{"id":2186,"date":"2014-02-08T19:00:05","date_gmt":"2014-02-08T19:00:05","guid":{"rendered":"http:\/\/aigetoaktk.org\/?p=2186"},"modified":"2014-02-09T09:09:02","modified_gmt":"2014-02-09T09:09:02","slug":"a-real-fact-about-30-superannuation-benefit","status":"publish","type":"post","link":"https:\/\/aigetoaktk.org\/?p=2186","title":{"rendered":"A real fact about 30% Superannuation Benefit."},"content":{"rendered":"

..Superannuation.? What the heck it is.. I am more concerned about what do I get now<\/span>.<\/span>. <\/span><\/em><\/strong><\/p>\n

Most of us had been made to think that way by BSNL. BSNL only pays the 18% of Basic + DA as\u00a0superannuation benefits, instead of DPEs proposed 30%. In the final analysis, the 12% that BSNL\u00a0doesn’t pay makes a huge difference.<\/strong><\/span><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 What we have already Lost<\/strong><\/span><\/p>\n

A calculation of the benefits we have lost till 31.12.2013 because of BSNL refusing to give us the\u00a030% Superannuation Benefits, which had been made mandatory for CPSUs according to the\u00a0Department of Public Enterprises, 2nd Pay Revision Commission.\u00a0<\/strong><\/span><\/p>\n\n\n\n\n\n\n\n\n
\u00a0Batch<\/strong><\/span><\/td>\nLoss up to<\/strong><\/span>
\nDEC\/2013<\/strong><\/span>
\n(Lakhs)<\/strong><\/span>\u00a0<\/strong><\/span><\/td>\n		Calculation of Avg Loss in<\/strong><\/span>
\nRetirement (interest rate 8.5%)<\/strong><\/span>
\n(due to loss only up to DEC\/2013)<\/strong><\/span>\u00a0<\/strong><\/span><\/td>\n		Avg Loss In Retirement<\/strong><\/span>
\n(due to loss only up to<\/strong><\/span>
\nDEC\/2013) in Lakhs<\/strong><\/span>\u00a0<\/strong><\/span><\/td>\n<\/tr>\n
\u00a02009<\/strong><\/span><\/td>\n1.5\u00a0<\/strong><\/span><\/td>\n1.5(1+0.085)33<\/sup>\u00a0<\/strong><\/span><\/td>\n\u00a022<\/strong><\/span><\/td>\n<\/tr>\n
\u00a02007<\/strong><\/span><\/td>\n1.8<\/strong><\/span><\/td>\n1.8(1+0.085)32<\/sup>\u00a0<\/strong><\/span><\/td>\n\u00a024.5<\/strong><\/span><\/td>\n<\/tr>\n
\u00a02005<\/strong><\/span><\/td>\n4.5<\/strong><\/span><\/td>\n4.5(1+0.085)30<\/sup><\/strong><\/span><\/td>\n\u00a052<\/strong><\/span><\/td>\n<\/tr>\n
2002<\/strong><\/span><\/td>\n6.5<\/strong><\/span><\/td>\n6.5(1+0.085)26<\/sup><\/strong><\/span><\/td>\n54<\/strong><\/span><\/td>\n<\/tr>\n
2001<\/strong><\/span><\/td>\n7<\/strong><\/span><\/td>\n7(1+0.085)26<\/sup><\/strong><\/span><\/td>\n58<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0 You should know that according to Govt rules any Company in India should ensure Basic, DA and\u00a0Superannuation benefits to all employees before giving additional perks like TA etc. But in BSNL a\u00a0section of the Employees (DoT Absorbees) have been accorded full benefits (Basic, DA, TA, Pension<\/strong><\/span>..etc) <\/em><\/strong><\/span><\/p>\n

while another section’s (Direct Recruits) benefits are cut (only 18% superannuation benefits\u00a0instead of 30%), citing financial burden to BSNL. So we Direct Recruits are supposed to be content\u00a0with the Rs.3250\/- EPF Pension that would be given to us after 30 years of service.\u00a0<\/em><\/strong><\/span><\/p>\n

