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Coal Executives Association to Stage Dharna against Lack of Pension Reforms - The Association

Coal News - Published on Wed, 11 Sep 2019

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PTI, citing an association of serving and retired executives of state-owned CIL and SCCL, reported that it is mulling a day-long protest in the national capital by the year-end to protest against lack of pension reforms in coal sector. Pension of CIL and Singareni Collieries Co Ltd employees has not been reviewed since 1998 despite the provision for review of Coal Mine Pension Scheme every three years. AIACE Principal General Secretary Mr PK Singh Rathor said in a statement that "All India Association of Coal Executives is planning to stage one-day dharna in Delhi with other coal pensioners welfare associations to attract the attention of the government towards the plight of pensioners."

Despite the provision of review of the scheme every three years, it has not been done and pension once fixed at the time of retirement has never been increased since inception, AIACE explained.

As a result, even CMDs of coal companies like Coal India who retired before 1997 are in receipt of a monthly pension of just INR 2,000-INR 3,000 per month.

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Posted By : Rabi Wangkhem on Wed, 11 Sep 2019
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