Financial Daily from THE HINDU group of publications
Friday, Apr 18, 2003
Financial Daily from THE HINDU group of publications Friday, Apr 18, 2003 |
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Opinion
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Letters New pension scheme
This is with reference to "Why rush to the new pension scheme?" (Business Line, April 17). The Government in a welfare state is obliged to provide social security to its people. In fact, social security is the homage paid by the government to the directives contained in Article 39 and 41 of the Indian Constitution. But, the Centre's assurance to contribute its share to the new pension scheme is unguaranteed, if not unwarranted. Already, the Centre, which is obliged to contribute at the rate of 1.6 per cent of the salary/wages to the Employees Pension Scheme, 1995, has failed to remit its share for the past four years. This being so, the announcement of the present Government to contribute to the new pension scheme seems to be only for publicity with an aim to harvest votes in the forthcoming elections. C. Ramesh, Keeramangalam (TN)
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