Two hour demonstration against PFRDA Bill – Confederation News

PFRDA Bill

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PFRDA BILL INTRODUCED IN THE PARLIAMENT:
  
HOLD DEMONSTRATION BETWEEN 12 AND 2 PM ON
FRIDAY 25TH MARCH 2011
IN FRONT OF ALL OFFICES
TO REGISTER OUR STRONG PROTEST AGAINST THE ATTROCIOUS ATTEMPT
OF THE UPA GOVERNMENT
TO REINTRODUCE THE LAPSED BILL

      The UPA II Government has today introduced the PFRDA Bill once again in the Parliament. The bill that was introduced earlier by the then Finance Minister, Shri P. Chidambaram, could not muster sufficient support to get enacted as the Left parties Parties opposed it. Even though the enactment could not be made, the Government through executive fiat had converted the statutory defined benefit Pension scheme which is in existence for decades in the case of Government employees into a contributory pension scheme.
  
      The All India State Government Employees Federation and the Confederation of Central Government employees had jointly taken the decision earlier to oppose the introduction of the Bill by organizing a two hour walk out programme. Accordingly we call upon all our Affiliates and State Units to immediately organize demonstration in front of all offices between 12 and 2 PM and mobilize the members for sustained serious programmes of action in the days to come. Intensive campaign programmes must be undertaken to bring home the pernicious impact the bill will bring about on the existing pensionary benefits of the Government employees. Besides, The funds accumulated from the contributions made by the employees as stipulated in the New Contributory pension scheme would be diverted to stock market for investment. Since the Government is to contribute equal amount as is being made by the employees, the new contributory pension scheme would be an unbearable drag on the exchequer and the sole beneficiary would be the big corporate houses. We must therefore embark upon a sustained struggle against the new scheme including a day’s strike action as and when the bill is taken up for enactment by the Parliament..
  
      With greetings,

Yours fraternally,
s/d
K.K.N.Kutty;
Secretary General