People's Democracy

AISGEF To Resist New Pension Scheme

THE All India State Government Employees’ Federation (ASGEF) strongly opposed the decision of the UPA government to arbitrarily notify an interim investment pattern under the New Pension Scheme, including 5 per cent investment in stock market. 

In a statement issued on January 24, 2007 AISGEF general secretary Sukomal Sen termed this move of the government “a highly condemnable step which is set to destroy the entire social security system of the government employees.”

The AISGEF felt that this step taken bypassing the parliament in the face of stiff opposition of the Left parties, which stalled the Pension Fund Regulatory and Development Authority (PFRDA) Bill in parliament, is intended to boost up the share market and serve the interest of the international finance capital.

While deeply deploring the totally undemocratic and arbitrary method to impose the anti-employee dictates of the World Bank and IMF on the government employees and teachers, the AISGEF expressed its fierce determination to oppose and defeat this attempt to foist New Pension Scheme on the employees.

AISGEF expressed its satisfaction and gratitude to the Left Front governments of West Bengal, Kerala and Tripura, as the finance ministers of these states have strongly opposed and exposed the dangerous nature of the New Pension Scheme and the clever tactics of the central government.

AISGEF urged upon its state affiliates to immediately hold protest demonstrations at all levels of the state condemning the anti-workers and anti-democratic move of the government to impose the New Pension Scheme on the government employees and teachers. (INN)