21 Aug Latest News

UPDATE ON 30% SUPERANNUATION BENEFITS

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Published Date

Under direction of the then GM (Establishment) Sh R K Goyal contribution towards pension scheme as a part of superannuation benefits was calculated and arrived at 3%. As per his calculation if 3% contribution is made towards the pension scheme of direct recruits they will get more pension then absorbed employees covered under Government Pension scheme under rule 37-A. On strong objection to his manipulated calculation and consistent persuasion of this association BSNL board has returned the proposal to remuneration committee of BSNL board with remark to have a fresh calculation in consultation with this association. This association along with establishment cell of BSNL CO under direction of new GM (establishment) Smt. Madhu Arora has gone through the detail calculation considering all the possibilities in future. It is established through calculation that if all future pay revision will happen with 30% fitment benefits BSNL has to contribute more than 85% of Basic + DA towards the pension scheme of direct recruits to match the pension benefits of absorbed employees. If all the future pay revision will happen with only DA merger and without any fitment benefits BSNL has to contribute more than 43% of Basic + DA towards the pension scheme of direct recruits to match the pension benefits of absorbed employees. Similarly if there is no any future pay revision in BSNL and even DA is not merged (this situation will never come in any CPSE because before that CPSE will be closed) BSNL has to contribute 6% of Basic + DA towards the pension scheme of direct recruits to match the pension benefits of absorbed employees.

As we are talking in present date where pay revision is implemented with 30% fitment benefits, BSNL has to contribute more than 85% of Basic+ DA towards the pension scheme of direct recruits to match the pension benefits of absorbed employees. Surprisingly the then GM establishment Sh R K Goyal had presented calculation before all association/unions and even BSNL board that with 3% contribution direct recruits will get more pension than absorbed employees.

Now establishment cell of BSNL CO have moved the file with correct calculation including all the option. This file is routed through EF cell of BSNL CO and will finally reach to remuneration committee of board. Remuneration committee will decide the quantum and date of effect of superannuation benefits based on new calculation which will finally be put up to BSNL board. We believe that decision will be taken on merit and we have every justification for pension contribution not less than 12% of Basic + DA and date of effect 01.10.2000.