Monday, March 4, 2024

State govt firm on GPS for employees

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In a significant development, a cabinet sub-committee convened an extensive meeting to deliberate upon the Guaranteed Pension Scheme (GPS) in collaboration with employee union representatives. Education Minister Botsa Satyanarayana delivered crucial insights during the meeting, while union leaders presented recommendations to the committee members. It was assured that these grievances would be promptly brought to the attention of Chief Minister Jagan for further discussion and subsequent decisions regarding the implementation of GPS.

Askar Rao, leader of the Employees’ Union, expressed confidence in the government’s commitment to institute the GPS for employees, as articulated by the sub-committee members. According to their statements, the pension percentage has been elevated from 33% to an impressive 50%, with Disbursement Allowance/Dearness Relief (DA/DR) to be provided biannually. Significantly, there will be no Pay Revision Commission (PRC) and no Employee Health Scheme (EHS). Furthermore, the union leaders received assurance that the implementation of GPS would surpass the existing Optional Pension Scheme (OPS) in terms of benefits, meeting the demands of the employees.

Askar Rao underscored the meaningful nature of the discussion and expressed optimism regarding a productive outcome that would favour the employees. He pointed out that seven states have already commenced OPS implementation and emphasised that Chief Minister Jagan Mohan Reddy, known for his pro-employee stance and dynamic leadership, would undoubtedly consider the employees’ viewpoints in order to ensure their satisfaction.

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