The State NPS Employees Collective (SNPSECK),the only organization of employees included in the contributory pension scheme has warned the state government in Kerala against the latter’s move to implement further cut in salary.
Ten percent contributory pension and salary cut will cause total thirty percent of loss in salary.It will have huge impact in employees’ family budget.
Currently employees who have purchased Onam Advance 3000 has to be repaid in the same amount. In addition to that 10% contribution to the contributory pension scheme and salary cut also to be beared.
The collective criticized the government for not withdrawing contributory pension even after four and half years of its implementation.
The government should relieve contributory pension employees from the salary challenge.Otherwise SNPSECK will organize statewide protests-said a press release.