A European Union official sexually harassed a colleague but was let off because his Brussels pension was too small to dock without making him go hungry.
Does the demise of DB mean a dystopia for pensions actuaries? Is the clock ticking on careers? Or is it less Orwell, more all well? Mark Williams presents his vision
Presently, pensioners under EPS-95 of the Employees Provident Fund Organisation (EPFO) get a minimum monthly pension (entitlement) of Rs 1,000, as per rules implemented in September 2014.
Pensioners covered by the Employees Pension Scheme 1995 (EPS-95) are planning a hunger strike to demand an increase in their minimum monthly pension to Rs 7,500, up from the current Rs 1,000 set in September 2014. Despite assurances from the Union Labour Minister, discontent remains, prompting the National Agitation Committee to announce a second indefinite hunger strike at Jantar Mantar in New Delhi. Over 50,000 pensioners may join the protest if their demands are not met by January 31, with dissatisfaction arising from the perceived inadequacy of the current pension structure. The EPFO manages the concerns of 78 lakh pensioners in the country, facing a significant challenge as the agitation gains momentum.
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