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    Pension for FCI Staff

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    yschandr

    Posts : 2

    Pension for FCI Staff

    Post by yschandr on Sat Jul 16, 2011 4:17 pm

    Hi,

    Currently FCI staffs are getting only pension which is being paid by EPF. Is there any possibility of getting pension just like other central government departments.

    Since, the amount we get is hardly Rs.1,500/- per month, which is not sufficient even for purchase of milk.

    Atleast we need minimum of Rs.10,000/- per month as pension to lead just a normal life.

    Kindly advice on the further improvements.

    Thanks,

    Admin
    Admin

    Posts : 179

    Re: Pension for FCI Staff

    Post by Admin on Sun Jul 17, 2011 6:39 pm

    Employees joining the Central Govt. after 2004 are now covered under NPS which is a defined contribution based scheme.

    The DPE guidelines in the recent pay revision provided for defined contribution based pension scheme.
    The Association took the lead and thanks to equal co-operation of the Unions, the FCI BoD has now approved a employer funded defined contribution based pension plan where employer would provide 10% of Basic and DA and employee would provide 2% of Basic and DA. However, this would be applicable only to persons on the payroll as on 1.1.2007.

    It has been sent to the Ministry for approval.

    @yschandr As per profile information, you had joined FCI in 1950. To my knowledge, at that time FCI did not exist. So, I would presume that you are a Food Tranferee and covered under the provisions of Sec 12A of the FCI Act.

    yschandr

    Posts : 2

    Re: Pension for FCI Staff

    Post by yschandr on Mon Jul 18, 2011 1:23 am

    Sorry sir,

    It is 1980 and not 1950, please confirm is there any option for us to get pension of atleast Rs.10,000/- per month

    Thanks

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