As per media report, the high power committee constituted by government is expected to submit its report by 3.12.2018. Though the outcome is yet to be ascertained but it's vision is very clear. The committee is assigned to view the viability of epfo in totality of it's all aspect for granting higher pension to retirees along with it's other various social security schemes, designed for it's members. Here few important points needs to be remembered.
1.Out of unclaimed corpse fund laying with EPFO, 40000 crore is already blocked by government through CBT in various government securities and share market. Further wide investment future plan along with diversification of EPFO social security activities under control of state government is also on anvil. This all means to diverse EPFO from retirees legitimate claims of higher pension on actual salary in accordance of various court judgements, in the name of non viability as surplus funds and future funds are already now capped having no further scope for higher pension at the moment. The government intention is to have an stamp of this committee report on EPFO modified role and further submit same before apex Court, assuring worst today but better tomorrow.
In this way, the entire plan is devise an supporting document to mislead courts and hence one should not expect any miracle through the report. Yes as show off, some marginal benefits may be accorded by committee as marginal enhancement in minimum pension etc. In spite of all above, We pray God for an miracle to little ease our rest of life. Sir, now there is no other alternative except strong agitation in foiling all game plan of epfo, government, cbt and all other concerned.
1.Out of unclaimed corpse fund laying with EPFO, 40000 crore is already blocked by government through CBT in various government securities and share market. Further wide investment future plan along with diversification of EPFO social security activities under control of state government is also on anvil. This all means to diverse EPFO from retirees legitimate claims of higher pension on actual salary in accordance of various court judgements, in the name of non viability as surplus funds and future funds are already now capped having no further scope for higher pension at the moment. The government intention is to have an stamp of this committee report on EPFO modified role and further submit same before apex Court, assuring worst today but better tomorrow.
In this way, the entire plan is devise an supporting document to mislead courts and hence one should not expect any miracle through the report. Yes as show off, some marginal benefits may be accorded by committee as marginal enhancement in minimum pension etc. In spite of all above, We pray God for an miracle to little ease our rest of life. Sir, now there is no other alternative except strong agitation in foiling all game plan of epfo, government, cbt and all other concerned.
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