However, the Finance dept has increased DA by 4% to Govt employees even though financial crises in our country, why increased and why not increased in our Pension similarly?
If I compare with the previous year, my monthly expenses are increased in Milk bill rs 120, Doctors fees by rs 100, haircutting saloon rs 40, electricity bill rs 75, foods, fruits and vegetables by rs 100, So on essential items Total rs 435. In the same period of one year, my income by way of FDs interest and MFs dividend is decreased by rs 2500 approx. Pension of Rs 2676 unchanged (after contribution for 23 years on rs 6500 and rs 15000) What Finance dept. is doing for EPS 95 Pensioners???
They are not implementing the Supreme Court order of (1) pension calculation on last drawn salary and not on 60 months average salary. If it is calculated on the last drawn salary of rs15000 monthly pension will increase by Rs 2252 pm. See the income and expenses ratio during one year period and how the Finance dept can increase 4% DA. to Govt employees. It is baseless and unfair and injustice to EPS Pensioners as of last year. I blame to Finance dept and not to entire Govt.
So I request NAC to raise this issue strongly with Finance dept, before the announcement of Budget on 1st February.
Further Banks have written off a huge amount of loans, bad debts in one year period as per news read in newspapers. To compensate for this loss, Banks are decreasing interest payments on FDs. So a big loss in a monthly income of Pensioners like us. It is the failure of the Board of Directors of Banks.
Our Pension is very less so we keep FDs in Banks ( accumulated amount of PF, Gratuity, and some savings in salary during 35 years of service.) So Banks are also doing unfair, injustice to us. What Finance dept is doing in the Banking sector? The finance dept is Failed during 10/15 years period and we are facing repercussions.
A EPS 95 Pensioner
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