Former employees of Coal India demand revision of pension

Tags: News
The former employees of Coal India Ltd have demanded that their pensions be revised, as the current pension scheme was implemented over 15 years ago.

Some of the retired employees are drawing as less as Rs 73 per month, while a former chairman was entitled to only Rs 2,344 per month, according to Federation of Coal Industry Retired Employees Association.

President of Federation, J N Singh, a former director of CIL subsidiary WCL, said at a press conference here yesterday that the former employee who was getting a pension of Rs 73 had in fact requested the CIL to stop paying him altogether.

Former chairman R K Sharma was getting Rs 2,344, a pittance considering the post he held, Singh said.

Federation's general secretary O P Miglani, also a former director of WCL, said the current pension scheme was introduced in 1998, and it was never revised.

The Federation was thinking of moving the High Court or the Supreme Court over the issue, he said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The NDA government would do well to keep its economic focus in place

    It is as if the worst horrors conjured by liberal secularists about India’s prime minister could be finally coming true.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture