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    • JOIN THE STRUGGLE FOR DE-LINKING 33 YEARS FOR 50% OF LAST DRAWN SALARY & PENSION UPDATION ALONG WITH EVERY REVISION OF SALARY FOR EMPLOYEES

    Wednesday, 20 March 2019

    WHY PENSION UPDATION REQUIRED

     It is an accepted fact there is erosion of money value.The salaried class are badly affected by this phenomenon.In order to contain   this loss to a certain extent  due to depletion of money value Dearness Allowance is introduced.In the long run Dearness Allowance also become insufficient to safe guard money value & purchasing power due to unforeseen economic conditions, Pay revision is resorted to make up loss of money value & purchasing power beyond the ambit of dearness allowance .Now coming to the subject of pension, Supreme court has already  declared that Pension is not a bounty, it is differed wages for the services reentered & a right. Although Dearness allowance is given in pension also to make up the erosion of money value & purchasing power, but discriminated from salaried successors by denying pension updation during wage revision, even though pension is a differed wage as declared by Hon Supreme Court.Hence this is case a which comes under Article 226.
    AN ARTICLE BY MBC MENON

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