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Blog Entry# 3205753
Posted: Mar 15 2018 (14:30)

1 Responses
Last Response: Mar 15 2018 (14:30)
Rail News
Mar 14 2018 (20:03)   Railway employees to protest before Parliament tomorrow for better pay, withdrawal of NPS

a2z~   355 news posts
Entry# 3205753   News Entry# 331396         Tags   Past Edits
Railway unions are organising a protest march to Parliament tomorrow, demanding the withdrawal of the National Pension System (NPS) and improvement of minimum wages, the All India Railwaymen's Federation (AIRF) said today.
In a press meet organised by the AIRF, its general secretary Shiv Gopal Mishra said while social security to retired government employees was achieved after a prolonged struggle, it was virtually withdrawn with the introduction of the NPS from January 2004.
"Under the NPS, the defined minimum pension or family pension is no more guaranteed for those employees who came in
government service on or after 2004, although they are regularly contributing 10 per cent of their wages every month towards this scheme," Mishra alleged.
The demand to scrap the NPS was one of the main demands made by the central government employees last year. A three-member committee of ministers headed by Home Minister Rajnath Singh was formed to discuss the grievances but there was no progress.
Mishra said around 40,000-50,000 railway employees from across the country were expected to join the march tomorrow to Parliament.
"There is anger and anguish not just among railwaymen, but also among bureaucrats, over this. We have been assured again and again that our demands will be met, but nothing has happened so far. If they do not relent, then we will have to stick together and the next step could well be disruptive," Mishra said.
The AIRF, however, said that this time, they had ensured that rail services would not be disrupted by the presence of rail employees in Delhi.
"We have given instructions that no trains will be stopped or delayed because of our march. However, there will be a lot of absentees.Most of those affected are youngsters and they are very upset and angry," Mishra said, adding that all the state rail federations would join in the protest.
Mishra also said they were not happy with the minimum pay of Rs 18,000 that was approved and wanted it to be hiked to Rs 26,000.
In February 2016, the AIRF had conducted a secret ballot for its members to decide the future course of action if its demands weren't met. Ninety-five per cent of the 9,00,000 railwaymen who voted supported a strike. These employees included railway men from across the country, including 17 zones and seven production units of the Indian Railways.
In 1974, railway employees demanding a wage increase staged a strike that crippled life in the country for almost three weeks.

Mar 15 2018 (14:30)
a2z~   2941 blog posts
Re# 3205753-1            Tags   Past Edits
* It was reported that after implementation of 7th par commission, about 20-25% of the total revenues goes into paying pension to its retired employees & 40-50% of total revenues go into salary/perks of working employees. It is very difficult to survive for any organisation with so high staff costs.
* With interest rates on deposits in market falling from about 12-15% (2 decades ago) to about 7-10% today, it is very difficult for any organisation to earn more as interest on pension funds and pay handsome pension. Hence NPS was brought.
If Unions have their way, they will insist for more and more recruitments to wield more and more bargaining power but the staff cost shall bloat further making safe operation of trains very difficult.
* If Employees want earlier pension then they should support the use of latest technology & automation to make the system safer, more reliable as well as lesser manpower intensive. This may result in fewer job opportunities in Indian Rlys in future, but improved traffic/ financial health of railways, huge reduction in logistics cost for the country, and resultant benefits in indian economy can generate a large number of jobs to compensate the loss of railway jobs.
* Ever expanding network of 4/6 lane highways, New models of buses/cars, electric road vehicles, expanding network of airports, falling airfares, improvements being done in port infrastructure, emphasis to more efficient waterways etc are the external factors which may prove fatal to railways in India in future. IR has no option to become efficient, stop unnecessary losses

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