News: Coal India pensioners demand revision

#Current

Coal India pensioners demand revision

The former employees of Coal India Ltd. have demanded that their pensions be revised, as the current pension scheme was implemented over 15 years ago. Some of the retired employees are drawing as less as Rs 73 per month, while a former chairman was entitled to only Rs 2,344 per month, according to Federation of Coal Industry Retired Employees Association. President of Federation, J N Singh, a former director of CIL subsidiary WCL, said at a press conference here yesterday that the former employee who was getting a pension of Rs 73 had in fact requested the CIL to stop paying him altogether.

The former employees of Coal India Ltd. have demanded that their pensions be revised, as the current pension scheme was implemented over 15 years ago. Some of the retired employees are drawing as less as Rs 73 per month, while a former chairman was entitled to only Rs 2,344 per month, according to Federation of Coal Industry Retired Employees Association. President of Federation, J N Singh, a former director of CIL subsidiary WCL, said at a press conference here yesterday that the former employee who was getting a pension of Rs 73 had in fact requested the CIL to stop paying him altogether.

Read the Economic Times news report here.

Topics: #Current, #National, Strategic HR

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