Proposed Chapter 2: Pension- A brief of proposed Chapter 2 0f memorandum to be submitted to the 8th CPC (Both in English& Hindi)-अध्याय 2: पेंशन संक्षिप्त सार:
Chapter 2: Pension For the sake of brevity, each issue/point has been outlined briefly. A detailed explanation will be provided by Bharat Pensioners Samaj during oral evidence before the commission. Civil Service Pension Reform for pre 2004 recruited retirees: Ensuring Fairness and Financial Security Supreme Court Observations on Pension The Supreme Court has emphasized that pension is a statutory right, not a discretionary benefit, ensuring socio-economic justice for retired employees. The landmark Nakra judgment states that pensioners must be able to live: 1.Free from want, with decency, independence, and self-respect. 2.At a standard equivalent to their pre-retirement level. Impact of Inflation and Cost of Living Since the last revision of Central Government pensions on 1st January 2016, inflation has significantly eroded the purchasing power of pensioners, necessitating an urgent revision. The rising cost of essential and non-essential goods, along with increased medical...