Maharashtra becomes 1st state to offer UPS to employees | India News – Times of India

Maharashtra becomes 1st state to offer UPS to employees | India News – Times of India



NEW DELHI: Hours after central govt workers‘ organisations demanded that state govts implement the Unified Pension Scheme (UPS), poll-bound Maharashtra on Sunday turned the primary state to supply a change to its workers amid expectation that others, particularly these ruled by NDA, will observe go well with.
The choice got here 24 hours after Union cupboard accredited UPS to supply 50% of an worker’s common wage for the final 12 months as pension, together with inflation adjustment and different sweeteners to handle the calls for of govt workers who joined in 2004 and later.
:Whereas 23 lakh central govt workers stand to profit from Unified Pension Scheme (UPS), the quantity could rise to 90 lakh if all states provide it. Urging states to implement the scheme, high representatives of central govt workers mentioned political events mustn’t politicise the difficulty. Although they mentioned OPSis the best choice because it didn’t require workers to make any contribution, they’re happy with UPS.
“We needs to be sensible to see what greatest we will get and govt can present. UPS incorporates 90% of the provisions of OPS and so we’re pleased. Govt is engaged on a lump sum quantity that workers coated by UPS will get on the time of their retirement from their month-to-month contribution,” mentioned Shiv Gopal Mishra of All India Railwaymen’s Federation and secretary (workers facet) of nationwide council of JCM.
Mishra mentioned within the present situation, nothing might be a greater answer than UPS. He mentioned since state govt workers and their associations are additionally a part of the agitation to get a good deal for all these recruited from Jan 2004 onwards, they can even pursue state govts to implement this rapidly.
Cupboard secretary-designate T V Somanathan, who headed the panel to overview NPS & held negotiations with workers organisations, mentioned on Saturday that Centre’s UPS template might be replicated by states. He had mentioned that over 99% of the workers coated below NPS would discover it helpful to shift to UPS.
JCM chief M Raghavaiah mentioned workers physique anticipated extra states to implement UPS and urged Centre and the states to ensure pension of fifty% of the wage for many who have served 20 years instead of 25 years. He mentioned the lump sum quantity to be paid on the time of retirement needs to be onefourth of month-to-month pay of previous six months.
Sources mentioned UPS will profit over eight lakh railways workers who’ve joined service in previous 20 years. “Welfare of govt workers needs to be a difficulty of ‘they vs us’ for political events as we work for organisations no matter which get together is in energy,” mentioned a senior consultant when requested about Congress taking potshots at BJP.







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