EMPLOYEES DEMANDING A GENUINE FORMULA OF THE ALTERNATIVE PENSION FROM THE CENTRAL GOVERNMENT, REQUIRED TO BE WORKED OUT BY THE COMMITTEE WORKING OUT FOR BY THE SECRETARY (FINANCE).

The government employees are demanding old pension scheme  instead of the New pension Scheme continued by the Government of India, in this behalf. Ideally, for a good retirement benefits an employee should stay invested for thirty years or more however now a days timely employment schemes are not available for the un employed educated youth and getting opportunity at the later stage of their their livelihood . As such the Government and the department of Finance Government of India working out a formula to secure the interest of the employees as well as the Government at the states and the Centre. At present the state Governments of various states are assuring the old pension scheme to their employees , however the centre has ruled out any return to the old pension scheme despite demand and a reversal in some of the states, with several ruled by the opposition parties taking this populist route of the old pension scheme in favor of the employees. Under OPS, there seems no funding for the ongoing provision of the expected retiral benefits for all employees of the states as well as the center government and the policy makers working on the said scheme of the OPS calculating this bonanza of funding the salary unfunded pension liability till some contribution is not accumulated from the side of the employees demanding pension scheme at par with the old pension scheme which has been virtually withheld/Stopped with effect from 2004 by the Government . An analysis of the department of Finance has still taken no review on the explained new pension scheme so mandated by the Government in this behalf, as altered on to the route since 2004 , joining the government service after this review of the policy makers and economists calling the new pension scheme as an unfunded liability that limits the ability to undertake the ongoing welfare of the community service which have no return of the capital for full pension of the employees, after retirement of the employees who are having short tenure of the service rendered and it is felt to working out a formula to secure the interest of the employees however people so retired are still waiting the formula of the Government working at the Center to give genuine shape and size to this release, lying pending with the department of the Finance Government of India since the long. On the other hand the government is considering all this bonanza as a measure of genuine allocation of the budgetary funding towards the development spending for all citizens living in the society and circle however not in a position to pay for the eligible persons, demanding their genuine claims and rights since, the long.