\u00a0 \u00a0 \u00a0This means that the\u00a0Cost to Company for a Direct Recruit in the present condition is much lower than\u00a0that of his DoT Absorbee counterpart. So we are a kind of second class workers in BSNL, working for\u00a0much lower wages for the same job as compared to our DoT Absorbee counterparts, because of\u00a0BSNL not having implemented the DPE 2nd PRC in full. The money we have already lost till NOW\u00a0would have easily yielded us monthly interest amount of Rs.6500\/- by the time of retirement (twice\u00a0the pension amount we are going to receive after 30 years of service).\u00a0<\/strong><\/span><\/p>\n

\u00a0 \u00a0 \u00a0Friends its time to take tough decisions. The time to act is NOW. Nothing can be done about what we\u00a0have already lost. But if we don’t act now then we have no one but ourselves to blame for our fate.(From AIGETOA Kerala site)<\/strong><\/span><\/p>\n

\u00a0<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

..Superannuation.? What the heck it is.. I am more concerned about what do I get now.. Most of us had been made to think that way by BSNL. BSNL only pays the 18% of Basic + DA as\u00a0superannuation benefits, instead of DPEs proposed 30%. In the final analysis, the 12% that BSNL\u00a0doesn’t pay makes a huge difference. \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 What we have already Lost A calculation of the benefits we have lost till 31.12.2013 because of BSNL refusing to give us the\u00a030% Superannuation Benefits, which had been made mandatory for CPSUs according to the\u00a0Department of Public Enterprises, 2nd Pay Revision Commission.\u00a0 \u00a0Batch Loss up to DEC\/2013 (Lakhs)\u00a0 Calculation of Avg Loss in Retirement (interest rate 8.5%) (due to loss only up to DEC\/2013)\u00a0 Avg Loss In Retirement (due to loss only up to DEC\/2013) in Lakhs\u00a0 \u00a02009 1.5\u00a0 1.5(1+0.085)33\u00a0 \u00a022 \u00a02007 1.8 1.8(1+0.085)32\u00a0 \u00a024.5 \u00a02005 4.5 4.5(1+0.085)30 \u00a052 2002 6.5 6.5(1+0.085)26 54 2001 7 7(1+0.085)26 58 \u00a0 You should know that according to Govt rules any Company in India should ensure Basic, DA and\u00a0Superannuation benefits to all employees before giving additional perks like TA etc. But in BSNL a\u00a0section of the Employees (DoT Absorbees) have been accorded full benefits (Basic, DA, TA, Pension..etc) while another section’s (Direct Recruits) benefits are cut (only 18% superannuation benefits\u00a0instead of 30%), citing financial burden to BSNL. So we Direct Recruits are supposed to be content\u00a0with the Rs.3250\/- EPF Pension that would be given to us after 30 years of service.\u00a0 \u00a0 \u00a0 \u00a0This means that the\u00a0Cost to Company for a Direct Recruit in the present condition is much lower than\u00a0that of[Read More…]<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2186","post","type-post","status-publish","format-standard","hentry","category-karnataka"],"_links":{"self":[{"href":"https:\/\/aigetoaktk.org\/index.php?rest_route=\/wp\/v2\/posts\/2186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aigetoaktk.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aigetoaktk.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aigetoaktk.org\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/aigetoaktk.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2186"}],"version-history":[{"count":6,"href":"https:\/\/aigetoaktk.org\/index.php?rest_route=\/wp\/v2\/posts\/2186\/revisions"}],"predecessor-version":[{"id":2201,"href":"https:\/\/aigetoaktk.org\/index.php?rest_route=\/wp\/v2\/posts\/2186\/revisions\/2201"}],"wp:attachment":[{"href":"https:\/\/aigetoaktk.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aigetoaktk.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aigetoaktk.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}