Revised scheme gives pension to newcomersExpress News Service
BANGALORE: The state government has evolved a new pension scheme for its employees appointed on or after April 1, 2006. The government had scrapped the pension scheme for its employees appointed on or after April 1, 2006, considering the burden it was putting on the state exchequer. The decision had caused lot of resentment among government employees and they had been putting pressure on the government to address the issue.
The state Cabinet on Tuesday approved the new scheme. According to the scheme, employees have to contribute some portion of their salary (not more than 10 percent) every month towards pension fund and the government would also contribute an equal share. At the time of retirement, the pension would be fixed for employees based on the amount accrued in their respective accounts. Home Minister V S Acharya said that the employees, if they wished, can also contribute the amount for the period between April 2006 till date and the government would provide matching contribution. The Cabinet also decided to provide bicycles to 6.7 lakh students studying in 8th standard. Students using free bus pass are not eligible for getting the cycles.
Other decisions of the Cabinet
* Government to take over the evening college in Chikkaballapur being run by town municipality and convert it into a day college for women.
* Permission for Belgaum and Mangalore corporations to outsource city cleaning and garbage collection in some wards, to private players
* Karnataka Leather Industry Development Corporation to be renamed as Dr Babu Jagjeevan Ram Leather Industry Development Corporation. However, the brand name Lidkar will continue.
* To construct 1,082 Anganavadi buildings at a cost of RS 40 crore
* To provide Rs 40 crore for B-Trac programme in Bangalore
* Approval for a Rs 24-crore project to provide Cauvery water to Male Mahadeshwara Hills
* To build a link road at a cost of Rs 14.2 crore at Hiriyuru to connect the Bidar-Srirangapatna state highway with national highway number 4.
The state Cabinet on Tuesday approved the new scheme. According to the scheme, employees have to contribute some portion of their salary (not more than 10 percent) every month towards pension fund and the government would also contribute an equal share. At the time of retirement, the pension would be fixed for employees based on the amount accrued in their respective accounts. Home Minister V S Acharya said that the employees, if they wished, can also contribute the amount for the period between April 2006 till date and the government would provide matching contribution. The Cabinet also decided to provide bicycles to 6.7 lakh students studying in 8th standard. Students using free bus pass are not eligible for getting the cycles.
Other decisions of the Cabinet
* Government to take over the evening college in Chikkaballapur being run by town municipality and convert it into a day college for women.
* Permission for Belgaum and Mangalore corporations to outsource city cleaning and garbage collection in some wards, to private players
* Karnataka Leather Industry Development Corporation to be renamed as Dr Babu Jagjeevan Ram Leather Industry Development Corporation. However, the brand name Lidkar will continue.
* To construct 1,082 Anganavadi buildings at a cost of RS 40 crore
* To provide Rs 40 crore for B-Trac programme in Bangalore
* Approval for a Rs 24-crore project to provide Cauvery water to Male Mahadeshwara Hills
* To build a link road at a cost of Rs 14.2 crore at Hiriyuru to connect the Bidar-Srirangapatna state highway with national highway number 4.
1 comment:
Dear Dr.
Why is the M'LORE-BLORE highway neglected?why is no action taken against the contractor who neglected the quality of the road?
REGARDS
PUNEETH KUMAR
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