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Pension Optees Must Contribute Now for 2nd Option by PF optees - Why? Read Here

S K Patnaik says :

I read various views and opinions by some of the readers/visitors of this site regarding pension contribution. All of them are unanimously opposing the contribution by the Officers who are alredy in the pension scheme earlier.

The lot of Officers who are already in the pension scheme be it by exercise of option or by default, they should bear it in mind that a great amount of sacrifice was made by those who are now getting another option. During the earlier wage settlements a major portion of the amount was earmarked for the benefit of those officers who are now crying and threatening legal action.

It is to remind those who are showing displeasure and attempting to misguide the innocents that any misguidance on their part may endanger their interest also. The wage settlement is on mutual benefit of all concerned. No one was forced to sacrifice any thing. IBA is representing Management and also answarable to the Govt. of India. Any discriminatory settlement as alleged from some corner is baseless and an futile attempt to derail the long negotiated and awaited settlement.

In view of the above whether the pension optees now who are dead against contribution from their arrears and are ready to go to court, will be able to prove that in the earlier settlements, PF optees did not sacrifice anything? It is known fact that in the previous settlements also, IBA gave rise after adjusting the amount of shortfall needed to meet the requirements of Pension optees.

If earlier PF optees have contributed towards Pension optees, then why pension optees are now grumbling.