Wednesday, March 21, 2012

Pension Scheme in Ordnance Factories

The new pension scheme has been implemented in all the ordnance factories including Jabalpur based ordnance factories.

HVF NPS Reformation Association, Avadi filed an OA before CAT Madras Bench challenging the implementation of New Pension Scheme introduced by the Government of India as unconstitutional and violative of Article 14, 16 & 21 of the Constitution of India contending, inter alia, that new pension scheme does not guarantee any minimum return on investment of employees. A strike had been called on 28.2.2012 by All India Defence Employees Federation, Indian National Defence Workers Federation and BharatiyaPratirakshaMazdoorSangh jointly demanding to scrap the new pension scheme.

No proposal for considering the implementation of old pension scheme in ordnance factories is under consideration

This information was given by Minister of State for Defence Shri MM PallamRaju in a written reply to Shri Rakesh Singh in Lok Sabha today.