No.AIRF/24(C) Dated: February 13, 2014
The Executive Director, Estt.(IR),
Railway Board,
New Delhi
Dear Madam,
Sub: Justification to Scrap New Pension Scheme
It was agreed in the Joint Meeting, held on 7th February, 2014 with Full Board that, necessary material/justification may also be furnished by the Federations for proposed reference to be sent to Hon’ble Finance Minister from the Hon’ble Minister for Railways. Accordingly, we are sending herewith a detailed justification for taking necessary action in the matter.
Encl: As above
AIRF's Justification to Scrap New Pension Scheme (NPS)
1. Discriminatory treatment between two sets of Railway employees viz - one appointed before 01.01.04 and the others appointed on 01.01.2004 and thereafter.
2. Although the contribution is defined, the benefit has not been defined.
3. Extract from Railway Safety Review Committee, 1998 - vide para 2.1.1 and para
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