The injustice Kerala co-operative employees Pension Board is doing is the following 1)Demanding CPF for the no received portion of their salary ie arrears in salary denied by the management during salary revisions(Pension Board,s clarification in this regard is that Kerala state co-operative did not submit the format prescribed by Board so they are demanding arrears on the basis of salary revisions & assuming the total receipt of revised salary every 5 years)Even if the Board’s argument is taken for granted pension for CPF contributors exceeding Rs 10 lakhs cannot be reduced because they has to receive 1.75% of their CPF as pension,govt order says monthly maximum pension @ 1.75% of the CPF will be 17500/-so also demanding the amount with EPF from retirees pocket even though they have filed appeal with Supreme court for transfer of the same to them. A good portion of employees retired at the time of introduction of the Board pension is receiving maximum pension without any of the above demands and remitting the same,they are also receiving PF pension for the amount with EPF,it is very sad to state a KSCB employee who retires currently is denied eligible pension even he remits above 15 lakhs and paid around Rs10000/- and denied the EPF pension but those who retired two years back who contributed only 8.75 lakhs CPF is receiving Rs20000/- inclusive of EPF pension,very sarcastic to note that one remits 15 lakhs gets 10000/- those who remitted 8.75 lakhs two years back gets around 20000/-.It is also known from KSCB Admn dept that Board is disbursing pension to CPF contributors exceeding 1.75% ie disbursing 17500/- to those contributors up to and below 875000/-(maximum CPF for 15000/- maximum pension 4 months back) this conceptual one rank one pension socialist calculation cannot in any way justifiable by acturians. 2)Our corpus CPF has been transferred to Pension Board Account from 2010 & monthly deductions are passed on directly thereafter, but they are demanding interest supposing that the transfer has not been made during 2010 and interest for our corpus already transferred in 2010 is again demanded at the time of retirement assuming that the whole remittance is made at the time of retirement only. 3)No refund of the amount received in excess of 10,00,000/- as CPF(maximum for celing pension 17500/- @17.50%) or at least giving maximum FD rate for the fund lying idle with the Board in excess of 10 lakhs. 4)Unethically deducting eligible pension for not complying with 1 & 2 irrespective of govt order which states that CPF standing in the employees account alone has to be transferred to Pension Board,s account. 3)Not keeping any personel record of remittances by KSCB/DCB employees till the date of their retirement. I humbly pray for the following orders 1)Sanction pension prorata to the CPF transferred without ceiling,if ceiling to persist the CPF in excess of Rs10,00,000/- has to be refunded or maximum FD rate has to be given to the same. 2)Unethical demand of CPF for no received salary ie arrear salary denied by the employer has to be stopped 3)Demanding duplicate/double interest for corpus already lying the with the pension Board again from the date of transfer (2010) has to be stopped. 4)Kerala state co-operative Bank may please be directed to prepare & submit the formats prescribed by Pension Board and also obtain EPF pension for their employees retiring for contribution with EPF commissioner,Managing Director/president of KSCB may be advised to hold talks with RCS and Pension Board and rectify the defects and ending the grievances of retirees. 4)Parallell calculation of CPF by Pension Board has to be stopped the accounts submitted by Kerala state co-operative Bank/District Cooperative bank checked by the departemental auditor has to be accepted and be treated as final.
Posted on: Sat, 31 Aug 2013 04:19:09 +0000
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