run by Gujarat Medical Education and Research Society (GMERS).
Ayurvedic colleges have seen fees hiked by up to 80%. Protesters argued that the steep increase would push middle-class students to pursue medical education abroad as many can no longer afford local fees. A similar hike in GMERS medical colleges had already sparked protests, leading to a partial rollback. The new increases in private colleges are adding to the financial burden on families, said protestors. Demonstrators gathered at the FRC office, and left a memorandum outside as the office was closed. The memorandum demanded a rollback, stating the fee hike is unjustifiable.
Govt approves UPS, assures 50% of basic pay as pension
Govt approves UPS, assures 50% of basic pay as pension
Govt Contribution Up To 18.5% From 14%; DA Added
TIMES NEWS NETWORK
New Delhi : Bringing significant benefits to 23 lakh central govt employees, the Narendra Modi govt on Saturday announced an overhaul of the 20-year-old National Pension System, including a higher contribution by govt for a guaranteed payout of 50% of the average basic pay drawn during the last 12 months of service. With the Unified Pension Scheme (UPS), the govt sought to bring the benefits on a par with the old pension scheme (OPS) and blunt the opposition’s bid to revert to the earlier regime in the states governed by them, and mop up electoral dividends in the ensuing assembly polls. The decision also opens the doors for states to offer UPS, a contributory scheme, which will take the count to 90 lakh employees.
The scheme — which employees will get a one-time option to switch to — introduces inflation adjustment through dearness relief. Those opting for UPS will be assured of 50% payout if they complete 25 years of service, information and broadcasting minister Ashwini Vaishnaw announced. The proportion will be lower for those who put in fewer years in any govt job. Elaborating on the “five pillars” of UPS, which will be implemented from April next year, Vaishnaw said a minimum pension of Rs 10,000 will be offered to those who work for 10 years, with family pension to the spouse pegged at 60% of the deceased govt employee’s pension
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